What Is Bitcoin Mining About, Exactly?
I know you are here because you want to know the most profitable bitcoin mining, the battle is Genesis vs Hashin24. With the rise of cryptocurrency, Bitcoin in particular people have started looking for ways to mine them.
Armed with the internet half the battle is won, because the internet is everything in this age. There are so many ways to make money with Bitcoin, one of such ways is to start mining Bitcoin or cryptocurrencies.
There is a problem when it comes to mining Bitcoins, for anybody to efficiently mine Bitcoins, you need certain hardware, although these hardware requirements can be met online at shopping websites they can be heavy on one’s pocket.
With the minting process comes the problem of cooling the system as it has to run round the clock and needs to be cooled to work efficiently other problems include setting it up and electricity needs.
Cloud mining comes to rescue from these problems and saving people the trouble of setting up space and electricity. There are a number of cloud mining site over the internet but many of them discovered recently are found to be fraud.
You would like to give your hard-earned money to industry leaders in cloud mining and the name that comes to mind when it comes to flagships are Genesis mining and Hashing24 because they are my top most bitcoin mining pool so far.
Genesis Mining: The Veteran Major Player
Genesis Mining has been the oldest cloud mining companies to be around and is one of the companies which have their data center public and in Iceland. They have the latest hardware and thanks to their optimal locations they are cooled efficiently and cheaply.
Genesis Mining Vs Hashing24 | Which Is Profitable | YouTube
Unlike other companies which claim to be cloud mining companies but do not disclose their location or about themselves Genesis mining is a completely transparent company with data center made public.
Currency other than bitcoins can also be mined and specific hash power for each currency can be easily set up by the user.
Genesis Mining Farm and the Employee | YouTube
Hashing24: Trusted For Great Earning and Fast Payment
One of the other genuine companies is Hashing 24, listed as a partner of Bitfury there is no spot on the credibility of the company.
Trust is ensured by transparency and review of Hashing 24 has shown that its addresses and offices are listed publicly and on its website, one can go down to Scotland and find their office.
They also offer to discuss the plan with clients who don’t have time to go through them on their site itself can discuss them with the representative whose numbers are provided on the site and they can also be contacted by email.
Offering a number of plans and claiming 100% uptime they claim to provide best in class gains for potential investors.
Hashing 24 – Most Profitable | YouTube
Hashing24 Follows a Classified Approach
While Hashing 24 claims to be the best for gains the one factor that doesn’t work in their favor is the data centers,
Genesis mining has its data center with all the hardware and stuff in Iceland i.e. it is public on the other hand Hashing 24 hasn’t disclosed the location of their data center.
Review of Genesis mining company disclosed that it charges a maintenance fee which is fixed at 0.00028 per GH/s per day which when compared to maintenance fee charged by
Hashing 24 is lower by 0.00005 per GH/s per day.
This does not mean that Genesis mining is more profitable, Hashing24 offers lifetime plans whereas the plans offered by Genesis mining are open-ended with a term of 2 years.
Both of the cloud crypto mining companies offer daily payouts. Trust in cloud crypto mining currency based companies is established with time and as far as time is concerned the Genesis mining is one of the earliest established companies.
Hasing24 began its operation in 2016, however, the Bitfury mining data center as claimed by the company to put credibility in Hashing24’s name.
Reinvestment Through Hashing24
One of the features offered by the Hashing24 is reinvestment which allows you to buy extra hashing power with the bitcoins just mined which is more profitable.
The absence of this feature in Genesis mining means that you can reinvest before payout i.e. a person will first receive a payout and then if he has to reinvest it has to be done again through a different channel which leads to the subjection of the client to unnecessary transaction fees.
Genesis mining offers an extreme flexible allocation of hashing power and the client can decide which coins to mine with their hash power this feature proves to be useful for people mining several cryptocurrencies.
What do you think? Which one is more profitable? Is it Genesis or Hashin24? While Hashing 24 is certainly not the oldest and most reputed company but it does offer a unique and intriguing approach.
Genesis mining offers transparent hash power providers and they do have some shortcomings but it is one of the most trusted hash power providers. The battle is always Genesis Vs Hashing24 until years to come when another company can compete well to beat these two Bitcoin mining pool.
The decision to choose which provider suits your needs is yours so choose wisely. What you should know is that bitcoin mining is a top proven strategy to making your money work for you.
So what is your thought? Do you have a better way of mining bitcoin? I need you to share with my audience so that we can both learn from you. You are also free to drop your idea and comment below.
Won't like to know which one I am going for between Genesis Mining and Hashin24? My choice is always Hashing24, it has been the most profitable bitcoin mining pool for me.
Hashing 24 VS Genesis Mining | YouTube