What is Mining Allocation?

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Mining Allocation, the full hash power conversion feature

What is Mining Allocation?

It’s a new feature that will allow you to allocate the hash power of your Mining Plans to different cryptocurrencies. It brings changes to the Buy Plans and the My Plans sections, as well as the Pay It Forward tab in My Wallet.

The main purpose of the Mining Allocation feature is to be compliant with legal regulations and at the same time provide you with a more flexible and customizable product.

Allocation of TH/s

If users want to allocate TH/s to a specific cryptocurrency, they need to:

  1. Select a radio button to choose a cryptocurrency that they want to allocate TH/s to.
  2. Click the “Confirm changes” button to confirm the requested change.
    For instance, if users want to allocate all TH/s bought in BTCV plans to mine BTC, they need to click the radio button under the Bitcoin cryptocurrency. The “Confirm changes” button then becomes active and users can click it to confirm the requested change.
mining city allocation TH
  1. Read the Terms & Conditions that appear in the pop-up, check the box to accept them, and then click “Confirm changes”.
  1. Once the Terms & Conditions are accepted, a blue bar informing users that the conversion might take
    up to 48 hours will appear on the screen. If users don’t want to proceed with the changes, they can
    click on the “Cancel” button and stop the process of initiating allocation at that time.
how to mining allocation TH

Please note: A user can change the mining allocation two days after the conversion period. There is a blue bar (counter) visible on the dashboard informing the user about the amount of time in which they will be able to make changes.

Frequently Asked Questions About Mining Allocation

  1. Can I allocate my TH/s at any time I want?
    You can allocate your mining hash power every two days after the end of the conversion process.
    There is always a status bar informing you if you can make the allocation.
  2. Can I allocate my TH/s to mine Bitcoin Cash?
    Currently, this cryptocurrency is not available, but once it is, we will inform you about it.
  3. Can I allocate my TH/s to mine Bitcoin Satoshi Vision?
    Currently, this cryptocurrency is not available, but once it is, we will inform you about it.
  4. How can I change the allocation of TH/s that I have just bought?
    When you buy a new mining plan, you can select the cryptocurrency you want to mine. It means that even if you buy a BTCV Standard plan, this plan can mine BTC. It works the same way for BTC plans, so if you buy a BTC Gold plan, you can still select BTCV to be mined during the purchase process. Later on, you will also be able to allocate the hashrate of your newly purchased Mining Plan as part of the standard Mining Allocation process.
  5. Can I mine a coin which is not on the mining plan I bought?
    Yes, you can. You can allocate all your hash power from BTCV plans to mine BTC, and you can do the same for BTC plans so that they mine BTCV.
  6. Can I select a coin that should be mined when I execute a PIF?
    Yes, you can. There is one additional field added in the “Pay It Forward” tab. After you select the user for whom you want to buy a plan and the plan itself, you need to select which cryptocurrency this plan should mine.
  7. Can I change the mining allocation of a plan that another user bought as PIF for me?
    Yes, you can. You can change it two days after the purchase if your other plans are not in the postconversion period.
  8. Is it possible to mine different currencies with BTC plans?
    For the time being, it might happen that a user converted all BTC plans to mine BTCV, and after this conversion bought a BTC plan that mines BTC. In such a situation, the user will see the hashrate split between these two coins. If the user decides to change the Mining Allocation of BTC plans, then it’s only possible to mine either BTC or BTCV with full hash power depending on which currency the user selects.
  1. Is it possible to mine different currencies with BTCV plans?
    For the time being, it might happen that a user converted all BTCV plans to mine BTC, and after this conversion bought a BTCV plan that mines BTCV. In such a situation, the user will see the hashrate split between these two coins. If the user decides to change the Mining Allocation of BTC plans, then it’s only possible to mine either BTC or BTCV with full hash power depending on which currency the
    user selects