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Hey everybody,

Today I'm going to write a review of the genesis-mining website.

Genesis-mining is giving everybody the opportunity to mine Bitcoins and other altcoins like Litecoin, Dodgecoin, Zencoin, etc...

They of course control all the hardware for mining the Bitcoins and altcoins but as a user do not have to worry about any the setup, costs or hardware failures. Of course, if you mine yourself then you will earn more coins but you will need to take care of everything yourself.

I tried a few of these platforms already, one better then the other one, some were scam sites, others were legit.
I invested in genesis-mining on the 1ste of December so it is almost one month now that I'm mining Bitcoins via them.

At first I was a bit sceptic because the first weeks the amount of mined Bitcoins was rather low. I bought 2 different mining contracts (more to come) and the ROI was going to be a year which is in some cases good because you know that it is more legit but in other cases it can be a trick to gain as much as money as possible in a short periode of time and then just run with it
The last week I noticed a change in the mining output. It was increasing so now the ROI is less then a year. If this keeps on rising then the ROI will be a few months instead one year.

I will discuss the following:

- Contracts
- Affiliate program
- Negative points

So how does Genesis-mining work?

Contracts:

If you want to mine with them then you just need to buy hashpower. The more hashpower you buy the more coins you will mine. It is as simple as that.
Genesis-mining has 3 different contract in which you can invest in. You can buy them with USD (credit card), Bitcoins, Dogecoins, Litecoins, Dash or Wire.

The 3 contracts are:

1. Lifetime Bitcoin Mining

The name of the contract just says it all. You buy a contract for lifetime. The contract will never expire unless mining is not profitable anymore. The ROI is lower then the other contract but in the long run you will make more from a lifetime contract.

Lifetime mining uses the sha256 algorithm for mining.
I bought a 0.1 TH/s lifetime bitcoin contract. The minimum that you can buy is 0.05 TH/s for $22,49.

2. One year X11 mining

The second mining contract is a one year X11 mining contract. With X11 mining you can mine more Altcoins and the contract will give a higher ROI as it is only active for one year.

I bought a 5 MH/s contract. The minimum that you can buy is 1 MH/s for $24.

3. One year of Ether mining
The last mining contract that you can buy is the ether mining contract. This is a new contract that genesis-mining has introduced. It will stay active as long as profitable. If it is not profitable anymore the contract will be converted in an X11 mining contract.

This contract I didn't buy because it did not exist when I joined genesis-mining. The minimum that you can buy is 3 MH/s for about $53,97.

My experience with genesis-mining is only two weeks but in these two weeks I triggered the helpdesk to find out how long it would take that they picked up my ticket and gave me an answer.

I have to say that they were rather fast and correct. They give me a good explanation why my funds were not withdrawn.

In these two weeks I made a around $7,5 that means that it will take me less then a year before I have a ROI. But as said before, the output is going up so I'm expecting a return much sooner.

Every day I receive my mined bitcoin in my bitcoin wallet. It is never on the same time so I'm not panicking anymore when I did not receive any bitcoins. The bitcoins are always deposit in your bitcoin wallet. 

Affiliate program:


Genesis-mining also have an affiliate program. Its rather different then other mining websites.
Most of the website give a link and via that link you will earn 5% of your affiliate.


Genesis-mining uses a discount code. Everybody that signs-up at Genesis-mining receives a unique code which he can be shared with others that want to use Genesis-mining. This code gives the following benefits:


Each time when somebody uses your affiliate code, that user will get discount of 2.5 % on all Hashpower packages and you will get a free upgrade of your existing Hashpower plan in the same amount for 1 year!
For example, if a user uses your affiliate promo code while purchasing 10 MH/s, they will get a discount of 2.5 % on existing prices and you will get free upgrade of your existing Hashpower plan in amount of 0.25 MH/s! It is a win-win situation for both of you!
Each time when somebody uses your affiliate promo code you will be notified by email with all the details.

I would recommend on using a code all the time when buying hashpower. If you want to try Genesis-mining out then you may use my promo code: AnJzyW

Negative points:

A negative point of the platform is that you can not sell you hashpower. It is bound to your account.
For now the only other negative point is that I do not know how long my ROI will be.

Hopefully this review was helpfull?

Br,
TT

Hey everybody,

It has been a while that I found a new and stable website where you can mine bitcoins. 
Bitcoins are hot again the last few weeks due to the fact that Bitcoins are now recognized as a real valuta. This means that bitcoins are a legal currency and it won't take long before shops are going to use it more and more. 

So today I'm going to give you a new platform where you can mine easily. It's trustworthy and easy to use. Just invest a certain amount and you will start mining. Genesis-mining also offers other coins to mine. So it's not only bitcoins that can give you a profit. With the Genesis platform you can also mine:

- UNO
- BTCD
- DASH
- LTC
- Dodge
- Zeta

The contract to start mining vary from 22.49USD per 0,05TH/s. You can buy a max of 200TH/s which will cost you a 78,000USD. 
As i'm seeing right now my investment will be paid back at around 3,5 months which is not bad. 

Of course there is also some negative part. 
- You cant sell your bought hashpower. 
- It's a lifetime contract till it stays profitable. They claim that it can be 100 year but it can be less...

If you are interested I would suggest that you read there FAQ first before investing in the platform:

And if you want to try it then I would also suggest that you use my this promocode: UiMB1x
Using the promocode will give you a 2,5% discount on all Hashpower packages!

The Moonbit faucet site is improving. You can now even earn much more if you claim your daily satoshis.
Every day that you claim, you will gain 1% extra satoshis + there is now also a mystery bonus which will give you a random % from 1% till 100%.

If you then also have extra referrals then you can easily claim a bunch of satoshis.
So go now and claim your satoshis every day or every 5 mins or whenever you want at Moonbit.

It has been a while since my last post but I was testing 2 new websites to earn bitcoins.
Today, I'm going to talk about one of them namely BIT-X.com.

This website is legit and is more trustworthy then scrypt.cc. If you invest in it then you can make money via mining or just trade bitcoins to maximize your profits.

If you buy GHS for mining bitcoins then there is of course a cost for maintenance which will lower your income from the mining. If you think that the price of the bitcoins will go up or go down then you can either buy or sell your GHS.
It's all up to you!