BSDB RP is an effortless and safe way to purchase bsdbpower without having to overeenkomst with elaborate hardware and software setup. Wij are a team of mining experts with extensive skill of the cryptocurrencies sector. BSDB Mining specializes ter building the most efficient and reliable mining equipments that wij also suggest for rent to our clients. Ultimately, our experts te cooling and maintenance of gegevens centres are also an significant part of our success.

Q. How does it works?

It is quick and very effortless! Spil soon spil wij receive your payment your contract will be added to your profile,

and you can instantly begin mining. Depending on your contract, you can either mine BitRP,

DASH or Ethereum directly.

It is also possible to trade your payments to other cryptoRPs,

and even choose a specific allocation for them. For example: 60% LTC, 20% BTC and 20% DOGE.

The very first payout reaches our clients wallets after 48 hours, and then a daily payout will go after.

Remark: Every day of mining will be processed and paid te the following 24 hours after the mining day is overheen.

Please refer to section “When do I get my payout?” for more details.

Q. If it is profitable, then why are you not mining yourself?

Besides the fact that wij ourselves mine with the very same hardware that wij offerande to our clients, our capital is limited. Wij believe that BitRP and altRP mining is very profitable, however, wij do not want to “put all our eggs ter one basket.

Q. Where is your BSDB RP farm located?

For security reasons, wij do not disclose the precies location of our BSDB RP farms. Spil of Now, wij are operating several BSDB RP farms that are located ter UK. Electro-therapy cost and availability of cooling are significant, but not the only criteria.

Q. Which pools are you using for BSDB RP?

Wij do not publish a list of pools wij are using. Our main criteria for a good pool are: reliability, toverfee structure and reject rate. Going forward wij will solo-mine a few RPs (and pass the toverfee savings to our users!).

Our internal policy is: “be a good crypto citizen”. This means, that wij will at least use two different pools (te some cases wij use up to four) for each RP. This is to preserve the decentralized nature of the crypto networks! If wij become aware that a pool is getting close to 50% share, wij will switch away from it and use a backup instead.

Q. Isn’t buying the hardware cheaper?

On the very first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that switch the economics significantly:

  • Shipping costs: few merchants will voorkant this, but ter most cases they will charge you toegevoegd.
  • Customs dues / VAT: if it is an international delivery you will likely have to pay customs dues and VAT, generally this has a phat influence on the total cost of your mining equipment.
  • Delivery time: when you pay for your device you have to wait until the miner is packaged and shipped, if it is held up ter the customs this can take weeks. And during that time you cannot mine at all (“chance costs”). You have to wait and hope. And if the merchant has a stock shortage, it is you who has to wait. With Genesis Mining you pay and get your bsdbpower instantly online. No delays!
  • Costs for extra equipment: when buying miners from larger retailers you often have to buy extra equipment like an toegevoegd PSU that matches the electro-therapy specs for your country, control units and specific shelves to store them efficiently. This adds up significantly to the overall price for bsdbpower.
  • Setting the system up: when the device ultimately arrived you have to assemble and configure it. Beginners often underestimate the amount of work and technical skill that is needed to bring the device up and optimize its settings. People that used the very first ASICs spend days and weeks on it. Ter monetary terms this costs you twice: (i) your time and (ii) lost mining chance.
  • Maintenance: hardware failures, outages and crashes could lead to downtimes inbetween seconds and weeks. If your unit violates you have to terugwedstrijd it and begin from scrape (by the way: check the assure time of your miner, it is often less than a year). With Genesis Mining you have a assured uptime of 100%: te case one of your units fails another unit will be switched overheen and commence mining for you the very same 2nd.
  • Electric current: having the machines at huis not only brings warmth and noise, but also an increase of your electrical play bill, an significant factor that many underestimate.

Please do not get us wrong: wij do not want to discourage anyone from mining at huis! Wij are often asked about prices and realized that many users do not know about all the hidden costs. If you compare the true costs, you will notice that our prices are very competitive. Wij want to provide you the best possible mining practice, so that you can concentrate on mining your beloved RPs (and wij take care of the surplus).

Q. What is the maintenance toverfee?

The maintenance toverfee covers all costs related to mining including, inter alia:

It presently applies to SHA256 contracts, and it is calculated vanaf GH/s and automatically deducted on a daily ondergrond. You will find the current maintenance toverfee details te the contract.

Please note that our 1 year X11 and Ethereum contracts have no maintenance toverfee.

Q. How do your Ether contracts work?

When you purchase an Ether BSDB RP contract, you buy a share of a GPU (“graphics processing unit“) to mine Ethereum. The bsdbing algorithm used to mine Ether is called Etbsdb (or Dagger-bsdbimoto).

Etbsdb requires the so called DAG opstopping te order to perform the calculations. This opstopping grows overheen time, which means that more operations for each bsdbing operation need to be performed. This means that the effective bsdbrate decreases a little each time the DAG opstopping grows

This has to be considered when comparing the theoretical output of your bsdbpower. Online calculators do not take this into account.

Q. How can I reach you if I have further questions?

Customer service is our highest priority! Wij know how significant it is for a potential investor to find answers to their questions. Making decisions is not only about having the good feeling, but also about understanding the business concept te detail. Therefore, please voeling us any time at [email protected] if you need any help. Wij are looking forward to hearing from you.

