{"id":5262,"date":"2021-07-07T04:27:48","date_gmt":"2021-07-07T04:27:48","guid":{"rendered":"https:\/\/demo.infinitylocal.com\/mining-exchange\/?page_id=5262"},"modified":"2021-07-09T11:20:15","modified_gmt":"2021-07-09T11:20:15","slug":"faq","status":"publish","type":"page","link":"https:\/\/demo.infinitylocal.com\/mining-exchange\/faq\/","title":{"rendered":"Faq"},"content":{"rendered":"\t\t
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General<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n \n \n I\u2019m new to crypto mining, how do I start learning about it?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
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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.<\/p>\n\n

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!<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Should I pay any taxes on cryptocurrency profits?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
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\n Depending on your location, profits and income can be subjected to certain types of taxes. For more guided and professional advice on taxes, we encourage you to get in touch with a certified accountant. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Where are you located?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
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\n We have registered our company in [location] to provide our clients with the best legal protection. Our offices are based in [city]. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Are you fund managers?<\/span>\n\n \n
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No, we are trading experts. We purchase some equipment on your behalf, look after it, and send you the profits generated with your machines.\nWe will not invest and manage your funds in financial markets. We also cannot provide any advice on price movement, forecast, etc.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Is this safe?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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\n We have worked with our suppliers and business partners for a long time. We have ensured that they operate legally with valid company data and insurance. Also, we have visited the facilities ourselves and even have our own machines there. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n I\u2019m interested! What\u2019s the next step?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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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\u2019t find our email in your inbox, please check your spam folder.<\/p>\n

We will send you a contract and our payment details (bank or cryptocurrency transfers only). If you don\u2019t have one yet, we can help you set up a crypto wallet so that we can send you your mining rewards.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n How do you process my personal data?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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\n We are committed to protecting your personal information and keeping it secure. For more information, you can read our privacy policy. <\/div>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Mining<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n \n \n Is crypto mining really profitable?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
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Mining requires technical knowledge, which allows you to succeed. It can be profitable if you know what to do and what not to do.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What is the return on investment?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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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.<\/p>\n\n

Unfortunately, we are not in control of the price of cryptocurrencies. For this reason, we cannot guarantee or promise any ROI.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n How many cryptocurrencies do you mine?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
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\n We are now mining five cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH), and Zcash (ZEC). We have recently mined Ethereum. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n What is Community Mining and how does it work?<\/span>\n\n \n
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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.<\/p>\n

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.<\/p>\n

Community mining lets us buy more machines that will benefit you directly. Its group effect allows additional income for everyone.<\/p>\n <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n What happens if mining is no longer profitable? Do I have to advance funds from my pocket?<\/span>\n\n \n
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No, you don\u2019t have to advance funds from your pocket. However, if mining is temporarily not profitable, we contractually undertake to cover possible losses.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Why is the profitability never the same every month?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n How do halvings impact mining profitability?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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It\u2019s 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.<\/p>\n\n

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.<\/p>\n\n

In our case, we allow mining of several cryptocurrencies that makes it possible to reduce the risks during halvings.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Mining looks simple. You buy a machine, plug it in, and check the money coming in. Why should I use your service then?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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Mining is simple, but it\u2019s not easy. Many fraudulent websites scam users, while the legitimate ones often cost a fortune. It\u2019s not easy to find a company you can trust.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n How do I make sure you have the best prices?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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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.<\/p>\n\n

In ASIC Miner Value<\/a> (a site that computes the miners\u2019 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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Can I choose the machine model I prefer or the crypto(s) I want to get?<\/span>\n\n \n
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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.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Do you sell mining equipment?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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\n No, we don\u2019t. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Where are the machines located and why?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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\n Our machines are dispatched in several locations, such as China, Russia, and the USA. The cost of electricity is low in these countries, allowing us to reduce risks and get better prices for everyone. We also have a team of highly qualified professionals looking after the equipment. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Mining requires lots of electricity. How do you manage this aspect?<\/span>\n\n \n
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\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
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\n We support green crypto mining by using renewable energy. Our miners are mostly located in a hydropower plant where we have access to a huge power source and the electricity price is low. <\/div>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Funding and Payments<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n \n \n What payment types do you accept? Can I pay by card?<\/span>\n\n \n
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\n We only accept bank transfers and crypto payments because commissions are high (5%) with card payments. Therefore, we prefer that you save this fee and get more machines instead. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n How and when do I get paid?<\/span>\n\n \n
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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.<\/p>\n\n

