Genesis Mining Promo Code Referral Codes, Sign Up Bonus ✅️ Genesis Mining Bonus Code Coupon Rewards [2024]

How Does it Work?

Employing a remote data center with sharing data processing power, it creates and executes the process of mining bitcoins.

Users now would not need to purchase expensive hardware or 'miners' to mine bitcoins but rather leave it to these service providers who will mine it instead. It compares to the concept of an agency who takes care of all sorts of issues before the consumer starts using the service.

These data centers/mining facilities are owned and controlled by the mining companies itself, therefore, leaving the user to register and buy the mining contracts/shares.

Similarly, the Genesis Mining company, as mentioned in their website, provides services, to users; that is easy to obtain hash power without having to deal purchase and deal with complex hardware and software to setup and install.

One of the main core aims of GM company is to provide the most efficient, effective and reliable rigs to the clients for rent.

Steps to be a Part of the GM experience

• Register on their website and create an account.
• Fund the account through different payment methods via Bitcoin i.e: Amazon, Paypal, credit card, wire transfer
• Choose the best mining plan package suitable.

Perks for being part of the GM experience

• Well reputed and set up with data centers being empirical.
• Contracts available for many cryptocurrencies.
• Often sold out due to the popularity of its services.
• Most transparent cloud mining company.
• Registered with the SEC for being provided funds for Bitcoin.

LOGOS Fund

According to GM, the company has received abundant inquiries over the past two years estimate. Many users have started their own mining by using different hardware and carried out their own operations, however, this is not so appealing towards professional investors.

Therefore, the creation of the LOGOS Fund had started. It was considered a more professional approach which targeted wealthy investors attaining a high net worth. It was an initiative taken to entertain the investors and to improve the brand image of GM even further.

Pricing

As mentioned through their website, there are 6 types of cryptocurrencies (Bitcoin, Dash, Ethereum, Litecoin and Monero, Zcash) which GM provides along with the limited pre-sale packages such as Starter, Advanced, Professional and Custom plan.

Bitcoin - the most popular cryptocurrency that is decentralized and wide open for users to register. Using an SHA-256 algorithm and ASIC software, it can be traded with flexibility with other cryptocurrencies. Contracts provided are variable and are determined by two to three factors mostly. A fixed maintenance charge will be taken thus deducting from daily payouts in BTC.

Dash - An acronym for Digital Cash, it provides quick secure payments online or through the store using an open platform which is protected. Using an algorithm of X-11, which is written by ingenious programmers, it enables mining of other cryptocurrencies to be done simultaneously.

It has the feature of Autotrading (mining the most profitable coin at any given time and then trading it); which is then enabled for other cryptocurrencies. Contracts do not charge maintenance fees and consists of a 24 hour- interval period.

Ethereum - Using an eth-hash algorithm, it runs applications in a way that does not create obstacles towards issues such as fraud, censorship, breakdowns, or any political/third party interventions. Just like Bitcoin and Dash, it auto trades and runs on smart contracts.

No maintenance charge will be added to the contract time and most likely for the contract to exist for 24 months. Certain actions will be taken in order to mine out the most profitable coin with the given hardware on a best-given effort basis.

Litecoin - It comes second to Bitcoin's golden tales where it is fast, reliable and efficient which works more effectively with short-term transactions and day-to-day revenue expenditure. It uses the Scrypt algorithm and mines using ASIC software. Similar to Ethereum, it does not charge any maintenance fee and contracts are available for up to 24 hours.

Monero - Using an algorithm of CryptoNight, it makes an extensive use of ring signature to ensure that personal identities remain privately. It is built from scratch that is ensured to focus on 4 factors- users' choice, adaptability, privacy, and decentralization. No maintenance charges are available and contracts for a 24 month periods are provided.

Zcash - Applying a financial system that is not strictly monitored and open, it provides an auto-trade while using a software called 'Equihash' algorithm. It provides, like Monero, a 24 month interval period contract with no maintenance charges.

Through GM, it is possible to earn numerous coins depending on the contracts purchased.

Example: Using the X11 contracts, you can mine coins such as Bitcoin, Litecoin, Dogecoin, Dash, Peercoin, Startcoin, and Namecoin. With SHA-256 contracts, you can mine coins such as Dash, Zetacoin, and Darkcoin along with Bitcoin and Litecoin.