Disclaimer
For those of you with a preconceived Notion of Genesis Mining, I'm going to keep this review as non-bias as I can. I will point out the positives, and the negatives of Genesis Mining. If you have a different point of view, please post so in the comments with a detailed reason why you have that point of view. Enjoy!
If you do decide to go with Genesis Mining, if you use code x3MSrc you will save 3% off your order
What is Genesis Mining ?
Simpily put, Genesis Mining is a cloud mining site for Bitcoin, Ethereum, Dash, Litecoin, Monero, & ZCash. The idea behind it is you pay them a certain amount and the lock you in for a 1-2 year contract and every day they send you a proportion of What you Mined
An Example of How it Works
*Go to website "https://www.genesis-mining.com"
*Create an account (Very Simple)
*Choose package
*Select your Payment Method
*Pay with USD or Crypto
Daily Payments
Every Day you will get what your hash power is mined and sent to the wallet address you applied
The Value of What You are Buying
- Pricing
For a $30 contract (2 years) - Calculating the cost of what you are buying. These are estimated savings from coinwarz.com. From the image below, you are putting in about $30 and are getting back ~$120 worth of ETH
The Good
*Easy to use
*Good Customer Support - I put in 2 service requests about issues/questions I had and they responded back usually within a couple of hours.
*Good Return on Investment
*Paying with crypto is very easy and quick
*Wide Variety of cryptos to mine
*Affiliate Code: Using an affiliate code you have the ability to make a very small amount of crypto and give out a small discount
The Bad
- You are putting faith in a 3rd party. If anything happens to them, you lose your investment
- You have to wait 2+ years to get your full amount you paid for.
- Paying with a credit card- I kept trying only to find my bank blocked Genesis Mining. I had to call them up and took 10 mins for me to get it unblocked, although you can pay with crypto
- Paying with Bitcoin- For those of you who don't know, bitcoin is very slow. I sent a payment with Bitcoin and it gives you 30 mins to process the payment. After 2 hours, the payment went through and I thought it didn't go through. Although the payment was saved and I didn't lose my Bitcoin, I was confused and like "I just wasted $30" until I saw it finally was accepted
*Overall Perception: If you google genesis mining, people either love it or hate it for the reasons above
Overall Rating
If you have patience and faith that Genesis Mining will still be around in 2 years, Genesis Mining is for you. It is overall a great return on what you pay into it and a good place to buy cryptos that is widely used. For those of you who like to get what you pay for right away, then I would steer clear of this website as it takes faith that it will be around and by the rate Genesis Mining has grown the last couple of years, I believe it to be.
Website: https://www.genesis-mining.com/
Affiliate Code to save 3% off: x3MSrc
If you decide Genesis Mining is right for you, feel free to use my code (x3MSrc). I basically make 0 dollars for what I post (so it will help me a little) and it will save 3% off your order. Again, this is only if you feel it is right for you and if you want to use another feel free.