Site Genesis Mining Cloud is a digital Service for currencies Cryptocurrency offers an easy way and safe to buy hashpower without having to deal with complex hardware and the preparation of programs and provides mining services and hosting and a variety of solutions for cloud mining customers, here we offer explanation site Genesis Mining Cloud Mining.
Customers who currently have open subscriptions and are not earning enough will face two options, either to upgrade to a new premium account with a five-year subscription, or to lose service. The cloud mining website Genesis Mining explained by pointing out the increasingly difficult energy requirements associated with mining and the company said that as a result it had had to reconsider its policies.
The new five-year contract at Genesis Mining will not have an option for early termination, although the company's fees per trillion split-second will drop from $ 285 to $ 180.
And Genesis Mining, a cloud mining website, stated in its blog post that “Unfortunately, Bitcoin went into a downtrend a few days ago. This trend combined with the greatly increasing difficulty has reduced mining output even further. As a result, some user contracts are now mining less than the cost of covering daily maintenance fees, and therefore they have entered a 60-day grace period for the upgrade, after which the open contracts will be terminated. ”
Genesis Mining is the latest mining company to announce that some of its clients have proven not to be profitable; Hashflare announced that it will shut down its bitcoin mining division for similar reasons last June. In the case of Hashflare, the user's contracts were canceled and the bitcoin mining process closed because the payments were less than maintenance for 28 consecutive days.
What is cloud mining
Genesis Mining Cloud Mining website explained .. Cloud mining operations are dedicated mining data centers that lease retail power to cryptocurrency miners, the essence of the service is that the third party (the hosting company) hosts the mining equipment and gives you the same benefits that you will get when you buy mining hardware in your home. But, what defines cloud mining is that you don't need to fill your home with computer equipment, and you don't have to deal with noise, heat, energy costs, and maintenance of mining equipment.
Genesis Mining Cloud Mining Explained
- Genesis Mining Cloud is the founding partner of the Logos Fund, which is the first-ever Bitcoin mining fund to invest in Bitcoin mining . Logos Fund relies on the strong experience of its Genesis Mining partner in the market, its high reputation in the industry, its knowledge and advanced technological capabilities.
- Genesis Mining was established by the end of 2013 and with more than 2.000,000 users currently, the multi-algorithm cloud mining company is the world's leading and operates several mining farms located in Europe, America and Asia.
- The genesis-mining company provides daily payments of cryptocurrencies during the past five years, and over the years it has expressed that it has processed each payment due to the service and promise to its esteemed customers and thus is considered a source of confidence as there is constantly improving the system and working on solutions that will eliminate the problems that persist in Emerging As a result, the company has put in place a team working around the clock to ensure that all payments are received in a timely manner.
The method of work:
Genesis Mining Cloud Mining Explained .. Once you purchase a contract, the contract will be added to your profile, and you can start mining immediately depending on the blockchain algorithm you choose and conclude the relevant mining service agreement you enter. The first mining output is released after 48 hours, then production will follow. Daily mining Profit from mining will be processed daily and sent to your account within 24 hours after the mining day ends.
payment methods:
1. Credit Card (Visa and MasterCard)
2. Bitcoin, Litecoin , Dogecoin , Dash, Bitcoin Cash
Fee:
Maintenance fees and all mining-related costs, including the cost of electricity, cooling, maintenance work and hosting services. Fees are specified in US dollars, but they are deducted from the daily mining bonuses extracted from on a daily basis. You can see the details of the maintenance fees for the contract you have chosen in the terms of service before the purchase.
Buy an open contract:
The exact duration of an open-ended contract is variable and is determined by three factors: mining difficulty , Bitcoin prices against the US dollar , and daily maintenance fees The first two factors are not controllable and unpredictable, but the company publishes the latest mining technology to keep it running at its maximum capacity.
Minimum withdrawal amount:
The mining output is done daily, but you will not receive the nang until after collecting it to a certain amount. These outputs are set to the minimum amount of mining in order to avoid customers paying excessive fees. You can visit the section "MY ACCOUNT - SETTINGS - wallet" in your account for more details about The minimum withdrawal amount for all available currencies and Bitcoin, the minimum withdrawal amount is 0.025 BT.
Coin mining:
How can you extract different currencies at the same time?
Explanation of Genesis Mining Cloud Mining Website .. Genesis Mining allows itsclients to mine different types of coins at the same time and you have to decide which coins you prefer and you can customize hashpower accordingly.
In order to obtain mining output, please make sure to add the wallet address (s) to your Genesis Mining Profile and find out more details on how to add your wallet (your wallet) in the next section.
How to add wallet addresses to your Genesis Mining profile?
In the "MY ACCOUNT" menu choose "SETTING" then "wallet". Here you can set wallet addresses for each type of currency.
Registration method:
First, we go to the official link of the Genesis Mining website and click on start mining now.
Add the email and password and then duplicate the password and verify the captcha, then click on sign in.
After completing the registration process, log in to your account on the site, and this main menu appears for you.
Site purchase plans
There are 3 plans.
1. 5-year investment plan >>> Bitcoin.
2. 2-year investment plan >>> Ether.
3. A 2-year investment plan >>> Dash, Bitcoin, and Dollar X11.
Now after choosing the investment plan, you can choose the Bitcoin, Ethereum, or Dash plan, or you can choose two or three plans
Payment method:
As we explained before, you can pay by credit card, Bitcoin, Litecoin, Dogecoin, Dash, Bitcoin Cash by selecting the option as number 1 and then pressing No. 2.
If this page will appear, which is an example of a method of payment by bitcoin and as shown the value of the bitcoin for the three plans that you have chosen or one plan, or you can choose up to two plans and put this code lxHTcB in the Promo code box and press validit to get a discount of 3% and it is preferable to put the code Manually without affixing as it is in the letter of the cable and the name in order to activate the code and benefit from the discount and on any payment process, you can also benefit from it.
We click on accept the terms and press confirm the payment process.
Now you can start your own mining strategy.
Discount code:
Explanation of the Genesis Mining site for cloud mining .. Put this code lxHTcB in the Promo code box and press validit to get a discount of 3%. It is preferable to place the code manually without affixing as it is in the letter of the cable and the name in order to activate the code and the code is placed on any payment process so that you can benefit from him.
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