Is Genesis Mining a Scam? Read My Brutally Honest Review to Find Out!

is genesis mining a scam

Genesis Mining Review - Quick Summary

Product Name: Genesis Mining

Website: https://www.genesis-mining.com Use this code rTBcSQ for a 3% discount!

Product Type: Cryptocurrency Cloud Mining Services

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Price: Depends on the Package. From just tens of dollars to thousands of dollars

Best for: People who want to make money from cryptocurrency mining but don't want to build their own mining rig.

is genesis mining a scam

Summary: Genesis Mining the largest cryptocurrency cloud mining farm. It has been so popular that all of their mining plans and packages have been sold out. There is not a single reason to believe why Genesis Mining would be a scam.

Is Genesis Mining Recommended? Yes, if they have packages available. 

Welcome to my Genesis Mining review!

If you are looking for comprehensive Genesis mining review you how come to the right place. In this article I am going to answer all your questions regarding Genesis Mining and no stones will be left unturned.

I will also answer a big question that tens of thousands of people have been asking all over the word, "Is Genesis Mining is a scam?"

Get ready. Fasten your seatbelts, hold your hats and let's go!

is genesis mining a scam

What Is Genesis Mining?

Genesis Mining is one of the most famous mining farms in the world. Many YouTube influencers including Boxmining (200k subscribers) have been promoting Genesis mining for their followers.

If you've read my article, Is Cryptocurrency Mining Still Profitable in 2018? Read This! You probably noticed that one way to earn money by the currency mining is called cloud mining. Cloud mining means that you are investing in somebody else's mining farm and TV pay you dividends of total earnings.

Therefore, you do not need your own equipment the start mining. Cloud mining is a more effortlessway to make money with cryptocurrency mining and that that's why it has become very popular all over the world.

You can think cloud mining is investing in a calm funny. You give them some capital that they will in West to their growth and the company would pay you dividends on the profits they make.

Genesis mining happens to be probably the biggest cloud mining providers in the world the moment when I am writing this article.

How Does Genesis Mining Work?

With Genesis mining, or any other cloud mining, you buy hashing power in packages. In the other words, the company has created packages that you can buy to get involved with their mining activity.

In the image below, you can see for example Bitcoin mining packages on Genesis mining.

genesis mining pricing

Genesis mining packages for mining Bitcoin.

The bigger package you buy, the more hashing power you will get. You can also see in the above that if you buy bigger package, you will get some sort of a discount.

Therefore, begin investors will get a better return on their investments. Also, different cryptocurrencies have different kinds of pricing plans and retursn. Let me show you in the image below Ethereum mining packages:

genesis mining pricing plans for Ethereum

Genesis Mining pricing plans for Ethereum.

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Genesis Mining has provided cloud mining for 6 different cryptocurrencies that are:

How Much Can You Earn with Genesis Mining?

Your earnings will depend on a few different factors:

  • Which package do you buy?
  • Which cryptocurrency are you mining?
  • How the price of that cryptocurrency changes?
  • How much money do you invest?
  • For how long do you invest?

You will not obviously the best months as you would earn for building and maintaining your own mining farm but cloud mining is quite way to earn money.

Still, you always need to evaluate what is the best choice for you: investing in cryptocurrencies directly, buying your own mining farm or investing in cloud mining.

So far, I have only concentrated on investing in cryptocurrencies directly and it has given me wonderful returns. In 2017 during the huge spike in prices I made in a few weeks more money than most people make in a year or two.

If you want to make money with cryptocurrencies like I do, you can grab my cryptocurrency course for just $10 through that special link.

Recently, I have been considering cloud mining also. At the moment genesis mining doesn't have any new packages available so I have not been able to start with them. Buying and building the mining rig has not been possible for me because I have  been constantly traveling from one place to another all over the world.

Genesis Mining Profitability

Have you ever heard your friend saying, "Oh, I should have invested in Bitcoin in 2011. Or I should have thought of that mining be going in 2013." Or something similar.

I guess that you have also said yourself and pretty much everybody who knows about Bitcoin has told so. This does not only apply to investing in Bitcoin but also to mining Bitcoin.

Bitcoin mining profitability has been going down because nowadays it requires much more hashing power to mine the same amount.

Bitcoin mining difficulty has gone significantly during the past years:

  • 2014-2015 - Bitcoin difficulty: up 34x
  • 2015-2016 - Bitcoin difficulty: up 2.5x
  • 2016-2017 - Bitcoin difficulty: up 3.05x

You can see above that it requires nowadays more than 100 times more hashing power to earn the same amount of Bitcoin then test a few years ago.

That is also one reason why I would recommend considering other and better ways to make money online then just cloud mining.

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Genesis Mining ROI

I mentioned above that I have been only investing directly into cryptocurrencies, not into cloud mining. If you ever other weight the returns that you could have earned during the past years for cloud mining and for direct investments, direct investments have almost always won with cryptcurrencies.

