Genesis Mining Review – CLOUD MINING ON STEROIDS

admin CLOUD MINING, Crypto Mining, Reviews 0 Comments

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 …

Bitcoin Awareness Campaign Launches Across Major U.S. Cities

admin Bitcoin 2.0, Bitcoin Awareness, Bitcoin News, Blockchain, BlockChain Technology Opinions, Crypto News, Peer-to-Peer 0 Comments

I often sit and consider what I would do on the off chance that I had a million dollars. When I chat with people about Bitcoin, they understand very little about it. The more I teach them on the benefits, the more they appreciate its value. Giving the regular person an “elevator pitch” on the benefits of Bitcoin technology is time well spent. It really doesn’t take long to enlighten someone on something so innovative and needed, worldwide. The average Joe is accustomed to the media telling them bad news about Bitcoin. Whether it is investigating its drop in relative worth versus the U.S. Dollar, or concentrating on the occasions like Silk Road or Mt. Gox. TV is still the predominant medium of North America and the world, and they call it “programming,” as they should. But perhaps the time has come to change channels when it comes to Bitcoin? Back to having a million dollars. Since Bitcoin is my primary concern right now, I think helping the world see exactly how it will change the world for the better is a noble thought. Why not make a bundle of TV advertisements that would highlight its numerous advantages? Why not …