Genesis Mining Offers 1 Year Mining Contracts on X11 and Ethereum Cloud Mining

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The Best Way to Begin Cloud Mining

One of the top Cloud mining Services, Genesis is expanding its base on cloud mining operations with the introduction of new mining contracts on X11 and Ether. It's the first time that Genesis is offering these two services to their cloud mining customers apart from Bitcoin Mining.

“Our customers asked and we listened. Due to our large-scale GPU mining activities we are glad to offer significant parts of our farms for Ether mining in the cloud. Users can therefore benefit from our economy of scale and our geothermal-powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation and also support the network,” Marco Streng, CEO of Genesis Mining, said in a statement."

Ethereum was developed in 2013 by Vitalik Buterin and it became successful coin with more than $15 million in value. Microsoft too has acknowledged the potential of Ethereum by offering blockchain as a service on their Azure platform. This will certainly boost developers on ethereum to come up with more innovations on the blockchain technology and for adapters a chance to use rapid technology on blockchain ecosystem.

How to Mine Ethereum - Mining Ethereum requires GPU hardware and software to do the computational calculations. For those who can't do mining on their own or those who prefers cloud mining, Genesis is a certain option as it has proven to be one of the reliable vendor providing cloud mining services.

How to Start Cloud Mining

First, you need to join a cloud mining company simply by buying shares available online. Next, You need to select an plan(hashing power), pay for it and you may start mining immediately after purchase. By signing Ethereum mining contract your provider will take care of most mining maintenance, jobs and keep everything up while you just sit back and receive you share of coins that are mined every day which gets deposited into your ethereum wallet. So, With cloud mining services, there's no need to have your own mining computer, no dependency on high electricity bills, no coping with software and setup problems and no mining knowledge is required. Purchasing a cloud mining hash power takes care of all this for you.

You will receive daily or weekly payouts for your Ethereum wallet address (it depends on the plan, but normally payouts happens daily). You have to pay in advance for hashing power and contracts normally goes for a period of 1 year or lifetime (lifetime contract plans valid till mining with the rented hardware is profitable).

What Packages does Genesis offers in Etherem Cloud Mining Contract -

Small Package - For those who prefers small scale mining at 3 MH/s which costs 53.97$ for 1 year contract

Medium Package - It includes 50 MH/s at 899.5$ for 1 Year contract

Large Package - For Big scale Mining at 100 MH/s at a price of 1799$ for 1 Year Contract.

The new one year contract offer from Genesis Mining will switch from Ether mining to X11 mining if Ethereum switches from proof-of-work(POW) to proof-of-stake(POS) which supposedly will happen by end of 2016

Register at Genesis-mining.com If you would like to test any of the packages.