Thanks for your question, hackers attack everything they can I think... and they don't know that we don't store keys or information on the website.

4 months ago we suffered a Ddos attack for several days that prevented the registration of investors and the purchase of crypto mining plans.

The hackers asked us for $3000 at that time, luckily with the help of the Cloudflare team we were able to mitigate it and finally the hackers got tired...

hacker message: https://prnt.sc/75bWP5E-a2YY
CF activity: https://prnt.sc/Nc5PrzAHcfsv

Due to this bad experience, we began to implement less flexible security processes.



Hello, thanks for your suggestion.

We have tried to do this, and we would love for users to be able to manage their cryptocurrencies!!!

However, doing this requires a large investment in programming to make it happen.
In the future we would like to do it, it would be easier for investors, safer and more automated.

We are currently in talks with 2 crypto software development companies, but as I told you... the cost is still high for us.



Hi Royse, thanks for your suggestion.

Yes, we know that if we need investors we must present more information.

Our presentation is available here: https://drive.google.com/file/d/1zJbomUTYBqGYPPSthmWUMcAoNYdC8zLN/view?usp=sharing

Our data is available in these places:
https://ricemining.com/en/about-us/
https://app.ricemining.com/terms-and-conditions/

Our professional profiles on Linkedin are also available on our website.

Finally, we also share the trademark registration: https://portaltramites.inpi.gob.ar/MarcasConsultas/Resultado?acta=4042675

Hello, thank you all for your messages.
My first message was an introduction to our business model and now that concerns and questions have come up from you, I will be happy to provide further information and details.

My name is Jonathan Álvarez, I am the CEO of Ricemining LLC.

We founded the startup together with 2 other partners (Sergio Garcia and Natalia Cabrera).

My professional profile: https://www.linkedin.com/in/alvarezjhonathan/
Sergio Profile (COO): https://www.linkedin.com/in/sergiogarcia93/

Our company is registered under number 11939140.
You can check our information on the Delaware government website: https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch.aspx

Our current company is registered in the USA.

For our new business model (BTC mining) we are going to register the company in Argentina, since this is mandatory to be able to import ASICs and pay the internal taxes and customs taxes of the country.

Currently we only mine with GPU. (Our idea is to start mining BTC and create a mining farm in Argentina).

[size=200]How our current business model works:[/size]

We rent mining power.
Users through (https://app.ricemining.com) can purchase crypto mining plans.
By purchasing a crypto mining plan, investors get a 3-year contract which gives them monthly earnings for 36 months.
Ricemining LLC keeps 15% of the cryptocurrencies mined each month. This allows us to pay energy costs, maintenance, website, marketing and investor support.
With the money from investors, we buy GPUs that we configure and start mining.
We currently mine the ERGO token as after the Ethereum upgrade we decided it was the most profitable algorithm yet.

[size=200]New business model (BTC mining):[/size]

When the end of Ethereum PoW began to be announced, we began to plan and diagram how to continue mining in Argentina, but with Bitcoin.

[size=200]Why Bitcoin?[/size]

In addition to being the cryptocurrency with the highest value, it is the algorithm that can continue to be mined over time.

[size=200]Projections:[/size]

We have made some projections and costs so that you can see and calculate the possible earnings of mining BTC in Argentina.
In this online sheet: https://docs.google.com/spreadsheets/d/1S7LT49CTew07PAfT2w1vqmtVVwYvOGNylMQQJlHZSUM/edit?usp=sharing you will be able to know some costs of Ricemining in Argentina including ASIC and also the profits.

Current data on Ricemining:

We currently have 20 investors with an average ticket of $350.
We have 200 registered users.

Facts about the people behind Ricemining.
I have been dedicated to crypto mining for approximately 4 years. After mining with my GPUs, I wanted to bring this to the rest of society and create a new revenue model for people.

Sergio, my partner is in charge of configuring and maintaining the mining software.

Thank you all for the time.
If you have any concerns about the online spreadsheet, please let me know.
Also if you have questions about our business model I will be happy to answer.

---

Hello!

I want to say that our website does not administer or manage the cryptocurrencies that we mine.
The website is for business only.

