FAQs

• What do transaction fees mean for miners? 
• Does Simple Mining payout my rewards? 
• What happens if my machine goes down?
• Does Simple Mining offer financing? 
• What is Whop? 
• What cards does Splitit accept?
• What to expect after making payment with Splitit
• Why is my Splitit payment not going through? 
• What is Splitit? 
• How to consolidate your UTXOs
• What is a UTXO?
• What is tax loss harvesting?
• What kind of Bitcoin wallet should I use? 
• What is a Bitcoin wallet 
• What is proof of work? 
• What is a blockchain? 
• How does a Bitcoin transaction work? 
• Where can I get crypto tax advice?
• Does Simple Mining KYC its clients?
• Does Simple Mining host L9's
• Can I buy a miner through a third party and host it with Simple Mining 
• Where can I buy a used ASIC 
• Why mine Bitcoin instead of buying it directly