1. How should buyers choose between products of different durations?
Short-term products are flexible and ideal for beginners. Long-term products offer a better price per unit of mining power and are more suitable for buyers who are bullish on BTC over the long term.
2. Where are BTC mining rewards paid, and when do they arrive? Can I change mining pools?
Rewards are settled daily to the buyer’s BIT.com account. Currently, switching mining pools is not supported.
3. Will changes in BTC price or network difficulty affect earnings?
Yes. Fluctuations in BTC price and network difficulty directly affect earnings per unit of mining power. All estimated returns are for reference only.
4. What fees are included in cloud mining products?
Fees include hashrate fee and electricity fee. The platform currently does not charge any service fees.
5. Are mining power and electricity fees charged daily? Are they prepaid or deducted from earnings?
Hashrate fees must be paid in full at the time of purchase. Electricity fees can be paid upfront or on a daily basis. Deductions from earnings currently not supported.
6. Can cloud mining contracts be transferred or resold?
Currently, contracts cannot be transferred or traded on a secondary market. Buyers must hold the contract until it expires.
7. Are cloud mining earnings subject to tax?
Please comply with the tax laws in your country or region. BIT.com does not provide tax advice.
8. Can BIT.com cloud mining products be linked to an external wallet?
Currently, direct linkage to external mining pool wallets is not supported. All earnings are credited to the user's BIT.com account, from which withdrawals can be made.
9. Can users view real-time mining data? Where can it be accessed?
Yes. Users can view detailed information—including daily output, cumulative revenue, and order status—on the "Cloud Mining" page.