BY Risen Jayaseelan - August 14, 2018
Special Features 0
Minerium’s low risk mining opportunity
At the centre of the blockchain and cryptocurrency revolution lies the concept of mining.
Simply defined, crypto mining is the process in which transactions are verified and added to the public ledger known as the blockchain. Miners get rewarded with new tokens of the cryptocurrencies they mine. You need powerful hardware equipment and low electricity tariffs to conduct mining profitably.
You will also be competing against large mining farms spread across the globe, including hotbed China, where the bulk of mining takes place today.
Hence it is not an easy task to mine profitably, and yet we have all heard stories about how some early miners had become millionaires because of the bitcoin they were rewarded with.
Those following the industry closely would have come across hosted mining and cloud mining services, which offer investors a stable return for a small investment.
While that is a growing area, there have already been some known scams in the industry, where the so called mining firm absconds with your investment.
Less obvious are the ones who suddenly decide to shut their services down, very likely after they figure out that the mining task has turned in spoils far too profitable to share with investors.
It is with these nuances in mind that Minerium was created. It’s founders hope to establish a service and brand that inculcates the necessary professionalism and integrity that the sector lacks.
It was first launched in October 2017 and later received investments from tech institutional investors that included Fatfish Internet Group (ASX:FFG). Fatfish has multiple investments in the consumer Internet and blockchain sectors around the world.
Minerium runs large scale cloud mining centres across the globe.
So how is Minerium differentiating itself? Eric Goh, the chief operating officer of Minerium explains, “With its first cryptomining farms set up in Malaysia, Minerium brings crypto mining efficiency to the forefront by extending its operations to other international locations such as Mongolia and Canada, where low cost energy is readily available.”
Goh adds, “Minerium’s crypto-mining farms are secure and equipped with strong and efficient computational power specially designed for crypto-mining. With a highly trained and experienced operations team in place, Minerium has been able to make large scale industrial mining accessible for everyone, while maximising its performance.”
Lastly, the fact that Minerium is backed by a credible and publicly listed investment firm, namely Fatfish Internet Group, gives the assurance that Minerium is here to stay and abide by the rules, points out Goh.
For those badly bitten by mining scams, this is great news.
Minerium will be having a road show of its services beginning on August 20. Link: https://www.eventbrite.com/e/kl-crypto-mining-meet-up-tickets-48907055319?aff=ebapi