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Great altcoins cloud mining service, Genesis Mining

Started By crazyivan , Jun 03 2014 04:01 PM
cloud miningaltcoin mining litecoin mining dogecoin mining cloud hashing cloud mining contracts cheap online mining

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#1

crazyivan
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Hey guys,
 
recently I have started using Genesis mining cloud mining and so far I am extremely happy with their service. I have purchased one of their contracts and returns I have received so far closely match those I get from my own rigs. In other words, you can have your online rig for a portion of money you would use to build your own machine. It gets even better, in case of cloud mining there is no heat, no electricity cost, no hardware failure, no pool downtime, no issues of any kind and trust me, all these problems can set you back a lot.  You just get your coins every day in your wallet, simple as that.  
 
I see a lot of people trying to get into mining, searching for the most profitable and the least complicated way to do so. Well, this is something I definitely recommend, especially if you are unable to devote big bucks to mining and purchase your own ASIC or bunch of rigs. The current lowest price is 9.4 cents per kh/s, they offer several predefined contracts, up to 100 mh/s. You can also create a custom contract depending on your needs.  Currently you can directly mine several different altocoins including Redcoin, Blackcoin, Litecoin, Doge, Auroracoin, Megacoin, Lottocoin, Feathercoin, Potcoin, Novacoin as well as Darkcoin and Bitcoin by using multipool and this number is going to increase in the future. There is also an option of always mining the most profitable coin and getting paid in BTC, a form of cloud multipool. They are about to provide X11 cloud mining in the future as well.
 
You can also allocate your hash power between different coins according to your preferences. 
                   
                                                                   J8thyF2.jpg
 
 
 
 
I use their "Advanced Auto-Trader" option, which is basically multipool, mining always the most profitable coin and being paid in BTC every day. However, we all know mining is not that exact science, prices change and difficulty changes. 
 
Also, their support is very friendly and fast, all in all, 10 out 10 service IMO. 
 
Now the best part, since I am their super, mega important client :):) they gave me a unique promotional Crazy Ivan discount code which I would like to share with you guys here. Whoever uses this code will get 3% discount on any purchase on their website. Here is the code: CI_DISCOUNT
 
                                                                       BDVqY8A.jpg
 
Here is the link if anyone would like to try: https://www.genesis-mining.com/
 
Happy mining!

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#2

crazyivan
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I also like their transparency, they have a lot of photos of their farm available online and they have been present on most of BTC-related conferences in the last few months. Most of other cloud hashing options do not provide this level of transparency. 


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#3

crazyivan
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Genesis mining is about to introduce which can be mined, Darkcoin. This is going to significantly improve their profitability IMO. Also, as far as I know, they are going to be the first cloud mining company which enables their users to mine X11 algo coins. 


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#4

crazyivan
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Very nice option introduced, now they allow payouts from their multipool to be in Bitcoins or Darkcoins. Personally, I am probably going to switch to Darkcoins, I think DRK price might go up in the future. 


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#5

crazyivan
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Genesis Mining have started accepting Litecoin in addition to Bitcoin, I think they are the only cloud mining service available which actually accepts Litecoin. Way to go GM. 


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#6

crazyivan
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Ok, Genesis Mining is adding another coin, there is pool on their Facebook page where users can vote which coin they would like to be able to mine.
 
The options are:
 
NovaCoin
TagCoin
Reddcoin
Potcoin
EarthCoin
 
Adding new coins is going to enhance their profitability and keep difficulty down having in mind entry of ASIC scrypt machines to the market. 

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#7

crazyivan
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Still quite happy with the service, ROI is between 4-6% per week, these guys constantly improve and add new coins and new options. I also like transparency a lot, they will send you
photos of their farm, you can contact owners, find their FB pages, see their presentations on several BTC conferences. So far, very nice. 

 

Also, Reddcoin is also available for mining, this coin was added a few days ago. 


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#8

crazyivan
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After 1.5 months using these guys, I am at almost 20% ROI, so I guess full ROI should be in about 5 months. Very nice. 


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#9

crazyivan
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More news, price goes down even more, here is their newsletter: 
 
Dear all,
 
We promised to constantly upgrade our infrastructure to the latest hardware and technology to bring the best service at the lowest possible price to our clients. Due to economies of scale and enormous growth in the last months we managed to close a deal with hardware manufacturers that significantly reduces hashpower prices to a level that has never been seen before in the market! 
 
Now you can start from 9.4 cent per kH/s per year!
 
As you all know we are engaging very hard for our devoted customers to get max profit out of your hashpower and to celebrate the new prices with you, we are going to give all customers who recently bought hashpower from us a free upgrade* :
 
- all orders after the 1st of July will be upgraded to the new terms
- all orders of the past week (June 26th) will be upgraded by 15%
- all orders starting from June 19th will be upgraded by 8%
 
The hashpower upgrade should be available within the next 24 hours.
 
We are also working on a number of features that will be released in the next few weeks. This includes among others: additional coins, the X11 hashing algorithm, additional mining stats and an improved user interface and many more. We will send out a detailed newsletter for everybody soon!
 
We are looking forward to an exciting future together with you!
 
Happy Mining,
  Genesis Mining

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#10

crazyivan
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Another coin to be available for mining is about to be added. No word which one yet.


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#11

crazyivan
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Users can now select to mine another coin - Blackcoin. 
Keep them coming guys. 

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#12

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Genesis Mining latest update, lower prices and LIFETIME CONTRACTS. These prices increase ROI big time.
 
Dear Community,
 
We worked hard within the last days to be able to make this announcement:
Thanks to our partnership with the hardware manufacturers we are able to lower the price for hashpower (scrypt and sha) to a level not seen before in the market.
We are also glad to tell you that we expanded our yearly contracts to lifetime contracts so that you can keep the purchased hashpower without any expiration.
For all of our devoted customers who supported us from the beginning on we want to say thank you! This has never been possible without you:
 
All customers who purchased yearly contracts from usw get a free upgrade to lifetime contracts after expiration!
 
 
Our new rock bottom prices are the following:
 
 
Scrypt:
 
Gold      :   1 Mh/s    -  17.99 USD (17.99 USD per Mh/s)
Platinum :  20 Mh/s   -    339 USD (16.99 USD per Mh/s)
Diamond : 100 Mh/s -  1,499 USD (14.99 USD per Mh/s)
 
 
SHA:
 
Gold       :    10 Gh/s      -    9.99 USD (9.99 cents per Gh/s)
Platinum  :  1000 Gh/s    -    989  USD (9.89 cents per Gh/s)
Diamond  :10,000 Gh/s  -    9790 USD (9.79 cents per Gh/s)
 
 
We currently have a lot of new features in the pipeline we are eager to announce! Stay tuned for the upcoming times. It will be great!
 
Your Genesis Mining Team

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#13

sfertedMrX
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After 1.5 months using these guys, I am at almost 20% ROI, so I guess full ROI should be in about 5 months. Very nice. 

Nice experience crazyivan


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#14

crazyivan
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Nice experience crazyivan

 

Thx, now ROI is even shorter, about 3.8 months since they have lowered their prices a few days ago. Definitely recommended!!! :)


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#15

crazyivan
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Another coin added to the list - VIACoin.  
Enjoy mining this great coin! Do not forget to use CI_DISCOUNT code to get 3% off the regular price. Take a look at the first post for more info. 
 
Happy mining!

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