When we start our mining operation you are likely to get more bitcoins for your money, and less risk due to the following reasons:
1. Based on the current hashrate and bitcoin price (Jan 1 2019) the cloud mining contract equals to buying Bitcoin at a significant discount to the Bitcoin price. Although this may vary due to changes in the hashrate, a cloud mining contract will historically give you more bitcoin each month, than what you had received for the same amount of money buying bitcoin directly in the market.
2. A cloud mining contact give you the possibility to build yourself a monthly cash flow, rather than having to speculate on timing in such a volatile market as the bitcoin price.
3. If the Bitcoin price falls, the global hashrate also falls, giving you more bitcoin each month making up for much of the price risk associated with bitcoin.
4. It is very difficult to safely buy a large amount of bitcoin in the market due to the maximum purchase cap at the bitcoin exchanges. A cloud mining contract is often the only way of safely getting a large amount of bitcoin for your money, and for institutional funds and investors to diversify into bitcoin.
5. A cloud mining contract gives you freshly mined virgin bitcoins that is often valued more than circulated bitcoin due to the 100% certainty they have not been used for any illegal activities. The only way to receive real virgin bitcoins is through mining or buying the miners wallet directly.
6. A cloud mining contract gives you the possibility to mine other SHA-256 algorithms and crypto currencies if they become more valuable or profitable than Bitcoin in the future, making diversification possible and eliminating much of the risk associated with just buying one type of cryptocurrency.
If Evolution Global new chip is working as the tests are showing it is likely to do, we expect to be the mining operation with the lowest break-even price of any mining operation in the world today. This means we are likely to continue to mine also at low bitcoin prices, even when our competitors have to shut down their operation due to their higher costs.
By prepaying for electricity and all costs on a long term perspective it gives us stability to guarantee service in the years to come. In a industry where too many contracts are dependent on maintenance fees to be paid from the rewards every day. There is a added risk that operations will cease if there is a temporary downward trend in pricing or rapidly increased complexity. We will continue mining regardless of the future price development of BTC. As we see a future where prices again will increase radically.
We have a new groundbreaking technology that reduces electricity cost by over 80% compared to miners using the industry standard Antminer S9, that gives you a lower cost and higher profit on your investment. Since we can mine with less power we pass that saving over to our customers, and since we can stay profitable and mine even at lower BTC prices the risk is far lower for us having to shut down our operation. In addition by mining in our pool we pay out 100% of the block reward and fees mined to our customers. That’s right you can mine with 0% pool fees for the entire duration of your contract.
We only want customers with a minimum 3 year perspective. We also need predictability for our investments in build of datacenters. Since the main investment cost has to be made regardless of 3 or 5 years the yearly price for a 5 year contract is cheaper and the best option if you are looking for a long term perspective. Since our contracts include electricity and maintenance there is no risk we will stop mining in the future because we cannot afford to pay electricity bills.
Mining is shcheduled to start by end May.
In the event of delay, then for every day delayed start the contract termination date will be extended with one day. So total time of mining stays the same. In the event of shutdown or power failure for over 1 day mining will be extended with the same period.
Once mining start you will register your own user account on our mining pages. Here you will define your external cryptocurrency/Bitcoin wallet where you want your mined coins to be transferred to. Be aware that for each transfer to your external wallet there will be a small transaction fee (controlled by the Bitcoin network) so we recommend you only transfer on a weekly or monthly basis or whenever your balance is 1 BTC or higher. otherwise if you have a low hashrate and choose transfers on a daily basis a considerable percentage of your rewards will be deducted as transaction fees. If you have large hashrates then Daily rewards will be of a significant size allowing you to withdraw on a daily basis.
Cloud Mining is the process of mining utilizing a remote datacenter with shared processing power often contracted through a Cloud Mining company in our case Evolution is the Cloud mining company.
This type of mining allows users to mine Bitcoins without having to manage their own hardware. Since Cloud Mining is provided as a service and due to Evolutions revolutionary technology we allow all our customers to participate in the upside compared to competing companies using technologically inferior hardware.
Terahash is the unit used to measure speed of the mining hardware mining cryptocurrencies. It is specified in hashes per second. Where one hash is basically one calculation of the Algorithm. 1 MH/s is One Megahash (Million) hashes per second. One GH/s is billion hashes per second or 1000 Megahashes. 1 TH/s is 1 million Megahashes per second. 1 PH/s is 1000 TH/s and so on.
one hash = 1 hash of the cryptocurrency Algorithm. In our case SHA-256 Algorithm.
Kilohash/s = 1.000 hashes calculated per second.
Megahash = 1.000.000
Gigahash = 1.000.000.000
Terahash = 1.000.000.000.000
Petahash = 1.000.000.000.000.000 A single of our miners mines bitcoins at 4 PH/s.
Exahash = 1.000.000.000.000.000.000
Global total for Bitcoin mining at time of writing is approx. 40 EH/s.
Evolution Global AS is a Norwegian LLC registered in Norwegian Companies registry. with registration number 920800793
CEO is Erik Solberg a Norwegian entrepreneur that started with Bitcoin mining in Late 2009, and have a background from several other startups. Read more about his background here:
You can look it up yourself at the Norwegian company registry at this link.
Evolution Globals majority shareholder is Solguille Invest AS.
We charge no pool-fees! all coins the pool earn (Mining reward + Transaction fee allocation) are split proportionally
among our pool members based on their hashrate share.
When comparing us to other vendors please do look for this often hidden fee. Which is 1-2% of all your mining proceeds and quickly adds up to a large amount over a period of 5 years.
The amount of bitcoins that 1 TH/s can mine every day depends on many factors.
- Total amount of hashrate in the world.
- Price of bitcoin that drives the total hashrate. (if price is too low and complexitiy too high miners will shut off their hardware and complexity goes down.)
As a general rule of thumb at the current block reward of 12,5 BTC per Block (every 10 Minutes) the entire world can only mine 1800 BTC per 24 hour period. (this number varies a bit as hashrate goes up or down.
You can for instance check out www.whattomine.com choose ASIC and under SHA-256 enter the amount of hashrate in GH so 1 TH would be 1000. Set price and energy to 0 (since our contracts are all inclusive) and you can easily see how many Bitcoins you can produce at any given time. Numbers are in real time and this changes slightly every hour/day/minute.
After buying hashrate with us you simply need to sit down and wait a while.
Mining is expected to start around May 2019.
Once mining starts you will be notified via the email you registered when you placed your order. Make sure you keep this email updated at all times.
You will be notified via email about mining startup and will then be required to register your wallet address (BTC, BCH) or other currencies we will support.
Once this is done sit down and relax and see the bitcoins coming in to your wallet on a regular basis. We will do all the hard work for you.
In principle you can add multiple purchases to your account later. We only plan to sell limited capacity to the public. We expect to be sold out shortly and do not plan to re-open sale to the public as our focus when expanding will be on professional investors buying large volume capacity.