How to start BitFuFu Cloud Mining
1. BitFuFu and product introduction
Platform Introduction
BitFuFu is a fast-growing digital asset mining service provider and the world's leading cloud mining service provider. BitFuFu has been invested by, and is the only cloud-mining strategic partner of Bitmain to date, the world’s leading digital currency mining hardware manufacturer.
BitFuFu is committed to building a secure, compliant and transparent blockchain infrastructure, providing a variety of stable and intelligent hashrate service solutions for the global customer base. With its expanding global network of mining facilities and strategic partnerships with Bitmain, BitFuFu enables institutional clients and digital asset enthusiasts to mine digital assets efficiently. With a robust business model covering cloud-mining, miner hosting and self mining, BitFuFu can effectively control the risks caused by the market volatility and promote the vertical integration of the global digital asset mining industry.
Products Introduction
The cost and output of mining are closely related to the miner's model, power consumption, hashrate, power supply and other indicators, BitFuFu scientifically standardized and integrated it through technical means, making the mining process simpler, even a newbie can easily start mining
Users only need to pay attention to the following four indicators when they purchase cloud mining products on BitFuFu: hashrate fee, service fee, hashrate quantity, and plan durations
Hashrate fee: the hashrate rental fee of the mining machine, which is charged when the order is placed
Service fee: operations & maintenance costs, including electricity, repairs, maintenance, transportation, etc in order to ensure stable operation of the miners
Plan durations: durations of hashrate plan, the longer the durations, the more the expenses and output
Hashrate quantity: hashrate quantity of the miner, the more the quantity, the more the output can be mined
BitFuFu provides a full-cycle 30-360-day BTC hashrate plan, users can choose the different plans according to their own capital and risk tolerance, users are allowed to choose their mining pool independently when placing an order, real mining is guaranteed.
What is Easy Mining?
Generally, it's still mining, but the product is logically more similar to buying a spot. Users can select the durations and amount of the plan they want to buy, and they can immediately see how much BTC can be purchased according to the current BTC market price, and how much BTC can be obtained through Easy Mining mining products
2. Purchase BTC cloud mining contract
As shown in the image above, click on the hashrate market in the red box
Then you will be directed to the cloud mining product page, where you can choose a cloud mining hashrate plan with different hashrate quantity/cycles according to your investment preferences.
For example, I selected a plan with cloud hashrate level + cycle as shown in the above image, and then click on the product page to enter to the order details page.
Please be informed that the mining cost of the hashrate products includes the following parts:
Hashrate fee: The periodic rental fee of the miner will be charged when the order is placed
Service fee: 10 days’ service fee will be charged when the order is placed, subsequently it can be automatically deducted from the revenue earned, and you can choose to pay by USDT, BTC, ETH, BCH
At the bottom of this page, there are theoretical cost recovery durations and hashrate calculation for your references.
Click [Buy Now] to enter to the next payment page
3. Mining pool income and payment rules
Mine pool selection
BitFuFu's cloud mining pool partner is the industry-leading mining pool brand Antpool and F2Pool, users will be able to select the mining pool they prefer when placing an order.
Switching mining pools
Currently, the platform does not support switching mining pools after it is set. Please think twice before you place an order.
Mining pool direct payments
Mining pool will synchronize the daily output bill (from 8:00 of yesterday to 8:00 of the day) between 8:00 and 16:00 (GMT+8) every day and transfer the mining output to BTC funds or personal wallet.
BTCmining output:
| Mining Pool | Minimum payout amount for each plan (BTC) | Remaining output after plan ends (BTC) |
|---|---|---|
| Antpool | 0.005 | 0.000054 |
| F2pool | 0.005 | 0.0005 |
| Poolin | 0.005 | 0.005 |
Minimum payout amount：If the client’s daily output is higher than 0.005BTC, Antpool will transfer the mining output to the client’s personal wallet. If the daily output is below 0.005BTC, the mining pool will transfer the mining output when the accumulated output reaches 0.005BTC
Remaining Output——After an order is completed, the mining pool will send you the small payment within 48 hours after the plans ends when the remaining BTC output in the mining pool exceeds the minimum transfer threshold (above 0.0005 BTC). If the remaining output is below the minimum threshold, the output will remain in the mining pool
4、 Check your mining output
As shown in the image above, click on the mining process monitoring in [My Mining] to observe your income in real time.
For more questions, please go to the Help Center at https://bitfufu.zendesk.com/hc/zh-tw
Updated on: 31/10/2024
Thank you!