Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts40.24

As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services.

Leading cloud-based cryptocurrency mining service Genesis Mining announced this morning via an official blog post that the firm would no longer be supporting its lowest tier Bitcoin mining contracts. The firm cited a combination of Bitcoin’s downtrend and a difficulty increase around “April and May” that “reduced mining outputs.”

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