Frequently Asked Questions - FAQ

In this section you can find the answer to your questions, get information about bitcoin and its mining.

If you didn’t find the answer to your question in this section, please contact Customer Support.

"Only a person who has questions can have real understanding"

Hans-Georg Gadamer.

Why did we purchase a data center in Ireland?

In March 2016, a very suitable case appeared for the creation of its own bitcoin-mining enterprise. It was then that the CEO of Сrypto Mining LTD, Richard Walker signed an agreement on the acquisition of an industrial enterprise in Dublin (Ireland) to convert it into a data center.
At the moment, we are completely satisfied with this data center, its profitability, as well as working conditions. We intend to continue working there.

Why did we decide to lease out the capacity?

Expanding and increasing the power of a Hashrate in order to increase competitiveness in the field of mining requires additional costs that are not covered by the mining on oneself.

Leasing is an advantageous solution for Сrypto Mining LTD due to the fact that the complexity of the bitcoin network has increased, and the reward for calculating blocks has decreased from 25 to 12.5 BTC.

Electricity and service costs are included in the rental price.

Interes to the difference in the cost of bitcoin. Due to the decrease in the volume of bitcoins, there has been a trend towards an increase in its cost. By the end of 2018, a price jump for an electronic unit is predicted.

How do you assess the development of the company and its prospects?

Summer - autumn became transitional moments in the development of Сrypto Mining LTD. Many were afraid of halving, some farms hastily sold their equipment. We also worked for the future, knowing that bitcoin is the field of a win-win game. Now our company is steadily and confidently moving forward. We expect a sharp rise in profits for the first half of 2019. According to our analysts, it is this gap that will have to increase profits by 100%. And this is not only from the increase in the rate, but also from the increase in the volume of the extracted crypto currency. Now we are testing a new batch of equipment, and it shows very high performance.

Why is it advantageous to rent a Crypto Mining LTD server?

According to our experts' forecasts, our tenants will get a good profit within 4-7 months.

We offer good interest to tenants.

The company has demonstrated high rates and stable rates of foreign exchange production for more than two years.

Rent servers Сrypto Mining LTD, as well as dividend payments are made in dollars, which reduces the risk of income loss when changing the course bitcoin to a minimum.

All kinds of risks, including economic, legal, currency, our company incurs.

Guarantees for payment of interest for the entire period of the concluded agreement with the lessee.

Excellent technical equipment: powerful equipment, including industrial, ready-made data center, natural conditions for productive work.

Server power and speed selection: [[rent_min]] - [[rent_max]] GH/s for SHA256 algorithm, to 0,5 TH/s - for Scrypt mining and other algorithms for alt altitude production.

The tenant receives payments in dollars - this is a guarantee of stability of his income and protection against any risks. The ability to make any manipulations with the crypto currency, including, storage for the purpose of accumulation, trader, speculative (game on the course) and other interests - the advantage that Сrypto Mining LTD reserves for itself. This is done to protect its costs from risks, as well as to increase profits.
Both sides cooperate on favorable terms, minimizing the impact of any risks. And this is the best guarantee for the beneficial cooperation of both sides.

Data for calculations

Denomination of hash speed:
1 kH/s is 1,000 (one thousand) hashes per second
1 MH/s is 1,000,000 (one million) hashes per second.
1 GH/s is 1,000,000,000 (one billion) hashes per second.
1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.
1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.
1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second.

Conversion:
1 MH/s = 1,000 kH/s
1 GH/s = 1,000 MH/s = 1,000,000 kH/s
1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s

About Satoshi and Bitcoins:
1 Satoshi = 0.00000001 ฿
10 Satoshi = 0.00000010 ฿
100 Satoshi = 0.00000100 ฿ = 1 Bit/μBTC (you-bit)
1,000 Satoshi = 0.00001000 ฿
10,000 Satoshi = 0.00010000 ฿
100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿

Will Bitcoin grow?

Analysts predict a sharp rise in the rate of up to $ 15,000 for 1 BTC and above. Over the summer of 2018, the rate of cryptocurrency does not stand still, and according to analysts' forecasts is not going to stop.

Does it make sense to try mining Bitcoin on your own?

In connection with the increased complexity and increased competition, it is unprofitable to mine the crypto currency independently. Monopolization of e-currency by large companies is a well-established fact, therefore, the most profitable solution for users is to rent the offered capacities and sites and invest in companies with interest or cloud mining.

How to earn on Bitcoins and Altcoins?

There are 3 ways of earning on Bitcoins: mining, buying and selling, long-term storage.

Mining - is Bitcoin production. Previously Mining could be done with a powerful processor by one person. At the moment it is profitable to create servers and farms for mining because only a very powerful equipment with strong graphics cards, which were later replaced by ASIC devices can produce Bitcoins. The production complexity is constantly growing and the number of coins is reducing proportionally.
The use of graphics cards for Bitcoins, Altcoins or other Fork coins mining is not appropriate after the introduction of the scripting ASIC devices.
Mining costs are - special powerful machinery, electricity and a permanent connection to the Internet.
Equipment payback takes about 7-10 months depending on its quality and capacity.

The trade of Bitcoins on the stock exchanges. Bitcoin rate is not standing still and is constantly fluctuating depending on how it is trading on the stock exchanges. In the period of calm, these oscillations are not more than a few dollars, but in times of purchases of large quantities or drains of Bitcoin difference is considered to be in the hundreds and sometimes thousands of dollars per unit. There are special programs to track fluctuations on the stock exchanges, as well as bots that are much faster in making operations with Bitcoins.

