User Login

User Register

  • B2G/USD$6.48
  • BTC/USD $3,605.45
  • ETH/USD$121.08

FAQ

FREQUENTLY ASKED QUESTIONS ABOUT BTC MINING FACTORY

What is BTC Mining Factory?

BTC Mining Factory is Cloud Mining platform, which is transforming global crypto mining industry by building Shared Managed Mining Farm. We at BTC Mining Factory aims to be the world's leader in cloud mining by utilising the most dynamic Mining Pools and focusing on the best paying cryptocurrencies.

What is Cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency and arguably its most endearing allure is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

What is Mining?

The cryptocurrency mining involves two functions: releasing new coins into the system as a reward, and verifying and adding transactions to the Blockchain, a public ledger.

What is mining pool?

A Mining pool is the pooling of resources by miners, which is a group of miners working together to increase their chances of finding a block at the group level, compared to that at the individual level. Through such pools, miners combine their computational resources with those of the other members, which enhances their joint processing power, and helps to achieve the desired output faster.

What is Cloud Mining?

Cloud Mining is the process of Cryptocurrency mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine cryptocurrencies without managing the hardware.

How cloud mining works?

In general, there are three forms of remote mining available at the moment:

Hosted mining

Lease a mining machine that is hosted by the provider.

Virtually hosted mining

Create a (general purpose) virtual private server and install your own mining software.

Leased hashing power

Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)

GET STARTED TODAY WITH BTC AND ETH

Open account for free and start mining your favorite coin!