BATMINE: INTRODUCING SERVICES WHICH WILL HELP ENHANCE CRYPTOCURRENCY MINING

aaaadeny (38)in #blockchain • 6 years ago

Introducing Cryptocurrency Mining And Its Underlying Issues
A friend once said, mining is another way of acquiring free cryptocurrencies. I tried asking what he meant then he Introduced me to an online mining website, where he mines certain cryptocurrencies such as BTC and ETH. But later he gave up, the reason being that it is tedious, time-consuming and the payout was little to nothing.
Yes, he succeeded in mining but yet the processes involved was nothing to write home about. He opened my eyes to crypto mining and later I realized there are many types of cryptocurrencies mining.
With that being said, cryptocurrency mining can be done in various ways either through Home mining, Cloud mining and Industrial mining; similarly, as they are different in all way round so is the issues associated with them. In accordance with this, a study has shown that Home mining isn't beneficial and this absence of productivity can be connected to its high power cost.

The second type of mining known as Cloud mining is effective for private people while on the other hand its issues is that it lacks straightforwardness or better still transparency, in addition, there is an absence of authority over the mining equipment, its support as well as the overview on related costs. Moreover, Cloud mining is constrained by the absence of contact with hardware providers, no idea on mining capacity and reliability; to make it worst the area or location of the mining facility is anonymous.

On the hand is Industrial mining which has proven to be productive in this way being a sort of mining farm for corporate organizations. Inferable from its method for mining through the guide of ASICs mining equipment, Industrial mining has additionally turned out to be rewarding, in this manner making it the trending mining farm for miners, mining groups and so forth.
However, even at all these points of interest, Industrial mining has its issues such as requiring a high measure of capital for set up. It also costs a lot to oversee and because of these underlying costs, Industrial mining has proven to be out of reach for some private miners and organizations.
Industrial mining also requires a high level of expertise so as to provide the required results.

THE SOLUTION: BATMINE

The simple solution to all these issues in the mining industry is a platform known as BatMine. In other words, BatMine intends to be an Industrial Scale Mining Farm which will be crowdfunded therefore resulting in a mining facility which will be helpful, beneficial and sustainable.

BatMine aims to be a first-class mining facility which will fulfil the necessities and inclination of crypto miners. By being a Blockchain Applied Technology (BAT) platform, BatMine will be effective, which is accomplished attributable to the reality it is driven by proficient cyber artisans and blockchain professionals. Since mining has proven to emit a reasonable about of heat and also since a cooler climatic conditions are needed in crypto mining, BatMine will in general build up its platform in the Czech Republic, this is on the grounds that, the Czech Republic has a cost-effective energy, outstanding economy and effective legal services which will empower BatMine to remunerate its members appropriately.

Why BatMine Is Needed
First and foremost, BatMine is manned by a skilful team with significant experience, owing to this, the mining facility will result to an Innovative, profitable and sustainable cryptocurrency mining company available to all who wishes to be members without any geolocation restrictions.
BatMine will be a solitary platform using creative and high-performance mining equipment which will be utilized for BTC, LTC, ETH and so on, through this way guaranteeing there is elite and quality services.
For BTC mining, BatMine will utilize an innovative miner which utilize low power with highlights up to 55Th/s.
On the other hand for LTC and ETH, BatMine will utilize a chip with highlights of low energy utilization, a chip having a 10nm, 5M scrypt hash per chip.

Moreover, by working with inventive chips and miners, BatMine expects to be the pioneer in the mining business; which is further accomplished by working closely with experienced chip and miner developers. In the same way by working with their innovative research and development team, BatMine will produce a miner for LTC and ETH. This chip will likewise be sold to the market.

BatMine Innovative Services
a. Custodial Services: This service will be for members who have a piece of mining equipment however needs specialists ( custodians) who can oversee it for them.

b. Mining as a Service (MaaS): This service will be for members who would prefer not to possess mining equipment however wishes to take an interest in mining exercises.

c. Mining of cryptocurrencies through which BTC, ETH, LTC and other PoW (Proof-of-Work) coins will be mined. The addition of more coins will be done once the appropriate requirements have been met.

d. Equipment or Hardware Sales: This will involve the selling of miners and chips, while members or token holders get a share of the benefit.

CONCLUSION

The BatMine token will be built on Ethereum blockchain and will have a total supply of 350million. The BATM will be utilized to exchange services associated with the BatMine platform.
The BatMine team aims to offer a rewarding and gainful method for mining which is accomplished by consolidating low power cost, high hash speeds and low power use per miner.