Topic: [ANN]⛏ZMINE TOKEN (ZMN) exchange to graphic card and let us rent them for mining - page 2. (Read 16176 times)

ZMN⇌BTC Report
Round 2: 16 Jan 2021 - 15 Feb 2021
.
Previous round: 9.64332108 BTC
Incoming: 1.71031171 BTC
Transfer fee: −0.0005 BTC
Updated ZMN⇌BTC balance: 11.35313279 BTC
.
Total redeemed: 0.78599658 BTC
Total returned: 0.00123321 BTC
BTC Available to redeem: 10.56836942 BTC
.
ZMN Circulate Supply: 147,325,823.77 ZMN
Active ZMN collateral: 11,830,000 ZMN
.
Today ZMN Token have been burned: 343,000 ZMN From
- This Round Redeemed Fee: 153,000 ZMN
- Expired ZMN Collateral: 190,000.00 ZMN
.
ZMN Available to redeem: 135,152,823.77 ZMN
.
Updated Intrinsic value of 10,000 ZMN: 78,195.70 satoshi (+18.84% MoM)
.
Security Remarks
Since the cryptocurrency market leaps growth recently, many crypto-project have been attacked and lose some or all of it fund.  For ZMINE, We will do our best to protect customer funds. However, if the attack actually happened, We may not be able to compensate for all damage. So we encourage every user to redeem or withdraw your funds of every crypto-project to your own wallet and make sure that only you can have access to those private keys. The well-known saying phase like "Not your keys, not your coins" still very useful in the cryptocurrency-verse

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 January 2021
Mining Profit: 1.36593370 BTC 
.
16-31 January 2021
Mining Profit: 1.48457801 BTC 
.
Total Profit: 2.85051171 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 1.1402 BTC
This amount of reward will be distributed on 20, 28 Feb and 4, 12 Mar 2021
.
Send to ZMNBTCFUND: 60%
Amount: 1.71031171 BTC
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GPU Portal Report
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GPU Redeemed in January, 2021
- RX470 (Not pass for mining) x1
- RX580 (Not pass for mining) x10
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Total Redeemed: 75,312 ZMN
This amount of ZMN token will be kept for the burn on Mar 16, 2021
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ZMNBTCFUND Report
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BTC Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 9.64332108
Upcoming Amount: 1.71031171 BTC
Estimate Updated Amount: ~11.35 BTC
This fund will be increased on the 16th of every month.

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE.com Upcoming Change Annoucement
Due to huge success in De-Fi application in cryptocurrency world, users from all over the world can join decentrailized applications by just connect to his/her crypto-wallet. Each users are identified by their public coin addresses and no registration or sign up required anymore. As we wished to expand ZMN market to the global market, we have decided that following changes will be made

- ZMNBTCFUND will rebrand to ZMN⇌BTC
- ZMN Token will mainly focus on ZMN⇌BTC system
- Masterqueue reward will gradually decrease and move all reward to ZMN⇌BTC
 > Feb, 2021 Mining Profit: Send to ZMNBTCFUND: 60% MasterQueue Reward: 40%
 > Mar, 2021 Mining Profit: Send to ZMNBTCFUND: 70% MasterQueue Reward: 30%
 > Apr, 2021 Mining Profit: Send to ZMNBTCFUND: 80% MasterQueue Reward: 20%
 > May, 2021 Mining Profit: Send to ZMNBTCFUND: 90% MasterQueue Reward: 10%
 > Jun, 2021 and onward Mining Profit: Send to ZMNBTCFUND: 100% MasterQueue Reward: 0% 
- Websites with the new system will launch on 17 July 2021
- Anyone can connect his crypto-wallet directly to zmine.com and use ZMN⇌BTC immediately with The new system
- On 1 July 2021, following event will occurs
 > Current ZMN⇌BTC Redeem system will turn off acceptance of new orders
 > New member registration and GPU Portal will suspend
 > Balance system will stop accept new deposit transaction
- Existing users can still login to withdraw ZMN, BTC and can return redeemed BTC from the old ZMN⇌BTC system normally for at least 12 months


