What Is MiMiner?
This is a project created by the MiMiner Pte. Ltd Company. The company is a developer of mining services and engineering solution for hosting mining equipment. To be part of this project, you can purchase the MIT tokens at the ICO.
How MiMiner Crypto Mining Equipment Hosting Works
MiMiner is a set of special rooms, outdoor sites, associated utilities, and the supporting staff and systems. This creates a common physical space for mining rigs. Besides that, it will be able to function 24/7. The primary function of this center will be hosting and setting up equipment, selling new mining rigs, repair of rigs, internal purchase and sale of rigs among users, maintaining private blockchains.
This service offers comprehensive data about the model, serial number, mining pool, actual hosting site, temperature, and the hash rate of each unit. When you buy equipment from them, you will get proof of ownership. Besides that, you will receive proof of custody if you hand over any equipment to them. In the future, this project plans to create its own pool to cut down on the withdrawal fees.
The main reason why they can offer such low fees to users is due to the low-cost power. This project will be generating its own power, which will help to minimize mining costs. This lower cost will be passed on to the users.
This project will feature rapid deployment. In most cases, a project needs to have rapid deployment if it wants to survive in the crypto mining sector. The farms for this project will be created from scratch and will feature the dimensions of a 40 feet container. As a result, it can rapidly be transported by rail, sea, or road. It takes less than 5 hours to deploy.
However, this will depend on whether there is the pre-installed power supply and internet communication. Farms are a turnkey solution, which includes setup and connection to MiMiner. As a result, it is possible to do remote monitoring of the farm.
The security can be looked at from various perspectives. One of them is economic security. The company is registered in Singapore, where ICOs are legal and regulated. The fair judiciary with a long record of fair rulings will guarantee economic security. Besides that, the ICO itself is powered by a smart contract. This contract will be made available for scrutiny.
Another aspect of security is data security. Users can be assured that all their data is protected by the latest security measures. The entire system is set up with the security of users in mind. Besides that, there is continuous monitoring to ensure there are no hacks that occur.
MiMiner MIT Token ICO Details
Parameters Of The ICO
- Token Ticker: MIT
- Token Price: 1 MIT = 2 USD
- Token Pre-Sale: September 25, 2018 – October 25, 2018
- Main Token Sale: November 25, 2018 – December 25, 2018
- Accepted: ETH, USD
- Token Standard: ERC 20
- Token Type: Utility Token