Genesis Mining
Genesis Mining is a cloud mining service that allows users to purchase hashpower to mine cryptocurrencies like Bitcoin without having to manage their own hardware. Users can purchase contracts for different coins and payouts are made daily to the user's wallet.
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Genesis Mining: Cloud Mining Service for Cryptocurrencies
Buy hashpower to mine Bitcoin and other cryptocurrencies without hardware management, daily payouts guaranteed
What is Genesis Mining?
Genesis Mining is one of the largest and most well-known cloud mining companies for cryptocurrencies like Bitcoin. Founded in 2013, Genesis Mining offers an easy way for individuals to get started with crypto mining without having to deal with purchasing, configuring and maintaining expensive mining rigs.
With Genesis Mining, users can purchase hashpower contracts for different coins like Bitcoin, Ethereum, Litecoin, and more. These contracts give you a share of the company's computing power to mine coins, and you receive daily payouts of the coins you have mined to your designated wallet. Contract lengths typically range from 1-3 years.
Some key things to know about Genesis Mining:
- Their mining farms are large-scale operations located around the world with thousands of ASIC miners
- When you buy a contract, your hashpower is guaranteed for the length of the contract
- Payouts are made daily when the network thresholds are met
- Genesis offers transparency with mining analytics on their website
- Fees are built into the contracts based on maintenance costs, electricity, etc
Overall, Genesis Mining makes it simple for anyone to start mining cryptocurrency without hardware investments and hassles. The ability to mine various coins and receive daily payouts in a seamless way has made them one of the top choices for cloud mining.
Genesis Mining Features
Features
- Cloud mining service
- Allows users to purchase hashpower to mine cryptocurrencies
- Supports mining of various cryptocurrencies like Bitcoin
- Payouts are made daily to the user's wallet
Pricing
- Subscription-Based
Pros
No need to manage own hardware
Accessible to users without technical expertise
Diversified cryptocurrency mining options
Automated daily payouts
Cons
Ongoing costs for mining contracts
Potential for lower profitability compared to self-mining
Reliance on the service provider's infrastructure and operations
Official Links
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