If you know anything about Bitcoin, you’ll know that it’s an investment you need to make right now.
According to the latest Bitcoin statistics on Coin Dance, since the start of the year, there has been an over 2000% price increase in the worth of the popular cryptocurrency. Even today, it’s worth continues to steadily rise having already hit the $18,000 dollar mark a piece.
In order to collect Bitcoins, you need to mine them by completing tasks online. Professional Bitcoin miners utilize complex software and hardware in order to complete this process.
So what happens if you neither have the time nor the money to gather these important Bitcoin mining necessities?
That is where a quality cloud Bitcoin mining service comes in to play, one of them being Genesis mining. Read on to discover what Genesis Mining is and whether or not it truly is profitable.
What Is Genesis Mining?
Before we can start this Genesis Mining review, we need to learn more about this cryptocurrency based company. Genesis Mining has been around since 2014, and it is considered one of the best and most legit ways to mine for bitcoins without the need to set up any software or hardware.
The only thing that you need to do create an account and start mining!
Is Genesis Mining Easy to Use?
When people first start getting into the world of cryptocurrency, they might find it difficult to navigate. However, as you’ll find out through this Genesis mining review, cloud mining services like Genesis Mining make it easy for everyone, even complete beginners!
Genesis Mining takes the complexity that is Bitcoin mining and turns into a simple to follow website that will have you turning a profit in no time. It’s been praised by many and is generally considered to be one of the most popular ways to mine for Bitcoins, Etherium, and other cryptocurrencies.
Furthermore, Genesis Mining has data centers all over the globe. In these centers, the hardware and software have already been set up, which means you don’t have to worry about the hassle of working out bit mining technology.
You can find some of their data centers here. However, it is only a fraction of them as Genesis Mining is dedicated to the security and protection of all of their customers’ information.
With so little to worry about, all you need is a computer to work from and a Bitcoin wallet to store your savings. Bitcoin wallets are so simple to set up, even the least tech-savvy of people can do it. You can get started with your own Bitcoin wallet here.
Is Genesis Mining a Legitimate Company?
The first question on most people’s minds when they hear about anything regarding Bitcoins and profit is whether it is legitimate or not. This is totally unsurprising, considering the number of Bitcoin scam stories that pop up on the internet every single day.
If this Genesis Mining review can give you one thing to take away, it’s that Genesis Mining is not a scam! The cryptocurrency mining company was started as a small, legitimate business by a handful of programmers and engineers.
They are genuinely interested in the future of bit mining and they want you to participate in it with them!
Furthermore, Genesis Mining is an incredibly popular company that is considered one of the best ways to mine for Bitcoins, so you have nothing to worry about when you use them!
Is Using Genesis Mining Profitable?
This is the multi-million-dollar question on every cryptocurrency experts’ lips. Is it worth using a cloud mining company and investing in Bitcoin?
Below, we’ve listed the profits and uncertainties involved with using Genesis Mining so you can make your decision.
1. The True Profits
In simple terms, Genesis Mining is profitable for what it is. If you wanted to set up your own mining system, you could potentially earn more Bitcoins.
But it is not that simple.
It is much easier to use a cloud mining service as they take the brunt of the costs of purchasing the Bitcoin hardware and software, along with electricity to run it.
Along with this, there are no fees for mining pools if you choose Genesis Mining as your way to harvest Bitcoins. This means you keep all of your profits you rightfully make whilst Bitcoin mining.
If you want to see for yourself just how profitable Bitcoin mining with Genesis Mining can be, check out this free Genesis Mining calculator.
2. The Uncertainties
There’s also the problem of uncertainty. With Genesis Mining, you are able to see any upfront costs involved in the venture. Unfortunately, there is no exact way of knowing how many Bitcoins you will retrieve once the contract ends.
But there are two reasons for this.
Firstly, with cryptocurrencies like Bitcoin, you have no idea when the price is going to fluctuate. That means it could take you a while to reap the rewards of your hard work.
Then, there’s the uncertainty of the mining power of the entire network. Also known network hash-rate, this is an incredibly volatile aspect of Genesis Mining and thus it has an overall effect on the number of bitcoins that are mined.
But there’s no need to panic.
Although these uncertainties may seem worrying, it’s not unusual to see them. After all, people invest in shares and property every day knowing full well that there are risks and uncertainties involved.
As long as you keep up to date with Bitcoin trends and news, you should be fine.
Summary of the Genesis Mining Review – Is It Worth It?
For what it is, Genesis Mining is worth using. Not only is it simple and safe to use, it is run by a small dedicated team of cryptocurrency experts who want you to profit. Sure, there are uncertainties, but it’s nothing out of the ordinary for cryptocurrency mining.
Want an exclusive discount for Genesis Mining you can’t get anywhere else? By simply using this promo code, you can a receive 3% discount every single time you mine!
For more information on this deal, click here!