Got Questions? Some of your questions have been answered here.
WHAT IS CLOUD MINING?
Cloud (or remote) mining – is the process of using hardware power to mine cryptocurrency (such as Bitcoin or Litecoin) remotely. This mining model came to existence due to the fact that the increasing difficulty of mining has made it unprofitable for mining enthusiasts to mine Bitcoins at home. Cloud mining gives people a unique opportunity to begin mining cryptocurrency without the need for a large initial investment in hardware or technical knowledge. Despite the simplicity of the cloud mining model, it is worth elaborating on a few details, specifically it’s important to highlight that remote mining comes in two forms: hosted or cloud based mining.
REMOTE HOSTED MINING The first form of remote mining is remote hosting. This model suits users with a high level mining experience and know-how and who require a high degree of control over their mining hardware. Under this model, the mining hardware is hosted in a remote datacentre and the user assumes full control over the setup and configuration of the mining hardware. Under this model, the miner pays a fee to the hosting company that would cover maintenance and electricity costs. This helps the miner handle the risks associated with maintenance of the kit as well as any risks with the shipment of the hardware. On the other hand, it presents the miner with risk on the initial hardware investment and requires much more time and technical knowledge to implement successfully. It can therefore be summarised that the benefits of remote hosted mining are tight control over the mining process, maintenance support and subsequent ownership of the hardware. The big drawbacks are risks associated with the procurement of expensive hardware and the very high cost of entry, both in terms of investment and technical experience.
CLOUD MINING The second, and more accessible model of remote mining is Cloud Mining, whereby a miner purchases a part of the mining power of hardware hosted and owned by a Cloud Mining services provider. The service provider takes on configuring the hardware, maintaining uptime and selecting the most efficient and reliable pools. This option provides a range of benefits: instant connection (meaning no hardware shipment wait times and delivery risks), fixed maintenance and electricity fees and no nuisances associated with mining at home such as noise, heat or space. Another key point is that this model of cloud mining requires no technical experience. Obviously, it’s very important that miners understand the mining process, however this model doesn’t require hardware expertise or significant configuration / implementation cost. Since customers can purchase any amount of mining power they wish, this means that the level of investment will depend only on the miners’ ambition. This means that the cost of entry and subsequent risk is far lower than in comparison with the remotely hosted model. Triple Penny is happy to be offering its new cloud mining services range. We guarantee an instant connection, around-the-clock access and monitoring, an easy-to-use management interface, 24/7 uptime as well as daily payouts. CLOUD MINING IS GREATLY SUITED FOR NOVICE MINERS WHO WOULD LIKE TO TRY OUT MINING AND EARNING CRYPTOCURRENCY AS WELL AS SEASONED MINERS WHO DON’T WANT THE HASSLE OR RISKS OF HOSTED OR HOME-BASED MINING.
WHAT CRYPTOCURRENCIES CAN I MINE WITH YOUR SERVICE? Triple Penny provides cloud mining on the following algorithms:
SHA-256, which is used to mine Bitcoins;
Scrypt, which is used to mine Litecoins;
ETHASH, which is used to mine Ethereum;
X11, which is used to mine DASH.
*Payouts are provided in ANY Crypto of your choice ranging from BTC, LTC, ETH & DASH using the current exchange rate taken from Coinmarketcap.com.
WHO CAN JOIN OR INVEST WITH TRIPLEPENNY?TriplePenny Inc is open to everyone of legal age to make investments and financial decisions for themselves. You are responsible for making sure that you comply with local laws.
I HAVE NEVER INVESTED OR TRADED ANYTHING BEFORE, DO I NEED EXPERIENCE?Zero experience is required! TriplePenny services are geared towards people who have never traded, mined or know very little about trading. After all, isn’t it better left to the experts?
HOW DO I REGISTER? You can register on the site by yourself, wait for your account to be verified by the management, you can go ahead and make your deposit after your account has been verified.
HOW DO I MAKE MONEY HERE? You make money by depositing in one of our account that pays you biweekly or monthly basis. It works like having a certificate of deposit or savings account, but instead you earn a percentage of your deposit without having to work of it.
WHAT ARE THE ACCEPTABLE PAYMENT PROCESSORS? At Triplepenny, we do everything possible to simplify the interaction with the service and make it secure at the same time, thus we chose the most reliable ways for safest and fastest money transactions. You may either use your credit card, check deposit, perfect money, bitcoin or bank wire the funds which is found on the Deposit section after creating an account.
HOW DOES DEPOSITS/WITHDRAWALS WORK?
Deposit:Use the account tab to locate details of our bank accounts. Simply transfer or wire the money to one of our bank accounts and notify us of the amount transferred by submitting the online form confirming the amount deposited as well as indicating which of our bank accounts received the funds. Or simply send your payment slip to "email@example.com” Our admin will promptly check the bank account and credit your TriplePenny Crypto account.
