Since the end of last year, miners around the globe are struggling to stay in the game. All this time we kept our eyes on the market and followed your comments regarding the heavily declining mining rewards. We were of course very uneasy about seeing our customers not getting what they expected.
However, as a hashpower hosting service, we can only influence one out of the three main factors that determine mining rewards, and that is the infrastructure. We’ve always strived to deliver the best deals by deploying the most efficient technology available at the time. The market price of Bitcoin and the mining difficulty are factors we cannot control.
Unfortunately, Bitcoin went into a downward trend around January. This trend combined with the heavily rising difficulty around April and May reduced mining outputs even further. As a result, some user contracts are now mining less than the daily maintenance fee requires to be covered, and thus they entered the 60 days grace period, after which open-ended contracts will get terminated.
As thanks to all our early supporters, we want to give you the opportunity to upgrade your existing Bitcoin Mining contracts to Radiant contract terms with a premium discount.
The pricing of Radiant was constructed for the sole purpose of keeping your hashpower running even in the toughest market conditions.
The idea behind this offer is to show that we are well aware of the situation. As strong believers in the industry and its potential, we are certain the market will soon recover. We want to help you to keep mining!
Key Details of Upgrade:
- Price per 1 TH/s for the Radiant Bitcoin Mining Upgrade is $180 instead of $285
- Run time gets converted from open-ended to 5 years with no termination
- Reduced Maintenance fee: $ 0.14 per day
For more information, please check the dashboard.
The Genesis Mining Team