The World’s First Fully Decentralized Mining Rigs will be Solar-Powered, Sustainable, and Eco-Friendly to Provide the World with an Ethical, Long-Term Blockchain Solution
Las Vegas – April 2, 2021 – iM Intelligent Mining (iM) announced today its official launch. iM aims to initiate a paradigm shift in blockchain mining by establishing autonomous, solar-powered mining rigs built in the desert and owned by a decentralized network of iM token holders. Short term goals are to establish the first mining farm and build a dapp. At launch, iM token holders will receive staking rewards and governance power. In the future, iM will provide all blockchains with 100% energy needs and deploy a fleet of rigs into low-earth orbit.
The difficulties of owning and operating a mining rig combined with the initial startup costs are major hurdles for low-income or highly mobile individuals. iM Intelligent Mining provides an investment structure that begins with solar energy production and ends in blockchain mining. Token holders retain fractional ownership of autonomous mining farms whose present value is independent of cryptocurrency, but whose potential value will rise in concurrence. Each mined bitcoin will be used to buy from the iM token pool to increase their value and demand.
Worries over electricity usage in blockchain mining are rising at the same rate as public awareness of cryptocurrency. MSNBC denounced bitcoin and NFT’s as fads that are destroying the planet. Centralized agencies fear decentralization for good reason, and those concerns spill over to those who do not occupy the crypto space. However, power consumption in all sectors is a problem that must be addressed immediately. No financial institution is able to avoid massive environmental impacts, even crypto.
iM Intelligent Mining offers a graceful solution to the problems of world-wide 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 states, “I started mining bitcoin at 8 dollars per day. It was pretty fascinating that you could potentially be part of the banking system and receive rewards, and 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.”
Proprietary cooling systems allow the rigs to overclock indefinitely while providing 1.5x standard revenue. This combined with discounts for bulk mining equipment and energy financing partnerships create 4x 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% go towards the iM non-profit, dedicated to further developing hardware, software, and infrastructure efficiencies.
Worldwide adoption will eventually provide the vast majority of blockchain activity with free electricity and will allow all individuals to have a hand in energy production and the blockchain-based economic institutions that will dominate the world. Democratizing and distributing ownership of these underpinnings of our society are crucial steps towards permanently raising 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.