As the success and growth of blockchain-based cryptocurrency have proven, the future will witness a decentralized, efficient, and comprehensive global ecosystem. Cryptocurrencies are one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher.
Cryptocurrency mining is no doubt a lucrative investment for anyone who can participate in the process. But notwithstanding, there are some challenges associated with cryptocurrency mining. These challenges include;
- The consumption of High Energy which has been a constant nightmare for miners, as more of their rewards is been spent in getting the power and energy to mine. If you have ever tried mining then you would know that there is a lot of energy usage involved.
- The high purchasing cost of this mining tools is quite high and there are not usually easy to set up as setting up might require some level of expertise.
Fortunately, Bitminer has taken these challenges into consideration, alongside the fact that solving these challenges is crucial to the continuous growth of the Blockchain and came up with a solution. At this juncture, I would like to present Bitminer Factory, a leading cryptocurrency Mining Operation.
This is not all the Bitminer Factory wants to be in being amongst the first to explore the huge potentials and growth in adopting renewable energies for cryptocurrency mining. In doing this, their solution is based on 4 fundamental keys;
Committed usage of clean energy: we tend to pledge to use Associate in Nursing increasingly- higher quantity of energy from clean power sources, like hydro and star plants. we are going to place our decentralized mobile farming instrumentality about to eco-friendly sources, drastically reducing the number of dioxide we might need if we tend to used ancient energy plants;
Reuse of otherwise-wasted energy: Energy plants everywhere the globe, either renewable or not, typically have energy left that’s not used and goes to waste. we’ve originated partnerships that enable North American country to faucet into these energy sources, minimizing the requirement of manufacturing further energy for our mining functions, benefiting the atmosphere whereas granting North American country a lower-cost power supply;
Flexibility through mobile mining units: Our mining units will be simply emotional around (think of them as “on-the-wheels” autonomous computing containers), thus it’ll be straightforward for North American country to achieve the plants that have the very best spare capability from time to time, or new by design engineered renewable power plants;
Diversification through Renewable Energy asset ownership: They’ll strengthen our position to realize our goals. With half-hour of the payoff of the ICO, extraordinary $20M, we are going to invest directly within the construction of Solar/Hydroelectric power plants. The 100 percent clean and renewable energy outcome are going to be accustomed directly power our mining instrumentality. Energy comes ar capital intensive and need a big scale: for this reason, we tend to selected to take a position in Energy comes solely past the $20M mark, still maintaining our commitment to a greener mining resolution if payoff are going to be below $20M. Owning custom-designed renewable power plants can enable North American country to realize even lower electricity price for our operations, excision all the intermediaries between energy production and utilization. what is more, we are going to be ready to sell energy to the national grid, generating a further, stable stream of profits, to be used for our token-holder and for reinvestment in our operations.
Bitminer Factory is a leading cryptocurrency Mining Operation fed with Renewable Energy and managed by a Team of clean energy and mining experts. By purchase BMF tokens with ETH or BTC you are allowed to use our Mining Assets and Services and accept your part of the cryptos generated by the Mining process.
The platform is a cryptocurrency mining that operates with renewable energy, and managed by a team that has experience in their respective fields. Bitminer Factory being at the forefront of innovation in cryptocurrency mining, leading the way to a sustainable process for mining cryptocurrencies. Some publications are starting to suggest that renewable energies are the future of cryptocurrency mining, and Bitminer Factory will be among the first in realizing such a dream.
Bitminer Factory idea dates back to November 2016, and our progress since then has been huge, with our first mining factory, now the largest in Italy, completed and fully operational since April this year, after twelve months of hard work and dedicated refinements. We started with the idea of following the cryptocurrency wave, and we have ended up being at the forefront of innovation in the field, leading the way to a sustainable process for mining cryptocurrencies.
The aim of this project is to make the Blockchain sustainable, using renewable energy to mine cryptocurrencies while Sharing the benefits with its owners. They have put a lot of things in place for very successful mining operations whichever includes the acquisition of 1.2MW electrical infrastructure, 800 P8 Mining Machines, 200 Asic Machines that will definitely help a lot with the mining operations.
BENEFITS OF RENEWABLE ENERGY CONSUMPTION
Traditional power plants produce electricity by burning extracted, non-renewable sources of minerals. As a result of this combustion, the atmosphere is allocated just tons of polluted air CO2, which ultimately has a very strong impact on the entire ecological situation of our Planet. At the same time, these power plants can not guarantee uninterrupted supply of energy for any mining farms, as well as provide them with a low cost. Since the cost of such energy is already high.
Therefore, in order to carry clean energy to the masses and not to pollute our environment with harmful exhaust gases, as well as to save decently and provide their farms with uninterrupted electricity, the project developers did not hesitate to decide to use only renewable energy sources in their project. At the same time, solar or hydroelectric power stations will also belong to Bitminer Factory.
Such an approach would eliminate any intermediaries, thus minimizing all costs. And if they generate excess energy, they will always be able to sell it to local power plants, which in turn will lead to additional income.
HOW BITMINER FACTORY WORKS
Intended are two proprietary housing solution for our equipment, Giga pod, to house up to 5000 units (GPU or ASIC), and Mobile pulling out Unit (MMU), to house up to 300 units.
- Cooling and Reliability
Thanks to CFD (Computational Fluid Dynamics) analysis, we planned ample path to permit air in and out of the Giga pod and of the MMU, while overwhelming just a part of the total energy. A superior filtering organization will allow air to pass, blocking dust or other contaminants, ensuring consistent operations in any environment. - compression Each Mobile Mining Unit (MMU) can house up to 300 units (GPU or ASIC) in a compact footprint, while each Giga pod can house up to 5000 units.
Furthermore, the MMUs can be moved inexpensively and fast, as they are base on standard containers. - monitor A opaque net of sensors are entrenched in the Giga pods and in the MMUs, allow our team to check presentation, temperature, power expenditure, and state of each piece of utensils, thus letting us actively stop and recognize any hardware broken.
Each machine is accessible easily and rapidly, allowing for prompt preservation when wanted. A complete comfort and clear labels/ pointer permit every operators to right away place the machines that need an intrusion.
TOKEN AND ICO DETAILS
The token (BMF) is an ERC-20 token based on the ethereum Blockchain. Up to 100 Million BMF is planned to be sold during the ICO which would come with a 20% bonus on each purchase from May 25, 2018 to June 20, 2018. The bonuses will reduce relatively as the ICO stages progress until the Hard-cap Reached. Accepted payment methods include = BTC, ETH, and EURO.
Platform - Ethereum
Accepting - ETH, BTC
Start date-Jul 21, 2018
End date - Sep 30, 2018
Token price - 1 Bitminer Factory = $1
Discharged tokens - 0
Soft cap - 500 000$
Hard cap - 100 000 000$
BMF Token Holders may benefit from the mining contract embedded in the BMF Token by Holding It, Trading It or participating in our Buyback Plan. Holders will benefit from yearly payouts in Cryptos that will be proportional to the amount of BMF; each Token Holder has in relation to the overall amount of BMF Tokens in circulation. BMF will be listed on selected Crypto-exchanges as well.
Token Allocation and Issuance
Use of Proceeds
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