Insure your hash rate by mining with Cyberian mine
FREQUENTLY
asked
questions
asked
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Answers to most common questions about Bitcoin in general, crypto-mining, Cyberian Mine and our unique approach to hosted mining.
Can’t find an answer? Please visit our platform and chat to our super-smart AI-bot!
Or ask us and our long-term clients in our warm community in Telegram.
Or ask us and our long-term clients in our warm community in Telegram.
BITCOIN MINING
Bitcoin is the first decentralized cryptocurrency. It uses peer-to-peer technology and keeps balances on a public ledger.
Bitcoin mining is the process of verifying bitcoin transactions and adding them to the blockchain. Miners use their computing power to solve complex mathematical problems and are rewarded with newly created bitcoins and transaction fees.
Bitcoin transaction fees are fees paid by users to miners in exchange for validating their transactions. These fees are included in the blocks created by miners, along with the block reward.
Difficulty refers to how much processing power is competing on the Bitcoin network to verify transactions. The more machines attached to the network, the higher the processing power (hash rate). The higher the processing power, the faster the network can confirm the transactions.
Any Bitcoin wallet should work, for Bitcoin miners, except for Lightning wallet addresses. You may decide to host your Bitcoin personal address anywhere. You can process with a few basic Google researches to find a wallet that suits your needs, with no restriction.
Using a hardware wallet address for Bitcoin mining revenue is not recommended due to limited RAM and capacity. It is best to send mining payouts to an exchange and then either transfer them to your hardware wallet in a single transaction or raise the mining pool payout level, to reduce volumes of transactions to your address.
The halving is an event in Bitcoin where the amount of bitcoin mined every ten minutes gets cut in half. It is decreed by the Bitcoin core code and historically has been a catalyst for pushing bitcoin towards a bull market.
GETTING STARTED
You can start today. There's no waiting for delivery and installation. Our stock includes Bitmain's Antminer, MicroBT's Whatsminer, and Canaan miners.
Yes, you can. We offer "fractional miners," so you can buy a percentage of the hash rate of a full machine.
If a machine fails, Cyberian Mine will repair it on-site and your hash rate will continue as normal. There are no losses and no extra costs for you.
No, you cannot send or bring your own machines to Cyberian Mine. For quality control, we only allow miners from our internal store that have passed our checks. There are also administrative concerns.
Cyberian Mine owns the physical machines.
We formed a Russian Company, Cyberian Mine Rus LLC, which owns and operates the equipment. This means we take care of all legal matters, taxes, and services for clients.
We formed a Russian Company, Cyberian Mine Rus LLC, which owns and operates the equipment. This means we take care of all legal matters, taxes, and services for clients.
When your miner starts, you’ll pay for the electricity it needs to run.
Electricity prices are 0.059 €/kWh and this is covered by your daily hosting costs.
Electricity prices are 0.059 €/kWh and this is covered by your daily hosting costs.
The miners we offer are more expensive due to several key market advantages. You are buying a hosting contract with Lifetime Warranty and Automatic Failover. In practical terms, the price you pay for your miner includes the cost of fixing all repairs or failures.
Manufacturers publish optimistic figures for power consumption. We add 5% to account for extra energy losses.
When selecting a miner, you have to consider the hash rate, power efficiency, and cost. Look for a miner with a lower efficiency for long-term sustainability.
We exclusively mine Bitcoin using ASICs SHA256 mining machines. We do not mine with GPUs or accept GPU miners. We also offer the option for merged mining with Elastos (ELA), Namecoin (NMC), and Hathor Network (HTR).
We accepts fiat currency via SEPA, SWIFT Bank transfer, Wise Bank transfers, as well as crypto payments including Bitcoin and stablecoins such as USDT, USDC, TUSD, MATIC, DASH, DAI, AVAX, LTC, SOL, DOGE, ADA, BCH, BNB, and XRP.
Yes, we provide monthly invoices for all services, including purchased miners and hosting fees. Invoices are accessible from the personal dashboard and downloadable in PDF format.
