The problem the mining industry is facing now (and our solution)
Last updated
Last updated
Power is always the most important factor in any mining scenario. What works today will not in fact work tomorrow. As the halving commences it’s forecasted that over 80% of ALL mining operations at 6 cents or over per kWh face shutdown. The reason for this is because most mining operations (even on an industrial scale) are usually rock bottomed at around 6 cents per kWh.
Maybe pre halving that was manageable, but post halving you’re making half the rewards with the same overhead (which unless you’re private can be substantial.) couple that with the fact that many of these operations have outdated equipment, it’s a recipe for shutdown. What they don’t tell you is that many of these operations will never turn back on because they’re getting slammed with shutdown and occupancy fees everyday which make coming back online insurmountable.
MinePro and Logic Mining on the other hand will never have that issue. At 2 cents per kwh our machines are profitably forecasted through our 5 year contract. We plan to purchase the most efficient and state of the art 200 Terra Hash Antminer so we’re always earning for our holders. Take all that into consideration, and the fact that difficulty will drop (less global mining) and BTC appreciation (supply priced in to appreciate.) We are supremely confident in our position to provide passive income to our holders for years to come!