There has been a variety of unique digital assets since the development of blockchain technology, this creating countless opportunities for mankind. Therefore, funds are stored safely and transactions securely done at a more convenient rate.
Good number of digital currency users have discovered and joined the crypto world through undertaking the mining process. Crypto mining has become an area of interest for entrepreneurs and investors rather than individuals.
As blockchain technology is becoming more advanced, more and more people are ready to move from fiat-based to blockchain-based financial systems. Since January 2017, the total cryptocurrency market cap has increased from 18B USD to over 450B USD as of May 2018. (See Figure below)
General Issues in Cryptocurrency Mining: Miners tend to invest more kilowatt-hours to receive the same returns for their inputs. The efforts of the miners often result to increase in electricity usage.
Figure 2: Comparison of worldwide electricity consumption to Bitcoin price in 2013-20172
TECHNOLOGY AND SOLUTIONS
- Generation of Solar Energy
ZERO* Power Cost Strategy- Location
Mobile Blockchain Datacenters
Electrominer Mobile Datacenter Units are housed in shipping containers, allowing high mobility for easy transportation. The maximum power load of one unit is approximately 165 kW/h, including mining hardware, cooling, control, and security systems.
Figure 10: Preliminary Datacenter Design
Cloud Mining Platform
The Electrominer Cloud Mining Platform is a well-developed web portal. It enables users to rent our powerful hashing power to mine a variety of coins, track the status of the mining process, and receive real time support from the Electrominer Team when needed. The aim is to make the mining process less complex, more profitable, and affordable.
How It Works
Buy Tokens
Since holding Electrominer Tokens (ELM) is a requirement for accessing the mining platform, you will need to maintain a balance of Electrominer Tokens in their verified Ethereum wallet.Purchase Membership Status.
To start placing mining orders, you will be required to purchase an annual Electrominer Membership subscription set at the rate of 1% of the total amount of ELM held by all members.Replenish Your Mining Balance
To rent hashing capacity, users need some crypto-funds on their mining balanceChoose Your Coins
Users will be provided with a wide variety of coins available for mining. For your convenience, we will provide helpful data about each mineable coin, including general information about each coin and calculated estimations of profit by the hour, day, and week.Place Your Order
After evaluating the profitability of mineable coins and a decision is made, the only thing left to do is to start mining by setting the hashrate limit and amount of ELM to spend on the order.Get Rewarded.
Mined coins will be transferred directly to your wallet — you set the wallet address, we send the profits!
MEMBERSHIP STATUS
Electrominer Membership is an Ethereum-based ERC20 smart contract which represents the guaranteed share of Electrominer mining capacity available for rent. Membership Status to the Electrominer Cloud Mining Platform is a precondition for getting an access to the Mining Capacity.
The satisfactory completion of both Anti-Money Laundering (AML) and Know Your Customer (KYC) screenings is required before receiving any number of tokens which exceeds the equivalent of $2,000.
DEVELOPMENT AND ROADMAP
All executive members of the team and board members of electrominer have invested personal funds to establish mining facilities and the company. Management of the company intends to use the remaining start-up capital to fund further development and mining opportunities.
Electrominer Token Sale
Token Supply
There is a fixed total supply of 100,000,000 (one hundred million) Electrominer Token Memberships with a fractional supply in circulation representing only those who have not been redeemed and now are held for sale on the platform. Electrominer Token Memberships are sold in whole integers with no minimum limit. The Electrominer Token (ETH) wallet balance of user will be indicated it the Electrominer User Account dashboard.
Token Sale Plan
The goal of the ITO (Initial Token Offering) is to raise funds equaling $50 million to launch 7.5 Mega Watts mining facility and power it by own clean renewable energy. The funds will be used for setting up the solar energy generating plant, purchasing diversified mining hardware and setting it up into mobile datacenters.
Each Electrominer Token represents a share of available mining capacity. To buy a token means to become a Electrominer community member and to get access to the Mining Platform.
Total Token Supply: 100,000,000
Available Tokens: 700,000,000
Pre-Sale: August 15th, 2018
Main Sale: September 15th 2018
ITO Funds Usage
Funds received from the Token Sale (ITO-Initial Token Offering) will be used for the development and expansion of the Electrominer Self-Powered Blockchain data center facilities and development of the Cloud Mining Platform.
Token Sale Procedure
Users who do not have an Electrominer account should sign up on electrominer.io before they can proceed to the Electrominer account, where the ITO participation link will be distributed.
Team
The members of Electrominer’s team are experienced entrepreneurs, architects and IT engineers. The team is complete with legal, business and marketing professionals.
For more information, visit:
https://electrominer.io/docs/white_paper.pdf Whitepaper
https://electrominer.io/ Website
written by Delightme
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