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FREQUENTLY ASKED QUESTIONS(FAQ)


1. WHAT IS BITCOIN?

Bitcoin is a digital means of payment. A money that allows payments to be made safely, cheaply, quickly and freely throughout the world

Bitcoin is characterized by being decentralized, that is, it is not backed by any government or central bank. It uses a working test system to prevent double spending (that the same bitcoin is used several times) Transactions do not need intermediaries and the protocol is open source, which makes it very difficult to falsify.

2. HOW DO I BUY BITCOINS?

There are many ways in which you can do this and they all depend on where you are. With the growing global market and the demand for Bitcoins, every day it is easier to find reliable sources to buy Bitcoins. The first thing you should do is setting up your Bitcoin Wallet.


Some of the most well-known pages are:

• LocalBitcoins.com - You can meet someone face to face or buy bitcoins online safely.
• Romit - A large network of ATMs around the world (also look for any local Bitcoin ATM).
• Coins.ph - This is a great option for the Philippines
• Bitpesa – An easy way to buy in Africa.
• Coinmama.com/es – Allows you to buy bitcoins with a credit card from anywhere in the world.
• buda.com– An easy way to buy bitcoins in Latin America, through bank deposit.
• Or any exchange located in your country ... Now there are hundreds of them, just look in your area.

3. WHERE CAN I STORE MY BITCOINS?

There are many different options available to you when it comes to setting up a wallet. This is like deciding which bank you want to use, most of the wallets offer the same services and are free to use, so you only need to choose one you like and with which you feel comfortable. There are also options to have wallets stored on your computer or even without an internet connection, in the form of paper wallets. Security is the most important thing to take into account when choosing a wallet and that's why we show you some wallets from some very popular companies.

You can use any bitcoin wallet of your choice

• Xapo - Robust security, a global solution that provides a vault
• Circle - The best way to use Credit or Debit cards to buy Bitcoin
• Coinbase - The largest and best wallet for bank transfers in the United States
• BitStamp - The best one for bank transfers in the European Union and customers from that same area
• Coins.ph - A very innovative wallet with an ATM network (Philippines) Make a local search for a good wallet, one that gives you liquidity to buy and sell easily. More information on wallets here - Bitcoin.org

4. I CAN ASK FOR THE RETURN OF MY CAPITAL?

Taking into account that the bonuses in the network structure are generated automatically we have a very strict policy regarding reimbursements. Exceptional cases are analyzed individually provided that the request is generated in the first 72 hours.

5. IS THE MINING CLOUD A PONZI SCHEME?

NO. The Ponzi or pyramid schemes are structures with high returns based only on the recruitment of new members, where there is no product that supports or makes the system sustainable in the long term.


The hash power acquisition that each partner performs in our company is directly linked to hardware purchase and improvement, which ensures that the performance obtained comes from a real and profitable activity such as mining, but not from the entry of new people.


6. WHO IS THE OWNER OF THEMININGCLOUD?

The Mining Cloud was created by a group of computer developers and architects in order to have a simple and accessible mining system for anyone anywhere in the world. The company was initially created by Australian and Asian investors, but the real owners are each one of the partners that trust and acquire hash power in www.theminigcloud.com.


7. WHERE IS THEMININGCLOUD LOCATED?

Our main mining farm is located in Finland, however, we have farms that operate in other parts of Europe. Our mission as a company is to expand mining and innovate in new projects related to cryptocurrencies so that anyone in the world can benefit from this great opportunity


Being a decentralized system, we operate from any part of the world, taking into account that our programmers can perform their work remotely making the most of the benefits offered by new technologies and optimizing the resources that allow us to offer greater benefits to our partners.


8. THE COSTS AND DIFFICULTY IN MINING INFLUENCE MY PROFITS?

We pay a daily rate according to the current maintenance costs and the difficulty of mining presented by the different cryptocurrencies. It is to bear in mind that the implementation of new technologies can directly influence your profits.


9. WHAT IS A MINING BONUS?

They are the commissions that the company grants daily to each one of its partners. Bonus that today equals 1% (includes the return of capital and daily profits) of the capital invested and used for the purchase, maintenance and improvement of mining equipment.


