BATMINE

INTRODUCTION

Blockchain is originally known as bloc chain, It is a growing list of records known as blocks which is linked using cryptography, each of these blocks contain a cryptographic hash of the initial block, a transaction data and a time stamp.

Since its emergence in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases.

The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.

ADVANTAGES OF BLOCKCHAIN:

Decentralised payment processing,
Creating an immutable system of recording,
Reducing Cost of Transaction and
Enhanced Security.

Now that we have reminded ourselves of what blockchain technology is, let’s look into the subject matter.

ABOUT BATMINE

BATMINE is a blockchain based project whose aim is to eradicate complexities faced by cryptocurrency miners, they intend to provide mining amenities at an affordable rate. They offer miners the opportunity to buy state of the art miners which they can run in any of #batmine establishments, proceeds these miners derives are theirs to keep, they only have to pay a service fee for electricity consumed, operation, service & management.

The team behind the scene of BATMINE are renowned entrepreneurs with expertise in the business, and they’ve invested a lot of time and funds to ensure they get their ideas & formulas right for BATMINE project to succeed. The team is well read and researched in matters of the blockchain technology as well as mining. The mission of#batmine is to make available a safe environment, low electricity cost, and a high hash rate that will generate more proceeds than what miners formally receive. Miners mostly use Antminer S9 which is nothing compared with 55Th/sec #batmine is offering that is nearly the double of what miners are able to mine

BATMINE mining platform will mine Bitcoin, Litecoin, Ethereum and some others initially but they will watch the crypto market for new altcoins doing great and start mining them. Different types of mining hardware will be used with an eye for their life expectancy, hash power rate, energy usage, electricity usage, easy accessibility of spare parts in case of damaged parts, and ability to switch from mining one cryptocurrency to another

BATMINE MINING LOCATIONS

Various factors will be considered before opening any mining center, below are key things to note before a location can be chosen.

♦ A cool climate is very essential because mining hardware do not need a hot environment, it needs proper air ventilation to avoid overheating.

♦ A secure location that allows quick response in case of any emergency.

♦ A good structured building that suits commercial mining operation.

♦ A region with cheap & affordable electricity bills.

♦ A region with adequate green energy at around 4 cents per kilowatt.

BATMINE TOKEN (BATM)

BATM is the acronym of BATMINE TOKEN (BATM) token, this is a utility token which was created on the ethereum blockchain (smart contract) which will be used as the standard mode of payment for services rendered on the platform. #batm will be the driving force in which batmine will ride on, as mentioned above there will be discounts on cryptocurrency mining pool which highly depends on the amount of tokens owned, the more BATM in a particular user’s wallet the more discount they are entitled to.

Benefits of users are numerous, but I'll mention a few, holders will be entitled to earnings gotten from mining activities on#batmine network, earnings gotten from sales of #batmine miner hardware, earnings over custodial services agreement, and earnings over MaaS (hash power, electricity, and related costs) service agreements. These benefits will continue until March 2029 (A period of 10 years).

Holders of BATM will be able to vote for changes they want to be enforced, be part of development planning, discuss community events and matters arising with the executive team members. The amount of BATM owned will determine the weight of the vote casted. To protect the value of WBT, the team plans to burn unsold and undistributed tokens after the sales, no other token will ever be created, minted or mined.