BITMINE: BLOCKCHAIN APPLIED TECHNOLOGY VIA MINING

INTRODUCTION
Cryptomining process is a process whereby various types of transactions of crypto are confirmed and included in the digital ledger of the blockchain. It is as well called mining of crypto coin. The mining of crypto has advanced as an activity and topic. This is because the usage of these currencies has exponentially increased since some years back. The process of mining involves competition among cryptominers to provide a solution to complicated mathematical issues using cryptographic hash functions with the association of transaction data embedded in a block. Whenever a transaction involving crypto is carried out, a miner of cryptocurrency is to make sure that the originality of the particulars are ascertained and as well ensure that they update the transaction on blockchain. To make the crypto mining services more competitive and solve some mining-related problems, BateMine was created.

SOME CHALLENGES FACED BY MINERS THAT LEAD TO THE CREATION OF BATMINE
Though the recently existed mining platforms have put in there best but there services are not up to standard and characterized with problems that serves as a source of discouragement to investors.
The major aspects that were not perfect enough and needed perfection are they of energy and the cost of mining. The mining of crypto are too expensive and also consume a lot of electricity. For instance, during the peak period in December 2017 when there are many fresh investors who were entering the crypto world newly. As a result of this, the transaction was increased. With the previous processing speed, transactions were less efficient as they where stuck and by so doing transactions were delayed for about two weeks before they will be processed. During this period, any man that want to have an inch free transaction will have to pay between fifty to hundred dollars (50-100$) as a transaction charges which should not be so.

BATMINE WAYS OF SOLVING THE PROBLEMS
This platform has provided a business model which will help in the provision of transparency and assurance to the investors to a reasonable extends. Batmine adopts secure, predominant location, highly experienced team, a relatively low cost of transaction, a green source of energy and 55TH/s Hash power to produce a cost and ratio of performance without equal.

REVENUE GENERATION APPROACH
BatMine have put in place four revenue generators to ensure the increment of investors profits. This generators are:

1. Crypto mining.
   Batmine will at first mine Bitcoin, litcoin, Ethereum and also a mixture of coin that are proof-of-work based, coins that are based on scrypt-algorithim. Coins that are mined depend on the rate of profits investors can make on there mining process.
2. Mining for interested people.
   This approach is a service rendered to customers who are not interested in having mining equipment. With this technology in place, customer in question will receive his first revenue with 45days.
3. Service of a custodian.
   BatMine will help in hosting and control hardware uses and purchasing. Batmine will help in the location hosting miners.
4. Sales of hardware.
   Batmine will provide mining equipment and also develop a market that will allow the wholesale and retails of the platform's chips and miners.

USEFUL LINKS
Website: https://batmine.io
Whitepaper: https://bit.ly/2AChLhT
Facebook: https://www.facebook.com/BatMineICO/
Twitter: https://twitter.com/batmineico
Medium: https://medium.com/batmine
BitCoinTalk ANN: https://bit.ly/2FpEVMq
Subscribe: https://batmine.io/#subscribe

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