Batmine - High Speed Mining with Green Energy

By hashin | Crypto Research | 27 Mar 2019

Cryptocurrency mining, also known as cryptocoin mining or altcoin mining, has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.

Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.

The cryptocurrency mining industry is an essential aspect of the cryptocurrency world, where individuals, companies and businesses source for cryptocurrencies. This is why it is a very important part of the cryptocurrency industry as there won't even be a cryptocurrency industry in the first place without cryptocurrencies to trade.

But just like every other industry, the cryptocurrency mining industry also has its flaws and setbacks. Today, I wish to introduce to you all a new Cryptocurrency mining platform, known as Batmine. Batmine has redefined the cryptocurrency mining process, by making it easier and faster.

Due to the high cost of developing single purpose miners, many manufacturers started their own specialized niche for crypto mining operations. Mining to these ASIC manufacturers has, however, become advantageous as the equipment is gotten at the production cost, thus saving the cost to a large extent. As a result of these advantages, the ASIC manufacturers man control of the distribution of mining equipment in the crypto community; acting as intermediaries in operation, monitoring the number of miners sold and to whom they are sold. As a result of this, the crypto community pays in profit margin to the ASIC manufacturers as a means of paying their dept in investing to the development of the equipment.

However important cryptocurrency mining might be, there are several problems which are inherent in mining operations, these include;

The Spend to Earn Problem: It is a known fact that the difficulty of mining increases as congestion increases on the network. This factor will definitely reduce your productivity, irrespective of how good you are.
Heating problem: The intensive computational operation associated with cryptocurrency mining is bound to produce heat which reduces the efficiency of mining if the process goes on for a while.
Power problem: There is of course, the power problem which is known to all within the cryptosphere. Miners need to have a powerful PSU to ensure stability of power supply. Anything short of this can disrupt productivity or even cause a crash.

Batmine is a decentralized mining platform which is designed based on the blockchain technology to bring a lasting solution to the numerous and impeding setbacks that has for long crippled the crypto-currency mining industry.

Standing true to its name, BAT( Blockchain Applied Technology) is ready to use it's more advanced and sophisticated technologies to ensure efficiency, transparency and the total security of the mining operations in the mining industry.

Also, the main reasons for the choice of these states for industrial mining include:

moderate climate allowing to reduce cooling costs;
a large number of qualified personnel ready to service the equipment for a relatively low fee;
stable and high-quality connection to the Internet;
low price for electricity - 4 cents per 1 kWh produced by renewable sources.

Initially, the total capacity of ASIC devices used to obtain digital assets by BatMine will be 55 TH / s. Used computing devices will be equipped with chips with 10-nm processes with the lowest power consumption. Each month, the total capacity of the miners will increase, as 20 percent of the income will be allocated for the purchase of new computing equipment and replacement of the old one.

The services provided by the company include:

mining of digital assets;
agreement on provision of capacity to rent;
equipment maintenance contracts;
sale of equipment of own production.

The relevant agreement is concluded for a period of 10 years. Payments under this agreement will be made on a monthly basis, and their size will directly depend on the amount of investment.

BATM token is a utility token of the Batmine platform that is developed on the Ethereum blockchain, based ERC 20 smart cintracts. BATM will be used to pay for services on the Batmine platform such as MaaS services. BATM tokens can be exchagned for any and all goods and services available on Batmine. BATM token is currenctly undergoing an Initial Coin offering (ICO), Below are the ICO details.

Token Allocation

Token Details

Token Symbol: BATM
Network: Ethereum (ERC-20 Compliant)
Total Supply: 350,000,000 BATM
Soft Cap: 1 Million EURO (ETH Worth)
Hard Cap: 19 million EURO (ETH Worth)
Accepting: ETH
KYC: YES
Unsold Tokens will be Burned

Funds Allocation

The funds collected under the project will be distributed according to the following plan.

Allocation

You're probably seeing this kind of detail for the first time. In Batmine project, there are detailed information on how to make a profit distribution, unlike other projects. The following table explains how to make a profit distribution.