Genesis mining review

Genesis Mining review

 

Promo code X2l6Uc for 3 % discount

genesis mining review cloud

VISIT GENESIS MINING 

Genesis Mining promo code X2l6Uc

 

Summary

 

  • ROI(yearly): 15-40 %
  • Mining contract: Lifetime, 1 year
  • Payouts: Daily
  • Payment methods: Bitcoin, Credit card, Wire, Litecoin, Darkcoin, Dogecoin
  • Cost: About $0.4 Gh/s
  • Minimum investment: 0.093 BTC
  • Allcloudminers rating: ***** (of 5)

1. Genesis Mining cloud mining

 

Genesis mining has been operated cloud mining since 2013. They are a Hongkong based bitcoin cloud mining company. They have farms in Iceland, USA and Canada. Genesis has a partnership with one of the largest ASIC manufacturer´s, Spondoloolies Tech. Genesis write a blog about bitcoin. They update a couple of times in a month. Genesis also provides webinars a few times every year. During those webinars, they film from inside the mining parks and talk about their future projects.

 

2. Genesis Mining Platform

 

Genesis mining has a clean and nice platform. It´s very easy to get an overview and navigate through the website. They offer two-factor authentication. They also give you the opportunity to choose mining allocation between SHA-256 and Scrypt. We always have a discount of 3-5% for lifetime contracts. This genesis mining promo code X2l6Uc.

 

3. Genesis Mining Review - Statistics

 

Genesis has more than 100.000 members. The expected return on investment can vary. It depends on the bitcoin price and mining difficulty. Both of them are hard to predict but expect around 15 % return on investment if nothing dramatic happens.

 

4. Genesis Mining Review - Risks

 

There are a few risks with cloud mining companies. These are business transparency, flexibility, company size, equipment, and communication. Genesis mining is one of the largest bitcoin cloud mining companies. They have many farms with modern equipment. Genesis have put a lot of effort to maximize energy efficiency in their mining farms. Genesis is an actor prepared for competitors to show up. They are also prepared for a lower bitcoin price.

 

5. Genesis Mining Review - Support

 

You reach Genesis mining support by contact form or email. They are pretty fast to answer questions.

6. Our view on Genesis Mining

 

Our view on Genesis mining is that it´s a trustful actor. We have invested in Genesis mining since October 2014. We have received daily payouts every day. The bitcoin value and mining difficulty reflect the payouts. We have had little contact with support since everything has gone smoothly.

7. Genesis mining promo code - Invest

 

You need a bitcoin wallet to receive payouts. If you don't have one you must get one. We recommend COINBASE where you can get $10 for free.

  1. Go to Genesis-mining.com.
  2. Sign up with an email.
  3. Confirm email.
  4. Login.
  5. Choose Upgrade Hashpower.
  6. Choose which type of contract.
  7. Choose a payment method (Bitcoin, Credit card, Wire, Litecoin, Darkcoin, Dogecoin).
  8. Choose contract size.

  9. Genesis Mining Promo Code: X2l6Uc for 3 % discount.

  10. Check the box for the contract agreement.
  11. Enjoy daily payouts.

 

 

 

8. Genesis mining profitability

 

 

Genesis mining review profitability

We invested first time in Genesis mining in Oct. 2014. We have since then bought SHA-256 contracts for 9.3 BTC. We have collected all our net payouts and created this graph. As you can see we just broke even and now, start to make a profit.

9. Genesis mining Ether mining profitability

 

Genesis mining review ether profitability

Total invested: 0.28 BTC = $125 (Since 2016-01-26)

Total payout: $93

Payout rate 2016-06-07: $0.5 / Day

Estimated time to break even: July 2016 = Approximately 6 months

These are our Ether cloud mining payouts from Genesis mining. We have invested in total 5 MH/s. We have bought Ether cloud mining contracts at 2016-01-26, 4 MH/s for 0.18 BTC and 2016-03-01, 1MH/s 0.10 BTC. Genesis mining increased the price of Ether mining rounds between our purchases. During the first round, Ether was still a low valued altcoin with less attention. Between the rounds of Ether cloud mining contracts, Ether gained huge attention and skyrocketed in price. That´s why the second-round contracts are more expensive.

 

 

 

10. Genesis mining calculator

In this section, we present Genesis mining calculator. Many of our readers have asked for this function but it´s very hard to find it. The reason why it´s very hard to find it is simply because it´s also very hard to predict the mining outcome in the future. However, it´s possible to calculate the current payout speed and make a linear regression. A linear regression will not correspond to the reality but it´s an indicator. Also, remember the Bitcoin halving in July 2016.

Use our Promo code X2l6Uc for 3 % discount for even better ROI.

 

Genesis Mining SHA-256 (2016-06-30)

1.35 mBTC / TH/s / day

$1.1 / TH/s / day

Price: $170 / TH/s

Break even: 155 days

 

Genesis Mining X 11 (2016-06-30)

0.022 mBTC / MH/s / day

$0.015 / MH/s / day

Price: $9 / MH/s

Break even: 600 days

The X 11 contract can switch cryptocurrency. Read more HERE.

 

Genesis Mining Ether (2016-06-30)

0.057 mBTC / MH/s / day

$0.038 / MH/s / day

Price: $37 / MH/s

Break even: 973 days

 

Genesis mining pictures

Genesis mining review

Mining Facility

Genesis mining review

Promo code

Genesis mining review promo code