• Our team of mining experts with extensive knowledge of the digital currency sector specializes in building the most efficient and reliable mining facilities. Byt-Miner is the first ever Bitcoin Mining service, which targets professional investors looking to gain access to Bitcoin's and various other digital assets’ potential.
• Our service was founded by the end of 2018 and with now over 1.000.000 users we are the world's leading multi-algorithm cloud mining service.

• Depending on the blockchain algorithm you select and the associated mining service agreement you enter into, you can either mine native cryptocurrencies directly or allocate your hashpower to other cryptocurrencies (marked with AUTO), and even choose a specific allocation for them.
• The first mining output is released after 2 hours, and then a daily mining output will follow. Currently we only work with BTC.
• Remark: Every day of mining will be processed and sent to your account in the following 24 hours after the mining day is over.

It is always possible that mining hardware crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.

We do not publish a list of pools we are using.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

1. Electricity cost
2. Cooling
3. Maintenance work
4. Hosting services

To request a withdrawal on the site, you need to go to your user account dashboard,

Find the Withdraw button in the Account Summary section and click on it.

Next, you will need to enter a valid wallet address to continue Then click the Withdraw now button.

The system will require you to activate two-factor authentication (2FA), indicate the required amount for withdrawal and select a continue.

Transfers usually take up to 30mins max.

• - Self-purchase of equipment is not always easy and safe. First of all, you need to choose a retailer. Pay attention to the constituent documents of the retailer, if you make this operation. It would be much safer to make purchases from a trusted retailer with a 2+ year experience and a feedback base and regular customers.

• - Often people have been slipped with used / miners or other models of miners. Before you pay for the equipment, carefully check the logs, as well as run your ASIC for at least 30 minutes, to make sure that it is able to consistently maintain the increased power. Also quite often, the suppliers, hoping for the client's illegibility, sell him another model of the miner. The differences between the same S9 (14.5) and S9i and S9 (13.5 TH / s) may not always be obvious, and an inexperienced user who, without noticing them, may find himself the owner of a knowingly unprofitable machine that has long been removed from the warranty.

• - Shipping cost + customs expenses + VAT + commissions outbid. All this will affect the future payback of the project. That's why cloud mining was chosen - everything is already included in the price.

•  - The miners need to take care! Not only that miners consume electricity - in addition, they still produce a lot of heat and rustle like an average vacuum cleaner. And even having solved this problem, you have to be prepared for the fact that improper conditions and irregular maintenance of miners can lead to a speedy car breakdown, which means simple technology for you as an entrepreneur.

• Our team of mining experts with extensive knowledge of the digital currency sector specializes in building the most efficient and reliable mining facilities. Byt-Miner is the first ever Bitcoin Mining service, which targets professional investors looking to gain access to Bitcoin's and various other digital assets’ potential.
• Our service was founded by the end of 2018 and with now over 1.000.000 users we are the world's leading multi-algorithm cloud mining service.

• Depending on the blockchain algorithm you select and the associated mining service agreement you enter into, you can either mine native cryptocurrencies directly or allocate your hashpower to other cryptocurrencies (marked with AUTO), and even choose a specific allocation for them.
• The first mining output is released after 2 hours, and then a daily mining output will follow. Currently we only work with BTC.
• Remark: Every day of mining will be processed and sent to your account in the following 24 hours after the mining day is over.

Besides the fact that we ourselves mine with the very same hardware that we offer to our clients, our capital is limited. We believe that Bitcoin and Altcoin mining is one of the best ways to receive Cryptocurrencies, however, we do not want to “put all our eggs in one basket”.

It is always possible that mining hardware crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.

