Unattractive power rates and investment models
We’ve all seen a litany of hosting businesses, cloud mining projects, and "done for you" Bitcoin mining solutions, all of which fail in one way, POWER AND OWNERSHIP. They also fall short in a number of other ways.
Many projects have ventured into countries lacking the correct infrastructure and economic stability in search of power costs, only to fall victim to import/export taxes, government instability, and changes in costs of power overnight (detailed further in our Hosting arm page.) Most stable solutions out there provide a very limited APY and usually operate at a power cost of over $0.08/KWH. As well as operating through the model outlined below:
1 - Buy your own ASICS (Usually with a significant margin.)
2 - Ship your ASICs to the hosting service (You're responsible for tariffs, usually 35% or more.)
3 - Pay infrastructure and setup (Many times there isn’t a grid available to tap into, it's often built.)
4 - Earn very minimal Bitcoin profit per month, taking years to ROI on ASIC machine cost.
For even the most cautious and patient investors, this is simply not an attractive investment offer.
MinePro, through tokenization, aims to solve the industry-wide retail sentiment that Bitcoin mining is a frustrating, slow, and "boring" investment.
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