Long-term storage of Bitcoin with the calculation of its price increase several times. For example, the first miners, who did not sell bitcoins immediately at low prices, later earned tens or even hundreds of thousands of dollars for them.

Is it possible to get Bitcoins for free?

Yes, there are such ways. There are bitcoins-cranes, which after a certain period of time give Satoshi. In order to get them you need to enter captcha or confirm the presence on the site. More details about this type of earnings you will learn from articles on ways to earn on the Internet without investment.

What is the company Crypto Mining LTD

Сrypto Mining LTD is an English company engaged in the production of crypto currency. The company is officially registered in the UK.
Since March 2016, the company has professionally and quite successfully engaged in the production of crypto currency on the most powerful and modern equipment in the Irish data center with an average capacity of more than 32 PH / s. Since recently, Сrypto Mining LTD deals not only with the production of crypto currency for itself, but also surrenders a server of various capacities for rent. You can learn more about the formation and development stages of the company in the section "About us".
Earning Bitcoins with Сrypto Mining LTD Company - is a simple, effective and safe solution for absolutely everyone, regardless of whether there are funds for renting or not, because software for mining is available free of charge.

What does affect the income?

These are basically three factors:

System complexity for a predetermined period

Exchange rate (for the forks)

Maintenance and other costs

Each of the algorithms has its own nuances. However, the company Сrypto Mining LTD does not impose any service fees you have earned. Thus, your income is the bitcoins that you obtained with our program, plus interest payments on the server leased by you.

How many accounts can be created by one person?

One tenant can create a single account and perform all necessary operations with it. If you break this rule, the administration of the website can remove such accounts and cancel the funds.

Can I earn bitcoins in Crypto Mining LTD without renting a server?

Yes, such a possibility is provided by Сrypto Mining LTD. In order to earn money without investment, you need to download and install our software for mining. In this case, the program automatically tests hash rate of your hardware for different algorithms, determines the most profitable one and mines cryptocurrency on your device. For greater efficiency it is recommended to leave the app to work, if the computer is free, when you leave the house.

Are there minimum and maximum indicators for servers renting?

Yes, of course, such restrictions are applied. Minimum capacity for Rent - 62.5 Gh/s (value of 10 $). Maximum power for Rent - 3 125 000 Gh/s (value of 500 000 $).

Will I get any reward for inviting partner who will do Mining on your software?

Yes, the company encourages its customers that advertise Сrypto Mining LTD. If your partner is renting the server, you will receive the referral commission specified in the Partners section. If your invited partner does not rent capacity, but mines due to our program, you will get interest equal to 10% of his profits. If your partner has acquired capacity, and additionally is mining within our application, you will receive a percentage of the cost of his rented server, as well as 10% of his mining.

What is the minimum amount for withdrawal?

Minimum amount for withdrawal - 5 $.

How the profit is accrued?

The established interest is accrued only on working days. Сrypto Mining LTD operates 5 days a week: from Monday to Friday. Therefore, interest on leased servers is accrued only on business days. Saturday and Sunday are days off, which the company does not pay.

How to calculate the profit on my own, based on the percentage of data?

Multiply the interest per day by the number of business days in a month.

What you need to rent a server?

Sign up on the website, confirm that you have read the Privacy Policy of the Company, accept the rules and agree to comply with them. In some cases, management may request copies of identity documents in electronic form.

When can I withdraw funds?

On Tuesday and Thursday. Days of withdrawal can be changed at the discretion of management. The duties of site management include timely informing the tenants about any changes regarding days and timing of withdrawal.

"I forgot my password in order to enter my account. What do I have to do?"

You should use the form of password/login recovery. You will need to provide an email address. New data will be sent to your email.

How long does it take to process a profit-taking request?

Applications are processed by staff within 24 hours. In some cases, the timing may vary, for example, in case of technical malfunctions. The management is obliged to warn about any malfunctions and to establish terms in which the problem should be resolved.

How much does it cost to rent a server?

All the necessary information on servers is located in the "Our server" section.
The cost of servers:
Server 1 - from 10 up to 1 300 $;
Server 2 - from 100 up to 3 000 $;
Server 3 - from 900 up to 10 000 $;
Server 4 - from 3 000 up to 25 000 $;
Server 5 - from 5 000 up to 50 000 $;
Server 6 - from 15 000 up to 150 000 $;
Server 7 - from 25 000 up to 500 000 $.

"I installed the program, but I want to earn more. The power of my equipment does not satisfy me."

If you want to earn more, then you should rent a server in our data center. The capacity of our equipment is quite high and will ensure you a stable weekly income.

Why do you accrue profits on servers not in Bitcoins, and in dollars?

There are several reasons.

As a rule, our tenants are aimed at obtaining fast and stable income. However, the crypto currency itself has a high volatility: the price does not stay in place even for 10 minutes, constantly fluctuates. And it is not a fact that when paying bitcoins or altcoins, the amount of server rent will pay off for our tenants. The dollar is a stable currency. You pay rent in dollars and make a profit, respectively, also in dollars - this is logical.

The company employs a department of professional traders whose task is to earn money on electronic currency. Therefore, Сrypto Mining LTD reserves the right to the extracted bitcoins for itself.

The company is aimed at long-term prospects in the market of crypto currency. For this purpose, Сrypto Mining LTD needs its own base (with a good margin) of crypto-currency. Our analysts forecast the growth and spread of these currencies and we intend to get our share of the income from this.

Thus, both sides have what they want: tenants - a stable and reliable profit, and Сrypto Mining LTD - profit on trading, rental income, as well as the ability to play on crypto-currencies in the future.