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

•  Shipping costs: few merchants will cover this, but in most cases they will charge you extra.
• Customs dues / VAT: if it is an international delivery you will likely have to pay customs dues and VAT; generally this has a huge impact 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 in the customs this can take weeks. And during that time you cannot mine at all (“opportunity 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 hashpower immediately online. No delays!
• Costs for additional equipment: when buying miners from larger retailers you often have to buy additional equipment like an extra PSU that matches the electricity specs for your country, control units and specific shelves to store them efficiently. This adds up significantly to the overall price for hashpower.
• Setting the system up: when the device finally arrived you have to assemble and configure it. Beginners often underestimate the amount of work and technical knowledge that is needed to bring the device up and optimize its settings. People that used the first ASICs spend days and weeks on it. In monetary terms this costs you twice: (i) your time and (ii) lost mining opportunity.
• Maintenance: hardware failures, outages and crashes could lead to downtimes between seconds and weeks. If your unit breaks you have to return it and start from scratch (by the way: check the guarantee time of your miner; it is often less than a year). With Genesis Mining you have a guaranteed uptime of 100%: in case one of your units fails another unit will be switched over and start mining for you the very same second.
• Electricity: having the machines at home not only brings heat and noise, but also an increase of your electricity bill; an important factor that many underestimate. Please do not get us wrong: we do not want to discourage anyone from mining at home! We 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. We want to provide you the best possible mining experience, so that you can focus on mining your favorite coins (and we take care of the rest).

• When evaluating the benefits, please keep in mind that mining, and using our service, is subject to a daily maintenance fee (applicable to your mining plan) which must be deducted from the daily mining rewards.
• The results of cryptocurrency mining highly depend on the price and the network difficulties of the given cryptocurrencies that you are mining. Neither of those can be predicted, so each customer must make an independent decision about the benefits of cryptocurrency mining and, in doing so, should consider the risks and their own circumstance when choosing whether to mine.

1. Electricity cost
2. Cooling
3. Maintenance work
4. Hosting services

• credit/debit card: Visa, Mastercard via Coinbase.com
• cryptocurrencies: Bitcoin, Litecoin, Dash
• Credit card purchase limits: User Account defined.

• Cryptocurrency purchase limits:
• Successful purchases per day: unlimited
• Successful purchases per week: unlimited
• Daily purchase limit: unlimited
• Monthly purchase limit: unlimited

• Withdrawal limits:
• Daily: unlimited
• Monthly: unlimited

• NOTE: In some rare cases, some issuing banks may charge additional fees from customers who purchase Bitcoin or cloud mining services via credit/debit card. They call it ‘cash advance’. If considered, please contact your bank beforehand for further information. WE DO NOT ACCEPT CASH OR CHECK.

• We have a lot of scripts running, and there are numerous checkups that are being done, which even include checking some parts of the process manually, to maximize mining outputs for our customers.

• Therefore, as a result of that, the time between two outputs can (and will) occasionally be longer than 24 hours. On the other hand, it can also be shorter than 24 hours. The fact is, you will receive a mining output for each mining day. Please ensure that you provide a wallet address for each coin you mine.

• Keep in mind that all of our mining outputs are daily and automatic, but the actual transfer to your wallet takes place when the balance reaches the minimum amount required for transfer.

• In the meantime, you can see your accumulated mining outputs on your account under “Daily Mining".

We do not have fixed release times, but you will receive a mining output within 24 hours after each mining day. A mining day runs from 00:00 to 23:59:59 UTC. We’ve got a lot of checks and scripts running, and our team is constantly trying to maximize the mining performance for our customers. As a result, the time between two mining outputs can be longer than 24 hours occasionally, but it might also be shorter. In any case, you will receive an output for each mining day.

• Sometimes a transaction can also be delayed in the corresponding cryptocurrency blockchain. Your mining output will pop up in your wallet once it gets confirmed.

• This is the way your mining outputs will mostly vary:

• 1. It may happen that due to the lower mining output, the global interest in mining the natively mined coin of your contract diminishes. This would mean a decrease in the mining difficulty, which would also have a positive impact increasing your mining outputs. Conversely, if difficulty rises, your output will decrease.
• 2. If you change your allocation to any of the available AUTO coins (not natively mined), your mining outputs will be traded from the coin that is natively mined to the selected AUTO coin(s). Therefore, the exchange rate will affect your mining outputs.

