Review Is Crypto-Mining Scam or Legit Read Before Investing!

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Crypto Mining Review: Scam or Paying? claims it could make you monthly returns of 46% from mining cryptocurrencies. How true is this? You may have come across many systems on the internet promising you quick fortunes, the truth is that majority of them turn out to be scams. In this review of, we provide you information based on our investigations and user experiences to help guide you make the proper decision.

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What is CryptoMining Ltd

Crypto Mining Ltd claims it is cryptocurrency cloud mining Company. According to the information on their webpage, they have their servers in Ireland while their data centre is in Dublin. They claim that Crypto Mining LTD provides the best conditions for profit on the leased facilities for the crypto currency in the era of digital technologies.

Should You Trust

The answer is NO. There isn’t enough information on their webpage about how their platform works. However from the layout of their website, we know we are dealing with another shady scammer. Another reason why you should not trust this platform is the ridiculous promise of 46% monthly returns. This alone is an indication that they are not into any cloud mining business. Crypto-Mining has the features of a HYIP.

CryptoMining Scam Review: Disturbing Things Found

Most of this scam quick-profit investment schemes are HYIPs. What is a HYIP? It is a just a type of ponzi scheme. Initial investors only get paid when new people sign up and invest, what this means is that you are under pressure to bring in new investors so that you will get paid. As soon as the amount of new investor drops, the owners do away with the money invested, and the site is closed down since there is no longer enough money to pay initial investors. Those that benefit most times are the first investors. The system is not sustainable because it will surely shut down abruptly leaving your money trapped in the hands of the scammers that set it up initially.

Most of them provide a registration certificate and so-called evidence of payments. Don’t be deceived, anybody could get a sham address and certificate most especially from the Company House in UK which most of them use, for just £5. These companies claiming to be located in the UK or similar countries are not in actual sense located there. is not a legit mining platform. Don’t be deceived by their promises.


Everyday we get complaints of people been scammed. Most people fall for these schemes because of the sweet promises of making huge profits within a short time. On a serious note, legit systems exists but scams are very very numerous. So you need a guide to help you make a good decision. We have made it our duty, by exposing scams.

Genesis Mining Review 2020 – Is It A Scam? Can I Expect Profitability, ROI, & Returns With Genesis Cloud Mining Contracts?

“Should I invest in Genesis Mining – or is it just another scam?” This is probably the most common question I hear in the Bitcoin cloud mining world.

By now, a lot of people have heard of cloud mining and what’s it’s all about.

And now they’re thinking of taking part.

Well, there are some considerations you must take into account before investing in any service – be that of cloud mining, or cryptocurrencies in general.

So, let’s talk about the pricing, profitability, and payouts you can expect from Genesis Mining contracts.

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How Does Genesis Mining Work – And What Exactly Is It?

Genesis Mining is a cloud mining service company that was created in 2020 by CEO and founder Marco Streng.

It now has a team of over 10 programmers and engineers who have a deep passion for cryptocurrency and blockchain technology.

Their company’s mission is to provide easy access to cryptocurrency mining to the everyday user.

This mission is very similar to’s – to provide a platform that lowers the barrier of entry to people who want to get involved in the cryptocurrency space.

In fact, Genesis Mining and Hashflare are the only 2 companies we feel are even worthy of a review.

In Genesis Mining’s own words:

[We] offer you a smart and easy way to purchase hashpower. Our bitcoin mining system is suitable for those who are new to the world of Cryptocurrencies, as well as for cryptocurrency experts and large-scale miners.

This is how Genesis Mining works.

They have a mining farm and data centre in Iceland, where they store all of their mining hardware.

In fact, they named their mining farm “Enigma”, as it was an Enigma that was built to be exclusively an Ethereum mining farm, but grew to be one of the largest mining farms in the world mining other alternative currencies such as Zcash, DASH, Monero, and more.

Here is a crazy video that gives you a behind-the-scenes look at Enigma:

So, Genesis Mining provides all of the power and electricity needed to mining cryptocurrencies.

