Frequently Asked Questions (FAQ)
Q: What is the Warranty for each Crypto Mining Rig purchased?
Answer: The warranty is 3 years from the date of delivery and installation at your house. Each buyer will be given a receipt as proof of purchase.
Q: What if my Mining Rig has an issue after purchasing?
Answer: Just give us a call and we’ll provide RMA, full repair or exchange during the warranty period. Waiting time is between 5 days – 2 weeks, depending on the stock that we have on hand. We also connect to your rig via Teamviewer (you provide us the temporary password) so we can login and virtually access your rig to resolve any issues.
Q: What is the amount of Ethereum (ETH) mined per day/month?
Answer: As the cryptocurrency price fluctuates, you can use the Currency Calculator on CryptoCompare to see the daily earnings. Based on current Ethereum price, expect a 7-9% ROI per month. When the value of Ethereum rises, so will your profits as your asset increases in value.
Q: Which Mining Pool do you connect to?
Answer: We connect to Nanopool.
Q: Which Mining Software do you use?
Answer: Claymore’s Dual Ethereum AMD+NVIDIA GPU Miner v9.6 (Windows/Linux)
Q: How much electricity power costs for Mining?
3 GPU GTX 1060 rig = SG$30/month
3 GPU GTX 1070 rig = SG$40/month
6 GPU GTX 1060 rig = SG$60/month
6 GPU GTX 1070 rig = SG$80/month
Q: How long does it take to set up the rig, and what do i need to do upon purchase?
Answer: We recommend signing up for a Coinhako account first (get verified, takes 24 hours). This allows you to store the Ethereum to your online wallet, and also exchange the Ethereum to cash – which is transferred to your local bank account within minutes.
Also register a Teamviewer account so you can access your mining rig from any laptop/phone app.
Register for Nanopool too.
Registering and setting up all the 3 accounts shouldn’t take more than 15 minutes.
Q: Do I need an aircon for the Mining Rig?
Answer: No, a well ventilated room or small fan blowing at the rig is enough. We tweak the rigs to only use 70% of the power so its cooler (but still mining at 100% efficiency).
Q: What if there’s a virus?
Answer: The chance of a virus is extremely rare, as the mining rig is brand new and you will not be using it to surf the web or download files like a normal PC.
Q: Do I need to connect a Monitor to the mining rig?
Answer: No need, any laptop or mobile phone will suffice as there are Apps to monitor your mining performance.
Q: Do I need to connect the mining rig using WiFi?
Answer: An Ethernet cable is fine. If you want to connect via WiFi, then a USB WiFi adapter is needed (not included in purchase price).
Q: I heard that Ethereum is moving to Proof of Stake (PoS)?
Answer: Many people contact us asking about Proof of Work (PoW) vs Proof of Stake (PoS).
Firstly, mining Ethereum will still be profitable for at least 1 more year. PoS will be a gradual roll out.
Secondly, when PoS happens, the Ethereum that you have (from mining) will be WORTH MORE MONEY!
Once Ethereum switches to Proof of Stake, there will be an unlimited number of masternodes; only the amount of Ether per validator is limited. The result is that Ethereum master nodes be more fairly distributed and will lock up a greater quantity of coins thus INCREASING THE PRICE OF ETHEREUM to a greater extent.
By that time, the Ethereum that you have mined will already fully pay off for your Mining Rig. We also can mine 50 other Alt coins apart from Ethereum. Read our article for more detail about Ethereum going to PoS and what it means to you.
Q: If mining is so lucrative, won’t that mean that if I purchase 10 mining rigs I can “shake leg” at home while earning a comfortable passive income monthly?
Answer: Yes you are absolutely right! Provided you can afford the initial costs for all the rigs and have a room to spare to be converted to a mini mining farm. There are people out there who are currently doing this in both small and large scaled versions.
See Iceland’s largest mining farm by Genesis Mining
Q: I am interested to start my own mining farm. How do I go about this?
Answer: Contact us via WhatsApp 9488 8669, or e-mail us at email@example.com for large scale mining projects. Minimum rig sizes start at 30 rigs.
So what are you waiting for? There’s never a right time to start investing in Cryptocurrency. But the longer you wait, the more profits you miss out!
THE TIME TO INVEST IS NOW! Purchase your own Cryptocurrency Mining Rig today and start earning passive income as prices rise.
- Ethereum is easily traded for bitcoins (BTC), it’s a cheap way to slowly build up a holding position in Bitcoin. Many influential people are very bullish on Bitcoin’s prospects for 2017 and later.
- BTC can be easily sold for cash so, indirectly, mining ETH can be a good way to fill up your bank account or earn cash. ETH can also be sold directly on several major exchanges, such as Bitfinex, BTC-e, Kraken, Gemini and Coinbase.
Earnings will fluctuate based on daily Ethereum price. Displayed earnings of Ethereum are caa 17 June 2017.
Delivery and Software set up = SGD50.
Questions & Sales, contact Edmund 9488 8669.
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The information contained within this site is not intended as a substitute for professional investment advice. Cryptocurrency Mining Rigs Singapore does not guarantee the short term or long term profits or any return on investments from mining cryptocurrencies. Please read all packaging and labels carefully. The contents of this website are for informational purposes only.