Genesis Mining Review – CLOUD MINING ON STEROIDS

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Genesis Mining Review Genesis Mining is based in Iceland and has provided the most evidence for the existence of its mining operation.  Their data-center page contains videos of wide angle sweeping shots of its data centers, along with their employees installing bitcoin mining gear. Iceland also has one of the cheapest electricity costs at 5.54 US cents per kWh (source wikipedia). Genesis Mining Key Statistics: Payout Frequency: daily Annual ROI : 98% (Will start making money after 1 year) Cost: $190 USD per 1 TH/s Fees: $0.00055 USD per GH/s per day Contract Duration: “Forever” so long as it is profitable Genesis Mining Profitability Genesis Mining takes a flat $0.00055 USD per GH/s per day fee for their bitcoin mining services. Since the fee is pegged to the USD dollar but bitcoins prices fluctuate, the amount of bitcoins earned will greatly be greatly affected by bitcoin prices. For example in the month of June 2016, for a hash rate of 1000 GH/s : Bitcoin income: $1.78 USD Genesis Mining Fee: $0.55 Daily payout: $1.23 USD every day for 1000 GH/s of cloud mining power. If suddenly the price of bitcoins were to fall by 50%, then this would be Bitcoin income: $1.78 USD Genesis Mining Fee: $0.55 Daily payout: $0.34 USD every day for 1000 …