Genesis Mining With New Lower Prices for Bitcoin Cloud Mining Hashrate

9 Feb


The Bitcoin network difficulty is skyrocketing lately and as the trend continues buying ASIC miners or cloud mining hashrate at the old prices that were available for the last few months was not a very good idea as the mining profit dropped significantly even though the BTC exchange rate has risen as well. Today Genesis Mining has announced a significant decrease in the price of Bitcoin cloud mining hashrate as well as a reduction in the maintenance fee thanks to the deployment of new mining hardware. The new prices are as follows: $26 USD for 100 GHS ($0.26 per GHS) Lifetime Bitcoin mining plan, $499 USD for 2000 GHS hashrate ($0.25 per GHS) and $2400 USD for 10 THS ($0.24 per GHS). These new prices are for new purchases of hashrate at the service and they also come with new lower maintenance fee of $0.00055 USD per GHS down from the old fee of $0.00069 USD per GHS per day. This should make new purchases of Bitcoin cloud mining hashrate more profitable for the time being, though it seems that the total Bitcoin network difficulty is continuing to grow quite rapidly so you should think well before doing an investment in mining hashrate and that goes not only for cloud mining for BTC.

The cloud mining service still offers X11 cloud mining hashrate as well via GPUs, but it has been temporary out of stock of Ethereum (ETH) cloud mining hashrate due to the high demand that is associated with the recent serious jump in the price of the Ether coins. We are being promised that there will be new GPUs installed soon and more Ethereum cloud mining hashrate should become available for miners that are interested in purchasing such. If you decide to purchase some cloud mining hashrate do not forget that you can get an extra 5% discount from the regular price by using our coupon code CryptoMiningBlog5 during the checkout, so do take advantage from that special offer.

You can get more information about the different Cloud Mining Contracts by Genesis Mining here…

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16 Responses to Genesis Mining With New Lower Prices for Bitcoin Cloud Mining Hashrate


February 9th, 2016 at 14:18

You should not promote this company, I only see bad reviews on them and nobody looks reaching ROI. You are discrediting yourself.

Martin Wallace

February 9th, 2016 at 17:16

Of course they are lowering prices. Smart buyers are going to services like Hashnest instead and buying S7 hash, which has the best chance of remaining profitable after the block reward halving this summer. When the block reward is cut in half all of Genesis Mining’s bitcoin contracts will be worthless as fees will be higher than mining earnings. There will be much wailing and outrage when that happens, but it is in the contract fine print. It would be better still to wait to buy until this summer when new more power efficient miners come to market at Hashnest.


February 10th, 2016 at 04:12

I’ve been a customer of Genesis Mining for over a year and several months ago, I reached ROI.


February 10th, 2016 at 05:17

With the block halving coming and difficult increasing, the companies are developing machines that consumes less energy. I believe that’s why Genesis are reducing the cost of the contract and the fees.


February 10th, 2016 at 10:28

I am also mining with Genesis and I am a very happy camper.


February 10th, 2016 at 11:08

Lol, those comments :)

Easy, just buy a few GH (not a lot, you will lose), and see what are the payouts for months.

I lost several BTC with their Scrypt offer then one more with BTC offer. I’m customer since november 2014.

Buy little and look by yourself you will lose at least 75%.


February 10th, 2016 at 11:22


February 10th, 2016 at 14:02

Lol, I bought on Genesis and one BTC lifetime contract was cancelled because fees were more than payouts and the other is heading that way. I also had Scrypt hash that they killed too. Unless BTC goes above $500 or more you will never ROI with Genesis. It’s a fact.

If a “cloud” miner does not offer a market to sell your hash never give them money. Go to Hashnest if you must have cloud power.


February 10th, 2016 at 18:18

At Hashnest you can buy 1 GH for 15 collar cent atm, this will be even cheaper after the next diff. jump.
Also you can sell and leave when you want.


February 10th, 2016 at 19:37

Genesis have 100.000 customers. I can understand these haters on the comments.

The problem is the bitcoin diff growing. Not Genesis.

You guys should try Ether and X11 contracts. Such profit!


February 11th, 2016 at 00:39

The problem is Genesis not the diff.

Nobody is hating, just warning this is a scam.

