INMINING

Innovative Approach to Industrial-scale Bitcoin Mining

About

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.

Current issues in Bitcoin Mining

Tightening regulations
The authorities of many countries are considering a full ban on mining for both companies and private individuals. In particular, mining may soon be banned in China, which hosts over half of the world’s mining hashrate.
Lack of infrastructure
A mining enterprise requires a separate, secure territory; 24/7 access; professional tech support; and much more.
High energy costs
Few jurisdictions can offer the affordable electricity and scalable access that are necessary to build a successful mining operation.
Excessive taxes
Taxes often eat up most of the profits.

INMINING Solution

The project provides an effective solution to all the key issues plaguing large mining businesses.
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
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
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.

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

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

Team

Marat Akhmadullin: CEO / serial entrepreneur
Kirill Rechich: CTO
Stanislav Medyulyanov: Founder & serial entrepreneur
Sergey Fadeev: Founder & owner of a construction company
Alexey Nasybullin: IR
Maxim Neretin: Marketing manager
Bitcointalk username: fair111
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=2660645

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