My Blog About Blockchain: ETHernitymining

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ETHernitymining is a crypto mining project that combines green, renewable energy and a group bulk purchase of mining hardware. We introduced our concept to a large mining company and hardware provider from South Africa and we were able to close a deal that can run up to 30% discount on all mining hardware.
In this way we can offer contributors the most profitable mining opportunity ever seen.

During the primary stage of our development we are mainly going to focus on building our mining facility in South Africa. We will cooperate with an existing mining facility for several reasons.
-This mining facility uses 90% green energy. And using green energy is our main goal for all our future mining operations.
-Through this mining facility we are in direct contact with mining hardware providers and we will have the opportunity to buy our hardware at highly discounted prices. Depending on our order we will get a discount up to 30%.
-We don’t need to hire staff to maintain our South African facility. Our miners will run in the facility of our partner. As we are European based this is the best solution for us. Our partner has a team of engineers 24/7 available to solve any kind of problems.

BENEFITS FOR TOKEN HOLDERS

Predetermined duration

Cloud mining services always offer contracts with a predetermined duration, mostly 24 months. So your investment is locked during this period and there is no way to get back your investment before the end date.

Ethernitymining offers an undetermined duration of your participation in our mining activities. As long as you hold your tokens in your personal wallet you will automatically receive your share of the mining profits. If for some reason you want to end your participation in our mining activities you can just sell your tokens on external exchanges where ETM will be exchangeable or you sell them back to the company. By selling your tokens you also hand over the right to receive your weekly profit share.
Selling your shares means your hand over the right to receive profits to the person or company that buys your tokens.

Maintenance and service fee

Cloud mining services and other companies that offer mining opportunities mostly charge an additional fee on top of the fixed expenses of your mining contract. These fees are the main source of income of cloud mining services.
After you bought your contract they don’t care how long your contract is profitable. They just care about the fees they can collect for offering their services.

Ethernitymining will never charge additional fees for their services. As company we hold 5% of the total token supply. Just like tokens bought by contributors our tokens will also bring returns from our mining projects.
Those returns are the only profits our company will make. We don’t take money from contributors to pay ourselves. After the ICO we only take a small part of the raised funds to inject as working capital in our company.
But as soon as our mining project are set up and running 100% of returns are returned to token holders without any additional fee deducted from returns.

Transparency

Most cloud mining services and other mining services just want you to believe them on their word. They claim to have mining facilities, they claim to make a certain return,…. But they never deliver proofs of their activities.

Ethernitymining will provide full transparency according to activities, returns and everything needed to be a transparent company. Except for detailed locations of our operations everything will be shared and contributors will have the opportunity to visit several of our facilities to see our projects running.
We will also have an external company auditing our activities and returns on a regular basis. This audits will be published on our platform and social media.

Profits

-We will offer an exclusive mining offer. ONLY holders of the ETM token have the right to participate in our profit share generated by our mining projects.

-To be able to receive your weekly returns your tokens must be in your personal wallet. Tokens you keep on any exchange wallet will not receive profits share. Our smart contract reads all the wallets that hold tokens and distributes the returns to the same wallet. There is no possibility to transfer your profits to any other wallet.

-Our smart contract will track all wallets holding ETM tokens every Sunday between 6-7pm CET. Make sure you have your tokens in your wallet before 6pm Unconfirmed transactions or transactions between 6 and 7pm CET will not qualify for that weeks payout.

-Weekly returns will be distributed to holders personal wallets within next 72 hours. We take a 72 hour period in account because we will mine different coins and it can be possible we need some time to convert everything to ETH.

TOKEN DISTRIBUTION

All tokens will be distributed within 5 days after the end of the crowd sale, no later than May 5th. Purchased tokens and tokens earned by referring will be distributed together. Every member will be able to keep track of his total ETM in his temporary member account. Referral platform will close after conclusion of the token distribution and will be replaced by our mining track platform.