A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Powering Blockchain with Sustainable Energy
GX Blocks is a blockchain mining company creating an ecosystem in which users will have access to the new distributed economy, blockchain and its benefits in a risk averse manner. Through GX platform, users can have access to multiple blockchain products and services such as with a simple and secure way to invest in blockchain products, purchase & sell crypto, mining contracts, masternodes and upcoming blockchain applications for energy and fintech use cases.
Customize your contracts
Please read the FAQ for more details concerning the GX Blocks Contracts.
Disclosure: These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Future block reward and hash rate changes are not taken into account. The average block time used in the calculation is 600 seconds. The electricity price used in generating these metrics is $ 0 per kWh. Network hash rate varies over time, this is just an estimation based on current values.
GX MINING CONTRACTS CAN HELP YOU GROW YOUR RETURNS SUSTAINABLY
|NO Hidden Fees||Professionally Managed||Simple And Flexible|
| Fixed charges |
Simple And Flexible
|Intelligently diversified GXB Pool Public Live Dashboards||Automatic rebalancing and purchase of new funds|
Customize your GX Mining Plan
Introducing GX Mining Contracts
GX Blocks Energy is creating an ecosystem in which users will have access to the new distributed economy, cryptocurrencies and its benefits in a risk averse manner. Through GX platform, structured by a hybrid pool of Clean Energy Plants and DLT Data Centers we can provide to GX Contract holders a more sustainable cryptocurrency mining payments schedule until maturity date.
Why get involved with mining?
It is all about trust. Mining is the process in which transactions from various cryptocurrency ecosystems are verified and added to the public digital ledger - or else, the blockchain. The people who voluntarily offer the computational power to perform these tasks are called miners. For their effort, the mining community is rewarded with the transaction fees and newly created coins.
Renewable Energy Sources
Our investment strategy includes existing Clean Energy Sources connected with the grid and the construction of dedicated Autonomous Hydro Plants.
Clean Cryptocurrency Mining
Competitive solution for the Cryptocurrency mining problem, both in terms of clean and cheap energy. Through our operated energy sources we can use the produced energy to mine digital assets.
Open, transparent and decentralized access to users globally leveraging the blockchain technologies. GX Blocks is offering direct access to the blockchain ecosystem without extensive fund commitments.
Mine Clean Energy & Earn Treasured Cryptocurrency
Get direct exposure to digital assets without the technical complexity of purchasing the underlying cryptocurrency. Avoid the need to create online wallets, wire money offshore and safely store your digital assets.
Start your journey by participating in the most fundamental process of blockchain networks - the process of cryptocurrency mining.
Fixing Blockchain & Energy industry Problems
Blockchain Energy Consumption is growing exponentially
The Bitcoin network is estimated to consume at least 76.74 Terawatts of electricity per year currently, and potentially more than double in the future, even surpassing the annual consumption of countries such as Austria (62.7 Terawatts per year). Economic models tell us that Bitcoin's electricity consumption will continue to grow substantially. A look at Bitcoin miners' production estimates suggests that this number could double in less than a 2-year period.
- Annualized estimated global mining costs: $3,836,851,643
- Bitcoin transaction uses 850 kWh
- 169 kWH used for every 100,000 Visa transactions
Powering Blockchain with Sustainable Energy
The only way to ensure the validity and proper operation of blockchain networks, is to burn actual energy. This is called Proof-of-Work. For that reason, GX Blocks aims to proactively prioritize sustainability. Our facilities, backed by renewable energy sources, allow the proper operation and validation of the network, while at the same time reducing carbon emissions.
- Clean Energy
- Maximum energy efficiency
- Cutting-edge cooling technology
- Smart Energy Sourcing
- True scalability
Scalability is no issue for us
Our mining-units are indefinitely scalable due to efficient, available, low-cost hardware. Our decentralized concept allows an unprecedented usage of small-to-mid-sized power hubs.
