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BTC Digital Mining Business
Plan
BusinessName:BTCDigital Mining
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Name:Garth StevensCEO
ID Number:9002135149083
Contact numbers:+27 73 335 9263
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Table of Contents:
1. Executive Summary Page 4
2. General CompanyDescription Page 5
3. The Opportunity,Industry&Market Page 6
4. Strategy Page 6
5. BusinessModel Page 6
6. Team – Management&Organisation Page 9
7. Operational Plan Page 9
8. Appendix Page 13
 5 yearfinancial projections
 CV
 Business andterminology explanation
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2. Executive Summary
What is Bitcoinand Altcoin?
Bitcoinsor Alternative coins(altcoins)forshortisa revolutionarydigital currencyalsoknownascryptocurrency.Itssol e
purpose wasto give the freedomandcontrol of transactiontoanyone, anywhere inthe worldwithoutthe needfora
middle man(PayPal).Itcan be sentto anyone at anytime withanygivenamount,withthe simple use of abitcoinwallet
and the receiversuniquelygeneratedwalletaddress.Itisthe mostsecure andsafestmeansof sendingandreceiving
money(bitcoin) throughthe meansof online transactionsie (eft).Itisalsoacceptedasa meansof paymentinover
750000 retail storesworldwide andacceptedinover1,500,000 on line retailerstheseinclude butare notlimitedto
(Dell,Amazon,Newegg,Microsoft,Apple andmanymore) itisalsotradedon the local forex exchange andcanbe
convertedfrombitcointoanyform of currency anddepositedstraightintoyourbankaccount.
Where do bitcoinscome from?
We will gomore in-depthaboutthisonthe sectionabout miningwhichinthisinvestmentproposal isourreasonfor
financial success,buthere’saverysimple explanation:Some usersputtheircomputerstoworkverifyingtransactionsin
the peer-to-peernetworkmentionedabove.These usersare rewardedwithnewbitcoinsproportional tothe amountof
computingpower(hashrate persecond) theydonate tothe network.
Whocontrols Bitcoin?
As we mentionedabove,thereisnocentral personorcentral authorityincharge of Bitcoin.Variousprogrammers
donate theirtime developingthe opensource Bitcoinsoftware andcanmake changessubjecttothe approval of lead
developerGavinAndresen.The individual minersthenchoose whethertoinstall the new versionof the software orstick
to the oldone,essentially“voting”withtheirprocessingpower.Itisinthe miners’bestinteresttoonlyacceptchanges
that are goodfor the Bitcoincurrencyinthe longrun.These checksand balancesmake itimpossible foranyone to
manipulate Bitcoin.
What is bitcoinmining?
Miningisthe termusedforrunninga seriesof calculationsonspeciallydesignedpurpose builthardware toverifythe
transactionsthattake place inthe Bitcoinnetwork.The speciallydesignedpurpose builthardware runs100% more
efficientthanstandardcomputersandhave a 78% decrease onpowerconsumptionthananyother productsoutthere.
Abouteverytenminutes,anewblockof transactiondatais createdandthe minerswhocreatedthe blockare awarded
inbitcoins/altcoinsgiventhe amountof hashingpowertheycontributedtosolvingthe algorithm.Thisinturnmeans the
higheryourprocessingcapabilitiesorhashrate the biggerthe rewardforsolvingthe algorithmyoureceive foreach
blockverified.Thisservesthe bitcoinnetworkbothasa systemto verifytransactionsandasa systemforfairly
distributingnew bitcoins.The average userwill take yearstogenerate anyprofitinthe miningof bitcoinbutwiththe
investmentof (3MillionRand) we will holdone of the highestpercentage of hashingpowerroughingaround5500 TH/s
whichequalsto 55,000,000,000,000,000 hash’spersecond,inturn givingusthe sole abilitytomine withstaggering
affectsfromthe outsetresultinginthe followingpredictions.
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R 3,000,000.00 yieldsusthe followingestimated grossprofitminingbitcoin:
 CurrentBitcoinvalue R3293.97
 Dailyminingincome R12003.99
 Weeklyminingincome R84258.82
 Monthlyminingincome R365,121.59
 Yearlyminingincome R4,381,458.70
These figuresare basedonthe nextdifficultyratingandcurrentdollartorand exchange rate for bitcoin,andwe will be
miningseveral differentcoinsgivingusa0% riskof failure andyieldingusapotential 200% returnafterthe firstyearof
miningproductions.Alsowithasetamountof revenue returningintothe companyeachmonthtoincrease hashing
power/productionrateswith600 more miningunitsbythe endof yearone,we will see asteadilyincreaseof rewardper
algorithmresultinginanendof yeartwo estimatedgrossyearlyprofit of R
3. General CompanyDescription
BTC Digital Miningisa LLC type entity,withsole ownershipfallingtothe founderandcreatorof BTC Digital MiningGarth
StevensCEO.Currently BTCDigital Miningisstill inthe earlystagesof start-upawaitingforthe firstpotential investorto
grant the fundsneededtoprogresstoa well-developedandwell-structuredindustryleadingCryptoCurrencymining
organisation.
The missionof BTC Digital Miningseekingthisinvestmentisforthe miningof bitcoin/altcoinsalsoknownas
CryptoCurrenciesusingspeciallydesignedhardware andsoftware knownasASICsandCGminer.We will be settingupa
Digital miningfarmdatacentre whichwill be the firstof its kindand size inSouthAfricaforthe sole purpose forbeing
rewardedforthe use of ourprocessingpowersforsolvingalgorithmswithinthe cryptocurrencyblockchain.
The amount investedwill be usedinthe procurementof the specializedASICminers fromthe leadingindustry
developers,the needednetworkswitchesforlinkingthe hardware together.All the neededmiscellaneouscomponents
such as the Ethernetcables,PDUsupplyadapters,central control PC,mountingracks,coolingequipment,Optimal
miningfacilityandthe first2years runningcosts(Electricity,Hardware Maintenance,Facilityrental costsetc)
Our goal is to mine several differentcryptocoins whichwill be tradeddailyonthe crypocurrencytodollarexchange for
max profitabilitygivingusa control inthe marketas one of the wealthiestminingfarmsinthe worldandwe will be
increasingourminingproductioneachmonthwithasetamountof revenue beingusedinthe purchasing of more
mininghardware toincrease overall hashing/solvingpowereachmonth.
