Reviews about Genesis Mining cloud mining and service ratings on various forums and blogs put it in the top three, and sometimes even in the first place in the list of the most stable and highly profitable methods of investing in cryptocurrency. Let's check why today many users work with this platform for simplified mining.
Is it a scam?
Of course, there are unflattering reviews about genesis.mining.ru - the Russian-language website of the company of the same name. Usually they are supported by arguments that the company actually has nothing to do with cryptocurrency, but is an ordinary financial pyramid. This distrust in the Russian segment of cloud services has caused several unpleasant fraudulent schemes that have been operating for several years, robbing and deceiving tens of thousands of users.
The website of the company itself contains the address of the office, which the administration eagerly invites you to visit each potential client in order to decide whether to invest or not. The office is located in the capital of Iceland - Reykjavik. One of the company's data centers is also located there, a video from which can be viewed on the website. Alas, getting inside or finding out the address is not possible for security reasons. According to representatives, there are at least two more data centers in Iceland.
You can familiarize yourself with this information, as well as reviews about www.genesis-mining.com, by making an appropriate search request. But already on the basis of these data one can understand that the company is not just another fraudulent “one-day”, but a full-fledged investment tool. The service appeared back in 2010, and for a long time already exists and has acquired regular customers.
Why do most choose Genesis Mining?
You can not take a word and register yourself to check the real simplicity of the service. Even a novice who absolutely does not understand cryptocurrency will be able to understand it and immediately start to make a profit. This was achieved thanks to the incredible information content and ergonomics. At the same time, experienced users also like working in this web interface. Here you can view detailed statistics, as well as change the settings for mining in real time.
Benefits of Cloud Mining from Genesis Mining
- No need to bother with theoretical knowledge about mining, pool sizes and other technical terms.
- There is no need to purchase expensive equipment and create your own farms.
- Huge costs of electricity consumption, as well as cooling the premises are excluded.
- There is no need to spend money on equipment maintenance and constantly maintain its stable operation.
A variety of cryptocurrencies
In 2014, user reviews of Genesis Mining forced developers to expand the list of extracted electronic currencies. Until this moment, only Bitcoin could be mined. The following currencies are currently available for mining:
- Bitcoin
- Litecoin.
- Dash.
- Ethereum
- Monero.
- Z-cache.
For convenience, the developers have added the ability to exchange all third-party cryptocurrencies for bitcoin when withdrawing to a personal wallet.
Tariff Plans
To start investing and start making a profit, you need to purchase the right tariff plan. The most important parameter that you should pay attention to when choosing is the allocated power. The tariff plan is a kind of contract, which is concluded for a period of 24 months. Throughout this period, the earned digital money will be displayed on your wallet. The contract can be selected from the already completed ones - Small, Medium and Large. Or create a new tariff plan specifically for you, indicating the required capacity.
Payment
You can invest money in the capacities for mining and concluding a contract through the payment system MasterCard, Visa, as well as the most cryptocurrency from the list of generated ones. Payment must be made in US dollars. Please note that the withdrawal of earned funds is carried out on a Bitcoin wallet.
What you need to know before starting a collaboration?
- A long-term contract is not a guarantee of high profit. If you have signed a contract for a certain amount of computing power, then after a year this volume will not be able to bring the same income as at the beginning of the contract, due to the increased complexity of calculations that occurs regularly.
- The agreement contains a clause, by agreeing to which you accept the condition that the money invested by you cannot be received back. At the same time, the service provider may unilaterally terminate the contract and cease to provide services, that is, deprive you of profit and keep money for yourself.
- The legal address of the company is located in Hong Kong, which is an offshore zone for the Russian Federation and several other countries. Thus, even in violation of legal agreements, the investigating authorities will not be able to apply any search actions in relation to the company itself and its employees.
- There is an opportunity to increase your income. For this, an affiliate program for attracting referrals is provided. All you need to do is bring to the service users who will become regular customers. To do this, they must be registered at your link. For them you will receive additional bonuses in the form of a percentage of their profits.
- At the same time, it is possible to mine several types of cryptocurrency, distributing computing power in a convenient interface. According to the creators of the service, due to such an architecture where you can make changes in real time, viewing accumulated funds is impossible. Therefore, you can find out your earnings only when receiving a payment to your wallet.
How to register at https: // www. genesis-mining.com?
User reviews indicate a simple registration process. To get started, visit the official website and get acquainted with the pricing policy, as well as available offers. Then go to the registration window. Immediately pay attention to the fact that the service is available in Russian. For successful registration, you only need to specify an email address and password.
Genesis Mining: personal account reviews
After a quick registration process, you will find yourself in a convenient personal account. As already mentioned above, the cabinet has a very clear structure. Before starting work, go to the Settings section and fill in all the information about yourself. For maximum account security, set "Two-factor authentication." This parameter will send an SMS with a code to your number every time an authorization is made.
Another important step is to fill out information about wallets. Go to the “Wallets” tab and enter your cryptocurrency accounts in the required fields. Pay attention to their correctness, because if you make a mistake, the money will go to another account and it will not work to return it.
More about withdrawals
Paid reviews about https www.genesis-mining indicate that the service does not quite cope with the current loads. The payout period has been increased to 72 hours. And this means that you can expect a transfer within three days. Payments must be made at the end of each day. Also pay attention to the mandatory minimum for withdrawal. Yes, each cryptocurrency has its own limit.
Representatives of the service also officially inform on their account on Twitter about the deficit of Monero and Ethereum currencies. But they promise to do everything possible to overcome a small "crisis".
Keep your hand on the pulse
One of the ways to always find out up-to-date and true information, as well as reviews about Genesis Mining, is on the official account on the Twitter social network. In the "Press" section of the official website, you can find information articles and news about cryptocurrencies. Also - read reviews on Genesis Mining from well-known and reputable financial organizations that work with the company. There is another information section - “Blog”. There are published news of the service itself. From this news you can find out about changes in the operation of algorithms, innovations and some convenient functions.
To track the amount of profit in your account there are special charts for each currency. Earnings are recorded on them daily, and then a curve line is formed, which displays the general dynamics.
Summarize
If you firmly decided to invest in cryptocurrency, but are afraid of the responsibilities that will fall on you when organizing a personal farm, then Genesis Mining is one of the best services that will free you from topical problems and allow you to focus on successful investments. To start investing, calculate in detail the possible profit, and if you still decide, immediately call your friends on the referral program in order to regularly receive bonus payments.