Due to the high cost of equipment and the associated costs of electricity and the internet, mining has become a difficult activity. This is why the practice of mining has been concentrated in a few locations around the globe, where electricity costs are sufficiently low to make mining profitable. Cloud Mining is a result of these problems.
Genesis Mining is a legitimate Bitcoin and altcoins miner that charges no hidden fees. They offer transparent transactions and are now offering aid conferences for anyone interested in cryptography.
Genesis Mining allows you to mine ETHER, BTC, and LTC as well as DOGE, DASH (BTCD), UNO, and assign mining whenever you like. This gives you all the hash power you need to diversify bitcoins.
1. First, open an account with Genesis Mining. It is completely free and you can begin your investments at any time. All the functions necessary to fully control our investments can be found in the sidebar.
2. This step will involve investing by purchasing mining power. It is basically to purchase space on a server for us and make it work.
Select the option “Buy mine power” from the left menu. This will display all available investment options. Each one is different, so we won’t go into details.
We will purchase a Bitcoin contract for an indefinite period. The drop-down bar allows us to choose the amount we want to invest, which must be at least 30 dollars.
3. We will now choose the payment method (Credit Card or Bitcoin, Dash Litecoin, Dogecoin), from the panel to the right.
This is an important part, so pay close attention. To receive a discount of 3%, you can enter the promotional code at the top.
4. This is the step where we make payments using the preferred method. In this instance, Bitcoins. Or, the order will be canceled.
Below are the details of the contract. The most important are the daily maintenance costs and total BTC.
We accept the terms and confirm our order.
5. After a while, you will be able to go to “My Orders” and view your purchased mining contract. We can see from the control panel that Bitcoins are being mined in the cloud.
Genesis Mining offers a unique function that allows you to share your mining power across multiple cryptocurrencies. We can, for example, diversify 50% of our mining power into Bitcoin mining and 50% into Litecoin.
To maximize your investment, you have the freedom to make any combination that you like.
Last Thoughts:
Mining is high-risk and highly dependent upon the price of crypto coins. This is a great opportunity to diversify your portfolio in the cryptocurrency sector.
Start with a small amount to learn how the mining business works.
