Genesis Mining Cloud Mining Guide
Genesis Mining (Genesis Mining) is a cloud-mining service for cryptocurrency. It offers a way to buy hashpower without having to deal with complicated hardware or software setup, and it provides mining and hosting services along with a range of cloud-mining solutions for its customers.
Genesis Mining is the founding partner of Logos Fund, described as the first fund created for investing in bitcoin mining. Logos Fund draws on the market experience its partner Genesis Mining has, its reputation in the industry, and its technical capabilities.
Genesis Mining was founded by the end of 2013. With more than 2,000,000 users at present, it positions itself as one of the leading multi-algorithm cloud-mining companies and operates several mining farms located in Europe, America, and Asia.
The company states that it has made daily cryptocurrency payouts over the past several years and that it works continuously on improving its system and resolving issues, with a team handling payments so they are received on time. As with any cloud-mining provider, past payouts are not a guarantee of future returns.
How it works:
Once you buy a contract, it is added to your profile and you can start mining right away, based on the blockchain algorithm you choose and the related mining service agreement you enter into. The first mining output is issued after 48 hours, followed by daily mining output. Daily mining profit is processed and sent to your account within 24 hours after the mining day ends.
Cloud mining, whether with Genesis Mining or another provider, may be a suitable option for some people, because in cloud mining you avoid the maintenance work involved in running mining hardware. It can also keep you within the law if you live in a country that criminalises cryptocurrency mining.
Payment methods:
- Credit card (Visa and Mastercard)
- Bitcoin, Litecoin, Dogecoin, Dash, Bitcoin Cash
Fees:
Maintenance fees and all mining-related costs — including electricity, cooling, maintenance work, and hosting services — are set in US dollars and deducted from the daily mining rewards on a daily basis. You can review the maintenance-fee details for the contract you chose in the terms of service before buying.
Buying an open-ended contract:
The term of an open-ended contract is variable and is determined by three factors: mining difficulty, the Bitcoin-to-US-dollar price, and the daily maintenance fee. The first two factors cannot be controlled or predicted, but the company deploys the latest mining technology to keep operations running at full capacity.
Minimum withdrawal:
Mining output is produced daily, but you only receive it once it has accumulated to a certain amount. These minimum thresholds are set to avoid customers paying excessive fees. You can visit the “My Account – Settings – Wallet” section of your account for more details on the minimum withdrawal for all available currencies. For Bitcoin, the minimum withdrawal is 0.025 BTC.
Mining currencies:
How can you mine different currencies at the same time?
Genesis Mining (Genesis Mining) lets its customers mine different types of currencies at the same time. You decide which currencies you prefer and allocate hashpower accordingly.
To receive mining output, make sure to add your wallet address(es) to your Genesis Mining profile. You can find more details on how to add your wallet(s) in the next section.
How do you add wallet addresses to your profile on Genesis Mining?
In the “My Account” menu, choose “Settings” then “Wallet.” Here you can set the wallet addresses for each type of currency.
How to register:
First, go to the official site of Genesis Mining (Genesis Mining) and click “start mining now.”
Enter your email and password, repeat the password, complete the captcha, then click “sign in.”
After completing registration, log in to your account on the site and this main menu will appear.
Purchase plans on the site.
There are 3 plans.
1. 5-year investment plan >>> Bitcoin.
2. 2-year investment plan >>> Ether.
3. 2-year investment plan >>> Dash, Bitcoin, and Dollar (X11).
Now, after choosing your investment plan, you can select the Bitcoin, Ether, or Dash plan, or you can choose two or three of them.
Payment method:
As explained earlier, you can pay by credit card or Bitcoin, Litecoin, Dogecoin, Dash, or Bitcoin Cash, by selecting the option marked 1 and then clicking 2, “continue.”
A page will then appear — this is an example of paying with Bitcoin — showing the Bitcoin value of the three plans you selected, or of one plan, or up to two plans. You can enter the code lxHTcB in the “Promo code” field and click “validate” to get a 3% discount. Type the code manually rather than pasting it, keeping the upper- and lower-case letters exactly as shown so the code activates, and you can apply it to any payment.
Agree to the terms and click to confirm the payment.
You can now begin your mining strategy.
Discount code:
Enter the code lxHTcB in the “Promo code” field and click “validate” to get a 3% discount. Type the code manually rather than pasting it, keeping the upper- and lower-case letters exactly as shown so the code activates, and you can apply it to any payment.
Risk warning & disclaimer: This article is for educational purposes only and is not investment advice or a recommendation to use any cloud-mining service. Cryptocurrency and cloud-mining contracts carry a high level of risk, including the loss of your entire capital; returns are not guaranteed and depend on factors such as mining difficulty, coin prices, and fees. Do your own research and only commit money you can afford to lose. Some links on this page are affiliate links: if you sign up through them we may earn a commission at no extra cost to you, and this does not influence the information above.
التعليقات مغلقة.