Further to our recent mention in Coinbase.com's mining roundup article
http://btcworldnews.com/mining-roundup-walmart-bfgminer-and-altcoins-in-the-cloud/ I thought it might help to give an announcement of our service on here and thereby create a thread where people can ask questions.
As people will see this account is new so if any of the moderators and/or VIP supporters of this site would like a free 10GH/s account to have a look around and see the on-boarding process, portal and to have a look at the unique features which gives some impressive earning rates, then please just contact me and I'll be delighted to set it up for you. We already have had a good take up by new customers (and some like Ivan on Twitter are saying nice things already (
https://twitter.com/search?q=megaminebtc)) but are very happy to do our bit to let experienced people, and the key supporters of this site, have a good look round, and also give them a little thank you for the time and effort put into this site.
Anyone that visits our website will see that you can subscribe to our news & offers mailing list which gives an instant discounts of between 25 to 33% depending on contract. If you contact us via here we will be more than happy to give you an additional 5% on top of that discount which you can use, just let us know the contract group (mini/maxi/mega) that you'd like to order and we'll send you a unique discount code to add into the cart.
A very unique feature of our contracts is we guarantee 95% pool "luck". This means that based on the block by block calculated global hash rate, we always deliver 95% of your share of the mining of that block (regardless of what actually happened). Stats are given out in real-time on our portal on 5 block boundaries and you'll find some examples of that on our website. To give you an idea of the advantages to earning rates that this provides, a 10TH/s contract that was started on the 1st May would have already returned 17.734191BTC. We clearly can't really provide any guidance on future earning rates, but we are always happy for anyone to ask us "what would have xxGH/s earned over the last yy days" and we'll give you an answer.
We also have quite a few other unique things like CashNow™ that aim to give the customer full flexibility. All of our features are on our information pages at
http://www.megamine.com/our_products.phpThoughts, comments, questions or anything else are more than welcome, either on here, or by contacting us direct. We appreciate that a lot of people are somewhat sceptical about new services, so you'll see from our website that we are aiming to be fully transparent and up-front about our service, the people behind it, and the earning potential of the contracts. You'll find that myself and the other people at MegaMine have a long track record of creating innovative services in the IT/Telecoms/Hosting marketplace and we aim to bring that level of maturity to further the mass adoption of bitcoin. Our aim is to not only go after the large contracts, but to give anyone that wants to play the mining game an easy, simple way to do it with complete transparency.
For anyone that is already mining themselves you might like to check out our sister company Hydro66 at
http://www.hydro66.com which hosts our miners in one of the most environmentally friendly locations available and has re-written the rule book about how you design data centres which has proven to be ideal for hosting bitcoin miners.
100% Hydro powered, 100% renewable, %100 transparent. That's us.
Here is our press release, and I look forward to answering any questions.
Justin
Justin Fielder
CEO & MD
Megamine
New 100% renewable electricity-powered hosted Bitcoin mining service launchesMegaMine, a London UK company, today announces a new, unique, environmentally friendly hosted Bitcoin mining service.
Minimising its impact on the environment by being 100% renewable hydroelectric-powered and located just outside the Arctic Circle for minimal cooling requirements, the service offers annual contract prices as low as 50 cents per giga hash per second (GH/ s); is the only hosted mining service that provides a unique early contract termination option; and guarantees a minimum of 95% “luck” from its private pool.
MegaMine offers a significant number of new features that will appeal to newcomers and seasoned miners alike:
- All of MegaMine’s miners are running in the Hydro66 facility in Boden, northern Sweden. Hydro66’s facility is 100% powered by fully renewable hydro-generated electricity and, due to its location just outside the Arctic Circle, there is no need to run any additional air conditioning for more than 360 days a year, thereby minimising the amount of energy used overall. This is not only good for the environment, it also lowers the overall costs of running the miners and hence enables us to offer extremely attractive pricing points.
