FAQs

Crypto assets or cryptocurrencies are “cryptographically secured digital representations of value or contractual rights that can be transferred, stored and traded electronically”, according to HMRC’s definition.

Simply put, cryptocurrency is a type of money that only exists electronically – digital money. This means a cryptocurrency is a digital asset that can be traded and used to pay for various things online. It’s not based on any actual asset, so there’s no intrinsic value; the value is determined by supply and demand – essentially, it’s only worth what a buyer will pay.

Our mission is to help investors with no prior knowledge to Cryptocurrency. We will show you everything you need to know to get started, leave the building and initial set up to us.

Once built, we recommend our inclusive industry leading Hosting & Maintenance package which gives you the ongoing support and monitoring to get the most out of your new cryptocurrency mining rig. With our in-house experts, we analyse the market and target coins which yield the best returns for your cryptocurrency mining rig. Our bespoke ongoing maintenance package includes.

• Personal Mining Account Advisor
• 24/7, 365 Days Monitoring & Maintenance
• Industry leading Advice and Recommendations

Each day, more and more business are adopting Cryptocurrency as payment. Companies such as Microsoft, Tesla, Virgin and many more all accept direct crypto payments. Along with this, you can very easily withdraw Cryptocurrency into your bank account, or get Crypto debit cards to spend your Cryptocurrency at any merchant that accepts VISA or Mastercard. An example of this is the Binance or Crypto.com Visa Card where you can earn interest on your Crypto (more competitive than more UK bank accounts).

ASIC (Application Specific Integrated Circuit) server, is a mining machine with chips that are specially designed to mine cryptocurrencies, and they are often pre-programmed to carry out mining for a cryptocurrency.

GPU (Graphics Processing Unit) mining comprises of numerous GPUs attached to a computer to form a mining rig. GPU mining rigs are less noisy, consume less electricity than ASIC and are currently the most profitable crypto mining option for long term mining. They retain their resell value, even after 4-5 years, as they can be utilized for other requirements and are reprogrammable, which is not the case with ASIC servers.

The biggest killer of computer equipment is thermal degradation, which is caused by switching the equipment on and off repeatedly causing components and materials to degrade. When computer equipment runs at a constant power and optimal temperature, you maintain and extend the service life. We carry out maintenance checks a few times a year to mitigate downtime and preserve components.

Once built and hosted at our Crypto mining facility, you can remotely monitor your miner from either a internet browser log in or mobile app (Apple & Android). It’s as simple as logging into a website (username & password) on either phone or computer to monitor how your miners are running. We will give you a full initial induction of both Software and Hardware so you know exactly what to do and where to find your mined profits.

Proof-of-work is a specific algorithm used in many forms of cryptocurrency, including Bitcoin, Ethereum and many others. Within the proof-of-work protocol, miners compete to solve a complex mathematical puzzle in order to add transactions to the blockchain. A new block is added to the blockchain each time this equation is solved, the miner is then rewarded with the current block reward and any transaction fees included within the block.

Various jurisdictions have different regulations regarding payrolls, income, sales, capital gains, and other aspects involving cryptocurrency and taxes. Investors are responsible for reporting and dealing with taxes in their local jurisdiction. If you have any doubts as to the merits of an investment, you should seek advice from an financial advisor.

We only use GPUs (Graphics Processing Unit) which are more power efficient, flexible and environmentally friendly compared to ASIC miners. Our miners have the ability to mine over 1000 coins unlike ASIC miners which are purposely built to mine one coin. Over recent years, the smaller lesser known coins have proven to be substantially more profitable and more power efficient compared to mining one coin such as Bitcoin on ASIC miners.

We work with Tree Nation who gathers and coordinates reforestation efforts worldwide in a unique platform, enabling every citizen, company and planter to take action. For every miner we host we will offset the carbon emissions by donating towards their cause.

To find out more about Tree Nation and our efforts towards climate change please visit www.tree-nation.com or contact us today for more information.