Skip to main content

How To Do Cloud Mining Using Genesis Mining

Practicing mining these times has become an activity that few can maintain, due to the high costs and maintenance of equipment, along with the payment of associated services of electricity and Internet. That is why this practice has been centralized in few places in the world, where electricity costs are low enough to make mining production profitable. From these difficulties arises what is known as Cloud Mining.

Genesis Mining offers legitimate Bitcoin and altcoins mining without hidden charges, in completely transparent transactions, and now they are performing aid conferences to anyone in the Bitcoin community who wants to learn more about the benefits of cryptography.

With Genesis Mining, you can mine ETHER, BTC, LTC, DOGE, DASH, BTCD, UNO and assign mining whenever you want, giving all hash power to bitcoins or diversify power in each coin.

1. The first thing to do is open an account at Genesis Mining, it is free, and you can start your investments whenever you want. In the sidebar on the left, we will find all the necessary functions to have full control of our investments.

2. In this step, we will invest by buying mining power, which is basically to buy space on a server and make it work for us.

From the menu on the left, select the option "Buy mining power", which will show all the available options to invest. We will not go into detail in each one, as they vary according to the availability of the moment.

In this case, we will buy a Bitcoin contract with indefinite duration. We select the amount to invest from the drop down bar, minimum 30 dollars.

3. Now we will choose the payment form (Credit Card, Bitcoin, Dash, Litecoin, Dogecoin) from the panel on the right.

This part is essential, so we should pay attention. At the top, we can enter a promotional code to benefit from a discount of 3% on the purchase.

4. In this step, we proceed to make the payment with the chosen method, in this case, Bitcoins. You have 30 minutes to do it, or the order gets cancelled.

Below we will see the specifications of the contract, where the most outstanding are the daily maintenance cost and the total BTC we will pay.

Finally, we accept the terms and confirm the order.

5. After a few minutes you can go to "My Orders", where you can view the purchased mining contract. From the control panel, we can see that we are already mining Bitcoins in the cloud.

Genesis Mining has a fascinating function to distribute the mining power in several cryptocurrencies. For example, with the contract purchased, we can diversify 50% for Bitcoin mining, and the remaining 50% for Litecoin.

You can make all the combinations you can think of to maximise your investment.

Final Considerations:

- Mining is a high-risk business and is highly dependent on the price of the cryptocoins.

- It is an attractive opportunity to diversify in the crypto currencies sector.

- Remember to start with a low amount until you understand how the mining business works.




Source by Sujoy Mukherji

Popular posts from this blog

Commoditizing the world

Let's discuss commodities; With the latest Enron situation, it is important to understand the way things work. A commodity is anything useful, especially a transportable agricultural product or mining product. This comes from the Latin word "commoditas" meaning roughly advantage, convenience. So then what is a commodity? Well we consider Gold, Silver, wheat, corn, pork bellies, coffee, etc all commodities. If you look in the back of the WSJ or Investors Business Daily you will see a listing of all the commodities traded on the commodities exchange. Enron made some errors no doubt, but let's not judge all commodity markets in haste. Commodity trading works best when there is a stable instrument of trade. Sometimes the instrument of trade is actually the commodity. If you looked most countries of the world today you would find that there are three basic instruments of trade; money, as in currency, precious metals and gems, drugs; like cocaine, opium, and

6 Incredible Benefits Of the Cryptocurrency

Over the past few years, people have been talking a lot about cryptocurrency. At first, this business sounded scary but people started developing trust in it. You may have heard of Ether and Bitcoin. They both are crypto currencies and use the Blockchain Technology for highest security possible. Nowadays, these currencies are available in several types. Let's know more about it. How Can cryptocurrency help you? As far as fraud is concerned, this type of currency can't be faked as it's in digital form and can't be reversed or counterfeited unlike the credit cards. Immediate settlement Buying real property involves third parties, such as lawyers and notary. So, delays can occur and extra costs may incur. On the other hand, Bitcoin contracts are designed and enforced in order to include or exclude third parties. The transactions are quick and settlements can be made instantly. Lower fees Typically, there is no transaction fee if you want to exchange Bitcoin or any other cu

Combining Forex Trading With Gold Trading

Combining forex trading with gold trading can be highly lucrative. If you have been following gold prices, you must know that gold prices have reached their historical peak in the recent times. Gold prices recently broke the historical barrier of $ 1,000 per ounce and now hovering around $ 1,150 per ounce. Market is anticipating a US Dollar depreciation. Whenever, the markets become jittery, investors start buying gold as a hedge against the US Dollar. Last year, after the stock market crash, many investors started investing in gold as a safe haven against the turmoil in the financial markets. Gold and US Dollar have an inverse correlation relationship. Gold and US Dollar are almost near perfect mirror image of each other. US Dollar depreciation during the global financial uncertainty has been the primary reason for the gold appreciation as it is viewed as the ultimate form of money. Gold is also seen as the primary safe haven commodity. Countries like China, Russia and I