eGOLD MINING - Monthly Passive Income For Token Holders

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It has been well-documented that popular cryptocurrencies such as Bitcoin and Ethereum combined use more energy than Iceland, Syria and Jordan. The good news though, is that this is driving crypto-miners to combining resources to achieve savings on cutting-edge equipment, professional maintenance, and ultra-low-cost electricity and even generating profit.

Mining is the process by which new crypto coins are created. Unlike traditional money that is printed and distributed by the government, cryptocurrency doesn’t have a ‘central government’.

Instead, ‘miners’ use software to solve mathematical equations (known as hashes) which verify transactions. As an incentive, each miner receives a small amount of cryptocurrency in exchange; a service that could be described as competitive bookkeeping.

The mining process itself is both computationally and energy intensive, especially as the millions of processors worldwide need to be cooled, using even more power. Sebastiaan Deetman, an environmental researcher from Leiden University calculated that if the Bitcoin network continues expanding at this rate, it could draw over 14 Gigawatts of electricity by 2020. This is the same total power generation capacity as Denmark.

As the value of popular virtual currencies increases, so too does their potential to expand and be transacted; this means more strain on the grids. In Venezuela, for example, authorities uncovered a warehouse full of 10,000 mining computers, reportedly drawing enough electricity “to power a whole town.” On the bright side, however, this is also pushing some companies and individuals to mine cryptocurrencies using ultra-low-cost electricity.

eGold Mining is an innovative examples of crypto-mining solutions project that are intended for long-term stationary use. eGold Mining offers mining facilities in South Dakota, USA. eGold Mining plans to build and maintain datacenters with blockchain mining capabilities in South Dakota to cut energy costs and create a sustainable mining ecosystem. With industrial electric prices quoted at 4.5c/kWh, cool temperatures throughout the year, abundance of green energy, and lack of state corporate taxes, South Dakota is a prime location for a large-scale cryptocurrency mining operation.

Established in 2018, eGold Mining is an operation based in USA that plans to build and maintain datacenters with blockchain mining capabilities in South Dakota to cut energy costs and create a sustainable mining ecosystem.

Founded by Dr. M. Avais Khan, eGold Mining is launching a private Security Token Offering (STO) to investors in which eGold Mining’s selling (EGM) tokens, a security token, pursuant to Simple Agreements for Future Tokens between eGold Mining and the investors. Issuing a security token means creating an investment offer where stock or bonds are tokenised and put on a blockchain. You benefit by having more global investor base, enjoying large scale cost efficiency and lowering future liquidity premium.

eGold Mining development Plants are fully automated and do not require maintenance personnel. By eliminating the risks, fees, and maintenance issues associated with cryptocurrency mining, everyone can benefit by earning a passive income through a trustworthy, halal, and profitable venture.

To be a part of the pool, miners must have eGold Mining native token, eGM. The token holder then have to accumulate G-points every day. They compete with others to see who can accumulate the most G-points and earn the largest share of the profits. eGM greatly incentivizes long term token holders as the longer they hold, the higher profit share they receive.

eGold Mining plans to be the first SEC-compliant cryptocurrency mining operation that pays token holders up to 50% of the mining profits monthly in ETH. Moreover, With eGM’s wholesale prices on all expenses associated with mining, diversification of mining services, and team of experts dedicated to a successful operation, an investment in eGold Mining will be extremely beneficial for all those who love to ‘HODL’.

eGM Token will be available for purchase during eGold Mining Security Token Offering (STO). The company plans to issue 25 million eGM tokens. During the STO the eGM distribution will be approximately 80% of total token. You can join the STO HERE.

The eGold Mining project team consists of some of the best minds in the industry.