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Announcement

Help Center>

BNQ Destruction Mining Process Introduction

X林熙

Updated at: 8 months ago

Dear BitNasdaq Community!

The BNQ Mining process in simple, where BitNasdaq has made it easy for anyone to start mining today! Let's break down the BNQ Mining process, so that you can start earning daily BNQ rewards.

Step-By-Step Mining Process

  1. Purchase a Mining Machine: Start by purchasing 1 Mining Machine, which is an essential tool for daily BNQ Reward via Mining.

  2. Buy Burn BNQ Tokens: Use your remaining funds to purchase BNQ tokens. Burn these tokens to receive Hashrate. Remember the more Hashrate you have the bigger the Mining Rewards.

  3. Maximize Your Hashrate: Each Mining Machine can support up to 200 USDT worth of Hashrate, meaning you can burn up to 200 USDT in BNQ tokens. Machines operating at full Hashrate are more efficient.

  4. Full Investment Return: A fully loaded Mining Machine typically recovers its cost within 4 to 6 months through daily mining rewards.

  5. Understand the Reward Formula: Your daily mining reward is calculated as Daily Mining Rewards = (Your Hashrate / Total Network Hashrate) x Daily Mining Output

  6. Mining Time, T+1 Model: Mining begins 24 hours after Mining Machine activation and Hashrate purchase. Every day at 00:00 UTC, rewards are calculated and distributed.

  7. Start Experiencing Mining: Mining starts with experience, Mining begins with a trial phase, where test miners get a chance to claim daily rewards before expanding their investments, saving money first. Our goal is for everyone to save money!.

  8. BNQ Mining Is Built to Last: Mining Machines and Hashrate are permanently valid, meaning you can mine indefinitely and generate continuous passive income.

BNQ Mining offers a long-term opportunity to earn daily BNQ Tokens and to participate in a sustainable, and growing mining ecosystem. With a clear roadmap, referral incentives, and a sustainable model, it's designed to benefit crypto users.

Start mining today!

Here are more of the frequently asked question by our BNQ Miners:

  • Why is the Hashrate price decreasing daily?

To attract new users and maintain a sustainable economy, Hashrate prices are reduced by 0.5% daily. This lowers the entry barrier and brings in more participants, boosting demand and eventually raising token value.

  • Why are my daily rewards decreasing?

As more users join and total network Hashrate increases, your share of the daily output shrinks, unless you increase your Hashrate. Despite this, the return on investment period remains unchanged. More network Hashrate means more BNQ is being burned, a bullish signal for the token's price.

  • Which is more profitable, holding BNQ or mining?

Mining is more profitable. Hashrate is a permanent asset, while token prices fluctuate. If you own a Mining Machine, always try to keep it running at full capacity for maximum returns.

  • What are the requirements to build a node mining pool?

To establish your own node pool, you must:

  • Directly refer 5 miners, each burning at least 100 USDT worth of BNQ.

  • Personally own 5 mining machines.

  • Build a team owning at least 20 mining machines, including your own.

  • What are the benefits for Ordinary Miners?

There are incredible benefits for Ordinary Miners, which includes:

  • 20% Hashrate bonus for direct referrals.

  • 5% Hashrate bonus for indirect referrals.

  • 2U reward for each miner you invite.

  • What additional benefits do node pool owners get?

All the benefits of regular miners, include Pool rewards:

  • Node Pool: 1% total network BNQ rewards

  • Hive Pool: 2% total network BNQ rewards

  • Super Pool: 3% total network BNQ rewards

  • All pool miners get: 0.5% of the entire pool's Hashrate.

  • 2U reward for every machine purchased through your referral.

  • When does mining begin after burning Hashrate?

    Mining starts under a T+1 model, 24 hours after your Hashrate is activated. Mining rewards are distributed daily at 00:00 UTC.

    Sincerely,

    The BitNasdaq Team

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