StartMining - Industrial mining farms in Russia and Europe
StartMining is a project based on construction and launching of industrial mining farms in Russia and the European Union. We plan to put into operation up to 4,000 farms with a total capacity up to 680 Gh/s Ethash
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The main StartMining source of income is the cryptocurrency mining and renting out the capacity for mining. We plan to extract different cryptocurrencies based on the Equihash, Dagger-Hashimoto, EtHash, CryptoNight algorithms. Extraction of various types of cryptocurrency reduces the risks associated with exchange rates and the increasing production complexity. We plan to rent out about 40% of capacities to investors and miners. In some cases, it gives a lower profit, but reduces the risks of the company.
You can find more detailed information about risks in the ‘Risk Management’ section. A part of the received profit is planned to be immediately converted into the fiat currency, another part will be put aside in order to profit on the rates increase. In the first 12 months the investors will be paid a raised percent of the net profit. 40% is the minimal threshold for the payment to the investors. Payment increase is voluntary and not binding on the side of StartMining.