Frequently Asked Questions

F.A.Q

Who is BTConly.io?

BTConly is an industry leading Bitcoin mining pool. All of the mining power is backed up by physical miners. Mining with the latest algorithms allows to make as much Bitcoin as possible. We aim to provide you with the easiest possible way to make money without having to do any of the hard stuff. With data centers around the globe, we aim to keep bills down and mining power high, meaning you can make more in a shorter amount of time than what it would take to mine from your home for instance. Our data centers are located in Europe, USA and China with dedicated Up-Links and 99% uptime!

How to Upgrade Your Plan?

Click upgrade plan then wallet will appear. You just transfer the corresponding BTC number.

Is this a Ponzi scheme?

No, this is not; this is an investment in Crypto-currencies, similar to the stock market. A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.

When and how was Bitcoin started?

Bitcoin is a digital currency created in 2009, it is a software-based online payment system. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. It became prominent in 2013, when the value of a Bitcoin soared more than 10 x times the value in a short two month period, from $22 in February to a record $266 in April. At its peak, based on more than 10 million bitcoins issued, the crypto-currency boasted a market value of over $2 billion.

How do bitcoin work?

This type of money or currency comes into existence from mining. The mining process involves compiling recent transactions into blocks and trying to solve a computationally difficult puzzle. The first participant who solves the puzzle gets to place the next block on the block chain and claim the rewards. The rewards incentivize mining and include both the transaction fees (paid to the miner in the form of Bitcoin) as well as the newly released Bitcoin. Your Bitcoin account balances are kept using public and private "keys," which are long lists of numbers and letters created by the encryption algorithm that was used to mine them. The public key is similar to a bank account number and is used as the address which is published to the world and the way in which people can send you Bitcoin. The private key which is similar to your debit or credit card PIN and should never be given to anyone, this is what you use to authorize sending Bitcoin to others.

I don't have a Bitcoin wallet. How can I create one?

You can create Bitcoin wallet using online services like Blockchain.com.

How long does it takes to withdraw money?

Withdrawal applications are generally processed instantly, in rare cases withdrawals can be processed manually and take longer.

If I pay for an upgrade how long is it active?

BTConly upgrades have no limits and works as long as our data centers are powered. Our uptime is 99% so upgrade confidently.

Can I upgrade BTConly with money on my balance?

BTConly currently does not support upgrading from internal BTConly wallet yet. You can only upgrade using external wallets.

What is Cloud Mining and how does it work?

Cloud Mining gives instant access to a mining platform to anyone who wants to start mining immediately, whether its because you don't have the knowledge to do it by yourself or you just do not want to incur the huge start-up purchase of purchasing and managing your own hardware system. Simply it's sharing the processing power our data centers to mine together with us as a group. By working together in a pool and sharing the payouts amongst participants, miners can get a steady flow of bitcoin starting the day they activate their miner.

Where is your Mining Farm located?

For the security of our Investment and that of everyone that purchase miners from us, we do not publicize the exact location of our mining farms. Basically it would be like giving the exact address of where you could find millions of dollars of Gold bars, our locations are extremely secure but we could do without the stress of being constantly attacked by robbers. We have 2 locations in Europe and one opening soon in North America.

How much can I invest in Cloud Mining?

Our starting package is 0.01 BTC, it's a small investment to test the waters and get familiar with the technology without much risk. We guarantee up to 20 BTC investment for lifetime from the date you start mining. If you decide to cancel within this timeframe you will receive your initial funds less all amounts paid to you during that time period.

How much can I earn on the partnership program?

You will earn 12% to 20% every time your referral gets upgrade depending on your plan.

Can I sell back my contract?

If you want to sell your contract after the 365 days follow the steps below:
- Step 1: Contact your account manager or customer support to request to sell your contract. You will receive 80% of the current market value of the contract after the contract is sold. **We do not buy the contract, we offer the contract to other buyers and it will only be paid when someone buys your contract.**
- Step 2: Your contract will be put up for sale to new and/or existing clients. The selling timeframe will vary, it could be very fast or take some time, it depends on the market. We leave the selling contract open for as long as it takes to be sold. You will continue to receive your ROI until the contract is sold.
- Step 3: Your contract is sold. You will receive 80% of the current market value of the contract.

What are the risks of me losing my money?

Whenever you invest you run the risk of making a lot of money or losing some, you should understand the risks and decide if they are risks you are comfortable taking. While Bitcoin have performed well over the past years and are estimated to do significantly better, there is no 100% guarantee. There are always ups and downs in any market but this is the crypto currency industry is only getting bigger.

Can I invest from anywhere in the world?

Yes you can, we do not have any restrictions on any country. We accept clients located anywhere in the world, this is the advantage and benefit of using crypto-currencies.

How go I Start?

Sign up providing your wallet address and Start generating Bitcoin.

How many accounts are allowed per person? what about sharing my ip address with co-workers or family members?

No more than one account is allowed per person. Multiple account openings is against our internal users policy and might result in membership termination.