FAQ

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What is IQMining?

IQMining is smart cloud mining service, deriving from mining efficiency and costs of a physical cryptocurrencies mining. We provide smart cloud mining service, developed and masterminded by various cryptocurrency enthusiansts and blockchain experts in order to provide affordable and most efficient mining service with frequent payouts for both small and large investors.

How do I get started with IQMining?

To get started, please Sign up and purchase hashrate contract. You don't need any special hardware or software or even to keep your own computer on to do cloud mining. Your contacts performance is deriving from mining efficiency and costs of a physical cryptocurrencies mining.

What is cryptocurrency?

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange and store of value using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

What is GH/s?

GH/s (gigahashes per second) - measurement unit of hashrate (computing power). Hashrate is the speed at which a computer is completing an operation in the cryptographic code. Which directly influences mining payout. The greater your hashrate, the more Bitcoin you'll be able to mine.

How do I earn money with cloud mining?

You are purchasing cloud mining contracts based on mining hardware efficiency and costs. You will be receiving returns on daily basis depending on hashrate amount of your contract.

How long do I need to wait for my payouts?

Your cloud mining payouts will be automatically credited on your IQMining balance every day at 00:00 GMT time. However sometimes due to system override there might be a delay of up to 24 hours.

Is there a minimum or maximum purchase amount?

Minimum purchase amounts differs for every contract, you may find it on our pricing page. If you are looking to invest more than 100,000$ please request to contact a manager at s[email protected] or in our live chat.

What is the difference between contract levels?

Depending on amount of your purchase your contract will be labeled with contract level, the larger is your purchase the lower is the average price per GH/s. Diamond level purchases will grant you lifetime Diamond Club membership and all of its benefits. For more information about Diamond Club please click here.

Is there any minimum withdrawal amount?

Minimum withdrawal amount should be no less than equivalent of 10 USD.

What influences my cloud mining payouts?

Your mining payouts depends on ampovariety of factors, key network factors are - the market price of Bitcoin, mining difficulty, and total network hashrate.

What is maintenance fee?

Maintenance fee is a commission for managing all the mining hardware, including electricity costs and administrative expenditures. You can find commissions table in Pricing section.

How can I withdraw my mining returns?

You create a withdrawal request in "Funds" section and within 24 hours your withdrawal will be processed and funds will be sent to the wallet of your choice.

Why reinvesting your mining profit is a smart way?

You will be receiving daily returns, and you may use your mining returns to automatically reinvest in into power to keep constantly increasing your mining hashrate, therefore increasing your returns as well. This is how you can maximize your returns without buying additional contracts.

How does contract pledging works?

Pledge one or several mining contracts in the corresponding section of your personal room and receive up to 100% of the purchase amount of the contract on your trading account.