INMINING
Bitcoin mining (Bitcoin Mining) is one way to get Bitcoin. As mentioned earlier, we can see Bitcoin as a large global cash system that stores transaction history (or 'money movements') from one person to another. When Bitcoin transactions are processed on the Bitcoin network - meaning that Bitcoin is being moved from one person to another - one needs to ensure that all transactions are recorded correctly and that the cash system is synchronized throughout the world.
INMINING will allow all interested users to participate in industrial-scale Bitcoin mining without having to buy expensive equipment or join a mining group. The project will be centered around Russia's largest data center, which will be built in the Alabuga Special Economic Zone. As a resident of SEZ, INMINING will enjoy significant benefits, which will provide a serious competitive advantage and maximize the benefits of mining.
The dynamics and trends of 2019 mark the 10th anniversary of Bitcoin. More than a decade, prices have grown by a factor of 2 million. Market capitalization increased 20 times compared to 2013. Bitcoin is traded on more than 400 exchanges, along with 1500 altcoins and tokens.
Although the growth of the Bitcoin market has returned in Q2 2019 after a long decline, the mining company Bitcoin still faces several challenges. Rising energy prices, lack of technical competence, low profit margins, high taxes, increased pressure from the authorities, lack of locations with the necessary infrastructure - these problems all cause many mining companies to fail and close.
INMINING will solve all the problems listed above thanks to its unique location and chosen technological solution. Very low electricity prices in the Alabuga KEK (only $ 0.025 per kWh), together with sufficient tax and customs benefits, will enable the project to maximize its profits.
At the same time, BitFury container mining solutions will ensure maximum capacity and mining efficiency on an industrial scale.
This project will create value that is distributed among token holders thanks to an innovative lottery model that will allocate a portion of the mining profits between users. Another part of profits will be reinvested in new mining equipment to compensate for the possible decrease in the level of profit margins in the future. But another part of the profits will be allocated to buy back INMG tokens on the open market and then burn them to maintain the long-term stability of the tokens.
Current problem in mining Bitcoin
Stricter regulations
Authorities from many countries are considering a full ban on mining for both companies and individuals. In particular, mining will soon be banned in China, which holds more than half of the world's mining hashrate.
Lack of infrastructure
Mining companies need separate and secure areas; 24/7 access; professional technical support; and much more.
High energy costs
Some jurisdictions can offer affordable electricity and the measurable access needed to build a successful mining operation.
Excessive taxation
Tax often takes up most of the profits.
INMINING Solution
INMINING uses an innovative approach that will solve all the problems outlined above. Data centers will be built in the Alabuga Special Economic Zone in southern Russia.
Finding the location of a Bitcoin farm in the SEZ will ensure maximum profit not only for the project organizer but also for all token holders:
Lower electricity costs:
Although cloud mining agriculture is usually located in countries where energy is relatively cheap (for example, China, Iceland, Sweden, Georgia), they still cannot compete with INMINING for only $ 0.025 per kWh.
Sales are not contracts but tokens, assets that have their own value:
Cloud mining customers must first pay a fixed contract price (from $ 0.5 for 10 GH / s) and then daily management fees without receiving any assets in return. INMINING members, on the other hand, will not only get the right to take part in the lottery and win some Bitcoin mined by the project, but they will also receive tokens that they can dispose of freely.
Possibility to join at any time:
Token INMINING will be freely available not only during tokensale but also afterwards, on cryptocurrency exchanges. Likewise, anyone who wants to become an INMINING member can do it anytime. Cloud mining providers regularly stop selling Bitcoin contracts when they don't have free mining equipment available.
Transparent process:
INMINING data center will be built in the coming months, and its location in KEC Alabuga is well known. This distinguishes the project from cloud mining providers, who often do not have their own mining equipment.
INMINING a business model
Electricity costs and other overhead costs
Re-investment in new mining hardware - 50% of profits
Buy INMG by burning further - 15% of profit
Lottery among token holders - 35% of profit.
This procedure will have several positive effects:
Maintaining long-term token stability
Increase liquidity and trading volume
Motivate INMG holders to maintain their tokens, which will add stability.
Benefits of containerized mining solutions:
- Minimal fee
- Fast delivery to site
- Quick setup and launch
- Function without interference even in difficult conditions
- Protection from rain, snow and bad weather
- Mobility
- Ease of use
- Remote monitoring and management
- Company class quality
- Easy upgrade
- Environmentally friendly
- Simple design
Initial Token Offer
- Ticker: INMG
- Standard: ERC20
- Decimal number: 18
- Total Emissions: 150,000,000 INMG
- Minimum purchase amount: $ 100
- Payment method when buying on the exchange: BTC
Distribution Token:
- 75% - sales tokens
- Team - 15% of all tokens sold, but no more than 15% of total emissions
- Prize campaign - 8% of all tokens sold, but no more than 5% of total emissions
Budget Allocation:
- 85% - mining, installation and installation of hardware, land leases, infrastructure
- 13% - overhead, including marketing
- 2% - other expenses (including legal fees)
Roadmap
Q1 2019:
Begin to prepare the construction of data centers; team building; negotiations with representatives from the Alabuga special economic zone.
Q2 2019:
My choice is for equipment manufacturers, forming marketing partnerships, working on technical documents and tokens, official documents that are verified.
Q3 2019:
The marketing campaign, the launch of the prize campaign, began with closed pre-sales.
Q4 2019:
Lose public rounds, give tokens, register for the first crypto exchange, start building data centers, buy mining equipment, expand the team.
Q1 2020:
AC BlockBox payment and delivery, installation and configuration, data center launch, work on interfaces for lottery and polling.
Second quarter of 2020:
First income, register on five other cryptocurrency, hold lottery and vote.
Q3 2020:
The first lottery and survey.
Q4 2020:
The first round of confiscation and arson.
Q1 2021:
Buy and launch another mining module.
TEAM
To get clearer and more accurate information, please visit the link below:
https://inmining.io/files/white_paper_english.pdf
https://inmining.io/en/
https://twitter.com/inmining_io
https://www.facebook.com/inmining.io/
https: // t.me/inmining_en
https://www.reddit.com/user/INMINING
Author: Mikdad1018
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2343017