Mining is basically a process of validating transactions in the cryptocurrency world. Just like banks get a fee for processing your credit card payments, miners get a fee for processing cryptocurrency transactions.
The major difference with banking is that there is also a fixed pay for miners, so even if there are not a lot of transactions, miners still get their pay. Imagine government paying banks every day just because they exist. This allows keeping mining profitable even while bitcoin is still not widely adopted.Though possible, hardly anyone would want to mine bitcoin at home. Mining equipment is not only expensive but also not suitable for home or garage. It is loud and high-power consuming. It works in maximum performance mode 24x7 and needs moving parts to be replaced often. Its portability, price, and loudness allow people to easily find it and steal it.
Mining at home might look like a passive income, but actually requires a lot of time and becomes a business on its ownCloud mining is buying a share of the hashrate of a large mining operation. With that, you get a lot of benefits - cheap electricity, no need for replacement parts or watching equipment, etc.
All is included in one simple maintenance fee, which allows you to easily predict earnings and hold no risks.You can withdraw your cryptocurrency anytime as you wish.
The mining equipment is spending electricity and requires constant maintenance. All this is included in one fee, which is called Maintenance Fee. Right now it is $0.12 per 1TH/s per day.
Yes, there is an agreement that must be signed to protect both the customers and ourselves.
The mining equipment is spending electricity and requires constant maintenance. All this is included in one fee, which is called Maintenance Fee. Right now it is $0.12 per 1TH/s per day.
Yes, there is an agreement that must be signed to protect both the customers and ourselves.
Setup time ranges from as short as 1 day to 1 week depending on number of units being installed.
Yes, however hosting GPUs is a custom request and will require you to contact us beforehand to discuss setup.