Genesis Mining Review: is SCAM or LEGIT? Largest Bitcoin Cloud Mining provider


Hello BitInvestors, Today we'll be reviewing one of the oldest and most reliable Cryptocurrency Cloud Mining provider out there and that is Genesis Mining (

Aside reviewing to ascertain if the company is LEGIT or not, we'll also talk about it's PROFITABILITY because for sometime now we've seen several gurus tell investors it's not profitable and this scares away investors most times, and they're not far from the truth so it's profitability is very very vital, afterall we do business to make profit right?

Genesis Mining Logo

Goodnews is We've got a 3% OFF discount code for you. Meaning you'll get 3% off your purchase of hash power or mining power, So here it comes, hope you'll love it.

Register Here and apply this discount code for your next purchase.

Discount Code: 14jzuu

Company Overview

Genesis Mining is a bitcoin and Altcoins cloud mining provider that has been in operation since 2013 and has been paying till now 2019 (That's 6years or more in the industry). Genesis Mining was founded at the end of 2013.
The founders of our world-class cryptocurrency company got to know each other by using the same platform for buying and selling Bitcoins. As our cryptocurrency mining company and its user base grew, new mining farms were built up and several additional people hired, specifically programmers and engineers.

For the record, the company has over 2 million (2,000,000) investors, that's a great thing to be proud about.

For Newbies, the whole mining thing sounds somehow so lemme just try and explain.
The crypto network requires machines to do some sort of mathematical work in form of confirming transactions within that Cryptocurrency network which is known as mining, so the miners earns that Cryptocurrency as reward once they confirm the transactions.

Now, this is way too technical and too much for wanting to earn passive income so you're not considering buying your own machines or maintaining some sort of hardware or Looking for a mining pool and blah blah blah.

So the best option for us as investors who wants passive income is Cloud Mining!!
So this brings us to looking at knowing What Cloud Mining is:
Cloud Mining is the process of bitcoin or altcoins mining utilizing a remote datacenter with shared processing power. (This type of cloud mining enables users to mine cryptocurrencies without managing the hardware). - Wikipedia

Genesis Mining is an easy and safe way to purchase hashpower without having to deal with complex hardware and software setup. Genesis Mining specializes in building the most efficient and reliable mining rigs that can be rented. Plus, they have experts for cooling and maintaining data centers.
The current members of our bitcoin mining team come from different scientific disciplines, but our common faith in cryptocurrencies has brought us together. We are all strong believers in the future of digital currencies and we love being part of this growing community!

I believe One of the things that have contributed to the success of genesis mining is knowledge and experience. The company always has a plethora of programmers and engineers with which it can boast with. Many hardware developers also come to them for partnership and that has always helped it to remain in business even when times are hard.

Marco Streng, Jakov Dolic, and Stefan Schindler are all among the people at the helm of the company’s affairs. These are not fake names as you can see on the site that their pictures and contact information are all provided. Some of these directors are mathematicians while some are successful entrepreneurs in different walks of life.

Genesis Mining offers you a smart and easy way to invest your money.
Our bitcoin mining system is suitable for those who are new to the world of crypto currencies, as well as for cryptocurrency experts and large-scale investors. Genesis Mining is the World’s first large scale multi-algorithm cloud mining service offering an alternative to those who would like to engage in Bitcoin and altcoin mining. We are a team of experts in the digital currency sector, and our bitcoin mining algorithm is designed to provide the most efficient and reliable bitcoin mining rentals.

Is Mining With Genesis Mining Profitable? 

The answer is a YES, Because It's better than just keeping funds in a savings account. Imagine earning from 30% up to 80% in pure profits Anually. And it's possible with Genesis Mining.

Note that in 2018 Crypto prices plunged changing the mining sector forever, Investors lost funds as contracts became unprofitable on older hardwares or due to price changes.
Companies like Hashflare even went as far as cancelling investors contracts for a period of time, Hashing24 allowed investors to pay their own maintenance (Electricity, Cooling e.t.c) fees to keep their contracts.

Newer, Smaller and more profitable companies like DUALMINE E.T.C quickly dominated the market.

But With the introduction of the Genesis Mining Radiant Technology Plans which has up to a 5 years term, Imagine Earning 30% in pure PROFITS annually for 5 years.
According to genesis mining "No matter which package you choose, you are renting the latest technology, which guarantees profitability for as long as possible. Also, the rigs you rent consume very cheap electricity and are cooled efficiently, thanks to the optimal locations of our farms. To top this, there is no waiting for delivery and no downtime, which means you are not wasting even a second of mining. Time is valuable, but it is more valuable on the Bitcoin market.."

From my experience genesis mining currently pays between 8% - 15% on average monthly on your invested funds after maintenance fees.

This is Just a range and not some sort of  fixed as returns from cryptocoin mining are determined by the price of the cryptocurrency and mining difficulty.