We will alsobe workingtowardsinvestmentinotherformsof electricity(solarpower,Windturbines) tosave onoverall
runningcostsand increase onoverall profitmarginsandinturndecreasingonour global warmingfootprint.
Creatingnumerousjobopportunitiesforlocals andforeignersaliketohelpcontribute to decreasingunemployment
rates.
Our aimis to getour investor/sonboardandinvestedassoonas possible tostartgeneratingaprofitinmining2 weeks
afterreceivinginitial investment funds.
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4. The Opportunity,Industry & Market
The opportunitypresentedinfrontof youhas come forthdue to the lack of knowledge andrequiredfundinginthe
average humanbeing, tobe able to create a successful large scale miningoperationsandtothe everincreasingdemand
for miners forthe solvingof the transactionstakingplace inthe digital currencynetwork andinthe solvingof the block
chainalgorithmstocreate more bitcoinstofeedthe evergrowingneedin the marketwithover4millionusers
worldwide,75000 retail storesandall majoronline retailersacceptingbitcoin(Dell,Microsoft,Google,Amazon,Ebay,
Apple)etc.
Havingreceivedthe investmentwe willbe tappingintoaniche inthe marketand with the size andscale of ourmining
farm andeverincreasinghardware monthaftermonth we will be controlling ahuge stake inthe markets. Generatinga
substantial amountof bitcoinsonadailybasisto be exchange onthe markets.
5. Strategy
To insure oursuccessin the bitcoinminingindustrywe will be miningnumerousdifferentcryptocoinsgivingusthe best
possible profitona dailybasiswhenwe exchange ourrewardedcoins todollars.We will alsoreinvestasetamountof
revenue backintothe business eachmonthforthe purchasingof more mininghardware thusincreasingouroverall
hashingpowerona monthlybasisincreasingourdailyprofitoutput.
To furthermore increase ournetprofitwe will be investinginotherformsof electricitytobringdownouroverall running
costs andincreasingonour daily,weekly,monthly,andyearly,profitmargins.Iwillalsobe marketingbitcoinformsof
paymenttoall major and minorretail andfoodestablishmentsaroundsouthAfricagivingbitcoinamore controll ing
marketincrease the use of bitcointhusincreasingthe value of bitcoinoverall andgivingusmore blocksandtransactions
to be mined
6. BusinessModel
The main source of our revenue willcome fromthe exchangingof ourbitcoins/altcoinstodollaronthe cryptocoin
exchange markets.Thisisdone withthe aidof a bitcoinwalletwhichisfree toall userstodownload.Whatthiswallet
essentiallymeansisthatitgive youa digital walletthatisstoredonyour pc, laptopor smartphone thatallowsyouto
transferyourcoinsto otherusersas forms of paymentsorto the exchange networktosell orexchange fordollars which
isthentransferredtothe businessaccount.
The major cost inbeingable togenerate the revenue will come inthe formof the initial investmentforthe purchase of
the ASICminersand start-upof the miningoperation.Thiswill insurethe profitabilityof the operationthroughgivingme
the ability toinvestina substantial amountof ASICminersinsuringahuge generationof profitfromthe firstdayof
mining.
The profitability inthe operationcanbe seeninthe diagram below showingyouwhatthe expectedprofitability will be
for the firstyearof miningonan investmentof 3 MillionRand givingussuchsaid netprofit
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jump difficulty usd/btc ฿ revenue (excl. power) ฿ total $ total $ revenue (incl. power)
1 (on 2015/09/23) 59,335,351,234 + 5 % 232 0 ฿ 0 0 0 $
2 (on 2015/10/05) 62,215,708,090 + 4.9 % 237 54.32042 ฿ 54.32042 8837.34 8837.34 $
3 (on 2015/10/17) 65,147,921,686 + 4.7 % 242 51.87554 ฿ 106.19596 17341.26 8503.92 $
4 (on 2015/10/29) 68,128,900,544 + 4.6 % 246 49.60572 ฿ 155.80168 25536.42 8195.16 $
5 (on 2015/11/10) 71,155,482,830 + 4.4 % 251 47.49575 ฿ 203.29743 33445.64 7909.22 $
6 (on 2015/11/22) 74,224,450,058 + 4.3 % 256 45.53194 ฿ 248.82938 41090.07 7644.43 $
7 (on 2015/12/04) 77,332,540,477 + 4.2 % 262 43.70196 ฿ 292.53133 48489.35 7399.28 $
8 (on 2015/12/16) 80,476,462,088 + 4.1 % 267 41.99468 ฿ 334.52601 55661.75 7172.4 $
9 (on 2015/12/28) 83,652,905,203 + 3.9 % 272 40.40007 ฿ 374.92608 62624.28 6962.53 $
10 (on 2016/01/09) 86,858,554,516 + 3.8 % 278 38.90904 ฿ 413.83513 69392.81 6768.53 $
11 (on 2016/01/21) 90,090,100,610 + 3.7 % 283 37.51337 ฿ 451.3485 75982.19 6589.38 $
12 (on 2016/02/02) 93,344,250,884 + 3.6 % 289 36.20559 ฿ 487.55409 82406.31 6424.12 $
13 (on 2016/02/14) 96,617,739,860 + 3.5 % 295 34.97891 ฿ 522.533 88678.21 6271.9 $
14 (on 2016/02/26) 99,907,338,831 + 3.4 % 300 33.82718 ฿ 556.36018 94810.13 6131.92 $
15 (on 2016/03/09) 103,209,864,862 + 3.3 % 306 32.74477 ฿ 589.10495 100813.59 6003.46 $
16 (on 2016/03/21) 106,522,189,105 + 3.2 % 313 31.72657 ฿ 620.83151 106699.47 5885.88 $
17 (on 2016/04/02) 109,841,244,432 + 3.1 % 319 30.76789 ฿ 651.5994 112478.03 5778.56 $
18 (on 2016/04/14) 113,164,032,398 + 3 % 325 29.86447 ฿ 681.46387 118158.97 5680.94 $
19 (on 2016/04/26) 116,487,629,518 + 2.9 % 332 29.01238 ฿ 710.47625 123751.5 5592.53 $
20 (on 2016/05/08) 119,809,192,889 + 2.9 % 338 28.20805 ฿ 738.6843 129264.36 5512.86 $
