Cryptocurrency mining has changed. While it is still possible to mine some of the newer currencies with your own computer, the processing power needed to produce the most lucrative coins is beyond the reach of most individual users. Alternatives such as mining pools and cloud mining have emerged, but they still struggle to compete with the big ASIC mining companies.
https://www.mineredge.io/
This means that, contrary to the long-held values of the cryptocurrency community, much of its wealth will be concentrated in the hands of the few. Of course, not everyone is willing to take this lying down. One of the alternatives that have gained prominence recently is cryptocurrency mining companies that would share their profits directly with their investors through smart contracts. That, in a nutshell, is the model proposed by Miner Edge.
What will Miner Edge do?
Miner Edge plans to establish cryptocurrency mining centres in the Canadian province of Manitoba. It intends to lease buildigns near reliable sources of hydroelectric energy and purchase cutting edge ASICs (such as Ebit E10) to mine different types of cryptocurrencies. Initially, Miner Edge will mine Bitcoin, Ethereum, Dash, Monero and Litecoin, though it plans to add other coins eventually. Using specialised facilities and equipment would allow Miner Edge to carry out non-stop mining and maintenance. To that end, its mining centres will be equipped with backup servers and power supply units.
75% of all mined coins will be distributed to Miner Edge token (MET) holders in proportion to the number of tokens held using smart contracts. The rest will be reinvested to continue the company's growth. The company will use several hot and cold (online and offline) wallets to store coins in order to ensure their safety. As for MET, it will be possible to store it in any ERC-20 compatible wallets. Additionally, Miner Edge plans to launch its own wallet by the end of 2018.
What makes Miner Edge an appealing offering?
Miner Edge is ran by a team of experienced professionals from different fields, including a number of cryptoindustry veterans. Compared to other such operations, it is fairly transparent and straightforward about its plans. Unsurprisingly, it has drawn a lot of positive attention from the community. That is because it speaks both to the material needs of its members and to growing concerns about cryptocurrency centralisation and the climate impact of mining. This impact should be kept to a minimum by using renewable energy.
Basing the initial mining operation in Canada offers many advantages. Canada's energy infrastructure is one of the world's best, which explains its existing popularity with miners. Other reasons include its stability, rule of law and a cold climate that should make it easier to keep equipment from overheating. Of course, the strongest point of Miner Edge's approach is redundancy. It will mine different cryptocurrencies and have backup equipment for mining and storage, so if something goes wrong, it should not affect it much. But this approach also applies to geography. Eventually, the company intends to bring its operations to other countries, such as Iceland and Georgia.
https://www.mineredge.io/
Token sale details
A simple proposition for a new stage in mining
Miner Edge has a simple, no-frills proposal. In practice, much of it is still up in the air. It still needs to lease the buildings, pick and buy the equipment and commence operations. But if all of that goes without a hitch, it would offer a sizable and secure passive income to all of its investors. Its proposed approach, if adhered to scrupulously, should make this the most reliable mining option available.
To some, the switch away from cryptocurrency home mining is both tragic and dangerous. But it happened anyway and all attempts to reverse it so far appear to have been very short-lived stopgaps. ASIC mining is most likely the way forward, but it need not take cryptocurrencies away from ordinary users. Projects like Mining Edge offer a plausible way to distribute the wealth while bringing profits to everyone involved. That may make them an acceptable compromise that would bolster the health of the industry in the longer run.
Links:
Website: https://www.mineredge.io/
WhitePaper: https://www.mineredge.io/whitepaper.pdf
Telegram: https://t.me/mineredge
Facebook: https://www.facebook.com/mineredge.io/
Twitter: https://twitter.com/mineredge1
Medium: https://medium.com/@mineredge
ANN: https://bitcointalk.org/index.php?topic=3254596
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.