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BeMine starter guide
Whether you're a novice or an experienced user of BeMine, in starter guide you will familiarize yourself with the platform, starting from registration to withdrawing income.
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It couldn't be simpler!
All you have to do is pay for the equipment and electricity. Our service administration and partners handle all other aspects of the process. Our partners are among the most prominent mining organizations in the Russian Federation, and the suppliers we collaborate with have been leaders in the industry for years.
Once we receive your payment, your equipment will be accessible in your account. You'll then be responsible for installation and paying for electricity. Once set up, you'll continuously mine cryptocurrency, and the earnings will be displayed in your account. You can withdraw funds from your account to a bank card or bitcoin wallet.
All you have to do is pay for the equipment and electricity. Our service administration and partners handle all other aspects of the process. Our partners are among the most prominent mining organizations in the Russian Federation, and the suppliers we collaborate with have been leaders in the industry for years.
Once we receive your payment, your equipment will be accessible in your account. You'll then be responsible for installation and paying for electricity. Once set up, you'll continuously mine cryptocurrency, and the earnings will be displayed in your account. You can withdraw funds from your account to a bank card or bitcoin wallet.
The phrase "why mine in 2016, 2018, 2020, 2022, and now in 2024?" has become well-known in the community. The cryptocurrency industry is characterized by active market movements, requiring constant vigilance and understanding, particularly for inexperienced participants. It's crucial to remember that all investments, especially in such a volatile market, need continuous oversight.
BeMine has been in development since 2017. Anticipating a significant correction in Bitcoin and major cryptocurrencies, we decided to wait out the downturn. In the second half of 2017, the price of one ASIC miner reached $5,200. It quickly became evident that at these prices, mining would soon become less viable. We waited and worked for an entire year until the cryptocurrency market finally stabilized.
Today, cryptocurrency mining remains a highly profitable and relatively stable venture. This is why we are re-entering the market with renewed vigor and fresh ideas. Our response to the question is simple: mining is always profitable.
BeMine has been in development since 2017. Anticipating a significant correction in Bitcoin and major cryptocurrencies, we decided to wait out the downturn. In the second half of 2017, the price of one ASIC miner reached $5,200. It quickly became evident that at these prices, mining would soon become less viable. We waited and worked for an entire year until the cryptocurrency market finally stabilized.
Today, cryptocurrency mining remains a highly profitable and relatively stable venture. This is why we are re-entering the market with renewed vigor and fresh ideas. Our response to the question is simple: mining is always profitable.
Pre-order is a unique opportunity to purchase the desired equipment at a reduced cost, significantly below market price under unique conditions.
This is an incredible opportunity for those who want to save money, while still getting completely new equipment a few months after payment. After making a payment, the equipment order immediately goes into processing. Your equipment is reserved for you in line for arrival and installation in a specific data center. In addition, you also get a warranty on pre-ordered equipment for a period of 6 months from the supplier, which is an additional advantage of pre-ordering.
Pre-ordering is a unique offer that allows you to worry about modern equipment in advance and allows you to start mining Cryptocurrency much earlier than the pre- order miner appears on the retail market. Typically, after the arrival of pre-orders, equipment appears in our retail within 23 months after the arrival of pre-orders, which statistically allows you to significantly accelerate the recoupment of funds.
This is an incredible opportunity for those who want to save money, while still getting completely new equipment a few months after payment. After making a payment, the equipment order immediately goes into processing. Your equipment is reserved for you in line for arrival and installation in a specific data center. In addition, you also get a warranty on pre-ordered equipment for a period of 6 months from the supplier, which is an additional advantage of pre-ordering.
Pre-ordering is a unique offer that allows you to worry about modern equipment in advance and allows you to start mining Cryptocurrency much earlier than the pre- order miner appears on the retail market. Typically, after the arrival of pre-orders, equipment appears in our retail within 23 months after the arrival of pre-orders, which statistically allows you to significantly accelerate the recoupment of funds.
The main fee for using BeMine services pays for the electricity consumed by your ASIC miners. The cost of electricity at the moment is $0.045 per kW/h. BeMine also charges commissions for the withdrawals of your funds designed to cover the costs of the bitcoin network and the service's expenses.
At BeMine, the minimum withdrawal amount is set to ensure a smooth and efficient transaction process for all our users. Currently, the minimum withdrawal amount is 0.005 BTC. Hereʼs why we have implemented this policy:
- Transaction Costs: Every transaction incurs certain costs, including network fees and processing fees. By setting a minimum withdrawal amount, we can ensure that these costs are proportionately smaller compared to the withdrawal amount, making it more cost-effective for both our users and the platform.
- Security and Fraud Prevention: Higher minimum withdrawal amounts help in reducing the risk of fraudulent activities. It acts as a deterrent for potential malicious actors who may attempt to exploit the system with numerous small withdrawals. This helps in maintaining a secure environment for all our users.
- Operational Efficiency: Processing numerous small withdrawals can be operationally burdensome. By having a minimum withdrawal threshold, we can streamline our operations and focus on providing better services and support to our users.