21 (on 2016/05/20) 123,125,965,150 + 2.8 % 345 27.44818 ฿ 766.13247 134705.85 5441.49 $
22 (on 2016/06/01) 126,435,278,821 + 2.7 % 352 26.72975 ฿ 792.86222 140083.89 5378.04 $
23 (on 2016/06/13) 129,734,560,014 + 2.6 % 359 26.04999 ฿ 818.91221 145406.04 5322.15 $
24 (on 2016/06/25) 133,021,331,566 + 2.5 % 366 25.40633 ฿ 844.31854 150679.52 5273.48 $
25 (on 2016/07/07) 136,293,215,599 + 2.5 % 374 24.79642 ฿ 869.11495 155911.26 5231.74 $
26 (on 2016/07/19) 139,547,935,540 + 2.4 % 381 24.21808 ฿ 893.33303 161107.89 5196.63 $
27 (on 2016/07/31) 142,783,317,637 + 2.3 % 389 23.66932 ฿ 917.00235 166275.79 5167.9 $
28 (on 2016/08/12) 145,997,291,984 + 2.3 % 396 23.14826 ฿ 940.15061 171421.12 5145.33 $
29 (on 2016/08/24) 149,187,893,102 + 2.2 % 404 22.6532 ฿ 962.80381 176549.8 5128.68 $
30 (on 2016/09/05) 152,353,260,088 + 2.1 % 412 22.18255 ฿ 984.98636 181667.56 5117.76 $
31 (on 2016/09/17) 155,491,636,385 + 2.1 % 421 21.73482 ฿ 1006.72118 186779.94 5112.38 $
32 (on 2016/09/29) 158,601,369,171 + 2 % 429 21.30866 ฿ 1028.02985 191892.33 5112.39 $
overall
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mine + hold (final payout) 1028.03 ฿ 316176.17 $
The followingfinancial predictionsforthe firstyearof miningare based onthe average increase of the miningdifficultyaswell asaverage fluctuationsandon
the full initial investmentof 3 MillionRand.
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7. Team – Management& Organisation
Hi,I’m Garth StevensCEOand leaddeveloperandminingspecialistof the above Cryptocoinminingproposal.Ihave
beenminingona small scale forseveral yearsnow,have full expertknowledgeof the digital miningindustry.Fully
trainednetworkpenetrationspecialist,electronicandmechanical engineerplusahighrankedcomputingbackground.
I will be the mainDirectorand Producerbehindthe settingupandrunningof the crypto mine.All maintenance will be
performedandoverseenbyme,Iwill be on site 24/7 to insure we onlymine the mostprofitable cryptocoin24hoursa
day.
I have workedouteverycalculationandsimulationtoinsure thatthisinvestmentisfullproof witha0% riskof failure
and to insure full initial investmentreturnwithinthe first3yearsof production.Creatingthe mostviable investment
opportunityforanyand all interestedinvestors.
8. Operational Plan
ASIC Mining
An application-specificintegratedcircuit,orASIC,isa microchipdesignedandmanufacturedforaveryspecificpurpose.
ASICsdesignedforBitcoinminingwere firstreleasedin2013. For the amountof powertheyconsume,theyare vastly
fasterthan all previoustechnologiesevercreated.Theyare the backbone tobeingasuccessful bitcoin/altcoinminerand
contribute tobillionsof dollarsbeingearnedeachyearminingcryptocurrencies.
The ASIC hardware thatwill be usedisthe mostadvancedand energy efficienthardware availabletoday,withone unit
beingcapable of processing5.5TH/s whichisthe equivalentof figuringout55,000,000,000,000 sumsa second.
The ASICsusedwill be putto workminingthe followingCryptocoinsgivingusamarketedge and insuringavast yet
stable income everyDayWeekMonthandYear. We will spreadoutthe hashingpowerdailyacrossseveral different
coinsdeterminedbythe dayssetvalue of eachcoinagainstthe dollar,insuringwe generatethe mostprofitabilityinthe
leastamountof time offeringthe greatestrewardforourinvestment.
There are hundredsof coinsonthe marketbut we will be focusingonthe followingstipulatedbelow.
Peercoin (PPC) $1,143.68 Daily profit
Bitcoin (BTC) $1,127.39 Daily profit
IllustrationOf ASIC miner
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Takcoin (TAK) $1,101.85 Daily profit
Titcoin (TIT) $988.18 Daily profit
UniversalCurrency (UNIT) $980.32 Daily profit
HAMRadioCoin (HAM) $889.10 Daily profit
Freicoin (FRC) $886.86 Daily profit
Terracoin (TRC) $880.94 Daily profit
Betacoin (BET) $800.94 Daily profit
Mazacoin (MZC) $767.96 Daily profit
The followingprofitmarginsare basedindollarsontoday’scurrentsetvaluesandwiththe investmentof (3Million
Rand) and are the top 10 coinswe will be focusingonandwill be miningaccordingtothe mostprofitable daily
predictions.
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The minerswill be operating andmanagedbyme 24 hoursa day in a purpose sourcedwarehouse inGautengSouth
Africa.The ASICmininghardware will be sourcedfromspecialistcompaniesbasedinchinawithwhichIhave an
upstandingbusiness relationshipwith.The investmentfundwill goforthe purchasingof the followingrequired
componentstoinsure thatthe mine producesthe bestresultsfromthe outset.
ASICminers – 140 units
ASICPSU – 280 units
PDU Bar – 14 units
Central miningcontrol –2 unit
ASICmountingrack – 50 units
Ether cable plusfixings –10 units
Patch panels – 10 units
Temperature control –20 units
EquipmentCosttotal – R 2,355,800.50
Balance of R 644199.50 will be allocatedforthe followingexpenses forthe first12 monthsrunningcosts.
Warehouse rental
Utilities
 Electricity
 Water
Services
 Airconditioning&Hardware cooling
 Internetservices
 General Maintenance &Upkeep
Salaries
 3 permanentstaff
 Tempsas needed
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10. Appendix
What is CryptoCurrency?