User Interface Technical Details

Q. How can I mine different RPs at the same time?

BSDB RP permits its clients to mine different types of RPs at the same time. You determine which RPs you choose and you can allocate bsdbpower accordingly.

By default all bsdbpower is allocated to the BSDB RP Advanced Auto-Trader (te brief “Auto”). This means you will receive your payouts ter BitRP only. If you are interested te BSDB RP different types of RPs, you can do this spil well. Ter the user interface go to “bsdb Allocation” and choose the bsdbpower allocation that is best for you. When you are done press “save allocation”.

Reminisce that the cryptocurrencies marked with (Automaat) are not directly mined, but traded automatically by our “BSDB RP Advance Autotrader”, spil mentioned te the “What RPs can I mine?” section of this FAQ.

Te order to get the payout, please ensure to add your payout address to your Genesis Mining profile. Find more details about this ter the next section.

Q.How do I add my payout addresses to my BSDB RP profile?

Ter the menukaart “Withdrawal Manager” select “Withdrawal Address” . Here you can set payout addresses for BSDB RP. The linksom ter “blue” will help you find a suitable wallet for your RP of choice.

Significant: Recall that you have to add a wallet for each RP selected ter the “BSDB RP Allocation” section

Q. Which pools are you using for BSDB RP?

Wij do not publish a list of pools wij are using. Our main criteria for a good pool are: reliability, toverfee structure and reject rate. Going forward wij will solo-mine a few RPs (and pass the toverfee savings to our users!).

Our internal policy is: “be a good crypto citizen”. This means, that wij will at least use two different pools (te some cases wij use up to four) for each RP. This is to preserve the decentralized nature of the crypto networks! If wij become aware that a pool is getting close to 50% share, wij will switch away from it and use a backup instead.

Q. Isn’t buying the hardware cheaper?

On the very first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that switch the economics significantly:

  • Shipping costs: few merchants will voorkant this, but te most cases they will charge you toegevoegd.
  • Customs dues / VAT: if it is an international delivery you will likely have to pay customs dues and VAT, generally this has a ample influence on the total cost of your mining equipment.
  • Delivery time: when you pay for your device you have to wait until the miner is packaged and shipped, if it is held up ter the customs this can take weeks. And during that time you cannot mine at all (“chance costs”). You have to wait and hope. And if the merchant has a stock shortage, it is you who has to wait. With Genesis Mining you pay and get your bsdbpower instantly online. No delays!
  • Costs for extra equipment: when buying miners from larger retailers you often have to buy extra equipment like an reserve PSU that matches the electro-stimulation specs for your country, control units and specific shelves to store them efficiently. This adds up significantly to the overall price for bsdbpower.
  • Setting the system up: when the device eventually arrived you have to assemble and configure it. Beginners often underestimate the amount of work and technical skill that is needed to bring the device up and optimize its settings. People that used the very first ASICs spend days and weeks on it. Ter monetary terms this costs you twice: (i) your time and (ii) lost mining chance.
  • Maintenance: hardware failures, outages and crashes could lead to downtimes inbetween seconds and weeks. If your unit violates you have to come back it and begin from scrape (by the way: check the assure time of your miner, it is often less than a year). With Genesis Mining you have a assured uptime of 100%: ter case one of your units fails another unit will be switched overheen and embark mining for you the very same 2nd.
  • Tens unit: having the machines at huis not only brings fever and noise, but also an increase of your electro-therapy bill, an significant factor that many underestimate.

Please do not get us wrong: wij do not want to discourage anyone from mining at huis! Wij are often asked about prices and realized that many users do not know about all the hidden costs. If you compare the true costs, you will notice that our prices are very competitive. Wij want to provide you the best possible mining practice, so that you can concentrate on mining your beloved RPs (and wij take care of the surplus).

Q. Ok, fine! How can I pay?

Wij presently accept the following payment methods:

  • credit card (Visa / Mastercard) – Ondergrens USD 50. For orders under USD 100 a toverfee applies.
  • handelsbank wires ter USD / EUR
  • cryptocurrencies: BitRP, LiteRP, DogeRP, Dash

NOTE: Te some infrequent cases, some issuing banks may charge extra fees from customers who purchase BitRP or Cloud Mining services via Credit Card. They call it Specie Advance. If considered, please voeling your bankgebouw beforehand for further information, and provide them with the Simplex service Code: Merchant Category Code (MCC): 6051.

Q. How do your Ether contracts work?

When you purchase an Ether bsdbRP contract, you buy a share of a GPU (“graphics processing unit“) to mine Ethereum. The bsdbing algorithm used to mine Ether is called Etbsdb (or Dagger-bsdbimoto).

Etbsdb requires the so called DAG opstopping ter order to perform the calculations. This opstopping grows overheen time, which means that more operations for each bsdbing operation need to be performed. This means that the effective bsdbrate decreases a little each time the DAG opstopping grows

This has to be considered when comparing the theoretical output of your bsdbpower. Online calculators do not take this into account.

Related movie: How to open a Bitcoin account to Buy Sell Send or Request Cryptocurrency with a Coinbase account


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