How BeMine works. Mining hotels. ASIC suppliers
Last updated
Last updated
BeMine provides a cloud mining service that allows users to mine cryptocurrencies without the need for their own mining hardware. Users can choose from a variety of mining plans based on their needs and preferences and purchase ASIC machines using PAWA token. Purchasing ASIC machines provide access to branded mining equipment hosted in BeMine's partnered data-centres.
When users purchase a mining capacities, they essentially getting a share of the mining equipment's computational power. The mining equipment is then used to validate transactions on the blockchain and generate new coins as a reward for the mining activities. The rewards generated from mining are distributed to users based on the amount of computational power they have purchased.
This allows users to run a share of mining equipment, which can be an affordable and flexible way to participate in cryptocurrency mining without having to invest in expensive hardware. Users can choose which specific ASIC they want and can earn rewards based on the amount of computational power they have purchased.
BeMine's services are designed to make cryptocurrency mining more accessible and profitable for a wider range of users, by providing access to mining equipment and by pooling together the resources of multiple small-scale miners to improve their chances of earning rewards.
BeMine has partnerships with mining hotels that provide the physical space and infrastructure needed to host and operate the mining equipment. These mining hotels are chosen based on their reliability, security, and cost-effectiveness, and they are located in regions with favorable mining conditions, such as low electricity costs and favorable regulatory environments.
The owners of these mining hotels are invited to partner with BeMine to provide access to their facilities and to benefit from the demand for cloud mining services. In return, they receive a share of the profits generated from the mining activities and also a service fee, which includes electricity profits.
BeMine works with equipment suppliers from China to provide modern mining equipment to its users. China is one of the largest manufacturers of cryptocurrency mining hardware in the world, and many of the leading ASIC manufacturers are based in China. By partnering with these suppliers, BeMine is able to offer its users access to the latest and most powerful mining equipment available.
BeMine's cooperation with suppliers from China enables it to provide its users with high-quality mining equipment and to stay competitive in the cryptocurrency mining market. By partnering with leading equipment suppliers, BeMine is able to offer its users the latest and most powerful mining hardware available, which can help to improve their chances of earning rewards from mining activities.
On the other hand — customs duties on crypto encryption equipment from China to Russia or any CIS countries are relatively low compared to other countries. This helps to simplify delivery and reduce costs, making it easier for BeMine to work with equipment suppliers from China and offer high-quality mining equipment to its users.
