FAQ

1.  How do I benefit?

Letmecloud company has several data centers around the world, and each of them has new equipment that we rent. You rent mining equipment for 1 year. During the year, the equipment you rent is engaged in mining 24/7, 365 days a year. Every day, miners mine bitcoins, which are immediately sent to your balance and displayed in the dashboard. At any time, you can withdraw bitcoin to your wallet, sell it, or store it to sell it at a higher price later. Mining on rented equipment has a lot of advantages, including the absence of the need to purchase expensive equipment, cleaning, maintenance, and solving problems with the noise, heat, and damage to the environment. 

FAQ

FAQ

2.  What does the term cryptocurrency mean?

Cryptocurrency is a form of currency that is purely digital and exists on the Blockchain. Cryptocurrencies have no physical denominations whatsoever and so can only be held and transferred virtually. To prevent fraudulent manipulation of transaction information, cryptography is used to secure cryptocurrency transactions. 

3.  What is GH/s?

GH/s (gigahash per second) is a unit of measurement of the computer’s (miner’s) computing power. It is used to find out the technique’s speed of performing an operation while using cryptographic code. The current indicator is crucial in calculating income. The higher hashrate, the more productive the technique, the more investor is mining bitcoins. 

4.  Do LetMeCloud contracts have a provision for filing taxes?

Yes, an official document is issued at the end of the contract, indicating the amount of investment and profit, this will allow you to properly prepare a tax return statement. 

5.  What does the profitability of investing in cryptocurrencies depend on?

From the rate at the time of purchase, the rate at the time of sale, and the power of the equipment on which you are mining. We use the highest quality equipment. 

6.  Is my initial deposit retrievable?

Yes, LetMeCloud avails your deposit amount at the end of the year once your contract expires. The deposit amount is only inaccessible before your investment contract expires. If you invest $1,000, you will have about $1,400 profit + $1,000 deposit. The total at the end of the year will be $2560*. 

7.  Are your services available in every country?

LetMeCloud is available for UK residents and all European countries. For customers from other countries, please contact our live chat or email us. 

8.  How risky is investing on LetMeCloud?

Cloud mining has no risks. The only challenge against cloud mining that can arise is regulatory because some nations may prohibit crypto mining. However, even the impact of such an occurrence would be very limited as we have mining farms in different countries and so there is minimal probability of a complete shutdown. 

9.  What will I gain from LetMeCloud and if it's very lucrative, why aren’t many people profiting already?

Most of the people aware of the immensely lucrative opportunity on LetMeCloud are hoarding the information so as to maximize their benefits. Everyone is more focused on growing their investment than sharing the information with others. Therefore, waste no more time and jump in on the wagon and change your life! What LetMeCloud does is essentially leverage economies of scale by pooling resources together, investing it in wisely, and then distributing the profits to our investors. This makes more economic sense than when scattered individuals acquire small crypto amounts and invest it for extremely low returns.  

10.  What is the benefit of mining Bitcoin?

Mining Bitcoin can generate you a lot of revenue. This is because the decentralized nature of the Blockchain relies on a network of miners and validators to work. Therefore, miners earn computing rewards each time they mine new coins. Those who mine more coins using powerful mining equipment earn more Bitcoin to their crypto wallets. 

11.  What are the advantages of cloud mining?

Cloud mining is a good alternative to self-mining and has many benefits. Below you can see just a few of them: Ease of investment. With cloud mining, all you have to do is choose a contract that suits your risk profile, and you are on your way to making good profits. No technical knowledge required. Thanks to cloud mining, you do not have to configure the equipment yourself, carry out powerful ventilation and reliable wiring. Flexibility; When it comes to investments, it is important to have options that are customizable to your personal requirements. That is why cloud mining is beneficial to crypto investors as it allows you to select contracts according to level of risk, potential Bitcoin value, expiry date, and size of investment. This enables you to implement a more targeted investment strategy for optimal returns. Reliability. Managing physical crypto mining equipment is very tedious. This is because you will have to endure inconveniences such as overheating and persistent noise. Mining equipment is also prone to mechanical breakdowns, a fact that really makes mining using them unreliable. Hence cloud mining is a much more convenient solution as it isn't prone to mechanical breakdowns and heating problems. Cloud mining doesn't also produce noise or take up physical space. This effectively makes cloud mining much better for generating income from cryptocurrencies. High rates of return; As a platform, LetMeCloud's network has been optimized to ensure maximum benefits to our users. Therefore, LetMeCloud users can recover their initial capital within a period of six months. Yield rates on LetMeCloud are also adjusted according to changes in the crypto markets. Therefore, whenever prices of Bitcoin go up, our users get to earn extra income. Legal compliance; Many jurisdictions around the world require Blockchain-based enterprises to be legally registered. LetMeCloud is legally recognized and has fully complied with all statutory regulations governing cloud mining platforms. Therefore, our clients are not in any way at risk of contravening legal requirements. 

12.  What is the referral program?

Our referral program essentially acts as a reward system for our users whenever they introduce new users to our platform. Special referral links are generated and then distributed by our users to prospective members on various social media and communication platforms like blogs. Once new participants join the project via the links shared, the "referrer" gets 20% from all the purchases made. 

13.  How to generate a referral link?

Go to “Referrals” in the settings. Then you need to click the Make new link button, key in the title of your referral link and then press “Generate”.