Crowdfunding campaign offers chance to mine Bitcoin with just one payment

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BITMIN is offering a new pool mining opportunity where people can see a real return. The crowdfunding campaign has been launched on Indiegogo with a target to raise $50,000. Rewards are offered that include ‘Get BITMIN share worth $500 and become a Royal community member.’

Sathes Kumar, who is looking for backers to invest in a high-end Bitcoin mining setup, has launched a new campaign on the crowdfunding platform Indiegogo. The campaign target is $50,000 where backers will be offered rewards.

Sathes Kumar, who works in the tech sector in Chennai, India wanted to give people a real solution in gaining financial rewards with the Bitcoin. After realizing the high cost for computer hardware to profitably mine Bitcoin, Kumar, and a friend devised a plan to purchase high-end hardware to maximize the return on investment.

Bitcoin miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. As time has passed, the problems required to mine Bitcoin have become more difficult and required more processing power. That leaves everyday users without many options if they want to mine Bitcoin. Inexpensive mining setups don’t offer much return on investment, and high-end mining setups can be prohibitively expensive.

BITMIN’s idea is somewhat different: the founders are using crowdfunding, in conjunction with their own investment, to raise the money for an extremely powerful mining setup. Funders receive shares of BITMIN based on how much then contribute, and those shares entitle them to a share of the mined Bitcoin.

Unlike other Bitcoin mining pools, where users share computing power and are given shares based on the power they make available, BITMIN is different. It is going to handle all the mining in-house, with the funders’ money going to purchase high-end equipment designed to maximize return on investment.

“The future of payment is a virtual currency,” Kumar said. “The individual miners are losing ground because of the difficulty and demand. BITMIN cloud mining is the best solution to take advantage of the virtual currency because users don’t have to pay a maintenance cost and only need to make a one-time investment.”

More information about Bitcoin mining is available at https://www.bitcoinmining.com/. More information about BITMIN is available at https://www.indiegogo.com/projects/bitmin-bitcoin-cloud-miner-for-lifetime.

 

About The Crowdfunding Campaign

Sathes Kumar launched the crowdfunding campaign on the Indiegogo crowdfunding platform. The target is $50,000 and in return, investors will receive rewards for their backing.