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

Electricity costs 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.

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

In cases 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

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.

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.

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.

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.

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.

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

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.

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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.

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.

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.

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,...).

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.

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.

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

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