08/06/2014. Interview with the Admin of MinerTechnnologies

Hi everyone! If you’re expecting the regular news updates from the online HYIP industry then OK, there’s going to be two updates on MNO today so I’ll be back later on this evening with all of that. To start things off for today however I have something a bit more unusual that may or may not be of interest to some readers, it’s up to you to decide and take it or leave it as you please. Longer term readers will know that occasionally over the years I’ve had interviews with people other than just HYIP admins, running genuine businesses. Programmers, payment processors, script writers, e-currency exchangers, and so on. Today then I have for the first of two updates an interview with the owner of a website called MinerTechnologies.

I’m going to let the owner explain what it’s all about in his own words as I also need to make if clear that MinerTechnologies is NOT verified or endorsed by myself and I have no personal experience using them or their products. What you are about to read, should you continue, is entirely a paid advertising feature and paid for by the website owner who contacted me first asking for it. If you have any further questions or comments about this I would please ask you to direct them at MinerTechnologies and not me, as I am unable to help you. I neither endorse their product or vouch for the service they provide. As is the case with any online business, it’s the duty of the buyer to independently research and evaluate the seller before handing over any money, “caveat emptor” as they say, so just make sure you know what you are doing and who you are doing it with in advance. So let’s hear from MinerTechnologies and see what it’s all about.

“1. Hello Jonathan, please introduce yourself to the readers of MNO, and tell us what your job title is. What is your background, what kind of qualifications do you have, and what is your experience?

Hello, my name is Jonathan Barlow and I am the CO of company called MinerTechnologies Limited. We are a company engaged in the sale of mining servers and cloud and mining. All of this began with the observation of the market, which is still a lack of this type of companies.

2. Can you explain to anyone who’s never heard of it before, what exactly is a crypto or e-currency? Give us a brief history of these and tell us how they work. Of what practical use are they really in the day-to-day life of regular people?

Cryptocurrency is a distributed cryptographic accounting system based on cryptography that stores information about the ownership of the contractual undertakings. The ownership is associated with each node of the system (“portfolio”) in such a way that the control of the portfolio had only the holder of the corresponding private key, and it was impossible to double edition of the same entity. It’s better to use e-currencies and cryptocurrencies in the Internet, because it is faster and easier way to pay via Internet with these currencies.

3. More specifically, tell us what is BitCoin. Give us a brief history of their operations and how it can be used. We know there’s probably a limit to what Governments and financial authorities can do to control BitCoin itself, but a lot they can do to regulate the businesses and individual bank accounts that accept it. So is there any real long term future in it?

Bitcoin is a cryptocurrency introduced in 2009 by a person ( or group of people ), nicknamed Satoshi Nakamoto. The name also refers to using the open source software, and peer-to -peer, which is molded. Bitcoins can be stored on a personal computer in a file kept in a wallet or operated by third parties outside services involved in the storage of such portfolios. In each of these cases Bitcoins may be sent to another person via the Internet to any holder of Bitcoin address. Each Bitcoin is divided into 100 000 000 smaller units called often “satoshi”.

Unlike in the case of most currencies, Bitcoin doesn’t rely on the trust of the issuer with respect to the central bank. Bitcoin uses a decentralized database, the spread between the nodes of a peer- to-peer storage transactions and cryptography to provide basic security functions, such as making sure that Bitcoins may be issued only once by a person who has at any given time.

4. Explain what BitCoin mining is then. What is it, what does it involve, why does it need to be done, and how do people participate?

Bitcoin Network is a decentralized network that is based on P2P topology, namely the user to the user. There is no central server that would control the correctness of the transaction, because the whole system is based on computing power any user on the network. To perform a transaction, user A gives up ownership bitcoins adding to their user B ‘s public key and signed by its own private key, and then announce their surgery done in P2P networks. Network validates used in the transaction digital signatures and the number of coins in front of her acceptance. Any user that provides the processing power of your computer, through which it is possible to perform the transaction, is winning new bitcoin coins. These coins come from the voluntary commission of transfers made by other users and from the pool of all 21mln coins to be excavated until 2033. In short, ” mining”, or otherwise digging, the generation of new coins to the needs of the entire system, thanks to the computing power of your computer system used to encrypt the transaction. Generated new digital coins can be exchanged for the buck in the stock market or other traditional currency.

5. How can people make money from BitCoin mining? What do they need to do, and how profitable can it be? Isn’t it a relatively small amount of money to earn from what is a very complicated and time consuming process?

For providing the computing power of each user is rewarded with new coins. However, there is nothing for free, the computer that performs calculations working under maximum load and thus draws more current than during normal use. In addition to the amount of generated coins was clearly felt need of many excavators and it involves large investments. For those who have access to free electricity is a great investment usually returns after a few months, those who pay for electricity and have high tariffs should perform calculations for them or is it cost effective. The main criterion is profitability BTC course, but you should note that the rate is variable, and the time of the excavators investment may not yet be profitable but looking at the long term it can quickly turn to.

