ETHernitymining — Self sustainable and self expandable mining project

WHAT IS ETHernitymining?

ETHernitymining is a crypto mining project that combines green, renewable energy and a group bulk purchase of mining hardware. We introduced our concept to a large mining company and hardware provider from South Africa and we are able to close a deal that can run up to 30% discount on all mining hardware.

To understand how crypto mining works, you have to first understand the concept of the blockchain. The blockchain is the technology that underpins virtually every cryptocurrency, and it basically operates as a decentralized record — or public ledger — of all the transactions that have been conducted with a given cryptocurrency.

Right now many people made individual rig for mining, but here is the difficulties for home based/individual miner

- Pool fees

For mining we need a mining pool (pool is a group of miners that join together in order to mine more effectively) The platform that brings them together is called a mining pool and it deducts some sort of a fee in order to maintain its operations. Once the pool manages to mine Bitcoins the profits are divided between the pool members depending on how much work each miner has done

- Profitability decline per year

No one can predict the rate of miners joining the network no one can also predict how difficult it will be to mine in 6 weeks, 6 months or 6 years from now.

- Conversion rate

No one knows what the crypto/USD exchange rate will be in the future. If you’re into mining in order to accumulate Bitcoins only then this doesn’t need to bother you. But if you are planning to convert these Bitcoins in the future to any other currency this factor will have a major impact of course.

- Increase of hardware price

Home based miners don’t have the opportunity to choose their electricity rate, they can’t get huge discounts on hardware purchases.

- Location

Depending on where you are located you will have to take into account how much your electricity provider charges per KwH. Cost of your used power is one of the largest factors that will determine your return.

From individual / home based miner difficulties Ethernitymining offers a solution for those who can’t afford to start a home mining operation or that want to get involved in mining in a indirect way. By joining our token sale you have direct access to our mining facility. ETM tokens are attached to a certain share of the group purchase. So by owning ETM tokens you own a part of the mining hardware.

HOW DO WE WORK?

STEP 1

Contribute to our token sale. By purchasing ETM tokens you actually contribute to our hardware bulk purchase and you will become owner of the hardware you paid for. As soon as the ICO ends our attorney will legalize a document where every contributor is listed together with his share in the bulk group purchase.

STEP 2

As soon as our first facility is up and running your ETM tokens are granted to receive weekly returns on your share in the mining hardware. As long as you keep your tokens in your personal wallet you will receive your weekly returns directly into your personal wallet.

ETM tokens are a proof of ownership of the mining hardware. So as long as you keep your tokens you will keep receiving returns. You will receive returns on the core mining facility and on every other facility we set up with the 20% compounding model.

STEP 3

You are the owner of the mining hardware backed by your token. This gives you the freedom to do whatever you want. You aren’t tied to a certain duration. If you want to quit or urgently need money you can sell your token on any exchange that accepts ETM trading. By selling your tokens you sell your mining hardware share and hand over the right to receive weekly returns to the person you sent the tokens to.

PROFITS

-We will offer an exclusive mining offer. ONLY holders of the ETM token have the right to participate in our profit share generated by our mining projects.

-To be able to receive your weekly returns your tokens must be in your personal wallet. Tokens you keep on any exchange wallet will not receive profits share. Our smart contract reads all the wallets that hold tokens and distributes the returns to the same wallet. There is no possibility to transfer your profits to any other wallet.

-Our smart contract will track all wallets holding ETM tokens every Sunday between 6–7pm CET. Make sure you have your tokens in your wallet before 6pm Unconfirmed transactions or transactions between 6 and 7pm CET will not qualify for that weeks payout.

-Weekly returns will be distributed to holders personal wallets within next 72 hours. We take a 72 hour period in account because we will mine different coins and it can be possible we need some time to convert everything to ETH.

For more information about ETHernitymining you can visit this below website.

ANN: https://bitcointalk.org/index.php?topic=3064705.msg31577023#msg31577023
Web: https://www.ethernitymining.com
Twitter: https://twitter.com/hernitymining
Facebook: https://www.facebook.com/ETHernitymining-337092196800451/
Telegram: https://t.me/joinchat/Cw8eykUhNCyepzGpsWmY2A
White paper: https://docs.wixstatic.com/ugd/525d48_40cd0fdb82444d828afc83ed0a2f1f19.pdf

Author by: familyforever

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