Bitcoin mining is one of the most competitive niches in the Bitcoin world. Where once users could rake in bitcoins with just a simple laptop, now it takes a much more powerful machine.
As a result, it’s quickly becoming too cost-prohibitive for the average user to get involved in mining. And cloud mining services have popped up to replace that.
Many miners focus on mining altcoins, since the competition for them isn’t as fierce as it is for Bitcoin, and cloud mining services are no different. Genesis Mining is one such company, but they’ve decided to branch out and join the big leagues by offering Bitcoin cloud mining.
Marco Streng, Genesis Mining CEO, made the following statement in a press release
“This allows our clients to manage and optimize their sha256, scrypt and soon X11 hashpower within the same clean and intuitive interface. Going forward, we will add further statistics and analytical tools, so that our clients get the maximum out of their hashpower.
Benefits of Genesis Mining
With so many different cloud mining companies having already been established, why would any user bother with a company with an unproven track record in mining?
“More and more companies turn out to be fake or a ponzi scheme,” Mia Molnar, spokeswoman for Genesis Mining, told The CoinFront. “We are often accused of being one of them, which is understandable, but it still hurts.”
She continued, “We have been around for quite a while, but our service was altcoin cloud mining. There was a huge demand for Bitcoin contracts, so we decided to add it to our portfolio as well. We established partnerships so we can offer a really nice price.”
One of those partnerships is with Spondoolies-Tech, a Bitcoin mining rig manufacturer. CEO Guy Corem had nothing but praise for Genesis Mining, saying “Genesis Mining is one of the leading cloud mining companies and a trustworthy partner of ours.”
Terry Li, Zeus CEO, added “Genesis Mining is one of our biggest clients and proven to be a reliable and trustworthy business partner.”
The Future Of Genesis Mining
Genesis Mining’s new Bitcoin mining service hopes to launch by the end of the day today. They’ll be offering their services at competitive rates, starting at just $2.15 per gigahash.
For a limited time, Genesis mining is offering a discount on its cloud mining services. Visit their website and enter the promo code “Coinfront” to get a 5% discount! But be quick, the offer is only available until the end of the day Saturday!
Genesis Mining Begins Offering Bitcoin Cloud Mining Contracts
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