Startup style “cloud” mining, and zero revenue protocols.
Last updated
Last updated
Then there's the various start-up style cloud mining offerings throughout crypto, which operate on the principles of very low transparency. Almost always, there's very little visibility into anything happening behind closed doors. How many GPU’s/miners are there? What’s the power rate? Where are they located? These questions are almost never answered, leaving investors with complete uncertainty.
This is not something that occurs only in the Web3 mining space, in-fact, it's one of the most pervasive issues in the wider cryptocurrency industry today. How many times in the crypto space have you heard the following from projects: "We're going to build a multi billion dollar blockchain" and "We plan to build the world's biggest metaverse?"
Probably too many times right? MinePro is a much-needed break from this model.
99% of all Web3 startups fail. Oftentimes, there's no streamlined path to producing actual revenue. Most of the time these projects are built upon extraction, rather than creation. MinePro isn’t a concept, or a “big idea,” or a game/dapp, that will require years, and mass adoption to produce an actual profit. This is a 100% verifiable, income producing RWA asset that will bring Bitcoin liquidity enmasse to the ICP ecosystem. Something that is sorely needed.