What Is Cryptocurrency Mining? FAQ

Can i change the address of my order?

If you wish to change the shipping address of your order and have not received notification of shipping, please send an email to info@escrowtrades.co  and we will try our best to update your order. If you have received notification that your item has been shipped, we are unable to amend the order and would recommend contacting the courier with your Tracking ID number to rectify the matter.

Can i cancel or amend my order?

We always endeavor to dispatch your order as soon as possible so cancelation requests are not usually accepted. If you wish to cancel or amend your order and have not received notification that your order has been dispatched, please send an email with the subject line ‘CANCEL ORDER’ and your order number to info@escrowtrades.co and we will try our best to accommodate your request. Take care to confirm your order selection before proceeding to payment.

I have not received my order confirmation.

If you have not received an order confirmation via email or text message, please email info@escrowtrades.co with the following details and a member of our team will be happy to assist you.

1 - Order number  (if you have this)

2 - Shipping name 

3 - Shipping address

4 - Contact number

Does my item comes with a warranty?

Should you have an issue with your item you are protected by our 90-day Moneyback Guarantee.

Where is order shipped from?

We have warehouses in both Germany and US which ship to their respective residents.

Is there is minimum spend to qualify for free shipping?

We offer free standard shipping on all orders with no minimum spend price! For express shipping prices please refer to the delivery times and prices section.

Delivery-times

We aim to get your item delivered to your door as soon as possible, however during peak periods and subject to ever changing global Covid-19 restrictions, we may be moving a little slow, please bear with us. Please allow 7-8 business days for your item to be processed before shipping. *Please note this increase in processing time is only temporary due to an increase in sanitization process following COVID-19 regulations at our warehouses.

How do i track my order?

After your order has been shipped, you will receive a tracking ID number which allows you to monitor the movement of the package once it is with the courier. Please allow 3 business days from being notified of shipment for your tracking ID to be updated by the courier. If you still haven’t received Tracking ID, send an email to info@escrowtrades.co  with your order number and a member of our team will look into the matter for you.

I have received order confirmation but no shipping updates.

Please email info@escrowtrades.co  with the following details and a member of our team will be happy to assist you.

1 - Order number

2 - Name on order 

3 - Shipping address

4 - Contact number

I have received my Tracking ID number but it shows invalid.

It may take up to 3 business days for the courier to update the Tracking ID number from the date of dispatch. If after 3 business days the Tracking ID number remains inactive please contact us at info@escrowtrades.co and a member of our team will look into the matter for you.

My Tracking ID has shown no movement for few days.

If the Tracking ID shows no movement of your package, your item will most likely be in transit between courier checkpoints. If you still see no movement after a period of 7 working days for Europe and US orders, or 14 working days for international orders, please send an email to info@escrowtrades.co 

I'm unsatisfied with my item.

We are so sorry to hear you don’t love your item, click HERE to see if you are eligible for our 90-day Moneyback Guarantee. If you fit the criteria for our 90 day Guarantee, send an email to info@escrowtrades.co and a member of our team will review your case.

My item is defective

Please email info@escrowtrades.co with the subject line ‘DEFECTIVE ITEM’, your order number and photo/video evidence of the defective item and our team will review your case. Please note that cases reported after the 90-day period will not be eligible for review.

How do i return my item?

If you are not satisfied with your order and wish to make a return please contact info@escrowtrades.co  and a member of our team will be happy to assist you with this request. Please note we only accept returns if the packaging is unopened and return shipping costs are covered by the customer. If your item is defective, and you are eligible for the Moneyback Guarantee. Please attach the requested photo and/or video evidence to your email so our team can review your case.

What payment methods do you accept?

We accept payments via Bitcoin or Bank Transfer. All products listed on our website are priced in US Dollars.

The price will be provided through the exchange rate of Bitcoin to US Dollars rate as per the current market rates.

Orders generated will be valid only for a certain period from the time of booking. Once the order is generated a person as to make the payment in max hour in BTC Transfer.

How long will it take to receive my refund?

Refunds via Bitcoin are processed immediately to your Wallet address and Bank Transfers will take 3-4 Business days Max.

I have a discount code but forgot to add it to my order.

If your discount code is eligible for redemption but you forgot to add it to your order, we will be happy to adjust the price for you. Please send an email to info@escrowtrades.co with your valid discount code and order number. Please note we will not consider requests submitted after 48 hours from the time of purchase or without a valid and in date discount code.

My discount code is not working.

Discount codes from influencers are usually valid for a limited time, and may not be valid alongside other promotions. If your code is not working please refer to the promotions terms and conditions. If you are still unsure why your code is not working please send an email to info@escrowtrades.co  and our team will be happy to assist you.