What YOU do is you PAY to essentially RENT hashrate.

Because they have so much, their business model is such that all you have to do is sign up to their platform and choose how much hashrate you would like to purchase off of them.

Their mining hardware then allocates this specific amount of hashrate to you monthly.

So, instead of having to go out, put up A LOT of capital, and figure out how to build a mining rig yourself, you simply sign up for an account, and purchase hashrate from Genesis Mining.

You don’t have to do anything else.

Genesis Mining will set up their rigs so that they mine cryptocurrencies according to the amount of hashrate you bought from them.

It truly is a beautiful system that allows even the most technologically UNSAVVY to get involved cloud mining Bitcoin and other cryptocurrencies.

Is Genesis Mining A Scam?

The above business model is 100% NOT a scam or a Ponzi scheme.

It is legal, and for good reason.

By the explanation above, you can clearly see that there is nothing fraudulent about this business model.

Cloud mining companies, in general, have a lot of negativity surrounding them, because the majority of these services WERE actually scams.

They would promise the world to unknowing customers and simply not deliver.

But not Genesis Mining.

As I said before, Genesis Mining and Hashflare have been around for long enough and have had enough people use them over the years to confidently state that they are BOTH not scams.

But, of course, this doesn’t mean that there aren’t unhappy customers.

Just as with any company, of course, there will be people that are unhappy with the service.

But this is for other reasons – not because they are a scam.

Genesis Mining is among the very few legit cloud mining companies that we feel comfortable discussing.

Genesis Mining Details: Everything You Need To Know Before You Purchase

So, we’ve discovered how Genesis Mining works and answered the question “is Genesis Mining legit?

But let’s actually talk about exactly what the service has to offer.

We will go over their cloud mining contracts, their payout system, their supported cryptocurrencies, and much more!

This is a very comprehensive list all on one page that should provide you with enough information to make an educated decision on whether or not you should get involved with Genesis Mining.

Supported Countries

Genesis Mining has a goal of making cryptocurrency mining available to everyone in the world.

They want their platform to be worldwide.

They are available in all first world countries and are quickly expanding to more.

You can check to see if your language is supported below; and if it is, your country is probably supported, too.

Supported Languages

Genesis Mining currently supports over 20 languages including English, Deutsch, Espanol, Francais, Polksi, and more.

Just click the “select your language” drop-down menu and choose the language you want the site to be translated into.

Mineable Cryptocurrencies

Genesis Mining currently supports 6 cryptocurrencies to be cloud mined:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Monero
  • DASH

Genesis Mining Contracts: Plans, Pricing, Hashrate, & Length

As opposed to Hashflare, which gives customers a minimum amount of hashrate they must purchase in order to qualify for a cloud mining contract, Genesis Mining has 3 separate contracts for each of its 6 mineable cryptocurrencies.

They also have a custom plan for each cryptocurrency where you can purchase a desired amount of hashrate if you feel their standard plans do not meet your requirements.

Bitcoin Contracts

  • Gold Starter Plan – $179.00 for 1,000 GH/s hashrate; open-ended contract.
  • Platinum Best Buy Plan – $845.00 for 5,000 GH/s hashrate; open-ended contract.
  • Diamond Professional Plan – $3,975.00 for 25,000 GH/s hashrate; open-ended contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

Etherum Contracts

  • Small Starter Plan – $1,520.00 for 40 MH/s hashrate; Ethereum mining 2-year contract.
  • Medium Best Buy Plan – $4,440.00 for 120 MH/s hashrate; Ethereum mining 2-year contract.
  • Large Professional Plan – $12,960.00 for 360 MH/s hashrate; Ethereum mining 2-year contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

Litecoin Contracts

  • Gold Starter Plan – $28.00 for 2 MH/s hashrate; Litecoin mining 2-year contract.
  • Platinum Best Buy Plan – $650.00 for 50 MH/s hashrate; Litecoin mining 2-year contract.
  • Diamond Professional Plan – $2,400.00 for 200 MH/s hashrate; Litecoin mining 2-year contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