Transparency at your fingertips
GX Blocks Energy provides a fully operational live monitoring platform with user-friendly experience and state of the art security.
|Real Time Monitoring 24/7|
|Auto re-allocation of returns|
|Transparency/ DLT Records|
|Performance Pro Reports|
|Clean Energy Usage|
|No Electricity Fees|
How it works
Register an account
- Sign up and Request Premium Discount and also Review GX Blocks Key Information.
- Customize your GX Mining Plan with GX Calculator you can calculate your Contract Performance (Zero maintenance / electricity fees).
Buy GXB Contracts
- Purchase the selected GX Mining Plan with one of the payment method options: Crypto, Paypal or Bank Tranfer and finally set-up your digital payment wallets.
Start earning profits
- Contracts will be activated after you pass KYC process and you will start receiving mining outputs in your private wallet.
- Emergence and design of the idea
- MIT Enterprise Forum Competition
- Company Establishment
- Strategic Alliance with Dezavou Associates
- GX Platform and Tech Specs Completed
- Core Team Creation
- Market Research in Energy & DLT Sector
- Beta MVP Created & Tested
- Beta / Test-net Launch of GX Oracle
- Management team established
- Clean Power Plants Investments
- Crypto Mining Units Development
- Main-net launch of GX Platform
- GX Bitcoin Mining Contracts
- First Liquid Cooling Test with Mining Hardware
- New partnerships and new marketplace support
- POC for Energy Applications
- Master-nodes implementation
- Testing Autonomous Mobile Mining Solution
- POC for Fintech Applications
- Liquidity Mining Contracts
- GX Contracts diversification on new Multi-algorithms
- Smart Portfolio Management released
- Blockchain Energy Application beta released
- Custom Payment funnels through ILP
- Launch of Crypto Tax Reporting system
Download our Pitch deck
Clients avoid the need to create online wallets, wire money offshore, and safely store their bitcoin. GX Blocks provides a secure and simple way to get involved in digital currencies.
The original Bitcoin code was designed by Satoshi Nakamoto under MIT open source credentials. In 2008 Nakamoto, outlined the idea behind Bitcoin in his White Paper, which scientifically described how the cryptocurrency would function.
Frequently Asked Questions
Registration is free and we do not charge any maintenance fees in GX Contracts.
Payouts are generated monthly, but you will receive your outputs only once they have accumulated to a certain quantity. These minimum mining outputs are set in order to avoid that customers pay multiple fees for receiving small amounts in their wallets.
Hash Rate – A hash is the output of a hash function and, as it relates to Bitcoin, the Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your chances of finding the next block and receiving the reward.
TH/s (terahash per second) – this abbreviation represents computing power of your account and has direct influence on your mining results.
You also need to understand its effect on your capacity to mine the coins. Having good knowledge in hash rate can help you make the best decisions when you are creating your GX Mining Portfolio.
Defining A Hash Rate
In simple terms, a hash rate can be defined as the speed at which a given mining machine operates. Crypto mining involves finding blocks through complex computations. The blocks are like mathematical puzzles. The mining machine has to make thousands or even millions of guesses per second to find the right answers to solve the block.
In other words, to effectively mine a block, the miner should hash the block’s header such that it’s below or equal to the “target.” The target changes with every change in difficulty. To arrive at a given hash (or target), the miner has to vary some of the block’s headers, which is known as a “nonce”.
Each nonce begins with “0” and is increased every time to get the necessary hash (or target). Given that the varying of the nonce is a game of chances, the chances of getting a given hash (or target) is very low. The miner, therefore, has to make numerous tries by varying the nonce. The number of attempts that miner makes per second is known as the hash rate or hash power.
Measuring The Hash Rate And Its Units
Hash rate is computed in hashes per second (h/s). Some of the common terms used include mega, giga, and tera depending on the number of hashes. For instance, a machine with a speed of 60 hashes per second will make 60 guesses per second when trying to solve a block. Kilohash (KH/s) is used for 1,000 hashes, megahash (MH/s) for 1,000 kilohashes, terahash (TH/s) for 1,000 megahashes, and petahash (PH/s) for 1,000 terahashes.
