FREQUENTLY ASKED QUESTIONS ABOUT ownbtc
How to register your account on ownbtc
You need a bitcoin wallet to register and login and PIN You choose 4 random numbers
How many accounts are created by 1 person
We allow 1 person to have 2 accounts on ownbtc
What is ownbtc?
ownbtc is Cloud Mining platform, which is transforming global crypto mining industry by building Shared Managed Mining Farm. We at ownbtc aims to be the world's leader in cloud mining by utilising the most dynamic Mining Pools and focusing on the best paying cryptocurrencies.
What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency and arguably its most endearing allure is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
What is Mining?
The cryptocurrency mining involves two functions: releasing new coins into the system as a reward, and verifying and adding transactions to the Blockchain, a public ledger.
What is mining pool?
A Mining pool is the pooling of resources by miners, which is a group of miners working together to increase their chances of finding a block at the group level, compared to that at the individual level. Through such pools, miners combine their computational resources with those of the other members, which enhances their joint processing power, and helps to achieve the desired output faster.
What is Cloud Mining?
Cloud Mining is the process of Cryptocurrency mining utilizing a remote datacenter with shared processing power. This type of cloud mining enables users to mine cryptocurrencies without managing the hardware.
How cloud mining works?
In general, there are three forms of remote mining available at the moment:
Lease a mining machine that is hosted by the provider.
How to get Bitcoin with ownbtc?
You need to upgrade your plan to increase your profit every day
How to upgrade the plan package
Click upgrade plan then wallet will appear. You just transfer the corresponding BTC number.
How long is the upgrade contract?
- Upgrade package, contract is 180 days.
Make bitcoin from friends
With the referrals they need to upgrade plans, you will get the corresponding BTC number is 10%,20% and 30% depending on what plan you are using.
When can you withdraw bitcoin?
When your balance is 0.005 Bitcoin.
Virtually hosted mining
Create a (general purpose) virtual private server and install your own mining software.
Leased hashing power
Lease an amount of hashing power, without having a dedicated physical or virtual computer. (This is, by far, the most popular method of cloud mining.)