General
Cryptocurrency mining involves using powerful computers and other cryptographic processes to validate a maximum number of transactions. This allows you to receive a maximum amount of commission.
To learn more about crypto mining, check out our blog and other FAQs below. Feel free to contact us if you still have questions. We are always happy to help!
No, we are trading experts. We purchase some equipment on your behalf, look after it, and send you the profits generated with your machines. We will not invest and manage your funds in financial markets. We also cannot provide any advice on price movement, forecast, etc.
You can contact us and send us your details. We will get in touch with you within 24 hours to discuss the next steps. If you don’t find our email in your inbox, please check your spam folder.
We will send you a contract and our payment details (bank or cryptocurrency transfers only). If you don’t have one yet, we can help you set up a crypto wallet so that we can send you your mining rewards.
Mining
Mining requires technical knowledge, which allows you to succeed. It can be profitable if you know what to do and what not to do.
The profitability of mining also depends on several factors. For instance, you must have access to low electricity prices because machines consume a lot of energy. You must also get a good price on the machines, or you will end up never paying back the machine.
The ROI may vary depending on the price of the crypto that we mine. Simply put: the higher the value of the crypto, the higher the ROI.
Unfortunately, we are not in control of the price of cryptocurrencies. For this reason, we cannot guarantee or promise any ROI.
Community mining is a concept in which everything is shared, including costs, machines, and revenue. Since we mutualize all available funds and only place orders once a month, we have far better prices than anyone.
In conventional mining, you have to pay for the repair when a mining machine breaks down. During this time, you no longer mine. And, if a new and more efficient machine is launched on the market, you cannot profit from it unless you reinvest.
Community mining lets us buy more machines that will benefit you directly. Its group effect allows additional income for everyone.
No, you don’t have to advance funds from your pocket. However, if mining is temporarily not profitable, we contractually undertake to cover possible losses.
The worst-case scenario on our part would be simply disconnecting the unprofitable machines until they are profitable again. On your end, it will be an ROI of 0% over the month.
The profitability is not the same every month due to several factors. This can include the value of the machines, cost, and varying cryptocurrency prices.
It’s important first to know why the profitability of machines is not always the same to understand the impact of halving. You can refer to our answer to the previous question.
During a halving, the mining reward is divided into two. It occurs every four years on Bitcoin. Cutting the rewards would mean fewer incentives for miners.
In our case, we allow mining of several cryptocurrencies that makes it possible to reduce the risks during halvings.
Mining is simple, but it’s not easy. Many fraudulent websites scam users, while the legitimate ones often cost a fortune. It’s not easy to find a company you can trust.
Our services allow crypto investing in Bitcoin, Ethereum, Dash, Litecoin, and Zcash. We can help you make extra income with cryptocurrency mining. We buy the machines for you, while all the benefits are shared with all existing customers to reduce risk.
One of our star models is the Antminer Z9. In April 2019, we bought it for about $700, including the shipping and the power supply unit.
In ASIC Miner Value (a site that computes the miners’ profitability and compares prices from online stores), Antminer Z9 was sold for between $943 and $3,363 at the time. That applies to all miners we purchase.
No, you will mine on a pro-rata basis of your investment. This is the same for all currencies we mine at our Mining Park.
However, you are more than welcome to suggest some machines or coins to mine. We will analyze them and decide accordingly. Our expertise and network of suppliers are trusted sources of information that will help you decide which models to buy and when.
Funding and Payments
We make payments at the beginning of the month. After sending you a mining report, we pay you with the cryptos you mined. We are currently mining four cryptos, so you will receive four payments.
It is then up to you to decide whether to reinvest these funds, convert them into euros or dollars, or keep them in your crypto wallet while waiting for a price increase.
You will receive some Mining Park Tokens (MPT) in exchange for your investment. One MPT is equivalent to one euro you have invested. Thus, the sum of all MPT issued corresponds to the sum of all investments we received.
That way, you own a certain stake in the Mining Park, which is proportional to the amount you have invested. This is used to calculate how much you will receive.
No, you don’t. You are free to reinvest money from your regular bank account or not. The same goes for the funds mined during the month.
The initial investment is 2,000 euros, while the minimum amount for future reinvestment is only 100 euros. There is no minimum reinvestment for mined funds during the past month.
Service
We manage everything, from finding the best deal on machines, shipping, installing, configuring, monitoring, and maintaining the condition of machines.
We also pay all bills on your behalf and transfer the net balance to your crypto wallet. If you don’t have one, we can help you create a crypto wallet.
No, all machines that we purchase are shared with all our investors. It is a community-based investment where everything is mutualized.
This helps you avoid paying for a repair if a machine breaks. Also, it allows you to benefit from new machines not released yet.
We’ve previously mentioned that you will receive Mining Park Tokens (MPT) in exchange for your investment.
When you decide to withdraw funds, in whole or in part, we will have to assess the value of your MPT. This value depends on several factors, including the machine’s value, power, profitability, and cryptocurrency price.