In essence, Chainmine is a platform that enables you to profit from bitcoin cloud mining. Chainmine, a freshly launched platform, gives investors the opportunity to profit when they purchase cryptocurrencies or mine using one of their pre-made mining pools.
I'll suggest reading this review if you're considering joining Chainmine for whatever reason in order to at least inform your decision.
The information in this review is meant to be a light to guide you; it is not intended to recommend where you should invest your money. You have the ultimate discretion over this decision.
Having said that, I also want to make it clear that this website is not affiliated with Chainmine.io in any way. We did not accept anything for writing this review and do not plan to do so in the future. As a result, you can count on an objective evaluation devoid of any type of incentive.
Bitcoin cloud mining: What is it? Cloud mining for bitcoins refers to the method of mining bitcoins utilizing a distant data center and a shared computing device. Its customers may mine bitcoins as a result of this without having to buy or maintain the necessary gear.
Chainmine, to put it simply, rewards investments made in cloud mining & purchasing already-mined currencies. Exactly that.
So how does Chainmine work?
Registering on Chainmine.io is the initial step toward using the Chainmine platform. Upon doing so, you will immediately get 1000GH/s = 1TH/s for nothing.
Once you sign up and get your first miner credit, you may immediately start mining with it. Your Bitcoin will be created by real miners for a full 24 hours without interruptions.
You may keep the bitcoins you've mined in your wallet or purchase additional hardware power to mine more. You can do a lot more with the money you get through Hardware Power, but for the time being simply stay with that.
Step-by-step guide on how to register on Chainmine.io
- Go to Chainmine Website
- Tap Sign Up
- Enter your personal details as requested
- Choose a username and a password
- Click Sign Up
- A verification mail is sent to your email
- Once you verify the email, you are good to go!
How to get & use your Hardware Power on Chainmine?
Hardware Power is equivalent to Chainmine.io's money. It seems that Chainmine provides the necessary mining equipment as a service.
The Bitcoins are mined by your miners, who then provide them to you. Your hash power or hardware power serves as the cash you provide them in exchange for their services.
The first 1000 GH/s (1 TH/s) of Hardware Power, also known as Hash Power, is given to you for free when you register. The next step is to find methods to increase your hardware/hash power.
You may mine fresh bitcoin using the free hardware power, then trade the money you've just created for more hardware or hash power.
Mine Bitcoin and then trade the extra cash for hash power. Rinse. Repeat.
Additionally, as you encourage additional people to utilize Chainmine, you may increase your hardware power or hash rate.
How to calculate ROI on the Bitcoin (BTC) income
This is only a guess. The figures vary depending on the time of day, the number of available miners, the pace of mining, your hash power, and other variables.
How does one exit Chainmine? Going directly to your Bitcoin on the Chainmine platform will allow you to fund another wallet.
- Per hour: 0.31% 0.00000122 BTC
- Per day: 7.41% 0.00002988 BTC
- Per week: 51.84% 0.000209 BTC
- Per month: 222.22% 0.00089667 BTC
Is Chainmine.io Real/legit?
Billy Nelson launched Chainmine.io last year (2021), therefore it is clearly impossible to determine if it is a fraud or not. For now, all we know is that it seems reliable and allows for personal Bitcoin mining.
When considering its dynamics, however, considerable care is suggested since it is not a typical investment that can be verified.
Do you have investment or income insurance? No, there is just another justification for approaching this investing concept very cautiously.
Is Chainmine.io a Scam?
We cannot definitively determine if Chainmine is a genuine business or a fraud, as we have said. Keep in mind that it is still rather new and only somewhat reliable at the moment. For further information, you may read the comments section's real-time reviews as they are posted.
Since Chainmine is still a very new platform and your investments and returns are not risk-insured, it would be misleading to consider it a scam at this time. I would suggest they should not be trusted.
Chainmine.io Affiliate Program
Chainmine's associate program encourages registered users to refer new users to the platform in exchange for rewards in order to increase the number of users.
By recommending friends to the network, Chainmine's users may earn additional money. If you suggest someone, you'll instantly get a 7% commission on their hash power as soon as they register.
You will also get 2% and 1% of the hash power for the second and third-level referrals, respectively.
Here is how the Chainmine Affiliate program works:
You will immediately get a 7% charge on someone's hash power once you reach the highest level of the program (Level 1) and they register. You may simply see it in your Hash Power wallet; you don't even need to ask for it.
There are 3 levels to the referral system
Level 1 – 7%
Level 2 – 2%
Level 3 – 1%
In this essay, we have provided a frank evaluation of Chainmine. We advise you to examine the platform's dynamics and make your selections alone for yourself.
This article contains information, but it is only information. We strongly advise you to get professional counsel from a qualified expert and not to use this to make financial choices.