Frequently Asked Questions

Please feel free to contact us for more information or guide.

CAN I PLACE A PRE-ORDER

We do accept pre-order when miners are still in production, you will be the first to receive them as soon as they are in stock. Here you will find information about the conditions and stock of current pre-orders.

1.An order is only delivered when all products in the order are in stock. For example, if you have also ordered an accessory for your miner and it is not yet available, delivery will be delayed. It is better to order the miner and the accessory (s) separately from each other.
2.You have to pay the miner in full in advance.
3.Unfortunately it is possible that the demand exceeds the supply. Although we do our best to prevent this, it is possible that the delivery date may be postponed. In this case we will keep you informed by mail.

Which payment methods are accepted in the Online Shop?

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WHAT IS CRYPTO FUND

Crypto funds are value in the form of an amount in a cryptocurrency. This is a kind of digital coin, which is often used as an alternative for regular types of money. The world’s most famous cryptocurrency is Bitcoin. There are currently more than seven hundred cryptocurrencies in circulation.

In the United Kingdom, the value of crypto funds must be reported in Box 3. Given the often large fluctuations in value, the valuation date of 1 January takes on extra relevance. Depending on the jurisdiction, it sometimes matters whether cryptocurrency is considered as currency, which is the case in Japan, or as other assets, as in the United Kingdom and Australia.

WHAT IS CRYPTO MINING

Crypto mining means solving complex mathematical formulas to create crypto funds, by means of hardware or software. With mining, everything is documented on the blockchain. Everything is collected in a ‘block’, which then forms a chain of blocks in line with each other. You must remember that additions can only be made behind the block. Past transactions will always remain a part of the Blockchain and cannot be changed.

Incidentally, not only are the transactions stored, but also refer to the previous block (the hash): a difficult to crack the mathematical puzzle. The control over the transactions is usually achieved with what is called a Proof-of-Work protocol (PoW), a hashing algorithm. Or the complicated puzzle that must be solved by the miners.

Thanks to PoW, there is agreement about all transactions in the records (Ledger). The computing power that the computer has provided for solving the mathematical puzzle and updating and checking the records is a proof of work. PoW. Thanks to this protocol, you do not need, for example, an accountant or auditor. With mining, you thus contribute to the security of cryptocurrency. That is, however, not the only advantage of crypto mining. As mentioned earlier in this article, you can also receive a reward for the use of the computing power of your miner. The biggest gains, however, can lie in discovering a new block in the Blockchain. Bitcoin has become very competitive, and therefore a lot of computing power is needed to earn a little bit. This therefore costs your miner a great deal of power. With other, smaller or newer crypto coins (ALTcoins), it can be easier. The value of this currency may still increase, which means that in the long run, you can still achieve a nice return.

How does bitcoin mining works?

Bitcoin mining begins with computers called miners.  These miners use their processing power to solve complex math equations.  They verify transactions and decrypt blocks of newly released Bitcoin.  As a reward for solving these equations, they are rewarded with a certain amount of Bitcoin in return, which in turn can be exchanged into US dollars.

Do I receive an invoice for my order?

Yes!  Bitcoin has been consistently increasing in value over time and shows no signs of slowing down.  The more Bitcoin you can mine, the more valuable it becomes when the Bitcoin value increases.  If you had $100 worth of Bitcoin in 2010 and held on to it until today, your $100 would be worth $75,000,000.

 

 

Send us an email

Head Quarter(Turkey): 394. Sk. Güzelkent, 06827 Etimesgut/Ankara, Turkey

USA Branch: 401 W Main St, Lexington, KY 40507

Phone Number:  +1 (859) 363-6849

Email: [email protected]

Email: [email protected]