Simply put, as digital asset miners, we help facilitate thousands of blockchain transactions around the world every single day. Every time someone wishes to make to make a transaction (ie to buy something or send money), miners like us help to facilitate this transaction and are paid a small ‘service fee’ to do so.
The common analogy we use here, is like that of a bank ATM. We buy, own and manage the machine, and every time someone uses our machines, we make a small fee from the transaction. Multiplying this analogy by thousands of machines, and millions of transactions, this is the simplest way to understand how we generate returns for our members.
While mining was once profitable for individuals or small groups, over time, it has become more cost and labour intensive – driving many miners to abandon their machines due to unprofitability. To ensure consistent returns for our members, our mining facilities are setup in Batam, Indonesia where they are constantly monitored, repaired and run by our team members. This is for our POW (proof of work) style machines, which require computing power to solve complex mathematical algorithms.
As time has gone on, we have also expanded our strategies to include POS (proof of stake) validation, liquidity pools and DeFi (decentralized finance) – giving us access to 500+ different projects to mine at any given point in time. With our dedicated research and development team always keeping a finger on the pulse, we’re able to mine the most profitable asset at any given time. This helps us to future-proof our operations, and ensure profitability for our members for years to come.