Blockchain has very well been a technological revolution right from when it was introduced to the world. The blockchain technology was introduced to the world in 2009, when the first ever cryptocurrency, Bitcoin, was created. Following the creation of Bitcoin, several other cryptocurrencies were created and these cryptocurrencies all have roots in the blockchain technology. Blockchain technology has been used to solve a lot of problems, problems in healthcare, problems in transportation, problems in finance and it's still been applied to solve a whole lot more problems. The creation of cryptocurrencies led to a series of chain reactions, cryptocurrency exchange platforms were created to facilitate cryptocurrency trading and exchange from cryptocurrency to Fiat currency or from cryptocurrency to other cryptocurrencies; now cryptocurrency mining is the new order of the day.
Cryptocurrency mining is the process of solving computational problems by creating complex algorithms and once the problem is solved, a portion of the cryptocurrency being mined at that point would be awarded to the solver of the problem. This seems like a no big deal but it is; cryptocurrency mining is not just being done, it entails a whole lot of processes and not just that, it requires some really powerful and heavy equipment, equipment that require tremendous amounts of power supply. This is a really big problem and for starters, this enormous power consumption is simply unsustainable and unfortunately, mining activities would keep rising as more miners are joining the mining space and the really sad part is that most of these miners make use of really heavy equipment that draw on a lot of power but they do not even know where the power originates as long as they get to make use of it.
As power is being consumed to mine cryptocurrencies, more power is needed to be produced to help the continuation of the mining process and even accommodate more miners joining the mining space and as per the needs of miners, more power is generated but at a really cost to the environment and the mining activities cannot stop because there are observable results to the mining being done. The bitminer platform has devised a means to ensure cryptocurrency mining continues and remains sustainable in terms of profitability and the protection and preservation of the environment.
How would Bitminer effect the sustainability of cryptocurrency mining?
First, bitminer plans to reduce the emission of CO2 drastically by tapping into the use of clean energy sources to power their mining factories; this essentially translates to a more healthy environment. Bitminer has formed partnerships all over and have created a way to reduce the amount of energy produced for the running of their mining operations thanks to their numerous partnerships. Bitminer portrays flexibility in the sense that their mining units were created mobile just incase a need arises.
The ICO structure of Bitminer Factory.
The Bitminer Factory token symbol is BMF which is an ERC20 compliant token built on the Ethereum platform.
100,000,000 BMF tokens would be made available for sale during the ICO with softcap set at $500,000 and hardcap set at $100,000,000.
The BMF token would be allocated as follows:
88% of total supply would be allocated to potential token holders, 10% of total supply would be allocated to the management and 2% of total supply would be allocated to the bounty campaign.
Bitminer tokens can be purchased using EUR, ETH or BTC
Use of Proceeds.
If BMF tokens sold yields $3,500,000:
79% goes to mining equipment, 10% goes to marketing, 3% would be used for infrastructure, 5% for R&D and 3% for fees.
If BMF tokens sold yields $20,000,000:
87.5% goes to mining equipment, 5% goes to marketing, 2.5% would be used for infrastructure, 2.5% for R&D and 2.5% for fees
If BMF tokens sold yields over $20,000,000:
60% goes to mining equipment, 3.5% goes to marketing, 2.0% would be used for infrastructure, 30% would be used for energy projects, 2% for R&D and 2.5% for fees
Timeline
MAY 25,2018
-Start privatesale.
JUNE 2,2018
-New BMF lending page.
JUNE 6,2018
-Softcap reached.
JUNE 20, 2018
-New BMF website.
JUNE 21, 2018
-Smart contract.
SEPT 30, 2018
-First report to token holders.
OCT 15, 2018
-Delivery of MMF P14 GPUs container in Bosnia.
OCT 31, 2018
-Delivery of immersion cooling FPGA in Calenzano (Italy)
NOV 18, 2018
-Delivery of MMF S9 Asic and P14 GPUs container.
NOV 30, 2018
-R&D with IBM on Power9, Artificial Intelligence and cloud computing applications.
JAN 19, 2019
-Buy back plans start.
MARCH 1, 2019
-New BMf website to manage token.
Team.
Useful Links:
Website: https://www.bitminerfactoryico.io/en/
Whitepaper: https://www.bitminerfactoryico.io/doc/BM_Whitepaper_EN.pdf
Twitter: https://twitter.com/bitminerfactory
Facebook:https://www.facebook.com/Bitminerfactory/
Telegram:https://t.me/bitminerfactoryico
Bitcointalk:https://bitcointalk.org/index.php?topic=4647309