Is Genesis Mining Still Working? Reviews, Payouts, and App Status

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For years, Genesis Mining was one of the most recognized names in cloud mining, offering users an accessible way to earn Bitcoin and other cryptocurrencies without owning or managing physical hardware. However, since 2021, the platform has undergone a dramatic decline—ceasing new contract sales, suspending payouts, and becoming largely unresponsive to users. Today, many are left wondering: Is Genesis Mining still working? This article provides a comprehensive review of its current status, payout issues, app functionality, and trusted alternatives.

What Was Genesis Mining?

Genesis Mining launched in 2013 as a cloud-based cryptocurrency mining service. It allowed users to purchase mining contracts by leasing computing power (hashrate) from remote data centers. These centers, located in energy-efficient regions like Iceland, Canada, and Bosnia, used sustainable power sources such as geothermal and hydroelectric energy to reduce operational costs and environmental impact.

Users could mine various coins—including Bitcoin, Ethereum, and Litecoin—by investing in hashrate packages. Returns were distributed based on the user’s share of total mining output, with daily payouts credited to their accounts.

The company was co-founded by Marco Streng and Jakov Dolic and quickly gained credibility as one of the first large-scale, transparent cloud mining providers. For years, it maintained active engagement through industry events and official communications, building trust among both novice and experienced crypto investors.

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Legitimacy and Reputation: Is Genesis Mining Real or a Scam?

The question “Is Genesis Mining legit?” has evolved over time. In its early years, the company operated transparently and fulfilled its obligations. However, starting around 2018, users began reporting delayed payouts, reduced profitability, and contract terminations due to claimed “unprofitability.”

During the 2018–2019 crypto bear market, Bitcoin prices dropped significantly, making mining less profitable. Genesis responded by suspending or terminating underperforming contracts—actions that frustrated users who had expected consistent returns. While the company never promised guaranteed profits (a legal safeguard), its lack of clear communication damaged its reputation.

By early 2021, Genesis Mining stopped selling new contracts entirely. Its website has seen no meaningful updates since, and customer support has become unresponsive. Although there’s no definitive proof of a scam, the platform’s silence and frozen user balances have led many to conclude it is effectively defunct.

Today, Genesis Mining is not operational for new users, and legacy account holders face significant challenges accessing their funds.

Genesis Mining App and Tools: Are They Still Functional?

At its peak, Genesis Mining offered a web-based dashboard where users could monitor their hashrate, earnings, and contract status. While some referred to it as the “Genesis Mining app,” there was no standalone mobile application—only a responsive website interface.

The platform featured tools like:

However, since 2021, these tools have been taken offline or are no longer updated. The dashboard remains accessible for some users but shows static data with no new mining activity. Third-party apps or bots claiming to integrate with Genesis Mining—such as genesisminingbot or genesisminingvip—are not affiliated with the company and should be avoided.

If you're still logging in, don’t assume your balance reflects active earnings. Most reported balances are likely frozen or symbolic, with no path to withdrawal.

Payouts and Profitability: Can You Still Withdraw?

Short answer: No.

Since February 2021, Genesis Mining has halted all withdrawals. Users report being unable to meet payout thresholds due to suspended mining activity, rendering their balances inaccessible. Customer support emails go unanswered, and official channels remain silent.

Previously, payouts were made daily in cryptocurrency (e.g., BTC or ETH), with minimum thresholds that varied by coin. The now-defunct profitability calculator helped users forecast returns based on contract terms and network difficulty.

Now, users seeking accurate profit estimates turn to third-party tools like the NiceHash calculator. But for Genesis holders, the reality is bleak: without active mining or withdrawals, no real profitability exists.

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Promo Codes and Discounts: Are They Still Valid?

Genesis Mining once offered promotional discounts—such as the 3% off code Xy3Pbc—through affiliate partners. These codes were popular among new users looking to reduce upfront costs.

However, with no new contracts available since 2021, all promo codes are now expired and cannot be redeemed. Any websites still promoting Genesis Mining discounts are likely outdated or misleading.

Trusted Genesis Mining Alternatives in 2025

With Genesis Mining inactive, many users have migrated to more reliable cloud mining and hashrate rental platforms. Here are three leading alternatives:

NiceHash

NiceHash operates as a hashrate marketplace, connecting buyers and sellers of computing power. It supports over 30 mining algorithms and uses auto-profit switching to maximize returns. Payouts occur every four hours in Bitcoin (minimum 0.00001 BTC). With no long-term contracts and real-time dashboards, it’s ideal for advanced users.

MinerGate

MinerGate offers multi-coin mining pools with support for Ethereum, Monero, Litecoin, and Zcash. Its Smart Mining feature automatically selects the most profitable coin. The platform includes a clean UI, live hashrate tracking, and an Android app—making it perfect for beginners.

Kryptex

Kryptex is designed for home miners using standard PCs. It benchmarks hardware to optimize performance and supports dual-mining for up to 25% higher profits. Payouts start at just $0.50 and can be withdrawn in BTC, USDT, SEPA, or gift cards. Full power control and auto-restart features enhance reliability.

These platforms offer transparency, active payouts, and responsive support—key features missing from the current Genesis Mining experience.

FAQ: Common Questions About Genesis Mining

Q: Is Genesis Mining still paying users?
A: No. Since February 2021, all payouts have been suspended, and withdrawals are disabled.

Q: Can I recover my funds from Genesis Mining?
A: There is no official recovery process. Some users suggest checking old wallets for small pending deposits, but most balances remain frozen.

Q: Is the Genesis Mining website still safe to use?
A: The site remains online but is not updated. Avoid entering sensitive data or downloading third-party tools claiming affiliation.

Q: Are there any legal actions against Genesis Mining?
A: Multiple complaints have been filed on forums like Trustpilot and Reddit. While no major class-action lawsuit has succeeded, affected users are encouraged to document their cases.

Q: Was Genesis Mining a scam?
A: Not definitively. It operated legitimately for years but failed to communicate effectively during its decline, leading to widespread distrust.

Q: Can I use a bot to automate Genesis Mining?
A: No. The platform no longer supports automation. Any bots claiming to work with Genesis are outdated or fraudulent.

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Final Verdict

Genesis Mining is no longer functional. Once a pioneer in cloud mining, it has become inactive—halting contracts, suspending payouts, and abandoning user support. While the website remains online, it serves only as a relic of its former self.

For those still holding legacy accounts, the chances of fund recovery are slim. The best course of action is to shift focus to active, transparent alternatives like NiceHash, MinerGate, or Kryptex.

As the crypto landscape evolves, so must our tools. Relying on defunct platforms risks both financial loss and missed opportunities.

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