Bitminer: Blockchain Sustenability Through Renewable Energy resources

The blockchain technology could be said to be the 8th wonder of the world. It is arguably the subsequent revolution birthed by the coming of the internet. Hence, it is sometimes regarded as internet 3.0. So many crypto’s have been birthed over time popular amongst which are bitcoin, ethereum and litecoin, to mention just few. These digital currencies do not just come into existence. Similar to how our traditional fiat are minted, the digital currencies are actually mined through the solving of complex mathematical computations.

According to Wikipedia,

Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions (and a “ mining rig” is a colloquial metaphor for a single computer system that performs the necessary computations for “mining”. This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Mining is actually a process which depends largely on availability of electricity in non stop fashion. Arguably, the process of mining consumes as much electricity needed to power a whole state. Examples abound limited amongst which are Singapore, Peru and Portugal.

There is an obvious need and desire to make this process more sustainable. And this is what Bitminer Factory is offering to the ecosystem. Bitminer is a startup from Angeli’s Group, constructors and energy producers for 40 years. With more than 20 collaborators and more than €3M revenues, it is the largest industrial crypto-mining group in Italy. It is a leading cryptocurrency Mining Operation fed with Renewable Energy and managed by a Team of clean energy and mining experts.

Without mincing words, Bitminer is offering the following values to the market:

• Committed usage of clean energy: it seeks to utilize an increasinly higher amount of energy from clean power sources, such as hydro and solar plants. It plans to move its decentralized mobile farming equipment close to eco-friendly sources, drastically reducing the amount of CO2 that would be otherwise needed if the traditional options are explored.
• Reuse of otherwise-wasted energy: Partnerships that allow it (Bitmner) to tap into some otherwise unused and redundant energy sources, minimizing the need of producing additional energy, are being worked upon. These partnership deals, when fiinally sealed will be of great advantage to our environment while guaranteeing the availability of electricity at low cost.

• Flexibility through mobile mining units: its mining units can be easily moved around and as such easy to reach the plants that have the highest spare capacity from time to time, or new purposely built renewable power plants.
• Its operations bypasses all the intermediaries between energy production and utilization. More so, it will be able to sell energy to the national grid, generating an additional, stable stream of profits, to be used for its token-holders and for reinvestment in its operations.

Tokenomics:

The BMF token, based on the ERC20 standard on the ethereum blockchain, will power the Bitminer ecosystem. The maximum total token emission is just 100 Million and are being issued through a process of Initial Contract Offering which grants the potential token holders some contractual rights which are outlined in the Whitepaper.

The tokens shall be distributed as follows:

The above chart means that 88% BMF purchased by Token Holders, 10% BMF will be issued to Bitminer Factory Management and 2% BMF will support Bounty Program and marketing effort. All BMF tokens will be issued at the End of the ICO, on 30/9/18, to Token Holders who have purchased the tokens.

The token sale commenced on 26th of May, 2018 with a 20% discount and shall come to an end by 30th of September 2018. Purchasers of BMF have the following options:

1. Holding it to receive yearly payouts in cryptos and benefit from AIM Listing.
2. Trading it on exchanges when listed
3. Sell it back to Bitminer by virtue of its buy-back plans.

ICO STRUCTURE:

The soft cap has been set at $500,000 USD while the hard cap has been pegged at 100,000 USD. The funds realised shall be put to use in the following ways:

Team:

In conclusion, sustaining the ecosystem through renewable energy resources is actually at its teething stage and the best time to tap into that potential goldmine is now. Do yourself a favor of participating now.

More information can be gotten from the links below:

Website | White Paper | One Pager | Pitch Deck

Social media:

Twitter | Facebook | Github | Medium | Telegram

BountyHunters ID: Iyanda Rauf (15332)