We use Application-specific integrated circuit chips (ASICs) hardware for Hash Power Factory which are solely created to solve Bitcoin blocks. They have only minimal requirements for other normal computer applications. Consequently, ASIC Hash Power Factory systems can solve Bitcoin blocks much quicker and use less electricity or power than older Bitcoinminer 365 hardware like CPUs, GPUs or FPGAs.
What is Hash Power Factory?
Hash Power Factory performs bitcoin mining using the cloud which is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new Bitcoin are released. Anyone with access to the internet and suitable hardware can participate in mining. With Bitcoin, miners use special software to solve math problems and are issued a certain number of Bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The participant who first solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards, which incentivize mining, are both the transaction fees associated with the transactions compiled in the block as well as newly released Bitcoin.
What is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed like dollars or euros, they’re produced by people and increasingly businesses running computers all around the world using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency. Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
What are the advantages of Bitcoin?
Payment freedom - It is possible to send and receive Bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
Choose your own fees - There is no fee to receive Bitcoins, and many wallets let you control how large a fee to pay when spending. Higher fees can encourage faster confirmation of your transactions. Fees are unrelated to the amount transferred, so it's possible to send 100,000 Bitcoins for the same fee it costs to send 1 Bitcoin.
Fewer risks for merchants - Bitcoin transactions are secure, irreversible, and do not contain customer's sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks, and there is no need for PCI compliance.
Security and control - Bitcoin users are in full control of their transactions; it is impossible for merchants to force unwanted or unnoticed charges as can happen with other payment methods.
Transparent and neutral - All information concerning the Bitcoin money supply itself is readily available on the block chain for anybody to verify and use in real-time. No individual or organization can control or manipulate the Bitcoin protocol because it is cryptographically secure.
Is Bitcoin Mining Profitable? Do you mine yourself?
In fact, we mine ourselves using the same equipment that we offer for our customers. And we believe that Bitcoin and Altcoins mining is highly profitable.
Do you have affiliate program?
Sure, we have. Each user has a unique referral link. You can invite anyone who wants to start using our services with that link. Any new user who registers with your referral link will be your referral lifetime.
What is the term of your contracts?
The term of cloud mining contracts is 2 years, the term of contracts for dedicated mining is unlimited.
How do I create a new account?
If you don't already have an account, click on Signup button in the top menu . You must use your valid e-mail address. Registration is absolutely free. To be able to enjoy all the benefits of the service, do not forget to fill out your profile after registration.
How Can I Buy Hash Power Plan?
Buying Hash Power is the first thing you have to do to get your account active and running. It is simple. Just click on "buy hash power" on your account dashboard, select the plan you wish to buy, make a deposit in btc and your plan will become active immediately.
How Long Does It Take To Answer Ticket Queries
We try our best to answer all ticket queries within 24 hours but not more than 48 hours.
What is the minimum withdrawal amount?
The minimum amount for withdrawal is currently 0.01 BTC but this may increase or decrease depending on our mining pools' profitability and BTC mining difficulty.
Registered office address: 58 Union Terrace London, United Kingdom. E15 6NY