Bitcoin is a digital currency that is created by users to do transactions or transfer of funds. It is a first decentralized payment network that is also referred as cryptocurrency, digital cash, and international payment network.
The blockchain is a vast and distributed public ledger account which keeps record of every transaction which has ever been made by network miners. To make a blockchain, miners or individuals solve mathematical puzzles on their computers and after solving that puzzle they get awarded with a few Bitcoins. All transactions on the blockchain are transparent and public can see these transactions.
Bitcoin mining is a digital process that involves specialized computers in solving hash functions or mathematical puzzles. When miner successfully solve the mathematical equations then in turn miners get some Bitcoins. In addition, miners also get rewarded with network fees whenever they harvest any new coin.
Bitcoin wallet is basically an application that stores, receives, and sends Bitcoins Bitcoin wallets are available on different platform e.g mobile app, desktop app web app.
There are exchangers where it is possible to exchange cryptocurrency like bitcoin to fiat currency. Also cryptocurrency can be used on various online marketplaces for buying various products. In addition, you can sell the Bitcoins through localized two-way ATM.
Bitcoin is legal in most of the countries, except some small nation states like Ecuador. For detailed information, people can read about the Bitcoin and its regulatory policies on Wikipedia. So it is advisable to have a look your country regulation about cryptocurrency before investing.
mininghub start mining of your preferred cryptocurrency within 24-72 hours of payment verification. After the verification, your hashing power will start giving rewards.
Minimum withdraw threshold is 0.005 BTC. So you can request for withdrawing when it is accrued at least 0.005 BTC in your wallet.
mininghub works in highly transparent manner. We have created the dashboard where you can check your mining returns that will be updated on regular basis. So login onto your minginghub account, it will redirect to your dashboard on successful logon.
No, at the moment this process is not automated owing to various security incidents. When you cross minimum return threshold, then you can request for returns to be paid by adding your wallet address.
Yes, we charge small mining fee of 0.0005 BTC for each transfer. We would like to confirm fellow customers that this is something which is required to be paid by mininghub as well to the network.
mininghub is backed by data center industry experts and we want profits in maintenance fee we charge for hashing rate.
It is our endeavor to ensure safety and security of every customer so we constantly work to enhance the security.
mininghub make use of latest ASIC (Application Specific Integrated Circuit) chips and GPU (Graphics Processing Unit) machines for achieving excellent returns. However, your returns are independent of mining equipment/hardware that are used by mininghub. You buy hashing power from mininghub and get returns based on that hashing rate.