Genesis Mining reports that the profitability on their Ether cloud mining contracts is soaring amid rising Ether prices in recent weeks.
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Genesis Mining’s Bullish Sentiments Paying Off
Launched in December 2015, the Genesis’ Ether mining contracts are seeing “rapid ROI,” as the number of Ether contract holders rises above 130,000.
Commenting on the launch of the cloud mining contracts last December, Genesis Mining stated:
“Our customers asked and we listened. Due to our large-scale GPU mining activities we are glad to offer significant parts of our farms for Ether mining in the cloud. Users can therefore benefit from our economy of scale and our geothermal-powered and optimized GPU mining rigs in Iceland. We are bullish on Ethereum and look forward to giving our customers the chance to profit from this exciting innovation and also support the network.”
Genesis’ bullish sentiments towards Ethereum seems to be paying off for their customers. Ether miners have the skyrocketing market price to thank for their super-charged profitability. Six months ago, the Ether price sat at $0.89 USD. As of press time, the crypto-token is now at $12 USD, rising by 1,350 percent in the last 180 days alone.
The company’s CEO Marco Streng is pleased with the growing profitability of the Ether cloud mining contracts. “Being the only cloud mining company in the industry to offer Ether is giving our customers a tremendous advantage,” Streng says. “Right now, Ether is buzzing and the value is rapidly increasing. This makes the perfect opportunity for those looking to enter into a new investment class and we are pleased to be the only source for miners to do it.”
For a limited time, Genesis is offering a 5% discount on all annual Ether cloud mining contracts. Users can take advantage of this discount by using the code “Ethereum5” at checkout. This promotion expires on Saturday, March 19 at midnight CET.
About Genesis Mining
Genesis Mining was founded at the end of 2013. They got to know each other by using the same platform for buying and selling Bitcoins. As our company and its user base grew, new mining farms were built up and several additional people hired, specifically programmers and engineers.
The current members of our team come from different scientific disciplines, but our common faith in cryptocurrencies has brought us together. We are all strong believers in the future of digital currencies and we love being part of this growing community!
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Images courtesy of Bitcoin Update, Genesis Mining.
