🔍Making Cloud mining transparent and controllable
BeMine will offer technical innovations that are necessary for cloud mining and which will have a positive impact on the distribution of BTC mining and bring cloud mining companies to a managed and transparent model:
NFT-Farm
NFT-Farm management via DAO
Software for the NFT-Farm reports
Physical hotel managers and technical specialists
NFT-mining
NFT has already shown its worth as a technology for storing records of the ownership of art and creative objects. However, architecturally, NFT is ready for more. We want to use NFT to guarantee the publicity of the agreements between the owner of the share from the miner's ASIC and the buyer of this share. Therefore, each miner issued by NFT on ASIC will store data about the real ASIC - its model and date of the first activation, where it is located, its identification number, and the actual contract of responsible storage under which this ASIC is placed and connected to the hotel.
Why NFT?
Cloud mining will go far beyond online platforms
NFT is the most robust and most transparent contract
Cloud mining as a field of activity is not distinguished by trust on the part of users
As a document flow architecture, NFT is ideal for cloud mining.
NFT will allow you to buy mining capacity not only from the retailer but also from other users
NFT ASIC miners will enable the user to independently choose on which land to store their power
NFT-mining management via DAO
The mining market is replete with various approaches to mining—different manufacturers, different consensus algorithms, new coins, projects, etc. The market is constantly changing. New models are coming to replace the old ones. The technologies used in mining are also changing - we can convert gas into electricity, use renewable energy sources, and feed farms with solar energy. We can also direct the heat generated by ASIC and store, distribute and use it. However, farm management in such a case is a challenging task. You never know which research area will be considered the most promising, which of them will pay off, and which one should not be touched.
To optimize the ownership of the farm and motivate the owners of computing power, we will offer our customers our mining pool the profitability of ownership, which will be determined by the size of the stake in BeMine DAO. The DAO will become a public farm — the owners of the share will have the opportunity to change the composition of the farm, its location, the technologies used in the production of cryptocurrencies, and determine the cryptocurrencies that the DAO will mine. Thus, BeMine will offer the market an unprecedented opportunity for integrated management of a mining firm on a fair basis, guaranteed by blockchain technology.
Why DAO?
Decisions made on the farm will be even fairer for users.
Instantly, a fundamental basis is formed to trust or not to trust the manufacturer/supplier/mining hotel.
It will be much easier to determine the most balanced composition of the farm if we take into account the opinion of all its owners.
It is even easier to buy/resell a share from an NFT-farm
DAO will help to stabilize prices for equipment placement services
Software for the NFT-farm reports
Several mining pools manage cryptocurrencies such as Bitcoin and Ethereum. For example, almost 95% of Bitcoin mining and 80% of Etherium mining account for less than ten and six mining pools. While miners benefit from low payout variance in pooled mining, centralized mining pools require participants to trust that pool operators will reward them fairly. In addition, centralized pools create a risk of censorship of transactions by pool operators and open up opportunities for collusion between pools to commit severe attacks on any existing blockchain network.
At the time of publication of this document, there is simply no specific tool in the industry for monitoring the state of a mining farm, which anyone who owns a stake in the farm can connect to and observe.
Most of the existing tools either do not provide the necessary transparency to such market relations, or due to the architecture, they do not allow you to broadcast the state of ASIC miners safely.
BeMine is about to offer such opportunities.
Our goal is to create a new protocol design for a decentralized mining pool. Our protocol shows how smart contracts autonomous blockchain programs can decentralize cryptocurrency mining. BeMine Pool gives the miners control over the choice of transactions while receiving payouts with low variance. BeMine.Pool will charge mining fees lower than centralized pools and will have the ability to scale up to a large number of miners. We plan to implement and deploy a powerful realization of BeMine.Pool starting from the Ethereum network.
Physical hotel managers and technical specialists
The need for maintenance personnel for the farm and its equipment does not go away. Considering the specification of the equipment and the scope of work, high qualifications are required from employees.
The list of required specialties to ensure the efficiency and security of the mining farm:
Security companies
Technicians
Electricians
Installers
Engineers
Managers
Builders
What do we have?
Partner mining hotels throughout Russia and the CIS
The user base is over 100,000 people
Partners are retailers
Well-established document flow
Experience in transactions with mining equipment in different jurisdictions
A clear understanding of supply and demand
What we about to achieve
Transparency in transactions for the purchase of mining capacities around the world
Transactions not only on digital platforms but also offline
The significant inflow of liquidity into cloud mining
Adequate regulation of the price of equipment, in accordance with real supply and demand
Live Terakhesh market, systematized based on the geo-location of data centers
Increasing the Rate of Bitcoin Network Spread
Absolute purity of related documents
Clear terms of service and repair
Fair conditions for mining hotels
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