General
Who is WorldGilt?
WorldGilt is a Gateway Merchant House geared to enable clients to access the latest Crypto Currency mining technologies and large scale industrial data centers. WorldGilt is a wholly owned trading subsidiary of Capital One Properties Ltd (Singapore), established in 2013. Our Parent Company was awarded the 2017 Best Asian Private Equity Firm (small caps) by the AI Offshore Excellence Awards. We trade in commodities to generate a profit. We specialize in the production, purchase and sales of hashrates for the bitcoin mining industry. Our clients can instantly & profitably start bitcoin mining with no hardware requirement.
Our research and development division is constantly accessing new innovations and we only select the most reliable partners.
Our founders are all entrepreneurs and appreciate the importance of not depending solely on just one revenue channel. WorldGilt has 5 primary revenue sources, namely from
(i) selling mining contracts to its clients, (ii) revenue generated from hardware outputs, (iii) providing bridging liquidity to partners at a fee, (iv) trading in the top 10 crypto currencies and (v) profits from partnerships with independent rig owners.
What is Bitcoin Mining?
Bitcoin mining is accessible to the global public, but only those with specialised knowledge and high powered machinery are able to extract Bitcoins profitably.
OK, but what is Bitcoin Mining?
Bitcoin Miners [Miners] compete to solve a cryptographic “puzzle,” known as a Hash. These puzzles can only be solved by raw computational power [RCP]. Proof of Work Hashing [PoWH] is the function miners perform in order to define a new group of Bitcoin transactions, known as a Block.
By correctly solving the puzzles of a current block, miners prove their investment of work and are rewarded with newly-created Bitcoins. The measure of a miner’s RCP is known as a Hashrate. The higher the Hashrate, the more solutions are provided which leads to more Bitcoin rewards.
The Hashrate is measured in Hash per second [H/s], and indicated as GH/s [billions of H/s), or TH/s (trillions of H/s) or PH/s (quadrillions of H/s).
The probability of solving a block on your own is rare. By grouping together with others in a Mining Pool, your combined odds of solving a Block rise proportional to the Pool’s total Hashrate.
What is Cloud Mining?
Bitcoin cloud mining (or alternatively Ethereum or Litecoin cloud mining) enables people to earn Bitcoins without bitcoin mining hardware, bitcoin software, electricity, specialised bandwidth, etc. Bitcoin cloud mining enables clients to buy the output of Bitcoin mining power from the WorldGilt Bitcoin mining hardware placed in remote data centres. In this way, all Bitcoin mining is done remotely in the cloud.
If I have other questions, how do I contact you?
For unanswered questions, you are welcome to email our customer service desk on
[email protected]. It takes on average 24 hours – 48 hours to reply. Thank you for your understanding as we deal with the increasingly high volume of questions.
What must I do to become a client of WorldGilt?
To become a client you need to open a free account, and your account will be opened instantly. Please note that, when opening an account with us, you do consent to the Terms of Use during the registration procedure, where you also confirm that you are of legal age (18 years as at date of account opening) and will not violate any applicable laws of your country of residence.
Why is Bitcoin Trusted?
The Trust factor is mainly because Bitcoin is open-source and decentralized. This means that the global public have access to the entire Bitcoin source code at any time. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms. No institution or organization can control Bitcoin, a truly remarkable creation.
What are the advantages of Bitcoin?
There are many advantages, one being payment freedom because it is possible to send and receive Bitcoins anywhere in the world 24/7 without any bureaucracy. Bitcoin allows its users to be in complete control of their money.
Another advantage is that Bitcoin transactions are secure, irreversible, and do not contain personal and sensitive information.
What mining hardware do you use?
We use Application-specific integrated circuit chips (ASICs) hardware for Bitcoin mining which is the industry standard to solve Bitcoin blocks. ASIC Bitcoin mining systems can solve Bitcoin blocks on modern standards much swifter than older technologies.
Which coins do you mine?
We mine Bitcoin, Ethereum and Litecoin. We also offer access to BitcoinMetal’s many features via a partnership agreement with BCM.
Financial
What are my Leasing Risks?
Your risk is mainly fluctuations in the value of CryptoCurrencies. Your downside risk is capped at between 6.25% to 7.36% annual growth on principle (before profit or bonus payouts).
