You need a wallet to receive payouts to. A secure hardware wallet like the Ledger Nano S is a good option. You can read more about Genesis Mining on their about page. Genesis Mining offers three different Bitcoin mining cloud contracts. All plans are paid with a one time payment and are lifetime contracts: Is Cloud Mining Profitable? It depends what your goals are with cloud mining. If your goal is to obtain bitcoins, then there is really no reason to cloud mine or even mine at all.

You will get more bitcoins for your buck if you just buy bitcoins! And it will also include detailed analysis as well as a social community where you can meet other people on the platform.

FinTech Mining Conclusion

Lastly, there is an automatic investment system that is said to be truly automated and can be used to create a new passive stream of income without any effort on your part. You can go to the website and sign up for an email newsletter that will help you keep updated.

The services currently ready for use are only for businesses and special individuals who are ready to sign legally bound contracts. Users must also be in accordance to their local laws and regulations. The terms of service and platform are not available for those people under the age of The office of the company is located in the Netherlands according to the website.

Genesis Mining is the most transparent cloud mining company and not a scam. Hashing24 and GM are the only two cloud mining companies we are even willing to write about.

It is arguably the largest and most popular cloud mining provider for Bitcoin, Ethereum, and other coins. It has even registered with the SEC for a Bitcoin mining fund.

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