Genesis Mining is a cloud-based mining platform that aims to make acquiring cryptocurrencies simple and fast for everyone.
Genesis Mining offers cloud mining capacities in every range for newbies, small scale miners, and large scale investors. Over 10 cryptocurrencies such as Bitcoin, Etherum, Dash, Litecoin, Zcash, and Monero can be mined through 6 major mining algorithms using the latest technology, hence making available the best options for customers.
Users can also allocate their mining hash power to mine different currencies simultaneously through Genesis Mining's AUTO feature.
According to the company's website, there are no charges for electricity or extra pool fees.
The company's website is easy to navigate, and they also maintain a good support service that responds quickly to queries.
It is also stated on the Genesis Mining website that they own hydro-electric and geothermal powered data centers in Iceland and Sweden. These data centres are run by Genesis Mining's self-developed farm management solution Genesis Hive. One of its stand out data centers is the popular Enigma, which was first designed to mine only Ethereum but has been upgraded over the years with powerful mining rigs to mine other coins.
Some of their mining farms are located in Iceland and Sweden.
Since its inception in 2013, it has provided services to over 2 million customers from 100+ countries. The company also won the "Mining Initiative Of The Year Award 2018".
Genesis Mining also owns Genesis Hexa - a software that helps maintain and run massive mining farms smoothly, and they are also the lead investors in HIVE Blockchain technology.
Below are some of the vital information one needs to take into cognizance before investing with Genesis Mining
It was the oldest surviving cloud mining company being founded in 2014
They have an intuitive platform.
It is straightforward to make deposits and withdrawals.
They offer daily payouts.
They have a nice customer service
Videos of their data centers can be seen on their platform.
Their pricing is a bit high when it comes to ROI as compared to conventional mining
They don't supply full information on mining to their users
Some of their plans are not accessible