Greetings fellow Crypto enthusiasts. My name is Tylor, I am an Associate Manager of Mining race and I am here to tell you about the future of crypto mining.
INTRODUCTION:The recent global movement of removing all possibility of cash payments stated an uprising. The idea behind this is, that all transactions can be tracked as well and taxed (get your tin foiled hats). The banks as we know them now are going to merge into one big bank (e.g. Deutsche bank, Banque de France, and every other bank will merge and become Bank of Europe). I know some of you find this hard to believe as the expression "Cash is king" has been around for ages. But keep in mind that some countries in Europe has already done that. In Sweden for example you can't buy a loaf of bread without paying with a credit card, and other countries are following.
Why am I trying to explain something most of you know already. In order to bypass having all your cashflow tracked, many people started moving towards a decentralised system, off the grid. In other words, crypto. But hold on why is this important and why now? Well if and when this system comes into place, all that money you have stashed in your drawer will have to be deposited into your bank for you to use. And if you cant prove where it came from, you'll get taxed. Therefor there has been the biggest increase in the crypto market since the NFT scandal at the end of 2022.
Many of the "big names" have already started investing heavily into bitcoin being a worldwide payment currency, such as, David Marcus (former president of pay pal). Also the UAE has the highest public crypto adoption rate in the world, making what I'm about to tell you very important
THE PROJECT:The mining race is a project that was developed directly by the royal family of Dubai. They believe that in the future when all money transactions will be monitored and the need for privacy will become great as more and more people will seek for decentralised systems, making crypto and bitcoins price skyrocket. So they invested 1.3 trillion dollars developing the fastest growing mining operation yet. Located in Dubai the head office is on the 147th floor of the Burj Khalifa and the mining facilities are located in Al Qouz.
Our vision is To establish the world's largest and most influential Bitcoin mining network, incentivizing enthusiasts, investors, and network leaders to participate. By showcasing a contemporary incentive system, we aim to bring Bitcoin to everyone and foster the widespread adoption of Bitcoin as an efficient revolutionary currency. We aim to bolster the advancement and security of the world's pioneering public blockchain, Bitcoin.
We prioritize expediting its expansion and fortifying its foundational framework. By staying true to its fundamentals, original vision and rapidly contributing to its maturity and growth, we are determined to reinforce its trajectory and fulfil its intended purpose with our community. Our solution to the age old problem is to make the accessibility to BTC mining made easy and decentralized through a structured Web3 solution built on blockchain.
The Mining Race is an organization offering a simple and unique opportunity for 1,000,000 people to get rewarded for mining BTC in our community. With the rising prices of electricity it has never been a better time to be a part of a major project like this. You can read more about running prices here (
https://www.reddit.com/r/CryptoCurrency/comments/17hzsbf/financial_unsustainability_of_bitcoin_mining_and/)
On August 15th 2023 we became market ready. The infrastructure was fully developed and the merger of 3 tech companies occurred with combined market value of 20mil USD. Since the soft launch on September 4th a total of 822 racers have joined exceeding initial expectations. On October 30th the official launch begins. Device sales and hosting stats and the official race begins. We estimate that by the September of 2024 all 1,000,000 spots will be full meaning no new racers can join the project
THE SYSTEM:Mining Race is introducing a community mining program by connecting miners into a global mining network called the Mining Grid. Mining Grid will connect community participants or Racers by assigning them a position also known as Spot in the Mining Grid and redistribute mining rewards based on a pre-programmed and transparent structure.
Network participants of the Mining Race are called Racers. They join the community upon receiving a referral or invitation link from an existing Racer. A Racer must reserve a Spot in the Mining Grid. Thereafter, they need to plug their own mining device into the network (if it meets the minimum requirement of 100TH/s), or If they do not have their own miner, they may buy one from Mining Racer’s Market Place.
Why be a part of the grid and not mine yourself? The combined costs of running a single machine almost exceed the profit if generates. Being part of a bigger grid recues the costs of the operation to a minimum and maximises the profits.
THE DISTRIBUTION:Mining Race focuses on supporting community mining in a secure, fair and transparent way. 100% of the Mining Race rewards are transferred completely to Community Earnings as follows.
74% of all mining rig earnings go directly to you
8% of all mining rig earnings go towards the mining race community pool, used to buy new mining rigs and distributing them fairly among the racers with less rigs, achieving a levelled playing field for all
18% of all mining rig earnings go towards racer's incentives, earning BTC to others who are connected to you allowing them to spend it on buying more mining rigs themselves earning more BTC making us all grow in the process.
At this point we would like to clarify that not only the people you invite to the race are connected to you but the system also connects a racer to your grid (up to 10), if your grid is not full as there are limited spots in the race.
HOW TO BE A PART OF THIS:The be a part of the race all you need to do is receive a referral code. Only people with one can join the race. Once you click on one you will be directed to the account page where you follow the steps in creating an account. Keeping the data private is extremely important so do not share the information with anyone. Securing your spot requires a payment of of 620 AED or 160 USD or 160 Euro. When the payment is complete you are assigned a random number that represents you. No personal information will be shown to other people in the race. Once you have created your account you are ready to start mining. As in all things being the 1st in the race is the most important, but as the system is designed being dead last is no less profitable then being the 1st
Any and all question you may have can be answered on our webpage.
https://miningrace.com/homeReferral link: https://miningrace.com/wallet/invite-activate/GEuD2CITf04dVv20EAJY