A digital currencyinwhichencryptiontechniquesare usedtoregulate the generationof unitsof currencyandverifythe
transferof funds,operatingindependentlyof acentral bank.
"DecentralizedCryptoCurrenciessuchasBitcoinnow provide anoutletforpersonal wealththatisbeyondrestrictionand
confiscation"
A cryptocurrency(orcrypto currency) isa mediumof exchange usingcryptographytosecure the transactionsandto
control the creationof newunits.Cryptocurrenciesare asubsetof alternative currencies,orspecificallyof digital
currencies.Bitcoinbecame the firstdecentralizedcryptocurrencyin2009. Since then,numerouscryptocurrencieshave
beencreated.These are frequentlycalledaltcoins,asa blendof bitcoinalternative.Cryptocurrenciestypicallyfeature
decentralizedcontrol (asopposedtoacentralizedelectronicmoneysystem,suchasPayPal) anda publicledger(suchas
bitcoin'sblockchain) whichrecordstransactions.
Cryptocurrencyisproducedbythe entire cryptocurrency systemcollectively,atarate whichisdefinedwhenthe system
iscreatedand whichispubliclyknown.Incentralizedbankingandeconomicsystemssuchasthe Federal Reserve
System,corporate boardsor governmentscontrol the supplyof currencybyprintingunitsof fiatmoneyordemanding
additionstodigital bankingledgers.However,companiesorgovernmentscannotproduce unitsof cryptocurrencyandas
such,have not so far providedbackingforotherfirms,banksorcorporate entitieswhichholdassetvalue measuredina
decentralizedcryptocurrency.The underlyingtechnical systemuponwhichall cryptocurrenciesare now basedwas
createdby the groupor individual knownasSatoshi Nakamoto.
As of March 2015, hundredsof cryptocurrencyspecificationsexist;mostare similartoandderivedfromthe firstfully
implementeddecentralizedcryptocurrency,bitcoin.Withincryptocurrencysystemsthe safety,integrityandbalance of
ledgersismaintainedbyacommunityof mutuallydistrustful partiesreferredto asminers:membersof the general
publicusingtheircomputerstohelpvalidateandtimestamptransactionsaddingthemtothe ledgerinaccordance with
a particulartime stampingscheme.
The securityof cryptocurrencyledgersisbasedonthe assumptionthatthe majorityof minersare honestlytryingto
maintainthe ledger,havingfinancialincentivetodoso.
Most cryptocurrenciesare designedtograduallydecrease productionof currency,placinganultimate caponthe total
amountof currencythat will everbe incirculation.Thiscanmimicthe scarcity(andvalue) of preciousmetalsandavoid
hyperinflation.Comparedwithordinarycurrenciesheldbyfinancial institutionsorkeptas cash onhand,
cryptocurrenciesare lesssusceptible toseizure bylaw enforcement.
What is Bitcoinand Altcoins?
Bitcoinisa paymentsysteminventedbySatoshi Nakamoto,whopublishedthe inventionin2008 and releaseditas
open-source software in2009. The systemispeer-to-peer;userscantransact directlywithoutneedinganintermediary.
Transactionsare verifiedbynetworknodesandrecordedina publicdistributedledgercalledthe blockchain.The ledger
usesitsownunitof account,also calledbitcoin.The systemworkswithoutacentral repositoryorsingle administrator,
whichhas ledthe US Treasuryto categorize itas a decentralizedvirtual currency.Bitcoinisoftencalledthe first
cryptocurrency,althoughpriorsystemsexisted.Bitcoinismore correctlydescribedasthe firstdecentralizeddigital
currency.It isthe largestof itskindintermsof total marketvalue.
Bitcoinsare createdas a reward forpaymentprocessingworkinwhichusersoffertheircomputingpowertoverifyand
record paymentsintothe publicledger.Thisactivityiscalledminingandthe minersare rewardedwithtransactionfees
and newlycreatedbitcoins.Besidesmining,bitcoinscanbe obtainedinexchange fordifferentcurrencies,products,and
services.Userscansendand receive bitcoinsforanoptional transactionfee.
Bitcoinas a formof paymentforproductsand services hasgrown,andmerchantshave an incentive toacceptitbecause
feesare lowerthanthe 2–3% typicallyimposedbycreditcardprocessors.Unlike creditcards,anyfeesare paidby the
purchaser,notthe vendor.
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Block chain
The blockchain isa publicledgerthatrecordsbitcointransactions.A novel solutionaccomplishesthiswithoutany
trustedcentral authority:maintenanceof the blockchainisperformedbyanetworkof communicatingnodesrunning
bitcoinsoftware.Transactionsof the formpayerX sendsY bitcoinstopayee Z are broadcast to thisnetworkusing
readilyavailable software applications.Networknodescanvalidatetransactions,addthemtotheircopyof the ledger,
and thenbroadcastthese ledgeradditionstoothernodes.The blockchainisa distributeddatabase;inorderto
independentlyverifythe chainof ownershipof anyandeverybitcoin(amount),eachnetworknode storesitsowncopy
of the blockchain.Approximatelysixtimesperhour,anew groupof acceptedtransactions,ablock,iscreated,addedto
the blockchain,and quicklypublishedtoall nodes.Thisallowsbitcoinsoftware todeterminewhenaparticularbitcoin
amounthas beenspent,whichisnecessaryinordertopreventdouble-spendinginanenvironmentwithoutcentral
oversight.Whereasaconventional ledgerrecordsthe transfersof actual billsorpromissorynotesthatexistapartfrom
it,the blockchainisthe onlyplace thatbitcoinscanbe saidto existinthe formof unspentoutputsof transactions.
Units
The unitof account of the bitcoinsystemisbitcoin.Asof 2014, symbolsusedtorepresentbitcoinare BTC.Small
amountsof bitcoinusedas alternative unitsare millibitcoin(mBTC),microbitcoin(µBTC),andsatoshi.Namedinhomage
to bitcoin'screator,a satoshi isthe smallestamountwithinbitcoinrepresenting0.00000001 bitcoin,one hundred
millionthof abitcoin.A millibitcoinequalsto0.001 bitcoin,whichisone thousandthof bitcoin.One microbitcoinequals
to 0.000001 bitcoin,whichisone millionthof bitcoin.A microbitcoinissometimesreferredtoasa bit.
