Genesis Cloud Mining Review

Genesis cloud mining was established at the end of 2013, considering as the leaders in the cryptocurrencies cloud mining. The Genesis’s office is located in Hong Kong and the mining farms are located in Europe, America, and Asia.

Genesis mining guarantee 100% up time using the Genesis Hive – Control panel to manage the rigs, their algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss.
The uniqueness of genesis mining in addition to the Bitcoin cloud mining is the supporting of Altcoin mining, the user can even decide to allocate the hashpower between the coins. As a results user can decide to allocate 70% BTC, 20% LTC and 10% for the DOGE.
Especially relevant on Genesis Mining platform is the possibility to mine others and less familiar coins such as: Unobtanium, Dark, Litecoin, Dash, Zetacoin, Startcoin, Dogecoin, Peercoin, Namecoin and Ethereum.

Genesis Mining Contracts

Bitcoin Mining

There is also a “Custom Plan” where the user can create a custom Bitcoin mining plan

Bitcoin cloud mining uses the SHA256 algorithm and is mined with specialized ASIC Hardware.
The contracts is “Open-Ended” and determined by three factors:

Mining Dificulty
Maintenance Fee
USD Vs Bitcoin exchange rates

As long as the contract is capability and profitable it will continue running.

A fixed maintenance fee: USD 0.00028 per GH/s per day, the actual deducted from the daily payouts is in BTC.

Purchase Mining Plan

Ethereum Mining

There is also a “Custom Plan” where the user can create a custom Ethereum mining plan

Ethereum cloud mining uses the “Eth-hash” algorithm. Earned Ethers can be autotraded in the dashboard to Bitcoin, Zcash and other Cryptocurrencies.
The contract run for a maximum of 24 months.

No maintenance fee applied for the whole contract time

Purchase Mining Plan

Monero Mining

There is also a “Custom Plan” where the user can create a custom Monero mining plan

Monero cloud mining uses the “CryptoNight” algorithm.
The contract time is 24 Months

No maintenance fee applied for the whole contract time for monero cloud mining

Purchase Mining Plan

Dash Mining

Dash is using the “X11” algorithm

The contract run for 24 months.

No maintenance fee applied for the whole contract time

** Dash Mining is out of stock **

Cryptocurrency Algorithm Vs Coins Table

Genesis Cloud Mining Fee

At some of the mining contracts (SHA256) there is maintenance fee to cover the mining costs: electricity, cooling, hosting etc..The fee is being calculated per GH/s and automatically deducted on a daily basis, each contract has its own maintenance fee. The Genesis mining contract is for “lifetime” – as long as the payouts covers the maintenance fee.
Contracts without maintenance fee: 2-year X11 and Litecoin contracts, monero mining cryptonight and 1-year Zcash and Ethereum.
The maintenance fee covers the cost of:

Electricity
Cooling
Hosting Services
Maintenance work

Genesis Mining Withdrawal:

Genesis mining are working on a daily payouts to your Cryptocurrency address. Please note that there is minimum payouts for each coin and the payout will be processed only if the accumulate balance will reach this threshold.
For example the minimum payout balance of the Monero mining plan is 0.4 Monero.
* You can choose to keep your payouts withing Genesis Mining platform as a wallet, just keep the payout address empty. Keep in mind that the most secure way to storage your coins is through a hardware wallet such as: Trezor, Keepkey or Ledger Nano S.

Genesis Payment Methods:

– Credit Card (Visa / MasterCard) Minimum 50$, for orders under 100$ a fee applies.
– Bank wires in USD / EUR
– Cryptocurrencies: Bitcoin, Litecoin, Dogecoin and Dash.