Frequently Asked Questions

What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money.

What is Bitcoin mining?

Mining is the process of spending computing power to process transactions, secure the network, and keep everyone in the system synchronized together. It can be perceived like the Bitcoin data center except that it has been designed to be fully decentralized with miners operating in all countries and no individual having control over the network.

How does Bitcoin mining work?

Anybody can become a Bitcoin miner by running software with specialized hardware. Mining software listens for transactions broadcast through the peer-to-peer network and performs appropriate tasks to process and confirm these transactions.

What do I need to start mining?

Simply visit the sign up page and create a free account if you haven't done that previously, or sign in to member dashboard, fund your account, then choose a suitable mining plan, and start mining. Profits are added to yor account after plan duration elapse.

Why do I have to wait for confirmation?

Receiving notification of a payment is almost instant with Bitcoin. However, there is a delay before the network begins to confirm your transaction by including it in a block. A confirmation means that there is a consensus on the network that the bitcoins you received haven't been sent to anyone else and are considered your property.

Why do I have to wait for confirmation?

Receiving notification of a payment is almost instant with Bitcoin. However, there is a delay before the network begins to confirm your transaction by including it in a block. A confirmation means that there is a consensus on the network that the bitcoins you received haven't been sent to anyone else and are considered your property.