Look, I'm just a normal person. If you asked me what mining was I would say it had to do with coal or precious metals like gold. I would have thought you were crazy if you told me a few years ago computers could mine digital currency that has huge value and growth potential. But here we are today in a time where the cost computers mining these digital coins is skyrocketing as everyone is going for the gold rush.
Really this is the California gold rush all over again. Every tech person is racing to build the fastest crypto mining machines in order to take advantage of this huge rush. The returns are potentially huge in a short time frame.
As that normal not too techie person mining on my own is out of the question. That doesn't mean I cannot benefit by backing some of the crypto mining projects popping up. One project in particular ETHernitymining https://www.ethernitymining.com/ has caught my attention.
There are of course problems with crypto mining, most notably energy consumption and cost of equipment. Most people realize these two factors make any crypto mining operation hard to pull off.
ETHernity mining has a solid plan for tackle both of these issues. First, they plan to use eco friendly energy sources to power their crypto mining farm. Second, they reached an agreement with a crypto mining rig manufacturer from South Africa for discounted pricing on bulk purchases. Combining the cheap cost of electricity with discounted equipment allows profits for the project to flow much faster.
The mining farm will concentrate of Ethereum, one of the most popular crypto currencies. However, they are agile enough to switch in case there are more profitable coins available to mine.
The calculations for profit potential are huge. With a monthly expense of $130 they are calculating profit potential of $710, each and every month. By month 11, your $130 has returned $8140.
You may think that is amazing but please remember the cost of equipment is very high. Cost is over $8000 to get a mining rig that can pump out this kind of production. In fact, as per below, the break even is around 11.5 months.
Now factor in their reduced electricity costs and the break even date is 2 month earlier.
Don't just take my word for it. There are many websites ranking ICO projects like ETHernitymining but many of them don't have much information. The sites below are all well respected and provide additional information about these projects. Make sure to read multiple sources before backing any particular project.
ICOmarks.com https://icomarks.com/ico/ethernitymining has a 6.5 score highlighting 7.6 for ICO Profile and 8 for Social Activity.
Coinlauncher.io https://coinlauncher.io/ethernitymining-ico has a 7.68 overall rating for ETHernitymining.
One thing to mention, they have an early bird sale going on now. You can get ETM tokens for $.12, but only for a few more days. The price will raise to $.15 for the public presale and $.17 for the public main sale. So get in early to be ahead from the start.
If you are interested in this a idea make sure to visit the home page of ETHernitymining to learn more. I recommend reading their whitepaper before backing any project like this. Most ICOs will answer your questions if you contact them via their website or telegram.
ETHernitymining Homepage https://www.ethernitymining.com/
Whitepaper https://docs.wixstatic.com/ugd/525d48_40cd0fdb82444d828afc83ed0a2f1f19.pdf
Telegram https://web.telegram.org/#/im?p=s1159803948_9410960372074935347
BitcoinTalk.com Ann Thread
Twitter https://twitter.com/hernitymining
Facebook https://www.facebook.com/ETHernitymining-337092196800451/
I am no crypto expert and this blog is not intended to be investing advice. I'm just a normal person like you, so always do your own research. I’m interested in promoting projects like this. I may own these coins soon but do not own any at the time of writing this blog. Learn more about projects I am following via my Twitter and Bitcointalk pages.