FACITE : AN INTRODUCTION TO A MINING CENTER

Introduction

There came a time when the U.S economy was plagued with a financial crisis, during that period, the U.S Federal Reserve started to make dollars available for quantitative easing, the production of Bitcoin was created as a cryptocurrency by a developer who chose to be hidden by the name Satoshi Nakamoto, he created this currency to reduce the interference of the central bank's authority while using a currency. As a result of the issues concerned with hacking, Bitcoin during the summer of 2015 fell from its value to $220, but in the year 2016 and 2017, the value rose to $990 and $1000 respectively, Bitcoin has also found itself experiencing price stability issue.

Bitcoin from its inception has always been mined, but individuals has found it difficult to mine Bitcoin nowadays following the availability of a mining machine, places to store them, the mining cost and manpower. it is advised that individuals should operate the mining of Bitcoin in an indirect manner rather than directly, since we keep recording an increase in the price of Bitcoin.

FACITE CENTER OVERVIEW

The contraction of a mining center by the Facite foundation, is situated in Pavlodar in Kazakhtan's free economic zone. Facite have been able to secure just enough electricity that will be able to accommodate over 2 million miners. Facite foundation also have a mining site of about 180ha, where Facite Foundation mining center takes up up to 3ha.The Facite Foundation mining center will be able to provide an efficient power supply since it is located close to a power substation, one can guarantee an effective mining process.

Miners are about to experience a satisfactory full time mining experience, since in the year 2019, the city of Pavlodar promises to provide our mining sites with electricity and at an affordable tax rate of 25% as a form of supporting the city. We are soon going to have an improved competition as a result of the provision of electricity, the mining center in Kazakhstan will soon be experiencing a healthy mining competition.

Good News: Facite are glad to inform that the Pavlodar site is and will continue to be the best mining site with an ultimate condition for mining, this will include active backup from the government, cheap and affordable power supply, and a great mining environment, thanks to the Kazakhstan's handiwork for digitalization.

Phases Of The Facite Infrastructure

[a] Phase 1: Facite will optimize the use of resources, promote effective environmental protection, and build a green infrastruction all in the year span of 2013-2020.
[b] Phase 2 : Facite will support a rational water usage, development and promotion of renewable energy,construction of facilities that will be suited for high efficiency standards based on the green infractructure already established in phase 1 through the span of 2020-2030
[c] Phase 3 : there will be a restructuring of the economy so as to use natural resources steadily and stably.

One Exciting Feature Of Facite

Bus Cards: with the introduction of bus card, we choose that it will be applicable in 3 phases

Phase 1- establishment

Phase 2 - service &

Phase 3 - business growth

During the first two phases the members of the citizen will be promotion targets, but phase 3 the transportation card will also promote the non-users. The bus card is a 1B (Business Model) that allows the user to have access to it (make use of it) despite the region or area, we are certain that in time it will spread starting from the city of Shimkent to other surrounding cities.

Conclusion

The Facite foundation is a platform that will make mining easy and affordable, they will be working with the government of Pavlodar to ensure that miners and mining becomes better and less stressful, with the introduction of bus cards and other supports from reknown bodies, Facite will definitely increase the effectiveness of mining. One of the issues they choose to work on is the electricity issue, with the government of Pavlodar providing power supply we are sure to make mining an unforgetable experience.