Ronin Blockchain: Profitable Industrial Cryptocurrency Mining?
What Is Ronin Blockchain?
Ronin is a cloud mining company whose headquarters are based in Vancouver, Canada. The firm fronts itself as the future of industrial blockchain cryptocurrency mining due to the advanced nature of its technological infrastructure. As of now, Ronin runs two mining farms, one located in its native Canada and another located in China.
Ultimately, Ronin envisages a world where it is the leading mining company in terms of market capitalization as well as profitability. The enterprise intends to achieve these objectives by diversifying its operational base, relentlessly focusing on scalability, embracing cutting-edge technologies, and subsiding the cost of their services.
How Ronin Blockchain Industrial Cryptocurrency Mining Works
As mentioned above, Ronin Blockchain currently operates from both China and Canada. After thorough research, the Ronin team settled on these two locations for variety of reasons.
First, China was chosen because of the low cost of setting up a mining farm in the country. Other reasons behind the selection of China include:
- Ease in procurement of hardware- china is one of the world’s leading manufacturers of mining hardware. For this reason, acquiring such equipment is relatively easier if you are set up locally.
- No tariffs – there are no fees imposed on the business.
- Skilled labor – majority of the locals in China are technologically adept, making it easier to employ a competent workforce.
- Low logistics cost – it is comparatively cheaper to ship items within China from the factories.
- Low cost power – as compared to other locations, the cost of electricity in China is significantly affordable.
On the other hand, the Canadian miming facility houses the company’s innovation hub as well as the research and development center. Specifically, this institution is located in Quebec. Since the headquarters are also located within this facility, it is also the home to the global command center of the entire Ronin mining network. Fundamentally, Ronin uses this command center to adjust hash power to capitalize on market opportunities.
In Canada, Ronin tests the latest mining rigs for efficiency and effectiveness before deploying them into the market. This is made possible by the access to reliable source of energy which is drawn from renewable sources. Additionally, the center also serves as the secure storage for the company’s digital assets.
Ronin Blockchain Advantages
With a power capacity of 140MW, miners are assured of continuous power supply regardless of the number of rigs connected to the network. Furthermore, Ronin boasts of a highly skilled workforce that is capable of delivering output of unrivaled quality.
Since Ronin operate in low cost environment, its services are relatively cheap as compared to similar service providers. Moreover, the scalability aspect gives Ronin the upper hand over most of its competitors, since it does not require an upgrade to support more rigs.
A large portion (80%) of the firm’s working capital is invested towards the generation of revenue.
Ronin currently runs mining farms in two different geographical locations, Canada and China. Therefore, in case one facility fails, the other will still be operational.