How to mine crypto-currencies with Genesis Mining ?
You want to use Genesis Mining for miner of the crypto-currency, but you don’t know how to do it ? No problem, since we are going to show you how to do step-by-step.
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Genesis Mining is a website that offers open contracts in a pool of mine. An open-end lease means that your contract will be active for as long as it will be profitable. If your profits are zero, the contract will be maintained for 60 days before it be ended, if your gains are zero during this period. However, please note that operation costs are taken from your earnings before you get on your account.
The operation of Genesis Mining
Genesis Mining is a site multipool, that is to say that you can undermine many crypto-currencies at the same time. By default, this will be the crypto-currencies are more profitable that will be mined. The crypto-currencies that you can undermine on Genesis Mining are Bitcoin, Ethereum, the Monero, the Dash, the Zcash and Litecoin. In addition, this pool is available 24 hours on 24, so you can enjoy a greater output.
When you have created your account and selected your offer, you’ll get an interface which will indicate the computing power you have for each crypto-currency. Obviously, the more your computing power is high, the more your daily income will be as well. However, you can distribute the computing power you have as you want. For this, you need to click on the button ” Mining Allocation “, in the bottom of the page. You’ll also see another button called “Upgrade Hashpower” that allows you to increase your computing power by purchasing new contracts of mining. A contract for mining of the Bitcoin is valid for life while the contracts for the other crypto-currencies are two years. You can pay for its contracts by credit card or by using crypto-currencies.
The payment on Genesis Mining
You must have an online wallet to receive your winnings. You will need to configure it by going to your account settings and clicking on ” Wallet “. You can enter the address of your portfolio. Once this is done, you will finally be able to touch your earnings, which will be sent directly to your wallet after it reaches a certain level. It varies according to your contract.
At the end of your first day of mining, you can discover your earnings of the day, as well as your level of payment. Once you have reached it, you will automatically receive your earnings on your portfolio and will be able to use them.
What you must remember
- Genesis Mining is a multipool mining, ensuring that you will be able to undermine many crypto-currencies at the same time.
- Once you are registered on Genesis Mining, you have to buy contracts allowing you to choose the crypto-currency that you want to undermine.
- As soon as you have reached the stage of payment, you will receive your crypto-currency directly on your portfolio. However, you must remember to go into options to set the address of your portfolio.