# Competing solutions

There is hundreds if not thousands of hosting businesses, cloud mining projects, and "done for you" Bitcoin mining solutions, all of which fail in one way, POWER. But 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 even half as cheap as MinePro has access to in Alberta, Canada, only to fall victim to import/export laws and taxes, changes in costs of power overnight, and more, detailed further in our [Hosting arm page](https://minepro-1.gitbook.io/untitled-1/main/hosting-arm). At the current moment, the 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
>
> 2 - Ship your ASICs to the hosting service
>
> 3 - 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.

Predominately through our access to low power costs, but also through tokenization, providing further up-side potential, $MINE aims to solve the industry-wide retail sentiment that Bitcoin mining is a frustrating, slow, and "boring" investment.

### Startup style Bitcoin mining cash grab projects

Then there's the various start-up style public Bitcoin mining projects throughout crypto which operate on the principal *"raise money first, then figure out how to set up a Bitcoin mining operation".*

This causes multitudes of issues including investors experiencing extremely long wait times and having their capital used for legal fees and consultation fees. As well as in a lot of cases, a total inability of these projects to get up and running profitably.

This is not something that occurs only in public Bitcoin mining projects, 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.*

Because Logic Mining have been operating profitably for over 1 year, all typical start up issues, as well as start up costs of a Bitcoin mining facility have already been experienced and paid by Logic Mining. We are able to forego these costs completely by partnering with them, as well as greatly reducing wait times, with MinePro’s ASICs projected to be up, running profitably, and producing Bitcoin at Logic Mining's facility for the MinePro DAO within 30 days from our launch.

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