FAQs

FAQs2024-10-20T02:02:38-04:00

Frequently Asked Questions

What is Bitcoin mining?2024-10-21T02:13:09-04:00

Bitcoin mining is the process through which the Bitcoin network confirms transactions without any intermediary taking a cut. Bitcoin miners operate special computers that require the use of energy to a) protect the network from attack, b) verify legitimate transactions, and c) incentivize miners for their work in the form of newly minted coins. Through this process, the Bitcoin network settles roughly $20 billion USD in transactions per day, and it has the capability to scale to $1 trillion per day.

The Mining Engineer Fellowship is two years long.

Applications are accepted on a rolling basis. Submissions will be evaluated as they are received. There is no deadline to apply.

What is cryptocurrency?2024-10-21T02:10:02-04:00

Cryptocurrency is digital currency that does not rely on any central authority. Transactions are verified and records are maintained using blockchain technology—a network of computers that stores data in a decentralized and secure manner.

What is a mining engineer?2024-10-21T02:08:51-04:00

Mining Engineers support the Mining Operations team by servicing and maintaining miners, installing units, programming miners with appropriate software, performing repairs as needed and more.

What happens at the end of my contract?2024-10-20T00:18:13-04:00

At the end of the contract term, you can either:

  • Renew the contract
  • Request your mining equipment be shipped back to you
  • Upgrade your hardware with us
Why choose us?2024-10-20T00:13:13-04:00
  • Electricity rates: Some of the most affordable hosting rates
  • Uptime and reliability: Strong track record of uptime.
  • Location: Our hosting facilities in regions with cooler climates can offer natural cooling and reduce energy costs.
  • Security measures: Robust security features such as video monitoring, physical barriers, and onsite techs.
How are mining profits handled?2024-10-20T00:09:22-04:00

Mining profits are typically sent directly to your cryptocurrency wallet based on the performance of your equipment. You may connect your mining pool account directly to your wallet.

How is my mining performance monitored?2024-10-20T00:06:31-04:00

You can use our partner pool Viabtc to track:

  • Hash rate
  • Power consumption
  • Uptime and equipment status
  • Earnings and payouts
What types of miners can be hosted?2024-10-19T23:59:17-04:00
  • Bitmain Antminer Series (e.g., S19, S19 Pro)
  • MicroBT Whatsminer Series
  • Canaan AvalonMiners
  • Goldshell
  • Iceriver
How much does Bitcoin miner hosting cost?2024-10-19T23:55:48-04:00

The cost varies depending on factors such as:

  • Hosting Fees: This includes fees for space, cooling, internet, and maintenance. Fees are typically structured as monthly payments.
  • Setup Fees: We charge an initial fee for setting up your hardware in their facility. These costs are one time and range from $10 to $50 per miner
What are the benefits of Bitcoin miner hosting?2024-10-19T23:50:40-04:00
  • Reduced Overheads: We have access to lower-cost electricity and optimized cooling, reducing the operating costs of your mining operation.
  • Professional Maintenance: We offer professional monitoring and maintenance services, reducing the risk of equipment downtime or damage.
  • Access to Reliable Infrastructure: Our facilities are designed for mining, with specialized infrastructure, such as industrial-grade power supply, cooling, and security.
  • Remote Access: You can monitor your mining operations through our VIP Pool service.
How does Bitcoin miner hosting work?2024-10-19T23:46:49-04:00

You send your Bitcoin mining hardware (such as ASIC miners) to our hosting facility. We set up your equipment, connect it to their power supply and network, ensure proper cooling and security. We monitor and maintain your hardware, and you access the mining output remotely.

What is Bitcoin miner hosting?2024-10-19T23:40:16-04:00

Bitcoin miner hosting refers to the practice of renting space in a data center or mining facility to house Bitcoin mining hardware. We develop and own facilities that provide the necessary power, cooling, security, and internet connectivity required for mining.

Is Bitcoin miner hosting profitable?2024-10-19T23:35:26-04:00

Profitability depends on several factors, including the price of Bitcoin, network difficulty, your mining hardware’s efficiency, electricity rates, and the hosting fees. Hosting your miners in our facilities with lower electricity costs can help improve profitability, especially compared to operating your own mining setup.

Do you sell worldwide (as well as the UK)?2024-10-04T12:14:46-04:00

Yes we do.

What support do you provide?2024-10-04T12:13:56-04:00

We provide 24/7 support by phone or email.

Are there any other costs? Are electricity costs included?2024-10-04T12:13:13-04:00

Yes electricity is included as part of the hosting plans. There are no other hidden costs.

How much does it cost to mine?2024-10-04T12:12:10-04:00

After the equipment is purchased the main cost is electricity, premises, cooling and maintenance. We take care of all of this with our hosting service.

Which Cryptocurrencies should I mine?2024-10-04T12:11:14-04:00

It depends on your attitude to risk. The less conventional coins can offer the highest returns but you will need to manage them closely and exchange them quite often.

Where is the mining equipment located?2024-10-04T12:10:17-04:00

If you are hosting your mining farm with us, it will be located in our secure facility in United States.

Who owns the mining equipment?2024-10-04T12:08:48-04:00

It is your equipment so you own it. We can host your equipment in our dedicated facility for you – but you still own your equipment.

Do you sell mining rigs individually?2024-10-04T12:07:29-04:00

No, we only offer mining farms. And for GPU rigs we have an MOQ of 10 off

What are the risks involved?2024-10-04T12:06:29-04:00

The main risk is the value of the coins when it comes to selling them. Cryptocurrencies are very volatile by nature – hence the massive reward but also risk. If you need to sell your coins – and convert them to Fiat (cash) – to pay for your running costs then the potential returns due to appreciation of the coins will reduced.

How do I get paid from mining?2024-10-04T12:05:00-04:00

If we are hosting your equipment we will set up your miners to your own cryptocurrency wallet. If you purchase our mining equipment we will help you set up your own wallets.

What can I earn? What is the ROI?2024-10-04T12:03:14-04:00

We will guide you all the way through the potential ROI and passive income. We can help you with your investment strategy. ROI can be from 2 years to 6 months depending on the price of the coins at the time of selling them.

What is a mining farm and what farms do you offer?2024-10-04T12:00:47-04:00

Mining farms are a collection of mining equipment which are used to mine cryptocurrency coins. We offer small to large farms, depending on budget and electrical availability. Our mining farms are ASIC and GPU based. Typical coins mined on a standard contract are Bitcoin, Etherium, Litecoin and Zcash.

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