Krypto Genie Head Office, USA
Here you can find our top frequently asked questions. Please let us know if you have any other queries regarding our mining platform via the support email (support@kryptogenie.technology) or through whatsapp chat.
The mining process takes minimum 24 hours for you to begin seeing results. The longer the mining process the more you stand to gain.
Escrow is used to provide security and trust in our transactions especially for newbies by using a neutral third party (the escrow agent) to hold your deposits until agreed-upon conditions are met by us.
For some, they’re looking for another source of income. For others, it’s about gaining greater financial freedom without governments or banks butting in. But whatever the reason, cryptocurrencies are a growing area of interest for people in all walks of life.
Miners can withdraw their mining coins once it gets to their wallets. We process withdrawals automatically so it will take the shortest time for you to get your funds.
Crypto mining is like a giant, competitive game of "guess the number" where miners around the world use powerful computers to try and guess a specific number, known as the "hash," that will satisfy a certain condition set by the Bitcoin protocol. In our cloud mining platform you don't have to worry about specifics, just choose your contract, and we handle everything for you.
If you’re wondering whether mining requires a ton of computational power, you’re right. We use extremely powerful computers, called ASICs, to make billions — or trillions — of guesses about which nonces could work. One computer can cost up to $10,000. ASICs also consume huge amounts of electricity. Technically, though, you could mine Bitcoin with, say, a MacBook Pro, but unfortunately you won’t get very far because there’s not enough computing power. Deposits are necessary to help us increase our computational power for mining.
Payouts for miners are made directly to your specified cryptocurrency wallet. You can set your preferred payout threshold and frequency in your dashboard.
Choose the contract size, purchase it, and the mining is automatically started from our end, and you start earning to your crypto wallet. The technicalities of blockchain, like its public ledger and Proof of Work (POW), might be daunting, and calculating your mining ROI might appear challenging, but that's why our remote miner stands out. Our unified crypto wallet view keeps track of your earnings, providing a consolidated glance at your assets.