• Also keep in mind that some of our products have maintenance fees attached. You will find the maintenance fee attached to your chosen contract in the Terms of Service before the purchase.

• When evaluating the benefits, please keep in mind that mining, and using our service, is subject to a daily maintenance fee (if applicable to your mining plan) which must be deducted from the daily mining rewards.

• The results of cryptocurrency mining highly depend on the price and the network difficulties of the given cryptocurrencies that you are mining. Neither of those can be predicted, so each customer must make an independent decision about the benefits of cryptocurrency mining and, in doing so, should consider the risks and their own circumstance when choosing whether to mine.

• SHA-256 mines BTC and BCH
• X11 mines DASH
• Ethereum mines ETH and ETC
• Zcash mines ZEC
• Scrypt mines LTC and DOGE
• CryptoNight-R mines XMR
• CryptoNightV0 mines XMC

• The other coins are marked with AUTO and they are not mined directly. In other words, mining outputs will be traded automatically from the mined coins to the AUTO ones at the exchange rate of that day.

• Architecture - BTC  ASIC  SHA -256

• go to the Start Mining section on your mining account
• use the checkbox and slider to choose your hashrate "Investment Price"
• click on Add to Cart TO ORDER REVIEW
• By clicking on VIEW CART - after you have added them, click on Proceed to Checkout
• you will be redirected to the payment screen.

• If you pay with cryptocoins, please transfer the right coin amount to the given address as fast as possible (if the order expires after sending your coins, please get in touch with us through the "Contact us" section of your account. They will approve your order manually).

• Once paid, your order should be displayed as approved on your Mining account. If this is not so, please contact customer service via our web form or through the “Contact Customer Service” section of your account.

• We are working on an AUTO-UPGRADE option that you will find on your dashboard. Until then, you can accumulate your mining outputs in your private wallet, and then use them to purchase a new contract.

• You can find out about our staff and management here: https://byt-miner.com/about-us/
• You can read what our customers have to say here: https://byt-miner.com/bytminer-reviews/
• To get an idea about our involvement, ideas and insights, check here: https://byt-miner.com/blogs/

Here's how to start mining bitcoin.

Step 1: Create an account

Step 2: Visit ASIC Shop and Choose an ASIC

Step 3: Select a Contract Runtime

Step 4: Join a mining pool

Step 5: Get hashrates and check your payouts.

• Choosing your ASIC is one of the most important decisions any miner needs to make. We will guide you through some of the key factors to consider:

• Brand and model - Bitmain (Antminer), MicroBT (WhatsMiner), and Canaan (AvalonMiner) are the most well-known bitcoin ASIC manufacturers with years of history. There are other companies that produced bitcoin ASICs, however, you should always do your due diligence.

• Hashrate and power consumption - The hashrate is measured in TH/s and is the computing speed of the machine, and determines how much bitcoin you can mine per day. The power consumption is measured in kW and determines how much you will need to pay for your hosting bill. A higher hashrate and lower power consumption are best.

• Price - The price shown includes the hardware price, and any applicable shipping costs and duties to get the hardware landed in the chosen country unless stated otherwise.

• Lead time - There is a price premium on machines that can get up and mining faster. ASIC manufacturers have monthly production schedules, and the further out your purchase, the cheaper the machines can be.

• Condition and warranty - New and used ASICs can both be purchased with Byt-Miner. New units come with a manufacturer warranty (Bitmain, MicroBT, and Canaan all offer 12-month warranties), and used units can come in varying conditions.

• Minimum order quantity (MOQ) - The MOQ is the minimum order size. Where possible we try to set a MOQ of 1 unit, however in some cases, a larger number of units will need to be purchased to complete the order.

• The ASIC hardware and hosting fee covers the electricity fee, facility security, customer service, and monitoring.

