Genesis Mining was one of our first investments to start mining Bitcoin. We were attracted to this method of mining because of the low cost of getting started vs buying our own equipment.
Cost of Hardware vs Contract - You can start cloud mining for as little as $30, while mining hardware that will give you a good profit can cost upwards of $1,000.
Running costs and maintenance - running miners will increase your electricity bill because they have to stay cool. Genesis has farms in the coolest locations in the world and utilize green technology that keeps costs down.
We will continue to buy hash power to increase our mining profits - each time we purchase hashing power from Genesis Mining we pick a code from one of our members that are utilizing this method of mining as well.
What other cloud mining services are out there that we can share with our community? With the recent delay on payments with Genesis we are looking to utilize another service and diversify.
