Whitepaper
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Welcome to TheMiNE!
Our project is a cryptocurrency mining operation set out to improve your public mining experience.
Truly Efficient
We incorporate key economic advantages which translate into uniquely low overhead costs and a reliable competitive edge.
Self-Expanding
Our mining performance will always keep up with network difficulty increases thanks to seamless reinvestment strategies.
Big on Transparency
Being open and consistent is paramount to us, so all operations are publicly documented and our numbers disclosed.
What We Do
Mining Done Right
There is a lot of room for improvement in current public mining offers. We bring better efficiency, more flexibility and much needed transparency.
Dedicated Research
We constantly assess the crypto markets, looking for new opportunities, according to value generation potential and risk management criteria.
Strategic Approach
Mining power is dynamically allocated according to our internal analysis and diversified in a way similar to stock portfolios.
MiNE Token Pre-Sale Will Start Soon.
Fully Tokenized Mining
We have replaced traditional mining contracts and all their shortcomings with service tokens. Mining proceeds will be distributed on a monthly basis, in order to keep everything as simple as possible.
Stress-free Mining Experience
We take care of all the associated hassle and dedicate our full attention to taking public mining services to the next level.
Advanced Resource Management
Mining power is entirely managed on your behalf. We use a mix of high performing mining strategies in order to maximize results.
Perpetual Mining Results
MiNE tokens never expire and owners receive results from our service for as long as they hold the tokens.
No Lock-in Period
Tokens will be freely tradeable on exchanges so our mining service can be accessed or exited at any time, with no penalty or fee.
High Residual Value
Unlike mining rigs or contracts, MiNE tokens hold their value over time and even have a tendency to appreciate in value due to reinvestment.
100% Pay-as-you-go
Operational costs, electricity and company revenue are subtracted each month from generated mining results.
Service Comparison
Got your attention yet?
MiNE Tokens
MiNE tokens are hardware-backed tokens which will generate monthly payouts from mining results.
Issued as ERC20 Token
We chose to issue our tokens as a smart contract on the Ethereum platform.
Real Underlying Assets
MiNE tokens are backed by our self-expanding computing infrastructure as well as by the ongoing mining results.
Engineered for Growth
Token valuation will be kept buoyant and corresponding mining power relevant in the face of ever increasing mining difficulties by the built-in partial reinvestment factor.
Fair Issuance Policy
Over 90% of value raised in token sales will be directed towards infrastructure, in a transparent and ethical manner. Total supply is limited and tokens will be issued periodically, preceeding large hardware deployment stages.
The Reinvestment Element
30% of net mining results go toward the Reinvestment & Expansion Fund, which will be used to seamlessly increase and upgrade our mining power.
Understanding The Problem
Tokenized mining cannot exist as a concept without some form of built-in reinvestment. With constantly increasing mining difficulties, equipment is bound to become obsolete regardles of mined tokens appreciation, due to the sheer number of new miners joining in every day. If a tokens' underpinning asset slowly decays, the token is bound to depreciate in value and in the end be no more useful than an expired cloud mining contract.
Our solution to the problem
By directing 30% of net mining results towards reinvestment, we will purchase new hardware at the right time and under the right market conditions in order to accumulate the most processing power possible. Reinvesting will expand hardware capabilites without issuing new tokens, thus making existing tokens more valuable and increasing the size of future mining results.
We Also Maximize Reinvested Value
The Reinvestment & Expansion Fund will also be used for conservative cryptocurrency speculation, with the end goal of increasing value. We will do this by balancing profit taking at market peaks with hardware availability. Older equipment will start to be traded off as soon as the next generation of hardware becomes available, as we believe that mining with the latest technology is more important than just piling on machines at random.
MiNE Token Public Pre-Sale Will Start Soon.
Competitive Edge
Our strategic placement of operations in Romania has its share of economic advantages, especially when mining is involved.
Low Operational Costs
Fixed overhead such as rent, labor, security, permits and utilities are some of the lowest in Europe, while also maintaining EU standards and regulation. The bottom line is that our costs are 4 to 6 times lower than in countries like Austria, Germany, Iceland or the US and we plan to leverage this to its full extent.
Affordable Energy Prices
Contrary to what most would have you believe, energy price is not the be-all and end-all of mining profitability. But just in case, we also have that covered, with one of the lowest industrial energy prices in the EU, a liberalized energy market and high availability and willingness to supply of micro-hydro, state owned hydro and also other renewable energy sources.
Cost-effective Outsourcing and Development
We secured a number of arrangements with strategic partners for infrastructure development and hardware deployment that will allow us to maximize our economic edge while keeping our own resources in check.
Transparency
Transparency
We think it's best to adopt a policy of maximum transparency from the start.
Live streaming cameras will be installed at key points of the facility and will be freely available.
We will make public relevant information regarding the reinvestment fund activity and mining strategy.
Our offices are open for visitation and it would be our pleasure to welcome interested members of the community.
All deployment and expansion operations will be documented through pictures, videos and short summaries on our blog.
If you want smart, transparent and real mining results, that's what we're here for.
Roadmap
Core Team
Alexandru Bogdan
-Founder-Operations
Victor Leu
Field Manager
Stefan Musca
Technical Lead
Petre Birlea
Head of Marketing
Andrei Miron
Hardware Deployment & Maintenance Specialist
Ionut Stefan
Networking Specialist
Sebastian Petrescu
Monitoring & Intervention Specialist
Hardware & Solutions Used:
Long story short:
We offer complete, fully managed and constantly optimized crypto-mining services, all accessible through the MiNE token.
