• Steps to Bitcoin Cloud Mining Using

Steps to Bitcoin Cloud Mining Using Genesis Mining

Bitcoin mining is an activity not many people can partake in due to the high energy, hardware, internet and maintenance costs. This explains why Bitcoin mining has been centralized in certain parts of the world where the costs of electricity are low to guarantee profitable mining. However, with the onset of cloud mining, Bitcoin, and other cryptocurrency mining activities have become cost-effective. The best Bitcoin cloud mining provider out there is Genesis Mining because it offers top-notch cloud mining services without hidden charges. Here are the steps to mining Bitcoins through Genesis Mining:

Create a Bitcoin mining account with Genesis Mining

The first course of action is to create an account with Genesis Mining. It doesn’t cost you anything to do that. In the left sidebar of the Genesis Mining site, you’ll find all the information you need to control your investments.

Buy space on the server to mine Bitcoins

This is where you start your investment by purchasing mining power. When you are on the home page of Genesis Mining site, check out the menu on the left, and choose ‘’Buy Mining Power.” A list of all the investment options will come up. It’s a good idea to select a Bitcoin mining contract with a lifetime plan

Choose the payment system for the Bitcoin cloud mining plan

You will find this option from the panel on the right-hand side of the Genesis Mining site. There are multiple payment options to choose from, including credit card and Bitcoin, as well as Litecoin, Dash, Dogecoin.

Make payments for the chosen Bitcoin cloud mining plan

Because we are interested in mining Bitcoins, pay using Bitcoins or credit card. The system gives you thirty minutes to pay. After the thirty minutes elapse, the order is automatically canceled. You’ll then take time to read the particulars of the contract. Check out the daily maintenance costs and the total amount of Bitcoin you’re required to pay. You’ll then be required to accept the terms and confirm the order.

View the Bitcoin cloud mining purchased mining contract

After confirming the order, give it some minutes, and then, head to’’My Orders’’ box to see the purchased mining contract. You can now easily see from the control panel that you’re already in the business of cloud mining Bitcoins.

Conclusion

Note that Bitcoin mining is a high-risk venture and it hinges on the current price of Bitcoins. That’s why experts recommend that you diversify your portfolio. But the most important thing is to start small until you get the hang of it.

By | 2018-03-21T12:31:13+00:00 March 23rd, 2018|Blog|0 Comments

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