Question 1

What is Mining Grid?

Accepted Answer

Mining Grid is a blockchain and Bitcoin mining company based in the United Arab Emirates (UAE) that provides a range of services and solutions related to cryptocurrency mining.

Question 2

What is Bitcoin Mining?

Accepted Answer

Bitcoin mining is the process by which new bitcoins are created and added to the Bitcoin blockchain. It is also the mechanism through which transactions are verified and added to the public ledger known as the blockchain. Miners use powerful computers to solve complex mathematical problems, and when they successfully solve a problem, they are rewarded with newly minted bitcoins and transaction fees.

Question 3

How Do I Buy Spot License and Mining cards?

Accepted Answer

1. Download Mining Race App
2. Register and Create your own Wallet
3. Choose your desired Yearly Subscription 
4. Insert License Code: mlj2FUv9YcGPtd4PPBSar
5. Buy your License (Fiat or Crypto Payment)
6. Buy Stable Mining Cards (Fiat or Crypto Payment)

Question 4

What is a Stable Mining Card?

Accepted Answer

A Mining Card is an instrument by Mining Race that lets you earn BTC without investing in physical mining machines. These cards let you lease computing power.

Question 5

What is Stable Mining?

Accepted Answer

Stable Mining is the power rental of 100 THs for an average of 120 days, which remains active until the expected ROI in USD is achieved. The average mining time in Stable Mining is the number of days (or term duration) required to achieve the expected outcome. A Stable Mining card that has already achieved the expected outcome will expire even if it happens before the term duration. However, if the expected outcome is not achieved within the term duration, auto-extensions will be used to ensure the card continues working till it is achieved.

Question 6

Where do I receive my Miner Reward?

Accepted Answer

The rewards can be withdrawn to the integrated non-custodial wallet within the Mining Race app. Once in the wallet, they can also be transferred to any other BTC wallet.

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