Genesis

Genesis

Expert Rating (3/5)

Overview

Genesis Mining, one of the leading providers of hashpower in the world, serves an international community of more than 1,000,000 cryptocurrency miners. To start mining bitcoins and altcoins, you only have to register an account at Genesis Mining.

The company was launched in 2013 by a team of cryptocurrency experts. It grew slowly, setting up new mining farms as its user base increased. And as the company grew in size, it began recruiting new engineers and programmers. Today, the team behind Genesis Mining comprises qualified individuals from different areas, but their faith in cryptocurrencies unites them. The entire team feels that cryptocurrencies have a bright future.

The company’s co-founder and CEO is Marco Streng, an early bitcoin investor and mathematician. The company’s CTO is Stefan Schindler. The team urges miners not to waste their time with noisy, overheated, and energy-guzzling mining equipment as it has already set up sophisticated mining rigs. Miners can mine any cryptocurrency that Genesis Mining supports and receive daily returns on their investment.

One of the newest and most innovative features of Genesis Mining is Genesis Hive, which is a web interface that enables miners to easily setup and manage their altcoin or bitcoin mining farm. It is like a control panel that can be used to manage one’s mining rigs. Genesis Mining had started developing Genesis Hive right at the beginning of its business and is currently using the feature to set up and maintain its mining farms.

Data Centers

Genesis Mining has a large number of mining farms, but provides information about just a few because it prioritizes security and customer protection. The company can install video cameras only at selected locations, and while doing so, it does not reveal sensitive information.

The following is a brief overview of some of the mining farms belonging to Genesis Mining:

Enigma Ethereum Mine in Iceland: This is the biggest Ethereum mining farm in the world, and it was developed only to support the Ethereum project. To mine Ethereum, one needs to use graphics cards. The company’s Scrypt mining apps perform exactly as they have been programmed to. As a result, there is no censorship, downtime, third party interference, and fraud.

Bitcoin Mining Facility in Iceland: Most cryptocurrencies require algorithms that can be run on specially designed equipment and Bitcoin is no exception to this rule. Genesis Mining’s bitcoin mining farm is built with hardware supplied by Spondoolies Tech, the computing experts that have signed a partnership deal with the Bitcoin Mining Facility.

Dash Mining Facility in Iceland: This data center uses the XII algorithm for Dash and other virtual currencies.

Benefits of Mining with Genesis Mining

The benefits of mining with Genesis Mining are many, and here are just a few:

Innovative Mining Solutions: The company specializes in developing unique and innovative mining techniques and mines a highly profitable altcoin portfolio. These altcoins are then exchanged for bitcoins.

Makes Mining Pleasant: Mining cryptocurrencies on your own is a far from pleasant experience. But Genesis Mining has made it pleasant by totally eliminating the need for individuals to deal with noisy, overheating, energy consuming mining machinery.

Lucrative Promotions: The company runs a number of promotions, which give customers the opportunity to either add percentages to their hashpower or get a cut on their contract price. Users can also use the affiliate program to grab exciting deals by just encouraging their friends to join the program.

Altcoin Support: Genesis Mining believes in the importance of altcoins. The wide range of altcoins and their respective communities form an inseparable part of the cryptocurrency environment. The company, therefore, gives them complete support. So every now and then, the company expands the list of altcoins that can be mined. It announces polls on its Facebook page and encourages users to vote for their preferred altcoin.

Mining Multiple Cryptocurrencies: Genesis Mining gives its customers the opportunity to decide what coins they would like to mine with the hashpower they had purchased. The company allocates hashpower among altcoins in a flexible manner.

Affordable Rates: Users don’t have to bother about pool fees. They also don’t have to wait for their products to be shipped to them. They can start mining immediately and rest assured that the system will never crash and create downtime. Users are free to purchase hashpower that can be used for a lifetime.

Transparent Operations: Genesis Mining discloses all information about its operational team and founders. You can easily find the company at the above-mentioned addresses. Moreover, the company is active on a wide range of forums and conferences and is easily accessible.

Highly Profitable Mining: The quality of the mining equipment has nothing to do with the package selected. While purchasing a package, you are renting high-quality rigs that use affordable electricity and can be cooled efficiently. Users don’t have to wait for any mining product to be delivered to them. That means no downtime, enabling users to get started with their mining activities instantly.

Users can choose from Bitcoin, Litecoin, Ethereum, Dash, ZCash, and Monero plans.

Customer Service

Customers who have doubts and questions can send an email to contact@genesis-mining.com. Customer service at Genesis is available between the hours of 9:00 a.m. to 5:00 p.m. (UTC). Customers can also try to find the information they are looking for at the comprehensive Frequently Asked Questions (FAQ) at Genesis Mining. The FAQ is arranged in categories such as Account, Payouts, Allocation, Contracts, Affiliate Program, and General.

Contact Details

Office Address: Genesis Mining Ltd., Chinachem Century Tower, 31/F, 178 Gloucester Road, Wanchai, Hong Kong

Agent Address: Genesis Mining Iceland ehf.

Registered Address: Borgartuni 27, 105 Reykjavik, Iceland

Operational Address: Sjonarholl 16, 235 Reykjanesbaer, Iceland

Email: sales@genesis-mining.com

AuthorDavid Nugent

David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Besides from being a trader he is also a lifelong Everton fan and enjoys spending free time watching his beloved team in the premier league.

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