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Servers

FREQUENTLY ASKED QUESTIONS

We’re Here to offer you the best crypto-mining experience,

CAN I BRING HOME THE RIGS TO MINE?

  • We do not recommend you mine at home for safety and power issues

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  • You are allowed to bring your rigs home after our contract period ends or you can continue to mine in our facility.

HOW LONG IS THE CONTRACT PERIOD?

  • The normal period in other Cloud Mining providers is 3 to 5 years.

 

  • Our current offer will be 3 to 4 years

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DO YOU HAVE DOWNSIDE PROTECTION?

  • No investment is risk-free. However, at bitexecution ,we offer the best possible downside protection.

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  1. Double Discount on Machines​

  2. Backup Plan for Worst-Case Scenarios

  3. Investment Scheme For Everyone

WHAT IS THE DEPRECIATION ON THE MACHINES?

  • The replacement cycle for the earlier generation models are 5 years (despite a theoretical operating lifetime of 10 years).

  • Rigs from earlier generations have experienced technological breakthrough and hence becomes obsolete in its year 5. Going forward, the technical barriers to innovation is twofold

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Development & Production Bottleneck For Transistors

Thermal Limitations to Moore’s Law

  • Existing Lithography machines for Mining rigs chips are of DUV models producing @ 7nm transistors by default (and could produce 5nm transistors with the help of immersion).

 

  • The room for further improvement is limited and require EUV lithography models (which is tightly limited in supply in the realm of 20-50 machines annually and global)

  • Preventing S19J Pro from going obsolete: Through Credit Suite estimates, complemented by a 2015 Stanford Study, “Fundamental Limits to Moore’s Law”, experts agree that computers should reach the physical limits of Moore's Law at some point in the 2020s.

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  • The high temperatures of transistors eventually would make it impossible to create smaller circuits. This is because cooling down the transistors takes more energy than the amount of energy that already passes through the transistors.

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  • S19J pro model is highly unlikely to be replaced due to limits in technological breakthroughs, and even if so, the cooling systems are not in place to cope with it as it violates its physics foundations.

 

  • Nevertheless, for conservative sake, we still assumed a 5 years replacement cycle.

WHY MINE IN HONG KONG? 
WHERE IS THE ELECTRICITY ADVANTAGE?

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  • China: The recent banning of cryptocurrency activities in China posted a unique opportunity for cheap rigs for miners with unique connections

  • Kazakhstan: The recent political unrest in the country reduced the country’s original 20% (global hash rate market share) to merely 13%

  • United States: 30% capital tax erodes the profitability of mining activities

  • UK, Japan: Economically unviable owing to expensive electricity fees

ELECTRICITY COST COMPARISION

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Among all civilized location that allows cryptocurrency mining, Hong Kong has the most attractive electricity cost for industrial use. 

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While other locations such as Myanmar, Kazakhstan could offer lower rent and electricity fee, miners are no longer inhabitable due to unstable electricity supply, increasing fuel rate, and political unrest. And the hosting sites are subject to much higher operation risks due to non-transparent government policies and local bribery.

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