It has been operating on the market since 2013 when Genesis Mining Company was founded. As bitcoins and other cryptocurrencies became more popular, the company was born. A new mining farm, along with an updated database of users, was created when the company expanded. Experts from different fields of science and business are gathered together at the company to further the development of block and cryptocurrency technologies.
There is a real address of Genesis Mining’s office, as well as phone numbers for getting in touch with the company. Visit Genesis Mining’s official website to learn more about its team. Genesis Mining’s management is also public; for example, the CEO, Marco Streng, is a regular guest at international events promoting Bitcoin and Blockchain technology.
List of contacts
Genesis Mining’s official website www.genesis-mining.com provides information about the company’s location: its main office is located in Wanchai, Hong Kong.
Contact information for the company’s social networks can be found here.
An interface for the website
In order to understand the website interface, let’s talk about the main details about Genesis Mining Company.
Personal cabinets are created in a standard manner. The traditional form must be filled out.
Upon confirmation, the user account page appears.
You must first fill out the payment information under the “My Account” tab in the user menu. Upon earning the minimum amount, all profits will be automatically deposited in the specified purse.
There are a variety of hashing algorithms displayed in the main panel of the tool, as well as the scope of each algorithm.
In the bottom of the page are graphs showing profit. A cryptocurrency’s profitability is shown here. Charts showing recent earnings (in US dollars) are displayed. Prices, volumes of hashes, and validity of tariff plans differ for each type of cryptocurrency.
You must select a payment method and specify the amount of hashes to buy the cloud-based capacity and begin receiving revenue.
How do I choose which coins to mine?
According to the service’s start date for 2018, the following cryptocurrency outputs are available to users:
In order to accomplish this, purses should be installed for each cryptocurrency where mining proceeds can be stored.
Cost of maintenance
A variety of tariff plans are available for each of the six algorithms that produce cryptocurrency using the service.
BTC (BITCOIN) rates
Gold, Platinum, and Diamond are the three tariff plans available. It costs between $30 and $1950 and has a capacity between 200 GH / s and 15,000 GH / s.
Gemini, Ferox, and Graviton are the three tariff plans available. It costs between $30 and $2250 and has a capacity between 5MH / s and 500MH / s.
ETH (ETHEREUM) rates
Small, Medium, and Large are the three tariff plans available. There are three packages available, with a starting price of $29 and a capacity ranging from 1MH / s to 100MH / s.
LTC (LITECOIN) rates
Gold, Platinum, and Diamond are the three tariff plans available. Depending on the package, the cost ranges from $28 to $2400, and the capacity ranges from 2 MH/s to 200 MH/s.
XMR (MONERO) rates
Blaine, Dynamo, and Houdini are the three tariff plans available. This package costs from $49 to $2399 and has a capacity ranging from 60 Hz to 3000 Hz.
ZEC (ZCASH) production tariffs
Starter, Advanced and Professional are the three tariff plans available. Depending on the capacity and the price of the package, prices start at $47 and go up to $4399.
Payouts from Genesis Mining
If you wish to output different types of cryptocurrency, be sure to specify the appropriate purse in the “My account – Settings – Purses” menu.
Withdrawals are made automatically to the specified wallet. A big benefit of this feature is that coins do not need to be put on payment or waited for withdrawal confirmation.
Each day, clients receive payouts of earned coins after accumulating the minimum amount for payment. 0.005 bitcoins, for example, is the amount for Bitcoin. This will save you money on commissions associated with withdrawals of small amounts to purses.
Cons and Pros
- Physical power equipment is provided by the service;
- Other promising altcoins are also available for production, in addition to Bitcoin;
- Cryptocurrency hash rates are not the only thing you can purchase. A debit or credit card can be used for payment, as well as a bank transfer;
- Technical support that is efficient and friendly;
- An altcoins portfolio can be created for each individual.
The company’s weaknesses
Hashrates cannot be exchanged at Genesis Mining.
Ultimately, this platform is the best option for those who hope to make steady profits without worrying about picking the right pool or installing the software and hardware. While Genesis Mining reviews are generally positive, there are still some disadvantages associated with this platform.