This introduction is for data purposes as it were. It ought not be interpreted
as on offer to offer, or a sales to purchase any security or token as a security.
By acquiring the BMF token or trading it with your digital money, you
are entering a mining contract with Bitminer Factory, which qualifies you for
certain rights on the computerized administrations created by the mining gear
we work in our offices. The BMF token does not qualifies you for any
appropriation of profits, interests, rights on shares in Bitminer Factory or
some other type of right typically installed in a budgetary security as characterized in
your ward. Bitminer ICO alludes to an Initial Contract Offering whereby
our mining administrations are offered to you. Bitminer Factory is a start-up; an extensive
some portion of this introduction thereof comprises of forward-looking articulations
identifying with: plans and destinations of administration for future tasks or
financial execution; conclusions and projections about current and
future financial and political patterns and controls in the digital currency
what’s more, Blockchain space; and anticipated money related outcomes from mining
tasks. Anticipated money related outcomes and mining activities execution
in this introduction are just an example for potential future benefit and
real outcomes could physically vary from forward-looking explanations.
Blockchain and mining have been on financial specialists’ lips for as long as couple of years,
furthermore, they watched an immense spike of enthusiasm since 2017, alongside the flood
of the cost of Bitcoin and different digital forms of money. Today, many think
that Blockchain will change business and reclassify organizations and
Be that as it may, cryptographic money mining, the principal design behind the
Blockchain environment, is a vitality escalated movement and in that capacity it comes
possibly with an expansive carbon impression, which requires consideration. All together
to play out their assignments, mineworkers need to execute computationally-escalated
calculations on the Blockchain utilizing a plenty of innovative hardware,
for example, redid microchips or specific Graphical Processing
The main who can take care of a particular issue on the Blockchain gets a
remunerate in Bitcoins (or whatever money is being mined), thus the
surge in utilizing intense apparatus that can permit to acquire such
As detailed in a few productions and online assets, the power
required for overall crypto-mining exercises has expanded fivefold
in under a year, achieving a sum sufficiently high to maintain the
vitality prerequisites of entire nations, for example, Peru, Portugal or
Israel. This figure is developing exponentially, and is required to twofold
in the following a year, up to 150 TWh/year, as much as the yearly
vitality utilization of the whole Netherlands. This pattern is, plainly,unsustainable, however is regarded to proceed because of the rising trouble of
mining activities and the expanded rivalry in the field. Mineworkers
require vitality for executing calculations and for cooling their gear,
be that as it may, the vast majority of them don’t generally focus on where they draw
it from – they essentially mind its cost is sufficiently low. This prompts an
abuse of existing non-renewable energy source and other non-inexhaustible sources,
despite the effect they have on nature. The rising
cost of cryptographic forms of money makes the interests in mining progressively
beneficial and, as an outcome, builds the vitality required to
perform such activities, filling an endless loop.
Moreover, the rising cost of oil – and, by and large, its instability – could
unusually hose the gainfulness of digital currency speculations,
whose net pick up is intensely dependent on fuel cost.
Numerous conspicuous distributions have begun raising the alert about the
threats related with aimless vitality utilization related
to digital money mining, and we won’t let this sob for help go to
squander. The objective of our movement, in this manner, is to make mining activities
manageable, both regarding the productivity of your venture and in
terms of natural safeguarding.
Bitminer Factory thought goes back to November 2016, and our advance
from that point forward has been enormous, with our first mining industrial facility, now the biggest
in italy, finished and completely operational since April this year, after twelve
long periods of diligent work and devoted refinements. We began with the
thought of following the digital currency wave, and we have wound up being
at the front line of development in the field, driving the path to a maintainable
process for mining digital currencies. A few distributions are beginning to
recommend that sustainable power sources are the eventual fate of digital money mining,
furthermore, we will be among the first in acknowledging such a fantasy.