- MegaMine runs its own optimised distributed pool and can therefore guarantee 95% pool “luck”. This means that Bitcoins are earned at a minimum of 95% of the theoretical earning rate that comes from how quickly blocks are solved across the entire Bitcoin network and therefore the percentage earnings that the contract has compared to the global hashing rate. This is applied in real-time on 5 block boundaries, meaning that miners can see their earnings with a maximum of one hour delay.
- A unique CashNowTM option on the Maxi Miner and Mega Miner contracts is available after the first month, which provides a guaranteed market-based price for the Bitcoins earned to date, along with a residual value for the remainder of the contract. The CashNowTM price is shown in real-time on the customer’s portal and, if accepted, payment will be sent within one working day. No fuss, no hassle and no variability in price for selling the earned Bitcoins translates into enormous flexibility for customers.
- All contracts are backed by actual physical mining equipment. There is no subcontracting or usage of other mining facilities, ensuring the best possible availability and uptime. All mining contracts come with an extensive Service Level Agreement (SLA), guaranteeing the availability and earnings of the mining equipment backing the contract.
- An online portal, which updates in real-time every 5 Bitcoin blocks that are solved, gives customers an unprecedented degree of granularity to check and manage their earnings. The customer portal is fully responsive and optimised to work perfectly on desktop computers, tablets or smart phones, meaning that contracts can be bought, cashed in or managed from anywhere in the world. Extensive earning statistics, with scalable graphs and earnings data, enable customers to look at earnings on 5 block boundaries.
- MegaMine is a UK-operated company, backed by Black Green Capital, a UK-based venture firm investing in high-tech startups, and fully complies with all UK financial and money-based regulations.
- Mining contracts start the moment that the contract is purchased, with identity checks being performed in the background, so there is no delay in customers’ earning potential due to the necessary “Know Your Customer” checks that need to be performed.
- All contracts are fully inclusive. There are no additional charges whatsoever: the price quoted is the price you pay for the chosen amount of hashing power for the chosen period.
- Contracts available at http://www.megamine.com range from 50 GH/s to 10 TH/s and all can be purchased instantly. Prices start at 75 cents per GH/s per month for our entry Mini Miner contract and go down to 50 cents per GH/s per month for our Mega Miner 10TH/s contract.
Justin Fielder, Managing Director of MegaMine, says about the new service:
“MegaMine has been designed to address some of the shortcomings of the current hosted mining marketplace. For too long, mining virtual currencies hasbeen complex, difficult and inflexible. We at MegaMine are committed to providing a different kind of service that is mined and hosted on our own equipment, is 100% secure and yet extremely flexible, and offers the best value on the market. But all that has to be backed up with a comprehensive SLA to give the customer security and guarantees, of which we offer the leading position in the marketplace.”Full details of the packages and unique features can be found at
http:// www.megamine.comFor more information, please contact:
‣ Paul Morrison – Business Development Director, MegaMine
paul.morrison@megamine.com Tel: +44 (0)20 7079 9382
‣ Justin Fielder – Managing Director, MegaMine
justin@megamine.comEnds
Notes:
About MegaMine
MegaMine is the trading name of MegaMining Ltd, a UK-based company with 100% renewable hydroelectric-powered mining operations that are located just outside the Arctic Circle in Boden, Sweden. In this region, “free air” cooling can be achieved for more than 360 days of the year to ensure that the environmental impact of mining virtual currencies is minimised.
MegaMine is a company dedicated to offering ground-breaking virtual currency mining services that break the mould by being safe, secure but flexible and based on solid guarantees of performance and earnings. We are the first mining company to remove the issues with pool “luck” and, for customers whose circumstances may change during the life of the contract, we offer a unique CashNowTM feature, which enables contracts to be cashed in early, based on the remaining value left in the contract.
MegaMine is backed by Black Green Capital, a UK-based venture firm investing in high- tech startups. Read more at
www.blackgreencapital.com
