Genesis Mining Inventory Availability Review
When I first found Genesis Mining was in December 2017. Although I could see they had Bitcoin Mining and four alt-coins types. Yet the only plans Genesis they had available to purchase was Monero. The other cloud mining plans were ‘sold out’.I purchased three Blaine planes at 830 each, 3x $830 – 1000 H/s Monero mining 2 Year contract, No maintenance fee
Completely Sold out
By the first week of January, even the Monero Plans had completely sold out. At this point, there was simply nothing for them to sell on their pricing page.
For about two weeks they did not sell anything, I even wrote to their customer service asking if there is any Hashrate for sale in the second week of January.
Here is Genesis’s Customer Service’s response:
No plans available at the moment.
Not even Pre-order
“I think it is better they sell Pre-Order contracts than no inventory at all”
Pre-Order Sales Made Avilable
On January 25th Genesis announced a Pre-Order of Ethereum mining contracts starting at the end of April. It was a Pre-Order… still a two-year long mining contract, but mining would not start until April. To Avoid Hassles Genesis clearly states: No Refunds on Purchases. when buying a Pre-Order contract.
I think it is better they sell Pre-Order contracts than no inventory at all. I purchase one of the small plans :
1 X $1520 – 40 MH/s 2 Years Ethereum Mining *(Mining Start 30.04.2018. – No refunds) No maintenance fee
In the first week of February, Genesis have added another Pre-Order of Zcash Mining contracts also staring at the end of April.
The Zcash starter plan price tag to mine at $530 for a two-year contract. This is much smaller entrance price compare to Ethereum stater plan at $1520.
I purchased one (1) the Ethereum Pre-Order “Small Plan” mining contract. I really wanted to get a Zcash “Small Plan” but now its too late, for now.
- Here are my thoughts on cloud mining and why I liked to get into it.
Genesis Mining’s Advanced Autotrader “AUTO”
The good thing about the Monero Mining Plans I got is that I like Monero as an alt-coin but more importantly, and I have only seen this at Genesis mining is that they have developed an inhouse Autotrader. This allows you to allocate your earnings to other coins and get the payouts in those coins. They call it “mining BTC the smart way”.
I still mine Monero, but I also trade about 50% of my earnings for Bitcoin, and 20% of my earnings for lite-coin, which has really low minimum payout thresholds.
Ethereum Mining Pre-Order Sale
Out of Stock, again 😉
For now it looks like their plans have been sold out. Keep up the good work Genesis Mining team! If your still interested in mining and do not wish to wait for Genesis Mining Stock of Hash Rate Plans to come available though check out HashFlair IO or read my review of them here. Right now they have a Spring Sale with 10% off promo on HashFlair IO’s Plans Prices too.