Crypto’s Future: Genesis Mining Cloud Services

McCook added:
“There are so many things that bitcoin can do for us, we don’t know 90% of what it can do for us yet. These [use cases] will come out as smart people continue developing products.”

Trying Out the Genesis Mining Scrypt Cloud Mining Service


It seems we’ve been using Genesis Mining’s cloud mining services for two weeks already and have decided to do a short update on our experience with the service after our initial impressions form the service that we’ve shared earlier this month. You can see the list of transactions and payments we have received so far with 1 MHS worth of Scrypt hashrate at the service and the full hashrate set to BTC payments, so whatever the service has mined gets converted to Bitcoins and we get payed in BTC at the end of the day. As you can see from the numbers there are some days with better results than others, but you can get a good idea on what to expect as an average and be able to do the math multiplying the numbers for more megahashes if you are interested.
On a side note, the service as also started accepting DOGEcoin as a payment method for hashrate, though if you convert the 1 MHS price of $180 USD to DOGE the amount you get is quite big – 561909 DOGE (over half a million). And of course you already have the option to allocate the cloud mining hashrate that you purchase for mining DOGE in the control panel should you be interested in that. Initially the prices that Genesis Mining had for the Scrypt cloud mining hashrate were quite good, but with the latest price drops of the Scrypt ASIC miners you could be able to purchase Zeus-based ASIC miners for half the price for the same cloud mining hashrate. So this is something to consider as well when thinking about the possibility to go for the easier way of cloud mining, where you will not have to deal with actual hardware installation and management, including power usage, heat and noise generated by actual Scrypt ASIC miners.
When ordering hash rate at Genesis-Mining, there’s a field for promo code. Select the amount of hashrate you want to purchase (minimum currently is 1Mhs if you choose Custom!) and use this promo code: mtVLr1 to get for a 2.5% discount of the regular price.

Genesis Mining

The world's leading hashpower provider
User friendlyness?
+ Fast, easy and free signup
+ Fast and friendly support, quickly responding and resolving occurring problems
+ Investments as low as 1 MHS
Website functionality?
+ Easy to understand and to operate dashboard
+ Very well thought design and general functionality
+ Good Altcoin portofolio
+ Two factor authentification
+ Refferal / promo code system
- No option to trade or sell your KHS/MHS
Trustability?
+ Street adress
+ LinkedIN accounts
+ Pictures of their hardware
Price?
+ Low price per KHS
+ No hidden fees

Resources
Website: GENESIS-MINING.COM | SIGN UP | BITCOINTALK THREAD
FEATURED IMAGE COPYRIGHT © 2014 GENESIS-MINING.COM

Tags

Post a Comment

0 Comments