ICO Review Bitminerfactory~Bitminer is a startup from Angeli’s Group, constructors and energy producers for 40 years

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What Is BitminerFactory ?

Bitminer is a startup from Angeli’s Group, constructors and energy producers for 40 years. With more than 20 collaborators and more than €3M revenues, we are the largest industrial crypto-mining group in Italy. Today, we decided to go to the next step: we want to allow everyone to participate in our project, by purchasing our token. It’s a mining contract, that allow anyone to benefit from the production of our mining and renewable energy plants.

BitminerFactory Token Sale Information

ICO Project NameBitminerFactoryico Symbol ICO Price
BitminerFactoryBMF1 BMF = 1.00 USD
ICO Start DateICO End DateType
23/07/1815/08/18ERC20
PlatformAcceptingMin. investment
EthereumETH, BTC, Fiat1 USD
Hard capICO Total Token SaleDistributed in ICO
100,000,000 USD88,000,000 BMF88%

BitminerFactory More Information

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OUR VISION FOR A SUSTAINABLE SOLUTION 

Bitminer Factory idea dates back to November 2016, and our progress since then has been huge, with our first mining factory, now the largest in italy, completed and fully operational since April this year, after twelve months of hard work and dedicated refinements. We started with the idea of following the cryptocurrency wave, and we have ended up being at the forefront of innovation in the field, leading the way to a sustainable process for mining cryptocurrencies. Some publications are starting to suggest that renewable energies are the future of cryptocurrency mining, and we will be among the first in realizing such a dream.

Our sustainable solution is based on 4 key pillars:

  1. Committed usage of clean energy: we pledge to use an increasinglyhigher amount of energy from clean power sources, such as hydro and solar plants. We will place our decentralized mobile farming equipment close to eco-friendly sources, drastically reducing the amount of CO2 we would require if we used traditional energy plants;
  2. Reuse of otherwise-wasted energy: energy plants all over the world, either renewable or not, often have energy left that is not used and goes to waste. We have set up partnerships that allow us to tap into these energy sources, minimizing the need of producing additional energy for our mining purposes, benefiting the environment while granting us a lower-cost power supply
  3. Flexibility through mobile mining units: our mining units can be easily moved around (think of them as “on-the-wheels” autonomous computing containers), therefore it will be easy for us to reach the plants that have the highest spare capacity from time to time, or new purposely built renewable power plants
  4. Diversification through Renewable Energy asset ownership: they will strengthen our position to achieve our goals. With 30% of the proceeds of the ICO, exceeding $20M, we will invest directly in the construction of Solar/Hydroelectric power plants. The 100% clean and renewable energy outcome will be used to directly power our mining equipment. Energy projects are capital intensive and require a significant scale: for this reason, we chose to invest in Energy projects only past the $20M mark, still maintaining our commitment to a greener mining solution if proceeds will be below $20M. Owning custom-designed renewable power plants will allow us to achieve even lower electricity cost for our operations, cutting out all the intermediaries between energy production and utilization. Furthermore, we will be able to sell energy to the national grid, generating an additional, stable stream of profits, to be used for our token-holder and for reinvestment in our operations.

 

LEGAL STRUCTURE 

It is important for our Token Holders to understand that BMF tokens do not carry any participation rights in Bitminer Factory. BMF is not a digital form of a share in the company or any other form of securities issued by a company.

Our BMF Tokens represents a Mining Contract between our Clients and Bitminer Factory. Such contract is published on our website and every time a Client makes a transaction on our BMF is entering that Mining Contract. You can enforce our Mining Contract and you are given legal rights through our
Mining Contract as specified in it. We do not think that any token that is sold as a security gives you any right stronger than the rights you get with our Mining Contract, by purchasing BMF. Tokens issued as securities currently face challenges in most jurisdictions

You can purchase BMF in EUR, ETH or BTC. When you are purchasing BMF, you are buying a service, our BMF token, which carries the rights specified in our Mining Contract. You will receive an invoice from Bitminer Factory for your purchase. You will have access to any Token Strategy without any limitation. When we pay you out your yearly coin production, we are giving to you the product of the service you have initially purchased. When we buy back your BMF, we are purchasing your BMF with all the rights embedded in the Mining Contract

We plan to list Bitminer Factory on the UK Alternative Investment Market after 3 years from the End of ICO. We aim at giving privileged access to the issuance of shares to those holding BMF at that time. Any issuance of shares will be undertaken according to laws valid in the chosen jurisdiction.

 

BitminerFactory More Information

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Bitcointalk Profile
ETH Address : 0x04cd193c757d2c5edf406efb688ec9301bffcd91

 

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