Cloud Mining FAQ
1. What is cloud mining?
Cloud mining is a way to acquire cryptocurrency without needing to run mining rigs yourself. It's meant to be a fixed cost solution: you pay for hash rate and electricity, receive daily settlements, and target steadier coin-denominated yields. This lowers the barrier so anyone can participate in real mining and share the ecosystem's growth.
With cloud mining, users rent real hashrate from remote mining farms via the KuMining platform, and the mining earnings are automatically credited to your account. Compared to traditional mining, cloud mining removes the complexity of buying your own equipment, power management, and maintenance—ideal for users who want steady participation but lack technical expertise or space.
KuMining's cloud mining is backed by live global mining clusters and top-tier vendor-supplied rigs. Simply choose a hash power plan and duration to receive daily earnings generated by managed mining—lowering the barrier for everyday users to join crypto mining.
2. How is cloud mining different from buying coins directly?
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Cloud Mining |
Buying Directly |
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Barrier to Entry |
More flexible payments, lower starting costs. Lock in coin costs by paying for hash power up front and electricity later |
Requires paying the full amount at once |
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Holding Style |
Continuous yields create a steadier, more controlled way to build your holdings over time |
May yield quick gains but requires market timing, constant analysis, and high risk tolerance |
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Cost Control |
Costs (hashrate + electricity) are fixed, making your per-coin cost more predictable |
Market swings can make average buy-in costs highly uncertain |
In short: Cloud mining doesn’t chase short-term price moves; it aims for locking in costs, daily payouts, steadier coin-denominated returns, and a more controlled average acquisition cost.
3. Do cloud mining users bear more risk than hashrate suppliers?
Risks are different rather than greater. Suppliers face operational risks (site operations, miner maintenance, power stability, uptime). Users mainly face the volatility of USDT-denominated earnings driven by coin price swings. To mitigate risk, you can choose to diversify across plan terms and product types.
4. Is there real, physical mining behind cloud mining?
Yes. While some "paper hash power" schemes exist on the market, KuMining's commitment is that all rented hash rate corresponds to real mining machines producing actual output.
5. How do I purchase a cloud mining product?
• Register on KuCoin and complete KYC/KYB.
• Enter the Cloud Mining page, select the coin and contract plan, then click Buy Now.
• On the order page, choose the amount of hash power and the number of days of electricity you wish to prepay, then proceed to payment.
• Review your order details and confirm.
• Pay from your Funding or Trading account balance. After mining starts, daily proceeds are credited to your Funding account per the product's payout schedule.
6. Which coins does KuMining currently support?
Currently Bitcoin and DOGE + LTC (combined mining) are available on KuMining. Future additions will be announced officially.
7. Do I need to complete KYC to participate?
Yes. You must complete KYC before subscribing to and participating in cloud mining products. Please refer to the KYC tutorial for step-by-step guidance.
8. If a product sells out, will it be replenished later? Can I still buy after mining starts?
No, once an allocation is sold out, it is delisted and not replenished. New allocations are then released at a later stage in limited quantities. After mining has started, purchases close and refunds are not supported. Please review your orders carefully.
9. Is there a purchase limit?
Yes, each batch has a personal purchase limit (see order page for more details). To raise your limit, you can:
• Increase your VIP level or KCS Loyalty level
• For further assistance or questions, join our official communities or contact us by email vip@kumining.com.
10. Which mining pool settlement models are used?
• BTC: FPPS
• DOGE: PPLNS; LTC: PPS
Fees & Payments (11–16)
11. What payment methods are supported?
Currently, only USDT payments are available. More currencies may be added later.
12. What fees make up a cloud mining package?
• Hash Power Fee: A one-time rental fee for hashrate. Pricing depends on market conditions and network difficulty.
￮ Calculation: Total Hash Power Fee = Hash Power Unit Price × Hash Power Purchased × No. of Days
• Electricity Fee: The number of prepaid days can be chosen based on the terms of the mining plan. If installments are allowed, remaining electricity must be paid on time during the plan's period to avoid interruptions to the service and your earnings. Note that different cloud mining products may have varying electricity costs per TH/GH due to miner power draw and site location.
Calculation: Total Electricity Fee = Unit Electricity Fee × Hash Power × No. of Payment Days
13. Will my initial funds be refunded when the plan ends?
No. The fees you pay during the term are non-refundable operating costs for renting hash power, electricity, site facilities, and maintenance provided by third-party suppliers. Your subscribed hashrate corresponds to real mining; and daily earnings are generated by your share and credited in the payout coin.
14. What if I stop paying for electricity?
If electricity payment lapses, that day's earnings are not paid. Once repaid, the plan resumes and past/future earnings are settled per normal rules. If electricity remains unpaid when the term ends, missed earnings due to non-payment will not be compensated.
15. How do I renew or top up electricity?
In your running orders, select the order needing electricity. You can pay per order or in bulk. You can also enable auto-deduct from earnings to avoid missed payments.
16. How is electricity deducted if auto-deduct is not enabled?
• If you prepaid and did not enable auto-deduct:
￮ The system deducts daily electricity from your prepaid balance first.
￮ If prepaid balance is insufficient, that day's earnings are not paid. Once you top up within the term, the system backpays the withheld earnings.
• If you did not prepay and did not enable auto-deduct:
￮ That day's earnings are not paid. After you pay within the term, the system backpays the earnings for those days.
Tip: To keep daily payouts uninterrupted, maintain a sufficient electricity balance or enable auto-deduct.
Mining Rewards (17–22)
17. Do I need to set up anything else after ordering? How do I view my earnings?
No extra setup is needed—just wait for the start date. Throughout your purchased term, you'll receive daily earnings viewable in your KuCoin Funding Account. The payout time is T+1 by 24:00 (UTC+8)—the previous day's earnings are paid by the end of the next day.
18. How are earnings calculated?
We provide static estimates under the assumption that network difficulty and block rewards remain unchanged:
• Estimated Static Yield = Assumed Crypto Price × Current Network Earnings × Order Hash Power
• Estimated Static Yield Rate = Static Earnings ÷ Total Cost, where:
• Total Cost = Hash Power Fee + Total Electricity Fee
Note: Estimates can be made based on your purchased hash power and plan duration. When in doubt, refer to the product page. Estimates are for reference only. Actual yields will vary with market and network conditions.
19. Why might actual earnings differ from estimates?
Due to network difficulty adjustments, coin price swings, mining pool luck, and other factors, the actual earnings generated will vary.
20. Are earnings paid in BTC or DOGE + LTC?
Yes. Based on your order type, daily earnings are settled and paid in BTC or DOGE/LTC, insulating the payout unit from price swings throughout the day.
Note: Your earnings are coin-denominated, but purchases are paid for in USDT. Ensure sufficient USDT balance in your KuCoin account to avoid missing an allocation sale window.
21. What happens in the event of a power outage or maintenance?
If hashpower becomes temporarily unavailable due to routine maintenance or unexpected power outages by third-party service providers, no earnings will be generated during this period. Earnings will be delayed accordingly, and the contract period will be extended by the same number of days. Please refer to platform announcements and notifications for specific details, and stay updated with any related information.