Why we need hashrate transfer?
Hashrate is a measure of the processing power of the Bitcoin network. The speed means the efficiency of computer (CPU) calculates the output of the hash. Mining BTC consumes a lot of hashrate and related resources, for example, miners, mining farm, power, maintenance and so on. Later, cloud mining is gradually emerging. Users purchase cloud hashrate contracts through cloud platform, and the platform distributes profit to users by running miners.
The purpose of hashrate transfer function in Poolin is to provide a platform for users to negotiate and purchase hashrate privately, and Poolin does not charge any fees during the transfering process.
How to set hashrate transfer?
At present, hashrate transfer only supports Bitcoin (BTC).
1. Login to poolin official website poolin.com - Mining Pool - Dashboard - Mining Management - Setting - Hashrate Transfer - Set amount of transferred hashrate in sub-account according to the requirements (to ensure profits of both parties, the maximum transferred hashrate does not exceed 90% of the original hashrate).
2. Set verification code - Hashpower transfer is completed successfully (the hashrate transfer effective / expiry date is calculated according to UTC time, that is, Beijing time = UTC time + 8 hours).
1. Can we modify / cancel hashrate transfer order?
In order to ensure the interests of the transferor and the transferee, Poolin does not support any modification (including cancellation) of the submitted hashrate transfer orders (including non-effective orders).
2. How to deal with network / power outages during hashrate transfer?
After network / power outages are recovered, Poolin system will recover hashrate transfer in about 1 minute.
1) If the power outage / power failure affects all mines and transfer account has no hashrate temporarily, hashrate transfer will be suspended (loss of hashrate needs to be resolved by the user through negotiation).
2. If the power outage / power outage affects some miners, the remaining part of hashrate will be given to transferfee in priority (loss of hashrate needs to be resolved by the user through negotiation).
Example: User A has 100T hashrate and wants to transfer 60T hashrate to User B. User A experiences network / power outages, and only 50T of effective hashrate remains. The system will give transfer priority to 50T hashrate to User B. During this period, the loss of 10T hashrate for user B needs to be resolved through consultation with user A.
3. From which mining machines are the computing power transferred?
Hashrate transfer According to the operating conditions of the mining machine, computing power is transferred. It is not possible to designate a mining machine for transfer. If you need it, please set up a separate account and set the mining machine for notes.