FAQ

Frequently asked questions about the platform

Do these machines generate revenue?

Mining devices are equipped with powerful processors designed to solve the complex puzzles required to secure and validate transactions on a blockchain. By contributing to the global hash power, you earn rewards in the form of cryptocurrency. You can then choose to hold onto these coins or exchange them for other cryptocurrencies or traditional (fiat) money.

Can anyone start mining?

Yes, mining has become easier to set up and understand. However, it’s important to view mining as a high-risk investment. Returns are not guaranteed, and potential profits can vary significantly due to the volatility of the cryptocurrency market.

What are the problems of mining?

Most mining machines consume a large amount of electricity, generate significant heat, and produce a lot of noise. It's essential to choose your equipment based on your ability to manage these factors.

Where should you securely store your earnings?

When you mine, your earnings are stored in a wallet. We recommend using a hardware wallet to ensure full ownership and control of your coins. Avoid keeping all your earnings in online wallets (such as exchanges or pools). The most well-known and trusted hardware wallets are Trezor and Ledger.

Which Cryptocurrency Exchange Platforms Exist?

There are numerous cryptocurrency exchange platforms available, offering a variety of services to convert, trade, and manage digital assets. Some of the most popular and widely used platforms include Binance, Coinbase, Kraken, Bittrex, CEX.IO, Huobi, Bitfinex, and Gemini. Each platform has its own features, fees, and supported cryptocurrencies, catering to different types of users and trading needs.

Why is RAM Essential for Ethereum Mining?

RAM is crucial for Ethereum mining because your device needs to load a DAG (Directed Acyclic Graph) file into memory. This file is necessary for the mining process and increases in size over time. If the DAG file exceeds your available memory, your device will no longer be able to mine. For instance, here is the projected growth of the DAG file size for Ethereum: - Over 4GB in December 2020 - Over 6GB in March 2024 - Over 8GB in May 2027

What is a profitability?

Real-time earnings provide an estimate of the potential benefits you can expect from a mining device if you already own and operate it. This view offers a quick snapshot of key information, helping you assess profitability at a glance.

Can I Change Some Parameters in the Calculation?

Yes, you can adjust certain parameters in the price section of the top bar, such as: - Changing the default currency (USD, EUR, GBP, CZK, etc.) - Modifying the electricity cost (price per kWh)

Why Do Profits Change After Refreshing the Page?

Profits can change after refreshing the page because they are calculated in real-time, taking into account dynamic factors such as: - Network difficulty - Block reward - Coin value - Exchange rate These variables fluctuate constantly, which can lead to changes in the estimated earnings displayed on the page.

How Is ROI Calculated?

Return on Investment (ROI) is calculated as the number of days between the purchase of a mining device and the day you generate enough income to cover its cost. The formula is: - ROI = Time to release date + Delivery time + Number of days to break even. This calculation is for informational purposes only, as earnings are dependent on market conditions and can fluctuate. All labels and risk assessments are provided "as is" based on our experience and feedback from the community.

Are All Listed Vendors Legitimate?

We strive to verify vendors to provide the safest links possible, but we cannot guarantee the reliability of any of them. It's important to understand that all external links are beyond our control, and a store that is safe for some users may provide a negative experience for others.

What Payment Methods Are Available?

Each manufacturer or vendor sets their own payment options, which may include: - Bank wire transfer (usually in USD) - Bank wire transfer (usually in USD) - Credit card or PayPal (less common) - Cryptocurrencies (most frequently accepted) If you don’t have cryptocurrencies yet, you can create an account on platforms like Coinbase (or similar) to purchase them using your credit card. Some vendors accept Bitcoin (BTC), while others may accept Litecoin (LTC) or Ethereum (ETH). If you need to exchange one cryptocurrency for another, you can use services like Changelly.

How to Submit My Store for Approval?

To begin the approval process, your company must have been in operation for more than 3 months, demonstrate a solid sales record, and have satisfied customers. If you meet these criteria, please send us an email with key information about your store, including your legal registry number, founders, and key metrics. Stores with an existing affiliate program will be prioritized for processing.

Can I Promote My Product on Your Website?

Yes, you can promote your product on our website. If you're interested, please reach out to us for more details on promotional opportunities. We offer various options, including banner ads and featured placements, to help you reach your target audience.

Who are we?

We are team of engineers based in Prague, Czechia. We originally developed this tool to help ourselves select and compare ASIC miners before making a purchase. Realizing its value, we decided to make it publicly available and build a community where users can share useful opportunities rather than keeping the knowledge to ourselves. Many in the mining community have experienced scams and financial losses, and we aim to minimize this risk by sharing accurate and reliable information. We believe that the future of cryptocurrency should be safe and accessible for everyone.

You didn't find your answer here?

You can reach out to us by filling out the contact form: <b>Contact</b>. We are occasionally online and available for chat (check the status at the bottom right of each page). We use an external module called JivoChat for this feature. While we cannot guarantee a response, feel free to give it a try!
If you have any questions, please contact us