MINING WITHOUT EQUIPMENT EASY!
DEMAND FOR GPUs IN 2017 INCREASED BY 5 TIMES
EQUIPMENT MANUFACTURERS FOR MINING CAN'T KEEP UP WITH DEMAND
DIFFICULTY OF MINING ETHEREUM HAS INCREASED MORE THAN 15 TIMES SINCE BEGINNING OF 2017
Today mining is both a mechanism for supporting distributed blockchain systems, and a profitable business if concentrated in the right hands. We can observe the steadily increasing popularity of mining by looking at the difficulty chart of bitcoins and other coins. Mining equipment is becoming more and more productive. Video card manufacturers satisfy the demands of both gamers and miners, and release special video cards more often. Like any industry, mining industry can experience ups and downs. Now we are going through the stage of decline, the profitability of mining is dropping, but you can still earn money.
MINEDOZER is a project designed to balance a dropping market, and the experience of our team. At this stage, we sold our mining farms and leased the equipment capacities from major Chinese suppliers. Our partners give us priority and provide us with good prices. Moreover, we don’t bear costs for maintaining equipment. We mine a large number of coins including BCH, ETH, ZEC, DASH and others. Sometimes we have to mine with a negative return, as the price of coins can decline, and the contract for capacities has already been purchased. We try to minimize possible losses by using automated algorithms.
We have 4 automated algorithms to work fruitfully:
We created MINEDOZER in order to increase our capital. Its name reveals the idea of our project. Our business model is as follows:
1. Purchase of contracts for supply of mining capacities.
2. Mining of coins that match our criteria.
3. Sale of coins on the exchange.
On the one hand, our results may seem unremarkable. However, our monthly average income is about 7.5% * from working capital with multiple turnover. We do not pay for programmers, for supporting servers, and for transferring BTC into fiat.
Given the increasing difficulty of most of the coins we work with, we allow an income decrease up to 0* at the rate of 25% * per quarter. The announcement of new major forks improves the situation in this industry.
We successfully completed the main ICO round and we managed to attract 400 ETH (01.12.17 – 07.12.17), 100% of tokens are distributed among investors.
Token name: Minedozer
Total supply: 400 000 000
ERC20 Contract: 0x35d01fc1ee086586aedeab42160219eb20c07d0b
Owner ERC20 Contract: 0x05bfbdcd090fae156bc4b434d349d008e5f99a02
October 2017 – concept development for MINEDOZER project
November 2017 – presentation of WhitePaper v.1.1.0
December 2017 – the ICO launch
December 2017 – successful completion of ICO (400+ ETH were collected)
December 2017 – distribution of MDZ tokens
January/February 2018 – suspension of the project (due to relocation of the suppliers of mining capacities)
February 2018 – resumption of work
February 2018 – adding a MDZ token to the Stocks.Exchange
March 2018 – adding a MDZ token to the Yobit.net
May 2018 – update of WhitePaper v.1.2.0
May 2018 – reporting for 4 months, redemption of tokens.
June 2018 – adding the MDZ token to the XXX exchange
September 2018 – reporting for 4 months, redemption of tokens.
The founder of the project. Specialist in the field of blockchain technologies. Former telecommunications engineer at BCE (Bell Canada Enterprises).
Businessman. Manager of supplies of mining hardware to Russia and CIS countries.
Microelectronics Engineer. Specialist in the setup and testing of mining hardware. Participated in the setup of mining farms of industrial scale in the territory of China and India.