Customer Support

In this section you can find the answer to your questions, get information about bitcoin and its mining.
If you didn’t find the answer to your question in this section, please contact Customer Support.
“Only a person who has questions can have real understanding”- by Hans-Georg Gadamer in tpl file
Hans-Georg Gadamer.

Frequently Asked Questions
About us
  • Why do we lease a data center in Sweden?
    • In February 2016, the General Director of the Bitcoin World - Remigius Mikalauskas had the opportunity to purchase in installments a date the center of the famous Swedish company. In this regard, 2 agreements were signed: lease-purchase agreement of data center along with existing equipment for a period of 2 years, and a sale agreement as well.
      At this moment, we are completely satisfied with the data center, its profitability, as well as working conditions. We intend to work here from now on.
  • Why we decided to sub rent the servers capacity?
      1. We aim to increase the competitiveness in the field of mining, thanks to the extension and the increase of Hashrate capacity, however it requires additional costs that are not covered in the mining itself.
      2. Renting is the best solution for the Bitcoin World due to the fact that the complexity of the bitcoin network has increased but the reward for the camputation of units was reduced from 25 to 12.5 BTC.
      3. The electricity and maintenance costs are included in the rental price.
      4. The interest to the differences of bitcoin costs. Due to the decrease of bitcoins volume, there was a tendency to an increase in its value. By the end of 2016, it is predicted a price rise of this electronic unit.
      5. To increase the mining efficiency we implement equipment with higher capacity. To realize this, the company needs more financial support, which is provided due to the renting program.
  • How would you estimate the development of the company and its prospects?
    • During Summer - Fall period, the development of Bitcoin World felt transitional moments. Many feared halving, some farms were hurriedly selling their equipment. However, We had a long-term view, knowing that Bitcoin is a win-win opportunity. Now our company has consistently and confidently striding forward. A profit upsurge is expected at the end of 2016. Our analysts forecast a rise of profits up to 32%, precisely during that period. Both due to the increase of rates, as well as to the increase of the volume of cryptocurrency mining. Now we are testing a new batch of equipment, and it shows very high rates.

  • Why renting a server in Bitcoin WORLD is profitable?
      1. According to our experts prognosis, our tenants receive a very great profit within 4-7 months.
      2. We offer tenants a good interest.
      3. The company shows strong performance and stable rates of currency mining for over a year now.
      4. Rented servers in Bitcoin World, as well as dividend payments are made in dollars, which reduces the risk of revenue loss to a minimum, based on bitcoin exchange rate.
      5. All types of risks, including economic, legal, currency, our company takes over.
      6. Guarantees the payment of interest for the entire period of the contract signed with the tenant.
      7. Excellent technical equipment: equipment with high capacity, including industrial, a ready-made data center, an environmental conditions for productive work.
      8. Selection of capacity and speed of the server: [[rent_min]] - [[rent_max]] GH/s for SHA256 algorithm, to 0,5 TH/s - for Scrypt-mining and other algorithms for the extraction of altcurrency.
    • The tenant receives the payment in dollars - this is a guarantee of stability of its income, and protects against any risks. Bitcoin World reserves the privilege to carry out any manipulation with the cryptocurrency, including the accumulation, trade, speculation on course rate and other interests. This is done in order to protect its costs of risks, as well as to increase profits.
      Thus, the two parties cooperate on favorable terms, minimizing the impact of any risks. And it is the best guarantee for the beneficial bilateral cooperation.
About Bitcoin
  • Data for calculations
    • Denomination of hash speed:
      1 kH/s is 1,000 (one thousand) hashes per second
      1 MH/s is 1,000,000 (one million) hashes per second.
      1 GH/s is 1,000,000,000 (one billion) hashes per second.
      1 TH/s is 1,000,000,000,000 (one trillion) hashes per second.
      1 PH/s is 1,000,000,000,000,000 (one quadrillion) hashes per second.
      1 EH/s is 1,000,000,000,000,000,000 (one quintillion) hashes per second.

      Conversion:
      1 MH/s = 1,000 kH/s
      1 GH/s = 1,000 MH/s = 1,000,000 kH/s
      1 TH/s = 1,000 GH/s = 1,000,000 MH/s = 1,000,000,000 kH/s

      About Satoshi and Bitcoins:
      1 Satoshi = 0.00000001 ฿
      10 Satoshi = 0.00000010 ฿
      100 Satoshi = 0.00000100 ฿ = 1 Bit/μBTC (you-bit)
      1,000 Satoshi = 0.00001000 ฿
      10,000 Satoshi = 0.00010000 ฿
      100,000 Satoshi = 0.00100000 ฿ = 1 mBTC (em-bit)
      1,000,000 Satoshi = 0.01000000 ฿ = 1 cBTC (bitcent)
      10,000,000 Satoshi = 0.10000000 ฿
      100,000,000 Satoshi = 1.00000000 ฿

  • Halving 2016 - is it serious? What consequences Miners might expect?
    • As it was expected, in July 2016, there was a double decrease of reward for the unit. That was the second reduction, experienced by miners and Bitcoins. The production complexity of the block is increased, as well as the value of the award. Bitcoin rate doubled in few months, from spring to summer. Currently the volatility is insignificant, so to say that mining is experiencing threat, as well as the system itself - it would be wrong, and all miners’ fears about the bankruptcy and disconnection of the equipment are no longer relevant.

