What is "Cloud Mining"?
Cloud mining enables users to purchase hashing power from hardware in our data centers, without managing hardware, software, electricity or other issues to mine cryptocurrencies. With cloud mining, we will work as your agent to deploy and run the most advanced miners under professional operation and maintenance. We will help you achieve the best ROI secured by lower power consumption, electricity cost and higher mining yields in our own pool. You can start mining cryptocurrencies almost in real-time on purchase of our cloud mining contract. It will save you all the trouble and nuisance to run a miner on your own, and bring to you more yields instead.
Do you charge any fee for cloud mining contract?
Yes. Including the hashrate fee and electricity cost.
What is electricity fee?
The electricity fee consists of several costs including but not limited to mining's electricity fees, mining farm maintenance, heat dissipation, operation and maintenance for miners etc. Mining contract's costs might fluctuate because of policy, mining's electricity fee, cost of maintenance etc. ViaBTC reserves the rights of adjusting management fee. Electricity fee will not be affected before adjustment.
Do I need to prepay the electricity fee?
No prepayment for electricity fee. We’ll deduct it from the daily yield.
When will the contract come into effect?
All cloud mining contracts in ViaBTC are spot products. After users placing an order and having completed the payment, the contract will come into effect in the next hour. Daily yield will be allocated to your ViaBTC account after 0:00 (UTC) the next day.
What pool will miners be mining in?
The miner of the contract will be mining in ViaBTC. Users cannot mine in other pools.
What if there’s malfunction in miners or mining farm?
Mining farm might be running short of hashrate because of blackouts or malfunction in miners. ViaBTC will take the risks for users. Users' mining yields will not be affected.
Why don’t you mine yourself if cloud mining is profitable?
As it requires huge amount of investment for large-scale deployment of mining farms, we’d like to give away a part of our mining profits to users to dilute our risk as “not putting all eggs in one basket”. And also, we want “decentralization” in mining too so that global users will all have an easy chance to take part in mining.