Genesis Mining has recently announced on its blog that it would relaunch its Bitcoin Sha256 Cloud Mining services in the near future. While the service was not available, the company worked to improve its data centers and optimizing its efficiency, modernize their whole system (again, looking for efficiency) and solving IT and service requests.
The company is now during the final stages of solving all the issues that were in the way and most of the users that were not paid already have received the tokens. Because of this, the company is finally relaunching its services with cloud mining and states that it is determined to compete in the market and become of the greatest mining companies of the world.
Head over to our blog post for more information: https://t.co/8Ff6in1bKS
— Genesis Mining (@GenesisMining) June 15, 2018
Genesis Mining New Investments Plans
There are 3 different contracts that you can use to invest in this company:
Radiant Gold: $285 USD for 1,000 GH/s;
Radiant Platinum: $1,400 USD for 5,000 GH/s;
Radiant Diamond: $6,875 USD for 25,000 GH/s.
None of these plans will be available for American users, so be aware of this before trying to purchase any of them.
How Will The New Genesis Mining Program Work?
The new mining contracts will last for 5 years and will have a maintenance fee of 0.14 USD per TH/DAY. You will be able to mine with no pre-sale, Sha256 algorithm, reduced minimum transaction thresholds that will be determined by the user and even be able to mine Bitcoin Cash too.
This new mining program will use the GM Radiant technology, which enabled the company to reduce the mining fees and to make a more efficient service. This new tech uses more efficient electricity like improved PSUs and PDUs, has a new layout and a better cooling capacity. All of this will help the mining rigs to run at their best capacity and be able to earn more money.
Also, the company has improved its Genesis Hive function and its automation routines. The company states that this upgrade will be substantial and that it will enable the clients of the new Genesis Mining program to profit a lot more than they did before, which can make the company a more attractive investment for these people.
The New Genesis Mining Program Verdict
Cloud mining has some risks, but Genesis Mining seems committed to solve some of its earlier problems. Many people were not paid by the company when it shut its services down before, so go easy on this investment, as should already know that this is a company that you should not trust blindly.