Genesis Mining Reviews

Genesis Mining is a Hong Kong registered cloud mining company founded in 2013. It owns mining farms located in America, Europe, and Asia. Genesis Mining offers lifetime mining contracts for Bitcoin, Namecoin, Startcoin, Peercoin, Dash, Dogecoin, Litecoin, Darkcoin, Zetacoin, and others. It provides a cloud app that saves users the time and hassle of setting up a mining rig. It also offers the freedom and flexibility to trade between several coins and currencies. Genesis Mining has several start-up fees depending on the level of contract you want to engage in. It is registered with the SEC for a Bitcoin mining fund, indicating that it provides the services it offers honestly. Genesis Mining is great for those who want to mine without having to go through the stress of setting up a rig at home or choosing a bitcoin mining pool, software, and hardware. The profitability of Genesis Mining contracts is subject to change due to factors like each coin’s price, hash rate, and network difficulty. Genesis Mining stands as the first game within the BitWorld ecosystem, promising to fill up more interesting energy in the community. It provides a user-friendly platform for individuals and enterprises to participate in the lucrative world of cryptocurrency mining. With a wide range of mining contracts and a robust infrastructure, it promises a streamlined and efficient mining experience. Please note that as of 1st of March 2020, The Genesis Mining platform is only available to existing customers. They are currently not onboarding new customers. For more information, please visit their official website.

Pros of Genesis Mining:

• Easy Access to Mining: Genesis Mining offers easy access to small, medium, and large mining contracts, making it convenient for users to participate in cryptocurrency mining without the hassle of buying and maintaining mining equipment.
• Multipool Techniques: The company uses multipool techniques to automatically convert altcoins to Bitcoin, which are daily transferred into customer wallets.
• No Setup Fee: Genesis Mining does not charge a setup fee, making it an attractive option for those new to cloud mining.

Cons of Genesis Mining:

• Mixed Reviews: The company has received mixed reviews, with some users reporting positive experiences and others claiming it is a scam. The average rating is 2.4 out of 5 stars based on 11 reviews.
• Profitability Concerns: Many reviews suggest that investing with Genesis Mining may not be profitable in the long run, as the costs of maintenance and electricity can outweigh the potential earnings.
• Customer Service Issues: Several users have reported difficulties in withdrawing their profits, with some claiming that the company stops answering calls and emails when withdrawal requests are made.
• Scam Allegations: There are allegations of scams, with some users reporting that they were asked to pay additional fees to access their funds, which is a common red flag for fraudulent activities.

Conclusion: While Genesis Mining offers convenience and ease of use, the mixed reviews and profitability concerns make it a risky investment. Users should exercise caution and thoroughly review the terms and conditions before investing.