Bitcoin and altcoin mining depends highly on the prices and difficulties of the coins you mine. It would not “look right” if we provide data on the mining profitability and selling contracts at the same time. Therefore, we recommend all our clients to do their own research and do their own profitability calculation.

For example, you might want to have a look at coinwarz.com. Remember that some of our products have a daily maintenance fee, and this must be deducted from the daily earnings.

Please note that the website is an independent source of reference and not related to Genesis Mining in any way.

It is always possible that a miner crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.

We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate. Going forward we will solo-mine a few coins (and pass the fee savings to our users!).

Our internal policy is: "be a good crypto citizen". This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.

For security reasons, we do not disclose the exact location of our mining farms. As of April 2015, we are operating several mining farms that are located in Europe, America and Asia. Electricity cost and availability of cooling are important, but not the only criteria.

You are able to mine Bitcoin and various altcoins. As of June 2016, we provide the following coins:

For SHA256 we offer: Bitcoin, Unobtanium, Bitcoin, Dark, Litecoin, Dash, Zetacoin and Darkcoin.

For X11 we offer: Dash, Startcoin, Bitcoin, Litecoin, Dogecoin, Bitcoin Dark, Peercoin and Namecoin.

For Ethereum we offer: Ether and Bitcoin

We add new coins to this list from time to time.

A special feature is the “Genesis Mining Advanced Autotrader”:
For example, it allows you to get the payouts in BTC while mining with a X11 algorithm! This is possible by automatically mining the most profitable X11 altcoins which are then automatically exchanged by our algorithmic trading framework to BTC. This is a very cost efficient way of mining different coins. We call it “mining BTC the smart way”.

The same technique is also used to mine LTC with a SHA256 contract.