News

Genesis Mining Launches Cloud Mining!

About Genesis Mining Company

Genesis Mining is a cloud mining service founded in 2013. Mining operations spread across Europe, America and Asia, but for security reasons, precise locations are not publicly available. A known data center of Genesis Mining is found in Reykjavik, Iceland.

Genesis Mining is among the best cloud mining services and contracts providers for popular crypto coins such as Bitcoin, Ethereum and many other coins.

”This will not end on a specific date as long as the mining contracts are life-long contracts, ie the contract is profitable.“

How Genesis Mining Works

Genesis Mining is a platform that allows miners to generate crypto-money without investing in expensive equipment or configuring software.

Genesis Mining then undertakes the task of building efficient and reliable mining areas that they rent to miners who want to profit from mining operations. To start mining, simply create an account on their website.

Payment options

Once you've opened an account and signed up, you can pay in various ways, such as Bitcoin, PayPal, credit card, or bank transfer, to pay for your chosen mining plan.

Prices

Genesis Mining Bulut Madenciliği Fiyatları

Genesis Mining Cloud Mining Prices

The first option will cost you $ 50 for two years 1 TB (Gold) Bitcoin mining contract.
2 TB (Platinum) Bitcoin mining contract amounts to US $ 250.
The largest mining contract for two years is 25 TB (Diamond) and $ 1,250. There are also Bitcoin contracts for five-year periods.

The remaining crypto currencies have 24-month contracts.

In addition, a 2-year contract, depending on the crypts excavated during the entire working period, a maintenance fee is charged.

Supported Crypto Coins

Genesis Bitcoin, the Litecon, I Etherea, Monero and other 24 crypto coins. Depending on the contract you have purchased, the service may differ depending on the package you purchased. crypto coins allows you to produce.

The service offers the ability to adopt any encryption that requires ASIC or GPU mining, either based on the Scrypt algorithm or business protocols.

X11 contracts also allows you to remove the following coins:

Bitcoin
the Litecon
dogecoin
Dash
the Peerco
the Startco
The Nameco.

So how profitable?

This is a concept that is completely variable. Well, we'il dig it. crypto money current value, excavation difficulty and hash rate are the factors that directly affect this profit.

What distinguishes Genesis Mining from other mining providers?

Genesis Mining Bulut Madenciliğini Diğerlerinden Ayıran Özellikleri

Genesis Mining Features that distinguish cloud mining from others

Any mining business requires a large financial investment, as it requires equipment for the mining of certain crypto coins. Using Genesis, you will be free to buy, build and maintain mine towers.

You will not need to deal with issues such as overheating, lack of space or fan sounds when you are conducting all your mining activities online.

With the hashpower you have purchased, you can choose which coin you want to choose, and you can also split your total hashpower into different coins.

Genesis aims to serve various miners by offering different packages of different sizes. The service has now combined more than 300,000 accounts.

Genesis Mining in Brief

Genesis is a cloud mining service that allows miners to buy the money they need to invest in, choose a profitable mine pool, configure hardware, or install the necessary software without having to deal with the necessity of investing in expensive hardware.

Source: Coindoo

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

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About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

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Plus Token scammers were said to have 200,000 BTC.

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Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

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Source: Cointelegraph