After a long period of offering exclusively scrypt hashpower, Genesis Mining launched its new sha256 mining contracts in the beginning of September and became the World’s first large scale multi-algorithm cloud mining service.
The launch was followed by a complete restructuring of the company’s pricing mechanism: instead of yearly contracts, Genesis Mining now sells hashpower for an entire lifetime.
The company goes even further by challenging the whole market with prices that are well below the industry’s current level. Marco Streng, CEO of Genesis Mining says: