Genesis Mining to include Bitcoin Cash to its Payment Options
It is no easy task getting a cloud mining services provider nowadays. Sure, there’s a whole list of them out there, but problems begin when one starts being shady or worse yet, cease releasing payouts. One notable cloud mining services provider with a reputation in the industry is Genesis Mining.
Genesis mining has been in existence for years now, and though it is reliable, we can’t give it 100% rating as the most excellent platform. Controversies and issues have hit Genesis mining over the recent past. The source of its problems partly emanates from of how volatile and unpredictable cryptocurrency mining of today is.
Despite the problems, however, this services provider has never exhibited signs of any fishy platform. Customers never fail to get their payments, and the company grows every single year. Indeed it is getting a fair share of the new cloud-based crypto mining population. However, there have been murmurs regarding the best currency to use when buying smart contracts.
Genesis Mining Set to Include Bitcoin Cash Payments
The platform has always supported two major payment options – Bitcoin and Credit card. The problem with Bitcoin is the high transaction fees and the length of time it takes to complete the transaction. But change is in the offing for its users who have a soft spot for Bitcoin Cash.
Lately, the company has been trying to experiment with Bitcoin Cash integration. The move will undoubtedly help reinforce its status as a prominent choice yet again is its latest move; integrating Bitcoin Cash payments. Adding this new currency has given it free plaudits and helped build more rapport with the greater cryptocurrency community.
Why Bitcoin Cash
Well, Bitcoin is by far the most superior coin in the cryptocurrency world of today. But Bitcoin Cash for business is an excellent choice since it runs smooth and takes relatively shorter period to end. As such, it is one of the most preferred types of coins.
Genesis mining had a minor transactional backlog recently, but as it is always done, the glitch was resolved immediately. Today, the company is willing to give this altcoin a chance and hope that it hopefully rivals the two other payment choices. But whether this will mean a sudden surge in the number of customers who opt for Bitcoin Cash in place of the others will remain to be seen.
At the moment, Genesis Mining users can’t use it to pay for smart contracts just yet. The company has run out of hashpower and will ultimately need to bring more hardware online very soon.
Cryptocurrencies are still fashionable right now and more, and more enthusiasts are trying to grab a piece of the cake. But owing to the few trustworthy and reliable cloud mining providers, Genesis Mining may use its position right now to strike it rich. The idea of adding BCH will undoubtedly be beneficial in the long run.
With BCH as Genesis Mining’s another choice for customers to pay smart contracts, do you think it will realize more profits? What do you make of the whole move? Let’s know what you think below.