About 803 MINE
803 Mine claims to be building the largest cryptocurrency mine in the United States.
Contributions will be used to build the infrastructure required to become the most significant cryptocurrency mining procedure in America. Leveraging economies of scale,
their organization and government contracts and connections, and proprietary algorithms and software, 803 Mine claims it will quickly gain market share on the worldwide scale. As competitors face increasing prices, varying energy costs, obsolete technology, and increasing mining difficulties, the 803 Mine will apparently be light years ahead.
Currencies accepted by 803 Mine
They accept cryptocurrencies and USD for 803 MINE Tokens and will be pay all token contributors with their share of the “The Mining Fund” in the cryptocurrency of the selection. 803 MINE tokens cover perpetuity.
Transparency & Crypto Audits
803 Mine will create value for their users tokens by holding crypto monies in reservations in a secure, offline business wallet that is 100% transparent and publicly available 24/7.
All mining profits will go into the general public business wallets. Since 803 Mine generates more coins, there will be many more funds in the business wallet, making additional advantage for tokens deposited.
A wise contract lets token owners amass 50 percent of yearly revenues at The Mining Fund. The more tokens a contributor possesses, the larger share of those mining benefits they will assert. Mining rewards are the block benefits and transaction fees collected by 803 Mine for producing a block and confirming the Blockchain – brand new Bitcoins, Ethereum, Litecoin, Dash, Z-Cash, etc.. All coins generated are divided equally among the total tokens issued.
25 percent of monthly yields will go toward raising production, allowing the Net Asset Value (NAV) of this token to increase in value over time. The remaining 25 percent is kept by corporate (803 Mine) to pay costs. This is a special feature since most miners lose up of 60 percent of earnings to electricity costs alone. These distributions don't have any expiration and will disperse into perpetuity.
The Mining Fund
The Mining Fund is the pool in which cryptocurrencies generated from the mining production are deposited. 25% is always put toward increasing production and generating raising payouts without diluting significance for nominal holders or raising additional funds. Expenses are paid from the 25 percent of production allocated to this company.
This covers any and all expenses – like power. Together with the 803 MINE Token issued at $100, it removes the capital intensive obstacles to entry, and allows everyone to enter the market and invest.
The 803 Mine Project is taking the scale of cryptocurrency mining to amounts unparalleled in the United States by building the biggest production facility on American soil – The 803 Mine.
What is the 803 Mine Fund?
The Mining Fund is a closed-end fund constructed on a revenue-sharing Ethereum intelligent contract.
With real-time audibility for crypto and fiat assets, this is the first of its type on a grand scale, open to the general public.
803 Mine Project offers an innovative business model and system which allows nominal owners to capitalize on the rise of this cryptocurrencies, Blockchain technologies, and transaction fees without the hurdles, risks, funding, and technical barriers associated with owning and managing a cryptocurrency mine. The Mining Fund is a closed-end finance which utilizes the Ethereum Blockchain to provide transparency to its own token owners. The 803 MINE Tokens are issued according to a revenue-sharing intelligent contract.
Bright contracts allow nominal owners to accumulate 50 percent of the monthly revenues from the 803 Mine's production. To grow the capital pool, the 803 Mine Project needs continual enhancement in production and capacity, without any extra income inflows, because no new tokens will ever be generated. Therefore, 25% of the revenues are continually put back to the 803 Mine. This permits the Net Asset Value (NAV) of a token to rise over time, which makes the 803 MINE Token, a unique Blockchain token with its value explicitly tied into the performance of the parent job — the 803 Mine.