Genesis-Mining Review

There are a plethora of cloud mining companies available. Most are complete scams while others are ponzi schemes, rarely one can find a diamond in the rough where a cloud mining company isn’t going to exit scam or offer contracts which are impossible to make profit on. Genesis-Mining is an old player in the cloud mining game and in this review we will go over some of it’s features / contracts and let you know if you can make a profit by using them.


The available contracts genesis-mining offers range from 200 GH to 15,000 GH, and a custom plan which can go up to 200 TH. These numbers may seem meaningless to you so lets make sense of them.

The 200 GH (Gigahash) plan costs $30 plus maintenance fees. According to the alloscomp bitcoin mining calculator, 200 GH of mining power will net one approximately $4.50 per month, assuming neither bitcoin prices changes nor the difficulty jumps (which is highly unlikely) it would take one at least 6 months for one to achieve ROI. However, you would be surprised how much the difficulty will jump in the next few months and how much bitcoin’s price may fluctuate. We even forgot about the extra “maintenance fees” which the mining company charges per contract.

Lets say you were a big fish and went for the Diamond contract of 15,000 GH for $1950. Do the math and you are looking at most at a profit of $337 per month, hypothetically achieving ROI in 5.7 months. The trick to these contracts is that they feed on your cluelessness to the fact that bitcoin’s difficulty constantly jumps. Just in the past month bitcoin’s difficulty jumped atleast 19%, if you had a lifetime contract that’s 19% of your profits gone poof! Take note that bitcoin’s difficulty won’t always jump 19%, a 9-10% jump is a more appropriate figure.

In conclusion, these contracts aren’t profitable enough to take the risk investing in them. You are better of simply purchasing $30 worth of bitcoin and holding it.


While the available contracts may not be the most profitable out there, the company is indeed legit. It has been around for multiple years (since 2014) and the genesis-mining bitcointalk thread hasn’t seen any scam accusations.

crazyivan from bitcointalk described genesis-mining best:

Its not a scam in a classic way where they will run away with your money, no, they re 100% legit and they will provide everything they state. The only problem is one cannot make money, their products re simply that bad. By investing in genesis-mining all you do is provide them an interest free loan for them to expand their farms and that is all.

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  • stupidme

    can confirm the above. “Invested” 150$ (145$ w/ bonuscode) out of curiosity in genesis-mining (although i knew it would probably be a mistake) and although it might not be a ponzi scheme or a complete scam, it is preeeeetty damn close. daily revenue: 0.00033 btc (25 cents given a 800$/BTC exchange rate) and 80 cents per day “maintenance fee”. since all costs and fees increase with the THash-rate you buy it doesn’t matter how much you “invest”. you’ll just lose more money. lucky me if i get 50$ back before they cancel my contract ^^

  • Cesar Gomez

    Thank you stupidme. I was going to “invest” $150 too but now you save me the pain.

  • Wish I would’ve read this before I invested $50 into it. Oh well I knew it was a risk going in.

  • Jordan Bentley

    I’m actually making a profit mining ETH at the moment. Only bought a 30 USD contract but the daily ETH is decent (0.002) and there’s no maintenance fee. I used code 9BVNmM to get 5% off, check if it still works

  • Piyush

    Coupon Code: InJZe3

  • Ed h

    I did a 1-year contract for about $130 in March 2016 for ETH. It just ended, and I mined 3.74 ETH over the course of the contract. With the recent price of ether around $50, I made a few bucks, but it definitely didn’t pan out to what I was expecting. I definitely wouldn’t do this again.

    • Bob C

      That’s a 43% tax free return. How is that a bad deal? And if you kept the ETH its a lot more! I just signed up using code promo code jCA9WF and it gave me a 3% discount.


    just started mining with genesis and love it! heres
    the latest coupon code!!!!

    • D Mc

      Genesis Mining – bitcoin
      Get a 3% discount use the code: JTBQSY

  • William Teh

    GENESIS is genuine. I’ve been doing research and calculation on genesis payouts for few months already and after investing in it myself, and calculated the annual return of investment is more than 75%. You will get a discount by keying the my referral code: OUFx42

    • D Mc

      Genesis Mining
      Get a 3% discount use the code: JTBQSY

  • bitty books

    I decided to try it with a small amount I can afford to lose. I used code: scoArH to receive a 3% discount.

  • Genesis Evolution

    poloniex stole all my mining from genesis 1.83 bitcoin, now im into trouble , have 21 months left to my contracts of 4040 mhz x11 worth 18 k usd , if anyone is interested i would let them go for 10 k usd , we would go through genesis for payment and transfer, send email to [email protected] if interested, write genesis as title please

  • BTCMiner

    Hashflare and Genesis are the only two companies I would trust. BTC right now is profitable to mine and Hashflare is the only one of those two which has BTC contracts in stock currently and has not been hacked so is safer. Get a 10% discount with Hashflare with coupon: BA8FD507 Use the code BA8FD507 when setting up a new Hashflare account. BTC contracts are available, and better rates than Genesis mining. Do not mine altcoins since they will not be profitable on miner contracts, only BTC is.

  • Peter

    The open-ended Bitcoin plans are back.
    Genesis Great Bitcoin & Ethereum Cloud Mining Profits!
    Get a 3% discount with this promo code: WwPBTH

  • Peter

    Genesis Bitcoin mining contracts are are back.
    Great Bitcoin & Ethereum Cloud Mining Profits!
    Get a 3% discount with this promo code: WwPBTH