The cryptocurrencies are stored offline and the earnings of the users are not paid through the website, but the earnings are paid to the wallet of each user.

This is to prevent hacking of the website.

---

Hi, thanks for your message.

Well, it is true that foreign investors should be more cautious and perhaps it is more difficult to know the project personally.

However, Argentina is a country with currency devaluation above 75% per year.
This makes local investors unsuitable for setting up mining farms in Argentina.

For this reason we seek foreign investors.


I also think it is a great attraction for foreign investors.
Our operating costs are much lower than in the USA or Europe and mining regulation is not as severe as it is in the USA, with the exception of some states.

[moderator's note: consecutive posts merged]

Hello and thank you for this space to share.

My name is Jonathan Alvarez and I am the founder and CEO of a crypto mining startup in Latin America (Argentina).
We have been working since May 2021.

Our operations started with Ethereum due to the availability of GPUs and the ease of mining this token.
When the Ethereum merger was announced, we started preparing to select the most profitable algorithm for our users, we currently mine ERGO.

Now we are looking to create mining farms in Argentina.

A little history...

[size=200]About us?[/size]

We are 3 founding partners (2 men and 1 woman). The 3 of us live in Argentina.

Our startup is registered in the USA although we operate from Argentina, this is to protect our investors and offer greater legal security in such a troubled world and more so in the cryptographic ecosystem.

We offer rental of mining power through a 3-year contract.

Our users can acquire mining power through our investment plans starting from $100.
When our users rent power, they get a 3-year contract that entitles them to interest on the rented mining power every month.
Our company keeps 15% of the monthly returns. This percentage includes the cost of energy, GPU maintenance, support and administrative expenses.

We do not charge commission for withdrawing money or for investing.

At this moment we have more than 200 registered users and more than 20 investors with an average ticket of $340.
Our users can also reinvest earnings to earn compound interest.

Our platform is for management and control only, the mined cryptocurrencies are not on our platform and users should not request withdrawals. Your monthly earnings are paid directly to your virtual wallet.

[size=200]Why did we create this crypto mining company?
[/size]
We believe in the individual and social change that blockchain can generate and we love applying it to society.
In a world with high inflation, low wages and lack of employment, we seek with crypto mining that our users obtain monthly returns to improve their quality of life and their environment.

[size=200]Why Bitcoin?[/size]

Bitcoin is the most valuable cryptocurrency and also the token that will continue to be used by the PoW consensus system for many years to come.
This aligns with our goals and vision.

[size=200]Why Argentina?[/size]

Argentina is a country with great advantages for foreign investors due to:


We have planned to create the first mining farm in the state of Mendoza, city of San Rafael, due to its high energy availability and average annual temperature of 28º.

[size=200]Providers:[/size]

We have ASIC providers in Florida and Hong Kong.

We also have the support of the Mendoza government to create BTC farms in the city.

[size=200]Costs and projections[/size]

_{*ASIC cost includes customs taxes and internal fees.}

Below we share an image of profits and costs according to the price of BTC:


[size=200]What are we looking for?[/size]

If you are an investor interested in crypto mining, we believe that Argentina can be an interesting bridge to generate cryptocurrencies and profits.
We are looking for investors who can contribute the money to start with 100 ASICs in Argentina.

[size=200]What we offer?[/size]

Our experienced team takes care of the maintenance, management and administration of the ASICs.
We also have our lawyer specialized in blockchain law.
We offer to legally participate in a crypto mining startup.
We also offer accommodation and stay for those investors who wish to travel to see the city and talk personally with us.
If you are interested please leave your concern.

I do not share company name to avoid generating spam.
Any comments, suggestions or concerns are welcome and I will be happy to respond.

Investor Presentation

It is great that cryptocurrency payment alternatives and payment gateways are being developed.
However, it seems to me that the price is excessively high beyond the integration. Today there are several "freemium" and premium alternative options that don't have that cost.

I think you should think about your marketing strategy, for example:
x number of free transactions
different plans according to the needs of your target market

I hope you continue to grow and I wish you success.

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:


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

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.