Welcome to my Genesis Mining Review. The Genesis Mining App has been providing crypto-currency mining services since 2013. They’ve stood the test of time, consistently paying out their users while also putting in place a great customer service. Genesis Mining software currently owns several mining locations across America, Europe, and Asian.
The specific location of these mining farms is hidden due to security reasons. It should also be noted that Genesis Mining scam free software is a well-resourced cloud mining company. They are considered as one of the most reputable cloud mining platforms in this business. By no means is Genesis Mining program a scam company.
Genesis Mining Review: Is Marco Streng’s Cloud Mining App a Scam?
If anything, Genesis Mining app and Hashing 24 are the only 2 cloud mining companies that we are willing to talk about in all our Genesis Mining reviews due to their great reputation. At this point in time, it can be stated that Genesis Mining system is arguably the greatest and most popular cloud mining service for those who want to mine Bitcoin, Ethereum, and other coins.
The Genesis Mining by Macro Streng was even registered with the SEC as a Bitcoin Mining company, which is an indication that they provide the service which they claim to offer. It is worth noting that crypto-currency contracts are lifetime contracts, meaning that they do not have a maturity date. As long as they remain profitable, you can continue to mine them and receive payouts as a result of your mining activities.
Features of Genesis Mining Software
So, what are the features offered by Genesis Mining app? There are plenty of them. The following is just a summary of what you should expect:
- You Can Mine a Variety of Coins from Genesis Mining App
Depending on the contract you purchase, Genesis Mining review website makes it a reality to earn from different types of coins on their platform. As of June 2016, X11 contract could earn you Bitcoin, DogeCoin, LiteCoin, PeerCoin, Dash, NameCoin, and PeerCoin. For those who purchased contract SHA-256 during this period, they could earn Bitcoin, zeta coin, Dash, LiteCoin, or DarkCoin. As you can see, the type of contract you buy dictates the type of crypto-currency which you will earn from this platform.
- GM Offers the Capability to Decide Which Coins You Want to Earn with Your Purchased Hashpower
We mentioned earlier that Genesis Mining scam free program is currently the largest and even the most popular cloud mining platform in this industry. Because everything happens in the cloud, mining crypto-currency has become a simple and pleasant experience for everyone who would be interested in making profits through mining coins.
You see, a typical miner would need to invest in a significant amount of hardware to mine coins. However, with Genesis Mining review App, one does not have to incur the cost that is involved with setting up hardware and maintaining mining rigs as well. If the hustle is eliminated by conducting this operation on the cloud, an investor would simply purchase a plan and make money out of it.
- Genesis Mining App Saves Investors from Paying Hefty Mining Pool Fees
First of all, a mining pool is a group of miners who cooperate and agree on sharing block rewards in a proportion of their contributed hash power. Mining pools smooth out rewards and even make them a little bit predictable. The problem with mining pools is that they concentrate power on the mining pool’s owner. However, this problem can be solved when miners choose to redirect their hash power to a different mining pool.
However, in the process, mining pool fees are often incurred. The good thing with Genesis Mining review tool is that there are no fees associated with this process. Also, Genesis Mining system lets users decide which coins they’d want to purchase with their hash power. What this means is that users of this platform can decide whether they want to split their hash power between different coins or just stick to one coin at a time.
- Genesis Mining Hardware is Already Set up and is Running
The Genesis Mining scam free system makes the work easier by sparing you the headache of assembling and running noisy mining rigs at home. Everything has been set up for you. The only thing that users have to do is create an account and start mining at the comfort of their homes without having to suffer the noise that this hardware creates.
- Genesis Mining Company Owns a Number of high-tech Mining Facilities
The Genesis Mining website builds and maintains their mining farms in secret facilities around the world. The company depends on a monitoring tool known as Hive. This software enables Genesis Mining dashboard to monitor and even expand operations into digital coin mining operations. What is more, the company has invested in cutting-edge technology to ensure that the needs of their customers are catered for today and in the future.
- Genesis Mining Plans Will Suit Every Budget
The main Genesis Mining plans that customers can purchase are Gold, Platinum, and Diamond. To get started with Gold, all you need is a budget of $300. However, this plan is supposed to launch in October 31st.
The second Genesis Mining review plan is the Platinum account which requires a minimum budget of $350. Launch date remains the same.
The third plan is the most expensive of plans here as it requires users to part with a minimum of $1,950. It launches on the same date as the other plans.
And of course, Genesis Mining app also customizes plans if the first 3 don’t fit your needs. As you can see, the Genesis Mining program is very flexible.
The Genesis Mining App- Pros & Cons Explained !
Of course, there are lots of positive things that would encourage one to mine with the Genesis Mining cloud mining company. First of all, this is the most popular cloud mining service on the internet. That alone can instill confidence in you. Secondly, this company makes work easier for you so long as you’re willing to invest in any one of their plans. You see, there is not much that you can do once you buy the hash power on GM. The company states that this process is simple and secure, plus it doesn’t take you through the rigorous process of building a Genesis Mining review rig.
