Just got an e-mail update (31 December 2017) from Genesis Mining wishing miners a happy New Year and some updates like Bitcoin Cash payouts and new payout thresholds for Bitcoin and Ehter.
Snapshot from e-mail
Genesis Mining Update
Hello Miners,
We just wanted to reach out and say happy holidays, and a happy new year. It’s been an amazing year for cryptocurrency, and we’re so grateful to each and every one of you for being a part of the movement! There has been a huge influx of new users in the cryptocurrency world, and to our services. Whether you’ve been with us for years, or are just joining, we’re happy to have you and are excited to serve you in 2018!
We’ve put together a blog post with a highlights reel of Genesis Mining news from this year. Check it out for a rundown on what happened this year, as well as some glimpses into 2018!
We also wanted to announce that we’ll be offering Bitcoin Cash (Live on 31th of Dec) as AUTO (Automatically traded) and as fully minable option in the beginning of January for all Bitcoin mining contracts!
If you aren’t familiar with Auto, we call it the Genesis Mining Advanced Autotrader, and it allows you to get your payouts in numerous different coins even if they are not mined directly by a certain algorithm. For example, you can get your payouts in BTC while mining with a X11 algorithm.
This is done by mining the most profitable coins for your specific contract, which are then automatically exchanged to your currency of choice by our algorithmic trading framework. This is a cost effective way of mining different coins. The same technique is also used to mine LTC with a SHA256 contract, etc.
One final update, our minimum payout threshold is increasing to 0.003 for Bitcoin and to 0.075 for Ether due to the current high network fees. These minimum thresholds are in place so your payouts are not eaten up by transaction fees and we're always keeping an eye on them and adjusting them accordingly.
We hope all of you enjoyed the holiday season, here’s to an even more exciting 2018!
To the moon,
Genesis Mining Team
Genesis Mining
If you are interested in learning more about Genesis Mining then click here to visit their website and use promo code Q1MYO7 for a 3% discount on your first mining contract purchase.
If you have an account at Genesis Mining, you will receive a 3% discount on your next upgrade using promo code Q1MYO7
You can pay for your mining contracts at Genesis Mining using Credit Card, Bitcoin, Dash, Litecoin, and Dogecoin.
Genesis Mining Bitcoin Mining Farm in Iceland (1 minute) Video
Genesis Mining X11 Cryptocurrency Farm Build (2 minute) Video
Genesis Mining Enigma "The Largest Ethereum Mining Facility" (2 minute) Video
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Coinbase
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The reason I like Coinbase is that they stand up to an over-reaching government: Coinbase Obtains Partial Victory Over IRS, 29 November 2017
Ledger Nano S
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Thank You!
Thank you!