The price of Bitcoin and almost all other cryptocurrencies have been surging over the past years. Bitcoin has provided way better returns on investments than stock market investing, real estate investing, or any other form of investing.

Personally, I believe that the prices would keep on moving up during the coming years. I believe that they would see the mass adoption of the cryptocurrencies and anyone who has invested in them before 2020 will make massive returns on investments.

That is not, of course, an official investment advice because it's only my personal opinion.

Take a look at my video below where I explained if you real life experiences and reasons why I am so confirmed that cryptocurrencies would keep on going up.

I have also explained numerous other reasons, why I believe that Bitcoin will keep on surging, on my other articles and videos. Feel free to subscribe to my YouTube channel if you want to receive more content from me about cryptocurrencies.

If you like making money online, subscribe here to my email list. I will regularly give you more tips ideas, tools, ideas and resources for making more money online for completely free.

Genesis Mining Reviews - What Do Other People Say?

Before putting your money into something online, it's always recommended to take a look at a few reviews first.

You are already doing your homework well because you are reading my article at the moment. I have taken a look at other Genesis Mining as well and I have noticed a few things that I would like to share with you now.

First of all, there seems to be a consensus in the cryptocurrency space that Genesis mining is a legitimate company. It was founded already back in 2013, so it has been operating already several years.

The second thing: many people like spreading their referral code to earn a 3% comssission. Every time somebody uses your referral code, you get the 3% bonus and a person who uses it gets a 3% discount.

By the way, if you want to use my referral code it is rTBcSQ.

You will also get a 3% discount for using that. If you are interested in making money in the cryptocurrency space, there are also many opportunities through affiliate marketing. You will to make $10,000/month overnight but there is certainly a potential for a big income.

The third thing is that nowadays you cannot earn very much with cloud mining. Cryptocurrency mining has become more difficult than it was in the past so returns are not so huge anymore.

Is Cloud Mining a Scam?

Cloud mining itself is not the scam but you need to keep in mind that there are numerous cloud mining scams around.

Someone has said that 99.99% of all cloud mining companies are scams. They are basically giving money for the old investors from the new investors. Therefore, they work like classical Ponzi schemes.

Fortunately there are a few legitimate cloud mining companies that pay honestly to investors and they really have their mining farm.

Is Genesis Mining a Scam?

Genesis mining is not a scam. It is probably the largest cloud mining provider in the world. However, time with show if it will remain on the top or not.

Another famous cloud mining companies called Hashflare but I don't have personal experience of using it. If you would like to share your experiences with cloud mining, I would love to hear them in the comments below.

My personal advice to you is that you should always research the cloud mining company before you put your own money into it. There have been many scams and most likely there also will be many scams in the space.

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I have reviewed more than 400 make money online with the ladies on my website and saved tons of money from my visitors. Often people have come to me, "Thank you Roope for warning me from this scam!"

On the other hand, sometimes people have found my articles too late and said, "Oh man! I already put my money into that company. Do you know if there is any way to get my money back?"

If you've invested in a company that's not reliable it can be sometimes very challenging to get any money back. That's why you should always do the research beforehand.

Conclusion - Is Genesis Mining Worth It?

If you are looking for a very effortless way to make money online, Genesis mining is a considerable option for you. However, at the moment they are not providing any of their packages so you will need to wait until they are available again.

That being said, cloud mining most likely will not make you rich and it's just one way to invest your money.

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What kind of experiences do you have with Genesis Mining or cryptocurrency mining in general?

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By Roope Kiuttu

Hello! I am Roope "Robert" Kiuttu, the founder and owner of YourOnlineRevenue.com. I created this website back in 2015 to help you to make money online. You can ask me anything and I'll be happy to help you out. I help people daily to make more money online and I love seeing people succeeding. If you want to get my 1-on-1 support and help to make money online as well, get started HERE.

24 comments

  1. When I first started mining I got reccomedation to start mining in Genesis Mining. I googled it and find out it is the biggest mining company, legit and transparent. It turned out to be true, I never regreted I gave my trust to Genesis, even now afrer a long time mining with them. I have a few contracts running and bringing me profits. Everyone is talking about mining market crisis and it is without doubt a tough period for miners like me, but I feel like Genesis Mining is really trying to keep mining profitable for their clients and gives solutions when in crisis. That gives me secure filling about company and mining future in general.

  2. Genesis Mining is definitely going places. It is not a biggest mining company with no reason, I feel like my investment is in a good place, and my paymants are regular and on time.

  3. I have a contract in Genesis MIning and I am very happy with it. I have never regretted for starting mining with them. Until now they have been fair in telling real mining market status. I value that in company that I invest my money at. To be honest, I wouldn’t invest anywhere else since GM is proven to be legit and transparen

    1. Thank you for sharing Michaela! Great to hear that you’ve got positive experiences with Genesis mining.

      May I ask what kind of ROI have you got from Genesis Mining?