Difficulty affects the profitability of production which depends on the amount of computing power in the network, the greater the greater difficulty as well. The Bitcoin network can clearly see some trends. The upward trend when increasing the number of miners until the digging will begin to be uneconomical due to the high difficulty was caused by a large number of diggers and a downward trend, which begins at the time of the reduction in the number of miners and thus reduce the difficulty, until the difficulty will be low enough that digging again become very profitable to begin to the next trend. Sometimes you may find that digging is the most cost-effective due to the low rate leaves a significant proportion of the miners and greatly decreases the difficulty, then stored at low cost coins can be sold in the future when the rate goes up, of course, assuming that we are able to take the risk.

6. Tell us now about your website, MinerTechnologies Ltd. What do you do, and what are the products you sell? How much do they cost?

Today we offer our comprehensive solution for the extraction of Bitcoin currency. We are selling Bitcoin mining servers with ASIC chips. Nowadays simple computers, and your graphics cards don’t give results in mining Bitcoin currency. In an era of evolving technology you need to use a robust hardware to start making money on Bitcoin. We are accepting Pre-Orders for Litecoin, dogecoin mining server, which will be shipped out at the end of July.

Our innovative solutions based on the ASIC module will allow you to start making money on the mining of Bitcoin currency. Only our store offers professional equipment, which will meet 100% of your expectations. We are fully legitimate sales company. The satisfaction of our customers is the best endorsement of our credibility. Our main partner designing asic chips is Dream Chip Technologies GmbH. We invite you to familiarize yourself with our offer and take advantage of the services offered by us. Our Products costs from $5,500 to $6,950.

7. Can you give us the technical specifications of these products, including the company and country of manufacture, and any independently carried out tests on their safety and efficiency that customers can research before they buy?

“MinerTechnologies offers us cloud mining. All the information you will find here:
http://mining.minertechnologies.com/. We can rent a cloud from 200GH/s for $850 up to 5TH/s for $11999. Each contract is for 12 months and provides us with daily payouts to our Bitcoin address on business days. With the purchase of mining cloud we have provided with maintenance-free mining and customized dashboard. MinerTechnologies offer us a 99.99% uptime guaranteed. We also have the opportunity to contact Customer Service via phone or e-mail. All four mining clouds offer the same service packages. The difference is only in the speed of extraction.”

8. Most electronic products should have an online tech and operation guide. Can we see one for this? Before people would pay that kind of money I would imagine you are interested in making sure they can check this information out in some depth beforehand.

We offer our customers telephone and mail support. We are available 5 days a week, so everyone can call us with problems.

9. So if I’d like to purchase one of these devices, how do I go about it? How do I pay, and what are the delivery arrangements?

You just have to go to our website: www.minertechnologies.com and there make an order. Currently we accept following payment methods: Perfect Money, VISA/MasterCard, Bitcoin. You can pay also in cash in our office.

10. Can UK customers visit your sales office and pay over-the-counter? Are there any retail outlets where internationally where customers can see the products for themselves?

Yes, our customers can visit us in our office. Our address is:
2 Calico Business Park
Amington Industrial Estate
Tamworth
B77 4DS

11. What is cloud mining? Am I correct in saying this does not involve the sale of a physical product? How does this work? Can we see any see any testimonials from customers that readers can independently verify?

Cloud mining is a type of service that allows you to extract Bitcoins without physical hardware purchasing. We offer such services. More info you will find on mining.minertechnologies.com

12. If you are a legal business entity as you say, why accept an untraceable online payment processor like PerfectMoney which is barred to US customers, but not SolidTrustPay which is licensed and actually much preferred by US customers anyway?

We are doing all to accept as many payment processors as we can, anyone can suggest their preferred e-currencies.

13. What sort of a warranty to you provide customers? Is there an extended guarantee available on the product, and what kind of after sales service do you offer if there’s a breakdown or fault?

Our mining servers have 8 year guaranty.

14. Regarding your business which I see you have based in the UK. As you say VAT is included (sales tax to US readers), I know that you are obligated to provide VAT receipts, particularly to business customers who intend to use BitCoin mining for commercial reasons. Please provide us with your VAT registration details, which I know you are legally obliged to provide your customers. It will give them more confidence in advance of dealing with you as their opinion of businesses using PerfectMoney might not always be so good.

Note from MNO – This question was returned unanswered.

15. Do you have an affiliate program for re-sellers or third parties who refer customers to you? If so then how do they claim this?

We have an affiliate program that free and enables members to earn revenue by placing a link or links on their web site which advertises MinerTechnologies Limited or specific products on it. Any sales made to customers who have clicked on those links will earn the affiliate commission. The standard commission rate is currently 7%. For more information, please visit our FAQ page or see our Affiliate terms & conditions.

16. If there are any further questions that readers have about MinerTechnologies Ltd then how can they get in touch with you?

Everyone can contact us by sending a message using contact form on our website or calling our Customer Service. You can find our number in Contact tab.”

Thanks a lot to Jonathan for that that, and I hope that he got all the points he was hoping to make about his company across clearly. But like I said in the introduction, you will need to direct any follow-up questions or problems directly to MinerTechnologies. So that’s about all for the moment guys, but don’t forget to check back later on tonight for the regular news update from the HYIP industry. Bye for now and see you all then!