#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

“We’ve had a bad time, but we’ve passed that time”

It was a pleasure interviewing with you.

https://www.channelnewsasia.com/news/climatechange/bitcoin-thailand-power-energy-carbon-emissions-13945864

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report

BTCFUND Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 8.47528675 BTC
Incoming Amount: 1.21166826 BTC
Transfer Fee: −0.0005 BTC
Updated Balance: 9.68645501 BTC
Redeemed BTC: 0.04313393 BTC
Returned BTC: 0.0 BTC
Available to redeem: 9.64332108 BTC

ZMN Circulate Supply: 147,336,647.77 ZMN
Active ZMN Collateral: 750,000 ZMN
Expired ZMN Collateral: 0.00 ZMN
Redeemed Fee: 28,000 ZMN
Total ZMN to be burned on 16th next month: 28,000 ZMN

Updated Intrinsic value of 10,000 ZMN: 65,798.29 satoshi

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 December 2020
Mining Profit: 1.00152061 BTC
.
16-31 December 2020
Mining Profit: 1.01784765 BTC
.
Total Profit: 2.01936826 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 0.8077 BTC
This amount of reward will be distributed on 20, 28 Jan and 4, 12 Feb 2021
.
Send to ZMNBTCFUND: 60%
Amount: 1.21166826 BTC
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GPU Portal Report
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GPU Redeemed in December, 2020
- RX460/560 x1
- GTX1060 3GB x1
- GTX1050ti x1
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Total Redeemed: 10,822 ZMN
This amount of ZMN token will be kept for the burn on Feb 1, 2021
.
ZMNBTCFUND Report
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BTC Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 8.47528675 BTC
Upcoming Amount: 1.21166826 BTC
Estimate Updated Amount: ~9.68 BTC
This fund will be increased on the 16th of every month.
.
Notes :
- As mining profit is back to the efficacios zone, we will reintroduce the GPU rental back in new business unit soon with much more easy and simplified concept. Stay tuned.
.
#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Redeem Quickstart Guide
- You can enter ZMN redeem page on zmine.com/btcfund
- You must create masterqueue before start redeem process
- Every masterqueue you created can use as collateral and start redeeming for BTC
- You can select a redeem period between 1, 3 or 12months
- Redeem fees now are fixed at 6% per year. Fees are calculated and paid via ZMN token
- Redeem fee will deduct the full amount from your ZMN balance immediately after contact created completed
- Please make sure that you remember your due date, return BTC address and return your redeemed BTC before that time, Otherwise your masterqueue collateral will be seized for burn
- After contact created you will get BTC on your balance and can be withdrawn to your chosen BTC address as before
- To make sure that everything will be going well, we will pause the redeemable system 24 hours from now for Q&A and every transaction in the first week will get manual approved. So in the earliest stage of the redemption  process may take 48-72 hours before completing

Notes
- Please make sure that you have sufficient ZMN balance to pay the fee before start create contact.
- Livecoin.net seem to be hacked, Please stop using all services from their website immediately
- In the meantime, you can buy sell, or add liquidity of ZMN token on uniswap.org via the link below

Uniswap ZMN-USDT Pair
https://app.uniswap.org/#/swap?inputCurrency=0x554ffc77f4251a9fb3c0e3590a6a205f8d4e067d&outputCurrency=0xdac17f958d2ee523a2206206994597c13d831ec7

Uniswap ZMN-ETH Pair
https://app.uniswap.org/#/swap?inputCurrency=0x554ffc77f4251a9fb3c0e3590a6a205f8d4e067d&outputCurrency=ETH

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report
Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 7.21936059 BTC
Incoming Amount: 1.25642616 BTC
Transfer Fee: −0.0005 BTC
Updated Balance: 8.47528675 BTC