- User Benefit: Larger withdrawal amounts mean fewer transactions over time, which can be more convenient for users. This reduces the frequency of transaction fees impacting your earnings, allowing you to retain more of your mined cryptocurrency.
The trial period is a fantastic opportunity for users to learn more about our service. Within this program, you will be able to familiarize yourself with the functionality of the personal account and assess its advantages, obtain temporary ownership of the advanced BITMAIN Antminer S19xp 140T, and even "mine" your first cryptocurrency! With this, based on your preferences, we will be happy to help you choose your first miner and reinvest the results of the trial period into your first purchase. All mined BTC remains in your account! This is a great opportunity to get the most out of the trial period and enhance your experience with our service, especially if you have just discovered BeMine!
It is important to note that at BeMine, we do not charge any fees for balance top- ups. This means that the exact amount you send is credited to your account, minus the fee previously set by the BTC network. This policy ensures maximum transparency and fairness for our customers. Similarly, BeMine does not take any percentage from your withdrawals. This means that all the money you earn is entirely yours down to the last Satoshi. However, please be aware that withdrawal fees are determined by the blockchain network when processing transactions.
The withdrawal fee depends on the amount requested:
The withdrawal fee depends on the amount requested:
- For withdrawal requests over 0.05 BTC, the fee is 3%.
- For withdrawal requests from 0.01 to 0.05 BTC, the fee is 5%.
- For withdrawal requests from 0.005 to 0.01 BTC, the fee is 7%.
- For withdrawal requests less than 0.005 BTC, the fee is 10%.
While buying your own mining equipment and mining at home may seem appealing, there are several factors to consider:
- High Initial Costs: Mining equipment can be expensive, and the initial investment might be substantial. Besides the cost of the equipment itself, you'll also need to factor in expenses for setup, maintenance, and potential repairs.
- Electricity Costs: Mining consumes a significant amount of electricity. Depending on where you live, the cost of electricity can make home mining financially unfeasible.
- Heat and Noise: Mining rigs generate a lot of heat and noise, which can be disruptive in a home environment. Proper ventilation and cooling systems are necessary to prevent overheating.
- Technical Expertise: Effective mining requires technical know-how to set up and maintain the equipment. Troubleshooting issues can be time-consuming and challenging for those without a technical background.
- Efficiency and Scale: Professional mining farms benefit from economies of scale and are more efficient in terms of electricity use and hardware management. They often have access to cheaper electricity rates and better mining conditions.
- Network Issues: Home mining setups may face network latency and connectivity issues, which can affect mining efficiency and profitability.
We currently accept payments in cryptocurrencies, including BTC, BCH, ETH, DOGE and USDT.
If you prefer to use fiat currency, we recommend using the exchange service Coingate. Hereʼs a brief guide on how to top up your BeMine account using Coingate to purchase cryptocurrency:
By using cryptocurrencies, you can avoid additional tax charges and the KYC procedure required for VISA and Mastercard payments. If you have any questions or need further assistance, feel free to contact our support team.
If you prefer to use fiat currency, we recommend using the exchange service Coingate. Hereʼs a brief guide on how to top up your BeMine account using Coingate to purchase cryptocurrency:
- Visit Coingate Go to the Coingate website and sign up for an account.
- Buy Cryptocurrency Select the fiat currency you wish to use and purchase.
- Transfer to BeMine Once your purchase is complete, transfer the cryptocurrency to your BeMine wallet address.
By using cryptocurrencies, you can avoid additional tax charges and the KYC procedure required for VISA and Mastercard payments. If you have any questions or need further assistance, feel free to contact our support team.
BeMine generates revenue by providing comprehensive ASIC miner maintenance services on its mining farms. Here are the key sources of income:
- Monitoring and Management Services
- Cooling Provision
- Power Supply Management
- Software Updates
- Preventive Maintenance and Repair
- Security Measures
- Physical security: Ensuring farm security to prevent theft and vandalism.
- Cybersecurity: Protection of network infrastructure and devices from cyberattacks and malware.
- Daily/weekly inspections: Regular visual and functional checks of ASICs for timely issue detection.
- Planned preventive maintenance: Conducting scheduled technical measures to maintain farm stability.
Our users receive payouts for their mining activity every day. These payouts occur at a specific time once a day, and they already take into account all electricity costs. This means that you can be sure that your money will be returned to you in a timely manner, and you will always be aware of your current balance and earnings stream. To monitor this information, a specialized section of our website called "My Farm" is available. There you can track all your payouts, as well as get detailed information about your mining activity.
Buying miners 'in parts' on BeMine is an innovative approach to acquiring cryptocurrency mining equipment. Unlike the traditional model of purchasing, where you need to pay the full price of the miner upfront, our service allows users to buy miners in parts.
How does it work? Instead of paying the full amount for the miner at once, you can purchase it in installments, paying small amounts as they become available. This makes the purchasing process more accessible and flexible for all participants.
The benefits of buying miners 'in parts' include:
How does it work? Instead of paying the full amount for the miner at once, you can purchase it in installments, paying small amounts as they become available. This makes the purchasing process more accessible and flexible for all participants.
The benefits of buying miners 'in parts' include:
- Flexibility of payment: You can start investing in miners even with a small amount of money and increase your investments as your available funds grow.
