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FAQ
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Will I receive a bill for current electricity costs?

You will receive a proper German bill with detectable value added tax every month for your current electricity costs. You can pay the hosting fees in Fiat (EUR) by bank transfer, cash (upon receipt of a cash payment receipt) and in crypto (USDT & USDC).

Can I host my own with you?

No, we do not accept (individual) third-party devices. For larger quantities (from 10 devices), however, we are happy to talk about hosting with us.

What happens if there are defects? How do repairs work?

In the event of defects within the warranty period, we will repair them promptly and free of charge. We can carry out most work directly on the farm, and in the event of major defects, we will send the devices directly to the manufacturer. Even after the warranty, we will of course be happy to take care of any repairs that may be required - these will then be charged to you

Do I have to tax crypto mining income?

Unlike capital investment (coin purchase), mining is always associated with a commercial activity, where you have to tax the income. The holding period of one year does not apply here. We are happy to recommend our tax advisor, who can advise and assist you in matters of cryptocurrencies and cryptocurrency.

Will I receive support with pool selection or wallet setup?

We would be happy to help you set up your mining pool or wallet. We are also happy to assist you in choosing a suitable exchange or exchanging crypto for fiat money for the first time.

Will I have access to the miner?

For security reasons, you do not get (VPN access) to your miner. We store the desired pool & wallet information on the device for you, and we will also take care of monitoring and firmware updates. If you have 50 devices or more, we can set up a Foreman guest account for you. For larger quantities, we are also happy to set up full access to your desired software (HiveOn,...).

How do I get paid out when mining crypto?

The mined coins do not go through our hands, but are transferred directly to your desired wallet via your mining pool. Payouts are made according to settings starting at an amount of X or at certain time intervals.

Can I also implement larger projects?

We are also happy to implement larger projects for you. For example, we can place a dedicated hydro container (e.g. HK3 V6) for you in one of our farms. Just talk to us about this.

How long is the minimum contract period?

The contract period is at least 12 months. We are also happy to offer you longer terms.

For annual prepayments of hosting fees and/or for longer contract terms, we can offer you discounted rates for the price per kWh.

Can I sell my hardware used on hosting?

We are happy to sell your hardware directly on hosting. In general, we always find interested parties very quickly who want to buy hardware that is already in hosting - due to an immediate go-live. Just talk to us about this.

What happens at the end of the contract period?

If mining hosting expires after cancellation with us, you can pick up the hardware at the mining farm or we will send the miners to your desired destination.

How do you set up a mining pool and crypto wallet?

If you need help setting up a mining pool or crypto wallet, we're here to help. We provide easy-to-understand guidance and support, even if you don't have any previous experience. Your mining income is transferred directly to your pool and then to your wallet, which only you have access to.

Do you provide mining hardware repair services?

Yes, we have a repair center where our technicians maintain and repair your mining hardware. Our service ensures that hardware issues are resolved quickly and reliably so that your mining operation continues without major interruptions.

Why do mining hardware prices fluctuate?

The prices for mining hardware are based on current market conditions, which are heavily influenced by the development of the crypto market. For this reason, prices can fluctuate and we adjust them frequently on our website to always offer you the most current market price possible.

Can you buy mining hardware without a hosting service?

Yes, it is possible to purchase mining hardware without our hosting service. We offer you the freedom to operate your hardware yourself and benefit from the high quality of our products at the same time.

Which miner is the best choice for your mining project?

The selection of the right miner depends heavily on your individual requirements and the goals that you want to achieve with your investment in mining. We are happy to advise you to find the best solution for your needs. Book a consultation using our contact form and we will make a tailor-made recommendation.

Is crypto mining legal?

In most countries, crypto mining is legal, but there are regions where it is prohibited or heavily regulated.

Are there taxes on mining rewards?

Yes, mining rewards are taxable in many countries and must be declared as income or investment income.

How can I cash out my mining rewards?

Mining rewards can be transferred to crypto wallets and exchanged for fiat currencies via crypto exchanges.

What happens after the last Bitcoin?

After the maximum spending of 21 million bitcoins, there will be no new bitcoins as rewards, but miners will be rewarded through transaction fees.

What are the benefits of ASIC mining?

ASICs are optimized for specific mining algorithms and offer much higher efficiency and hashrate than normal GPUs.

How does network hashrate affect mining?

The higher the network hashrate, the harder and more competitive it becomes to mine blocks.

Can mining cause overheating?

Yes, mining produces a lot of heat, and without adequate cooling, hardware can overheat and be damaged.

What are crypto wallets?

Crypto wallets are digital wallets that are used to store, send, and receive cryptocurrencies.

Can you mine mobile?

Although there are mobile mining apps, mining on smartphones is not profitable due to low computing power compared to specialized mining devices.

Can I mine at home?

Yes, but mining at home is often inefficient and can result in high electricity costs. Professional miners use specialized mining farms.

How high are the electricity costs when mining?

Electricity costs vary depending on region, hardware, and the amount of computing power that is being used. They can be significant and have a big impact on profitability.

What are mining rewards?

Mining rewards are the newly created cryptocurrencies that miners receive in return for validating blocks.

Can I mine multiple cryptocurrencies at the same time?

Yes, this is known as “multi-mining” or “dual-mining,” but it depends on the hardware and mining software used.

What is “Proof of Stake”?

Proof of Stake (PoS) is another consensus mechanism that validates transactions based on the share of the respective cryptocurrency that a participant holds.

What does “proof of work” mean?

Proof of Work (PoW) is a consensus mechanism in which miners solve math problems to validate transactions and generate new blocks.

How does mining impact the environment?

Mining uses a lot of energy, which can result in a high carbon footprint. Many miners are looking for sustainable energy sources to reduce consumption.

What is a hashrate?

The hashrate indicates the computing power of a miner or the entire network and measures how many calculations can be performed per second.

What are the risks of mining?

Risks include high initial investments, fluctuating crypto prices, and increasing mining difficulties, which can affect profitability.

Is crypto mining profitable?

Profitability depends on electricity costs, hardware efficiency, and the current price of cryptocurrency. It is advisable to carry out a cost-benefit analysis before you start.

How long does it take to mine a block?

The time it takes to mine a block depends on the difficulty of the network and the processing power. With Bitcoin, it takes an average of 10 minutes.

What is a mining pool?

A mining pool is a network of miners that pool their computing power to increase the likelihood of validating a block. The rewards are shared among participants.

What is crypto mining?

Crypto mining is the process of validating transactions on a blockchain by solving math problems with computers. Miners receive new cryptocurrencies as a reward for this.