1. Executive summary
INMINING will allow all interested users to participate in industrial-scale mining of
Bitcoin without having to buy expensive equipment or join a mining pool. The project will
center around Russia's largest data center, to be built in the Alabuga Special Economic
Zone. As a resident of the SEZ, INMINING will enjoy significant benefits, which will give
it a serious competitive advantage and maximize the profitability of its mining.
Even though the growth of the Bitcoin market has resumed in Q2 2019 after a long
downturn, Bitcoin mining companies still face some challenges. Rising energy prices,
the lack of technical competences, low profit margins, high taxes, increasing pressure
from authorities, the lack of locations with the necessary infrastructure – these problems
all cause many mining companies to fail and close down.
INMINING will solve all the issues listed above thanks to its unique location and chosen
technological solution. The extremely low electricity price at the SEZ Alabuga (only
$0.025 per kWh), together with ample tax and customs benefits, will allow the project to
maximize its profits. At the same time, the containerized mining solution by BitFury will
ensure maximum capacity and efficiency of mining on an industrial scale
The project will create distributed value among its token holders thanks to an innovative
lottery model that will allocate a share of the mining profits among users. Another part of
the profits will be reinvested into new mining equipment to compensate for a possible
reduction in the profit margin rate in the future. Yet another share of the profit will be
allocated to buying back INMG tokens in the open market and then burning them to
maintain the long-term stability of the token.
The initial offering on INMG tokens is scheduled for Q3 2019, with the data center set to
open in Q1 2020.
More information about the financial and business models of the project are available in
the “Tokenomics” document.
2. Bitcoin mining: dynamics and trends
2019 marked the 10th anniversary of Bitcoin. Over the course of a decade, its price grew
by a factor of 2 million. The market capitalization increased 20 times compared to 2013.
Bitcoin is traded on more than 400 exchanges, together with 1500 altcoins and tokens.
Even though crypto trading is more often in the news, mining remains the main driver of
the industry. Miners confirm all transactions in the network and add (“discover”) new
blocks to the blockchain. For finding a new block, a miner is awarded 12.5 BTC.
Powerful computational devices installed in mining farms work around the clock to
discover new blocks.
The peak of popularity and profitability of Bitcoin mining occurred in the second half of
2017. For instance, in China, each Bitcoin mined during that period brought a net profit
of $2000. The increasing demand for equipment also generated significant profits for
manufacturers of mining chips (ASICs), such as Bitmain, which earned a revenue of
more than $2.8 billion in just six months.
At the end of 2018, the BTC price started falling rapidly, and the market capitalization
decreased by almost 90%. By the end of the year, over 600,000 miners were forced to
turn off their devices to not work at a loss. The “crypto winter” reached its lowest point in
February 2019, when the price neared the $3000 mark
In the second quarter of 2019, the price started growing again, and as of July 2019, the
hashrate (total computational capacity of the network) was 30% higher than at the top of
the market boom in 2018. However, the fast influx of miners into the market doesn't 1
mean that the era of super profits has returned. Quite the contrary: Starting a profitable
mining business under the current conditions requires one to solve several serious
problems.
The INMINING solution
The project provides an effective solution to all the key issues plaguing large mining businesses.
The INMINING solution
The Alabuga Special Economic Zone is one of Europe's top locations for launching large industrial projects. Thanks to its dedicated railway terminal, equipment can be delivered directly to the site. The data center's security will be guaranteed by the fenced-off territory, professional security personnel, and in-house fire brigade.
Affordable energy
Affordable energy
The site provides a total of 350 MW of power (of which 30% is currently unused) and a free-of-charge service connecting the production to the electricity mains.
Tax exemptions
Tax exemptions
INMINING will be exempt from land, property, and transport taxes for 10 years. Furthermore, the territory of the Alabuga Special Economic Zone is considered a free customs area.
Our partners
Alabuga Special Economic Zone
As of 2019, Alabuga is the largest and most successful industrial and manufacturing SEZ in Russia. The LLC Blockchain Technology is registered in the SEZ. There is a preliminary agreement on building a large mining data center.
Synergis.Lab
Synergis.Lab is community of IT and blockchain experts. For the Inmining project they made review of the white paper and developed Tokenomics.
Genirium
Genirium is a marketing agency which works with blockchain projects and cryptocurrencies. The Genirium agency is the INMINING project's partner and consult the project on marketing, PR and IEO.
Mining operations
The INMINING data center will use the BlockBox AC containerized hardware from Bitfury. This will allow for easy scaling with a minimum step of 1.2 MW, the minimization of capital investment, and fast setup and launch.
Top-level productivity
A BlockBox AC mobile data center is comprised of 176 air-cooled servers with a total hashrate of 14 PH/s.
Innovation & scalability
BlockBox AC is one of the most powerful yet least costly solutions available in the global Bitcoin mining market.
Mobility
BlockBox AC data centers are a comprehensive, containerized solution that can be positioned in any geographical location.
Reliability
The round-the-clock monitoring and tech support provided for the BlockBox AC guarantee maximum productivity and fast problem resolution.
Remote performance monitoring
The owner of a BlockBox AC can remotely monitor the hardware using a browser interface or a mobile app.
Next-generation technology
BlockBox AC data centers can be easily upgraded by replacing only the necessary components.
Benefits of containerized mining solutions:
Minimal costs
Fast delivery to the site
Quick setup and launch
Uninterrupted functioning even in difficult conditions
Protection from rain, snow, and bad weather
Mobility
Ease of use
Remote monitoring and management
Enterprise-grade quality
Easy upgrades
Environmentally friendly
Simple design
INMG Token – Key Facts
Type: ERC20
Token distribution: in 10 days after the completion of the initial token sale
Listing of the token at crypto exchanges: December 2019
Additional emissions: No
INMG tokens are not to be considered a security, investment asset, or financial derivative. Listing on crypto exchanges: soon after the completion of the token sale.
Please note that US citizens and residents (tax or otherwise) are forbidden from buying, selling, or transferring INMG tokens. Potential buyers from other countries and jurisdictions must first ensure that purchasing INMG tokens is legal and allowed in their jurisdiction.
Roadmap
January 2019
Start of preliminary planning
for the data center construction
March 2019
Site selection and negotiations
with the representatives
of the Alabuga SEZ
April 2019
Market research and selection
of the hardware provider
March 2019
Formation of the
token sale team
May–June 2019
Preparation for the token sale
July–September 2019
Launch of the advertising campaign and
the first stage of the token sale
September–November 2019
Main stage of the token sale
November 2019
Completion of the token sale
and token distribution
December 2019
Token listing at crypto exchanges,
start of the data center construction work
February 2020
Launch of the data center
Our team
Our team
Marat Akhmadullin
CEO / serial entrepreneur
Marat has extensive experience in the field and excellent decision-making skills
Kirill Rechich
CTO
Kirill is a strong technical professional who focuses on developing himself and his teams
Stanislav Medyulyanov
Founder & serial entrepreneur
Stanislav is a thought leader and expert in business process restructuring
Sergey Fadeev
Founder & owner of a construction company
Sergey has successfully run a construction business for over 20 years
Alexey Nasybullin
IR
Alexey is responsible for the development of investor relations (IR)
Maxim Neretin
Marketing manager
Maxim is a specialist in the design and implementation of marketing strategies and advertising campaigns
For more information, please follow the links below:
Bitcointalk Username : Jalan rusak