• The monthly hosting fees can be estimated with the following formula:
• Approximate cost to run S19J Pro (3.25kW at $0.062/kWh)

• - 3.25kW/h * $0.062/kWh = $0.2015 / hour
• - 3.25kW/h * 24 hours * $0.062/kWh = $4.836 / day
• - 3.25kW/h * 24 hours * 31 days * $0.062/kWh = $149.916 / month

• The actual monthly hosting amounts will fluctuate slightly depending on the days of the month and also if there is any extended maintenance at the facility. If there is any maintenance that results in extended downtime for your miners and they are not consuming power, a downtime credit will be applied.

• Transaction fees Mining subsidy Combined, these two payouts comprise a block's reward.

Block Reward = Transaction Fees + Mining Subsidy

• The transaction that pays miners has a special name. They’re called coinbase transactions and are the first transaction included in any block. Miners use coinbase transactions to collect fees from transactions in a block and the block’s reward.

What are transaction fees?

• Every time bitcoins are transferred from one wallet’s address to another, the sender incurs a fee. These fees are paid to miners who collect various transactions to include in new blocks. So, every time a new Bitcoin block is mined – roughly once every 10 minutes – the fees from all the transactions in any particular block are claimed by whoever mined the block.

• Users can generally decide how much they want to pay miners for a given transaction. Yet, blocks can only fit so many transactions inside them. So, the average fee tends to rise as more people wish to send transactions at the same time. Conversely, when fewer transactions are waiting to be processed, fees decline.

• But where do transactions go before being included in a block? Transactions sit in a waiting room called a “memory pool” (often referred to as the “mempool”) from where miners select transactions to be included in the next block. A transaction with a high fee is more likely to be picked out of the mempool during busy times.

What is a mining subsidy?

• A reward is paid to the miner who first successfully adds the next block to the network. Unlike transaction fees, which are highly variable, each block has a predetermined subsidy.

• In May 2020, the subsidy dropped to its current rate of 6.25 BTC. When bitcoin first launched in 2009, each block carried a subsidy payout of 50 BTC. That amount drops by 50% every 210,000 blocks that are mined, or roughly every four years. These subsidy reduction intervals are commonly known as “halvings.”

• As the term suggests, the Bitcoin network’s hashrate is simply the estimated rate of total hashes generated by all active mining machines. Called hashing, the process of generating hashes is the primary job of miners.

What’s a hash?

• Hashes are strings of numbers and letters used to encrypt data.

• Any sort of raw information—like passwords, poems, or single letters—can be turned into a hash by using specific hashing algorithms. The Bitcoin protocol uses the SHA-256 hashing algorithm.

• All hashes are unique, like fingerprints. No two pieces of data generate the same hash. And there is no way to “unlock” a hash to know what data it contains. Only by re-entering the exact same information into the hashing algorithm and generating an identical replicated hash can the data behind the first hash be verified.

Measuring hashrate

• Hashrate (sometimes called hash power) is an estimate of the total amount of computational activity that bitcoin miners spend working to add new blocks to the network. This task requires miners to encrypt data into hashes and match it with a piece of encrypted data in the new block, called a nonce. Finding an encrypted match solves the block.

• Hashrate is measured using the base unit of hashes per second (h/s).

• The metric itself is extrapolated from the speed at which new blocks are added to the blockchain, which can lead to variance in the hashrate number reported by different data providers.

• Large warehouses typically house mining farms, and it’s not uncommon to repurpose old factories for bitcoin mining farms. But size and scale are irrelevant for an operation’s designation as a mining farm.

• Mining farms are equipped with large cooling and ventilation systems, rack or rig structures to hold machines, and adequate power supplies. ASIC miners generate an abundance of noise and heat and large-scale operations require extensive and reliable amounts of electricity.

• The advent of portable mining operations allows miniature mining farms to relocate based on the availability of cheap energy. As an alternative to building large mining farms in a single location, mobile mining units can travel to power stations with excess power or natural gas sites to harness would-be flared gas.

• Cloud mining is rent of mining equipment hash power. In this case, you do not need to buy expensive mining equipment and do not bear any risks associated with its breakdown. You do not incur additional costs for the hosting and maintenance of equipment, as well as for any malfunction. When you buy a cloud mining contract, you pay a fixed amount for the use of devices located in the data center. The main advantage of cloud mining is the quick receipt of BTC to your wallet. You do not need to wait for a pre-order of the mining equipment for more than 8 months and pay huge sum for it.

