Unattractive power rates and investment models

We’ve all seen a litany of hosting businesses, cloud mining projects, and "done for you" Bitcoin mining solutions, all of which fail in one way, POWER AND OWNERSHIP. They also fall short in a number of other ways.

Many projects have ventured into countries lacking the correct infrastructure and economic stability in search of power costs, only to fall victim to import/export taxes, government instability, and changes in costs of power overnight (detailed further in our Hosting arm page.) Most stable solutions out there provide a very limited APY and usually operate at a power cost of over $0.08/KWH. As well as operating through the model outlined below:

1 - Buy your own ASICS (Usually with a significant margin.)

2 - Ship your ASICs to the hosting service (You're responsible for tariffs, usually 35% or more.)

3 - Pay infrastructure and setup (Many times there isn’t a grid available to tap into, it's often built.)

4 - Earn very minimal Bitcoin profit per month, taking years to ROI on ASIC machine cost.

For even the most cautious and patient investors, this is simply not an attractive investment offer.

MinePro, through tokenization, aims to solve the industry-wide retail sentiment that Bitcoin mining is a frustrating, slow, and "boring" investment.

Startup style “cloud” mining, and zero revenue protocols.

Then there's the various start-up style cloud mining offerings throughout crypto, which operate on the principles of very low transparency. Almost always, there's very little visibility into anything happening behind closed doors. How many GPU’s/miners are there? What’s the power rate? Where are they located? These questions are almost never answered, leaving investors with complete uncertainty.

This is not something that occurs only in the Web3 mining space, in-fact, it's one of the most pervasive issues in the wider cryptocurrency industry today. How many times in the crypto space have you heard the following from projects: "We're going to build a multi billion dollar blockchain" and "We plan to build the world's biggest metaverse?"

Probably too many times right? MinePro is a much-needed break from this model.

Proven Revenue

99% of all Web3 startups fail. Oftentimes, there's no streamlined path to producing actual revenue. Most of the time these projects are built upon extraction, rather than creation. MinePro isn’t a concept, or a “big idea,” or a game/dapp, that will require years, and mass adoption to produce an actual profit. This is a 100% verifiable, income producing RWA asset that will bring Bitcoin liquidity enmasse to the ICP ecosystem. Something that is sorely needed.