STARTMINING STARTMINING

STARTMINING

Created using Figma
Created using Figma
StartMining is a project based on construction and launching of industrial mining farms in Russia and the European Union. We plan to put into operation up to 4,000 farms with a total capacity up to 680 Gh/s Ethash.
Risk: High
Sep 15, 2017
Oct 14, 2017
100% completed
$4 398
0% goal completed
Goal 10 000 000 USD
past
  • 1 STMG
    =
    1 USD

About STARTMINING

The main StartMining source of income is the cryptocurrency mining and renting out the capacity for mining. We plan to extract different cryptocurrencies based on the Equihash, Dagger-Hashimoto, EtHash, CryptoNight algorithms. Extraction of various types of cryptocurrency reduces the risks associated with exchange rates and the increasing production complexity. We plan to rent out about 40% of capacities to investors and miners. In some cases, it gives a lower profit, but reduces the risks of the company.

You can find more detailed information about risks in the ‘Risk Management’ section. A part of the received profit is planned to be immediately converted into the fiat currency, another part will be put aside in order to profit on the rates increase. In the first 12 months the investors will be paid a raised percent of the net profit. 40% is the minimal threshold for the payment to the investors. Payment increase is voluntary and not binding on the side of StartMining.

Features

It is planned to build platforms with the overall capacity up to 4,000 farms. The main sources of company’s income:
Mining the main cryptocurrencies: Ethereum, Zcash and Monero;
Provision of mining facilities as rental (cloud mining).
The first token supported by real equipment and facilities.
Minimization of risks by the diversification of cryptocurrencies and provision of facilities as rental.
Open access to the current farms’ output.
Possibility to exchange tokens on mining facilities - real asset.
Launching terms are no longer than 4 months.
One of the lowest electricity costs (up to 2 cents/KW).
Wholesale prices for equipment and components.

Technical Info

Technical details:  Ethereum smart-contract (ERC20). Proof of developer:  Public team

Roadmap

  • First Stage

  • The first phase of the project is the purchasing of the premises, setting up an equipment and running the mining farms. Filling up the facilities on 100% may be arranged immediately or within six months from launch date. It will mainly depend on the amount of raised investments.
  • Second Stage

  • As soon as first phase will be completed, we will begin providing facilities for rent. Rent can be carried out in exchange for tokens. For investors, the price will be lower than the retail one.
  • Third Stage

  • After providing the capacities as rental to the project investors during the third stage of its development, renting will be also available for all customers.
  • Fourth Stage

  • The fourth stage of the project development involves reinvestment of funds and increase in the number of sites and farms.

Materials

STARTMINING

Activity

Status:
Full Member
MEDIUM
Activity:
295
HIGH
Merit:
100
MEDIUM
Posts:
63
VERY LOW
Views:
8 786
HIGH
Status:
LegendaryCopper Member
VERY HIGH
Activity:
1 442
VERY HIGH
Merit:
1 060
VERY HIGH
Posts:
378
MEDIUM
Views:
10 789
VERY HIGH
Users:
193
MEDIUM
Followers:
1 894
LOW
Tweets:
18
VERY LOW
Members:
20
VERY LOW
Alexa
Rank:
18 256 409
VERY LOW
Delta:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Financing and law
unverified

Last News

  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.