MaxiMine owns more than 20 patents related to crypto-asset mining, including the BTC-BOX, which is a mining rig built inside a shipping container.
Hua Cai, who has been starting mining farms in northern China since 2013, is the founder and current CTO of MaxiMine. The mechanisms, fees, and processes of the platform are transparent and open for anyone to participate in. The physical mining farms do the work of mining for different crypto assets like Bitcoin, and the system of smart contracts distributes the mining rewards to MaxiMine (MXM) token holders.īy having their reward-distribution platform on a public blockchain like Ethereum, MaxiMine can offer transparency and openness in a way that centralized cloud-mining platforms cannot. MaxiMine is a mining-pool platform that comprises of physical mining farms set up in locations throughout the world and a smart-contract system built on Ethereum. Setting up your own mining operations means having a high level of technical expertise and spending a large amount of money just to start up. Investing in a cloud-mining service essentially means trusting a centralized mining-farm operator to not only do the physical mining for you, but also to treat you honestly and fairly. There are currently two main methods for people to get into crypto-asset mining: pay for a cloud-mining service or set up your own mining rig and join a mining pool. By combining staking, smart contracts, and its own token, MaxiMine has created a “cloud mining pool” system that is as transparent and open as the blockchain itself. MaxiMine offers an easy, blockchain-based method of distributing mining rewards.
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