InMining: evolution of the mining industry
Although the mining industry is nine years old, this industry is in the stage of active development and formation. The era of "home mining" has long passed, when with the help of a couple video cards, users were able to extract significant amounts of cryptocurrency. The next stage of development was cloud mining platforms and mining hotels, which gained particular popularity induring 2018. But they also go into the past, showing investors their unreliability and insufficient range of services provided. The mining industry has moved to a new stage – full cycle tokenized mining enterprises, when the investor can fully delegate the purchase, installation and maintenance of equipment, without losing an ability to quickly enter and exit the market and control all processes. An example of such an approach to an organization of mining production is the INMINING project.
INMINING is a cryptocurrency mining platform with its own largest data center. The main production site of INMINING is a data center under construction in the SEZ "Alabuga" with a capacity of 10 MW, which will be one of the largest in Russia. The data center will be equipped with moontainers with commachines BlockBox AC from the leader of the mining industry Bitfury. Each mobile unit BlockBox AC consistsservers, air-cooled, and the total hashrate will be 14 petahash per second. This is one of the most powed least expensive solutions available on the global bitcoin mining market. The use of containers allows quick installation and start-up minimizing construction and maintenance costs.
The most successful special economic zone in Russia was chosn thot the data cener SZ "Alabuga". It has its own railway terminal, which will allow delivery of mining equipment in a short time and is located in a protected fenced area. But the main advantage of SEZ "Alabuga" is the unique conditions for high-tech projects. The territory of SEZ "Alabuga" has 350 MW ofsupplied capacity 30% of which are curently free. This will allow the INMINING project to scale production quickly and easily to compensate for the increase in complexity and maintain a sufficient level of profitability. The cost of electricity for INMINING will be 2.5 cents per kWh. For comparison: the price of kilowatt per hour in China, which is consiered one of the centers of the world bitcong, in March 2019 was about 8 cents, and the world average cost of electricity ranges around 15 cents per kWh. As a resident of the SEZ "Alabuga", the company "Blockchain technoloich manages the data center INMINING, will be exempt from land, property and transport taxes for 10 years, and thanks to the regime of free customs zone in the SEZ “Alabuga” will significantly reduce the cost of importing foreign equipment.
INMINING operates on the tokenomics business model with elements of gamification. The previous generation of mining projects offeestings in physical assets: for example, remotely purchase equipment and place it in a mining hotel or rent computing power in data centers (the so-called “cloud mining”). In both cases, the investor enters into a rice contract for a particular service. Unlike cloud mining and mining hotels INMINING tokenizes its assets and sells utility-tokens INMG. INMG are backed by high-tech equipment from Bitfury and digital asset is here a cryptocurrency, produced in the data center. Given the computing power, electricity costs and the growing complexity of the bitcoin network, each module of the INMINING data center will be able to produce about 46 biin a year after it starts, which is scheduled for early 2020.
Tokenization of a mining enterprise is a way to diversify your assets, invest in a growing mining industry with minimal effort and the ability to quickly enter and exit this market.
Please read about INMINING tokenomics business model aoject web-site and white paper.
More and more investors are getting involved in the mining industry and this requires a new look at the economics of mining enterprise. Due to the unique conditions of placement in special economic zone "Alabuga" INMINING data center works in the mining market more efficient, affordable and safer.
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