On 7 October 2014, the BitcoinFoundationdisseminatedaplantoapplyfor an ISO4217 currencycode forbitcoinand
mentionedBTCandXBT as the leadingcandidates.
Ownership
Simplifiedchainof ownership.Inreality,atransactioncanhave more than one inputandmore thanone output.
Ownershipof bitcoinsimpliesthatausercan spendbitcoinsassociatedwithaspecificaddress.Todoso, a payermust
digitallysignthe transactionusingthe correspondingprivate key.Withoutknowledge of the private key,the transaction
cannot be signedandbitcoinscannotbe spent.The networkverifiesthe signature usingthe publickey.If the private key
islost,the bitcoinnetworkwill notrecognizeanyotherevidence of ownershipthe coinsare thenunusable,andthus
effectivelylost.Forexample,in2013 one usersaid he lost7,500 bitcoins,worth$7.5 millionatthe time,whenhe
discardeda harddrive containinghisprivate key.
Transactions
A transactionmusthave one or more inputs.For the transactionto be valid,everyinputmustbe anunspentoutputof a
previoustransaction.Everyinputmustbe digitallysigned.The use of multipleinputscorrespondstothe use of multiple
coinsina cash transaction.A transactioncan alsohave multiple outputs,allowingone tomake multiple paymentsinone
go. A transactionoutputcan be specifiedasan arbitrarymultiple of satoshi.Asina cash transaction,the sumof inputs
(coinsusedtopay) can exceedthe intendedsumof payments.Insuchcase,an additional outputisused,returningthe
change back to the payer.Anyinputsatoshisnotaccountedforin the transactionoutputsbecome the transactionfee.
To sendmoneytoa bitcoinaddress,users canclicklinksonwebpages;thisisaccomplishedwithaprovisional bitcoinURI
scheme usingatemplate registeredwithIANA.Bitcoinclientslike ElectrumandArmorysupportbitcoinURIs.Mobile
clientsrecognize bitcoinURIsinQR codes,sothat the userdoesnot have to type the bitcoinaddressandamountin
manually.The QRcode isgeneratedfromthe userinputbasedonthe paymentamount.The QR code isdisplayedonthe
mobile devicescreenandcanbe scannedby a secondmobile device.
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Mining
Relative miningdifficultyfrom9January2009 to 31 December2014 (the difficultyscale islogarithmic).Relativemining
difficultyisdefinedasthe ratiobetweenthe difficultytargeton9 January2009 and the currentdifficultytarget.
Miningisa record-keepingservice.Minerskeepthe blockchainconsistent,complete,andunalterable byrepeatedly
verifyingandcollectingnewlybroadcasttransactionsintoanew groupof transactionscalledablock.A newblock
containsinformationthat"chains"ittothe previousblockthusgivingthe blockchainitsname.Itis a cryptographichash
of the previousblock,usingthe SHA-256hashingalgorithm.
In orderto be acceptedby the restof the network,anew blockmust containa so-calledproof-of-work.The proof-of
workrequiresminerstofindanumbercalledanonce,such that whenthe blockcontentishashedalongwiththe nonce,
the resultisnumericallysmallerthanthe network'sdifficultytarget.Thisproof iseasyforanynode inthe networkto
verify,butextremelytime-consumingtogenerate,asfora secure cryptographichashminersmusttry manydifferent
nonce values(usuallythe sequence of testedvaluesis0,1, 2, 3, ...before meetingthe difficultytarget.
Every2016 blocks(approximately14days),the difficultytargetisadjustedbasedonthe network'srecentperformance,
withthe aimof keepingthe average time betweennew blocksattenminutes.Inthiswaythe systemautomatically
adaptsto the total amountof miningpoweronthe network.Forexample,between1March 2014 and 1 March 2015,
the average numberof nonce minershadto try before creatinganew blockincreasedfrom16.4 quintillionto200.5
quintillion.
The proof-of-worksystem, alongside the chainingof blocks,makesmodificationsof the blockchainextremelyhardasan
attackermust modifyall subsequentblocksinorderforthe modificationsof one blocktobe accepted.Asnewblocksare
minedall the time,the difficultyof modifyingablockincreasesastime passesandthe numberof subsequentblocks
(alsocalledconfirmationsof the givenblock) increases.
Practicalities
It has become commonforminerstojoinorganizedminingpools,whichcombine the computational resourcesof their
membersinorderto increase the frequencyof generatingnew blocks.The rewardforeachblockisthensplit
proportionatelyamongthe members,creatingamore predictable streamof income foreachminerwithoutnecessarily
changingtheirlong-termaverage income,althoughafee maybe chargedfor the service.
The rewardsof mininghave ledtoever-more-specializedtechnologybeingutilized.The mostefficientmininghardware
makesuse of custom designedapplication-specificintegratedcircuits,whichoutperformgeneral purposeCPUswhile
usinglesspower.Asof 2015, a minerwhoisnot usingpurpose-builthardware isunlikelytoearnenoughto coverthe
cost of the electricityusedintheirefforts,evenif theyare amemberof a pool.
Supply
The successful minerfindingthe newblockisrewardedwithnewlycreatedbitcoinsandtransactionfees.Asof 28
November2012, the rewardamountedto25 newlycreatedbitcoinsperblockaddedtothe blockchain.To claimthe
reward,a special transactioncalledacoinbase isincludedwiththe processedpayments.All bitcoinsincirculationcanbe
traced back tosuch coinbase transactions.The bitcoin protocol specifiesthatthe rewardforaddinga blockwill be
halvedapproximatelyeveryfouryears.Eventually,the rewardwill be removedentirelywhenanarbitrarylimitof 21
millionbitcoinsisreachedthe year2140 givingus124 years of successful mining,andrecordkeepingwill thenbe
rewardedbytransactionfeessolely.
