Genesis Mining is a bitcoin cloud mining service that is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. They offer hosted cryptocurrency mining services and a variety of mining related solutions to small and large scale investors. The combination of their algorithmic trading framework, mining infrastructure, and proprietary mining farm-management software, Genesis Hive, quickly made them an industry leader. Genesis Mining offers several contracts to start to mine that, according to the type of selected coin, may vary from an “open-ended” (that means that you’ll be paid till the bought hashpower is enough to produce a profit) to a 2 year contract. They currently accept the following payment methods: • credit card (Visa / Mastercard) • cryptocurrencies: Bitcoin, Litecoin, Dogecoin, Dash The maintenance fee covers all costs related to mining including: • electricity cost • cooling • maintenance work • hosting services For Bitcoin, they currently applies to SHA256 contracts, and it is calculated per GH/s and automatically deducted on a daily basis. You will find the current maintenance fee details in the contract. Please note that the 2-year X11 and Litecoin contracts, and the 1-year Zcash and Ethereum contracts have no maintenance fee. Pros • They have a very fast support and a good FAQ on the site • The “Mining Allocation” dashboard allows a very simple setup of your cloud mining • It’s a reputable company that operates since the 2013 • On September 2017, they have the position 3,470 on the alexa ranking Cons • It isn’t so profitable as seem. We calculated a break-even point at 15 months, even if can be considerably reduced thanks to the advantageous affiliate program • They need to provide more detailed information on the user’s revenue. HashFlare – Cloud Mining. When I first heard about Windows bitcoin mining but to be honest I didn’t get.
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March 2018
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