Over the past several years, cryptocurrencies like Bitcoin have been quietly growing in popularity, with an ever-larger number of people buying and selling them. Cryptocurrency mining is solving blockchains that contain info on worldwide transactions. It will ned a spcce to operate.
Moonlite
The MoonLite Project will operate in the Crypto-Currency Mining space, and plans to begin by mining predominantly Bitcoin, Bitcoin Cash, DASH & Litecoin on an industrial scale. MoonLite will combine a number of emergent technologies and systems that will work in synergy to maximize the profits and efficiency of large-scale cryptomining.
The proceeds from mining operations will be split as follows:
- Liquidating a percentage into fiat currency for operational costs and traditional investments, ad-hoc re-investment into operations, and other crypto & blockchain opportunities
- Retaining a certain percentage of crypto-currency for the appreciation and investment value through, investment in a number of crypto-hedge-funds, and investment though other traditional investment channels
- Retaining a certain percentage of crypto-currency to be used for planned equipment purchase and expansion.
MoonLite Mining aims to add value to all token holders by employing the latest technology, rolled out in the most efficient manner, and run by the most suitable team in order to meet and exceed all performance and growth targets. We embrace Blockchain Technology, and will continue to advance the company and teams in parallel.
Strengths and Core Competencies
Strength will be attained in introduction and maintenance of security and redundancy measures:
- Multiple stable currencies mined
- Multiple pools managed, as well as local nodes
- Multiple power supplies and internet connections
- Multiple mining sites
- Backup servers
- Multiple hot and cold storage wallets
- Backup PSU’s, hardware, and systems
With the release of ASIC and other high performance mining equipment, it has become possible to mine crypto-currencies efficiently and profitably. MoonLite will have dedicated ASIC and specialised equipment to mine:
- Bitcoin, and bitcoin derivative’s
- DASH (former Dark Coin)
- Litecoin
- Ethereum, depending on profitability at the time
The Market
Market Capitalisation for the currencies we will be mining:
- Bitcoin: $252,419,830,420
- Bitcoin Cash: $41,558,084,293
- Ethereum: $93,405,070,461 DASH: $8,964,815,433
- Litecoin: $12,743,719,310
Our mining operation will not have a significant market share in global mining operations; however will be by far the largest mining operation in Southern Africa, we will easily be able to expand further due to the well capitalised and nimble nature of the operation.
Strategy
- Mine the largest and most stable currencies using the most efficient equipment
- Mine on an industrial scale and capitalise on the economies of scale and proportionately reduced overhead costs
- Aggressive expansion and equipment replacement policy
- Mining in several pools, and local in-house nodes for each currency
- Power and HR costs kept to a minimum – mining in areas with low power cost
- Redundancy built into every system
- Proceeds split into a 60:20:20 ratio
Profits arise from:
- Currency will be liquidated into fiat currency and invested traditionally, and through the investment arm of the group.
- Static un-allocated currency will be invested through crypto-hedge-funds
- Increase in the retained currency value
- Income from the active crypto-currency trading by our dedicated trading team
- Sell currency when price is high, Purchase equipment when price is low
Simplified Business
Model Revenue will be generated by means of:
- Establishing data centres in locations where there is a suitable and stable supply of energy at cost effective rates.
- Equipment will be configured to mine in the most efficient manner, using a combination of public mining pools, and dedicated nodes (part of a pool) setup within our local network
- Every machine will be monitored and operated using specialised mining management software. This allows for easy and effective performance monitoring on a local and remote basis, and the mass adjustment of miner settings (such as stratum info).
- Performance is monitored and adjustable by the teams 24 hours of the day.
Major costs
A detailed breakdown of all operational costs in included in the cash flow projection and capital distribution graphs, however the greatest cost by far is the energy costs used for running the miners, systems, and cooling.
Data Centre Details
Our Data Centres will be located using the following strategies:
- Close to substations
- Preference to clean and renewable energy
- Large open warehouse
- Separate and secure office space
- In an area with surplus energy available on its local grid (without the need for municipal infrastructure upgrades)
- Within a secure perimeter
- Staffed with English speaking team members
We will employ the following security measures:
- Secure perimeter wall with the appropriate fencing (barbed, spiked, electric etc)
- CCTV inside and outside of the data centre
- Biometric access to the facility and separately the data centre floor restricted to certain individuals
- Strict visitor tag and control system
- Security guards and security patrols
- Separate security office with control room personnel
- Dedicated firewall servers for our mining floor
- No external access via hard wire or wireless connections to the mining network
Capital Distribution
Critical Success Factors and Assumptions
- The company needs to continuously update equipment increase or maintain the available hash-rate to keep up with rising mining difficulty levels.
- Income is based on the business keeping up with rising difficulty levels of volatile currencies such as DASH. The risk is offset by mining stable currencies such as BTC, however focus on maintaining constant income levels will need to be primary
- Maintaining a cost effective energy supply
- Keeping costs as per the cash flow projection/budget
- Overall equipment uptime at 90%+
- Additional equipment after phase 1 will be purchased with mining proceeds only
- Maintaining a healthy available cash surplus
Simplified Team Structure
Operational Plan
All ASIC equipment required for mining operations will be sourced directly from the manufacturers upon the release of the product batches due to the scale of our orders. MoonLite will purchase equipment in large volume as to qualify for direct sales with the manufactures, and also take advantage of better pricing and the establishment of sound, long term relationships. All equipment will be purchased in bitcoin, or another acceptable crypto currency.
The miners will be grouped by the currencies which they mine, and will run on a single Local Area Network (LAN) with a 100mbps fibre internet connection, and a satellite internet connection as a backup. The miners will all be run on Awesome Miner and Genesis Hive software from a local control station, and will be configured by the data centre teams as per their instructions from management, if there is increased latency or pool downtime, and for any other technical reason related to bettering performance.
All currencies mined (rewards) will be paid upon set thresholds. We will have a cold wallet for each currency, and have backup wallets in case of theft, damage or failure of the primary wallets. 20% of mined currency will be retained, and will be ring fenced for the purchase of additional equipment to expand the operation 20% of mined currency will be stored in the cold wallets and held as an investment in crypto currencies, and actively traded by our team of dedicated crypto traders.
Planned Profit Distribution
Moonlite will allocate 35% of its annual corporate profits to buying back MNL tokens at a premium rate.
Moonlite reserves the right to ‘go public’ by way of offering shares in a traditional IPO. At that time, MNL tokens will be redeemable for stocks.
Token
Token : MNL
Price : 1 ETH = 500 MNL
Platform : Ethereum
Accepting : ETH
Softcap : $12000000
Hard cap : $80000000 MNL
Token Distribution
Value Offering To All Investors
- Token buyback every 6 months at premium rate + share of 35% of net profits
- Lucrative token buy-back structure: re-purchased tokens will be burned and removed from circulation
- Voting on all operational aspects using secure.vote
Team And Advisors
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Author : ririsw
BTT URL : https://bitcointalk.org/index.php?action=profile;u=1820137