Bitcoin Mining Guide. Mining Rigs Australia The Cryptocurrency Experts. Last updated 28/12/

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1 Bitcoin Mining Guide Mining Rigs Australia The Cryptocurrency Experts Last updated 28/12/2017

2 Update notes 28 / 12 / With recent price changes to Hashflare due to limited availability this document has been updated to include these changes.

3 Your Cryptocurrency Wallet First suggestion is to get a hardware wallet like a device called a Ledger Nano. This allows you to store your currency whether it be Bitcoin, Ethereum or whatever on the device. The benefit of this is that it is less likely to be hacked due to your PC not having current antivirus or malware protection on it. These can be purchased from Ledger -

4 Your Cryptocurrency Wallet There are software wallets like Exodus. But these are recommended only if you can guarantee 100% that your PC is secure. I have moved to the Ledger Wallet as it is an offline storage (cold storage) is much more secure.

5 Purchasing Cryptocurrency You can purchase the currency and own the asset. This is a good thing however the problem is that you only own one or multiple items and it is like owning stocks. If it goes up and you have one you make money if it goes down you lose money. Similar to shares. You can purchase Bitcoin, Ethereum, Litecoin etc from a website such as Coinbase - You will need to verify your personal details and then once verified able to purchase the currency.

6 Through Mining Rigs Australia we are able to supply Mining Rigs purposely built for Ethereum and Alt Coin Mining such as Monero. These rigs start at around the $5500 mark and are built to maximise profit based on the hardware purchased. Whilst these are purposely built machines, there are some caveats: Building or Buying a Mining Rig They consume ALOT of electricity. Each unit runs at about 1200 Watts of power all the time. They run very hot. Each GPU on a typical Ethereum Mining Rig runs at about 70 watts of power / heat. This x 6 rigs is 420 Watts of heat generated 24x7. This needs to be taken into consideration when putting in a house, office or garage. They need to be cooled and in a well ventilated space in order to run effectively. ASIC miners in particularly Antminers, Litecoin Miners are hard to come by. Limited stock is released several times a year, and all the top worldwide cloud mining companies usually have first shot at purchasing this. We have been lucky to get some but even out of an order of 100 units we only received 4.

7 Mining allows you to generate currency by verifying transactions using computing power that is leased. For every transaction that is verified you receive a commission from the transaction fee. Cloud Mining This leased hardware is EXACTLY the same as the hardware you would purchase, except this way you do not wear the risk of hardware failure, maintenance or electricity costs and heat associated with running your own mining rig. This fee for your leased hardware verifying the transaction is sent to your wallet and is yours to keep. However, the leased mining hardware still mines continually day and night until your contract expires. You can also keep adding / reinvesting to this to increase your compute power which in turn increases your return. With the state of Bitcoin at the moment, you can guarantee a ROI (Return on Investment) in under 4 months.

8 We recommend and use Hashflare for Mining due to limited contracts available through other cloud mining suppliers. Cloud Mining

9 Purchasing a Hashflare Contract Sign up to Hashflare using the following link On the left hand side of the screen go to Buy Hashrate Select SHA-256 (Bitcoin)

10 Purchasing a Hashflare Contract Select your spend. Let s use 15 TH/s as an example. This will cost you $3300 USD. However you can select a lesser or more amount as required. This can be done by moving the slider accordingly.

11 Purchasing a Hashflare Contract Select your spend. Let s use 15 TH/s as an example. This will cost you $3300 USD. However you can select a lesser or more amount as required. This can be done by moving the slider accordingly.

12 Select Proceed. Select your payment method, eg Credit Card, Bitcoin and finalise payment. Purchasing a Hashflare Contract Once your payment has been verified you will now have the purchased mining power in your account and will now be mining bitcoin. On the main screen BTC Balance there is an option to Withdraw or Reinvest. The Reinvest option will allow you to purchase more mining power with the funds earnt. This will establish a new contract for 12 months with every new purchase.

13 Select Proceed. Select your payment method, eg Credit Card, Bitcoin and finalise payment. Purchasing a Hashflare Contract Once your payment has been verified you will now have the purchased mining power in your account and will now be mining bitcoin. On the main screen BTC Balance there is an option to Withdraw or Reinvest. The Reinvest option will allow you to purchase more mining power with the funds earnt. This will establish a new contract for 12 months with every new purchase.

14 Hashflare Referral Bonus Note: If you do decide to purchase from Hashflare use the following code at checkout - 1DDC5BB4 this allows us to get a small referral bonus of compute power in return for advising you of how to do this.

15 Hashflare Referral Bonus Note: If you do decide to purchase from Hashflare use the following code at checkout - 1DDC5BB4 this allows us to get a small referral bonus of compute power in return for advising you of how to do this.

16 An example of the ROI is as follows: 15 TH s of Hashrate (Power) is valued at $3300 USD. This is is a one year contract and you can go up to what your budget allows you too. Eg 100 TH s is $22,000 USD. Let s look at the 15 TH s as an example: Purchase Price 15 TH s - $3300 USD. Cloud Mining Return on Investment (ROI) With this contract there is no electricity costs. However a minor maintenance fee of about 2.9% per month. Below is a calculator which will show you what a purchase of 15 TH s will earn you monthly. CryptoCompare Calculator - So technically as of month four you would have earnt $ already meeting ROI. Profit then would be 10 a total of $ from an initial investment of $3300 USD. This is presuming Bitcoin at the current rate. If bitcoin goes to $100,000 then your ROI will be greater.

17 Converting Currency to AUD Any currency generated from mining is yours, and transferred to your wallet. You can then either sell it for cash at a website like coinbase, keep it in your wallet, or convert it to cash / pay bills etc with a website such as

18 Mining whether it be investing in a mining rig or cloud mining involves substantial risk of loss and is not suitable for every investor. The valuation of cryptocurrencies may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of cryptocurrency trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. Disclaimer If the market moves against you, you may sustain a total loss greater than the amount you initially invested. You are responsible for all the risks and financial resources you use and for any chosen systems. You should not engage in mining unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at your own risk. Any content on Mining Rigs Australia should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide what you decide to invest in. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee. Mining Rigs Australia is not responsible for any losses incurred as a result of using any of our strategies. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted

19 Any questions we are happy to have a chat and give you more information. Thank you For the record we are currently actively doing this and have invested my own funds and bitcoin funds into the same information mentioned in this presentation. Please share this with friends and family if they are wanting to get involved. We totally believe in what you give comes back to you in ten folds. So what goes around comes around. All the best