The various machines hat are used to mine different cryptocurrencies don’t have equal hashes. For instance, a mining machine for bitcoin has a different hash rate from that of ethereum. This can be defined by the different algorithms used by the cryptocurrencies as they don’t use the same amount of memory and computing to be mined.
When purchasing a GX Contract, you gain access to computing power from our dedicated data centers for the purpose of cryptocurrency mining. Our contracts are of fixed duration and computing power without any ongoing or unexpected fees. The computing power belongs to you, as well as the rewards from the cryptocurrency mining.
You will be receiving Bitcoin payouts on daily basis depending on amount of TH/s you purchased.
Due to the nature of the product, a prediction of the revenue would be subjective. You may refer to the calculator GX Blocks Contract Calculator or other public mining calculators (link) to make an estimate of the projected revenue. It should be noted that these calculations are variable since they are based on the current difficulty block reward, and exchange rate for particular coin, which may vary over time.
GX BLOCKS PLATFORM
Due to the decentralized and transparent nature of our product, we provide real time tracking solution of both Mining and Renewable resources operations. In my GX Dashboard we provide only the info of your GX Contract portfolio you own.
Main GXB Dashboard, live statistics of full scale operations in eco-friendly projects and mining center extensive fund overview.
-Monitors live performance of the projects around the world.
-Professional due diligence and risk report for each investment.
-Live Feed Megawatt power production and Hash Rate from the mining farms.
The platform will also contain an individual user dashboard, which links the users to E-GXB dashboard, display information regarding their GXB balance, and display live the current investments that GXB Energy owns. Additionally, display a real-time feed of the energy each system produces and estimated payouts, based on the user’s token holdings/share of the project.
Wallet Management Solution
Real time monitoring of Renewable Energy plants and Power production & consumption from Mobile Mining Units.
GX Contract performance dashboard. Daily updated and stored in blockchain ledger. Display history and active contracts of the account.
To get started, please Sign up and purchase your total hashrate power of the GX Contract. You don’t need any special hardware or software or even to keep your own computer on to do cloud mining, we will do the mining on your behalf.
It’s quick and very easy! As soon as we receive your payment your contract will be added to your profile, and you can immediately start mining. Depending on the blockchain algorithm you select and the associated mining service agreement you enter into, you can either mine native cryptocurrencies directly or use the Smart Contract Portfolio Allocation to other cryptocurrencies (marked with AUTO), and even choose a specific allocation for them. For example: 60% LTC, 20% BTC and 20% ETH. The first mining output is record after 48 hours of contract activation, and then a monthly mining output will follow to your private wallet.
Remark: Every day of mining will be recorded and sent to your account in the first 48 hours of the upcoming month.
Please refer to section “When do I get my mining output?” for more details.
You are able to mine Bitcoin and various altcoins directly via our Smart GX Mining allocation page*. The availability of cryptocurrencies you can receive depends on the available coins we provide through our supported coins and wallets.
You must choose an allocation strategy for your GX contract in order to determine the cryptocurrency received for your mining output. If no allocation has been made, the mining output will default to the following for the given blockchain algorithm:
SHA-256 contract – Bitcoin
GX Blocks Smart Mining Advanced Allocation:
It allows you to get mining outputs in many different coins even if they are not mined directly by a certain algorithm. For example, you can get mining outputs in any other coin while mining with an SHA256 algorithm!
That is possible by mining the bitcoin directly, which is then automatically swapped to your selected cryptocurrency or stable coin by our algorithmic framework. The Allocation function is designed for customers to receive delivery of their mining results in their preferred cryptocurrency.
For security reasons, we do not disclose the exact location of our mining farms. We are operating several mining farms that are located in and outside the Greek borders. Our location selection is electricity cost and availability of cooling which are the most important factors of cryptocurrecy mining.
