FAQ

BTC MOBICK fees are the costs that users need to pay when sending coins over the BTC MOBICK network. These fees are paid to miners who upload new transactions to the blockchain. Miners contribute to the network's stability by running nodes to verify transactions. Additionally, users can pay higher fees than the base fee to increase the priority of their transactions, ensuring faster processing. This fee structure helps reduce unnecessary spam transactions on the BTC MOBICK network and deters attempts to maliciously use the network. Transaction fees vary based on the number of inputs and outputs, and fees increase when transaction demand is high.

BTC MOBICK is currently a private chain, and mining is available to miners who have contributed to the initial ecosystem development. Mining is being conducted in various locations both domestically and internationally. BTC MOBICK private chain is planned to transition to a public chain after the completion of the enterprise ecosystem and the BTC MOBICK airdrop. Therefore, if you want to mine BTC MOBICK newly, you can participate in new mining once BTC MOBICK transitions to a public chain.

There are various pros and cons regarding the use of electricity for cryptocurrency mining. People who oppose cryptocurrency argue that energy is being wasted for mining. On the other hand, supporters of cryptocurrency mining claim that the financialization of electricity allows for efficient resource utilization by transferring surplus electricity from regions with excess to regions with shortages. Because electricity cannot be stored, surplus electricity from power plants has been continuously wasted up to now. Therefore, using electricity for cryptocurrency mining can be a way to use resources more efficiently. In particular, BTC MOBICK aims to use renewable energy for mining by transferring mining rights to eco-friendly energy companies. If BTC MOBICK transfers mining rights to eco-friendly energy companies, it is expected to achieve sustainable development and stable mining.

Unfortunately, if you lose your BTC MOBICK private key, you will no longer be able to access your BTC MOBICK. The private key is the only means of owning and using cryptocurrency, so if you lose it, your BTC MOBICK will become permanently inaccessible. Therefore, users must thoroughly manage and protect their private keys and are advised to back them up as a precaution. Backing up means storing your private key and wallet seed phrase in a safe place, and it is also helpful to have multiple backups stored in different locations. However, be sure to take care that these backups and private keys are not exposed.

BTC MOBICK's paper wallet is a wallet that can store BTC MOBICK, with the public key and private key printed on it. Because the paper wallet is physically offline, it is one of the cold wallets that is very safe from hacking. Additionally, it does not require any additional hardware devices to securely store the private key, making it convenient to manage BTC MOBICK. However, due to the nature of paper, paper wallets can be damaged by water, fire, or tearing, and if the paper is damaged, it is difficult to recover it. Therefore, it is important to store paper wallets safely.

On the other hand, BTC MOBICK's paper wallets are issued by Mobickers Inc. These paper wallets are issued with a silver foil covering the private key part to prevent exposure of the private key, and only two people have access to this private key during the creation of the paper wallet. One is the representative of Mobickers, and the other is the person who generates the QR code. Both of these individuals are identified within BTC MOBICK ecosystem, ensuring the security of the paper wallets. Even if someone were to back up the private key and steal BTC MOBICK during the creation of the paper wallet, the stolen BTC MOBICK can be tracked due to the nature of cryptocurrency.