Our reasonable arrangement depends on 4 key columns:
- Conferred use of clean vitality: we vow to utilize an inexorably
higher measure of vitality from clean power sources, for example, hydro and
sun powered plants. We will put our decentralized versatile cultivating gear
near eco-accommodating sources, definitely decreasing the measure of CO2
we would require in the event that we utilized customary vitality plants;
- Reuse of something else squandered vitality: vitality plants everywhere throughout the world,
either inexhaustible or not, regularly have vitality left that isn’t utilized and goes
to squander. We have set up organizations that enable us to take advantage of these
vitality sources, limiting the need of creating extra vitality for
our mining purposes, profiting the earth while allowing us a
bring down cost control supply;
- Adaptability through versatile mining units: our mining units can be
effectively moved around (consider them “on-the-wheels” self-governing processing compartments), thusly it will be simple for us to come to the
plants that have the most astounding extra limit every once in a while, or new
intentionally manufactured sustainable power plants;
- Broadening through Renewable Energy resource proprietorship: they will
fortify our situation to accomplish our objectives. With 30% of the returns
of the ICO, surpassing $20M, we will put straightforwardly in the development
of Solar/Hydroelectric power plants. The 100% spotless and inexhaustible
vitality result will be utilized to specifically control our mining gear.
Vitality ventures are capital escalated and require a huge scale: for
this reason, we put resources into Energy extends just past the $20M
stamp, as yet keeping up our responsibility to a greener mining arrangement
on the off chance that returns will be underneath $20M. Owning hand crafted inexhaustible
control plants will enable us to accomplish even lower power cost for
our activities, removing every one of the middle people between vitality
generation and usage. Besides, we will have the capacity to pitch vitality to
the national framework, creating an extra, stable stream of benefits, to
be utilized for our token-holder and for reinvestment in our activities.
GPUs (Graphics Processor Units) were originally designed to improve and
optimise the 3D graphics of the most demanding video games. They are
much faster than the main computer processors (CPUs) at doing specific
calculations, and, thus, are very suitable to mine cryptocurrencies.
Furthermore, GPUs couple cutting-edge speed with high flexibility:
they can mine dozens of different cryptocurrencies, executing various
algorithms, and can adapt to changing market conditions, always working
on the most profitable problems.
We will use the most effective, cost-efficient and durable GPUs. While it is
comparatively easy to identify the most effective models, our experience
building mining farms in the last years allows us to have a competitive
advantage with respect the other two parameters:
Following the incredible price increase of cryptocurrencies in the last 12
months, many people and organisations have entered the mining space,
buying an unprecedented number of GPUs to be devoted to mining.
The retail prices of the most sought-after models have clearly reflected
such an interest, as shown in the chart below, reaching even 3x the usual
prices – significantly undermining the expected ROI of most mining
Our previous experience, our size, and our existing connections with
manufacturers and distributors, however, allow us to negotiate wholesale
prices and reduce lead time – guaranteeing Token Holders a higher RO
Obviously, a fast GPU that lasts few months is not the best investment;
also, while abundant information is available online with respect to the
speed of each card, no statistically-significant data is available with
respect to the durability. How to find the right model and the right make
for your investment?
That’s where our experience kicks-in, as we have extensive historical data
on sustained performance, temperature, and failure rate of dozens of
different type of GPUs, so that we can be confident to choose only what is
the best and will be the best for a longer time, ensuring much better ROI.
There are many type of ASIC (Application-Specific Integrated Circuit)
designed for mining, and we will focus on the ones that are able to mine
Bitcoin, by far the cryptocurrency with the largest market cap.
ASICs trade-in part of the flexibility that is typical of GPUs (in fact, they
can usually run only one algorithm), but they are even faster in their
As it happens for GPUs, sourcing the best components is critical, as
lead times can be long and prices in the secondary markets routinely
get to 2-3 times the regular prices. At Bitminer Factory, we already have
hundreds of ASIC miners working every day, and ongoing business
relationships with the main producers and distributors: we are ready to
source and operate many more.
As we have seen, mining requires vitality – a great deal of it! Besides, the
vitality supply should be dependable and modest, and we need it to be
How might we do that? On account of our to a great degree experienced group (our
organizers outlined and constructed plants for an aggregate of 1000+ MWp, in the
past), we have just anchored various vitality sources, both in Italy
also, Bosnia, with a difficult to-beat cost of 0.055-0.075 €/kWh, which we
hope to bring down much further.
