Company's history


Genesis Mining website launched in February 2014, and have been promoting their service ever since. Their team is composed of CEO Marco Streng, CTO Stefan Schindler, CFO Marco Krohn, and Head of Sales Jakov Dolic. Although most of their team is from Munich, Genesis Mining is officially based in Bermuda, and has mining operations in Iceland, Asia and America. They have attended a number of key global Bitcoin conferences, and their team has given talks and exhibited at the Inside Bitcoins conference series in Amsterdam, Las Vegas, Tel Aviv and Paris. They have continued to promote transparency, and are one of the most publicly visible companies in the world.

Packages


Genesis Mining is a company that’s been offering cloud mining contracts since May 2014. They have low fee of $0.14 per kh/s. That’s it; mining power is then readily available for you to mine. They also offer three contracts, Gold, Platinum and Diamond.

GOLD package mining lifetime contract is a 50 GH/s, costs $24.49. This is a great starter package for people new to cryptocurrency, or people that don’t want to mess with complicated mining reads.
PLATINUM package is a 1000 GH/s lifetime contract costs $469.
DIAMOND package Genesis Mining describes as “Max Profit”. This lifetime contract gives you 15000 GH/s at a price of $6750. This offers the best hash to dollar ratio in the most hash power of the 3.

Altcoin mining


You are able to mine Bitcoin and additional various altcoins. For scrypt they offer: Bitcoin, Litecoin, Dogecoin, Darkcoin, Reddcoin, Blackcoin, Feathercoin, Auroracoin, Lottocoin, Megacoin, Novacoin, Potcoin, Viacoin, Dnotes and Worldcoin.
For sha256 they offer: Bitcoin, Unobtanium, Bitcoin Dark, Litecoin and Darkcoin.

Genesis Mining allows you to mine different types of coins at the same time. You decide which coins you prefer and you can allocate hashpower accordingly. Then get it automatically exchanged into Bitcoin which is then sent to your wallet daily.

Referral system


Genesis Mining offers a 2.5% signup bonus if you sign up with another customer’s referral code. Basically, by using the referral link and code (pjT6sq), new customers receive a 2.5% discount on their contracts. The referrer receives a 2.5% bonus of the purchased mining power for a year, so it’s really a win-win situation. You can sign up with my referral bonus below, which will hook us both up with an extra 2.5%. Overall, Genesis Mining offers a solid referral bonus.

Payments


Genesis Mining provides daily payouts of all mined coins! A mining day usually starts at 00:00 UTC and ends at 23:59:59 UTC. If you just bought a contract the start time could be different and you will only mine for a fraction of that day. Otherwise your miners will mine for you 24 hours and exactly act according to your settings (see “mining allocation”).

At the end of the mining day the company will do some additional calculations and double-checking to ensure everything is correct. About 8 hours later (max. 24 hours) you will receive payouts for each coin you have mined. Please ensure that you provide a payout address for each coin you mine, otherwise they cannot make the payout! The Conclusion


There are a number of reasons that Genesis Mining is ranked as the #1 cloud mining company. They are a company you can trust, they offer lifetime contracts, and their maintenance fees are very reasonable. Their dashboard interface is simple and intuitive. The only downside here is the price of their mining contracts; they sell contracts at a premium to their competitors. Then again, that price is mostly offset by their reasonable maintenance fees. To top it off, Genesis Mining offers a decent referral bonus that also pays out as a signup bonus.

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If you have questions, write here, or leave a message in the comment section below. The article above is not a business proposal, I just share my thoughts and experiences with you.
You should only risk money you will not mind losing or do not threaten your subsistence. Trading by the financial or stock market contains significant risk, you should consult with an investment advisor before starting it.