MINE FOR LONG
Yes, we use green, renewable, and surplus Siberian hydropower, which is the lowest-priced green electricity in the world.
You can expect to receive mining rewards as long as you cover the daily hosting fee. The hash rate remains stable over time.
Yes, there are outages in the Bitcoin mining industry, including temporary outages for maintenance and cleaning on the Electricity Providers, as well as longer outages during power line work or testing. These outages can affect the hash rate delivery, but we strive to keep them rare.
Our all-time average of delivered hash rate is 96.8%.
In 2023, our overall average performance was 98.64%.
We publish our daily Delivered Hashtate performance: https://bit.ly/CMDHR
In 2023, our overall average performance was 98.64%.
We publish our daily Delivered Hashtate performance: https://bit.ly/CMDHR
No, the hash rate is not guaranteed. We provide the hash rate for your miner as long as you continue to cover the hosting costs, but there can be outages and technical issues that may temporarily affect the global performance.
You can stop mining and exit by either selling your miner on our Marketplace or using the "Instant Sell" feature to sell it back to Cyberian Mine.
No, you cannot take away the miners as they remain the property of Cyberian Mine. You can sell your hash rate service back to the company or on the marketplace.
Eco mode is a feature in some miners that optimizes their efficiency by lowering the hash rate and reducing power consumption, potentially making them more profitable. We offer an Eco, operating mode for all the compatible miners on our platform. You’re free to use it, it’s an easy switch to toggle.
When you change the Operating mode to Eco mode, your miner's power draw and hash rate are reduced, aiming to lower electricity costs and extend the hardware's lifespan.
When you change the Operating mode to Eco mode, your miner's power draw and hash rate are reduced, aiming to lower electricity costs and extend the hardware's lifespan.
Yes, we have a referral system that offers incentives for referring new customers. Referees receive a 2% credit on their first purchase and a 1% credit on subsequent purchases made at the store. There is no registration bonus.
When your cash balance exceeds 1000€, we calculate a discount on electricity for you. So we're able to reduce the hosting costs for your miners, even more!
MINING POOL
FPPS, or Full Pay-Per-Share, is a payout method where miners receive a standard transaction fee plus a block reward based on the actual block reward value.
Your account at f2pool operates in "read-only" mode. This means that we take care of all administration for your account, including set up and changes.
When we configure your account, all your miners get gathered in a F2Pool sub-account, with a single "cmine-XXXXXXX" worker. If you ever add a new Miner after that, its hash rate capacity will get added to your worker, and that’s totally effortless for you.
When we configure your account, all your miners get gathered in a F2Pool sub-account, with a single "cmine-XXXXXXX" worker. If you ever add a new Miner after that, its hash rate capacity will get added to your worker, and that’s totally effortless for you.
Minimum payout on f2pool is 0.005 BTC. When you reach the threshold, payment is sent to your wallet. The pool payout threshold can be adjusted by opening a support ticket.
ABOUT US
Yes, Cyberian Mine is a legitimate company operating as Cyberian Mine GmbH in Germany and Cyberian Mine LLC in Russia. It has been in existence since January 19, 2018.
We currently operate multiple mining facilities located in Siberia, Russia. These locations are chosen for their cold climate and access to cheap electricity.
We share our facilities infrastructure with the owners of the locations. We have shared security and engineer costs, which reduces our operating expenses.
Yes, you can visit our office at The Factory on Rheinsberger Straße 76 in Berlin, Germany. Please let us know before you drop by, we’ll be pleased to arrange an appointment there.
SAFETY
Yes, our facilities are secure with onsite security, alarm buttons, thermal monitoring, fire protection measures, and a nearby fire department.
Yes, you can request for account deletion and personal data deletion by clicking the "Cancel account" button on your profile.
SOCIALS
Socials should be fun.
Follow Cyberian Mine CEO Max Matrenitski on his crypto adventures, get the latest mining news, and stock up on Bitcoin memes!
Follow Cyberian Mine CEO Max Matrenitski on his crypto adventures, get the latest mining news, and stock up on Bitcoin memes!
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