The well-known company of cloud mining Genesis Mining encourages some customers to switch to a premium-account, which provides cooperation for five years. The client service will no longer be available if it refuses to fulfill this condition.
The innovation will affect those customers whose contracts bring less money than is required to service them, the company said in a statement. Thus, Genesis Mining gets rid of unprofitable contracts.
In its blog, the Icelandic company said that it would be forced to terminate contracts with those users whose contracts do not bring the required amount of funds and do not cover maintenance costs for two months. Those who want to stay on the platform will have to transfer their accounts to a premium rate.