Question: What are bitcoin cloud mining rewards and what is settlement interest , settles every 2 4 hrs , who gets settlement interst here is an

What are bitcoin cloud mining rewards and what is settlement interest ,settles every 24hrs, who gets settlement interst
here is an example:
BTC Miner S21 Pro
$3,000.00
/3 Days
Contract Term:
3 Days
Contract Price:
$3,000
Daily Rewards:
$66.00
Fixed Rewards:
$3,000+ $198.00
Settle Interests:
Every 24 Hours

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The bolt is fixed to its support at C. If a force of 18 lb is applied to the wrench to tighten it, determine the principal stresses and the absolute maximum shear stress developed in the bolt shank...

Q:

Case Synopsis: Chad Williams, CEO of Red Cloud Mining, a Toronto based consultancy to the mining sector has a challenge to overcome. A client is seeking his company's assistance to place a value on a...

Q:

Chad Williams, CEO of Red Cloud Mining, a Toronto based consultancy to the mining sector has a challenge to overcome. A client is seeking his company's assistance to place a value on a non-producing...

Q:

Case Synopsis: Chad Williams, CEO of Red Cloud Mining, a Toronto based consultancy to the mining sector has a challenge to overcome. A client is seeking his company's assistance to place a value on a...

Q:

REFRENCE: casenet.ca/Cases/Red-Cloud-Mining-Capital-2 Case Synopsis: Chad Williams, CEO of Red Cloud Mining, a Toronto based consultancy to the mining sector has a challenge to overcome. A client is...

Q:

(PLEASE DO NOT COPY ALREADY POSTED ANSWERS) Demand for a Bitcoin cryptocurrency mining machine at CryptoField Inc. is 1,000 units per month. CryptoField Inc. incurs a fixed order placement,...

Q:

Problem 5 ( Bitcoin Selfish Mining, 20 Points ) Consider the selfish mining problem in Bitcoin. Notations are given in Lecture 3, Slide 35. [10 pts] Describe all events that cause each transition in...

Q:

Your friend Hui is an investor in bitcoin. Indicate whether and how she is subject to Federal income taxation in the following circumstances a. Earns $1,000 in bitcoin from mining. b. Purchases...

Q:

What characteristic of Bitcoin could prevent it from becoming first, truly digital, global currency? Question 70 options: 1) Users obtain Bitcoin through mining. A procedure by which clients unravel...

Q:

10) Which of the following is an example of natural language processing? A.A product that creates a language based confusion matrix. B.A product which provides voice and visual communications. C.A...

Q:

For which of the following transactions can a taxpayer check "No" in the digital asset checkbox on Form 1040? A. Purchase of Bitcoin with U.S. currency on an exchange. B. Purchase of Bitcoin with...

Q:

Lior Silberman's Math 312: ComPAIR Assignment 2 This assignment is due Wednesday, 3/2/2021 at noon (Vancover time) Comparisons are due Sunday, 5/3/2021 at 11pm (Vancouver time). 1. Let n be a...

Q:

In order to gain insight into the management strategy related to communication, you will utilize PPG Industries as a focus company and review their Facts About PPG and Newsroom sections, which will...

Q:

n an Hedge fund the LP has subscribed into the fund with $ 9 0 0 , 0 0 0 and $ 1 5 in that has got deducted on wire transfer fees. If the fund was to cover for this, what would be the GL entries for...

Q:

In a probability-proportional-to-size sample with a sampling interval of $20,000, an auditor discovered that a selected account receivable with a recorded amount of $10,000 had an audit amount of...

Q:

Zambia Pastry uses a periodic inventory system. Its records show the following for the month of May, in which 70 units were sold. Compute the ending inventory at May 31 using the FIFO and the LIFO...

Q:

The management of Muni Corp. is considering the effects of various inventory costing methods on its financial statements and its income tax expense. Assuming that the price the company pays for...

Q:

RooPhone Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 5,000 units of cellular phones are as follows Variable costs...

Q:

A firm faces uncertain revenues and uncertain costs. Its revenues may be $120,000, $160,000, or $175,000, with probabilities .2, .3, and .5, respectively. Its costs are $150,000 or $170,000 with...

Q:

How can companies effectively communicate their marketing messages to their target audience?

Q:

4.103 Bright Star Financial Advisers receives a mean of 19.5 applications per week for a personal financial review. Each review requires one day of an analysts time to prepare a review. Assume that...

Q:

4.99 Your computer is in serious need of repair. You have estimated that the breakdowns occur on average 3.5 times per week. If you are right and the breakdown variable is a Poisson distribution,...

Q:

4.101 Consider a country that imports steel and exports automobiles. The value per unit of cars exported is measured in units of thousands of dollars per car by the random variable X. The value per...