Genesis Mining has stood the test of time, consistently delivered payouts, and provided me great customer service. This is my review of Genesis Mining based on my experience during the past eight month of mining Ether.
Results from Eight Months of Mining
I have the following contract with Genesis Mining
- Ether, one year mining contract.
I projected that
- I could lose all my investment.
- It could take a total of 18 months to earn back my investment.
- I could earn back all my investment in Ether mining before the contract expires.
Of course the amount of time to earn back your investment depends on the price of the cryptocurrencies being mined.
In eight months, I tripled my investment. Not bad.
Changes at Genesis Mining Since I Started Mining
There have been some changes at Genesis Mining in the last eight months.
Ways to Purchase Mining Contracts
Genesis Mining has added a few new ways to purchase mining contracts. You can now purchase mining contracts using:
- Credit Cards (VISA and MasterCard)
- Bitcoin
- Wire
New Contracts
Genesis Mining has expanded the types of mining contracts they have. They currently mine
- Bitcoin (sha256 contract)
- Dash (X11)
- Ethereum
- Litecoin
- Zcash (out of stock)
When I went to their website today, contracts available for purchase are
- Lifetime Bitcoin Mining
- 2 Years Dash Mining
- 2 Years Ethereum Mining
- 2 Years Litecoin Mining
- 1 Year Zcash Mining
Customer Service
I have had consistent payouts from Genesis Mining. No problems in that area.
I did have the typical user problem where I locked my account when I did not type in my username and password correctly. Getting my account reset so that I could get back into my account was secure, fast, and easy.
Upped My Hash Rate + New contract
This week I increased my hash rate for ETH mining. I also took a 2 year Dash mining contract (X11). Why? While it is risky to invest in cryptocurrencies and the payouts are regular, it does provide me a long-term stream of income for as long as Ethereum and Dash are mined. My time horizon is a long-term horizon.
Affiliate Program
Genesis mining has an affiliate program that gives buyers a 3% discount on the contract price and an increase in hash rate for the affiliate.
If you are interested in Genesis Mining
- Click here to create an account at Genesis Mining.
- Use the promotion code j3SbkT for a 3% discount on your contract purchases.
There is so much more information available at the Genesis Mining website.
Thank You!
If you like this post, you can upvote, follow, share, and re-steem this post. Thank you!
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/bitcoin/@etcmike/genesis-mining-review-my-7-months-of-mining
Hi, Thank you very much for your post, dear Robot. With a great "R", because I find your trick excellent (of is it an algorithm?) !! Congrats ! In fact, the post you shared inspired me and that's why I used the structure to talk about my own good experience. I liked that post but didn't find the button to reply. I am a new steemer (less than 24hrs) and am discovering how everything works. Thank you very much for asset and I hope we can stay in touch. Best regards.
I found this article interesting on Genisis... https://99bitcoins.com/genesis-cloud-mining-review-scam-legit-investment/
Thank you very much for sharing. I will read it. Best regards.
Really got into Genesis mining a few weeks ago for ETH and was did them in bigger bulk buys, but I started doing it just $25 increments so I could use other people's affiliate codes and hoping they will use mine next time too!
I just used yours, it was only for +1 MH/s for ETH at $25 but looking to spread the love! I followed you also, trying to connect with people here on STEEMIT!
Next time you upgrade your hashpower use my code! NkQanX
I returned the favor ;) I'll keep your code for another upgrade in the future :)
Awesome, I have you on my rotating list too!
Thank you very much. I promise, I'll upgrade with your code ;) Take care.
no worries, thanks for the response and the love! haha
Nice! Did you set the payout as DASH or BTC?
I set the payout as DASH and ETH.
Heyy, i used your Promo Code for a Dash Contract. Perhaps you could use my code in the foreseeable future;
Here is my Code - ZgOGvz
Thank you!
I used your code for my upgrade in Ether ;) We'll keep in touch :) If you want to upgrade again, my code is still j3SbkT ;)
Awesome ! Thank you, i was considering mining Eth, especially over news that they want to move Proof-of-Stake making this the excellent opportunity to mine Ethereum. Will most likely get it soon!
Oh damn i got mine first Hashrate for Ethereum because of you! Appreciate it!
Great ! Yesterday, I upgraded my Eth mining on Genesis. I also believe this is now an excellent opportunity to mine Ethereum.
Thank you very much. In the foreseeable future, I will certainly use your code ;-) It's already stocked ;-)
Good text and content!
Thank you very much :)
I have recorded all of the codes on this page for use when BTC contracts return.
You're welcome to also use the code "X08nQ7" to get 3% off every Genesis Mining contract. Thank you ^_^
Thank you very much. I will also record your code for an upgrade when it will be possible. I should now focus on my health recovery but I remain positive and hope it will happen in 2018. Thank you for your support. Best regards.
You're very welcome and thank you for your support too.
You're welcome and I hope your health improves too.
Thanks for this, nice post, really appreciated it. I've recently start with them and i'll see whats going on! I've take a 0.6000 TH/s BTC plan but i find your post too late to use the promo code. If your code still the same i'll use it in the future!
Here is mine: w5Xxmo
My pleasure :) Yes my code is still the same. Of course, I'll use yours too :)
Hi, I used your code just now for 10TH, 2017-08-06 09:51:58.
my 3% discount code is: fAvu7iQh
Hi @sayembara. Thank you very much for using my code.
I added you to my upgrading rotation list and made an upgrade with your code (you will soon receive a confirmation from Genesis Mining).
You can be sure I will use your code for next upgrades ;-)
Happy mining and take care.
Best regards :-)
This my Genesis Mining promo code for 3% discount ALQ3jY. Thanx to anyone who will use it. Good luck with Bitcoins!!
Hello @grandevasco. As soon as you use my code j3SbkT, I will use yours ;-) Good luck to you to. Best regards.
Hi, If you want invest again, please use my promo code : ghJIoy
Thanks you
Hi, Of course. As soon as you use my code j3SbkT and let me know, I will certainly use your code. Thank you and best regards,
hello! i startet mining on Genesis a few days ago! i like it!
maybe someone helps me a little bit and use my PromoCode: cnJtig
Thanks @ all!!
Very nice. I hope the best for you. We'll stay in touch ;)
Your experience is negative and I respect that. Even more, I would like to hear about your negative experience. Can you explain me why you call Genesis Mining a Ponzi scheme ? Please, englight me. I published that post because my experience is very good. If in the future, it turns negative, I will certainly post about it. Please, explain me why you don't like Genesis Mining.
Unfortunately, many people make the mistake of not reading how Genesis Mining's contracts work. With the rising mining difficulty, their Bitcoin contracts are most likely to return positive results because they have no expiry date. However, due to their maintenance fee, if you want to profit from them then you need to buy a large quantity of hashpower. If you only buy a small amount, it's likely their fees will end up eclipsing your hashpower's production rate before you are able to generate a significant profit. This will automatically cause your contract to end.
Absolutely. Thank you for your detailed explanation. I can't agree more. Best regards and happy mining.