BITMINER FACTORY - ICO & About Bitminer Factory

gugun189 (31)in #cryptocurrency • 6 years ago

After launching their Presale on July 1st, 2018 which ends July 20th, 2018, Bitminer Factory today announced their ICO will start July 21st, 2018 with limited time 12% discount.

Their startup makes the Blockchain sustainable by using renewable energy to mine cryptocurrencies and shares the benefits with token holders. Crypto fans, Miners, and other investors will profit from the exponentially growing demand for energy to power worldwide crypto-mining activities.

Presale ends – 20/7/18

ICO starts – 21/7/18

Tokens to sell – 100,000,000

Presale (currently active)
Dates – 01/7/18 to 20/7/18
Discount – 18% to 20/7/18

Lockup – 3 months
Token price – $1.00 USD

ICO
Duration – 72 days (21/7/18 to 30/9/18)
Discount tier 1 – 12% to 20/8/18

Discount tier 2 – 6% to 20/9/18

Token price – $1.00 USD
Soft cap – $0.5M USD
Hard cap – $100M USD

The Blockchain is a public ledger of a lot of transactions, which keeps increases exponentially. Blockchain allows parties to transact safely in the absence of an outsider intermediary. A lot of quite technical and digitally intensive activities goes behind the scenes in Blockchain operations for the system to continue to function effectively, this is MINING.

A large number of computers around the globe are associated with the Blockchain, each holding a duplicate of the Blockchain history record. There is no official duplicate and no computer is viewed as more substantial than another - they each commonly confirm the ledger and there is no centralized authority. Cryptocurrency transactions are accumulated into what is called blocks which are affirmed to guarantee they are legitimate by the miners. Thorough checking is done before full confirmations in order to ensure the absence of Double-spending. The new coin is created when the correct hash and another block is formed, which would grant the MINER with a unit of the crypto-currency

THE PROBLEM
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.

ABOUT BITMINER FACTORY
Bitminer factory is the first and leading cryptocurrency mining with a team that is full of experienced individuals in both clean energy and cryptocurrency mining. They aim 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.

The Bitminer Factory idea didn’t just come from nowhere today, it has been conceptualized as far back as November 2016. Ever since then, their progress has been huge with their first mining factory which is now unarguably the largest
in Italy. It has been completed and fully operational since April this year, after twelve months of hard work and determination. From just a mere notion to follow up the cryptocurrency direction, today they are at the forefront of it leading the way to a sustainable process for mining cryptocurrencies.

This is not all as the bitminer factor wants to be 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
Reuse of otherwise-wasted energy
Flexibility through mobile mining units
Diversification through Renewable Energy asset ownership
Users and holders of BMF tokens would be able to benefit via yearly payouts of cryptocurrency as a reward for holding. Users and investors can as well benefit from trading them on exchanges. Also, BMF Tokens would be used to perform transactions on the Bitminer factory platform.

BITMINER FACTORY TOKEN 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.