FAQS
Useful Info
•BTC ENERGY CONSUMPTION HAS A LARGE CARBON FOOTPRINT, WON’T GMINE BE CONTRIBUTING TO THE PROBLEM?
•GMine will use sustainable energy solutions to power the pods and miners we are working with several energy providers to directly take wind and solar energy at the location in which they are being produced.
•GMine plans to use behind the meter power at power plants with an excess of power that is currently being limited into the grid.
•During energy consumption crisis’s GMine would be able to “shut-in” mining production to reduce power use significantly with little effect on economics for Gmine
•WHEN IS THE NEXT HALVING AND WHAT DOES IT MEAN FOR MINING?
•2024 – Halving to 3.125 BTC every 10 minutes
•Halving's occur roughly every four years. The mining rewards are reduced by half. The halving's have been designed to occur in order to keep the BTC value up by reducing the number of newly minted BTC released into the market. This structure allows the BTC price to consistently rise by decreasing possible daily mined profitability.
WHAT IF THE CRYPTO MARKET BUBBLE BURSTS?
•Due to very low power price GMine would remain economic after many other Crypto Miners allowing for increased mining production due to difficulty drop.
•During a bear run or a downturn GMine plans to purchase additional infrastructure at a discount in order to allow increased production for the following bull run.