Project Objective
Even during a bear market, mining cryptocurrencies remains profitable given a few
factors. These factors include the cost of hardware, electricity costs, cooling costs, maintenance
costs, and difficulty level. With the increase in difficulty, instability of price for mining
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hardware, and the residential cost of electricity being too high, mining cryptocurrencies at home
has gotten to be much less profitable than it used to be.
In early January 2018, the cost of one Antminer s9 was over $5000 but now newer, more
efficient Antminers are selling for ten times less. A person who bought an Antminer s9 during
that time will not break even for many years. People mining at home will not be able to turn a
profit with the increase in difficulty and high electricity costs. We want to take away all risks
with home mining and instead, let them enjoy the fruits of mining by simply holding asset
-backed eGM tokens. No rigs, no wires, no maintenance, no electric costs, no home-mining
financial risks. eGold Mining will be the future of passive income and the main mission of the
project is to maximize profits for long-term eGM token holders and to increase the eGM token
base value by using a percentage of net profits to back these tokens with hard assets.
Many investors securely hold their cryptocurrency long-term but receive no additional
income from holding. Their investment is tied mainly to what state the overall market is in, bull
or bear. eGold Mining wants to incentivize token holders regardless of the state of the market.
Through large-scale mining, we want to reward those investors who simply hold their tokens and
put their trust into the future of the company. The longer eGM tokens are consecutively held, the
more a holder is rewarded.
Our plan is to position the business to become the leading brand in profit sharing of
mined cryptocurrencies in the United States. Currently, there are very few companies that share
profits with token holders in the USA so the market is wide open for the taking. After doing
extensive research and feasibility studies, we are enthusiastic and confident that South Dakota is
the best place to launch our cryptocurrency mining business.
Telegram:
https://t.me/eGoldMininghttps://www.egoldmining.com/ 
