Hashing 24 and Genesis Mining are what are regarded as pioneers in the industry of cloud mining. Cloud mining is regarded as the process of mining bitcoin, a form of digital currency that utilizes remote datacenters with a shared processing power. This form of mining has gain popularity over the years as it allows users to mine cryptocurrencies without the need for knowledge to manage hardware. This article analyses a hashing24 review as well as a review of Genesis Mining in determining their strengths and drawbacks.
Genesis Mining is a cloud mining company based in Hong Kong. Currently, its bitcoin mining team is comprised from different scientific disciplines, brought together through their enthusiasm for cryptocurrencies. Co-founded by Marco Streng, who is also the current CEO of Genesis Group, the company was founded by the end of 2013 as a means to make cloud mining more inclusive of those interested. Hashing24, also occasionally referred to as ‘hashing 24’ or ‘Hash24’ has also emerged as a prominent contender in the bitcoin mining industry. Founded in 2012, its initial mining power supplies are among the mining industry’s most marketable leaders, BitFury.
Using various altcoins, Hashing24, a Scotland-based company, allows its users to use its integrated exchange services in buying new hash power and auctioned hash power. An advantage that Genesis Mining possesses over its fellow competitor is the amounts and types of coins supported. With Genesis Mining, users can choose to mine BTC, ETH, LTC, DASH, ZEC, DOGE whereas Hashing24 only permits the mining of BTC coins. While both services provide a daily payout, Genesis Mining has a relatively higher minimum payout. Correspondingly, Genesis Mining also imposes a relatively lower maintenance fee as opposed to Hashing24.
Overall, through a comprehensive analysis of reviews, it can be deduced that the bitcoin mining industry clearly favors Genesis Mining as their primary preference in accommodating to a competitive need to uphold transparency, reliability, and profitability.