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Frequently asked questions.

• If it is that easy why are you not doing it yourself?

  We do mine for cryptocurrency using the same algorithms that we offer to you and we strongly believe that cryptocurrency mining is a great way to make a profit. That said, we are a very new company and therefore our own capital is limited, and while we do mine, we also plough a high percentage of profits back into our company as we believe that cryptocurrency is a business venture that can stand the test of time.

• What currency can I mine?

  You can mine several different cryptocurrencies with our software. Bitcoin is perhaps the most well known of these, but if you would prefer the option of mining another less well-known currency in the hope it will grow in the same way as Bitcoin has then that is possible. Your wallet will show profits in BTC (Bitcoin) as a default setting. This can be changed if you wish. This means you can mine for one currency, for example you could be mining for LTC (Litecoin) but have your pay out in Bitcoin or vice versa. We are adding new cryptocurrency all the time and so you can opt for any that we have available at that time.

• Can I only mine for one currency at a time?

  You can mine several different cryptocurrencies with our software. Bitcoin is perhaps the most well known of these, but if you would prefer the option of mining another less well-known currency in the hope it will grow in the same way as Bitcoin has then that is possible. Your wallet will show profits in BTC (Bitcoin) as a default setting. This can be changed if you wish. This means you can mine for one currency, for example you could be mining for LTC (Litecoin) but have your pay out in Bitcoin or vice versa. We are adding new cryptocurrency all the time and so you can opt for any that we have available at that time.

• Would it not be cheaper for me to buy my own hardware?

  Simply put, no it wouldn’t. When you consider not just the cost of purchasing all the equipment needed but also the shipping fees, customs charges, the cost to set up the system and keep it maintained and your additional energy costs then it all adds up to a hefty amount. If you have the bank balance to over all these costs and the space to set up the equipment then yes, why not? However, the vast majority of us do not have the money or time to do this. Using a service such as the one we offer at Splitt is probably one of the most cost-effective ways to mine cryptocurrency.