Cryptocurrency mining is the process of creating new digital coins and verifying transactions on a blockchain network. Using specialized equipment, such as ASICs, miners solve complex mathematical problems to keep the network secure and, in return, receive cryptocurrencies. ASIC devices are optimized to perform this task faster and more efficiently, maximizing your profits.
FAQ
Requirements for Cryptocurrency Mining
The main requirement for mining cryptocurrencies is having access to low-cost energy, as the mining process consumes a lot of electricity.
It is crucial to create a suitable environment for the operation of mining equipment, including proper cooling to keep them at optimal temperatures. For this purpose, mining farms are established, where the necessary space and conditions are provided to house and manage these devices efficiently.
What Are the Costs to Start Mining with Us?
To start mining at our farms, the initial costs include the value of the equipment and a security deposit equivalent to two months of energy costs. This deposit is paid to the energy provider and is refunded to you at the end of the contract. Additionally, you will need to pay a monthly hosting fee, which covers the maintenance and operation of your equipment at our facilities.
How Is the ASIC Equipment Paid For?
The cost of the equipment can be paid using digital dollars (USDT / USDC) or through a bank transfer in U.S. dollars.
How Is the Hosting Service Paid For?
The hosting service can be paid using digital dollars (USDT / USDC) or through a bank transfer in U.S. dollars.
What is the associated energy cost?
We charge as low as USD 0.07 – 0.078/kWh all in.
For example; an S21 Pro 234 costs about USD 200 per month.
How Long Is the Contract?
The contract has an initial duration of 12 months and will automatically renew for additional 12-month periods unless otherwise notified in advance.
Do the Devices Come with a Warranty?
New equipment comes with a 12-month factory warranty. If your equipment encounters issues after the warranty period has expired, we offer a repair service to resolve any problems.
What Is the Performance of the Equipment?
The performance of each device depends on the cryptocurrency it is mining and may vary according to market prices of the coins. Since cryptocurrency values fluctuate constantly, returns can also change. However, our equipment is designed to deliver optimal and competitive performance in the industry.
How Can I Monitor My Miners?
You will receive access to an application that allows you to manage and monitor your miners in real-time from any device. You can check the status of your equipment and verify performance at any time. The cryptocurrency deposits you mine will be sent directly to your digital wallet. We do not have access to the coins generated by your miner.
What Is the Lifespan of the Equipment?
Technically, the lifespan of ASIC mining equipment can exceed 4 years. However, it is important to consider that mining profitability can be affected by events such as cryptocurrency halving. For example, in coins like Bitcoin or Litecoin, halving occurs approximately every 4 years, reducing the block reward by half, which may decrease the number of coins generated and impact profitability.
Cryptocurrencies like Dogecoin do not have halving, meaning the number of coins generated per block remains constant. This can influence profitability and the effective lifespan of the equipment depending on the cryptocurrency you choose to mine.
What happens if my miner breaks?
We’re able to service and repair machines, using original parts, materially reducing the downtime typically involved with repairs. Our certified, trained and dedicated repair technicians can promptly diagnose problems and make necessary repairs.