How do you know they have 100 000 customers. All they pretend is bullshit : biggest hasrate provider (no proof and obviously false), 100000 customers (yeah 100000 is a nice number, no proof, they can say 1 million or whatever), and last but not least no proof of mining…

You know I can setup a website and sell hashrate with no datacenter, and I will be able to pay my customers more than what GM return (yes, for two years, nobody can ROI more than 40%, i.e. 60% loss).

I promise to return 90% if you give me your BTC :), it’s twice better than what they do, and I’m honnest because I tell you I sell nothing real.

And of course, they won’t really mine because it would be stupid to buy hardware and lose so much money. A clever company give you what you really earn by mining but without mining, because they know it cheaper for them, they know they just have to return a few percent what you paid then stop your contract. Finally if they were able to make money by mining they would mine for themselves.



February 11th, 2016 at 03:26

You throw around the word “scam” like it’s a fact, instead of just your personal experience. It’s not really Genesis’ fault you didn’t think through the contract and read the fine print on when a BTC or LTC contract is ended.

I on the other hand, did. Instead of buying “lifetime” contracts which end depending on the difficulty/profitability, I’ve been a happy customer with x11 and Ether contracts, and thanks to the recent jump in Eth price, will ROI waaaay ahead of schedule.

I think the “problem” is your own ability to think through your investment. :)


February 11th, 2016 at 10:01

“and thanks to the recent jump in Eth price, will ROI waaaay ahead of schedule.”

Hehe, let’s wait you really ROI please, Scrypt GM contractor experience talking, at the time I contracted, the ROI was about 150 day and finally 80 days after the closed it, I lost about 60%). Prepare to be disappointed.

And your point about Ethereum jump is nonsense because you already had x5 if you just have bought Ethereum before the jump, without the risk to be fooled by Genesis Mining.


March 19th, 2016 at 19:46

@brads: I made ROI today. Which gives me ~8.5 months of all PROFIT! :D :D

Like I said, studying the trends and making educated purchases is how you mitigate cloud mining risk, not blatantly blaming the vendor hahaaha


May 25th, 2017 at 15:30

Genesis Mining is a Fraud. Let me explain why.
I was new to this website.
I was apprehensive as they did not payout for the first 30 days – THAT IS FAIR as is mentioned in T&Cs if you pay by Credit Card.
I got an average 500 Dodge Coins for a 1.05 TH/s speed. This costs about 157.50 USD. This was constant for about 30 days.


DAY 1 – The price of Dodge coin went up by 30% on day one.
Coins production dropped to 400

DAY 1 – The price of Dodge coin went up by 75% on day two.
Coins production dropped to 300

DAY 1 – The price of Dodge coin went up by 100% of day three.
Coins production dropped to 200
NOW IT IS about 220 Plus as on (24-05-2017)

You are not mining number of coins… are mining value of coins.

WHAT A GREAT SCAM……THINK AGAIN WHAT I WROTE…..You are not mining number of coins… are mining value of coins….WHAT A SCAM.


Please email me if you have any questions.


June 21st, 2017 at 03:48

It is not a scam at all. You are really misunderstanding how it all works. You made a very significant and common error, which I cannot blame you for, as the site has some missing headings in my opinion.

What happened is you are paying for hashrate to hash sha 256 algorithm. So they mine bitcoin(BCN) which is on a sha 256 algorithm. Then if you choose to not take the BTC and opt to “mine” Dogecoin(which is a scrypt algorithm), all that is happening is they mine BTC and transfer it to dogecoin at market price before sending it to you. Therefore if BTC fails to rise in price at the same rate as the coin you opted for as your pay rewards, you will lose out on the exchange rates. :(

Also make sure to use BCN to deposit and also take rewards in BTC; or (ETH to ETH, etc.) unless you have a comprihensive understanding of exchange rates and the risks involved in these trading markets.

I would also like to mention to make sure to use a sturdy wallet with the capability to accept mining rewards. Although this is not 100% necessary, it will ensure your payment rewards.

I myself have seen ROI in just under 8 months and from here on it is all profit with their open ended contract. Yes there are fees involved and you will gradually mine less as the difficulty goes up to a point where eventually your daily earnings will not cover the daily fees. At which time the contract ends. I am far from this point even taking into account the future rise in block difficulty and increase in world hash rate.

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