Brand Story
10 Apr 2021, 22:13 GMT+10
iM Intelligent Mining (iM) officially announced the launch of its solar-powered blockchain mining. With rising worries over massive electricity usage in blockchain, iM has come up with the best solution needed for the hour. It aims to completely shift the blockchain mining model by establishing autonomous, solar-powered mining rigs built in the desert and owned by a decentralized network of iM token holders. Short term goals of iM are to establish the first mining farm and build a dapp.
iM Intelligent Mining offers a graceful solution to the problems of worldwide power consumption, environmental damage, centralized block-mining operations (51% attacks), blockchain scaling, and high barriers to entry for individuals and developing countries. Founder and CEO Daniel Elimelech said,
"...anyone can be a part of that, literally any person that has access to the internet. Instead of having the machine at home with all the dust and heat and cables, you just hold the token and it's like owning your own mining farm."
iM Intelligent Mining provides an investment structure that begins with solar energy production.
Token holders retain fractional ownership of autonomous mining farms. Their present value does not depend on cryptocurrency, but the future potential value may rise in accordance with it. Each mined bitcoin will be used to buy from the iM token pool to increase their value and demand.
The mining farm has adopted environmentally friendly practices that not only reduce the impact but also improve profit. For example, the cooling systems allow the rigs to work at a higher speed indefinitely which will provide 1.5 times the standard revenue. This combined with discounts for bulk mining equipment and energy financing partnerships create 4 times the typical retail return on investment.
Excess heat is stored and released overnight to continue powering the rigs in the dark. 9% of profits gained go towards community operations, as in maintaining equipment and funding 24/7 security detail on-site. 30% of profits are to reinvest, 60% are distributed to the community, and 1% goes towards the iM non-profit, dedicated to further developing hardware, software, and infrastructure efficiencies.
MSNBC denounced bitcoin and NFT's as fads that are destroying the planet. Worldwide adoption of green energy will eventually provide the blockchain activity with free electricity and will allow all individuals to have a hand in energy production. Democratizing and distributing ownership of these foundations of our society are crucial towards permanently improving the socio-economic floor for all of humanity.
About iM Intelligent Mining
iM Intelligent Mining is a decentralized blockchain mining operation that employs the use of autonomous, solar-powered mining rigs to provide free electricity to the blockchain. iM token holders enjoy the benefits of owning both a solar panel farm and a mining rig without the complications of building it themselves. Advanced cooling technology, bulk purchase of equipment, and streamlined operations maximize profits and provide revenue for maintaining equipment and reinvesting in growth.
Media Contact: [email protected]
Contact/Socials
iM Intelligent Mining Website: https://im.farm/
iM Intelligent Mining on Twitter
iM Intelligent Mining on Instagram
iM Intelligent Mining on YouTube
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
(Photo credit: David Richard-Imagn Images) Riley Greene, Javier Baez and Gleyber Torres will start in the All-Star Game this month,...
(Photo credit: Eric Canha-Imagn Images) Boston right-hander Walker Buehler looks to put a horrid six-start stretch behind him when...
(Photo credit: Kamil Krzaczynski-Imagn Images) The Chicago Cubs set a franchise record by bashing eight home runs in a single game...
(Photo credit: Michael C. Johnson-Imagn Images) Felix Ojo, a five-star offensive tackle, will stay in his home state of Texas after...
(Photo credit: Ken Blaze-Imagn Images) Wenceel Perez and Zach McKinstry hit solo home runs and four Detroit pitchers combined for...
(Photo credit: Chadd Cady-Imagn Images) The Tampa Bay Rays will begin their long, strange trip to the All-Star break when they face...