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 November 2020
Mining Profit: 0.70275965 BTC
.
16-30 November 2020
Mining Profit: 1.01649830 BTC
.
Total Profit: 1.71925795 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 0.6877 BTC
This amount of reward will be distributed on 20/12, 28/12, 04/01, 12/01
.
Send to ZMNBTCFUND: 60%
Amount: 1.03155795 BTC
.
Hardware Sales Report
- CPU+Ram+Mainboard+PSU x30
- Additional PSU x11
Amount: 0.22486821 BTC
(100% amount of hardware sales will add to ZMNBTCFUND)
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GPU Portal Report
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No ZMN Redeemed for GPU in November 2020
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ZMNBTCFUND Report
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BTC Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 7.21936059 BTC
Upcoming Amount: 1.25642616 BTC
Estimate Updated Amount: ~8.475 BTC
This fund will be increased on the 16th of every month.
.
Notes :
- ZMNBTCFUND system will open to redeem BTC with ZMN on 28th December 2020 at 15:00 GMT (22:00 in Thailand)
- We expect that each 1,000,000ZMN should have the ability to borrow around ~0.05 BTC after the system launched
.
#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report
Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 6.20253258 BTC
Incoming Amount: 1.01722801 BTC
Transfer Fee: −0.0004 BTC
Updated Balance: 7.21936059 BTC

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 October 2020
Mining Profit: 0.89801479 BTC
.
16-31 October 2020
Mining Profit: 0.79736522 BTC
.
Total Profit: 1.69538001 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 0.678152 BTC
This amount of reward will be distributed on 20/11, 28/11, 04/12, 12/12
.
Send to ZMNBTCFUND: 60%
Amount: 1.01722801 BTC
.
ZMNBTCFUND Report
.
BTC Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 6.20253258 BTC
Upcoming Amount: 1.01722801 BTC
Estimate Updated Amount: ~7.219 BTC
This fund will be increased on the 16th of every month.
.
GPU Portal Report
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No ZMN Redeemed for GPU in October 2020
.
Notes :
- ZMNBTCFUND will open to redeem BTC with ZMN in next month. Stay tuned for more details soon.
.
#ZMN #Cryptocurrency

____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report
Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 3.25302398 BTC
Incoming Amount: 2.9499086 BTC
Transfer Fee: −0.0004 BTC
Updated Balance: 6.20253258 BTC

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 September 2020
Mining Profit: 2.90917037 BTC
.
16-30 September 2020
Mining Profit: 2.00733049 BTC
.
Total Profit: 4.91650086 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 1.9666 BTC
This amount of reward will be distributed on 20/10, 28/10, 04/11, 12/11
.
Send to ZMNBTCFUND: 60%
Amount: 2.9499086 BTC
.
ZMNBTCFUND Report
.
BTC Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 3.25302398 BTC
Upcoming Amount: 2.9499086 BTC
Estimate Updated Amount: ~6.20 BTC
This fund will be increased on the 16th of every month.
.
GPU Portal Report
.
No ZMN Redeemed for GPU in September 2020
.
Notes :
- MasterQueue Rewards for September, 2020 are also the highest one. If you have MasterQueue LV10 of 1,000,000 ZMN you may get around ~0.0177BTC after four times rewards distributed

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

The ZMN token from GPU Redeemed totally 13,507,891 ZMN has been burned successfully.
For more details please see in the transaction: https://etherscan.io/tx/0x65c6c464931914972b335fb92306696b9fff7dc75a9dc682236eea46d771903e

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report
Address: 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr
Past Amount: 1.10481369 BTC
Incoming Amount: 2.14861029 BTC
Transfer Fee: −0.0004 BTC
Updated Balance: 3.25302398 BTC

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMNBTCFUND Report

Today we have established ZMNBTCFUND on 1ZMNBTCfv9dxLNsrdsvrW6aWCBh36MSKr BTC Address with details below.

Initial Amount: 1.10567627 BTC
Transfer Fee: −0.00086258 BTC
Updated Balance: 1.10481369 BTC

This fund will be increased on 16th of every  month. We have also updated a summary stats on our website. You can check at zmine.com anytime.

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Summary
.
01-15 July 2020
Mining Profit: 0.19248469 BTC
.
16-31 July 2020
Mining Profit: 0.70869364 BTC
.
Total Profit: 0.90117833 BTC
.
Keep for MasterQueue Reward: 40%
Amount: 0.360471332 BTC
This amount of reward will be distributed on 20/08, 28/08, 04/09, 12/09
.
Send to ZMNBTCFUND: 60%
Amount: 0.540706998 BTC
.