For example, if you invested 2 Bitcoins, your minimum total payouts will be 2.3 Bitcoins (over 2 years).
WorldGilt is the only known Cloud Mining enterprise which offers a capped risk, and this is made possible because our parent diversifies heavily in other industries (when one market segment is down, other market segments are up).
What is WorldGilt profit payouts?
WorldGilt mining outputs are determined according to the industry standard bitcoin mining formula (BMF) as shown on the ‘Verify’ tab on the homepage to www.worldgilt.com
Since WorldGilt participates with a selection of global bitcoin mining pools, Worldgilt receives additional gains from these pools which exceed the BMF, which gains are shared only with the WorldGilt Bitcoin client base in the form of ‘profit payouts’.
What influences my income and outputs?
SHA-256 is the algorithm used to mine Bitcoins. This means that the only factor which influences the gross BTC outputs is the mining difficulty. Refer to the Audit tab on the homepage.
Our mining contracts are also subject to daily maintenance and hosting fees (which includes electricity fees) and deducted from each gross output to derive a net mining payout. The net payout is your profit.
What is the daily maintenance expenses?
The daily maintenance and electricity expenses payable by the client is calculated on a US Dollar rate as follows: US$0.00032 to US$0.00035 per Ghs purchased per day, but never less than 0.000011 BTC per 100 Ghs per day.
Who pays the bitcoin network miner fees?
When we pay Bitcoins to your wallet, the client pays the bitcoin network miner fees.
What is the amount I can withdraw from my WorldGilt Wallet?
Any amount can be withdrawn if requested within business hours, and this we do manually if our automated systems are not used by the client.
For our 24/7 automated systems, the minimum withdrawal is BTC (0.02), ETH (0.1), LTC (0.2) – please be careful for network fees payable by the client, which is not within our control and paid to the networkers.
Can I spend a fraction of a bitcoin?
Yes, you can send or spend any fraction of a bitcoin down to less than a penny. You can use your WorldGilt wallet or send to a third party wallet of your choice.
Accounts
How can I change my personal information on my account?
Log into your account and click “Edit Account” to enter or edit your personal information. Save the changes when all the necessary data is entered. However, you may not modify your e-mail because this function is disabled for security reasons.
What to do if I forgot my password?
You can use our password reminder, which will send an email to the address entered during your registration, containing detailed instructions and a password reset/change form. If you do not receive the email, please contact our online assistant on
[email protected]
Where are my currency balances kept on your systems?
When you earn or deposit a currency it automatically goes to your personalised WorldGilt wallet. We only hold small reserves on our servers to avoid hacks, and approx. 90% with third party large corporation wallets for safe keeping.
What can I do with my WorldGilt Wallet?
WorldGilt wallet is a regular full-featured wallet that services 4 currencies, namely Bitcoin, Ethereum, Litecoin and BitcoinMetal. You can withdraw your selected currency by clicking on the “Wallet” function in the main menu and select “Withdraw”
Payments
How can I pay?
You can pay with Credit Card, PayPal, Bitcoins or Ethereum
When do I get my daily payouts?
A mining day usually starts at 00:00 SGT and ends at 23:59:59 SGT. As at the day you purchased the lease (“the start date”), you will receive daily payouts, with the mining commencing on the day following the start date, and the first payout (for the previous day’s mining) reflecting on your WorldGilt account the day after the first mining date (i.e. 48 hours after the start date).
At the end of each 24 hours mining day, the mining outputs for each client is paid out the following day. The daily payouts are credited to your WorldGilt account until a sum of more than BTC 0.05 is accumulated, then this accumulated sum is automatically paid to your nominated third party wallet.
If you have purchased via a credit card, your payouts will still reflect in your WorldGilt account but cannot be transferred to a third party Wallet for a period of 45 days (but can be transferred thereafter). This is a security measure to protect WorldGilt from credit card charge backs.
How secure is my Wallet and Bitcoins?
We offer you BitPay renowned wallet security.
How much time before my Bitcoins arrive in my Wallet?
We wait for 3 confirmations before we make your required Bitcoin balance available to you. This is the industry standard for a truly secure wallet. This process can take anywhere from a few minutes to 1 hour, or more, depending on the bitcoin network.
What payment methods are available?
