Securix: A gross revenue share Bitcoin mining operation

bonanza-kreep (66)in #blockchain • 6 years ago

Bitcoin mining at home is increasingly no longer worth it in this age of ASIC miner. Even mining pools cannot hope to compete in sheer efficiency and profitability with industrial Bitcoin mining farms. Worries emerged that Bitcoins and the associated profits may end up being concentrated in the hands of a few companies. Bitcoin mining ICOs that offer ordinary people a chance to profit from this trend have become unsurprisingly popular. Unfortunately, many of them are either outright scams or somewhat dishonest, with hidden costs and other complications cutting into the promised return on investments.

https://securix.io/

Fintech Capital BV has come up with a promising new ICO in that vein. Like its competitors, Securix will mine Bitcoins using ASIC miners in a dedicated facility. However, unlike most Bitcoin mining companies, it will offer its investors a share of its gross revenue rather than net profits, guaranteeing that there will be no hidden costs.

How will Securix work for you?

The Securix facility in the coastal Netherlands will mine Bitcoins using the latest ASIC mining hardware (yet to be selected). It will be powered by renewable energy acquired through the EAN-2-EAN platform. At the end of each month beginning with January 2019, holders of the company's SRXIO tokens will receive automatic payouts from a pool of 45% of the farm's total mining income (before deductions) proportionate to the amount of tokens held. Securix will convert Bitcoins into Ether so as to make use of smart contracts on the Ethereum network for the transfers. 15% of the tokens will belong to the founders and will be impossible to sell until October 2019, giving them skin in the game.

Once it is released, investors will gain access to the Securix Mega Vault mobile app. In addition to working as a wallet, it will let them see their SRXIO tokens, output balance, the hashing power and monthly mining volumes of the facility and Securix' news and updates. Securix will reinvest some of its remaining profits into new hardware. At the same time, it will run a SRXIO buyback and burn program. If it becomes more profitable, the hardware could be used to mine Bitcoin Cash instead.

What gives Securix an edge over similar projects?

The Securix team has a strong background in both financial services and blockchain technology. Fintech Capital BV has many partners in different parts of the Dutch business world. Its present venture benefits from the Netherlands' comparatively cool climate, stable political conditions, favourable business legislation, reliable power supply and the fastest Internet connection in Europe. The gross revenue share is the least complicated form of revenue sharing, and together with the company's extensive documentation, it promises a substantially higher standard of transparency than is the Bitcoin mining industry norm.

Perhaps most importantly, Securix has already acquired the building it intends to use as its mining facility. It is a former sugar factory with low indoor temperature due to its thick walls. This should keep both the environmental impact and the threat of overheating to a minimum, while allowing the staff to use the excess output for their heating needs. As such, the operations should be both eco-friendly and very efficient.

https://securix.io/

Token sale details

A reliable and transparent Bitcoin mining investment

While the price of the Bitcoin is given to serious fluctuations, it seems likely that its long-term trend will remain favourable enough for industrial-scale mining to be profitable. Eventually, the last Bitcoin will be mined, but that is unlikely to be any time soon. In the meantime the increasing difficulty should make it go up in value.

Although Securix' payouts will be done in Ether, they will, of course, be tied directly to the value of the Bitcoin (or, perhaps, of Bitcoin Cash). This is something it has in common with most Bitcoin mining operations, and puts it at a disadvantage compared to more versatile operations that mine a larger variety of cryptocurrencies. But there is something to be said for being focused. Taken together with the high standard of transparency and credibility that make Securix stand out among its peers, that approach should make it worth considering.