What is bitcoin mining?
The short answer is simple.
It's validating bitcoin network transactions in exchange for bitcoin.
The beauty of the bitcoin network's blockchain technology is that there is no central authority controlling bitcoin or bitcoin transactions on the network.
Those that help validate transactions get paid with bitcoin.
The network pays people for the work they do validating transactions. In exchange for helping sustain the system, they are rewarded with bitcoin.
The bitcoin network uses outside help to validate its transactions.
Because there is no central authority controlling transactions, the network uses the power of computers participating in the network to make sure that everyone is following the rules.
These "validators" are called bitcoin miners.
They are called miners because the bitcoin reward from the network consists of newly minted bitcoins. This is how new bitcoin are introduced into circulation.
The Blockmetrix Bitcoin Mining Operation
The Most Advanced Mining Equipment
Blockmetrix has developed highly coveted direct relationships with the most competitive mining equipment manufacturers. The mining equipment market is highly fluid, but these strong relationships ensure that we can get equipment at the best possible times, quantities, and costs.
The Right Facility
We want to maximize the potential of our equipment which means putting it in the right facility.
The facility where we will house our mining equipment gives us access to:
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Strong on-site security and surveillance
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Remote analytics for monitoring miner condition and performance
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Low electrical costs
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renewable power
More Than Mining
Mining bitcoin is only the beginning. We intend to use our bitcoin we mine to take advantage of adjacent opportunities.
We are going to use the proceeds of our operation to:
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Expand by acquiring more rigs
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Research and develop emerging revenue sources in cryptocurrency
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Loan bitcoin
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pursue large-scale future opportunities such as establishing a crypto exchange or mining rig co-hosting facility
Meet The Blockmetrix Leadership Team
CEO
Nevin Bannister
Nevin is a professional entrepreneur, having founded startups that have sold for over $800 mil. combined. His ventures chronicle a strong leader excelling in employee development with a consistently innovative approach. In 2015, Nevin had the foresight to begin focusing on crypto and has become an investor in a number of blockchain technologies, exchanges, and currencies.
Owen McCrory
VP of Operations
Owen is a recent graduate with honors from SMU law. Prior to enrollment, he used his leadership skills to help start a number of small businesses, and since graduation, focused his career on building legally compliant and streamlined operations. During law school, he developed a strong interest in the evolving legal landscape around blockchain and has sought out opportunities to apply his research.
Axel Nussbaumer
VP of Digital Asset
Management
Before becoming an entrepreneur in 2015 he studied Business at SMU and worked for a private equity fund based in Texas. In 2016, he became heavily focused on blockchain technology. His early interest and participation in the space have led to multiple successful investments and a wealth of knowledge and experience.