• Cloud mining companies will offer purchase agreements for part of their total hashrate to customers. Customers don’t own mining machines, they simply own a portion of the company’s hashrate for as long as the mining contract lasts. In exchange for purchasing some of the hashrate, the cloud mining contract will include an agreed-upon payout.

• The goal of cloud mining is to remove all upfront costs associated with mining from individuals who want to participate in mining, albeit in a very limited way. But in exchange for removing this hardware, maintenance, electricity, and other costs, ownership and control of the actual mining hardware stay with the company and not the clients.

• Several legitimate companies offer cloud mining contracts, but this type of mining service has historically suffered as a target for fraudulent businesses who sell more hashrate than they have or simply disappear with customer funds.

Cloud Mining versus Byt-Miner

• Byt-Miner offers full ownership of mining hardware to its clients, optionality to move mining machines between different facilities, join and swap mining pools, or sell mining machines to other miners for group mining purpose maintained by Byt-Miner.

• With Byt-Miner, miners are not simply signing a contract to buy a portion of someone else’s mining operation. They also buy their own machines, direct the Byt-Miner team to place them in a facility of their choice, and give full control of the hardware to Byt-Miner.

In the last months we have witnessed a steady rise of impersonators of so called Byt-Miner agents and other types of scammers.

Please be aware that:

1. The only way to purchase from us is via our official website.
2. We are not selling ASIC hardware.
3. We are currently not selling any type of mining hash power.
4. We will never ask you to send money to any address for any reason. If someone asks you to do this, they are trying to scam you and should be ignored.
5. Our customer service will NEVER initiate a dialogue with you out of the platform, and only if you message them first via the customer service portal.
6. We do not employ any sales agents that pro-actively chat you up with any type of private message platforms or on social media.
7. We do NOT offer an iOS / Android app.
8. You should always be suspicious if a merchant asks you on Whatsapp, Telegram or other not-so-formal platforms for payment.

How can YOU make sure something like this doesn’t happen to you? Remember:

1. You can only purchase from us through our official website www.byt-miner.com. We would never ask you to send us any coins or payment via any other platform.
2. bit-miners.com, and any other variations are FAKE, so always check if it’s the right spelling, the right letters, and in the right order!
3. Byt-Miner does not have any “agents” on any social media platform.
4. The only official way to contact us is via our Customer Support team (or support@byt-miner.com) , or via an official email address ending with @byt-miner.com
5. We are currently not on any Social Media channel. Do not sign up with, follow, or like any channels that are not listed there, and do not send DM’s to anyone. Be wary of fake accounts that look similar to us!

• The key difference is that each user is not using their own hardware. Instead, he leases the power of a large company whose equipment mines the crypt, and the tenant receives a commission for this.

• That is, the miner is only required to buy power according to the tariff. The company providing cryptocurrency mining services is responsible for everything itself: purchases equipment, configures all equipment, maintains equipment, pays for electricity. The only thing that remains to be done for an ordinary user is choosing the optimal tariff plan.

• The miner accepts the operation and adds it to the block. Then the coins taken into account in the operation are used in the future.

• Ease of investment. With cloud mining, all you have to do is choose a contract that suits your risk profile, and you are on your way to making good profits.

• No technical knowledge required. Thanks to cloud mining, you do not have to configure the equipment yourself, carry out powerful ventilation and reliable wiring.

• Flexibility. Cloud mining investments offer you different contracts, so you can choose the right contract by expiration date, investment size, risk profile, and even the expected bitcoin price.

• Reliability. By investing in cloud mining, you can be sure that the data center is regularly serviced and the equipment is updated frequently to reduce the likelihood of its breakdown.

• Lack of noise and heating of the room. You do not need to place cloud mining equipment at home, which means that you can earn on cryptocurrencies and live without unnecessary noise and heating of the room.

