Genesis Mining

Genesis Mining is an online mining software. The concept is that you invest some money and it mines more coins for you.

The biggest downside we’ve seen is that users complain how they don’t see their initial Return on Investment (ROI) until 1-1.5 years later. However, going in with the knowledge that this is an investment, you can actually reinvest the coins mined back into your account to generate more coins.

Some have referred to this as a pyramid scheme which will ultimately result in the site shutting down. Genesis mining has been around for a few years now and seems to be going strong. Plus, the other upside is that you don’t pay electrical fees or hardware fees with a hardware miner. It’s another tool to have in your back pocket.