Genesis Mining

Q: Is Genesis Mining still working?

Not for new customers. Its website says it has not sold mining plans since February 2021 and does not offer any now.

Q: Can I buy a Genesis Mining contract in 2026?

No. Genesis Mining says any website or person selling plans on its behalf is fraudulent.

Q: Are genesisminingbot and genesisminingvip official?

No. Genesis Mining names both as sites that copied its design and content and are not linked to it.

Q: When was Genesis Mining founded?

In 2014. It was Iceland based, with mining in Iceland and Canada after starting in Bosnia and China.

Q: What happened to Genesis Mining contracts in 2018?

Unprofitable open-ended contracts were ended. Contracts that mined less than the daily maintenance fee lost service after a 60-day grace period, and customers were offered five-year contracts.

Q: What is the best Genesis Mining alternative?

A provider that is selling and paying out today. Compare options on our Genesis Mining alternatives page.

Cloud mining provider launched in 2014. No mining plans on sale since February 2021.

No plans on saleCloud miningSince 2014

See alternatives ↗Last verified: 5 Nov 2026

Fact-checked

Refael EliyahuMarketing, Startup StashEconomics-trained and numbers-first. He owns content, SEO, and distribution here, and every tools page goes through him before the Fact-checked mark goes live.

2014Founded

IcelandBase

Feb 2021Last plans sold

NonePlans on sale today

The short version

Is Genesis Mining still working?

Genesis Mining no longer sells cloud mining plans. Its own website says it has not sold plans since February 2021, offers none today, and treats any site selling Genesis Mining plans as fraudulent.

Genesis Mining launched in 2014 and was widely covered as a major cloud mining provider. Customers paid for hashing power in its facilities instead of running their own hardware. It started in Bosnia and China, then moved to Iceland and Canada for the cold climate and cheap power. In 2018, after the bitcoin price fell, it ended open-ended contracts that no longer covered their daily maintenance fee and pushed customers towards five-year contracts.

Bottom line: if a site offers you a Genesis Mining plan today, it is not the real company. Genesis Mining names genesisminingbot and genesisminingvip as copycats. To compare mining options that still run, see our Genesis Mining alternatives page.

What it did

Key features

Hashrate contracts

You rented hashing power for bitcoin and other coins, and the company ran the machines.

Cold-climate facilities

Mining moved to Iceland and Canada, where cooling and power were cheaper.

Maintenance fees

A daily maintenance fee came out of mining output. Contracts that earned less than the fee were ended in 2018.

Five-year contracts

From 2018, customers who wanted to keep mining were moved to premium five-year contracts with no early exit.

What it cost

Genesis Mining pricing

Option	Price	Status today
Cloud mining plans	Not sold	No plans on sale since February 2021.
Open-ended contracts	Maintenance fee	Ended in 2018 when output fell below the fee.
Sites selling "Genesis Mining" plans	n/a	Fraudulent, according to Genesis Mining.

Genesis Mining's site lists no prices today. Contract details above come from 2018 news coverage.

Honest fit

What still works, and what doesn't

Still works

The fraud notice on Genesis Mining's own site
Cloud mining and hosting from providers that still sell
Running your own hardware through a mining pool

No longer available

New Genesis Mining plans or contracts
Open-ended contracts ended in 2018
Any plan sold by copycat sites

What people ask

Genesis Mining FAQ

Is Genesis Mining still working?

Not for new customers. Its website says it has not sold mining plans since February 2021 and does not offer any now.

Can I buy a Genesis Mining contract in 2026?

No. Genesis Mining says any website or person selling plans on its behalf is fraudulent.

Are genesisminingbot and genesisminingvip official?

No. Genesis Mining names both as sites that copied its design and content and are not linked to it.

When was Genesis Mining founded?

In 2014. It was Iceland based, with mining in Iceland and Canada after starting in Bosnia and China.

What happened to Genesis Mining contracts in 2018?

Unprofitable open-ended contracts were ended. Contracts that mined less than the daily maintenance fee lost service after a 60-day grace period, and customers were offered five-year contracts.

What is the best Genesis Mining alternative?

A provider that is selling and paying out today. Compare options on our Genesis Mining alternatives page.

Keep comparing

Genesis Mining alternatives

Genesis Mining alternativesMining options that still run

Crypto mining softwareEvery mining tool in our directory

Slush Pool alternativesIf you run your own hardware