Batmine: A shattering discovery

BatMine is a crypto-mine based on the Blockchain Applied Technology that is superior to other existing crypto mines with relevant operations and services, complete management transparency, legal token framework and an excellent profit sharing formula. All this aforementioned attributes are appropriately invested to ensure enough profit and revenues to be distributed to all stake holders involved in the BatMine project. The superior profitability that BatMine offers is to be extended to other parts of the world with strategic climate conditions, sufficient eco-friendly energy supply and infrastructural adequacy to ensure efficient mining operations and services.

PRINCIPLE OF OPERATION
BatMine focuses on industrial mining where high yielding BTC, LTC, ETH, green energy, ASICs mining hardware and other mining infrastructures are employed to ensure a healthy verification and authentication of transactions to the blockchain digital ledger. BatMine’s operation thrives on its very low electricity consumption, extraordinary hash power which are executed in deliberate locations like Bulgaria and Czech Republic with proper legal environment and the required framework to propagate the services that the BatMine project provides; amongst this services are mining, mining as a service, custodial service and hardware sales. The operation is never complete without the IT mining experts who coordinate the resources and the revenues available using transparent business paradigms for maximum profitability.

CHALLENGES

ENERGY EFFICIENCY: It is a known fact that mining operations especially at an industrial scale consumes a lot of electricity and if this factor if not appropriately accounted for might drastically lessen the profit from mining. This challenge gets even more challenging because BatMine only get energy from environmentally friendly sources of electricity in a bid to ensure a green society and a better climate.

CENTRALISATION: Due to the excessive amount of electricity, highly sophisticated hardware and resources required to mine Cryptocurrencies, mining becomes only possible to only few miners who have the capacity to carry out the operations profitably and most individual miners depend on mine pools. This defeats the decentralization that the blockchain technology represents as the mining operation is supposed to be secured by the diverse type of miners and stakeholders who can be any user but now the mining operation is getting concentrated on the hands of few miners.

HIGH OVERALL COST: The high consumption of electricity, sophisticated hardware and mining infrastructures all represent high costs that easily offsets the profits from mining hence the need for the BatMine to strategically locate in countries like Bulgaria where there is low cost of electricity and their flat tax rate is 10%.

UNIQUE QUALITIES

PROFIT SHARING AND REVENUE DISTRIBUTION: BatMine has adopted a business paradigm and an organizational model with satisfying profit sharing formula, effective revenue distribution and silent partnership. It has a unique token based sharing of profit where BATM Tokens are given to individuals who invest as gifts which can be traded for any of the services or goods that BATM offers. This functional model gives 30% of the revenue to silent patners for 10 years, 33% to replace and maintain hardware and 20% to foster the development of the miners. For more info about the token, go to https://batmine.io/

PROFESSIONAL AFFILIATIONS: BatMine recognizes the strong importance of prudent management of mining resources and effective utility of mining revenues in ensuring consistent and exponential profit making which is why it employs IT mining experts and affiliates with vendors in china and Europe. BatMine is also open to upcoming miners who can provide top-notch mining services.

DIVERSE SERVICES: BatMine basically offers four services which includes mining in which some proof-of-work and scrypt-algorithm coins are mined with keen focus on hash power and energy usage, mining as a service which is designed for users who are not interested in the manual operations as they can start mining in a dozen of hours and the services are obtained through BATM tokens, custodial services in which BatMine hosts customers who want to use or buy BatMine’s equipments.

CONCLUSION
BatMine is a project that tries to financially straighten the unregulated and uncontrolled ICO environment with legally correct and profitable models to ensure that every stakeholder like the vendors, IT mining experts, users etc. are appropriately rewarded despite the challenges that has plagued cryptomining in the past years. BatMine is also very deliberate in ensuring its success doesn’t not harm the environment and the society at large in any way by only working with green energy at all cost. This comprehensive approach definitely shows the capacity of BatMine to reach 19 million EUR in ETH and EUR through ICO. More information about Batmine can be found on https://batmine.io/

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