🪢How Things Currently Work

Currently, the standard for mining cryptocurrencies involves the following procedures

• Establish a warehouse facility wired for high power computing requirements (some states do not allow mining cryptocurrencies in certain areas because of high electricity demands on their power grids.

• Obtain the appropriate permits which are over a dozen types

• Install a massive cooling system

• Purchase millions of dollars’ worth of mining equipment

• Purchase management software to both mine and maintain all systems

• Beta test the systems before operations are ready for launch

• Hire maintenance engineers to oversee all operations

Establishing a mining operation is very cost intensive and requires specialized software, mining devices, and engineers to maintain these systems 24/7.