Topic: [ANN] SummitMining.io - The first COMMUNITY crypto mining service (Read 111 times)

Hi dear crypto community, I am Matt, the founder of Summit Mining.

Summit Mining is now 15 month old (with 121 clients) and I am really pleased to introduce you today our VERY UNUSUAL cryptocurrency mining service.

First of all, Summit Mining is NOT A CLOUD MINING SERVICE.

Summit Mining is the first cryptocurrency mining service TRULY built around the concept of COMMUNITY. Why? Because the more we are, the more we can negotiate deals with our suppliers, and it benefits YOU. Not only us! That makes all the difference.

We mutualise the machines of our clients (so they still belong to THEM) and run them.

Take a look at the “Investment concept” section below to fully understand how we work.



HOW IT ALL STARTED

I have been a trader for 16 years, including 7 for a bank on an FX desk in Dublin, Ireland. I always liked investing, beyond stocks and financial markets. I own some real estate and after trading cryptos for a while, I decided to start mining to get passive incomes. Not as passive as expected, but it was profitable at least. I bought more and more machines, locating them in Russia, and then in China.

One year ago, a friend asked me to buy some machines for him and to manage them on his behalf. I had 220 at that time, so I agreed. Few more friends asked me the same things, and I decided to gather a team and start Summit Mining as a service for people who want:
- to diversify their investments.
- to invest in cryptos but are afraid to get scammed.
- to mine profitably, since it is not possible to do so in Europe.



THE SERVICE

Company data
- Location: Dublin, Ireland.
- Contracts? YES.
- Service existence: 15 months.
- Core team: 3 members.
- Fully bootstrapped company.

Investment concept
Originally, we were buying machines that we directly belonging to our clients. So, with €10,000 investment some clients would get 10 machines at €1,000 each (it’s just an example) but as price of equipment moves, few month later another client would only get 8 machines because the prices would be higher. This was UNFAIR.

We decided to change that and to MUTUALISE all machines. Machines still BELONG to the investor (unlike cloud mining). The benefits for the client, compared with the previous investment model are the following;
- You do not need to support all costs when a machine breaks.
- If a machine breaks, all other machines in the mining park run for you.
- You do not have to think when to sell or renew your machines.
- You do not lose your initial investment (unlike Cloud Mining).
- You automatically benefit from all new machine release.

Overview
- Mined coins: Bitcoin, Dash, Litecoin, Zcash.
- Current number of mining machines: 1,359.
- Electricity price: $0.06 / kW (includes the price we pay for space rental, monitoring, on-site security, dusting, etc.).
- Number of locations: 7 sites across China (5) and Russia (2). We are dealing with 2 other countries to expand our activities abroad in order to lower the risks even more.
- 121 clients in 9 different countries (82% from France).

Orders
- We only order machines with our suppliers once per month, around the 8th. That way, we can negotiate better prices that will benefit the whole community. If you miss the date, we will order again on the following month.
- Machines are generally installed about 2 weeks after the order is placed. That is when you actually start mining.

Your investment
- Minimum investment: €2,000.
- Maximum investment: €100,000.
- After investing, you own a stake in the mining park that we manage. This stake can increase / decrease in value as the price of machines within the park are going up / down over time.
- If you want to leave the service, we will assess the value of your participation and pay you back accordingly.
- Our management fees is 15% on the NET mined by the client (which incentivises us to really do our best).
- We do not guarantee any ROI but our ROI are historically high, even during crypto crashes (see section below).

Reports and payments
- Mining reports are sent once per month (on the 1st).
- Payments are made in crypto once per month (on the 5th).
- €266,000 worth of cryptocurrencies mined to date.
- Highest month ROI: 32.46% (June 2019).
- Lowest month ROI: 1.09% (December 2019).
Note: If you do not have any wallet, we offer a complimentary wallet creation service and take time to explain the differences between all types of wallets.

Risks associated with investing with us
- Geopolitical risk: we are in different countries, to lower this risk.
- Hardware: the machines are well maintained; in case of incident on a site, we have more site running in parallel.
- Market risk: price of cryptos are sometimes mad. However, when prices drop, we are able to buy machines at cheaper rates, and that benefit our community.

Referral program
We have a program in place but you must know that the referral fees we pay are not very high. Indeed, we are investing into machines all funds that our clients send us. Thus, we do not have high margins to pay high fees.
Anyway, by experience, only our clients are able to refer our services to their friends, and we are happy like this.



THE TEAM

Mathieu Vincent, Founder and CEO
Mathieu is a conference speaker with an extensive background in Finance and 16 years Trading, including 7 years for banks. Then, he naturally switched to cryptocurrencies and started to mine for himself.
Two years later, owning 220 mining machines, he decided to follow the Satoshi Nakamoto (Bitcoin creator) vision which is to make profitable mining available to anyone and not only to a limited number of rich people.

Tatiana Yakim, Business Manager
Tatiana worked for several logistics companies in Europe and Russia. Now, she is in charge of finding the best deals for the mining machines we purchase and she also builds new partnerships in China, Russia, Armenia and Kazakhstan.
Her experience in logistics helps us to make sure that the equipment is delivered and installed in a timely manner.

Mehdi Taleb, Customer Care Manager
Mehdi is in charge of making sure that clients receive the answers to their questions in a timely manner.
He is also in charge of setting up clients account when a clients joins the Summit Mining adventure. Have a question? Reach out to us!



LINKS

Instagram: https://www.instagram.com/summitmining/
Facebook: https://www.facebook.com/summitmining/
Twitter: https://twitter.com/summit_mining
LinkedIn: https://www.linkedin.com/company/14867777/
Telegram French group: https://t.me/SummitMiningFR
Telegram English group: https://t.me/SummitMiningEN
Google Business: https://g.page/SummitMining
Email: [email protected]
Website: www.summitmining.io


FEW PHOTOS

https://i.imgur.com/gH5KPuI.pnghttps://i.imgur.com/zbsEqCt.pnghttps://i.imgur.com/MBTUO4A.pnghttps://i.imgur.com/AnGP0Vf.pnghttps://i.imgur.com/ItYN2cQ.png