FAQ

FAQ

Q1. WHAT IS BTC NETWORK AND BTC?

BTC Network is a new blockchain innovation for users to earn BTC, a cryptocurrency that you can mine on your mobile phone. In order to make BTC valuable, BTC Network is specially designed as a network consisting of genuine people which fosters players to earn bitcoin for get their goods, service and other needs.

Q2. WHEN CAN I WITHDRAW BTC?

You cannot withdraw BTC yet in Phase 1. BTC Network is providing withdrawals under 6 months of project commencement if they will reach out to their user's milestone. Refer more friend to earn more and get more users to use our app. So, we can make this option enable before 6 months. Bear in mind that it takes time and a collaborated effort to build the value of Bitcoin and the ecosystem of BTC Network, if you are looking free money with minimal effort, then BTC Network is the place for you.

Q3. WHAT IS MINIMUM WITHDRAWAL AMOUNT?

It is not fixed now. It might be between 50,000 – 2,00,000 Satoshi. It will be depend on the number of users when we will launch withdrawal options.

Q4. WHAT DOES IT COST TO EARN BTC? DO I NEED TO PAY ANY MONEY?

You do not have to pay any money to join BTC Network and earn BTC. However, it does not mean BTC is given for free. To make BTC Network’s experience fun and rewarding, we strive to build a network of genuine people, foster interaction between players in real life and encourage players to exchange, services or goods in real life with BTC balance. Hence it takes your consistent commitment to make contributions to the community and BTC is your reward. The least you can do is to log in on a daily basis and activate a new mining session.

Q5. WHAT IS THE GROWTH POTENTIAL IN BTC’S VALUE?

Bitcoin is now trading at over US$ 60,000. As it takes less time and a collaborated effort to build the value of BTC and the ecosystem of BTC Network. The more active people using BTC to mine cryptocurrency, the more value it gets.

Q6. WHY IS THE MINING RATE LOW?

In order to ensure the stability of the price of BTC and prevent any negative fluctuation common among cryptocurrencies, cutting supply (or known as ‘halving’ in the cryptosphere) is imperative to maintain the supply and demand chain of BTC. By reducing the BTC supply, BTC Network can maintain the scarcity of BTC tokens to secure the value held by our BTC Network users – including you. Take Bitcoin for an example. Halving is a common occurrence that happens roughly every four years to the world’s biggest and most valuable cryptocurrencies, and the price of Bitcoin actually rises with each halving event that has occurred.

Q7. WHAT IS THE CONTEST?

We have added contests into the app for users to earn more BTC by participation in it. We are providing hourly, daily, weekly, monthly contests with minimal entry fee. We announce winner based on the random generator and anyone can win it. You can make one entry and win also if you have good luck 🙂

Q8. DOES THE APP DRAIN DATA OR BATTERY?

No, the BTC mining app does not eat up your data or battery, as the algorithm runs on cloud server. You do not need to leave the app open to mine. BTC does not affect your phone’s performance, drain your battery, or use your network data continuously. You have to open the app each day and activate your 24 hours mining session with single click, you can even close the app and you are able to mine continuously.

Q9. WHAT ABOUT YOUR SUPPORT TEAM?

If you have any query, feel free to write it on support@btcnetwork.in. We will get back to you within 24 to 48 hours.

Q10. WHO IS A MINER?

A user of the BTC Network mobile app who is simply confirming that they are not a “robot” on a daily basis. This user validates their presence every day as they must open the app every 24 hours to be able to continue earning BTC for free. A Miner can earn the base rate of 2 BTC per hour, which cut down to 1, 0.5, 0.25, 0.20, 0.15, 0.10 and 0 according to the growth of user base. By logging into application every 24 hours and clicking the mining button, users are participating in the gamified experience.

Q11. WHAT IS THE UPGRADE?

The upgrade within the BTC Network is a gamification functionality by which members of the BTC Network can increase their BTC balance on daily basis.

Q12. IS BTC NETWORK LEGIT?

BTC Network mining app is the legit app and has all rights to do take action in near future.