Agatangeghos St 7, (Yerevan) Armenia
support@myminingspace.com

FAQ

Here you will find our ever-growing list of most frequently asked questions. Feel free to contact us for further assistance.

Is the facility safe?

Our mining facility is extremely safe, it’s being watched 24/7 and we are using top tier ventilation systems to keep your gear cool.

How long will it take to get started?

As soon as we receive your miner it should be running within 24 hours. The miner will always be accessable to you remotely.

When are you opening?

Last preparations for the facility are being rolled out. Our scheduled opening date as of now will be 5th of June 2018. We will not be accepting payments before opening.

How many places do you have?

We have multiple locations available where we could expand. We are starting with one facility with a power capacity of 500MW, this is expandable.

 
Do you sell miners?

We do not sell miners directly but we do offer the opportunity to order a miner directly through our supplier and have it send to us. Once we receive the parts we will set it up for you directly.

Are you reliable?

Yes we are a 100% honest and reliable company. If you would like a live tour of the mining facility or phone/skype contact please contact us below.

Do I need any technical skills to start mining?

The simple answer is no, you do not. We offer different packages which offer extra services. Please take a look at our packages on the homepage. This way we can serve people with both technical and non technical backgrounds.

Do the miners stay in my control?

Yes whatever package you take with us the miner will always stay your property. We will never ask you to share your wallet keys with us and neither should you ever do this. If you ever decide to stop working together with us we will send your miners back to you. (Shipping fees will be for the customer)

How much will I be earning?

Since the prices of cryptocurrencies change by the minute It’s hard to calculate the exact amount you will be earning per month. Another aspect to take notice is the rising difficulty of mining. Lastly the mining equipment you want to mine with and the coin you’re mining also play a big role. If you are interested in knowing the projected monthly income you will be mining please contact us below and we will get back to you as soon as possible.

How much will I be paying?

We calculate the cost of hosting your miner by KW in use at our facility. Note: this is not in KWH, which is a big difference. For our basic package we rent 1KW in our facility for $98. Let’s say you are interested in hosting a 6GPU RX580 miner with us by average the usage of this miner is around 0.95 KW. So the price would be 0.95*98= $93.1 monthly fee to host a 6GPU miner with us.

What miners do you accept?

We accept both ASIC and GPU miners. We also offer assembly services of miners from parts you send us.

Can I meet someone from the team in person?

We are happy to meet with you in Yerevan, Armenia. We are able to communicate with you in English, Dutch, Armenian or Russian. Meetings over the internet by either voice or chat are also possible. Please contact us for the possibilties.

Can I send my miner parts straight from the supplier to you?

Yes you can, we have an office where the packages could be send to. We will transport and install the parts in the facility within 24 hours of receiving them.

Am I stuck on a contract?

No, you have the option to pay monthly with us. Do you want to terminate our cooperation? Please let us know 2 weeks ahead of the new month and we will arrange everything. Shipping costs will be for the consumer.

Where do I get miners for decent prices?

Since we are also mining in the facility we can share our knowledge with you so you can get miners too for decent prices. Please contact us for more info.

Do you have further questions?