JALAN RUSAK: INMINING – an innovative industrial-scale Bitcoin mining project

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