When you purchase a share of a mining pool your Bitcoin is being used to purchase actual mining hardware for the pool. We use our purchasing power to get better deals and avoid paying retail. With the volatility of Bitcoin this is very important because the value can fluctuate by +-10% within the same 24 hour period. This makes an individual share a little hard to value because depending on when you purchased it could be 1 machine, 2 or even more.
For this reason you must contact us by opening a support ticket and requesting a quote on how much hashing power your shares are currently worth. This number depends on the age of your account and the total accumulated shares (including partial shares). Whatever the total is we make you a “buy-out” offer and provide a shipping quote to your location. This could end up being 1 miner, 5 miners, or even 20 depending on the models and your shares so each quote will be personalized to your account and current market conditions.
You are responsible for all shipping and transport fees and you cannot combine accounts to add up to a full share, each account will receive it’s own custom quote. If you would like to take possession of your mining equipment we can even help you set them up and start mining to our pool directly, or any other pool of your choice. Once your buy-out has been accepted we will unplug your machine(s) and start the shipping process. You will not be compensated during this time frame, once you agree to the buyout and the machine is unplugged you will no longer own your mining shares.
IMPORTANT: We don’t recommend you do this unless you have some experience running these machines or you plan to re-sell them quickly. Mining on your own is difficult and if you are not a technical person it can be very hard to make any profits, or even keep the machines hashing. Not all of the mining equipment will come in original boxes and they will be subject only to the original manufacturers warranty (if it still exists). You are fully responsible after taking possession of your equipment and must contact original manufacturer for any issues.
Taking possession of your miners will cancel your shares and you will forfeit all future mining share earnings in the pools you cash in. Your membership will remain active and you may still be eligible to earn other commissions or purchase additional shares in the future. Contact us for more details.