INMINING: Innovative Approach to Industrial-scale Bitcoin Mining:

Francis Odinigwe

The General Review Of The Inmining Platform?

Introduction:

INMINING is a Bitcoin mining company that allow all interested users to participate in industrial-scale Bitcoin mining without having to buy expensive equipment or join a mining group. The project will be centered on Russia's largest data center, which will be built in the Alabuga Special Economic Zone. As a resident of SEZ, INMINING will enjoy significant benefits, which will provide a serious competitive advantage and maximize the benefits of its mining. Although the growth of the Bitcoin market has returned in Q2 2019 after a long decline, the mining company Bitcoin still faces several challenges. Rising energy prices, lack of technical competence, low profit margins, high taxes, increased pressure from the authorities, lack of locations with the necessary infrastructure - these problems all cause many mining companies to fail and close.

INMINING will solve all the problems listed above thanks to its unique location and chosen technological solution. Very low electricity prices in the Alabuga SEZ (only $ 0.025 per kWh), together with sufficient tax and customs benefits, will enable the project to maximize its profits. At the same time, BitFury's container mining solutions will ensure maximum capacity and mining efficiency on an industrial scale. This project will create value distributed among the token holders thanks to an innovative lottery model that will allocate part of the mining profits among users. Another part of the profits will be reinvested in new mining equipment to compensate for the possible decrease in the level of profit margins in the future. But another part of the profits will be allocated to buy back INMG tokens on the open market and then burn them to maintain the long-term stability of the tokens.

BENEFITS OF CONTAINERIZED MINING SOLUTIONS:

 Minimal costs

 Fast delivery to the site

 Quick setup and launch

 Uninterrupted functioning even in difficult conditions

 Protection from rain, snow, and bad weather

 Mobility

 Ease of use

 Remote monitoring and management

 Enterprise-grade quality

 Easy upgrades

 Environmentally friendly

 Simple design.

INMINING OPERATIONS:

The INMINING data center will use the BlockBox AC containerized hardware from Bitfury. This will allow for easy scaling with a minimum step of 1.2 MW, the minimization of capital investment, and fast setup and launch.

• Top Level Productivity:

A BlockBox AC mobile data center is comprised of 176 air-cooled servers with a total hash rate of 14 PH/s.

• Innovation & Scalability:

BlockBox AC is one of the most powerful yet least costly solutions available in the global Bitcoin mining market.

• Mobility:

BlockBox AC data centers are a comprehensive, containerized solution that can be positioned in any geographical location.

• Reliability:

The round-the-clock monitoring and tech support provided for the BlockBox AC guarantee maximum productivity and fast problem resolution.

• Remote Performance Monitoring:

The owner of a BlockBox AC can remotely monitor the hardware using a browser interface or a mobile app.

• Next-Generation Technology:

BlockBox AC data centers can be easily upgraded by replacing only the necessary components.

CURRENT ISSUES IN BITCOIN MINING:

a. Tightening Regulations:

The authorities of many countries are considering a full ban on mining for both companies and private individuals. In particular, mining may soon be banned in China, which hosts over half of the world's mining hash rate.

b. Lack Of Infrastructure:

A mining enterprise requires a separate, secure territory; 24/7 access; professional tech support; and much more.

c. High Energy Costs:

Few jurisdictions can offer the affordable electricity and scalable access that are necessary to build a successful mining operation.

d. Excessive Taxes:

Taxes often eat up most of the profits.

INMINING SOLUTION:

The project provides an effective solution to all the key issues plaguing large mining businesses. The Alabuga Special Economic Zone is one of Europe's top locations for launching large industrial projects. Thanks to its dedicated railway terminal, equipment can be delivered directly to the site. The data center's security will be guaranteed by the fenced-off territory, professional security personnel, and in-house fire brigade.

 Affordable Energy:

The site provides a total of 350 MW of power (of which 30% is currently unused) and a free-of-charge service connecting the production to the electricity mains.

 Tax Exemptions:

INMINING will be exempt from land, property, and transport taxes for 10 years. Furthermore, the territory of the Alabuga Special Economic Zone is considered a free customs area.

ROAD-MAP:

January 2019

Start of preliminary planning for the data center construction

March 2019

Site selection and negotiations with the representatives of the Alabuga SEZ

April 2019

Market research and selection of the hardware provider

March 2019

Formation of the token sale team

May–June 2019

Preparation for the token sale

July–September 2019