Example ofMining Farm
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Transaction fees
Payinga transactionfee isoptional,butmayspeedupconfirmationof the transaction.Payershave anincentive to
include suchfeesbecause doingsomeanstheirtransactionismore likelytobe addedtothe blockchainsooner;miners
can choose whichtransactionstoprocessand prioritize those thatpayhigherfees.Feesare basedonthe storage size of
the transactiongenerated,whichinturnisdependenton the numberof inputsusedtocreate the transaction.
Furthermore,priorityisgiventoolderunspentinputs.
A walletstoresthe informationnecessarytotransactbitcoins.While walletsare oftendescribedasa place toholdor
store bitcoins,due tothe nature of the system,bitcoinsare inseparable fromthe blockchaintransactionledger.Perhaps
a betterwayto describe awalletissomethingthat"storesthe digital credentialsforyourbitcoinholdings"andallows
youto access (andspend) them.Bitcoinusespublic-keycryptography,inwhichtwocryptographickeys,one publicand
one private,are generated.Atitsmostbasic,a walletisa collectionof these keys.
There are several typesof wallet.Software walletsconnecttothe networkandallow spendingbitcoinsinadditionto
holdingthe credentialsthatprove ownership.Internetservicescalledonlinewalletslike Blockchain.info,Circle,Coinbase
or CoinCorneroffersimilarfunctionalitybutmaybe easiertouse;inessence,bitcoincredentialsare storedwiththe
online walletproviderratherthanonthe user's hardware.Physical walletsalsoexistandare more secure,astheystore
the credentialsnecessarytospendbitcoinsoffline.Examplescombineanoveltycoinwiththese credentialsprintedon
metal,wood,orplastic.Othersare simplypaperprintouts.Anothertype of walletcalledahardware walletkeeps
credentialsoffline whilefacilitatingtransactions.
17 | P a g e
Garth Stevens
Highperformance specialist, Sitedemolitionsupervisor, Cryptocoinminer
EXECUTIVE SUMMARY:
I startedmy careerat the age of 14, I openedagamesconsole repairshopfromhome,buying,fixingandsellinggaming
equipment.Atthe age of 16 I thenopenedupa constructioncompanywithmy dadin the UK under“T N G
CONSTRUCTION & TECHNICALSERVICES”December2006 – March 2013.
In betweenworkingIwasstudyingandgot16 accreditedqualificationsrangingfromGCSE’stoNVQ’s2008 - 2012.
Aftercollage Ireturnedto“T N G CONSTRUCTIONS& TECHNICALSERVICES”full time.
March 2013 I thendecidedtoimmigrate toSouthAfricafromthe UK.
Once here I thenstartedworkingformyself buyingandsellingcarstomake a living,Ithenprogressedtobecominga
performance specialist,specialisinginthe modificationof carsforthe purpose of drag racing,streetracing,track racing
and or justgeneral performance enhancements.Ithenstarteddigital miningcryptocurrencyaswell asworkingparttime
withmystepdad doinglogistics“EASTCOASTLOGISTICS”whilstcontinuingwiththe carmodificationandpersonal
digital miningoperation.
I thengot offeredapositionasa demolitionsite manager/supervisorat“CAPESTATION DEMOLITIONS”.
My responsibility’sincluded,butnotlimitedto:
 Buying,fixing, sellinggamingequipment.
 Supervisingsites.
 Managing staff members.
 Buyingandsellingcars.
 Plumbing.
 Electrical.
 Carpentry.
 Tilling.
 Flooring.
 Networkmanagement
 Digital coinmining
 Software development
 Hardware engineering
My Skills Include:
 EXCELLENT ELECTRONIC AND MECHANICAL SKILLS
 NETWORK PENETRATION TESTING
 LINUX CODING
 MICROSOFT CODING
 ELECTRONICAL AND MECHANICAL ENGINEERING
 COMMUNICATIONAL SKILLS
 DOCUMENT PREPARATION AND CONTROL
 GENERAL BOOKKEEPING
 ADMINISTRATION EXPIERENCE
 ACCOUNTS PAYABLE
 GENERAL MERCHANDISE AND SALES
 DAILY APPOINTMENT BOOKINGS
 STRONG ORGANISATIONAL SKILLS
18 | P a g e
Personal Attributes:
 HONEST, TRUSTWORTHY, RESPECTFUL, CONFIDENT AND INNOVATIVE
 ALWAYS DEMONSTRATING SOUND WORK ETHICS
 EFFECTIVE VERBAL AND LISTENING SKILLS
Personal Details:
Last Name : Stevens
First Names : Garth
Gender : Male
Residential Area : 105 Rusoord
31 Beach Road, Amanzimtoti, KZN,4126
Marital Status : Single
Dependents : None
ID Number : 9002135149083
Nationality : South African Citizen
Criminal Offence : None
Health : Excellent
Transport : Code 14
Languages : English and Afrikaans,Read and Write
Mobile Number : +27 (0) 73 335 9263
E-mail : gdswagger@gmail.com
19 | P a g e
Educational History:
Last School Attended : Norlington School for Boys London UK
Year completed : 2006
Level Attended : GCSE’s equivalentto Matric,Grade 12
Subjects
 Maths
 Science
 Geography
 Graphic designs
 English
 Biology
 History
 P.E
 Consumer studies
 Computer Science
Employment History:
Company : T N G CONSTRUCTION TECHNICAL SERVICES
Period : December 2006 – March 2013
Company : BOOST ISSUE PERFORMANCE
Period : April 2013 – DECEMBER 2014
Company : BTC Digital Mining
Period : June 2014 – current
Company : CAPE STATION DEMOLITIONS
Period : March 2015 – July 2015
Motivation for change : I love a challengewith the rightamount of
rewards,a fierce competitor determined to
reach any goal and accomplish anythingI putmy
mind to. I’m a firm believer in the theory of
“you need to believe in order to achieve”.
