Dear Bitcoin Miners,

Last month when we announced that due to market conditions, contracts would be cancelled after 60 days of being inactive, many of you were understandably frustrated.

 

We’ve been behind the scenes working on a solution and after speaking directly with many of our customers, we have a solution we would like to offer.

 

As you are aware, after a breakneck runup in 2017, many users purchased mining contracts in Q4 2017 when the industry was most bullish. Indeed, bitcoin prices went through the roof last year. Since then, the bitcoin market, and cryptocurrency markets broadly, have cooled. This coupled with the difficulty increase resulted in lower returns than expected by users who started mining at peek bitcoin prices.

Over the past few weeks, our sales team has spent their time speaking with customers and our marketing team has spent their time listening on social media and reading all your feedback.  

 

One of the key themes we’ve found, particularly from institutional and long term investors, was to give users the option to keep the contracts active.

 

Based on our conversations, we are now offering those who have purchased Open-Ended Contracts the option to extend the 60 day grace period by directly paying the daily maintenance fee required to maintain the miners. By doing this option, you are purchasing your daily maintenance fee in advance for a certain period -- this means you will immediately start receiving 100% of your mining outputs  without the deduction of a daily maintenance fee

[For more detailed  information, please refer to the FAQ on the dashboard page.  We would like to stress that maintenance fees are not something that Genesis Mining profits from. They represent the fixed costs required to keep the miners running with the primary expense being electricity.]

 

유지비용 보수보다 채굴량이 적으면 계약해지를 한다는 것입니다.

한마디로 돈 더 넣어라 입니다. 해지 당할래? 5년 업글권 구입해서 코인 받을래? 입니다.