eGold Mining: A Cryptocurrency That Incentivizes Token Holders Through Mining Dividends

BRIEF HISTORY ABOUT CRYPTO-CURRENCY MINING

Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. Also known as cryptocoin mining, altcoin mining, or Bitcoin mining (for the most popular form of cryptocurrency, Bitcoin), cryptocurrency mining has increased both as a topic and activity as cryptocurrency usage itself has grown exponentially in the last few years.

Each time a cryptocurrency transaction is made, a cryptocurrency miner is responsible for ensuring the authenticity of information and updating the blockchain with the transaction. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions that are associated with a block containing the transaction data.

EGOLD mining is here to reduce the monopolistic competition among various crypto-currency platforms WITH MOUTH WATERING INCENTIVES FOR TOKEN HOLDERS THROUGH CRYPTO MINING DIVIDENDS

ABOUT EGOLD MINING

eGold Mining USA based company that specializes in cryptocurrency mining services. eGold Mining was founded by Dr. Mohammad A Khan in New Jersey. The platform is managed by a team of highly skilled entrepreneurs with quality experience to manage such an operation. eGold Mining (eGM) will be building and maintaining large-scale cryptocurrency mining farms in South Dakota, USA. With the industrial electric prices quoted 4.5c/kWh, cool temperatures throughout the year, and lack of state corporate taxes, South Dakota is a prime location for a large-scale cryptocurrency mining operation.

The Mission

eGM's mission is to become the largest and most trustworthy dividend paying cryptocurrency mining operation in the world. The eGM team is dedicated to maximizing dividends for all token holders.

The Cryptocurrencies That Will Be Mined

eGold Mining will be mining a host of different cryptocurrencies based on profitability at the given time. eGM will be using ASIC-based, GPU-based, and FPGA-based hardware to mine these cryptocurrencies. A few cryptocurrencies we will mine are BTC, ETH, LTC, ETC, DASH, ZEC, etc. Expansion programs will be done monthly to increase the number of hardware to mine more crypotocurrencies. The goal is to maximize short-term and long-term profits.

EGOLD MINING PLATFORM FEATURES AND BENEFITS

Profit Sharing
50% of the net profit is shared with token holders every month, six months, and year depending on accumulated G-points and the length of time the eGM tokens were held. Payouts will be in ETH via smart contracts.

Legality
eGM is taking proper steps to comply with all security laws set by the United States government. The goal is to be the first US-based profit sharing company in the mining industry. eGM plans to operate legally under South Dakota, USA jurisdiction.

Trust
Being a registered company in the United States allows for security of investment compared to similar companies around the world. eGold Mining’s official business entity registration can be found here.

Cheap Electricity Rates
The electricity costs for eGold Mining is under 4.5 cents per kWh with all additional cost factors included. eGM has the cheapest electrical costs of all profit-sharing mining companies.

G-points
Opposed to traditional profit sharing methods, eGM rewards investors through a point system referred to as ‘G-point’. The G-point system is there to reward long-term token holders the most.

No Contracts
Unlike Cloud Mining, eGM does not require the purchase of contracts or hash power to receive mining profits. Profits are shared by simply holding eGM tokens and accumulating G-points.

FUNCTIONALITIES

You only need to buy eGM tokens and store them in your personal ERC20 wallet (we recommend Metamask). By holding this token, you can accumulate G-points every day. You compete with others to see who can collect the most G points and get the biggest share of profits! Learn how G-points are calculated here.

eGM greatly incentivizes long term token holders as the longer they hold, the higher profit share they receive. This is made possible by the payout structure below.

Short Term Holders
Dividends paid every month
G-points reset every month
25% profit share
Must hold tokens for full month to receive profit share
Long Term Holders
Dividends paid every six months
G-points reset every six months
15% profit share
Must hold tokens for at least three months to receive profit share
Elite Holders
Dividends paid every year
G-points never reset
10% profit share
Must hold tokens for at least six months to receive profit share

About The eGM Token

TOKEN DISTRIBUTION
Soft Cap 1 = $8m
Soft Cap 2 = $12m
Soft Cap 3 = $20m

Hard Cap = $50m

Calculations are based on 8/02/2018 mining difficulty (subject to change)
Calculations are based on Soft Cap 2
Energy rates ~ 4.5c/kWh
Energy costs are subject to change based on the market for Natural Gas
Energy rate will range between 4c-4.5c/kWh

FOR MORE INFO ON THIS PROSPECTIVE PROJECT VISIT THE LINKS BELOW:

WEBSITE: https://www.egoldmining.com/
WHITEPAPER:https://docs.google.com/document/d/1TIyvneKZPFo1bR8mRN3Qto7Nc3oivCARzAh_lpi9kBc/edit?usp=sharing
FACEBOOK: https://www.facebook.com/eGoldMining/
TWITTER: https://twitter.com/eGoldMining
TELEGRAM: http://www.telegram.me/eGoldMining
LINKEDIN: https://www.linkedin.com/company/egoldmining/
YOUTUBE: https://www.youtube.com/channel/UCuNvJ8V4JmujedPXTtsCMdA

AUTHOR: pype1242
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2129196