- Risk distribution: Spreading the cost of the miner over multiple payments helps reduce the risk of losing funds and makes investments safer.
- Increased profitability: Gradually acquiring miners allows you to start mining earlier and begin earning income, even if you're unable to pay for the miner in full upfront.
The pricing for mining equipment in our company is based on the cost of terahashes per kilowatt of electricity, which in turn, correlates with the current Bitcoin BTC rate. Due to the volatility of the BTC rate, the cost of terahash can fluctuate: when the BTC rate increases, the cost of terahash also increases. In each user's personal account, the price of equipment is automatically updated and displayed in accordance with the current BTC rate, making it dynamic and dependent on market conditions. At the same time, the official company website indicates a fixed cost of equipment, which does not change in real time and may differ from the price in the personal account due to the lack of connection with the current fluctuations of the BTC rate due to technical impossibility of implementation at the moment. This allows potential clients to evaluate the cost of equipment without being tied to short-term market changes in cryptocurrencies.
For security reasons of our customer's capacities, we do not declare the location of data centers. However, in case of objective claims related to user capacities, we issue addresses and all data of the hosting organization of mining equipment for sending the above claims.
BeMine generates revenue by providing comprehensive ASIC miner maintenance services on its mining farms. Here are the key sources of income:
- Monitoring and Management Services
- Cooling Provision
- Power Supply Management
- Software Updates
- Preventive Maintenance and Repair
- Security Measures:
- Physical security: Ensuring farm security to prevent theft and vandalism.
- Cybersecurity: Protection of network infrastructure and devices from cyberattacks and malware.
- Daily/weekly inspections: Regular visual and functional checks of ASICs for timely issue detection.
- Planned preventive maintenance: Conducting scheduled technical measures to maintain farm stability.
Russia is an immense country! This can be said about the area and our rich lands. The energy industry in Russia is well developed, and every year the amount of generated energy only grows. Primarily due to hydroelectric power plants, about 1,300 billion kW / h is generated per year. However, the demand for electricity in the Russian Federation is small - the market is saturated with supply - so Russia became a country ready for large-scale mining and acquired a stress tolerance reserve in case of fluctuations in cryptocurrency rates.
In addition to cheap electricity, Russia can boast a convenient geographic location relative to the country of the miner's producer, China. As a result, warm relations between our countries have become the main reason for reasonable prices for logistics services.
In addition to cheap electricity, Russia can boast a convenient geographic location relative to the country of the miner's producer, China. As a result, warm relations between our countries have become the main reason for reasonable prices for logistics services.
Choosing an ASIC miner depends on several key factors, including:
Pay attention to each of these factors when choosing an ASIC miner to find the optimal solution for your needs.
- Mining Algorithm: Different cryptocurrencies use different mining algorithms (e.g., SHA256 for Bitcoin, Ethash for Ethereum). Make sure the ASIC miner you choose supports the mining algorithm you want to use.
- Hash Rate: This is the number of hashes the miner can compute per second. The higher the hash rate, the more likely you are to receive a mining reward. However, a high hash rate can also consume more energy.
- Energy Efficiency: This is the ratio between the energy consumed and the hash rate. The higher the energy efficiency, the less energy is required to generate one hash, which can reduce operational costs.
- Cost and Availability: The price and availability of ASIC miners can vary significantly. Make sure the miner you choose fits your budget and is available for purchase.
Pay attention to each of these factors when choosing an ASIC miner to find the optimal solution for your needs.
When purchasing new equipment, we provide a 6-month warranty. In case of technical malfunctions during this period, you do not lose income from cryptocurrency mining, as all costs associated with maintenance or repair are fully borne by our service center. However, if the breakdown occurs after the warranty period has expired, the repair costs will be imposed on the user, as the equipment wears out and requires constant maintenance, which does not allow us to provide a warranty for longer periods. We always strive to ensure the reliability and durability of our equipment, offering quality service and support.
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Technical support staff will respond to your questions and assist you in the referral program. Available every day via chat, email, and messengers.
Average response time - 24 hours
ART. Research&Development Ltd./ Company №227778/ Suite 1, Second Floor, Sound & Vision House, Francis Rachel Str., Victoria, Mahe, Seychelles. By using the BeMine service you agree to the Terms of Use and Privacy Policy. The information on this site is not a commercial offer and should not be construed as a commercial offer to purchase securities, commodities or other financial products. Also, the information on this site is not investment advice. We do not guarantee that any goals, assumptions, expectations and / or tasks indicated or implied on this site will be fully or partially realized, and that any actions or any activities will be performed exactly as described on this site and on other domain names associated with this site. BeMine encourages a responsible approach to calculating the profitability of ASIC miners and make independent, deliberate decisions. You must be aware of all the risks and responsibilities associated with the process of mining cryptocurrencies. BeMine does not encourage anyone to participate in the mining of cryptocurrencies / tokens and other technological solutions. BeMine do not sell any services to US citizens or US companies. US citizens are restricted as far as Russian citizens and companies.
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BeMine © 2018—2024
BeMine © 2018—2024