How to Pay for Mining Electricity on OneMiners (Prepaid Energy)

Paying for electricity on your hosted miners? Here is how to do it smarter on OneMiners. This guide covers prepaid energy, your Energy & Fees wallet and what Unpaid really means.

What “Unpaid” means

Open the Wallets tab. Many people think the Unpaid balance is money they still owe. It is the opposite: Unpaid is the mining rewards your miners have already earned that have not been paid out to you yet. It is money OneMiners owes you, not money you owe.

Your Energy & Fees wallet

This balance pays for the electricity on your hosted miners. It is not only for power: you can also use it to buy a new miner.

Auto Energy: the safety net

If your Energy & Fees wallet drops below zero, Auto Energy automatically converts some of your mined coins into USDT to cover the bill, so your miners keep running without a break. The catch is that this comes out of your mining rewards. To avoid it, keep your Energy & Fees wallet topped up.

Prepaid Energy: a lower fixed rate

Instead of paying for electricity as you go, you pay in advance at a fixed, discounted rate.

1. Open Prepaid energy from the menu on the left.
2. Select your plan. You can prepay for 1 year, 3 years or 7 years. Each plan shows the original rate, your discounted rate and how much you save per kilowatt-hour. The longer the plan, the lower the rate.
3. Preview rates by location. Rates depend on where your miners are hosted. Use Preview location to see the prices for each site. In the video, the original rate in the USA is 6.5 cents per kWh, and a 7-year prepayment drops it to 4.55 cents.
4. Choose which miners to cover. Search by name or model, or filter by location. Each miner shows its model, location, power use and whether it already has a prepaid plan. Tick the box next to each miner you want to add.
5. Check the energy summary. On the right it shows your plan, how many miners you picked, their total power and the total energy the plan covers.
6. Pick how to pay. Options are crypto (Bitcoin or Litecoin), a bank transfer by invoice, your OneMiners balance (USDT wallet) or payment in person.
7. Check your billing information. This is the name and address on your invoice. Use the pencil icon to fix anything before you pay.
8. Read the price summary and confirm. It shows your total at the original rate, how much you save and the total you pay. Once you have selected at least one miner and a plan, press Confirm purchase.

It works both ways

A fixed rate stays the same for the whole plan, even if market prices go up. But if prices drop, your rate stays the same too. Decide whether you would rather lock in your rate or pay as you go.

Quick recap

• Unpaid is what OneMiners owes you.
• Your Energy & Fees wallet pays for power.
• Auto Energy is the safety net.
• Prepaid Energy gives you a lower fixed rate.

Rates in the video were shown at the time of recording and change. Check oneminers.com for current rates, and read the hosting sites guide to see how location affects your costs.