The Genesis Mining software offers the most competent and dependable rigs which they have no problem renting out to their clients. On the other hand, if you want to invest with them, it’s your job to designate an account which will enable you to mine your preferred coin.
- Daily Payouts
Most Genesis Mining users who have done or are doing business with GM say that this company pays its members on a daily basis.
They currently have over 500,000 members who actively mine coins on the Genesis Mining review platform. These statistics indicate that Genesis Mining is not a scam. But at the same time, it does not mean that this company will guarantee profits at the end of the day. What it means is that they honestly provide services which they claim to offer.
- The Genesis Mining Profitability
It does not make sense purchasing contracts from Genesis Mining if they won’t bring the return on investments, right?
Also, in as much as profits are not guaranteed, it does not mean that Genesis Mining is not profitable. If that was the case, they could not maintain such a big number of users. Perhaps the business would have collapsed by now. Let us analyze a typical scenario of what a contract would have returned using the aforementioned contract types (SHA-256 and X11) as the reference point.
However, even as we take this example into account, it is important to note that factors that make a contract profitable are constantly changing. These factors include the price of the coin, difficulty of the network and the hash price which keeps changing by the day. In the case of SHA-256, you can expect daily payouts of 0.37mBTC per 1TH/s in addition to a cost of 0.25 BTC per 1TH/s. If you do your math well, you will see that breaking even with this contract would take 670 days approximately.
In the case of X11, you should expect a daily payout of 0.027mBTC per 1MH/s coupled with a cost of 13.6mBTC per 1MH/s. If you do the math, you can expect to break even after 500 days approximately. These contracts can run for a lifetime and if they are profitable, a small maintenance fee will be charged. The point is that Genesis Mining review app will afford you daily payouts which can be a great stream of income.
- Banking options of Genesis Mining System
The Genesis Mining review website has since added a variety of ways to fund accounts. Mining contracts can be purchased using Visa or MasterCard, Bitcoin, Dash, LiteCoin or DogeCoin. This means that you have all the flexibility to choose your most preferred method of funding an account. You can never run out of convenient options for funding and cashing out.
- The Genesis Mining Customer Service
Current customers of Genesis Mining scam free system say that they have been paid on a consistent basis by this company. These customers receive daily payouts as promised on the website of GM.
We spoke to one Genesis Mining customer who said that they had faced a typical user problem on this platform. They locked their account as result of incorrectly typing their username and password.
As a result of contacting the customer support of this company, their account was reinstated quickly and safely. And by the way, the quality of support offered here is the number one reason why Genesis Mining review website has survived all this while. Most startups in this niche don’t do well in the long run.
Main Advantages of Genesis Mining Crypto System Reviewed !
The advantage is that Genesis Mining website gives everybody the opportunity to invest in crypto-currency and make money out of it.
If you’re looking to invest in Bitcoin or any other crypto-currency and are having a long-term investment approach in mind, then this company is your best choice. While profits are not guaranteed, we have never come across any user complaining that they lost their investments. Secondly, the Genesis Mining review company saves investors from the cost that is involved with setting up a mining facility at home. Some investors have always dreamt of investing in cryptocurrencies, although the cost of setting up an efficient mining rig has always discouraged them.
Now, this is a thing of the past. And with as little as $300, investors can purchase contracts and earn from them for as long as those contracts remain profitable. The third advantage is that this Genesis Mining platform is very safe and secure. Users don’t have to worry that their funds will be lost in the process. In fact, this is among the few businesses that one can run discretely on the internet and still enjoy a second consistent stream of income from their mining activities.
All mining rigs are situated in a secret location. This adds to the safety factor, which customers of Genesis Mining reviews have been enjoying all this while. Last but not least, users do not have to know about crypto-currency mining when they mine on the cloud with Genesis Mining app. The process is as simple as purchasing a contract and waiting for profits to be generated at the end of the day. No learning materials will be needed.
The People Behind Genesis Mining Website
This company was founded back in 2013 by a group of people who shared a common interest in Bitcoin mining. How did they find each other? Well, they met on the same buying and selling platform that they were using.
Marco Streng is the CEO of Genesis Mining company. JakovDolic is the co-founder and also the head of sales at GM. And finally, Stefan Schindler is the CTO of Genesis Mining review company.
They have since hired others to join their team. These include engineers and programmers who work in various parts of the world. What unites this community is the belief that the future of crypto-currency is promising.
Is Genesis Mining Company a Scam?
Honestly speaking, this company has survived for so long with the same business model which they are running today. Their user base has expanded to some half a million customers. This is a testimony that Genesis Crypto Currency Mining works.
Conclusion: The Genesis Mining is Not a Scam. Go Ahead, It’s Safe!
The Genesis Mining Crypto project is established on a legitimate business model. That’s an undisputed fact. It’s the go-to place if you want to invest in digital crypto-currency. Bottom line is; we do not see any major setback that could be associated with this company or its business model.