What does Firecoin Mine do? (How does Firecoin Mine settle)
What does Firecoin Mine do? Firecoin Mine is an incubator in the field of digita
What does Firecoin Mine do? Firecoin Mine is an incubator in the field of digital currency and one of the most popular projects in the blockchain industry. Under numerous media reports, Firecoin Mine has quickly developed into one of the largest mining platforms and ecosystem partners. In addition to providing services to users, Firecoin Mine is also exploring other ways to increase its business volume and user exposure.
Currently, there are two major mining platforms on the market: one is the Ethereum exchange (such as Binance, OKEX), and the second is Ethereum Cat, which is already a decentralized exchange itself, so it can help investors with lower-cost investments.
What is Firecoin actually doing? What is its main function? Its main function is not investment, but to earn commissions or other similar things by purchasing encrypted assets, and then use this money to buy some tokens or tokens (ETH) of Firecoin Mine. If you want to get more profits, you need to deposit funds into the Firecoin Mine, because Firecoin will regularly charge a certain percentage of the assets you own as interest.
How does Firecoin Mine settle
Firecoin Mine is developed by Interstellar, Singapore. It is a distributed financial service platform based on blockchain technology. Firecoin Miner is currently one of the main and largest Bitcoin mining institutions. In Firecoin Mine, investments and transactions of mainstream currencies such as BTC and BCH can be made. At the same time, according to the Planet Daily, as of 18:30 on June 1, 2020, there are already over 1,000 addresses holding digital assets worth over $1 million.
From this perspective, how does Firecoin Mining achieve settlement? First of all, Firecoin Mine will charge a fixed percentage of fees from all users: for ordinary investors, the monthly rate of return is the RMB amount after deducting transaction fees; for old players, according to the daily net income calculation, each person will receive a corresponding amount of Bitcoin as a reward. In addition, the average distribution ratio calculated based on each user’s net contribution is the percentage of the total expenditure, so when a certain percentage of Bitcoin enters the exchange, the corresponding returns will be automatically generated. This means that as long as you deposit a certain amount of Bitcoin, you can get a corresponding amount of rewards. Of course, this model is also called the Star Fund Program. If we sell the mining machine and then bring back the remaining money, all the Bitcoin in your hands will be transferred to them, which means that the interest on your mining machine has been borne by the market. This also means that you only need to pay a portion of the cost to participate.
What is the settlement method of Firecoin Mine? Let’s take a look at how Firecoin Mine achieves settlement process. Secondly, let’s look at the mining pool rules of Firecoin on the official website of Firecoin Mine.
1. Miners must provide funds in the form of USDT to the designated account and complete KYC certification every day, otherwise they will not receive the commission from that account. 2. Miners will use USDT to purchase S9 mining machines under Firecoin and sell S19 mining machines to qualified investors and professional investors. 3. The mining operator needs to submit relevant proof applications every month to be able to receive the mining machines.
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