Monero Contracts

  • Blaine Starter Plan – $830.00 for 1000 H/s hashrate; Monero mining 2-year contract.
  • Dynamo Best Buy Plan – $2,460.00 for 3000 H/s hashrate; Monero mining 2-year contract.
  • Houdini Professional Plan – $7.200.00 for 9000 H/s hashrate; Monero mining 2-year contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

DASH Contracts

  • Gemini Starter Plan – $30.00 for 5 MH/s hashrate; DASH mining 2-year contract.
  • Ferox Best Buy Plan – $500.00 f0r 100 MH/s hashrate; DASH mining 2-year contract.
  • Graviton Professional Plan – $2,250.00 for 500 MH/s hashrate; DASH mining 2-year contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

ZCASH Contracts

  • Starter Plan – $530.00 for 200 H/s hashrate; ZCASH mining 2-year contract.
  • Advanced Best Buy Plan – $2,600.00 for 1000 H/s hashrate; ZCASH mining 2-year contract.
  • Professional Plan – $7,650.00 for 3000 H/s hashrate; ZCASH mining 2-year contract.
  • Custom Plan – Pricing dependent on specified hashrate and desired length of the contract.

Genesis Mining Maintenance Fees

As you can tell, all of the Genesis Mining contracts are different.

But, luckily, their maintenance fees only apply to one mineable cryptocurrency: Bitcoin.

Etherum, Litecoin, Monero, DASH, and ZCASH all have no maintenance fees, which is a HUGE plus.

And for Bitcoin, the maintenance fees are all the same for whichever of the 4 plans you choose.

All Bitcoin contracts have a maintenance fee of USD 0.00028 per GH/s per day.

Verification Process

For those people who want to be anonymous as possible, please note that you only need an email and password to be able to purchase hashrate from Genesis Mining.

There are no other KYC Genesis Mining enforces.

Accepted Payment Options

Once you have signed up to Genesis Mining, you can purchase hashrate right away.

Their accepted payment options are: credit card (VISA or Mastercard), Bitcoin (BTC), Bitcoin Cash, DASH, Litecoin, and Dogecoin.

Unfortunately, Genesis Mining does not accept PayPal.

Once you make your purchase, you will immediately begin cloud mining your desired cryptocurrency.

Genesis Mining Payouts

Your payouts will be in the cryptocurrency in which you are mining.

After you sign up and purchase hashrate, you can expect to receive your first payout within 48 hours (it needs a few hours to actually be able to mine your coins).

It will then be sent to the wallet in which you provide them with.

Genesis Mining Affiliate Program

On top of all of this, Genesis mining also has an affiliate program you can try earning extra hashrate off of.

There are 8 levels in their affiliate program:

  • Rank 1:Starter
  • Rank 2:Cooper
  • Rank 3:Bronze
  • Rank 4:Silver
  • Rank 5:Gold
  • Rank 6:Platinum
  • Rank 7:Diamond
  • Rank 8:Legend

Rank 1 you will gain 2.5% in bonus hashpower with every new sale.

Rank 1 you will gain 3.0% in bonus hashpower with every new sale.

If you already have a ton of hashpower AND you take advantage of this system, you will be laughing all the way to the bank!

Genesis Mining Review: To Sum It Up

In conclusion, Genesis Mining is one of the two cloud mining services we stand behind.

Cloud mining has a dirty name behind it, but, as with anything, if you do some digging you will find the diamond in the rough.

In the case of cloud mining, Genesis Mining is this diamond.

Although we can’t guarantee any profits from this program, if you do your calculations beforehand based on the contract you choose, you can find out very quickly whether it will be profitable or not.

In order to do so, you must make sure that the value of the cryptocurrency you are mining is MORE than both the cost of the hashrate and the maintenance fees involved (if applicable).

Do your own research and buy at your own risk.

But if you were going to take a leap of faith in any cloud mining service, it should be taken on Genesis Mining.

Click here to read our review on Hashflare.

Then pick the one that suits you best.