What is Bitcoin mining?

Bitcoin mining is done by specialized computers. The role of miners is to secure the network and to process every Bitcoin transaction. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (Bitcoin’s famous “blockchain”). For participating in this service, miners are rewarded with newly-created Bitcoins and transaction fees.

What is hashpower?

Hashrate is the speed at which a computer is completing an operation in the Bitcoin code. The hashrate is a measure of how many times a computer can attempt to complete this algorithm puzzle every second. The higher hashrate means increased opportunity for Bitcoin Mining and receiving.

 How do I know what I’m really mining?

With the amount of hash-power that you received when you purchase your mining package, you will be able to use any number of public calculators that you are able to find on Google and plug in the amount of hash-power in the mining calculator of your choice. The calculator will let you know the amount of Bitcoin you should be mining per day. You can then match that number with the amount of Bitcoin that you mined in your Bitcoin wallet to verify that you are mining the right amount of Bitcoins.

 Is mining better than buying?

Given the right setup, mining Bitcoin has always been more profitable than buying Bitcoin. When you buy Bitcoin, you only get a fixed amount of Bitcoin one time, and risk losing money due to the volatility of the market. Through mining, you don’t have to worry about the volatility of the market because you are getting a little more bitcoin every day. So over time, you will have more bitcoin mining than buying, giving you a cushion against loss if prices drop, and magnifying your gain if prices increase. 

Is GBM-UG Technologies a cloud mining company?

Yes, GBM-UG is a hardware reseller and cloud mining company. The consumer may purchase actual ASIC hardware or a cloud mining package deal. Customers can choose to utilize our superior Cloud mining services or have their hardware shipped to them, subject to shipping and handling charges. Please refer to our Terms and Conditions for details.

How will I receive my profits and where will be stored?

All mined Bitcoins are distributed directly into your provided Wallet address upon purchase.

What is mining difficulty?

Bitcoin mining difficulty is a measure of how difficult it is to find a hash below a given target. The Bitcoin network has a global block difficulty where valid blocks must have a hash below this target.

What makes your company different?

Our executive leadership team operates with a level of trust, respect, and dignity which builds confidence, cooperation, and contribution throughout our entire organization. Our service makes mining Bitcoin accessible to everyone. No longer is it required to buy expensive equipment and waste your time on setting it up. Simply select the desired Cloud mining package and start your mining operation or purchase a hardware and have it shipped!
We have services with superior quality, diversifying entry to mining, advanced techniques in our data center, and favorable pricing. We are trusted by our clients and have a reputation for the best services within the Bitcoin Mining field.

What is an Antminer? Why should I buy this over using my own computer?

They are specialized hardware developed specifically for mining at the highest efficiency. GBM-UG currently offers the latest state of the art S19 ASIC Pro models.
While in the past, it was possible to mine bitcoin with a powerful graphics card, it has become very costly and inefficient in overheard costs (electricity and heat) to use basic consumer hardware for mining.

What happens if my machine fails?

Antminers are generally expected to last around 4-6 years. However, our hosting partners services include regular maintenance and cleaning by dedicated staff at our data centers. Furthermore, we offer 1 warranty replacement for each piece of hardware during the total term of your hosting services with our partners.

Can I host my equipment myself?

Yes, you may purchase hardware at cost and have it shipped directly to you for shipping and handling fees.

 Why should I host my miners with GBM-UG instead of my own facility?

Bitcoin mining computer hardware requires technical knowledge to setup, a well ventilated space and huge amounts of ongoing electricity at a high voltage to operate. You will incur very high fees to set-up the space and high ongoing electricity bills to operate, not to mention the loud noise these computers generate. So just let us worry about setting it up and maintaining it for you while you decide on where to distribute your hashpower and collect your rewards!

What happens when my hosting is done?

If your hosting term has ended and your hardware is still functional, you will be contacted with the options to either renew your hosting or have the hardware shipped directly to you (fees will apply). Hosting rates will vary depending on the changing costs of electricity in the future.

 With the split hosting and hardware offerings, if I bought a package with 1 year of hosting, am I still entitled to that year? What happens at the end of that year?

That first year of hosting is unaffected by the changes in our products and you will still have the same service for any package you purchased.
When your first year is completed, you will have the option to renew your hosting or have the hardware shipped to you. This is the same for all members whose hosting services have been completed.

How long of a hosting service should I buy?

Because mining hardware lasts between 4-6 years, 5 years of hosting makes sense from a cost perspective as maintenance rates are locked in for the life of a contract. However, GBM-UG believes every member should be able to make their own educated decision on hosting terms, as it offers plan duration from 6 months to 5 years.



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