Help Center1 - 2 - Free
The "1-2-Free" sponsorship bonus is a program that rewards miners by increasing their hash power/daily TXC rewards for sponsoring new miners. For every 3 individual real-life human miners you directly sponsor, your mining operation will grow by 100 MH/s in your favor.
Added Status
Added status is the status a miner is placed in after they sign up and have paid. At this point, they are awaiting TXC wallet assignment and placement approval from the office.
Affiliate ID
The username a new miner assigns themselves when they sign up with TEXITcoin.
Approved Status
Approved status is the final status of the sign-up process. Once Approved, you are mining with us, visible on your sponsors’ placement tree and points have been allocated. This miner is also now available in the dropdown menu for placement below them.
Arbitrage
Exploits price discrepancies of the same digital asset across different exchanges or markets, aiming to make a risk-free or low-risk profit.
Asset ID
An alphanumeric set of characters assigned to your TXC Cold Storage Wallet. The Asset ID is visible on the back of the coin.
Altcoin
Any cryptocurrency that is not Bitcoin. Examples include TEXITcoin, Ethereum, Litecoin, and Dogecoin.
ASIC (Application-Specific Integrated Circuit)
A powerful machine made just for mining certain cryptocurrencies. It’s faster and more efficient than a regular computer.
Back Office
A personal miner portal that allows you access to set default preferences and many other self-service options used to manage and grow your team. To access, visit MineTXC.com and sign in from the menu using the credentials you established when you signed up to become a miner.
Binary Plan
A type of compensation structure where our miners recruit and place new members into two "legs" or "downlines" – typically referred to as the left leg and the right leg.
Block
A "digital file" full of recent transactions. Miners help confirm and add blocks to the blockchain.
Block Reward
The payment miners get (usually in crypto) when they successfully add a new block to the blockchain.
Blockchain
A permanent, public record of all crypto transactions, like a giant digital notebook.
Builder Plan
The Builder Plan is a mining package offered by mineTXC that includes three "tracking centers," which are positions in the network that can earn commissions. Cost for this package is currently $8955.
Cash Potential
Is the total amount of cash commission you have the potential to earn based on your personal sponsorships at mineTXC.
Cold Storage Wallet
TEXITcoin provides miners a TXC cold storage wallet to keep TXC coins safe and offline – referred to as your porcelain piggy bank. Allows transfers IN only. To get crypto off a cold storage wallet one must convert the said wallet to a Hot Wallet.
Commission
Commission at TEXITcoin is an optional incentive compensation for those helping grow the mine. A max of $3,000 per week per business unit is paid out to qualifying miners and is paid the week after the commission is earned.
Commission Default
A miners preferred way of receiving any commissions earned. Available options are Hash, USDC and TXC.
Difficulty
How hard it is to mine a new block. The more people mining, the higher the difficulty
Decentralized
A system/network that operates without a central authority or single point of control.
Downline
A downline refers to the network of miners placed under you, specifically within your left and right legs. These individuals may be personally sponsored by you or placed there through spillover from your upline or other team members
Ethereum Cold Storage Wallet
Our default option for sending commissions paid in USDC if the miner DOES NOT have a default USDC wallet set in their back-office profile.
Exchanges
A digital platform that allows users to buy, sell, trade, or convert cryptocurrencies. It's like a stock exchange—but for digital assets such as TEXITcoin, Ethereum, USDC, USDT and other tokens
Fork
A change in the rules of a cryptocurrency. It can split one coin into two different ones (e.g., Bitcoin and Bitcoin Cash).
Gas
A small fee you pay to make a transaction go through on Ethereum. Think of it like a “processing fee.”
Group
Identifies what “phase” the miner joined the community. Examples: Founders, Early Adopters, Launchies, etc.
Graveyard
The Graveyard tab is a subtab visible from the miners Sponsor tab in their back-office profile. This tab contains miners that have signed up, listed you as a sponsor, but not paid – thus not been activated. They will remain in the Graveyard until they or their sponsor reach out to the office to complete the onboarding process.
Hash / Hashing
A way to take data and turn it into a unique string of numbers and letters. Miners keep trying new hashes until they find the right one.
Hash power / Hash rate
How fast your miner can do the hashing work. A higher hash power or hash rate means more chances to earn rewards.
Hash Upgrades
Existing miners are eligible to complete Hash upgrades at any time. The maximum purchased Hash for each mining unit is 900. NOTE: We do offer some promotional upgrades that can only be done in your first 30 days of mining.
Help Page
A resource page full of training guides to assist new miners with processes and procedures specific to mining TXC. Visit MineTXC.com and select the HELP tab.
