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Genesis Mining Overview:
Genesis mining was established at the end of 2013, considering as the leaders in the cryptocurrencies cloud mining. The Genesis office located in Hong Kong and the mining farms are located in Europe, America, and Asia.
Genesis mining guarantee 100% uptime, their algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss.
The uniqueness of genesis mining is the supporting of Altcoin mining, the user can even decide to allocate the hashpower between the coins. For example 70% BTC, 20% LTC and 10% DOGE
Mining coins possibility: Bitcoin, Unobtanium, Dark, Litecoin, Dash, Zetacoin, Startcoin, Dogecoin, Peercoin, Namecoin and Etherium.
At some of the mining contracts (SHA256) there is maintenance fee to cover the mining costs: electricity, cooling, hosting etc..The fee is being calculated per GH/s and automatically deducted on a daily basis, each contract has its own maintenance fee. The Genesis mining contract is for "lifetime" – as long as the payouts covers the maintenance fee.
- credit card (Visa / Mastercard) Minimum 50$, for orders under 100$ a fee applies.
- Bank wires in USD / EUR
- Cryptocurrencies: Bitcoin, Litecoin, Dogecoin and Dash.
The first payout will be proceed after 48 hours and than a daily payout to your wallet.
Please note: if you purchase with a credit card your account will be held for 30 days till the first payout due to credit card security check.
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What is Bitcoin?
Bitcoins is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called Bitcoins. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
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