Mining has no fixed ROI since crypto prices can plunge leaving you with little profits in dollars or sky rockets leaving you with lesser profits in terms of the crypto.


Genesis Mining Limited has two major offices, one in Hong Kong and the other in Iceland. The Hong Kong office is at Chinachem Century Tower, 31/F, 178 Gloucester Road, Wanchai, Hong Kong while the Iceland branch is at Borgartuni 27, 105 Reykjavik Iceland. Both branches have some powerful hardware that validates every Genesis Mining review we see on the internet.


Apart from monitoring sites, Genesis Mining Company has an advantage of being appraised on some of the most authoritative sites on finance matters. They include The Huffington Post, Business Insider Coin, The Economist, CNBC, Coindesk, International Business Times, and Bloomberg Business.

Many mining farms is a robust company with several mining farms. This is of utmost benefit to you as an investor because it guarantees maximum uptime, even when some centers may not be fully functional. Instead of closing down when a mining farm is no longer functional, your profits will rather be reduced until things get back to normal. This is one feature lacking in many other mining centers.

Mine Bitcoins and several Altcoins

Apart from bitcoins, this Genesis Mining review also indicates that you can also mine altcoins. The altcoins available in Genesis Mining include Litecoin, Dogecoin and others. We discovered that you can mine the different cryptocurrencies at once. For instance, you can start mining bitcoin, Ethereum and Monero immediately after creating your Genesis-mining account.

This tells you why almost every Genesis-mining review you have come across speaks volumes about this mining company.

Some altcoins mined by genesis mining  includes Dash, Litecoin, and Zcash as some of the other cryptocurrencies offered by, but it appears that some of the packages are presently out of stock. The company will probably resume its activities on these altcoins in the future.

Affordable Plans

It would be inappropriate to give a full Genesis Mining review without mentioning how much the company sells its packages. One thing you should know is that the plans are not the same for the different cryptocurrencies available.

To mine Bitcoin, you would need at least $100 to start with.
Although it's slightly lesser at about 78$ with radiant classic and 85$  with radiant gold for their bitcoin mining contracts.
For now Bitcoin contracts are unavailable and you can choose from other altcoins but you can always check their website for current info on this.

Customizing your Plan
For every product offered by, you can make a customized plan of it. That means that if you have something in mind that is quite different from the stated plans in each case, you can still approach the support team with your idea. Each of the cryptocurrencies considered on Genesis Mining has its own custom plan. You can choose custom plans higher than the starters for each of them.


Credit Card Payments: accepts VISA and Master Card payments. Orders above 50 USD don’t attract any fee. And it will take up to 32 days to get the first profit. has this in its Terms of Contract because it wants to curb credit card fraud.

However i would recommend you use this over cryptocurrency payments.
$1000 from your banks seems like $980 In 1 year but imagine Investing 1BTC @ $5000 then seeing BTC @ $20,000 In 1 year.

Cryptocurrency Payments: Use Bitcoin, Litecoin, Dogecoin or Dash anyhow you want to. You can pay in one cryptocurrency and auto trade it for a different cryptocurrency. That is the beauty of choosing Genesis-mining.

Fast Customer Service

To serve their customers well, has created a support ticket online so that queries can be submitted. If you have questions not addressed on the FAQ section, feel free to address it using the online support form. You can find it on the “customer service” page.

Affiliate System has a unique affiliate system. First of all, every registered member receives a promo code on his or her dashboard immediately after registering. You need to tell your friends that they will be given a 3% discount on all purchases they make with your discount code. In turn, you will get a hashpower upgrade.

The upgrade you get depends on your current affiliate rank. At rank 1 (the starter tier), you will be given 2.5% of the quantity of hashpower your referral buys. That means that if they go for 10 MH/s for instance, you will get 0.25 MH/s free of charge, and this will be used to determine your next earnings.

There are 8 ranks in the affiliate system. You will get to the next rank after the starter rank when you have generated $100 in successful referrals.

On rank 2, you will be paid 3% of the quantity of hashpower your referral purchases. The upgrade increases up to the 8th level if you keep working hard.

How to get started

To participate in Genesis Mining, all you have to do is to register on After the registration, you can choose any of your preferred e-currency to purchase your hash power. You will then be qualified to receive daily profits and make an authentic review just like others who have already started benefiting from the company.

Register Here and apply this discount code to get 3% off on your next purchase.

Discount Code: 14jzuu

Conclusion is doing well. It has a structure that makes it look like it will never be classified as a scam. Even though daily payment returns are unknown at the point of participation, you can be assured that you will have profits every time. By reading one review to another, you will come to agree that this mining company is indeed one of the best in our time.

I personally will recommend you use this company and invest your funds if you care about making profits for the long-term.


Last Updated 19th June 2019