Frequently Asked Questions

What is Bitcoin?
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.
What is Bitcoin Mining?
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.
What is a Mining Pool?

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.

What is Bitcoin Wallet?
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.
What is Mining Grid?
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.
Who are Racers?
Are all registered users or participants inside of the Mining Grid.
What does RACE stand for?
Stands for “Redistributed Assets Coordination Ecosystem” the name of the innovative business method used in the Mining Race System.
Who are the Racing Team Leaders?
They are Racers who joined the Race before you.
What is a Spot?
A Spot is your specific position within the Mining Grid, available on a yearly subscription basis in different tiers. While the other higher Spot tiers grant access to mining devices and cards, the Race Spot tier only grants access to purchase Cores.
What are the Spot colors and what do they mean?
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
How do I turn my Spot from Yellow to Green?
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.
Where do I receive my Miner Reward?
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.
Can I own multiple Spots?
No. Each account can only subscribe to a single Spot.
What is a Mining Device?
Mining Devices or Mining Machines like ASICS (Application- Specific Integrated Circuits) are computers that are designed specifically to mine cryptocurrencies such as Bitcoin
What is a Mining Card?
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.
What is Stable Mining?
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.
What is a Mining Farm?
Bitcoin farms are large-scale facilities designed to mine bitcoins using a network of computers. They manage and host your ASIC miners.
Does Mining Race have its own mining pool?
Mining Race connects with third-party pools and then pools the rewards and redistributes them based on the earning from mining machines, mining cards, or the Races.
Can I monitor the performance of my mining machines?
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.
What is Hosting?
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.
Can I buy and connect multiple mining devices or mining cards to the same Spot?
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 100 TH/s
2 Premium Up to 9 Up to 900 TH/s
3 Platinum Up to 30 Up to 3000 TH/s
4 Prime Up to 50 Up to 5000 TH/s
5 Diamond Up to 150 Up to 15000 TH/s
What is Cores Racing?
Cores Racing is a mining competition where you can win extra rewards just by owning Cores. Just buy a Core and you’re good to go. Everything runs automatically in the background.
What is a Core?
The BTC earned from the Core goes to the user, but having a Core also enables the user to be enrolled in Cores Racing. Check out more details about the races here.
What are the Races under Cores Racing ?
Race Description
Sprint Race Weekly for new Cores who joined in the Sprint week.
Block Race Open to all enrolled Cores and takes place every 10 minutes (every time a new BTC block is mined)
Can I track my rewards and Cores Races?
Yes! Everything is updated daily in your Mining Race dashboard, including winnings, Race results, and your active Cores.
Is there a limit to how many Cores I can buy?
No limit. The more Cores you buy, the higher your chances of winning!
How often can I win a Cores Race?
There's no limit! You can win multiple races as long as your Cores are active. Every Block Race (every 10 minutes), you have a new shot at winning.
Can I mine BTC with a Race Spot?
Yes, you will be mining with each Core you purchase, and will earn mining rewards from the connected hash power. But, if you wish to purchase mining devices or mining cards to mine more BTC, you will need to upgrade to Starter, Premium, or Platinum Spot tiers.
What are Mining Credits?
Mining Credits are BTC rewards earned through any mining activity on your Spot. These can be claimed directly to your wallet upon reaching a minimum threshold of 0.002 BTC, or towards purchasing a mining device, card, or Core.

They can also be used to purchase/extend/upgrade/renew a Spot license.
What is Hosting Fee?
Hosting fee associated with each mining device includes electricity costs, internet connection costs, physical and technical security of the devices, and other service-related costs.
How is Hosting Fee charged to the user?
In Mining Race, Hosting Fee is deducted automatically from the Mining Credits generated from a device’s computational power and the remaining earnings are then transferred to your wallet.
What are Mining Device Earnings?
Mining Device Earnings = Mining Credits generated by a mining device – Hosting Fee