All You Need to Know About Miners DeFi

Miners DeFi ($MINERS) debuted on Pancakeswap’s decentralized exchange (DEX) on September 24, 2021, and is now available on the Binance Smart Chain.

Miners DeFi hit an all-time record of $5.5 million shortly after its launch, with over 1,900 holders.

Junior Theomou, Founder and CEO of Miners DeFi, stated, “We founded the collective to demonstrate the world that viable crypto mining is possible.”

He further explained that “Instead of condemning mining methods, they’re developing alternatives that make use of environmentally acceptable approaches and our goal is to build a movement and a brighter future for cryptocurrency while also allowing holders to profit from the power of long-term mining.”

Miners DeFi is a cryptocurrency utility token that powers the world’s first algorithmic decentralized collective enabling hydropower-powered, 100percent clean renewable energy Bitcoin mining.

Miners DeFi tokenomics provide an instant income stream while also letting holders to participate in a long-term project that will pave the path for long-term crypto mining.

Transaction fees are used by the cooperative to sustain the ecosystem and ensure long-term growth. This encourages holders to buy and keep their currency.

Miners DeFi levies a 4% processing fee, which is paid in BTCB (Binance-Pegged Bitcoin). A further 4% is utilized to buy hydro-powered processing rigs to mine Bitcoin on the community’s behalf.

All profits from mining will then be used to acquire Miners DeFi coins, which are ultimately burned. This raises the token’s value while also acting as a deflationary measure by reducing the supply.

Miners DeFi has conducted two burns bringing the total to $10,000 USD since its start, with a third burn of $5,000 USD planned for this month.

Miners DeFi has acquired 11 miners totaling over $112,000 USD since its debut. The mining rigs are stored in Angara River, Siberia, collaborative effort with Cyberian Mine.

The mines are 100% pumped storage and take advantage of Siberia’s cooling. Cyberian is in charge of the miners and offers real-time data in order to show the most up-to-date mining statistics.

The hashpower of numerous mining devices is combined to generate earnings for the group. The cost of hosting the computers is a modest percentage of the purchase price (1.5%), giving the cooperative and crypto enthusiasts a profit.

The computers produce revenue for all holders by applying hashrate power to mathematics and mining new Bitcoins to be added to the world’s economic system’s supply. Miners DeFi has a hashrate of 773 TH/s at the moment.

Miners DeFi set out to create something more than a platform to make Bitcoin mining more affordable. It’s spawning a community and ecosystem of committed crypto miners that want to help make the crypto future green.

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