The idea is really simple.
Miner One is a crowdfunded cryptocurrency mining operation built and managed by a team of data centre industry experts and professionals on behalf of the Miner One Community. Miner One Community Members contribute to building Miner One mining centres and share their output transparently and equitably using Ethereum based smart contracts.
To provide maximum mining efficiency, Miner One Management Team obtains cutting edge technology at wholesale prices and electricity at ultra low industrial rates, with high level safety and security measures to protect the Community’s investment. Each Community Member automatically receives access to regular and transparent accounting and reporting on all costs and output.
Miner One Community Members obtain Ethereum based MIO Tokens that represent their participation in Miner One. More than 77 percent of Miner One output, minus basic operating costs including electricity, is distributed to all MIO Token Holders. About 23 percent is reinvested into new mining hardware to keep Miner One mining centres at the cutting edge of mining technology.
They say that as a Miner One Community Member, you will earn, on average, 37% more than by mining at home. Miner One spends 50% less on electricity and 15% less on hardware. Miner One is located in Sweden.
Of all MIO Tokens that will be issued during the Crowdsale that starts February 15, 2018, 82 percent will be available to the public. The remaining eighteen (18) percent are allocated to the ICO Bounty Program (2 percent), Research and Development (6 percent), and Founding (Management) Team (10 percent). Thus, contributors, advisors, and management are all part of the Miner One Community and share an interest in the success of Miner One. The first Miner One mining centres will be built and deployed by mid-year 2018. They will focus on mining bitcoin.
As a MIO Token Holder, you have access to the Miner One B-Wallet, which is your digital wallet and exchange. You can use it to sell, buy, and store cryptocurrency, and receive your share of Miner One output. A Miner One Card will be offered as a debit card for payments and purchases directly from your Miner One B-Wallet.
Website: https://minerone.io
Whitepaper: https://minerone.io/doc/minerone_whitepaper.pdf
DISCLAIMER
- I'm not affiliated in any way with Miner One, I just think it's an interesting project.
- I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
- All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or coin picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.