The cryptocurrency industry rests on a few key tenets, decentralization and being trust-less. These powerful benefits of the blockchain and cryptocurrency industry are provided in part by the process of mining. Mining is important to the cryptocurrency industry because of the benefits it provides to the larger ecosystem but also because of the benefits that it could be provide to the miners involved.
Miners are able to realize significant gains if they conduct their operations efficiently and minimize their daily electricity costs. Miners have to make certain to stay consistent and smart in which coins they mine, when they mine them and how they mine them. Cryptocurrency prices fluctuate on a day to day basis and miners must be prepared for these fluctuations.
The field of cryptocurrency mining can become quite hazardous due to volatility. The volatility present in this important aspect of the industry can act as a discouraging factor to the practice of mining, if values of coin rewards are low and both investment and operational costs are high, why would anyone want to mine? It wouldn’t make any sense.
This is where Ambit Mining wants to come in and make a difference, the project seeks to address the varying issues that are present in the industry and provide a streamlined solution that will work for current and potential market participants.
About Ambit Mining
Ambit Mining is unique in the industry because of its track record and experience in the field of mining, in addition to having been in the field for a while, the company has been able to run their mining operation in a successful manner. The team over Ambit Mining have already constructed a 1 MW diversified mining facility in the Tbilisi Free Economic Zone, which has achieved 100% ROI in just 5 months.
As they have established a base of success, proving out their concept with this minimal version and achieving a 100% ROI, they believe they have the expertise to scale up and provide a solution that caters to many.
They are now aiming to scale their operation to 20 MW and is in the process of inviting mining enthusiasts to join their mining family. With their expertise in the field, they’ve been able to secure partnerships with prominent hardware manufacturers and tech companies, allowing them to run a successful and profitable mining operation.
Their mining operation runs as efficiently as possible through a couple of key aspects:
- Green Energy – All of their mining units are powered by 100% renewable hydro energy, ensuring low cost and green electricity supply at only 5 cents per kW/h.
- Regulatory Compliance and Safety – Their mining farm is located in the country of Georgia, one of the most crypto friendly countries in the world, with abundant green electricity and favorable government regulations.
- Experience – Ambit mining has already constructed 1 MW diversified farm in Georgia, which generated over 1.3 mln profit per year, with this experience they aim to further expand their operations and to share the profits with the community.
- Tax Advantages – The mining farm is located in Tbilisi Free Economic Zone, which is a tax free area in Georgia. Meaning that operation will be exempt from majority of licenses, taxes and will benefit from the simplified procedures.
The Ambit Mining Solution
Ambit seeks to provide investors with lucrative return on investment minimizing the disadvantages of cloud and home mining. As Ambit mining already has the infrastructure to conduct mining operations in an efficient manner, an investment in ambit would mean less risk and more potential secure cash flows.
Benefits of investing with Ambit:
- Token with Payouts – Token holders will be entitled to the profit share from the Ambit mining and hosting operations, which will be paid out bi-weekly in ETH at pro-rata basis. The first payments will begin from the hosting facility within 4 months after the end of ICO, full payouts are planned to start 6 months after the ICO.
- Risk Diversification
Ambit provides an opportunity for diversifying the risks, by investing in the mining infrastructure. Since the farm will be mining using both ASICs as well as GPUs, the income is not dependent on a single coin’s performance.
- Decentralized -Ambit believes in a community driven business and decentralization, so 85% of the total token supply will be available for the public sale.
- Ownership – In case of sale of assets, such as ASICs or GPUs, when they become outdated, the proceeds will be paid out to token holders at pro-rata basis.
- Voting Rights – Token holders will have the voting rights, which means that they will be able to participate in certain business decisions, when it comes to innovation and improvement of our operations.
Investment and ICO
Token Sale Volume: 88 million AMBT
Token Issue Volume: 104 million AMBT
Presale Start Date – April 10, 2018
Presale End Date :April 17, 2018
Crowdsale Start Date – April 20, 2018
Crowdsale End Date- May 10, 2018