If you decide to choose Genesis Mining, you can receive 3% off of your cloud mining purchases just by signing up through this referral link.

This is our gift to you for reading through this whole article! ��

Jeremy Lawlor

Jeremy Lawlor is an SEO expert for hire. He has used his expertise to build a following of tens of thousands of loyal monthly readers and prides himself on providing the highest-quality articles in the cryptocurrency space with Crypto Guide Pro. He feels slightly awkward writing about himself in the third person but admits that it sounds much more epic.

4 thoughts to “Genesis Mining Review 2020 – Is It A Scam? Can I Expect Profitability, ROI, & Returns With Genesis Cloud Mining Contracts?”

A great article. I have been telling people this for so long. It is definitely not a scam. It is simply the biggest mining company and that makes them a target of all kind of speculations. I have been mining with GM for a while now and they gained my trust more than ever in this mining market crisis, when they stayed open and transparent and made effort to offer some solution. I have upgraded my contract and it works for me. Haven’t had any regrets doing so!

I’ve been using Genesis Mining for a really long time and I can say that they are a really good platform for mining.I didn’t have any problesm with it.So far it has shown me that is trustful.Would recommend to everyone how wonts to start mining.

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

Check if is scam or safe

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Web of Trust is a web service used by millions of Internet users to rank the safety of websites.

I would personally not trust a website that has a low trustworthiness on WOT.

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If the site is detected by Safe Browsing I would personally not visit it.

Check through multiple third-party security services.

This should help you to better identify scam, phishing and malware websites.

If the site is detected by at least one engine it may be a threat.

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Check domain with our database of “scam” words:

No suspicious words found in the domain name.

A legit shopping website should not use a branded name (i.e. rayban) in the domain name.

Only the original manufacturer (i.e. RayBan) should use its brand name in the domain name.

This option should help identify potentially fake online shopping sites.

Check if uses a valid HTTPS secure connection:

This site uses an HTTPS secure connection.

Issued From COMODO CA Limited
Valid To July 3, 2020, 1:59 am

An HTTPS secure (encrypted) connection is recommended for online shops and e-commerce websites.

So when you submit sensitive information they are securely transmitted over HTTPS.

I would never enter my credit card details in a non-HTTPS website.

Check if is popular among Internet users:

This site has a good online popularity. is ranked #255,239 among millions of websites according to Alexa rank.

An Alexa rank higher than 0 and less than 500,000 means the site has a good amount of traffic.

The more Alexa rank is low (but > 0) the more the website is popular.

Check when domain name was first registered:

Unable to get domain name registration date.

A domain created less than 3 months ago is considered new and thus potentially suspicious.

We may not have enough details to judge a website created only a few months ago.

Pay attention if you plan to buy goods from a “young” e-commerce website.

Check if the domain name has a commonly abused TLD:

The domain name has a commonly used TLD.

I would not buy goods from a domain that ends with .XYZ or .CLUB or .TOP.

We check the domain extension (TLD) to see if it is related to commonly abused TLDs.

Many scam websites have domains that end with uncommon and cheap TLDs.

This additional check should help you make the right choice.

IP Address
Hosting Provider CloudFlare
Country (US) United States

Before buy something from a new site:

  • 1) Check if the site has a “contact us” web page
  • 2) Avoid online shops that use free email providers (i.e hotmail, gmail)
  • 3) Check if the site shows info about its company (name, address, country)
  • 4) Check if the site has an “about us” or “company” web page
  • 5) Check if the site has a valid VAT or Partita IVA number (EU only)
  • 6) Don’t be fooled by low prices, if it looks too good to be true, pay attention
  • 7) Check if the site has a social profile (Facebook, Twitter, Instagram)
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  • 9) Analyze the domain WHOIS data to find info about the site owner
  • 10) Look for possible English (or other language) grammar errors
  • 11) Do not pay via credit-card, use PayPal instead (easier to get refunds)
  • 12) Verify that the website is certified by McAfee SECURE
  • 13) Never enter sensitive information on non-HTTPS pages

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