We are the biggest payment gateway providers and therefore can provide many payment options, including VISA, Mastercard, Debitcards, Bitcoins, etc.
Do I need a PayPal account to use your system?
No PayPal account is required to use our system.
To pay without a PayPal account, merely select “Pay with a debit or credit card” on the PayPal system and you will be good to go.
What is your Refund Policy?
We will only be happy if you are satisfied. We offer a full refund within 7 days of purchase should you wish to cancel the contract.
Mining Contracts
What am I Leasing?
In one combined package you are leasing access to (i) an agreed specified amount of GHs (billions of Hashrates) or TH/s (trillions of Hashrates) plus (ii) mining expertize plus (iii) electricity consumption to run the Data Centre plus (iv) required maintenance and supervision plus (iv) premises hire.
How long do contracts last?
We offer cloud mining contracts for Bitcoin, Ethereum and Litecoin. All contracts for all 3 currencies last for 1 year.
Is it possible to mine different contracts at the same time?
Yes, you can have as many different variations as you request.
Shorted Contracts
What is shorted contracts?
We are the leading Bitcoin mining enterprise that permits contracts to be sold before its expiry date. ‘Shorted’ in this sense implies that the contract can be resold to WorldGilt at the price determined from market conditions prevailing at the time of sale.
When can I resell my contract if I needed to?
After the expiry of 199 days, on the 200th day of the contract. We have set this time limit purposefully because we believe you would be so satisfied with our offerings that after 200 days you would not wish to sell.
What determines the price of a shorted contract?
The main price determinant is the Bitcoin difficulty level and the US$/BTC exchange rate.
How long does it take to receive payment for a shorted contract?
Payment is instant in BTC.
When does the price change for shorted contracts?
Shorted contracts are very reliant on the Bitcoin exchange rate.
Can I make a profit from shorted contracts?
You would only short a contract for 2 reasons,
(i) you need the cash release or (ii) you wish to trade-in your profit. So, to answer your question, if market conditions favour the client, a profit is made.
SwiftMarkets
How does SwiftMarkets make its profits?
The main strategy of SwiftMarkets is arbitrage and high-frequency trading in cryptocurrency exchanges. We process hundreds of parameters in real-time, from technical fundamentals to trader behaviourism.
Why does SwiftMarkets only allow small trades?
We specialize as Bitcoin merchants and miners, although our SwiftMarkets is increasingly becoming very successful and we may in future allow larger trades.
SwiftMining
What is SwiftMining?
Swift mining fast tracks traditional bitcoin mining from 2 years to under 1 year.
How does SwiftMining differ from SwiftMarkets?
Swift mining is related to bitcoin cloud mining whereas SwiftMarkets is related to cryptocurrency exchanges. SwiftMining derives its profits from bitcoin cloud mining whereas SwiftMarkets generates profits from cryptocurrency trades.
How does Swiftmining differ from Cloud Mining?
Traditional bitcoin mining depends on ‘hash power’ whereas swift mining is rated according to the ‘spot rate’
How does SwiftMining pay out?
Swift mining provides fixed mining payouts whereas traditional bitcoin mining depends on the bitcoin mining difficulty.
What is the payout frequency of SwiftMining?
Once per week, but with higher payouts.
Lending Programme
What is the Lending Programme?
Lend your spare Bitcoin, Ethereum or Litecoin that you can lock-up for 15 to 30 days and earn an attractive return.
What Premium Rates do I get?
You received premium rates as displayed on WorldGilt’s dashboard which is approx. 40% greater than the rates offered by leading exchanges such as Poloniex and others.
How are Earned Returns repaid?
Earning returns are quoted in daily rates and are paid once at the expiry of the lend period.
Where are Earned Returns repaid?
Directly to your WorldGilt wallet
How do I Top-Up my Wallet so I can Lend?
Login, then go to Menu, then go to BTC Wallet, then follow instructions…
Rewards
Do you offer bounty rewards?
As an entrepreneurial enterprise we certainly do offer rewards for good suggestions that we can use. Our research and development teams are very appreciate for any comments, positive or negative, that can enhance our offering to our clients.
Our rewards are paid out in BitcoinMetal, and this high growth altcoin can be exchanged for any cryptocurrency of the clients’ choice.