Bitcoin is a consensus network that enables a new payment system network and is also the cryptocurrency used in this network. The main uniqueness of bitcoin is its full decentralization; it is designed so that no one, not the author or other individuals, groups or governments, can influence the currency, counterfeit it, seize accounts, control the money flow or cause inflation. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet or digital gold standard. There is no central point in the network, nor is there anyone who can make decisions about the network. The amount of bitcoins is capped at 21 Million.

Bitcoin mining is the process by which new bitcoins are created and added to the Bitcoin blockchain. It is also the mechanism through which transactions are verified and added to the public ledger known as the blockchain. Miners use powerful computers to solve complex mathematical problems, and when they successfully solve a problem, they are rewarded with newly minted bitcoins and transaction fees.

A Bitcoin mining pool is a collaborative group of miners who combine their computational resources and work together to mine Bitcoin more efficiently. When mining Bitcoin, miners compete to solve complex mathematical problems to add new blocks to the blockchain and earn rewards in the form of newly minted bitcoins and transaction fees.

Mining solo can be quite challenging and time-consuming because the probability of solving a block and getting the reward is relatively low. By joining a mining pool, miners pool their hashing power, which increases their chances of successfully solving a block. When a block is solved, the rewards are distributed among the pool members.

A Bitcoin wallet is a software application or a physical device used to store, manage, and interact with your Bitcoin holdings. It allows you to send, receive, and monitor your Bitcoin transactions securely. While bitcoins themselves exist on the blockchain and are associated with public and private cryptographic keys, a wallet provides a user-friendly interface to access and control these keys.

Mining Grid is a network of connected Spots. It assigns Racers specific positions by assigning them Spots in the Mining Grid. This ensures that all Racers have an equal opportunity to contribute and receive their fair share of rewards.

Are all registered users or participants inside of the Mining Grid.

Stands for “Redistributed Assets Coordination Ecosystem” the name of the innovative business method used in the Mining Race System.

Proof of Hash Power- The required Hash Power from Racers to contribute to the community network which is a minimum of 100TH.

They are Racers who joined the Race before you.

A Spot is your specific position within the Mining Grid, that can be used to mine BTC. It is available on a yearly subscription basis in different tiers.

Spot Subscription	PoHP	Spot Status	MR Reward
Subscribed	Achieved	Green	Active - Can be withdrawn
Subscribed	Not achieved	Yellow	Active - Cannot be withdrawn
Expired for 30+ days	Not achieved	Red	Active - Cannot be withdrawn

You need to connect your Spot to a mining device or mining card with minimum 100TH to turn your spot Green and receive more rewards from Mining.

The rewards are sent to a pool and can be withdrawn on reaching a minimum threshold to the integrated non-custodial wallet within the Mining Race app. Once in the wallet, they can also be transferred to any other BTC wallet.

No. Each account can only subscribe to a single Spot.

Mining Devices or Mining Machines like ASICS (Application- Specific Integrated Circuits) are computers that are designed specifically to mine cryptocurrencies such as Bitcoin

A Mining Card is an instrument by Mining Race that lets you earn BTC without investing in physical mining machines. These cards let you lease computing power and are currently available in two variants: Speed Mining and Stable Mining.

Speed Mining is an offering on the Mining Race platform that facilitates the leasing of mining power. This can be accessed through Speed Mining cards depending on the computing limit of your Spot tier

Stable Mining is the power rental of 100 THs for an average of 90 days, which remains active until the expected ROI in USD is achieved. The average mining time in Stable Mining is the number of days (or term duration) required to achieve the expected outcome. A Stable Mining card that has already achieved the expected outcome will expire even if it happens before the term duration. However, if the expected outcome is not achieved within the term duration, auto-extensions will be used to ensure the card continues working till it is achieved.

Bitcoin farms are large-scale facilities designed to mine bitcoins using a network of computers. They manage and host your ASIC miners.

No, Mining Race connects with 3rd party mining pools.

Yes. You will get 24/7 access to your device through an Observer Link in the app where you can monitor the performance of your device.

A process where a third-party hosts mining rigs on behalf of a client. In most cases, the client purchases the mining rigs directly through the hosting company and in other cases, the client ships the miner to the hosting company.

Yes, but the number of mining devices or cards depends on your Spot subscription tier.

Sr. No.	Subscription Tier	Mining Devices Allowed	Mining Cards Package Limit
1	Starter	None	Up to 200 TH/s
2	Premium	Up to 2	Up to 900 TH/s
3	Platinum	Up to 10	Up to 2000 TH/s