White Paper

ICO based on a real business

We release tokens based on a real business. It is not a virtual investment bubble, which may or may not work. We build real mining-farms which will physically exist in a concrete place.

By buying TerraMiner (TRM) tokens, you will own the power of the equipment that brings money and the currency that is constantly growing.

What problem do we solve

It's getting more difficult to get into profitable mining at these times. The equipment is getting more expensive, and it is almost impossible to get it at a reasonable cost. The launch of a small farm can take up to $10,000. Meanwhile, the recoupment time of mining increases every month, and presently it is at least 10 months*. Along with purchasing the mining equipment, you will face a number of problems:

  • High generation and discharge of heat;
  • A lot of noise;
  • Rent;
  • High cost electricity bills;
  • Warranty and service problems;
  • 24/7 Equipment monitoring.

We are offering an opportunity to earn money off of mining without ever having to leave your couch, investments starting from 0.01 ethers ($ 2.8). At the stages of the ICO, you can purchase TRM tokens and get the bonus up to 70%, which will allow you to quickly recoup the investments. All income from the mining we share with you 50/50.

We take the responsibility for technical process: equipment installation costs, service provision, and issues regarding the warranty and service.

* The payoff is specified according to current rates of cryptocurrencies and network complexity.

TerraMiner mining farm

Algorithm. The mining will be based on Scrypt.Chips. Our ASIC miners will feature INNOSILICON Technology LTD A4+ chips, one of the most productive and efficient chips on the market at the moment. ASIC LTC Miner INNOSILICON A4+ is now being assembled using these chips.

Cooling. Immersion cooling will be used to achieve up to 4 Mh/s hashrate per miner, and allows us to get 60–80% higher results than conventional methods such as air cooling . Which is why we don’t utilize ready made solutions ASIC INNOSILICON A4+ and ASIC Antiminer L3+.

Motherboards. We have signed an agreement with the J&W IPC Technology Development Ltd on the production of PCI-E motherboards for chips, assembly and testing of our mining equipment. They have all accessories and production capacity for producing our ASIC miners. Specifications. Every ASIC miner will be assembled on 2 motherboards with 8 PCI ports with a 1600 W power supply unit. The motherboards will be set up with boards with chips, and control processor boards, memory and plug in ports. The motherboards will be installed into open bodies with no fans. Each ASIC miner will have the power of 1 Gh/s.

Mining and income distribution. The mining will be carried out on the NiceHash service. This service gives the highest PROFIT for mining on Scrypt algorithm by this moment. The service pays out an income in BTC. The income will be transferred to a smart contract and distributed among TRM token holders once a day.

ASIC miner sample will be presented in early October, 2017

Experience and Expertise

We already own a farm built with GPU cards where Altcoins are mined, with their rate growing each month. Our current farm consumes 120 kW/h in power.

Upon launching our first farm we have decided to factor in our previous mistakes and use our experience to launch a farm with minimal equipment bare cost and better payoff/recoupment period, which helps us attract investors.

For this purpose, we have taken into account the following criteria:

  • Cheap electricity
  • Most productive chips and most advanced parts
  • Equipment assembled from Chinese parts on Chinese factories
  • Advanced cooling technology (which means maximum power with minimum energy spent).
  • The equipment is located near the parts’ manufacturer

Favourable farms location

Our mining farm will be located in Shaoguan, China (free economic zone).

  • Electricity cost is one of the cheapest in the world: 1 kW/h = $0.05, along with cool climate, which will minimize the cooling costs.
  • The equipment is manufactured in China, same place where our farms will be, so the equipment delivery costs are minimal.
  • Prompt maintenance and warranty service.
  • Cheap long-term lease of production facilities.
  • Low-cost labor.

Low expenditure means fast recoupment and good profit.

TerraMiner Token

1 TerraMiner (TRM) = 1 Megahash per second (Mh/s) of mining farm power.

Token price formation:

  • The PRE-ICO token price is 1 TRM = $2.8: the cost price of component parts and the assembly of the first ASIC miners’ batch.
  • The ICO token price is 1 TRM = $5: the cost price of component parts and the assembly of the second ASIC miners’ batch, the rental fees, the premise preparation costs, the cost of installment and launch of equipment.
  • The POST-ICO token price is 1 TRM = $8.4: the sale cost for the ready capacity

Token Income:

1 TRM = 1 mh/s of mining equipment power.

The profit is shared 50/50

After the project launch, TerraMiner (TRM) tokens will be placed on cryptocurrency exchange. Every month 10% of founders’ profit will go to buy out TRM tokens in order to provide a possibility for token owners to exit the mining if desired, as well as to create deficit and increase TRM rate.

We take on all production and energy consumption costs.

* The payoff is specified according to current rates of cryptocurrencies and network complexity.

Why do we use Scrypt algorithm

“What about other currencies?” you might wonder.

Utilization of Scrypt ensures that our equipment provides the fastest payoff. Daily payments in cryptocurrency allow the token owners to exchange it to whatever cryptocurrency they are interested in and keep it with growth prospects or turn into phiatic money.

Reliability of the project

  • Our TerraMiner tokens are backed with real mining equipment.
  • You are welcome to visit our farm and see preparations in October 2017 to be sure of our intentions.
  • We have signed agreements on supply and production of equipment (see Documents section).

The contract between STIGL LTD and INNOSILICON Technology LTD. We conclude a contract for the pledge of mining equipment for tokens buying more than $10,000.

