November 21st, 2017 at 11:35 am UTC · 3 min read
BitFerry leaders have been working in hardware market for around 25 years. Big advantage that might go unnoticed is use of word ‘platform’. BitFerry would allow its investors to build a portfolio of miners with different locations and equipment. This way, you are not forced to pick only BitFerry’s services. Rather, you can build truly sustainable portfolio with miners from multiple locations and different hardware. Such feature opens up new possibilities for investors aimed for maximum profit.
Have you heard that mining is dying? In fact, it is more alive than ever before. The industry is booming right now. New hardware, cheap electricity in selected countries help miners to gain profits that outperform most sophisticated trading strategies on the cryptocurrency markets. The only issue is investment amount. Industrial mining farms need a lot of bootstrap capital, resulting in a low number of investors with serious bids.
One of the most prominent project, BitFerry, have decided to go unusual way. Company have not gathered money from big private investors. Instead, they have decided to give chance to earn a buck for smaller investors.
BitFerry aim to build one of the largest farm in Europe, with deep vertical supply chain integration. They have agreements with a wide range of hardware suppliers. BitFerry leaders have been working in hardware market for around 25 years.
Big advantage that might go unnoticed is use of word ‘platform’. BitFerry would allow its investors to build a portfolio of miners with different locations and equipment. This way, you are not forced to pick only BitFerry’s services. Rather, you can build truly sustainable portfolio with miners from multiple locations and different hardware. Such feature opens up new possibilities for investors aimed for maximum profit.
On top of that, their farm is going to be built in Russia—emerging market country with one of the cheapest electricity rates in the world. Severe weather conditions allow for solutions without active heating, saving on project costs too. Another factor is high interest to cryptocurrency mining and blockchain in general in Russia. Number of politicians promote cryptocurrency among political community, lobbying for laws that make mining profitable. Law is not a problem too, as mining is completely legal in Russia.
BitFerry tokens act as preferred stock. Any investor (one’s investment may start from $0.1) gets share of mined cryptocurrency by the company. Actual amount of cryptocurrency depends on the relative number of tokens in whole supply. Most of the investors get 80% of the mined amount, while investors with bids bigger than $100 000 enjoy special conditions. Also, token would be sold on exchanges some time after ICO finish. Typical rate of return on cryptocurrency mining is around 300% per annum.
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