The mining process

BeMine's mining process involves a partnership between the company, its partnered data-centres, and equipment suppliers. The company works with data-centres located in regions with favorable mining conditions, such as low electricity costs, to host and operate the mining equipment. The equipment is provided by leading suppliers in multiple countries, including China, and is selected based on its reliability, efficiency, and cost-effectiveness.

To ensure the reliability and profitability of its services, BeMine carefully evaluates potential partnered data-centres based on their security, reliability, and cost-effectiveness. The company selects data-centres that are located in regions with favorable mining conditions and that have a proven track record of successful mining operations. This helps to ensure that the equipment is hosted and operated properly, and that the mining activities are profitable for both the company and its users.

BeMine's internal processes are designed to manage the mining equipment and electricity costs, ensuring that everything is used properly and electricity costs are paid on time. This is why users do not have direct access to the equipment. By managing the mining process internally, BeMine can ensure that the equipment is used properly and electricity costs are paid on time, which helps to avoid disruptions and maintain profitability.

The company's profit formula is calculated based on several factors, including the cost of the equipment, the cost of electricity, and the mining difficulty level. The revenue generated from mining activities is subtracted from the cost of operating the mining equipment to calculate the company's profit.