• Fast return on investment. Given the current complexity of the network, you can recoup your investment within six months. In addition, if the value of bitcoin rises, then you will receive additional income.

The duration of the contract is measured in months.

The minimum contract duration is 3 months. Maximum contract duration - 12 months.

To request a withdrawal on the site, you need to go to your user account dashboard,

Find the Withdraw button in the Account Summary section and click on it.

Next, you will need to enter a valid wallet address to continue Then click the Withdraw now button.

The system will require you to activate two-factor authentication (2FA), indicate the required amount for withdrawal and select a continue.

Transfers usually take up to 30mins max.

As a rule, there are several main reasons why you cannot withdraw funds.

The first reason is insufficient funds.

Withdrawal is possible from 0.001 BTC.

The second reason is the lack of a wallet address.

If none of these reasons work for you, please contact support.

Minimum withdrawals: 0.001 BTC.

NO DOWNLOAD REQUIRED!

We do not charge a commission for adding funds to your balance.

When you top up, you are credited exactly as much as you sent, minus the commission of the bitcoin network itself.

• - Self-purchase of equipment is not always easy and safe. First of all, you need to choose a retailer. Pay attention to the constituent documents of the retailer, if you make this operation. It would be much safer to make purchases from a trusted retailer with a 2+ year experience and a feedback base and regular customers.

• - Often people have been slipped with used / miners or other models of miners. Before you pay for the equipment, carefully check the logs, as well as run your ASIC for at least 30 minutes, to make sure that it is able to consistently maintain the increased power. Also quite often, the suppliers, hoping for the client's illegibility, sell him another model of the miner. The differences between the same S9 (14.5) and S9i and S9 (13.5 TH / s) may not always be obvious, and an inexperienced user who, without noticing them, may find himself the owner of a knowingly unprofitable machine that has long been removed from the warranty.

• - Shipping cost + customs expenses + VAT + commissions outbid. All this will affect the future payback of the project. That's why cloud mining was chosen - everything is already included in the price.

•  - The miners need to take care! Not only that miners consume electricity - in addition, they still produce a lot of heat and rustle like an average vacuum cleaner. And even having solved this problem, you have to be prepared for the fact that improper conditions and irregular maintenance of miners can lead to a speedy car breakdown, which means simple technology for you as an entrepreneur.

We make money by providing a website - service and turnkey services. No hidden fees or commissions.

All our earnings are included in the cost of miners and electricity.

Electricity fees include all costs associated with mining, including:

- the cost of electricity itself

- cooling

- maintenance work

- hosting services.

Electricity fees are included in your monthly payments, which are automatically deducted from your inked funds.

What about miracles - it happens every day, we are 100% sure it is!

How often will I receive information about earned money?

Payments for mining occur on a daily basis, but you will receive your payments only after they have been accumulated to a certain amount and after deducting the cost of electricity.

Minimum payments for mining are set in order to avoid paying customers excessive fees for receiving small amounts in their wallets, as well as to maintain a stable of service.

That is what it means!

The cloud mining market is overflowing with an offer to buy TERAHESH, instead of buying real equipment. This happens most often in order to lower the threshold of entry into the business for the client, and at the same time can be a good opportunity to conduct a "gray" business. A large number of cloud mining companies did not live to this day, not because the market fell, but because they were playing a dishonest game. An even greater number of such organizations dissolve into oblivion altogether, having abandoned all their users and left them forever without profit or money contributed.

IT'S NOT ABOUT BYT-MINER!

In order to show the maximum transparency of our activities, we have introduced such an opportunity. In fact, users simply take the purchase of one miner together as well as the payment of related expenses. Please note that if there is a partial purchase of mining capacities, we cannot send you your ASIC due to the inseparability of the final product!

We earn money by providing a website-service. No hidden fees. All our earnings are included in the cost of miners and electricity.

The electricity fee includes all the costs associated with mining, including:

• Cost of electricity itself
• Cooling maintenance
• Work hosting services.

The electricity fee is included in your monthly payments, which are deducted automatically from the mined funds.