TerraMiner еarning cycle

Token purchase

Miner

Joining the farm

Mining

Token redemption

Your
profit

Profit
distribution

Farm maintenance expenses. TerraMiner profit

Your
profit

Token
redemption

Farm maintenance expenses. TerraMiner profit

Profit
distribution

We will place orders for tokens redemption, for 10% of our profit, at a price of $ 8.4 on the Etherdelta exchange, after the project is launched. You will not get a profit from mining after selling the tokens.

Company details

Project roadmap

It takes two months from the first investment to the first profit

Internal financing

July-August 2017

Development of technical specifications/documentation.

Signing of a microchips purchase agreement with Innosilicon.

Signing of a production, assembly and testing agreement with J&W for mining hardware.

PRE-ICO

September 2017

Purchase of INNOSILICON A4 + chips for the first batch.

Placing of a contract for production of the first batch of hardware.

ICO
40% Discount

October 2017

Preparing the premises for mining hardware installation.

Purchase of INNOSILICON A4 + chips for the second batch.

Placing of a contract for production of the second batch of hardware.

POST ICO

November 2017

Getting the premises ready for mining hardware installation.

First batch hardware installation.

Mining operations launch (begin currency extraction).

Second batch launch

December 2017

Second batch hardware installation.

TRM public offering.

Tokens become redeemable.

Third batch launch

January 2018

Third batch hardware installation.

Next ICO is already planned to increase the farm's power by 3 Th/s.

This will double the farm's power.


Development of technical specifications/documentation.

Signing of a microchips purchase agreement with Innosilicon.

Signing of a production, assembly and testing agreement with J&W for mining hardware.

Purchase of INNOSILICON A4 + chips for the first batch.

Placing of a contract for production of the first batch of hardware.

Preparing the premises for mining hardware installation.

Purchase of INNOSILICON A4 + chips for the second batch.

Placing of a contract for production of the second batch of hardware.

Getting the premises ready for mining hardware installation.

First batch hardware installation.

Mining operations launch (begin currency extraction).

Second batch hardware installation.

TRM public offering.

Tokens become redeemable.

Third batch hardware installation.

Next ICO is already planned to increase the farm's power by 3 Th/s.

This will double the farm's power.

About us

Pavel Kuznetsov

Founder/CEO

A mathematician, mining and investments expert, previously a research fellow for the first joint Russian-German computer manufacturing venture
Software developer
Owns a mining farm worth over $300,000

Ruslan Sharamet

Engineer, software-developer

An expert on mining hardware and its fine tuning, Ruslan has broad experience in building rigs based on GPUs and latest generation ASICs alike.
Has successfully raised mining farms' computing power by up to +20% (through overclocking), has worked for Dave Carlson and various Chinese mining farms.
Cooperated with INNOSILICON Technology LTD experts.

Igor Koyda

Chief hardware programmer

A skilled programmer, Igor is one of the developers behind mining software that allows setting up mining pools.
Has a wide experience in software and circuit boards development, participated in developing mining pool software so widely used today.

Stanislav Shamenko

IT specialist, programmer

An IT and applied mathematics expert, programmer with years of experience.
Stanislav has authored numerous analytical programs used today by leading Russian enterprises in their commercial estimations.
Has cooperated as a developer and IT consultant with several cryptocurrency projects from the US and China.

Ivan Melikhov

Marketing communications

A blockchain enthusiast and skilled cryptoinvestor, Ivan has investment experience in ICO projects worldwide.
An expert on foreign trade and international relations, has connections with cryptocommunity figures worldwide.

Denis Novakovskiy

Chief of marketing

A marketing expert with broad work experience.
A business coach, author of market promotion strategies in cryptocurrency projects, has experience leading and managing education projects.
In three years he increased his projects' audience by more than 1,000,000 subscribers.

Advisors

Mikhail Gireev

SΛMSUNG

System Administrator
Samsung Electronics Benelux B.V.

Investing in mining at this point in time is the most profitable business, since cryptocurrencies' value is growing every day.
I am convinced, Terraminer is a promising project, and if the company continues to stay on its target, we'll see some impressive results.

Alexander Bakholdin

«Otkritie» Bank

Head of Internal Audit Service
Ph.D. in Economics

Cryptocurrency networks hashrate has been soaring lately, making solo miners crumble under growing competition. I can see how TerraMiner project, having managed to secure great hardware deals and settled in a region with cheap electricity, will become highly profitable in the nearest future.

Victoria Lebedeva

Sobinbank JSC

Chief Operating Officer

TerraMiner project plans to take advantage of cheap electricity in Shaoguan, use high-grade hardware, and most importantly, rely on the expertise of a seasoned team of professionals. The income generation process laid out in Whitepaper makes perfect sense to me.

Maxim Kasymov

Chairman of the Moscow Special Bar Association
Member of the Presidential Expert Council

TerraMiner project provides an opportunity to make high-yield investments. The guarantees and risks are outlined in the ‘public offer’ section. There are no tricks, hidden conditions and ambiguous wording. Anyone can get acquainted with the information and make a balanced decision.

STG

Major system integrator
Proud partner of leading IT companies and hardware manufacturers

STG provided tech consulting to TerraMiner on building computing systems.
skytg.ru

Jamall Dzaurov

Head of Corporate Legal Administration at
"TeploEnergoRemont" LLC

Mining no longer belongs to an exclusive club. Collective farms such as TerraMiner make it accessible with minimal investment. All the neccessary information is freely available. All the conditions are on paper, and it's up to the investor to decide if it's worth it.

Where to begin

It is simple. You transfer Ethereum to a wallet. At the end of PRE-ICO you will get a token. After the launch of the project the profit will go to this wallet.

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