Frequently Asked Questions

Q1.Can i make a pre-order on a miner that arrives in the future?

All miners are available for pre-order you, so that you will be the first one to receive them as soon as they are in stock. Here you will find information about our conditions and stock of current pre-orders.

  1. An order is only delivered when all products in the order are in stock.
  2. You have to pay for the miner in fully in advance.
  3. It is possible that the delivery date may be postponed due to incidents outside of what we can control. In this case we will keep you informed by mail or telephone.

Q2. What do I need for mining?

How do you start mining? Below you will find a list of things you will need if you want to start mining yourself.

  • A wallet for the specific coin that you want to start mining.
  • A good miner that is specially built for mining.
  • A good, and most of all, reliable internet connection.
  • A good location. The miners can get very hot and can make a lot of noise. It is therefore not a good idea to do the mining in your living room. The best location is a cellar, attic or shed. We also offer a possibility of hosting your miners in one of our locations
  • It is advisable to become a member of an online mining pool. By joining an online mining pool, you will ensure a more stable income.
  • When you want to sell your mined coins, you must be a member of an online exchange where you can sell your mined coins.
  • And the most importantly: you have to enjoy mining and be curious about how it all works.

Q3. How does mining cryptocurrencies work?

A miner is a service provider to the network of other users of a cryptocurrency. Basically, the miner ensures that every transaction made in the network is entered in a so-called distributed ledger. All miners agree on a single valid ledger. So no user can fake transactions, since the information on them can not be changed afterwards, as it is stored in a publicly accessible ledger. For this service, one miner receives a block reward in the respective cryptocurrency after each block.

Q4. What is Blockchain?

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system.

A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT).

Q5. What is an Asic Miner?

ASIC miner is short “Application-Specific Integrated Circuit miner”, and is defined as a device specially designed to maintain the blockchain, this process is known as mining.

An Application-Specific Integrated Circuit is a computer chip or “integrated circuit” which was built for the single purpose of mining cryptocurrencies. In other words, it was designed for the specific application (purpose or use) of mining.

Mining is the process of using computer power to solve a complex math problem, review and verify information, and create a new block so the information can be added to the blockchain.

Mining requires expensive ASIC miners and a lot computer power. People buy ASICS and pay for lots of electricity so they can earn cryptocurrency. Because ASICs are built especially for mining, they do the job faster than other computers and can earn more.

Q6. What is a mining pool?

A mining pool is a family of cryptocurrency miners who cooperate by merging their solo efforts and computational ability. The merger makes it easier for them to solve cryptographic problems and earn digital currency.

Subsequently, the mining pool shares the block rewards among every member of the family. The contribution ratio in the hashing process determines every member’s earnings ratio.

Q7. What is a Cryptocurrency Wallet?

A wallet is an application that allows blockchain users to keep in one place and transact with their digital funds. The wallet consists of a set of public and private keys.

Without the public one, you cannot receive payments since there would be no address to pay to. On the other hand, a private key enables the user to transact funds from that particular address.