Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin)
-Forrest Stroud (Webpedia)
The act of cryptocurrency mining has become increasingly popular as a topic of discussion as well as its usage over the past few years. Every single time that a transaction is being done on the blockchain, it's the job of a cryptocurrency miner to ensure that the information is very authentic and also update the transaction on the blockchain. This process is so competitive that each miner has to solve very complex mathematical problems with the use of advanced cryptographic hash functions that's associated with the block that contains the transaction data. So the first miner to crack the code will be rewarded by being allowed to carry out the transaction and will earn a few amount of the cryptocurrency. So for this to be possible, the cryptocurrency miner needs a very sophisticated and complex computer with associated hardware.
With all these in mind, a group of blockchain professionals came together to form a platform called Batmine, and they have the aim of developing the cryptocurrency mining sector.
WHAT IS BATMINE?
Batmine is a cryptocurrency platform that comes with state of the art mining technology which aims to provide the best, fastest, sustainable and most profitable cryptocurrency mining in the world. With this platforms, cryptocurrency miners who are having issues concerning computer hardware as well as electricity costs are covered.
To ensure Batmine reaches its fullest potential, the team set up their company in Bulgaria, Europe, where they can freely operate their mining facilities with crypto legislation and also they will have a cheaper operating costs in terms of labor, electricity, and other infrastructures. Also the climate in this country is very cool and friendly which also reduces costs incurred during cooling of the facilities.
The Batmine head mining facilities will be able to contain at least 12,000 miners and with time, other facilities will be opened in other countries such as Sofia, Prague, etc so as to expand their mining capabilities.
HOW BATMINE WILL GENERATE THEIR REVENUE
The Batmine will generate its revenue from 4 sub sections and they include
Cryptocurrency Mining - Batmine will be engaged in the mining of various cryptocurrency such as BTC, ETH, LTC, and other favourable coins (PoW and Script algorythm based coins) and with a very keen eye on the market, they will select which coin they will mine so as to maximize profit.
Mining as a Service (MaaS) - this is mainly for users who dont want to own mining equipment, so Batmine does the mining for them and they will receive their revenue monthly. The hash power for this mining will be provided by MaaS miners and this service can be gotten with the use of the BATM tokens.
Custodial Services - this is done with the provision of mining management services to users who want to buy and make use of the mining capabilities themselves or want to host their miners on the Batmine platform. They will receive their full mining profits minus a fixed monthly maintenance fee.
Hardware Sales - the Batmine company will also partner with companies that can provide state of the art mining equipment which will be available to the general public for wholesale and retail sales. There will also be the provision of specialized technicians who will be able to install these equipment for you.
ADVANTAGES OF THE BATMINE
There are various advantages to making use of the Batmine platform and they include
- Monthly distribution of mining profits
- Transparency and full access to mining results
- High speed internet connection
- Cheap and affordable electricity
- Specialized technicians who are on the go
- Maintenance and guarding of the mining facilities
- Sale and provision of state of the art mining equipments.
The BATMINE TOKEN
The Batmine platform makes use of the Batmine tokens, BATM, for all transactions done on the platform such as payment of revenue as well as purchasing of MaaS services and miners. This token is an ERC20 token based on the ethereum blockchain and it has total supply of 350 million BATM. This tokens can be currently gotten from the current Batmine Crowdsale taking place at the moment.
CONCLUSION
For the regular cryptocurrency miners, Batmine is the best mining platform for them as they offer services that can fully benefit them with the use of state of the art mining equipment and services.
For more information on this great project, please visit the following links
Website: https://batmine.io
Whitepaper: https://bit.ly/2AChLhT
Facebook: https://www.facebook.com/BatMineICO/
Twitter: https://twitter.com/batmineico
Medium: https://medium.com/batmine
BitCoinTalk ANN: https://bit.ly/2FpEVMq
Author - hamzeto