I could remember the first cryptocurrency I acquired years ago, the feeling was really nice why because I finally get to know what it feels like, how to trade it etc.
It was, later on, I realized that apart from buying cryptocurrencies either from ICO or exchanges there are other ways of acquiring it, which is through mining; with appropriate settings etc, one can successfully mine certain cryptocurrencies.
Thus one can agree that within the crypto space, there are many opportunities and possibilities which go a long way to show to the world at large that blockchain technology and as such cryptocurrency is the next big thing.
Talking about mining, there are many ways to mine cryptocurrencies or various ways to get started with mining; which can come in the form of Home mining, Cloud mining and Industrial mining.
Just as it is in the world today, certain systems have their own advantages and disadvantages, while most have a high ratio of disadvantages as compared to advantages, the reverse is also the case for some. With that being said, in the cryptocurrency mining industry today, Home mining is easy to set up but has proven not to be profitable due it's high energy consumption.
On the other hand, Cloud mining is only suitable for private or individual mining, it can be assumed to be easy to set up but plagued with various issues such as lack of transparency and control over the equipment as well as its maintenance. Individuals who later gets associated with this type of mining are at the mercy of the person or individuals who set it up as there is no contact whatsoever with the equipment suppliers nor is there an overview of the equipment price and models. In addition to these issues is the anonymous way of the mining facility as well as its capacity, no overview on costs or spending. Through this way, one can see that the disadvantages associated with Cloud mining surpass its advantages (if any).
Furthermore, the last type of mining known as Industrial mining has proven to have more advantage than its counterparts. Industrial mining is for corporate businesses and has proven to be profitable and lucrative especially when mining is done via the use of ASICs mining hardware. Thus owing to its advantageous nature it has succeeded in drawing more interaction from all players in the mining industry be it mining equipment developers, miners etc.
But yet, this type of mining has its limitations which is, it requires high expertise, it is expensive to set up as well as to manage and owing to this high costs it is less accessible to most miners.
Nevertheless, owing to the lucrative nature of Industrial mining, a group of experts aims to make Industrial mining accessible to all, thus solving these issues through building a crowdfunded industrial mining farm known as BatMine.
WHY BATMINE?
The team behind BatMine aims to offer a unique industrial mining farm which is entirely different from what is existing in the crypto space today, thus offering a Blockchain Applied Technology (BAT) mining platform which will be manned by experienced blockchain experts and cyber artisans, thereby giving rise to a platform with great expertise.
This mining industry born out of the combination of blockchain experts and cyber artisans will be profitable, fast, advanced and sustainable thus paving way for all and sundry to join and become members irrespective of their location.
Talking about profitability and sustainability, BatMine will be based in Europe, as this location or continent has proven over the years to be friendly and safe for crypto-related businesses.
Unique Attributes Of BatMine
In order to solve the issues found in industrial mining, BatMine aims to offer a high-performance and high hash speed mining facility which will ensure all-round profitability while utilizing low electricity cost and low electricity usage per miner.
Owing to its uniqueness, BatMine will be a sole created industrial mining based on the innovative high capacity mining equipment used for BTC, LTC, ETH and other GREEN energy.
In other to ensure all is in accordance, BatMine will use miners featuring up to 55 Th/s which consumes low electricity for the mining of BTC.
In the same way, BatMine will offer other services which will be used to ensure the mining facility maintains the status quo while growing to be the best in the world. With that being said, BatMine will offer services such as;
a. Mining of cryptocurrencies.
b. Mining-as-a-Service (MaaS).
c. Custodial Services.
d. Sales of mining hardware as well as in-house developed miners.
In a bid to become a world-class mining facility, the team behind BatMine aims to associate with top-notch developers who specialize in cutting edge chip and miners.
Through this way, BatMine will succeed in creating a new chip as well as miner which will be used for LTC and ETH mining and will be sold in the market.
CONCLUSION
BatMine will be a mining facility which will introduce a new era of mining activities where users will be comfortable. They will be exposed to services which will serve them well and proper such as MaaS, Custodial Services etc.
In order to ensure fairness, BatMine aims to use Silent Partnership way of investing, unlike ICO, through this way providing legal right and profit sharing to investors.
The BatMine token will be a utility token with a total supply of 350million. It will have the ticker BATM and will be based on Ethereum blockchain. Being a utility token it will be used for the exchange of BatMine services both for mining services and custodial services.
TO KNOW MORE ABOUT BATMINE
Join the Telegram Group: https://t.me/batmineICO
Follow on Twitter: https://twitter.com/batmineico
Follow on Medium: https://medium.com/batmine
Follow on Facebook: https://www.facebook.com/BatMineICO/
Website: www.batmine.io
Whitepaper: https://batmine.io/download/1/
One-pager: https://batmine.io/download/2/
Writer's Bounty0x Username: Emmy92