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Founded in 2013, Genesis Mining is a bitcoin mining platform that currently operates mining farms in Asia, America and Europe. Although most of the company’s facilities appear to be based in Iceland. The difference between a conventional mining pool and Genesis Mining is that you don’t need to contribute your hardware to the operation of the Genesis Ming Platform. Instead, your hardware is up and running once you start using the platform. You purchase into the operation and receive a portion of genesis mining’s hardware. Once you start you reap all the mining benefits.
Genesis Mining features
Mine alternative cryptocurrencies: Genesis Mining lets miners of the coins the mine alternative cryptocurrencies like Dash, ETH, LTC, Zcash, Monero and Bitcoin among others. You can mine all the cryptocurrencies available in the mining catalog, which means you can switch your mining power to adjust to new trends.
Hardware is already running: you don’t need to own your hardware since the company gives you an already upon and running hardware. You don’t need to operate hot, noisy miner or mess with your rig assemble. All you need is to buy into the company and you get a proportionate share of Genesis Mining power.
Get payouts daily: your investments payouts happens daily on the platform. All the payouts go to your designated wallet.
Pay using a credit card: It allows users to pay using their credit cards which means you don’t need to have cryptocurrencies to buy into the Mining. Subscription plans vary differently. The more hashing power you access, the more you need to pay.
Genesis Mining offers its users customized prices for the different cryptocurrencies mined on the platform. If you purchase Ethereum, Monero, Dash and Litecoin mining subscriptions. You have to agree to mine the currency for 2 years. On the other hand, Zcash comes with a 1-year mining commitment. For example, bitcoin pricing is as follows:
- Gold: $179.00 per 1,000 GH/s
- Platinum: $845.00 per 5,000 GH/s
- Diamond $3975.00 per 25,000 GH/s
All mining plans for all cryptocurrencies comes with a maintenance fee. The fee is fixed is deducted from open-ended contracts as long as it brings in profits.
The team behind Genesis Mining
The company is led by co-founder and CEO Marco Streng. He is a mathematical and early bitcoin investors. Others are co-founder Jakov Dolic, German entrepreneur and head of sales and Dr. Marco Krohn, the CFO of the company. Krohn is a physics/mathematician specialist.