20 | P a g e
Employment References:
1. T N G CONSTRUCTION TECHNICAL SERVICES
Garth Stevens (CEO) : 073 335 9263
2. EAST COAST LOGISTICS
Garth Stevens : 073 335 9263
3. BOOST ISSUE PERFORMANCE
Garth Stevens (CEO) : 073 335 9263
4. CAPE STATION DEMOLITIONS
Robert Flynn (CEO) : 073 073 9468
21 | P a g e
jump difficulty usd/btc ฿ revenue (excl. power) ฿ total $ total $ revenue (incl. power)
1 (on 2015/09/23) 59,335,351,234 + 5 % 232 0 ฿ 0 0 0 $
2 (on 2015/10/05) 62,215,708,090 + 4.9 % 237 54.32042 ฿ 54.32042 8837.34 8837.34 $
++ BREAK EVEN - reached ROI with 8837.34 USD return on USD invest ++
3 (on 2015/10/17) 65,147,921,686 + 4.7 % 242 51.87554 ฿ 106.19596 17341.26 8503.92 $
4 (on 2015/10/29) 68,128,900,544 + 4.6 % 246 49.60572 ฿ 155.80168 25536.42 8195.16 $
5 (on 2015/11/10) 71,155,482,830 + 4.4 % 251 47.49575 ฿ 203.29743 33445.64 7909.22 $
6 (on 2015/11/22) 74,224,450,058 + 4.3 % 256 45.53194 ฿ 248.82938 41090.07 7644.43 $
7 (on 2015/12/04) 77,332,540,477 + 4.2 % 262 43.70196 ฿ 292.53133 48489.35 7399.28 $
8 (on 2015/12/16) 80,476,462,088 + 4.1 % 267 41.99468 ฿ 334.52601 55661.75 7172.4 $
9 (on 2015/12/28) 83,652,905,203 + 3.9 % 272 40.40007 ฿ 374.92608 62624.28 6962.53 $
10 (on 2016/01/09) 86,858,554,516 + 3.8 % 278 38.90904 ฿ 413.83513 69392.81 6768.53 $
11 (on 2016/01/21) 90,090,100,610 + 3.7 % 283 37.51337 ฿ 451.3485 75982.19 6589.38 $
12 (on 2016/02/02) 93,344,250,884 + 3.6 % 289 36.20559 ฿ 487.55409 82406.31 6424.12 $
13 (on 2016/02/14) 96,617,739,860 + 3.5 % 295 34.97891 ฿ 522.533 88678.21 6271.9 $
14 (on 2016/02/26) 99,907,338,831 + 3.4 % 300 33.82718 ฿ 556.36018 94810.13 6131.92 $
15 (on 2016/03/09) 103,209,864,862 + 3.3 % 306 32.74477 ฿ 589.10495 100813.59 6003.46 $
16 (on 2016/03/21) 106,522,189,105 + 3.2 % 313 31.72657 ฿ 620.83151 106699.47 5885.88 $
17 (on 2016/04/02) 109,841,244,432 + 3.1 % 319 30.76789 ฿ 651.5994 112478.03 5778.56 $
18 (on 2016/04/14) 113,164,032,398 + 3 % 325 29.86447 ฿ 681.46387 118158.97 5680.94 $
19 (on 2016/04/26) 116,487,629,518 + 2.9 % 332 29.01238 ฿ 710.47625 123751.5 5592.53 $
20 (on 2016/05/08) 119,809,192,889 + 2.9 % 338 28.20805 ฿ 738.6843 129264.36 5512.86 $
21 (on 2016/05/20) 123,125,965,150 + 2.8 % 345 27.44818 ฿ 766.13247 134705.85 5441.49 $
22 (on 2016/06/01) 126,435,278,821 + 2.7 % 352 26.72975 ฿ 792.86222 140083.89 5378.04 $
23 (on 2016/06/13) 129,734,560,014 + 2.6 % 359 26.04999 ฿ 818.91221 145406.04 5322.15 $
24 (on 2016/06/25) 133,021,331,566 + 2.5 % 366 25.40633 ฿ 844.31854 150679.52 5273.48 $
25 (on 2016/07/07) 136,293,215,599 + 2.5 % 374 24.79642 ฿ 869.11495 155911.26 5231.74 $
26 (on 2016/07/19) 139,547,935,540 + 2.4 % 381 24.21808 ฿ 893.33303 161107.89 5196.63 $
27 (on 2016/07/31) 142,783,317,637 + 2.3 % 389 23.66932 ฿ 917.00235 166275.79 5167.9 $
28 (on 2016/08/12) 145,997,291,984 + 2.3 % 396 23.14826 ฿ 940.15061 171421.12 5145.33 $
29 (on 2016/08/24) 149,187,893,102 + 2.2 % 404 22.6532 ฿ 962.80381 176549.8 5128.68 $
30 (on 2016/09/05) 152,353,260,088 + 2.1 % 412 22.18255 ฿ 984.98636 181667.56 5117.76 $
31 (on 2016/09/17) 155,491,636,385 + 2.1 % 421 21.73482 ฿ 1006.72118 186779.94 5112.38 $
32 (on 2016/09/29) 158,601,369,171 + 2 % 429 21.30866 ฿ 1028.02985 191892.33 5112.39 $
22 | P a g e
33 (on 2016/10/11) 161,680,908,437 + 1.9 % 438 20.9028 ฿ 1048.93264 197009.95 5117.62 $
34 (on 2016/10/23) 164,728,805,741 + 1.9 % 446 20.51604 ฿ 1069.44869 202137.89 5127.94 $
35 (on 2016/11/04) 167,743,712,700 + 1.8 % 455 20.1473 ฿ 1089.59599 207281.1 5143.21 $
36 (on 2016/11/16) 170,724,379,229 + 1.8 % 465 19.79555 ฿ 1109.39154 212444.42 5163.32 $
37 (on 2016/11/28) 173,669,651,558 + 1.7 % 474 19.45984 ฿ 1128.85138 217632.58 5188.16 $
38 (on 2016/12/10) 176,578,470,055 + 1.7 % 483 19.13927 ฿ 1147.99065 222850.22 5217.64 $
39 (on 2016/12/22) 179,449,866,875 + 1.6 % 493 18.83302 ฿ 1166.82368 228101.89 5251.67 $
40 (on 2017/01/03) 182,282,963,465 + 1.6 % 503 18.54031 ฿ 1185.36399 233392.06 5290.17 $
