Bitminer Factory startup, allowing you to invest in cloud mining of...

Today, investments in cryptocurrency, which is associated with modern blockchain technologies and smart contracts, are gaining popularity. Experts from various fields agree that these technologies are able to change the approach to doing business and will give a new impetus to the development of the economy. One of the ways to successfully invest your funds is cloud mining, that is, the production of cryptocurrency on leased computing power. Thus, it is possible to receive a reward in the form of cryptocurrency, without having at hand high-performance equipment. The essence of cloud mining is that a large company buys capacity for cryptocurrency mining, configures, serves and sells for use to customers in parts measured in units of power MH/s, GH/s, KH/s. The leased capacity can be purchased at any time. In any case, cryptocurrency mining consumes a large amount of energy and increases the negative load on the environment, network congestion and fire danger, as in many countries energy is produced from dirty non-renewable energy sources (gas, coal, oil). At the same time, significant maintenance costs are used to pay electricity bills. The capacity for mining is growing every year, as the complexity of mining popular cryptocurrencies, such as Bitcoin. Profitable mining requires powerful specialized equipment with high-performance graphics chips and microprocessors.

The Bitminer Factory project traces its history back to 2016. Startup, which was created by Angeli Group, specializing in the construction of facilities and energy production. In one year, a large mining farm was created in Italy for 1000 mining rig, which is equipped with an energy infrastructure of more than 1 MW and consumes energy from renewable sources, which, according to the developers, should be the future for the production of crypto currency. Bitminer Factory employs 20 employees and has an annual turnover of 3 million euros. It is the largest industrial mining company in Italy.

Bitminer Factory will be based on the following key points:

The equipment on the farm will consume clean renewable energy from sources such as hydroelectric power, wind power, solar power and others. Installation of equipment near renewable energy sources will significantly reduce the load on the environment, reducing the amount of carbon dioxide and other harmful emissions.
Redistribution of energy that has been produced excessively, which can not be consumed. This also happens in renewable and non-renewable energy production. Bitminer Factory will sign partnership contracts for the consumption of excess energy, in addition to protecting the environment. This solves the problem of possible additional capacity for farm equipment.
All mining equipment is integrated into mobile structures that are easily folded and can be transported in containers to a new location where excess energy can be used. In General, the farm Bitminer Factory can be placed at any facility for the production of energy from renewable sources.
If the fees through the sale of mining contracts reach the level of more than $20 million, then 30 % of this amount will be invested in the construction of its solar or hydroelectric power stations. Profits of over $20 million will also be invested in clean energy enterprises. In this case, Bitminer Factory will be able to achieve cost reduction and eliminate intermediaries of the energy market when servicing its enterprise. In addition, the produced energy can be sold to the national energy network for additional income.

Bitminer Factory uses the hardware, which is made on the basis of GPU (Graphics Processor Unit) and ASIC Miners (Application-Specific Integrated Circuit) to obtain various types of cryptocurrencies. Also, the developers have made their own mobile module structures: Gagapod, which can accommodate up to 5000 pieces of GPU or ASIC, and MMU (Mibile Mining Unit), accommodating 300 units. They are mixed into standard containers for quick and cheap movement. A unique air cooling system has been developed for all these structures, which consumes minimum energy, works efficiently and prevents dust penetration, ensuring continuity of work. Each module is equipped with a system of sensors that monitor the performance, temperature, energy consumption, identify possible failures in the system and in case of failure, inform the maintenance personnel. Each computer is organized convenient and quick access for regular maintenance or repair.

Bitminer Factory conducts the ICO (Initial Contract Offering) procedure, during which the BMF token of the ERC20 standard created on the Ethereum platform is sold. When buying BMF, a mining contract is concluded with its holder, according to which each owner is guaranteed to receive a part of the extracted cryptocurrency. At the same time, the presence of a token does not imply obtaining a part of Bitminer Factory's profit. More details of the contract can be found on the official website of the project. The interesting thing is that Bitminer Factory has a very big difference between SoftCap and HardCap, as the project is highly scalable. The minimum amount is set at 500 thousand dollars, and the maximum 100 million dollars. The cost of a BMF equal to 1 us dollar, no discounts. The ICO procedure will end on 30 September 2018.