Website Review : SCAM or LEGIT?

Genesis-mining.com Review SCAM or Legit?

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Genesis-mining.com Review SCAM or Legit?

Summary

User management: Web
Company transparency/support: Legit
Payment options: BTC, BHC, LTD, DOGE, DASH, ZEC, CreditCard
Reward type/share/pool: NA
Cost electric power per TH/day (btc): 0.03 USD
Contract price per Th/year (btc): 52.25 USD
Earning return: NA

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User Review
0 (0 votes)

Status: PAYING

Pros

  • Active since 2013
  • Mining of six types of cryptocurrencies.
  • Large selection of plans.
  • Affiliate program 2.5%

Cons

  • No online calculator on their website.
  • Many Genesis mining users have complained that it isn’t profitable anymore.

Company Information:

Genesis mining has been in operation since 2013. It was founded by Marco Streng, Marco Krohn, and Jacov Dolic. They are having 2 million users at the moment. 

Head Office Address: 

Genesis Mining Cloud Services Ltd.
Trinity Chambers, P.O. Box 4301,
Road Town, Tortola,

Payments are Processed by:
British Virgin Islands
Genesis Mining Iceland ehf.
Company No. 521016-0430

Borgartúni 27, 105 Reykjavík, Iceland

Genesis mining offers their crypto-mining services to small and large-scale clients. 

Genesis Mining has a very aesthetically designed website with user-friendly scrolling features. They have provided videos and images of their mining farms on their website. They have also been covered by major media outlets like CCN, Business Insider, CNBC, The Economist, Coindesk, among others. 

Product Information:

They have grouped their pricing plans in two categories and these are: Radiant Classic & Radiant Zero. 

The Radiant classic plan comes with a 30 month of guaranteed run time and they also deduct a fixed maintenance fee from all 30 months of contract duration. The maintenance fee is fixed at USD 0.03 per TH/s per day. 

You can sign up for any of the four plans that are part of the Radiant Classic mining contract. These plans are:

  • #1. Gold Plan ($209.00) – 4 TH/s
  • #2. Platinium ($999.00) – 20 TH/s
  • #3. Diamond ($4969.00) – 104 TH/s
  • #4. Custom Plan (You can create a custom mining plan)

Radiant zero plan does not charge a fixed maintenance fee. There are four sub plans that you can avail under the radiant zero mining contract.

  • #1. Gold Plan ($221.50) – 3 TH/s
  • #2. Platinium ($997.50) – 13.5 TH/s
  • #3. Diamond ($4969.00) – 67.5 Th/s
  • #4. Custom Plan (You can create a custom mining plan)

It also offers multiple payment options. 

They use SHA-256 algorithm-powered specialized ASIC-Hardware for mining regardless of which plan you choose. 

Genesis mining uses a combined network of mining infrastructure, algorithm-based trading framework, and Genesis Hive, their proprietary mining time-management software helped them become an industry leader in record time.

Conclusion

Genesis mining is a legit crypto mining company. They have been pretty transparent about their mining facilities and have provided details about the company’s office and mining farm locations on their website. 

The only caveat is that they haven’t provided any information about expected returns on investments. There are some questions on the web regarding Genesis mining’s profitability. However, there are no questions about its legitimacy. Overall, Genesis mining is a trustworthy company. 

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.
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