For security purposes, all withdrawals are processed manually.
Please note: Withdrawal requests are processed Monday to Friday. U.S.A transfers typically take 2-3 working days to be processed and delivered depending on your bank and their own processing procedures. International bank wires can take 5-7 working days to receive, again depending on your bank and their own processing procedures.
When you request a withdrawal of crypto currency, you will receive an email with a link that must be clicked on to verify the request. If the email link is not clicked within 10 minutes, the withdrawal request will be reversed and your account balance is readjusted. We do this for security reasons. If you can not locate the email, please check your spam folder.
Use the account tab to complete the online form so as to enable you send Bitcoins to your wallet or to another user. Simply type in the Bitcoin address you want to send them to along with the amount and submit. For security purposes, all transfers are processed manually.
BTC withdrawals are generally processed automatically without delay; however large withdrawals may require manual intervention. Manual withdrawals are usually processed within 6 hours of the initial request.
CAN I WITHDRAW WITH ANY PROCESSOR? Yes, withdrawal can be made through any of our accepted processor. Update your profile with the new withdrawal processor to be used for next pay-out.
CAN I COMPOUND MY EARNINGS INSTEAD? Yes, you can compound your earnings. Just choose "compounding" while creating your account. You can also decide to compound after you have selected biweekly or monthly withdrawal by sending an email to our support firstname.lastname@example.org to start compounding your profits.
WILL YOU TEACH ME HOW TO MINE OR TRADE? Triplepenny doesn't offer such services, but our account managers/analyst can decide to do that on their own.
WHAT FEES AM I TO PAY? You're directed to pay the brokerage fee according to your plan or package as they vary , that and nothing else.
WOULD I NEED TO PAY THE FEES UPFRONT? No, the fees would be deducted from the funds deposited for your choice of plan.
WHAT IS THE MINIMUM DEPOSIT? The minimum that you can deposit is $4,000. There is currently no maximum amount you can have in your investment account.
WHAT IS THE SUCCESS RATE OF TRIPLEPENNY? The success rate of TriplePenny is dependent on the investment plan of our investors. The more capitals we have to trade with, the more success we have
How long does the contract last? SHA-256 and Scrypt Contracts last 1 year(365 days) and are subject to maintenance and electricity fees (MEF). Renewable on annual basis.
ETHASH, EQUIHASH and DASH contracts last for 1 year (365 days) and are not subject to any fees.
HOW LONG HAS TRIPLEPPENNY BEEN IN BUSINESS? We have been in existence since 2010 making profits.
HOW MANY INVESTORS DOES TRIPLEPENNY SERVE? We have over 30,000 Registered members.
WHAT HAPPENS TO MY PRINCIPAL/DEPOSITS? The fund is yours- You can do with it as you please, but then you are asking to have your account shut down. But if you wish to, there is a 60- calendar day lock-in period. After the first request, which would be used to trade in the money to recover your funds. Afterwards, you can ask for all or some of your money if you need it.
WHAT SORT OF GUARANTEE IS AVAILABLE? As in every financial organization of this nature, there is no guarantee but we can confidently say that we have given our clients a minimum of 40% profit & more on a monthly basis.
It won’t change as a result of you joining TriplePenny services. “ALWAYS STAY POSITIVE”
No representation is being made that any account or strategy will or is likely to achieve profits, losses, or results like those discussed, if any. Past performance does not guarantee future results. Each investor should evaluate their own ability to invest and incur any potential losses. Do not invest money that you cannot afford to lose, such as borrowed money, rent money, food money, etc.
CAN I HAVE ACCESS TO MONITOR MY INVESTMENT? At TriplePenny Inc our clients get full access to their managed investment account with a secure username and password which is chosen by the investor on opening of an account with us. With these credentials Investor can monitor the progress on their account.
DO YOU OFTEN REFER BONUS TO ME? Yes. If you introduce TriplePenny to a person or friend, we issue a percentage referral commission prior to the Investment plan chosen by the CLIENT\ INVESTOR
DO I HAVE TO BE PAID MEMBER TO MAKE COMMISSIONS? Yes, commission are available only to paid members . You cannot claim a referral bonus for anyone unless you’ve made a deposit to TriplePenny Inc.
WHAT DO I HAVE TO GAIN WHEN SOMEONE REGISTERS UNDER MY AFFILIATE? You’re entitled to 5% to 10% on all your referrals deposits, depends on the investment plan.
WHEN WILL I GET MY COMMISSIONS? Usually we pay-out all commissions every Friday, or an option to push into your investment capitals.
WILL I EARN PROFITS AFTER MY INITIAL CAPITALS HAS BEEN WITHDRAWN? No! Your income depends solely on the amount of your capitals invested. If your balance is $0.00, you will make up to 50% of $0.00 which is zero.
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