ZMNBTCFUND Report
.
As voted for ZMINE NEXT is done, The old buyback and suggest reward system are now aborted and we will establish ZMNBTCFUND on 16 Aug 2020. This fund will fill up with 1.105676278 BTC from the following parts.
.
01 Mar - 30 Jun 2020
Summary Profit: -0.00203959 BTC
.
01 Jul - 31 Jul 2020
60% Mining Profit: 0.540706998 BTC
.
Aborted Suggest Reward: 0.56700887 BTC
.

Notes :
- As the cryptocurrency market seems to be recovered, This month we are heading back to full-day mining operation again but to reduce on-peak demand electricity charge, we have decided to stop mining on low-end graphic cards model which is RX460/560, GTX1050TI and GTX1060 3GB. The retired graphic card will be listed on the GPU portal for redeem with ZMN token at the same rate as the exclusive GPU portal launch phase soon. All ZMN token that redeems for retired GPU will be kept for the burn. Anyone who interest to buy in bulk with bitcoin can also contact us at [email protected]
- Last month as we come back to profit in mining again, Masterqueue reward will resume distributing as normal starting on 20 Aug 2020 and this is the highest masterqueue reward that we ever paid but we also expect much more reward in the upcoming month.

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

Dear community,

The vote for the ZMINE Next via www.zmine.com will be started tomorrow.

The vote between “Go For ZMINE Next System” and “Keep All Current System” will be held on zmine.com and use the same vote system as last year. Please deposit your ZMN token on zmine.com before Aug 1, 2020 GMT. The system will snapshot the amount of ZMN Token To use as the number of voting rights on Aug 01, 2020 00.00 GMT. After that, you need to visit zmine.com and sign in to vote between 00:01 - 23:59 on Aug 01, 2020 GMT.

With just two easy steps;
- Deposit token to your wallet on www.zmine.com
- Vote for “Go for ZMINE Next system” or “Keep All Current system”

How to vote (Eng Version) : https://zmine.com/blog/en/announcement/how-to-vote-for-zmine-next-system-on-website-zmine-com/

How to vote (TH version) : https://zmine.com/blog/th/announcement/how-to-vote-for-zmine-next-system-on-website-zmine-com/

Decision is yours!

Thank you
ZMINE Team


#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Mining Result Quick Summary & 26th Buyback Event Announcement
.
01-31 Mar 2020
Profit: -0.42685199 BTC
.
01-30 Apr 2020
Profit: -0.51135979 BTC
.
01-31 May 2020
Profit: 0.45334426 BTC
.
01-30 Jun 2020
Profit: 0.48282793 BTC

26th Buyback Information
Summary Profit: -0.00203959 BTC
.
Notes :
- We now got little left on negative profit and can expect a positive profit in next month
- As voting for ZMINE Next will occur on 01 Aug 2020, if the vote for ZMINE Next is succeeded 60% of mining profit from this month will keep for ZMN BTC FUND. If not buyback event will occur on 16 Aug 2020 as normal
- Please make sure that you deposit your ZMN token on zmine.com before Aug 1, 2020, GMT. The system will snapshot the amount of ZMN Token To use as the number of voting rights on Aug 01, 2020 00.00 GMT. After that, you need to visit zmine.com and sign in to vote between 00:01 - 23:59 on Aug 01, 2020 GMT

#ZMN #Cryptocurrency
____________________________
Follow us on social media channels :
E-mail: [email protected]
Website: https://zmine.com
Twitter: https://twitter.com/zmineofficial
Line@: https://line.me/R/ti/p/%40zmine
Telegram: https://t.me/zminegroupchat
Bitcointalk: https://bitcointalksearch.org/topic/annzmine-token-zmn-exchange-to-graphic-card-and-let-us-rent-them-for-mining-3407715

ZMINE Next Announcement

As we know that cryptocurrency mining profits are not the same as we started. That resulted in many systems that we designed are not fit for the current situation. Therefore, we want to introduce a new system and it will need to be voted by the token holder as it will alter some characteristics of ZMN token.

