FAQHome - FAQ
+What is this website about?
Our goal is to allow all users to participate in the mining to come, regardless of your age, location, investment, whether the technology or have experience. We would like to offer our clients an opportunity to try to encrypt the currency mining to get Bitcoin. More broadly, as an economic system, we hope to contribute to the development of mining machinery services and subsequently develop, establish and adopt bit currency exchange rates.
+WHAT IS BITCOIN?
Bitcoin is a new currency, which means it is a new type of money. Unlike the money that we use today that is controlled by our governments and a few powerful organizations, this money is a digital currency, that it is not printed by banks. This currency is accepted globally for the same value. This decentralization is the reason for the freedom and security with this currency. This type of money has never existed before and has no fees or middle men benefiting from the use of it. It is similar to using a free App to call friends and family anywhere in the world instead of paying expensive phone bills. For the first time, we the people control the money we use and never have to pay institutions to keep our money or use our money then charge us a bill. The best part is that it is safe.
+Where and how to buy Bitcoin?
You can purchase Bitcoin using your online wallet or debit card at digital trading platforms or cryptocurrency exchanges.
+WHAT IS CLOUD MINING AND HOW DOES IT WORK?
Cloud Mining gives instant access to a mining platform to anyone who wants to start mining immediately, whether its because you do not have the knowledge to do it by yourself or you just do not want to incur the huge start-up cost of purchasing and managing your own hardware system. Simply it is sharing the processing power our data centers to mine together with us as a group. By working together in a pool and sharing the payouts amongst participants, miners can get a steady flow of bitcoin starting the day they activate their miner.
+WHERE IS YOUR MINING CENTERS LOCATED?
For the security of our Investment and that of everyone that purchase miners from us, we do not publicize the exact location of our mining farms. Basically it would be like giving the exact address of where you could find millions of dollars of Gold bars, our locations are extremely secure but we could do without the stress of being constantly attacked by robbers. We have One mining center at SINGAPORE.
+IS THIS A PONZI SCHEME?
No, this is not; this is an investment in Crypto-currencies, similar to the stock market. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.
+IS MY INVESTMENT IS GUARANTEED?
Yes your invest is 100% save. You can withdraw your investment any time without any fees, IF YOU are not satisfied with our service.
+WHAT ARE THE PAYMENT METHODS?
Currently we accept only Bitcoin.
+I HAVE MADE PAYMENT BUT MINING POWERS ARE NOT ADDED TO MY ACCOUNT. WHAT TO DO?
If you have made payment you have to upload screenshot of payment proof. if you forget to upload payment slip please contact us and mention your wallet id and bitcoin amount.
+WHAT IS A DURATION OF MY MINING CONTRACT ?
Your Mining Contract with Megnet Mining will work for Lifetime. There No time limit or No expiry date of your mining contract. You own the Mining power when you purchase it.
+IS THERE ANY REFERRAL PROGRAM? HOW CAN I EARN REFERRAL BONUS?
Yes, We offer referral bonus of 5% on successful purchase of your referral. You can find your referral link from referral program section and share it to anyone to earn referral bonus.
+RESGISTRATION MEMBERS ON OUR WEBSITE
Registering on our site is free and you have to activate your account via the link received by email, All non-active members will be destroyed after 48 hours
+Did i need to pay for electricity and maintenance?
You do not need to pay electricity and maintenance fees, these charges and maintenance fees are paid by the Megnet Mining . All mining proceeds are used to share profits.
+Is this an absolute risk-free product?
Magnet Mining is NOT absolutely risk-free project. In the event of an exceedingly rise of difficulty, or the price drops abnormally, hardware may be shut down before clients can recover their investment. In this case, contract will be suspended till situation gets better (which may last for long time or even permanently).
However, we are using most efficient machine on the market to minimize the downtime and the probability of irrecoverable investment loss from above.