The decentralized mining protocol continues with its path of sustainable innovation with their third offering.

Introduction

After successfully hosting the first and second MTO in late July, the Mining Token officially announced the commencement of its third MTO in August.

The Mining Token ($TMT) was created in order to completely decentralize the Proof of Work mining process, from investment to profit, and therefore tear down the boundaries established by Proof of Work mining.

Given the rising demand for cryptocurrencies and the market’s one-of-a-kind potential, they recognize that no one wants to be left out. Setting up an Ethereum miner necessitates not just a big investment but also technical knowledge and a great deal of devotion. 

That is why TMT provides a solution for all entrepreneurs that wish to take advantage of the technology revolution but are unable to do so on their own.

How Do They Spend the Investment and Why Does It Make It Sustainable?

Ethereum Rigs:A mining rig is made up of the same components that go into a normal desktop computer. But there are a few differences. In a normal desktop computer, you have a good balance between CPU, RAM, GPU, and HD. With gaming computers, you have higher clocked versions of CPU, loads of RAM, one or two GPUs and SDDs.

With mining rigs, you want the lowest clocked CPU, bare minimum RAM, 5,6 or 7 GPUs and a very basic HDD]/SSD, you don’t want (or even can) fit all those GPUs instead of a normal case. For this, specially assembled shelves are used to place each of the components. 

Mining rigs require quite a bit of power, so electricity cost is a big factor when computing whether mining can be a profitable venture. This is why the location matters.

TMT will work in 3 different countries. The growth of the project will determine the speed at which it expands.

TMT is currently in Argentina.  Their location is Ushuaia – Tierra del Fuego, the southernmost city in the world. 

The advantages in the price of energy, as well as the cold weather, makes Argentina one of the best places in the world to put a mining center. The value of energy in Tierra del Fuego, Argentina is one of the cheapest in the world. 

Project Roadmap

The first MTO was successfully completed on July 30th, 2021.

TMT will perform an audit to be assessed by one of the largest corporations in August 2021. Furthermore, in order to maintain the precise balance of $TMT and Mega Hashes, TMT will provide additional Mega Hashes for the 15% of $TMT that will go to liquidity. This money will be frozen for three months to ensure liquidity stability.

August 2021: Found funds will be used to develop their existing mining facility in Tierra del Fuego, Argentina, and begin mining for the first TMT coins! 

Towards the end of the year, a new mining center will be opening in Asunción, Paraguay. This will allow TMT to take advantage of the finest that diverse regions of the world have to offer while also minimizing risks by diversifying.

Because TMT will be able to give extensive Ethereum profitability on the market, they will need to grow their mining centers by the beginning of 2022. The team feels that the ideal area to do so is Oklahoma, USA. The team is already relocating their connections there in order to have everything set for the start of the year. This will help them to continue diversifying in order to save expenses and take use of the finest aspects of each location.

After being well-established and diverse in each nation, they will expand their service to be able to give all Bitcoin enthusiasts the greatest choice to mine securely while enjoying all of the benefits that TMT provides. 

Sustainability and Innovation Within the DeFi ecosystem. 

TMT is the first Decentralized Finance (DeFi) project with profits in ETH 100% backed with Proof of Work (PoW).

This is the main reason for the profitability of the ecosystem.

 $TMT is a mining-based token with a fixed supply designed for aggressive price appreciation and high sustainable yields.

Equipment – They analyze and monitor the market for mining equipment to buy the most profitable units available. They diversify the portfolio to limit the risk to a single type of machine, a single location and single hosting facility.

Electricity and Management Cost – TMT runs a very lean and clean operation with low power costs thanks to the fact that we are located in countries with the best electricity rates. Remote management functionality eliminates labor costs and a lot of outsourcing. Additionally, by 2025 they plan to be completely carbon neutral. This will minimize the cost of electricity and contributes to a cleaner environment

Availability – Due to reliable power supply and automated miner management, their mining centers achieve an uptime of over 99%.

All these conditions make TMT able to provide attractive returns for the investor. By investing in TMT you are investing in Ethereum mining, meaning users will not have to depend on the price of the $TMT so as to then sell it at a better price – but you will still earn thanks to the Ethereum you receive from mining!

All Ethereum rewards produced by the power of mining will be distributed in 3 different pools according to what your preference is:

Flex Pool: Perfect for those go are not sure about Ethereum mining business and prefer to earn a little less in exchange for having their tokens available all the time

30 Days Locked Pool: Perfect for those who are in the mining business for the medium-long term so they have no problem leaving their tokens in staking for longer periods.

TMT – BUSD LP Pool: Designed to reward those who want to add liquidity to the project and make it even more stable

Equation for the APR:APR=Rewards (USD)/Staked (USD)

Assuming the rewards are always the same, if the amount staked in a pool is reduced then the APR will be higher, and if the amount staked in the pool is higher, then the APR will be reduced.

 If rewards don’t change: Higher stakes –> Lower APR Lower stakes –> Higher APR. As the amount ($) staked depends on the price of the staked underlying asset ($TMT), if the price drops then the APR will be higher, and if the price goes up then the APR will decrease. If rewards doesn’t change: Higher price –> Lower APR Lower price –> Higher APR.

Variables in Profitability

The variables that exist when calculating the profitability of mining are:

Hashrate of the market: Affects the amount of Ethereum mined

Ethereum Price: Affects how profit is counted against fiat

Price at which you buy $TMT: This will determine the amount of time you need to recover the investment. Early investing will, of course, relate to a faster recovery time. This is why the MTO is the best opportunity to buy $TMT.

At all times remember: 1 $TMT = 1 MH (Mega Hash)

Tokenomics

 $TMT is a utility token. By holding $TMT you are part of our community and will be rewarded with the Ethereum earnings produced by the mining power.

TMT does not have inflationary pools like other tokens, the pools only generate ETH directly from our mining rigs. 

$TMT is only minted during MTOs (Mining Token Offerings ) where they accurately mint the exact amount of $TMT equivalent to the new amount of mining power (MHs) that can be purchased with the investment gathered in the MTO. Thus, not diluting the mining power a $TMT token holds, even after minting new tokens. 

Given $TMT equates to a specific and constant amount of mining power (MHs – Mega Hashes), every $TMT token in the same pool will always reward the same amount of Ethereum. As previously explained, this will not change even after multiple MTOs. TMT charges a fee of 10% from all mined Ethereum that will be used to cover the cost of installations, deposits, refrigeration machines, profits, marketing, and mainly the cost of electricity.

Why Buy During MTO? 

The MTO is the only time that new tokens will be issued since they’ll be increasing the mining capacity. 

The MTO is the best time to buy $TMT since this increases the number of Mega Hashes available and more Ethereum will be mined every day which will then be distributed proportionally among all holders. 

What If the MTO Doesn’t Raise 100%? 

We will simply buy less mining capacity, always proportional to the amount of $TMT sold in the MTO. 

Remember that always 1 $TMT = 1 MH. The rest of the $TMT not sold in the MTO will be burned to keep the exact ratio. There is no specific period of time that MTO will be held since it depends on when we have the necessary conditions to be able to expand Ethereum mining. 

We are also achieving partnerships with successful projects, auditing their project and expanding their mining capacity. 

When you see an ongoing MTO, we never know when the next will be available – so act fast.

To learn more about The Mining Token, visit the following links:

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Source : bsc.news