  4. I can also say that mining in Genesis Mining was a smart choice I have made. I never regreted putting my money into GM, as they have allways been transparent about company and mining market in general. You just need to have a little patience and knowlage and profits will come for sure. My contracts have been bringing me money on everyday bases. For all questions, I’m sure their customer service will help as they did for me when I have had doubts and questions.

  5. It is always risky if you want to get rich. Cloud mining has been a word of mouth for people who are into Cryptocurrencies. I find this article very helpful because I am currently planning to get involved with cloud mining.

    Since I am a beginner and just started having interest with Cryptocurrency, (quite late, isn’t it? :D) this reminds me to be always very cautious since a lot of cloud mining companies are a scam. May you happen to give the top 3-5 legit cloud mining companies, Roope? I would love to hear it from you soon. Thank you as always!

    1. I think that Genesis mining and Hashflare are the most reputable ones. I haven’t researched other ones. But Genesis mining is probably the biggest and the best. But do you own research before investing as always 🙂

      And hey friend, you are not too late in the cryptocurrency world. Most people haven’t yet got involved yet.

  6. Its nice to see a legit mining service that pays depending on the package you chose.This is the first time I hear about this site. I’m familiar with cloud mining. It’s one of the better ways to earn cryptocurrencies. Although a lot of scams are going on currently with cloud mining websites and the price of cryptocurrencies go down and up constantly, it is best to not invest in cryptocurrencies at the moment.

    How much have you earned through cloud mining Roope?

    1. Hello Oliver,

      Personally I think that now is a great time to buy cryptocurrencies. After three or five years you will most likely regret if you don’t by now. But of course you need to make your own decisions that’s just my personal opinion. I can be wrong but I am personally investing lots of money on cryptocurrencies at the moment.

      In the article, I mentioned I haven’t done cloud mining because I have concentrated on investing the cryptocurrencies directly. However, I am considering Genesis mining in the future if they open new packages.

  7. Cloud mining is really a good investment but it is very risky. And based on the vlog from my country about the Genesis mining, it is really a legit mining site, and one of my cousin really earn on it and unlike any other mining sites. In genesis mining you have an assurance that your money will grow and the company promised that it wont close as long as they have investors coming in.

    1. Thanks for sharing your thoughts and your cousin’s experiences with Genesis mining. At the moment, they do not have available packages but maybe in the future they will start selling them again.

  8. I would prefer to invest directly in trading cryptocurrency instead of having to invest in cloud mining. The reason is simply because when things go better, I can earn more as well. This is not to say that cloud mining is not a good investment option, but going into tur market is a far better choice for me as we speak.

  9. It’s very good to have in the there are some cloud mining scam sites floating around the internet, so one need to be careful with where to put his or her. Checking out several reviews is one good way of determining the legit one to invest in and after reading the review on Genesis Mining, it’s pretty clear that it’s a trusted cloud mining site to invest in. One good thing which I think is very interesting about Genesis Mining is that your earnings from the site is dependent on what you invested on it, so better the package bought, the higher one earns from it.

  10. I’ve never heard of Genesis Mining before. However I’ve heard of cloud mining. A while ago I was about to join a mining website called bitcoin club. It was more a pyramid scheme because you gained very little from the mining and a lot from your referrals. Why not just buy direct cryptocurrency? if you do the calculations its cheaper and you will make more profit in the future especially if you buy while the price is still low.

  11. Hi, I also think that cloud mining is not a scam. You should just be careful with what are you investing. You should make a lot of reading first and searching before you actually invest just to avoid those scammers. There are a lot of legit cloud mining out there like this Genesis mining. This article is a great help for those who are planning to invest in cloud mining. Again, just be careful on which cloud mining sites would you invest.

  12. I don’t remember the name of the program, however, I was once scammed on a bitcoin cloud mining program. Before I joined the program, I had done a through research. Even I googled about the program it always appeared on the top. However, I lost $150 worth of bitcoin. These days when I search for bitcoin mining program genesis mining always comes on the top. I wanted to try this but I was afraid. Thaks for your review. This helps.

    1. Do you remember what was the name of the program where you lost $150?

      As I mentioned in the article, many ‘cloud mining companies’ have been scams but fortunately Genesis Mining is better.

      1. Unfortunately, I don’t remember the name. Since the site appeared on the top of Google search results and there were many positive reviews online I had joined that program. The program even gave 150 hash power for free. The program was in the market for more than 3 years. An old company does not mean it is legit. But thanks to Genesis Mining, it is a legit program. However, you need a lot of money to actually profit from this program

        1. Interesting to hear that. I guess those reviews were fake reviews and there were also some negative reviews out there. Usually, there are negative reviews as well of almost all scam programs.

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