10. WHAT ARE THE REQUIREMENTS FOR RECEIVING DAILY MINING BONUSES?

a. Acquire a mining contract in the store.


b. Have paid the total of one or more mining contracts in theminingcloud.com equivalent to 100, 250, 500, 1000, 2000 and 5000 USD what give you mining profits and the possibility of generating recurring income for a period of 200 calendar days


11. WHAT IS ENERGY AND MAINTENANCE COST?

It is the value that is deducted from the daily gain for the concept of energy consumption, maintenance of the machines and our data center. The costs for hardware maintenance and energy consumption may vary according to different factors, which is why we reserve the right to modify them at any time without prior notice.


12. WHEN DOES MY CONTRACT START TO GENERATE DAILY MINING BONUS?

Our team will activate each new partner within 48 to 72 hours after acquiring a mining contract.


13. HOW ARE BINARY POINTS PAID?

Every 10 dollars invested in mining contracts generates one (1) point in the binary tree, and each point represents one (1) USD. Each member charges in USD the amount of points generated in their smallest team.

14. WHAT ARE THE CONDITIONS FOR RECEIVING BINARY BONDS?


1. Have active mining contracts.
2. Have two (2) balanced direct references (one on the left and one on the right).
3. The points that a partner can charge in the binary depend on the value of the main mining contract with which it is active
Example: If the partner is active with a contract of 100 USD, his maximum benefit for each binary balance is 10 USD, regardless of the value of the new contract.
4. The spill points only from the activation of the binary (one on the left and one on the right).
5. Each partner can choose the location (left or right) of their new affiliate in the binary tree.
6. The change of line or position in the binary tree is not allowed.
7. The purchase of new contracts in the same user, generates 50% of the points in binary.


15. WHAT IS THE MAXIMUM WEEKLY BINARY?

The maximum amount in dollars of the binary bonds that are charged weekly is proportional to the range reached by each partner.

Worker Miner: 500 USD
Junior Miner: 1,000 USD
Senior Miner: 2,500 USD
Master Miner: 6,000 USD
Professional Miner: 13,000 USD
Grand Miner: 30,000 USD

* The mining profits do not have any cap, they depend exclusively on the investment of the partner.

16. WHAT ARE THE BONDS BY RANK?

They are economic stimuli for the partners committed to the growth of TheminingCloud


     RANGES USD BINARY  BALANCED DIRECT MONTHLY
BONUS USD
MAXIMUM
WEEKLY
BINARY USD
Worker Miner N/A N/A N/A 500
Junior Miner 1.000 4 Direct Worker Miner 200 1.000
Senior Miner 2.500 2 Direct Junior Miner 600 2.500
Master Miner 8.000 2 Direct Senior Miner 2.000 6.000
Professional Miner 18.000 2 Direct Master Miner 4.000 13.000
Grand Miner 4.000 2 Direct Professional Miner 10.000 30.000


• Direct references must have active contracts..

• Bonuses are paid monthly according to the rating date

• All direct references must have an active mining contract.

• Bonuses are paid monthly according to the rating date.

• To maintain the current rank bonus, the contract must be equal to or greater than the one it had at the time of qualification.

• To keep the current bonus, you must charge a minimum of monthly binary bonuses (according to the rating date) as follows:


Junior Miner: 300 USD monthly
Senior Miner: 700 USD monthly
Master Miner: 2,000 USD monthly
Professional Miner: 5000 USD monthly
Grand Miner: 10,000 USD monthly

17. HOW TO QUALIFY RANGE BONDS?

• WORKER MINER: any active member who has acquired a mining contract in our store.
• JUNIOR MINER: any member that has won 1000 usd in binary bonuses and has 4 direct balanced WORKER MINER (2 on the left and 2 on the right).
• SENIOR MINER: Any member who has won USD 2500 in binary bonuses and has 2 direct balanced JUNIOR MINER (1 on the left and 1 on the right).
• MASTER MINER: any member that has won 8000 USD in binary bonuses and has 2 direct SENIOR MINER balanced (1 on the left and 1 on the right).
• PROFESSIONAL MINER: each member that has won 18000 USD in binary bonuses and has 2 direct MASTER MINER balanced (1 on the left and 1 on the right).
• GRAND MINER: each member that has won 40000 USD in binary bonuses and has 2 PROFESSIONAL MINER balanced (1 on the left and 1 on the right)..