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<\/a> while waiting for a price increase.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Can you transfer what I have mined to my bank account, in EUR or USD?<\/span>\n\n \n
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\n We do not transfer funds to regular bank accounts, only to crypto wallets. For example, if you mine Zcash, we will send you Zcash. You can choose to transfer your funds to your bank account, exchange them against another crypto, or sell them. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n What are Mining Park Tokens?<\/span>\n\n \n
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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.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Do I have to reinvest every month? Is there a minimum?<\/span>\n\n \n
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No, you don\u2019t. You are free to reinvest money from your regular bank account or not. The same goes for the funds mined during the month.<\/p>\n\n

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.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Can I withdraw my funds at any time?<\/span>\n\n \n
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\n We only transfer the mined funds once a month unless you are closing your account. <\/div>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Service<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n \n \n What is included in your services?<\/span>\n\n \n
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We manage everything, from finding the best deal on machines, shipping, installing, configuring, monitoring, and maintaining the condition of machines.<\/p>\n

We also pay all bills on your behalf and transfer the net balance to your crypto wallet. If you don\u2019t have one, we can help you create a crypto wallet.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Do I get my own machines?<\/span>\n\n \n
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No, all machines that we purchase are shared with all our investors. It is a community-based investment where everything is mutualized.<\/p>\n\n

This helps you avoid paying for a repair if a machine breaks. Also, it allows you to benefit from new machines not released yet.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n Can I cancel the service at any time?<\/span>\n\n \n
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\n Yes, you can. You have a 30-day notice period, which gives us enough time to organize the cancellation of the service and the final balance transfer. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n If I decide to stop in a year, what is going to happen with my investment? Are the funds guaranteed?<\/span>\n\n \n
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We\u2019ve previously mentioned that you will receive Mining Park Tokens (MPT) in exchange for your investment.<\/p>\n\n

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\u2019s value, power, profitability, and cryptocurrency price.<\/p> <\/div>\n\n <\/div>\n\n <\/div>\n\n \n

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\n \n \n How soon can I start mining after transferring funds?<\/span>\n\n \n
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\n Generally, you can start mining three weeks after we have received your funds. Then, we will use your funds to purchase machines from our supplier. It usually takes 20 days to get the machines delivered, while the installment takes one or two days. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Do I have to sign a contract?<\/span>\n\n \n
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\n Yes, you will have to sign a contract. We will send it to you once we get in touch. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
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\n \n \n Can I add a second beneficiary in case something happens to me?<\/span>\n\n \n
\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
\n\n
\n From a legal point of view, we cannot claim the addition of another beneficiary should something happen to you. If you wish to transfer your account to a spouse, partner, or child, you must inform your notary. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
\n
\n \n \n Can I add my spouse \/ partner \/ friend(s) \/ child(ren) to my contract?<\/span>\n\n \n
\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
\n\n
\n No, it\u2019s not possible to open a joint account. <\/div>\n\n <\/div>\n\n <\/div>\n\n \n
\n
\n \n \n Can I transfer my MPTs to another person's account or to that of my company?<\/span>\n\n \n
\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n\n
\n \n\t\t\t\t\t\t\t\t\t\t<\/i> <\/div>\n <\/div>\n\n \n <\/a>\n <\/div>\n\n
\n\n
\n Yes and no. As a way to fight money laundering and tax evasion, you cannot make internal transfers.\nTo transfer MPTs (or funds) from your account to another, we must refund the funds to your bank account. Then, you will have to send us the funds again from the bank account of the contract holder. <\/div>\n\n <\/div>\n\n <\/div>\n\n <\/div>\n <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

General I\u2019m new to crypto mining, how do I start learning about it? 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-5262","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/pages\/5262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/comments?post=5262"}],"version-history":[{"count":149,"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/pages\/5262\/revisions"}],"predecessor-version":[{"id":5605,"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/pages\/5262\/revisions\/5605"}],"wp:attachment":[{"href":"https:\/\/demo.infinitylocal.com\/mining-exchange\/wp-json\/wp\/v2\/media?parent=5262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}