NEW BuDz - Mining Token Launch Pre-Sale NEW 50,000 tokenssteemCreated with Sketch.

in #mining7 years ago

I am launching a new Mining Pool share based membership. This is not a typical mining pool like everyone is used to. Wikapedia.org publishes its 20170915_183253.jpgdefinition as follows ["In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to solving a block. A "share" is awarded to members of the mining pool who present a valid proof of work that their miner solved. Mining in pools began when the difficulty for mining increased to the point where it could take years for slower miners to generate a block. The solution to this problem was for miners to pool their resources so they could generate blocks more quickly and therefore receive a portion of the block reward on a consistent basis, rather than randomly once every few years."]

Many people wish they could get their hands on crypto currencies, bitcoin still be the number one currency on the digital exchanges. Mining which was possible and profitable in the early days now has gone to multiple mega mining machines that cost and arm and a leg to run and be profitable. I will be building with the help from @phusionphil. The first custom made mining rigs will be built in sections of 6 graphics cards per 1 unit. Phil's Blog details the build of one of his first units, which will be identical to the first machine we build for this mining operation.
(https://steemit.com/mining/@phusionphil/building-a-6-gpu-mining-rig-3-201796t17192059z)
20170915_183834.jpg
The Idea behind this token sale is every token purchased is a share in the "bUdZ Member Mining Payout Pool". The way it works is there are 50,000 tokens. The first month the tokens will be at $ 0.25 U.S dollars. Every token purchase will be a represent a share in the mining Pool. The payouts for the Mining Pool pays 50% of the mining rewards to the share holders or token holders who submit their shares into an escrow provided by us in an offline cold storage account. At no time are you expected to have to enter your shares or tokens into the escrow, you can hold them for as long as you wish, the payment process does not start until you have fully registered with our website after the first mining rig is up and running. In month 2 the price doubles, in month 3 it doubles again staying at 1 dollar until the remaining tokens are sold.

When the rewards gets divided the Mining rig takes 50% the Mining Pool Takes 50% and your shares are based on how many tokens you hold in the escrow. Make sense? Here's the link to the start of the first token sale. On Oct 16 the tokens will increase by 25 cents to 50 cents.

Get your early tokens here

SteemSaunders aka brad-saunders

check out my other blog post about witnesses on steemit here https://steemit.com/witness/@brad-saunders/why-does-steem-need-witnesses-steemsaunders-aka-steemit-com-brad-saunders

Written with StackEdit.20170915_183856.jpg

Sort:  

This post was resteemed by @resteembot!
Good Luck!


Curious? Check out:


The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.

This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

what is this may I ask?

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by SteemSaunders from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 64118.79
ETH 3390.14
USDT 1.00
SBD 2.51