Our machines will be co-situated with the vitality plants, to limit
the vitality conveyance cost and use overabundance vitality right where it
is made, and will have the capacity to move at whatever point new, better openings
At last, we have composed two exclusive lodging answers for our
machines, Gigapod, to house up to 5000 units (GPU or ASIC), and Mobile
Mining Unit (MMU), to house up to 300 units. We considered everything about it
with a specific end goal to upgrade:
- COOLING AND RELIABILITY
Because of CFD (Computational Fluid Dynamics) investigations, we composed
adequate ways to permit air all through the Gigapod and of the MMU, while
devouring only a small amount of the aggregate vitality. A progressed sifting framework
will enable air to pass, blocking dust or different contaminants, guaranteeing
dependable activities in any condition.
Each Mobile Mining Unit (MMU) can house up to 300 units (GPU or ASIC)
in a compact footprint, while each Gigapod can house up to 5000 units.
Furthermore, the MMUs can be moved cheaply and quickly, as they are
base on standard containers.
A dense net of sensors are embedded in the Gigapods and in the MMUs,
allowing our team to monitor performance, temperatures, power
consumption, and state of each piece of equipment, thus letting us actively
prevent and identify any hardware malfunctioning.
Each machine is accessible easily and rapidly, allowing for prompt
maintenance when needed. A detailed dashboard and clear labels/
indicators allow every operators to immediately locate the machines that
need an intervention.
At Bitminer Factory, we are focused on:
- Make the Blockchain reasonable, by utilizing sustainable power source for mining
- Convey exceptional ROI to our Token Holders.
Sustainable power source Projects will reinforce our situation to accomplish
both the objectives above.
With 30% of the returns of the ICO, surpassing $20M, we will contribute
specifically in the development of Solar/Hydroelectric power plants. The 100%
perfect and sustainable power source result will be utilized to straightforwardly control our
mining hardware. Vitality ventures are capital escalated and require a
huge scale: thus, we put resources into Energy extends as it were
past the $20M check, as yet keeping up our promise to a greener mining
arrangement if continues will be underneath $20M.
Owning hand crafted inexhaustible power plants will enable us to accomplish
indeed, even lower power cost for our tasks, cutting every one of the mediators
between vitality generation and usage. Besides, we will be
ready to pitch abundance vitality to the national framework, producing an extra,
extremely steady stream of benefits, to be utilized for our token-holders and for
reinvestment in our tasks.
Our group is extraordinary in permitting the conveyance of such a yearning pair:
bleeding edge mining and specially crafted and manufactured Renewable vitality
ventures. Truth be told, among our originators, we have a sum of 30+ long stretches of
encounter building sustainable power plants, for an aggregate of 1000+ MWp
introduced in different landmasses.
TOKEN Allocation :
The above chart means that every 88 BMF purchased by Token Holders,
10 BMF will be issued to Bitminer Factory Management and 2 BMF will
support our Bounty Program and marketing effort.
All BMF tokens will be issued at the End of the ICO, on 30/9/18, to Token
Holders who have purchased the tokens.
2018 MAY 25
Start Private Sale
2018 JUNE 02
New BMF Landing Page
2018 JUNE 06
Soft Cap Reached
Raccolti 0,5 Milioni
2018 JUNE 20
New BMF Website
2018 JUNE 21
View on Etherscan
2018 SEPTEMBER 30
First Report to Token Holders
End of Stage 1 ICO (Hard Cap 6M$)
2018 OCTOBER 15
Delivery of MMF P14 GPUs Container in Bosnia
2018 OCTOBER 31
Delivery of Immersion Cooling FPGA in Calenzano (Italy)
2018 NOVEMBER 18
Delivery of MMF S9 Asic and P14 GPUs Containers
2018 NOVEMBER 30
R&D with IBM on Power9, Artificial Intelligence and Cloud Computing applications
2018 JANUARY 19
Buy Back Plan starts
2018 MARCH 01
New BMF website to manage Token
Buy Now : https://bitminerfactoryico.io/en/
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Ether address: 0x4523f52D1f28446b05B37A005b4843B83e3e5EF2
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