16/11/2015
MINING FREQUENTLY ASKED QUESTIONS
January 26, 2015 at 6:41pm
Where do I sign up for the mining? How do I mine?
You go to “Exchange”. Mining Menu. And on the lower left side you can sign up tokens for mining. You can choose the amount of tokens that you wish to mine. Or you can mine with all tokens
Do I need any special software to mine?
No, you just sign up on the mining dashboard on the exchange in your back office
How many OneCoins have been mined?
Please check the ticker on our website!
When will the mining difficulty increase?
It depends on the amount of coins mined. Please check the back office for more information
How many Coins can be mined per day?
Per hour we can mine approximately 60.000 coins in all pools. This means 24 x 60,000= 1,440,000 OneCoins per day maximum
What does the Blockchain show?
How many OneCoins have been mined per block. And if any transactions happened.
What will happen to the Tokens “escrowed for Cryptocurrency”?
It depends on which package you are. All packages that are not Tycoon and have already split ONCE will go into mining on a certain date. This will be announced by the company, so you have time to upgrade your account if you wish to do so. All Tycoon packages that have split once will NOT go into mining, but the company will wait until they have split for a second time.
How often does an account split?
Every account can split up to 3 times. Example:
You buy a starter package. It splits once. You upgrade to Tycoon. It will split two more times.
You buy a Tycoon package. Account splits 2x
You buy a starter package. It splits once. You upgrade to trader. It will split again once. You upgrade to tycoon – the account will split only once more, as every account can split up to maximum three times
Should I wait for a split before I mine?
Please stay tuned here. An exciting announcement will be made on Thursday!
How long do I have to wait until my coins are mined?
People are signed up and assigned to mining pools on a principle first come, first serve. Whenever a place is free you join a pool. If you sign up for mining, you can be 100% sure that your coins will be mined. Current waiting time is 2-4 das. But might change in future
When are coins in my account?
The mined coins are distributed once a day to the customer accounts. This happens around 24:00 GMT.
When does OneCoin trading start?
Currently there are not many coins mined. We will wait for appr. 3 months from first day of mining, until some more coins are mined and trading can happen. We expect trading to start beginning of May
How many Tokens do I need to mine ONE OneCoin?
5 Tokens. Unless you sign up for service “Mine Automatically”. Then you can mine at 4 Tokens per coin.
What does ‘Mine automatically’’ mean?
Mine automatically gives you a preferential rate for mining. Normally mining for OneCoin is 5 Tokens per coin. If you subscribe to the service “mine automatically” you can mine the coin cheaper. If you tick the box “Mine automatically” you are subscribed for this service for three months.You can also subscribe ALL existing tokens for 4 Tokens/Coin while you tick the box
How can I mine for 4 Tokens per coin?
Tick the box “mine automatically”. This gives you a preferential rate for mining.
