Crypto News

Bitmain will be mine along with the buyers

Experts Bitmain, during a speech at the conference in Chengdu, China, presented the development strategy of the organization. The latter must restore the position of the manufacturer of equipment for mining on the market. The new development implies the pursuit of three objectives:

  1. The lower input threshold for equipment buyers. Previously, the company was required to pay the full cost of the order at the conclusion of the contract. Under the new terms, the buyer will be given the ability to transfer the entire amount closer to the date of shipment.

  2. Organization incentive programs. Buyers of large lots of equipment will be available to additional options. So who ordered more than 1 thousand Usikov Antminer S17 Pro customer will be entitled to registration 62 put options.

  3. Implementation of joint mining. Bitmain will offer customers whose equipment is not running at full capacity, the ability to mine cryptocurrencies with the company. Miners will receive compensation for the value of the electricity rate of 0.05 dollars. USA per kW-h member will be able to become tenants of a number of models of Asimov.

It is noteworthy that Bitmain expects to receive 75% of profits from joint mining. The remaining balance will be transferred to the owner of the equipment. If the profit is less than expenses, Bitmain will take 100% of mined cryptocurrency.

Also read: Bitmain is looking for the top 10 farms for mining

We will remind, at the moment, the company is
struggle for the seat of CEO in advance of the IPO.


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