A mining day usually starts at 00:00 UTC and ends at 23:59:59 UTC so your miners will mine for you 24 hours a day and act exactly according to your settings (see “mining allocation”).
We have a lot of scripts running, and there are numerous checkups that are being done, which even include checking some parts of the process manually, to maximize mining outputs for our customers.
Therefore, as a result of that, the time between two outputs can (and will) occasionally be longer than 24 hours. On the other hand, it can also be shorter than 24 hours. The fact is, you will receive a mining output for each mining day.
Keep in mind that all of our mining outputs are daily and automatic, but the actual transfer to your wallet takes place each first 48 hours of the month.
Also, when you order via debit/credit card, your mining outputs will be held for 30+2 days, as stated in the Terms of Service. We do so because of fraud and security reasons. Once the month passes, the full amount will be released to the “Activity > My Activity” section (and to the wallet, if the threshold has been reached), and from then on you will receive a monthly output.
Client GX|ASPR Services & Fees
This plan covers the following costs associated with your mining contracts:
1. Asset allocation and portfolio construction by GX Blocks & 3rd Party Associates.
2. All ongoing portfolio manager due diligence provided by GX Blocks P.C.
3. Transferring/ Exchanging digital asset generated from the purchase of GX Contracts.
4. Custody of digital assets.
5. Detailed performance reporting, monthly statements and trade confirmations.
6. Continuous monitoring of your investment strategy, relative to your risk and objectives.
7. Proactive communications from your GX Blocks portfolio manager.
Professionally Managed Simple And Flexible
– Fixed charges
– No entry or exit fees
– Intelligently diversified GXB Pool Public Live Dashboards,
– Automatic rebalancing and reallocation of new funds
On the Main GXB Dashboard, live statistics of full scale operations in eco-friendly projects and mining center extensive fund overview.
– Monitors live performance of the projects around the world.
– Professional due diligence and risk report for each investment.
– Live Feed Megawatt power production and Hash Rate from the mining farms.
The platform will also contain an individual user dashboard, which links the users to E-GXB dashboard, display information regarding their GXB balance, and display live the current investments that GXB Energy owns. Additionally, display a real-time feed of the energy each system produces and estimated payouts, based on your GX Contracts holding.
At the Beta launch of GX Platform, users will be able to securely store, manage and exchange Bitcoin, XRP, Ethereum, and more than 17 other blockchain assets.
We intend to provide built-in exchanges in GX Platform to swap between hundreds of assets and thousands of pairs instantly, through our strategic partners Shapeshift and Changelly. All the transactions and exchanges between digital assets are not performed from GX Blocks but from the 3rd Party provider you have selected using and agreed the term of use of the plugin service provider.
All of GX Blocks products do not have a maintenance fee.
The GXB Contracts covers all costs related to mining including, inter alia:
– electricity cost
– maintenance work
– hosting services
The cost is a one-off payment. You will find the details about upfront costs and fees in the Terms of Service of your contract.
As soon as you choose which contract you want to place in order:
Go to the Cart Checkout section on your GX Blocks Mining account and choose your payment method – Paypal or Credit card (Mastercard, Visa) or cryptocurrencies click on CONTINUE TO ORDER REVIEW
Read the Terms of Service by clicking on VIEW AGREEMENT – once you scroll down to the end of the agreement, you will be able to click on AGREE AND CONTINUE and then, confirm the order
If you pay with cryptocurrencies, please transfer the right coin amount to the given address as fast as possible (if the order expires after sending your coins, please get in touch with Customer Service. They will approve your order manually).
If you pay with credit card, please follow the procedure and fill out ALL the details on the forms. You may be asked for personal identification by our CC processor. Only if the identification process is finalized will your contract be approved.
Once paid, your order should be displayed as approved on your GX Blocks Mining account. If this is not so, please contact customer service via our web form or through the “Contact Us” section of your account.