  • Will Bitcoin grow?
    • Analysts predict a sharp rise of exchange rate up to 1 000 $ per 1 BTC and even higher. During the summer cryptocurrency rate increased significantly and is not going to stop according to analysts. Most likely we are waiting for a new record.

  • Does it make sense to try mining Bitcoin on your own?
    • Due to increased complexity and increased competition, producing cryptocurrency on your own is bad job. The monopolization of e-currency by large companies is a well-established fact, so the most effective solution is offered for the ordinary people – to rent facilities and sites, to invest in companies at interest or cloudy mining.

  • How to earn on Bitcoins and Altcoins?
    • There are 3 ways of earning on Bitcoins: mining, buying and selling, long-term storage.

      1. Mining - is Bitcoin production. Previously Mining could be done with a powerful processor by one person. At the moment it is profitable to create servers and farms for mining because only a very powerful equipment with strong graphics cards, which were later replaced by ASIC devices can produce Bitcoins. The production complexity is constantly growing and the number of coins is reducing proportionally.
        The use of graphics cards for Bitcoins, Litecoins or other Fork coins mining is not appropriate after the introduction of the scripting ASIC devices.
        Mining costs are - special powerful machinery, electricity and a permanent connection to the Internet
        . Equipment payback takes about 3-4 months depending on its quality and capacity.
        Due to Bitcoin halving in 2016 the payback period increased up to 6 months, without taking into account the growth of Bitcoin exchange rate in September.
      2. The trade of Bitcoins on the stock exchanges. Bitcoin rate is not standing still and is constantly fluctuating depending on how it is trading on the stock exchanges. In the period of calm, these oscillations are not more than a few dollars, but in times of purchases of large quantities or drains of Bitcoin difference is considered to be in the tens and sometimes hundreds of dollars per unit. There are special programs to track fluctuations on the stock exchanges, as well as bots that are much faster in making operations with Bitcoins.
      3. Long-term storage of Bitcoin with the calculation of its price increase by several times. For example, first miners, who did not sell Bitcoins immediately at low prices, later bailed out tens, or even hundreds of thousands of dollars for them.
  • Is it possible to get Bitcoins for free?
    • Yes, there are such methods. There are Bitcoin cranes that, after a certain period of time, give Satoshi. In order to get them you need to enter a captcha or confirm the presence on the site. More information about this method of earning, you will learn from the articles about how to make money online without investment.

  • What Bitcoin World Company represent
    • Bitcoin World - is a British company, engaged in cryptocurrency mining. The main activity is mining for itself. Since February 2016 CEO rented for this purpose a well-equipped, powerful data center in the Sweden.
      Since the official registration of the Company (the event took place in August), there were changes of emphasis from mining for itself in the direction of putting servers in the rent. The Company also developed its own free program for mining, so with us you can earn Bitcoins without renting a server on your facilities. More information about the formation and development stages of the Company you can find in the section "About us".
      Earning Bitcoins with Bitcoin World Company - is a simple, effective and safe solution for absolutely everyone, regardless of whether there are funds for renting or not, because software for mining is available free of charge.

  • What does affect the income?
    • These are basically three factors:

      1. System complexity for a predetermined period
      2. Exchange rate (for the forks)
      3. Maintenance and other costs
    • Each algorithm has its own peculiarities. However, Bitcoin World Company does not impose any maintenance costs for the cryptocurrency you extracted. Thus, your income is Bitcoins obtained by you with our software, plus interest payments on your rented server.

General questions
  • How many accounts can be created by one person?
    • One tenant can create a single account and perform all necessary operations with it. If you break this rule, the administration of the website can remove such accounts and cancel the funds.

  • Is it possible to earn Bitcoins in Bitcoin World without renting a server?
    • Yes, such a possibility is provided by Bitcoin World. In order to earn money without investment, you need to download and install our software for mining. In this case, the program automatically tests hash rate of your hardware for different algorithms, determines the most profitable one and mines cryptocurrency on your device. For greater efficiency it is recommended to leave the app to work, if the computer is free, when you leave the house.

