Genesis Mining is a cryptocurrency mining company founded in 2013.
The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 2018).
The business model is to sell hash rate by the TeraHash.
All plans are prepaid for the entire duration of the contract. Genesis Mining does not work with monthly installment plans.
Yes, to the best of our knowledge Genesis mining is a legit mining operation. We do not have any information about scams or foul play.
Most negative reviews received by Genesis Mining are due to customers’ erroneous expectations. Inexperienced miners buy hash rate expecting immediate returns, but that’s not how modern Bitcoin mining works any longer. Today, Bitcoin mining is a long term prospect activity, where you save the mined coins waiting for halvings and fiat inflation in order to obtain a return.
Cloud mining is not immediately profitable.
For more information on this, please read our article about the legitimacy of cloud mining.
Genesis Mining Cloud Services Ltd.
Trinity Chambers, P.O. Box 4301,
Road Town, Tortola,
British Virgin Islands
Working hours: 24/7