18. WHAT IS THE BONUS IN EACH RANGE?

Worker Miner: Does not generate bonus by ranges

Junior Miner: 200 USD monthly
Senior Miner: 600 USD monthly
Master Miner: 2000 USD monthly
Professional Miner: 4000 USD monthly
Grand Miner: 10,000 USD monthly

19. CODE OF ETHICS

•If the Member does not comply with the General Terms and Conditions related to the access and / or use of our system, its registration will be definitively canceled, without the right to make claims.

•Payment requests. When the Member makes his request for payment, he must have total certainty and certainty that his Bitcoin wallet is correct, since "the transaction is anonymous" and, due to its nature, the Company can not guarantee security once it is finished.

•General rule. It is not allowed to attract people with suggestions or lies such as: "here you earn easy money", "you do not need to work, etc. You can not guarantee an exact percentage (%) of the daily return given that the profits of the company are based on the cryptocurrency mining, which can vary and the energy costs are increasing, which makes the process slower every day, without forgetting the fluctuation of the cryptocurrencies, which does not depend on us or has any interference.

•If our company detects a user misusing our brand, promulgating incorrect information or that threatens the financial health of the same, the account will be blocked.



20. WHAT IS THE MINIMUM AMOUNT OF PAYMENT?

The minimum withdrawal amount is 50 USD


21. WHAT IS THE MAXIMUM AMOUNT OF WITHDRAWAL?

The máximum withdrawal amount is 5000 USD


22. HOW MUCH IS FEE BY WITHDRAWAL?

The withdrawal fee is equivalent to three (3%) of the total amount to be withdrawn.


23. HOW MUCH DOES MY PAYMENT ARRIVE?

The member will see reflected in their Bitcoin wallet their maximum payment 48 hours after the request is generated.


24. HOW MUCH MUST I WAIT TO REQUEST A NEW PAYMENT?

You can request withdrawals at any time, as long as the previous one has been resolved.


25. WHEN CAN I BUY AGREEMENTS AGAIN?

The member can acquire new contracts in his own account at the time that suits him, giving the last date on the payment day 198, otherwise he will lose his position in the network.


26. WHATS IS AN ALTCOIN?

Altcoins are the alternative cryptocurrencies launched after the success of Bitcoin. Generally, they are projected as better Bitcoin substitutes. The success of Bitcoin as the first digital currency point to point paved the way for many to follow. Many altcoins are trying to point out any perceived limitations that Bitcoin has and reach new versions with competitive advantages. There is a great variety of altcoins.


You can consult at https://coinmarketcap.com

27. I RECEIVE A GUARANTEE FOR MY CAPITAL?

THEMININGCLOUD is the only company that provides real support to investment capital with its ALTCOINS FREE program. The use of cryptocurrencies increases every day making them a global trend, it is important that every day more users use the cryptocurrencies which will make mining bigger and the possibility of winning with it for more time. Therefore, the Altcoin that you receive can represent thousands of dollars in the near future.


28. HOW MANY ALTCOIN DELIVER ME?

Every new member receives a total of Altcoin units equivalent to the amount in USD of their contract acquired in our store, (5000 USD = 5000 Altcoin)


29. IS IT COMPULSORY CLAIM MY ALTCOINS?

NOT.


30. SECURITY

THEMININGCLOUD offers the security tools (Google authenticator, passwords) to make all our data and procedures safe, but it is the responsibility of the partner to implement them and we are not responsible for fraud resulting from the non-use of the same or security flaws of your emails.


Each member has the responsibility to update and verify that their wallet has not been replaced fraudulently.

31. SUPPORT

THEMININGCLOUD offers its affiliates the possibility of communicating with the company 24 hours a day, first check our questions and answers page, your answer may be there.


How it works?

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cloud-based GHS

We offer 100% of our resources to the benefit of our partners.

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GHS starts mining bitcoins

You can buy Hash power from 100 USD

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The more GHS generate

You will get a daily payment from Sunday to Sunday that is credited to your wallet as soon as you request it..

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Withdraw your Bitcoins

simply create a user and buy mining contracts