The new system may quite complicated, that is why we want to explain and discuss this system in the meeting first. Nevertheless, due to the pandemic of the COVID-19 and social distancing policy, we’ve decided to summarise and explain the new system in this announcement.

What will be changed?
- Suspension of WRYGC business
- Abort Suggest Reward
- Abort Old Buyback System
- Establish “ZMN BTC FUND” for New ZMN Lending Business
- ZMN token will use as credit to borrow from “ZMN BTC FUND”
- ZMN token will use to pay interest from borrowing funds.

What is still remains?
- We are still mining but not only one thing as before
- MasterQueue still receive BTC reward from 40% of mining profit each month
- ZMN token can still use to redeem hardware in GPU Portal and Marketplace
- ZMN token from many ways will still be burned on 1st of every month

Buyback System
This system is designed to distribute huge profits to affect the market price. But the main drawback of this system is it needs exchange websites and not everyone can participate in the buyback event. With low profit and low buyback, things are going worst as it will have very little effect on market price. That why we think this buyback system is a must need to be transformed. The new system will abort the buyback system and give 60% of mining profit to “ZMN BTC FUND” while 40% of mining profit still remain to MasterQueue

ZMN BTC FUND
This is the new system that we will use to store bitcoin for lending business. This fund will start with aborted suggest reward fund (0.567btc) and growing up on 16th of every month from the following income
- 60% of the mining profit from each month
- Sales of not in use hardware and software
- Profit of other ZMINE business
- Partners, investors and lender

ZMN Lending Business
This is the new business that we want to focus on. The more ZMN token you hold, the more credit for borrow bitcoin from ZMN BTC FUND you got. When you borrow bitcoin from ZMN BTC FUND,  All interest will be deducted first from your ZMN balance and your ZMN token will be locked as collateral. You need to paid bitcoin back in times to claim your collateral back. If not all of your collateral will be seized for burned.

Example of ZMN-BTC Lending Process
- Let assume that 1 BTC is equal 10,000 USD and our borrow interest rate is 6% per year
- Assume that we sold every hardware and got around 160 BTC in ZMN BTC FUND
- Current Circulating Supply of ZMN Token is 160,000,000 ZMN
- That means if you have 1,000,000 ZMN, you can immediately borrow 1 BTC from ZMN BTC FUND
- If you decided to borrow 1 BTC for 1 month, you need to paid interest upfront around 50 USD worth of ZMN token
- After that, your 1,000,000 ZMN will lock as collateral (ZMN in MasterQueue can borrow with no need to cancel)
- After 1 month if you paid 1 BTC back, you will get your 1,000,000 ZMN token back. But if you were not paid, your 1,000,000 ZMN will be seized for the burn on 1st of next month.
- Guest borrowing with no need to sign up can also available

The benefit of New ZMINE Next System
- Easy to describe the term of use of ZMN Token (Use as a credit to borrow bitcoin from ZMN BTC FUND)
- Bitcoin price will have a direct effect on ZMN token price
- ZMN Token Holder can exit anytime
    - Exit first and receive little than nothing
    - Exit later, wait for a better reward
- Open to new business, not only mining business anymore

The drawback of new ZMINE Next System
- It will change many things from the original
- Need to be voted by the token holder
- Required new websites function and design
- Quite hard to explain at first
- Need very good manual and infographic

So this is a minimal summarise of the new ZMINE Next System. Please feel free to ask us below this comment or on our telegram channel. The vote between “Go For ZMINE Next System” and “Keep All Current System” will be held on zmine.com and use the same vote system as last year. Please deposit your ZMN token on zmine.com before Aug 1, 2020 GMT. The system will snapshot the amount of ZMN Token To use as the number of voting rights on Aug 01, 2020 00.00 GMT. After that, you need to visit zmine.com and sign in to vote between 00:01 - 23:59 on Aug 01, 2020 GMT.


#ZMN #Cryptocurrency
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