Bitcoin Forum

Hi, I'm Jonathan Alvarez. CEO and co-founder of Ricemining.

I am here to tell you what we do, what we have achieved and where we are headed. Mainly I would like to have the opportunity to tell you what you earn with us.

Investment: Cryptomining

Main advantages of investing in Ricemining
Earn ether cryptocurrencies without buying
Capitalize on your savings
Possibility of reinvesting your interests
Direct payments to your virtual wallet Metamask or Binance

Additional advantages:
No commissions for investing or for collecting your profits.
Binding contract with a duration of 3 years.
Permanent support via whatsapp, ticket system and telegram.
Financial education through our blog and webinars
Investment plans from 100 USD

In summary: You acquire a contract with a duration of 3 years (36 months) and receive your *monthly variable interest in the cryptocurrency ether directly to your virtual wallet, without commissions. You can reinvest or renew the contract whenever you want.

About us
We are 3 co-founders from Argentina with extensive experience in crypto mining, cryptocurrencies and blockchain. We believe in the philosophy of the blockchain and pursue the same goals: decentralization, market access for low-income or unbanked people, and individual economic growth that has an impact on society.

Our COO, Sergio, specialist in fintech, tokenization and blockchain finishing his current studies in business administration.
Our Marketing specialist, graduated from the health area and motivated by the social change caused by cryptocurrencies.

Our goal: to improve the economy and financial education of people in order to develop society and the future of young people.

Our history:
We launched Ricemining after investing in crypto mining individually where we gained experience and knowledge for more than 3 years.

Operations:
Our operations are in Argentina due to the advantages for our users, lower production costs and greater economic benefits.
Our service operates on the Ethereum network. In the coming months we will diversify into other networks and services to add added value and the possibility of diversifying our users.

Market:
We currently have investors mainly in Latin America. In recent months we have added users from Europe (Spain and GB) and the USA.

Transparency:
We make the payment of interest each month to the virtual wallet of each user:
Metamask: over the Polygon Matic network with the WETH token.
Binance: ETH token
We are registered in the USA since 2021.

*Variable interests: Our interests are variable mainly due to the volatility of the cryptocurrency and the crypto market and to a lesser extent due to the difficulty of the Ethereum network. Our peak was in August 2021: 12%, February 2022: 7%

Public formula available:
https://ricemining.com/wp-content/uploads/2021/12/mathematical-formula-for-paying-interest-to-investors-Ricemining-1200x150.png

FAQS
*APY: 66%
Monthly ROI: 7%

*apy updated every month.

What returns do you offer per month?
Returns vary according to market supply/demand. The average is 9% in USD with peaks of 12%.

What virtual wallets do they pay to?
We use Metamask through the WETH token on Polygon for advanced users and Binance (ETH) for investors just starting out.

Can I receive my dividends in EUR and/or USD?
No, returns are paid in cryptocurrencies.

What type of company are we?
We are a company registered under LLC in the USA since 2021 and we have authorization to operate in foreign banks (USA).

How can I invest in Ricemining?
We offer investment packages from 100 USD. The form of payment is through cryptocurrencies and stablecoins.

When do I receive my first interest for investing?
We do not sell mining power (mh/s). Each inverter adds mining power to Ricemining. When we receive your payment, we acquire equipment to connect them to the network. Sometimes, due to lack of stock, import blockage or delays not related to Ricemining, putting a new equipment into operation can take time. By contract, we establish a prudent time of up to 20 days maximum that Ricemining has as an obligation, to put new equipment to work with each investor that enters. In the worst case, your first month of payment could be 50 days after your investment. (20 days to add your investment to the network and 30 calendar days for your first payment).

How long is the contract?
The contract lasts 3 years from the date of signature between Ricemining, the responsible manager and the investor. For 36 consecutive months you receive interest on your investment.

Can I terminate or cancel the contract?
No, however you can sell it to Ricemining, other investors through us or a third party. The price is determined by the owner of the contract.

Do you have a referral or commission program?
No.

Can I reinvest or add more capital to my contract?
Yes, at any time you can add more capital so that in your next interest payment you receive the same based on your new investment capital. The term of the contract is not updated, if you add more capital in month 20, you will receive interest until completing the 36-month contract.

What is the basis of the contract between the investor and Ricemining?
When you invest, you add in your contract calculation power represented in mh/s, this power will be the one that determines your interests monthly based on our public formula visible on the website.

What are the costs of Rice mining?
Internet, Insurance, Electricity. We have no maintenance cost.

Do we charge commissions for investing or paying?
No, each package from 100 USD is applied net in computing power represented in mh/s. When we pay interest, the only commission is that of the network (Polygon) currently. Along with your payment, an invoice is sent that includes the visible url of the cost of the tx in Polygon.

What will happen if Ethereum migrates to PoS and I have a valid contract?
We will transfer the calculation power to the validation algorithm that offers the best returns for our investors in relation to cost/benefit. This clause is included in the contract and it is our obligation to ensure the interests of investors.

What variables influence the monthly interest payment?
Mainly the difficulty of validating blocks on the network and the cost of production (electricity).

What other services does Ricemining offer?
Currently our core business is crypto mining, however we do housing services and we plan to launch Staking and Swap within the platform by 2022. On the other hand, we will advance with the validation of blocks in other algorithms, mainly Bitcoin, to offer investors the possibility of diversifying.

What investor support do you provide?
We offer support via Telegram, email and ticket system on the platform. We also organize webinars for investors where we discuss and answer questions.

About us (https://ricemining.com/en/about-us/)

I want to thank you for the space and opportunity on this site.

Any questions, concerns or suggestions please just answer this thread and I will be happy to help you.