FAQ - BitMyner
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What is "BitMyner"?
BitMyner is a browser based miner for cryptocurrencies.
How does "BitMyner" work?
BitMyner uses the computational power of your device to mine Monero (XMR). As compensation you get paid in a currency of your choice.
How does mining work?
Mining is the process of computing and solving hashes for transactions in the Blockchain. When a transaction is sent through the Blockchain, a fee has to be paid. This fee is then paid to the miners which provide their computational power.
What do I get paid?
You get paid in a currency of your choice and to a wallet of your choice which is bound to FaucetHub, a microwallet processor. The payout amount depends on the number of solved hashes which can be looked up in the tab "Balance". The payout rate is automatically adjusted to the market prices of Monero (XMR) and the currency you chose to mine. When you reach the minimum payout, you can request a withdrawel to FaucetHub.
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