FAQ

General FAQ


  •  What is GX Blocks Energy?  

GX Blocks Energy is a hybrid investment product which offers Bitcoin Mining Contracts based on Cloud mining and Renewable Energy Sources. By combining the two sectors we are offering a scalable, eco-friendly and resilient to market conditions investment , with no hidden fees, electricity costs and contract disruptions. Our customers range from millennials making their first investment, cryptocurrency enthusiasts to investment advisors at major institutions making purchases for clients.

   

How do I get started with IQ Mining?

To get started, please Sign up and purchase hashrate contract. You don't need any special hardware
or software or even to keep your own computer on to do cloud mining, we will do the mining on your behalf.

  •  How do GX Blocks contracts work?

  • When purchasing a GX Contract, you gain access to computing power from our dedicated data centers for the purpose of cryptocurrency mining. Our contracts are of of fixed duration and computing power without any ongoing or unexpected fees. The computing power belongs to you, as well as the rewards from the cryptocurrency mining.

    What is cryptocurrency?
    A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

    •  What is my Dashboard? What is GXB  Pool?

    Due to the decentralized and transparent nature of our product, we provide real time tracking solution of both Mining and Renewable resources operations. In myDashboard we provide only the info of the contract you own and in GXB Pool we provide the total status of our operations.


    •  How can I predict my revenue?

    Due to the nature of the product, a  prediction of the revenue would be subjective. You may refer to the calculator (https://gxblocks.net/collections/gx-blocks-contracts) to make an estimate of the projected revenue. It should be noted that these calculations are variable since they are based on the current difficulty block reward, and exchange rate for particular coin, which may vary over time.

    What is MH/s?
    MH/s (megahash per second) - this abbreviation represents computing power of your account and has direct influence on your mining results.

  •           What does 100% uptime mean? 

  • It is always possible that mining hardware may face downtime, slow down or even break down. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time.



  • What is the maintenance fee?

  • There are no maintenance fees or other costs charged to the user for the whole duration of the contract. 


  •  How frequently are payouts?

  • Payouts are generated monthly, but you will receive your outputs only once they have accumulated to a certain quantity. These minimum mining outputs are set in order to avoid that customers pay excessive fees for receiving small amounts in their wallets. 

    What are conditions for profit withdrawal?

  • Scrypt: 30 MH/s
  • SHA-256: 1000 GH/s
  • Ethereum: 5000 KH/s
  • Zcash: 50 H/s
  • Dash: 30 MH/s

  • Is there any minimum withdrawal amount?

    Why reinvesting your mining profit is a smart way?

     

    Why is my transaction unconfirmed in the blockchain?
    As soon we send out the coins, the transaction is within the blockchain waiting for confirmation. We can assure we send out the transactions with the proper fees but sometimes there are some delays in the blockchain. Unfortunately, we cannot accelerate this process from our end. Please keep in mind that some wallets only show the transactions once a certain number of blockchain confirmations have been reached.
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