Introducing easyMINE - Cryptocoin mining made simple
Background of Cryptocurrency Mining
Cryptocurrencies were still their infancy, the statement is undoubtedly true as we can see in this article that the market cap of $150 billion is still tiny compare to others such as gold, fiat etc. Ways in getting cryptocurrency varies, proof-of-work, proof-of-stake, proof-of-activity, proof-of-space, just to name a few, and currently the most used protocol is still proof-of-work - or traditional GPU/CPU mining that associates with s Bitcoin, Ethereum and Ethereum Classic, or Litecoin, staking a whooping $100 billion in the current market.
Problem associate with proof-of-work mining
In order to properly participate in proof-of-work mining activities, ones have to prepare its equipment nice and sharp, suitable hardware and proper configuration had to be made in order to maximize operational efficiency, the process could be extremely tedious for non-technical person trying to glimpse into the cryptoworld. Hence, most of the people prefer to buy or stake coins rather than mining them.
In order to maximize ROI in mining, dozens of miners had make their configuration wrong, or in state which is not sustainable that ultimately damage their processing cards. The delicate balance of performance, stability and energy consumption is complex to maintain even the most experienced miner in the ecosystem.
WHY EASYMINE?
In short, easyMINE comprises sets of solutions that leverage all the problems mentioned above. The project embraces machine learning as well automation in mining processes by removing much of human involvements in supervising cryptocoin mining equation. The development team even foresee their product as being capable to reach far beyond simple automation, Dr. Andrzej Buller, one of the easyMINE team's machine learning expert mentioned that:
“Our system will be capable of ‘learning’ from prior ‘experience,’ drawing informed conclusions from accumulated data and applying them to new situations.”
easyMINE's platform is meant to be used by every level of miner, no matter you have 0 relevant experience in mining or experts that wanted a solution to automate your profit, easyMINE has it's cover for you. Furthermore, the implementation of their solution only involve 3 steps!
So basically what you gonna do is just to:
- Install easyMINE customized LINUX-based OS
- Plug in your GPUs
- Boot it up and START MINING!
Using easyMINE OS as the intelligent platform, users can also exercise manual controls o with their mining rigs using both web app or mobile app
What's the underlying technology of easyMINE?
According to the official statement by their technical teams, easyMINE was dubbed with its first-of-a-kind "Autonomous Cryptocurrency Mining Controller (ACMC) technology" that utilize a three-level semi-neural architecture inspired by latest research in psychodynamics and fuzzy knowledge processing, and ACMC is expected to utilize self-analysis and self-optimization algorithms so that each set of mining rigs will deliver excellent hash rates, high levels of stability, and reduced operating costs according the Andrzej Belczak, CEO and founder of easyMINE.
On the other hand, you can think of the technology as simple as how washing machine nowadays that equipped with "fuzzy cleaning" function, can work the best way to clean your clothes while saving water and electricity, cryptocurrency mining is similar as well as lots of operating parameter needed to be configured along the optimization process.
You can access all the technical details through their official whitepaper.
Development RoadMap
easyMINE had a clear vision on its development activities as concepts are transformed into beta software each quarter, eventually a fully functional easyMINE OS mentioned in the deliverables would be released at Q3/Q4 of 2018.
The easyMINE Team
easyMINE comprises of experts across the globe, the software development is handled by another IT company GRUPA IT.
Get in touch with all the core members of easyMINE here.
Initial Coin Offering (ICO)
To fund their development and marketing activities, easyMINE is offering 27,000,000 EMT TOKENS based on Ethereum Classic platform, the ICO starts on 24 Aug 2017, ends at 27 Sep 2017 these coins are expected to be available on various market exchanges on third quarter of 2017. Unused token would be burned to preserve value.
EMT tokens will be used as the sole form of payment for easyMINE services. easyMINE users will make prepayments to their individual EMT accounts. Fees for easyMINE services will then be automatically deducted from the account balance.
Bonus structure:
Up to 2,000,000 EMT sold – 1 EMT = 0.0007 ETH , Up to 2,000,001 to 4,000,000 EMT sold - 1 EMT = 0.00075 ETH, 4,000,001 to 27,000,000 EMT sold - 1 EMT = 0.0008 ETH
Token distribution date:
Immediate after purchase.
Check out their ICO details now at https://ico.easymine.io!
To learn more about the project, visit:
Official Website
Bitcointalk Forum
White Paper
Facebook
Twitter
Slack
Youtube
Thanks for reading!
Written by Wayne Chong.
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