Hot Wallet
A type of crypto wallet that is connected to the internet, allowing users to quickly and easily access, send, and receive digital assets.
Immersion Cooling
A method of cooling electronic components—like CPUs, GPUs, or entire servers—by submerging them in a thermally conductive but electrically non-conductive liquid called a dielectric fluid. Common slang terms are coolant or bath.
Layer 1
A native blockchain protocol like TEXITcoin, Bitcoin, Litecoin or Ethereum that processes and validates transactions on its own main chain without relying on other blockchains.
Layer 2
Refers to solutions built on top of a Layer 1 blockchain to improve its scalability, speed, and reduce transaction fees without changing the base blockchain’s core protocol (like Bobby’s goal with Community Coins).
Leg
A leg refers to a downline structure or team that includes both people you recruit and everyone they recruit beneath them.
Limit Order
A limit order is an order to buy or sell a crypto asset at a specific price or better. Unlike a market order (which executes immediately at the current price), a limit order will only be carried out if the market reaches your specified price.
Market Order
A type of trade that executes instantly at the best price available in the order book—not at a specific price you choose.
Market Price
Refers to the current price at which a particular crypto asset can be bought or sold on an exchange.
Mining
The process of using computer power to help run a crypto network and earn coins/tokens as a reward.
Mining Pool
A group of miners who combine their power to increase the chances of earning rewards. Rewards are shared based on contribution.
Network
A network in crypto trading is the underlying blockchain system (like Ethereum, Mainnet, or Solana) that processes, validates, and records transactions between wallets.
New Points
Points earned for the current week by both sponsoring new miners or any points that rolled up from your downline.
Node
A computer that keeps a copy of the blockchain and helps keep the network running.
Pending Status
Pending status means a miner has signed up but not paid. Once payment is received, the miner will progress to Added status and then finally to Approved.
Peer Payment
Peer payments refer to a process at mineTXC where a select group of existing miners are authorized to assist in onboarding new miners by accepting payments in traditional forms of currency (like cash, Venmo, Zelle, etc.) instead of cryptocurrency.
Placement Member
The miner on your placement tree that you wish a new miner to go directly under.
Placement Tree
An organizational structure that visually represents how members are positioned on a team—based on where and how they were placed, not necessarily who recruited them
Points
Numerical values assigned to the quantity of mining hash sold and are used to calculate commissions within the compensation plan. 100 hash = 1 point.
Proof of Work (PoW)
The system some coins use where miners solve hard puzzles with computers to earn rewards.
Proof of Stake (PoS)
A newer system where people earn rewards based on how much crypto they hold and lock up (or "stake"), not mining with machines.
Receiving Wallet
In cryptocurrency, is the wallet that accepts or receives crypto assets from another wallet during a transaction.
Reward
The daily reward is the amount of TXC (TEXITcoin) that a miner receives each day, calculated based on their personal hash power relative to the total sold hash power of the mine.
Reward Halving (Halving)
When the reward for mining a block gets cut in half. This happens at set intervals within the lifecycle of a mine to slow down the supply of new coins.
Rig
A setup of one or more computers used just for mining crypto.
Sending Wallet
In cryptocurrency, it refers to the wallet that initiates a transaction by transferring crypto assets to another wallet.
Sponsor
An individual who personally recruits or brings new participants (Miners) into the mineTXC network to help grow the mine.
Sponsor ID/Username
Username chosen by a miner when they sign up.
Starting Points
Indicate any points on the left and right leg that rolled over from the prior week.
Team Strategy
Your personal team building strategy that drives where miners are placed within your team. Options are Left, Right or Balanced.
Telegram
The TXC Telegram group is a tool that aids our community by providing a space for members to stay connected and informed about the latest developments from the TXC team, participate in Q & A and share best practices.
Texit Rangers
Texit Rangers are an elite group of miners chosen for their leadership and dedication within our community. Elevated to a higher role, they carry broader responsibilities that extend beyond their individual teams. Texit Rangers play a key role in coaching, developing, and mentoring miners across the entire organization.
Transaction Fee
A small extra payment included in crypto transactions that goes to miners.
Token
In the context of MFA (Multi-Factor Authentication), a token is a digital code used as a second factor to verify a user's identity—beyond just a username and password and often sent via text or email.
In the context of crypto itself, a token is a digital asset created and managed on an existing blockchain, often representing value, ownership, access rights, or utility within a specific ecosystem
Tokenomics
A blend of "token" and "economics"—refers to the economic model and design of a cryptocurrency or blockchain-based token. It includes everything that affects a token's value, utility, distribution, and long-term viability
Upline
A upline refers to the person (or people) who are above you in the community—typically those who recruited you or are positioned above you in the hierarchy of the compensation plan.