The whole Mining-Pool over the 4-year period is running through our smart-contract which is also responsible for the SMT tokens (ICO & Distribution).
For this reason only ETH participation can be processed (by the smart-contract itself).
This model is unique until now in the cloud-mining sector, as normally cloud-mining providers do not share the whole company revenue with their clients, and of course do not allow clients to take a detailed view into their internal accounting.
With Smart Mining clearly the token holders’ does get with 80% of the mining revenue the lion share, and almost all of our accounting will happen on the Blockchain for transparency to our clients.
However, our smart-contract is limited by Ethereums current limitations, which is in this case in detail the gas-cost to update a client’s mining-result in the smart-contract, which costs more than 5,000 gas.
To make a profitable and working business model in this first approach, we need to raise 12,800 ETH but are not allowed to get to many clients to exceed Ethereum limitation.
For this reason, our minimum participation amount is by default 20ETH, but can be lowered for a small amount of clients.
To get a brief overview you can also take a look at our OnePager:
https://cdn.smart-mining.io/SMT-OnePager.pdfAfter a hopefully sold out ICO and finished project, we plan to distribute in the future multiple dynamically sized SMT smart-contracts for future projects, which are registered and deployed dynamically through our homepage. – But this is our long-term vision, which builds on the premises that this project will be a success first.