  • Are there minimum and maximum indicators for servers renting?
    • Yes, of course, such restrictions are applied. Minimum capacity for Rent - 62.5 Gh/s (value of 10 $). Maximum power for Rent - 3 125 000 Gh/s (value of 500 000 $).

  • Will I get any reward for inviting partner who will do Mining on your software?
    • Yes, the company encourages its customers that advertise Bitcoin World. If your partner is renting the server, you will receive the referral commission specified in the Partners section. If your invited partner does not rent capacity, but mines due to our program, you will get interest equal to 10% of his profits. If your partner has acquired capacity, and additionally is mining within our application, you will receive a percentage of the cost of his rented server, as well as 10% of his mining.

  • What is the minimum amount for withdrawal?
    • Minimum amount for withdrawal - 5 $.

  • How the profit is accrued?
    • Installed interest is accrued only on weekdays. Bitcoin World operates 5 days a week: from Monday to Friday. Consequently, interest on rented servers is accrued only on business days. The Company does not pay on Saturday and Sunday.

  • How to calculate the profit on my own, based on the percentage of data?
    • Multiply the interest per day by the number of business days in a month.

  • What you need to rent a server?
    • Sign up on the website, confirm that you have read the Privacy Policy of the Company, accept the rules and agree to comply with them. In some cases, management may request copies of identity documents in electronic form.

  • When can I withdraw funds?
    • On Tuesday and Thursday. Days of withdrawal can be changed at the discretion of management. The duties of site management include timely informing the tenants about any changes regarding days and timing of withdrawal.

  • "I forgot my password in order to enter my account. What do I have to do?"
    • You should use the form of password/login recovery. You will need to provide an email address. New data will be sent to your email.

  • How long time an application for withdrawal of profits is processed?
    • Applications are processed by personnel within 24 hours. In some cases, the time frame can vary, for example, in case of technical issues. Management is obliged to prevent any malfunctions and set time frame in which the problem should be solved.

  • How much does a server rent cost?
    • All the necessary information on servers is located in the "Our server" section.
      The cost of servers:
      Server 1 - from 10 up to 1 300 $;
      Server 2 - from 100 up to 3 000 $;
      Server 3 - from 900 up to 10 000 $;
      Server 4 - from 3 000 up to 25 000 $;
      Server 5 - from 5 000 up to 50 000 $;
      Server 6 - from 15 000 up to 150 000 $;
      Server 7 - from 25 000 up to 500 000 $.

  • What does Bitcoin World Company represent?
    • Bitcoin World - is a British Company, engaged in cryptocurrency mining. The main activity is mining for itself. Since February 2016 CEO rented for this purpose a well-equipped, powerful data center in the Sweden.
      Since the official registration of the Company (the event took place in August), there were changes of emphasis from mining for itself in the direction of putting servers in the rent. The Company also developed its own free program for mining, so with us you can earn Bitcoins without renting a server on your facilities. More information about the formation and development stages of the Company you can find in the section "About us".
      Earning Bitcoins with Bitcoin World Company - is a simple, effective and safe solution for absolutely everyone, regardless of whether there are funds for renting or not, because software for mining is available free of charge.

  • "I installed the program, but I want to earn more. The power of my equipment does not satisfy me."
    • If you want to earn more, you should rent a server in our data center. The capacity of our equipment is high enough and will provide you with a stable monthly income.

  • Why do you accrue profits on servers not in Bitcoins, and in dollars?
    • There are several reasons.
      1. As a rule, our tenants are focused on obtaining a fast and stable income. However, the cryptocurrency itself has a high volatility: the price does not stand still even for 10 minutes, constantly fluctuating. And it is not the fact that when you pay with Bitcoins or Altcoins the amount of servers rent will be paid back to our tenants. The dollar is the stable currency. You pay the rent in dollars and, respectively, get the profit also in dollars. It is logical and natural.
      2. There is the Department of professional traders in our Company, whose task is earning on e-currency. Therefore Bitcoin World reserves the right to mined Bitcoins for itself.
      3. The Company aims at long-term prospects for cryptocurrency marketability. To this goal, Bitcoin World needs its own cryptocurrency base (with a good margin). Our analysts forecast the growth and spread of these particular currency and we plan to get our part of the revenue.
    • Thus, both parties have what they want: the tenants - a stable and reliable income, and Bitcoin World – trading profit, rental income, as well as the opportunity to play on cryptocurrency in the future.

"Indeed, the only truly serious questions are ones that even a child can formulate. Only the most naive of questions are truly serious. They are the questions with no answers. A question with no answer is a barrier that cannot be breached. In other words, it is questions with no answers that set the limit of human possibilities, describe the boundaries of human existence." ― Milan Kundera, "The Unbearable Lightness of Being"

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