Faq
Frequently Asked Questions
Still have a few things you’d like to understand? Check out the following answers to questions frequently asked about Cloudminies, cryptocurrency miners and cryptocurrency mining in general.
You get paid continuously. For the automated Cloudminies, all revenues generated will be held in your Cloudminies wallet until you choose to withdraw the balance and move into your own Bitcoin or other coin wallet. Transactions are subject to minimum transfer amounts based on your chosen payment coin.
Loving the software and want to refer a friend, or just want to earn more? Awesome! We’ve made it super easy for you to earn by spreading the word about Cloudminies and using your automated generated referral link from your dashboard.
Cloudminies is simple enough for anyone to get started with, yet has features and benefits essential to Pro miners. It provides the highest profitability in the industry and it’s the only miner where you can actually earn the coin of your choice while mining the other more efficient coins, so you always get the most profitable solution. As an ethical business, we will also continue to commit a percentage of our revenues to charities and to the environment cementing our vision to providing the largest distributed compute platform for good.
That will depend on the spec of your machine, the time allocated, how much CPU and GPU resource is allocated to mining and the market value of your preferred cryptocurrency. The longer its on the more you earn. Your Cloudminies application will display the estimated earnings in both BTC or other coins and fiat money of your choice. You will earn more the longer it is on and the more devices you have.
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Each country will have its own set of rules and regulations around taxing cryptocurrencies either in place or in the making. It is therefore advised that you check your countries or states rules around cryptocurrency taxation first.
This is the first in a series of improvements to the way we are handling payments behind the scenes. We are aware users have had issues with withdrawals in the past, resulting in pending withdrawals that never complete, and this prepares us to make the necessary changes to address it. While your balance may take longer to confirm now, please be assured these changes will improve the reliability and stability of our payment system going forward.
There are 100’s of different crypto wallets available now that allow you to safely store your crypto earnings either online (hot wallet), offline (cold wallet) or on completely separate hardware such as a Ledger Nano. We recommend limiting how much you keep within a hot wallet with most popular providers such as Coinbase or Mycelium allowing you to move your earnings into a cold wallet or ‘vault’ for increased security.