Bitcoin India™ Mining Pool
Bitcoin India™ exchange is the one and only Indian exchange who owns and operates Global “Mining Pool” (https://pool.bitcoin-india.org/ )
How Mining Pack refund policy works for/in special case users when then the hash rate decreased by the company Bitcoin India?
If your mining pack status is active then you will received the refund as follow.
The refund will be "total Difference in Value"= Mining Pack Purchase Cost - Total Mining Payouts Received till the refund processing date.
What is "Cloud Mining"?
Cloud mining enables users to purchase hashing power from hardware in our data centers, without managing hardware, software, electricity or other issues to mine bitcoins.
How to start mining at home?
If you want to try mining yourself, you need to prepare with the following:
1. An ASIC miner: you can only mine bitcoins with enough hashing power using professional mining hardware;
2. Accessories: you need devices for power, internet connection, ventilation, cooling etc;
3. Mining software: you need to download special software to run your miner;
4. Mining pool: you need to join a mining pool in which, the profit from each block is allocated among pool members based on the hashrate they contribute.
What is ASIC Mining?
ASIC miners specifically designed for Bitcoin mining were first released in 2013. For the amount of power they consume, they are vastly faster than all previous technologies.
What is GPU Mining?
GPU Mining is drastically faster and more efficient than CPU mining. Yet they are still behind the exponentially increasing mining difficulty.
What is CPU Mining?
Early Bitcoin client versions allowed users to use their CPUs to mine. They went outdated by surging hashrate of the network.
What is Bitcoin "Mining"?
The Bitcoin network is a gigantic peer-to-peer ledger of past transactions, all of which need to be verified and confirmed.
Am I Eligible to get full refund on PickAxe Mining Pack?
Get a full refund within 30 days (please check below provided scenario's from 1 to 4 to see you fall under which scenario), however, you are able to get a refund minus the proportionate cost of anything you have used or withdrawn away from your wallet.