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Genesis Cloud Mining Review: 10 Facts To Know In 2017

Genesis Cloud Mining Review: 10 Facts To Know In 2017 18/09/2017
Genesis Mining Review

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So, you have decided to mine Bitcoin and other cryptocurrencies and you started researching. During your research, you learned that you will need to spend a lot of money to buy the equipment as well as to keep it in a good condition. Naturally, you started having second thoughts on mining work, asking yourself is it really worth the money. Well, what if we were to tell you that you can still make a profit from mining work, but actually don't have to deal with all of the hassles that go with it? Yep, you’d better believe us, because here we have just the thing you need – Genesis Cloud Mining. If you want to find out more, keep reading.

About Genesis Mining

Genesis Mining is a cryptocurrency mining company, founded in 2013. Their mining farms are placed somewhere in Europe, Asia and America. We say “somewhere” because the exact locations aren’t revealed to the public for obvious safety reasons. This is the most popular mining company (for Bitcoin, Ethereum, and other cryptocurrencies) which you can use with a peace of mind, knowing that it is not a scam (because most of these companies are). The members of this Bitcoin mining team are people who believe in the power of cryptocurrencies and wanted to support others who share their belief by giving them a safe and simple way to obtain cryptocurrencies.
Assuming you don’t know how this company actually works, here is an explanation. Simply put, this company is a simple and safe way to buy hash power without dealing with hardware, cooling, mining rigs, mining pools etc. After making an account, you need to choose the best mining plan for you (there are three of them – Gold, Platinum, and Diamond account) and start earning Bitcoin and other cryptocurrencies. Currently, Genesis Mining counts more than 290,000 members. Let’s see what Genesis Mining has to offer you.

Why should you choose Genesis Mining?

1. Ease of use

The first and most obvious benefit of Genesis Mining is the ease of use. As already mentioned, there is nothing else you need to do to obtain cryptocurrencies, except to make and fund your account and choose a mining plan. This is like a dream come true, since you will enjoy the benefits of cryptocurrencies, without actually wrestling with hardware assembly and maintenance at your home.
Moreover, making an account is simple and fast. Also, the interface is well designed, allowing you to promptly find the segment you need. Don’t worry if you are a complete beginner because their website is really easy to use.

2. Safe

The problem with mining services is that most of them aren’t legit. Meaning, they say that they use your money for mining, but they lie, which clearly leads to wasting your money. However, this company is a really safe option, counting about 300,000 users. It really does what it is supposed to, thus can be trusted to.

3. Options

With three mining plans to choose from, at reasonable prices, you have a few options to choose what you need and want. Add to that the possibility of earning various coins and credit card payments and you can see why Genesis Mining is a number one cloud mining service. Thanks to all this, this company is ideal for both regular miners and big investors.

4. Customer service

When it comes to customer service, Genesis Mining has really got your back. Their customer service is not only patient but they are ready to help you solve your problem in a short time. You can either call them or send them an email. Also, there is a FAQ section on their website that has pretty much all the info someone needs to find out about this company and mining work, so maybe you won’t even need to call support. Speaking of that, let’s take a look at some of the most frequently asked questions.

FAQ

1. Is Genesis Mining profitable?

Genesis Mining team firmly believes that Bitcoin and other cryptocurrencies are extremely profitable, as they are “the money of the future”. However, the risk always exists, so you should be cautious and wise.

2. Can I have access to my mining performance?

Genesis Mining doesn’t give this info to their clients, but you can call support and see if they can help you out.

3. How much profit should I expect from my investment?

There is no right answer to this question since cryptocurrencies mining depends to a great extent on the prices as well as difficulties of the selected coins. Clearly, neither the prices nor difficulties can be predicted.

Source: genesis-mining.com

4. Why can’t I just buy the hardware and make a profit that way?

Of course, you can. However, do you really want to? There are many hidden costs related to the hardware such as shipping costs, costs for additional equipment, setup, electricity and of course maintenance.

5. How much do I have to pay for maintenance?

You will find that information in your contract since the prices vary on the mining plan you choose. But, in general, the maintenance fee will cover electricity costs, maintenance work, hosting services and cooling.

6. What does “Affiliate Program” mean?

In order to learn more about this, please, go to this link.

7. What about receiving my payouts?

You will receive them when a certain amount of payouts is accumulated. For that, check the minimum payout limit.

8. Is Genesis Mining legit?

Yes, they are. Except the fact they have been working more than 3 years, this company also gives you a chance to see their data centers, and learn more about them.

9. How can I learn more about this company?

You can go to their website, and follow their webinar on YouTube channel.

10. What payment methods do they accept?

Their payment methods are credit cards (Master Card and Visa) and cryptocurrencies.

Final Thoughts

Well, there you have it – everything you need to know about Genesis Mining. Being safe and easy to use, this company is arguably the largest cloud mining company on the planet. Add to that enough options when it comes to mining plans, cryptocurrencies you can mine and payment methods, and you see why this is the best choice for anyone looking for reliable mining work.

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