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The Expert Asic Trade mining pool is operated by the Norwegian company Aesir Financial AS.
Expert Asic Trade began as an idea for a more user-friendly graphical bitcoin mining client. At the time mining software used a command line interface and most people don't even know what that is. Work on Expert Asic Trade began in March 2015. Later it turned into a complete mining pool.
Expert Asic Tradeer went live 26 June 2016.
The story of Expert Asic Trade started at the end of 2015. Our founders got to know each other by using the same platform for buying and selling Bitcoins. They were fascinated by the technology and wanted to build their own farm, only to realize all their friends wanted to participate as well.
They came up with the idea of mining as a service and built the first mining farm in Eastern Europe. Since our founding, we have grown tremendously and a lot has happened, but one thing remains constant: We are all strong believers in the future of digital currencies and we love being part of this growing community.
What we do is that we have a set of machines called miners which generates bitcoin and when you invest with us we use your money to invest in electricity and maintenance to keep these machines running on 24/7 for 365 days a year, then we give you daily profits from the bitcoin that the machines produce ....
Basically we have over 7 mining farm/pools( containing over a thousand s15 ant miners)which individually produces a stipulated amount of bitcoin daily. This is in the sense that every mining farm/pool produces according to a certain plan, there is a farm/ pool for the starters plan where the cost of maintenance isn’t that high therefore it produces per cost rate and same way for the processing plans.
So each farms cost differently in the maintenance and the powering of the miners to produces more bitcoins daily. Hence leading to the difference in the plan prices and the daily profits rate for higher plans at a higher percentages!
Besides the fact that we ourselves mine with the very same hardware that we offer to our clients, our capital is limited. We believe that Bitcoin and Etherum mining is one of the best ways to receive Cryptocurrencies, however, we do not want to “put all our eggs in one basket”.
It is always possible that mining hardware crashes, slows down or completely breaks. In all these cases, our algorithms ensure that other miners are allocated to the relevant pools to fully compensate for possible hashpower loss. This way our clients will not lose a second of mining time so whenever the blockchain our mining services encounter any difficulties we make sure it doesn’t affect investors/ clients mining services.
For security reasons, we do not disclose the exact location of our mining farms. As of 2016, we are operating several mining farms that are located in Europe, North America and Asia. Electricity cost and availability of cooling are important, but not the only criteria as there are various other sacrosanct criteria that were considered!
We do not publish a list of pools we are using. Our main criteria for a good pool are: reliability, fee structure and reject rate.
Our internal policy is: “be a good crypto citizen”. This means, that we will at least use two different pools (in some cases we use up to four) for each coin. This is to preserve the decentralized nature of the crypto networks! If we become aware that a pool is getting close to 50% share, we will switch away from it and use a backup instead.
On the first glance one might think that buying miner X is slightly cheaper than hosted mining. However, there are a number of “hidden” costs related to purchasing and maintaining a miner that change the economics significantly:
You are able to mine Bitcoin and Etherum directly via our mining allocation page*. The availability of cryptocurrencies you can mine depends on the contract you have chosen. You must allocate your hashpower in order to determine the cryptocurrency received for your mining output. If no allocation has been made, the mining output will be default. (*) “Expert Asic Trade Allocation” allows you to get mining outputs in both coins even if they are not mined directly by a certain algorithm. For example, you can get mining outputs in BTC while mining with an X11 algorithm! That is possible by mining the DASH coin directly, which is then automatically swapped to BTC by our algorithmic framework. The Allocation function is designed for customers to receive delivery of their mining results in their preferred cryptocurrency. We call it “mining BTC the smart way”. The same technique is also used to get mining results in ETH with a SHA-256 contract, etc.
Expert Asic Trade allows its clients to mine different types of coins at the same time. You decide which coins you prefer and you can allocate hashpower accordingly. Each mining algorithm is set up with a default delivery cryptocurrency. The Expert Asic Trade Mining Advanced Auto-Allocation (in short “AUTO”) will apply to all cryptocurrencies which cannot be mined directly. In order to get the mining output, please ensure to add your wallet address(es) to your Expert Asic Trade Find out more details about how to add your wallet(s) in the next section.
Most cryptocurrency protocols utilize different proof-of-work mining algorithms to enforce their blockchain rules. Please be aware that blockchain developers may make changes to features and specifications of the algorithm over time, which can result in the elimination of support for and/or a different use of chips utilized by Expert Asic Trade Option. You can find more information about that in the Terms of Service before purchase.
The expected returns on each plan you chose to invest in are clearly and correctly calculated in every contract you purchase respectively!!!
The results of cryptocurrency mining highly depend on the price and the network difficulties of the given cryptocurrencies that you are mining. Neither of those can be predicted, so each customer must make an independent decision about the benefits of cryptocurrency mining and, in doing so, should consider the risks and their own circumstance when choosing whether to mine.
Some of our products have a maintenance fee attached. The maintenance fee covers all costs related to mining inclusive of:
The fee is fixed in USD but deducted from the monthly mining rewards in the natively mined coin on a monthly basis. You will find the maintenance fee details of your chosen contract in the Terms of Service before the purchase.
We currently only accept payment by Bitcoin because our main goal is to overcome the power of banks and make bitcoin the order of the day and bitcoin has unlimited purchases per day!
Although we’re working on getting credit card payment available for investors too.
You can add your wallet address when registering your account but if you’ve already had an account before having a personal wallet, you can add it by updating it on your profile which you can access at the top right corner of your account.
Mining outputs are generated daily, but every plan has a specific limit to their withdrawals.
A mining day usually starts at 00:00 UTC and ends at 23:59:59 UTC so your miners will mine for you 24 hours a day and act exactly according to your settings.
When you purchase an Ether mining contract, you buy a share of a GPU (“graphics processing unit“) to mine Ethereum. The hashing algorithm used to mine Ether is called Ethash (or Dagger-Hashimoto).
Ethash requires the so called DAG file in order to perform the calculations. This file grows over time, which means that more operations for each hashing operation need to be performed. This means that the effective hashrate decreases a little each time the DAG file grows.
This has to be considered when comparing the theoretical output of your hashpower. Online calculators do not take this into account.
Referrals aren’t compulsory but when the company goes on any promo/raffles and all your affiliates stands as merit points.
You can visit our blog to learn more about us!
Customer service is our highest priority! Making decisions is not only about having a good feeling but also about understanding the business concept in detail. Therefore, if you need any help, our agents are always available to assist you.
Feel free to contact us anytime via the livechat team. The quality and promptness of our response also depends on the request you have submitted, please make sure to choose the right questions.
We are looking forward to hearing from you.
It’s simple - anytime your referral uses your affiliate code, they’ll get a 3% discount on their purchase, and you’ll get a hashpower upgrade. The upgrade corresponds to your current affiliate rank - the higher your rank, the bigger the rewards! You’ll be notified by your registered email anytime someone uses your affiliate code.
Promo codes can be used for the purchase of all Expert Asic Trade plans, with the exception of 6-month mining plans.
We have been in the mining business since 2015 and officially on 2016, which is unique in the cloud mining business. We’re one the most reliable companies, and we are very serious about the business we’re in.
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