41 (on 2017/01/15) 185,076,967,936 + 1.5 % 513 18.26042 ฿ 1203.62441 238725.12 5333.06 $
42 (on 2017/01/27) 187,831,172,333 + 1.5 % 523 17.99266 ฿ 1221.61708 244105.42 5380.3 $
43 (on 2017/02/08) 190,544,949,823 + 1.4 % 534 17.73641 ฿ 1239.35349 249537.23 5431.81 $
44 (on 2017/02/20) 193,217,751,806 + 1.4 % 544 17.49106 ฿ 1256.84455 255024.78 5487.55 $
45 (on 2017/03/04) 195,849,104,979 + 1.4 % 555 17.25606 ฿ 1274.1006 260572.27 5547.49 $
46 (on 2017/03/16) 198,438,608,369 + 1.3 % 566 17.03088 ฿ 1291.13148 266183.84 5611.57 $
47 (on 2017/03/28) 200,985,930,335 + 1.3 % 578 16.81502 ฿ 1307.9465 271863.61 5679.77 $
48 (on 2017/04/09) 203,490,805,573 + 1.2 % 589 16.60804 ฿ 1324.55454 277615.68 5752.07 $
49 (on 2017/04/21) 205,953,032,121 + 1.2 % 601 16.40949 ฿ 1340.96403 283444.12 5828.44 $
50 (on 2017/05/03) 208,372,468,375 + 1.2 % 613 16.21895 ฿ 1357.18298 289352.99 5908.87 $
51 (on 2017/05/15) 210,749,030,138 + 1.1 % 625 16.03606 ฿ 1373.21904 295346.33 5993.34 $
52 (on 2017/05/27) 213,082,687,703 + 1.1 % 638 15.86043 ฿ 1389.07947 301428.19 6081.86 $
53 (on 2017/06/08) 215,373,462,971 + 1.1 % 650 15.69174 ฿ 1404.77121 307602.6 6174.41 $
54 (on 2017/06/20) 217,621,426,630 + 1 % 663 15.52964 ฿ 1420.30085 313873.6 6271 $
55 (on 2017/07/02) 219,826,695,380 + 1 % 677 15.37385 ฿ 1435.6747 320245.24 6371.64 $
56 (on 2017/07/14) 221,989,429,226 + 1 % 690 15.22407 ฿ 1450.89878 326721.56 6476.32 $
57 (on 2017/07/26) 224,109,828,835 + 1 % 704 15.08003 ฿ 1465.97881 333306.64 6585.08 $
58 (on 2017/08/07) 226,188,132,962 + 0.9 % 718 14.94147 ฿ 1480.92028 340004.55 6697.91 $
59 (on 2017/08/19) 228,224,615,953 + 0.9 % 732 14.80815 ฿ 1495.72843 346819.4 6814.85 $
60 (on 2017/08/31) 230,219,585,321 + 0.9 % 747 14.67983 ฿ 1510.40825 353755.32 6935.92 $
61 (on 2017/09/12) 232,173,379,401 + 0.8 % 762 14.55629 ฿ 1524.96454 360816.45 7061.13 $
62 (on 2017/09/24) 234,086,365,086 + 0.8 % 777 14.43734 ฿ 1539.40188 368006.98 7190.53 $
63 (on 2017/10/06) 235,958,935,643 + 0.8 % 793 14.32276 ฿ 1553.72464 375331.11 7324.13 $
64 (on 2017/10/18) 237,791,508,612 + 0.8 % 809 14.21238 ฿ 1567.93702 382793.1 7461.99 $
65 (on 2017/10/30) 239,584,523,788 + 0.8 % 825 14.10602 ฿ 1582.04304 390397.23 7604.13 $
66 (on 2017/11/11) 241,338,441,280 + 0.7 % 841 14.0035 ฿ 1596.04654 398147.82 7750.59 $
23 | P a g e
67 (on 2017/11/23) 243,053,739,659 + 0.7 % 858 13.90468 ฿ 1609.95121 406049.25 7901.43 $
68 (on 2017/12/05) 244,730,914,182 + 0.7 % 875 13.80938 ฿ 1623.7606 414105.93 8056.68 $
69 (on 2017/12/17) 246,370,475,098 + 0.7 % 893 13.71749 ฿ 1637.47808 422322.33 8216.4 $
70 (on 2017/12/29) 247,972,946,031 + 0.7 % 911 13.62884 ฿ 1651.10692 430702.96 8380.63 $
71 (on 2018/01/10) 249,538,862,446 + 0.6 % 929 13.54331 ฿ 1664.65024 439252.39 8549.43 $
72 (on 2018/01/22) 251,068,770,184 + 0.6 % 948 13.46079 ฿ 1678.11102 447975.25 8722.86 $
73 (on 2018/02/03) 252,563,224,077 + 0.6 % 967 13.38114 ฿ 1691.49216 456876.23 8900.98 $
74 (on 2018/02/15) 254,022,786,635 + 0.6 % 986 13.30425 ฿ 1704.79642 465960.07 9083.84 $
75 (on 2018/02/27) 255,448,026,797 + 0.6 % 1006 13.23002 ฿ 1718.02644 475231.59 9271.52 $
76 (on 2018/03/11) 256,839,518,765 + 0.5 % 1026 13.15835 ฿ 1731.18479 484695.66 9464.07 $
77 (on 2018/03/23) 258,197,840,889 + 0.5 % 1046 13.08912 ฿ 1744.27391 494357.23 9661.57 $
78 (on 2018/04/04) 259,523,574,626 + 0.5 % 1067 13.02226 ฿ 1757.29617 504221.32 9864.09 $
79 (on 2018/04/16) 260,817,303,562 + 0.5 % 1088 12.95767 ฿ 1770.25383 514293.03 10071.71 $
80 (on 2018/04/28) 262,079,612,488 + 0.5 % 1110 12.89525 ฿ 1783.14909 524577.52 10284.49 $
81 (on 2018/05/10) 263,311,086,541 + 0.5 % 1132 12.83495 ฿ 1795.98403 535080.05 10502.53 $
82 (on 2018/05/22) 264,512,310,397 + 0.5 % 1155 12.77666 ฿ 1808.76069 545805.94 10725.89 $
83 (on 2018/06/03) 265,683,867,516 + 0.4 % 1178 12.72032 ฿ 1821.48101 556760.61 10954.67 $
84 (on 2018/06/15) 266,826,339,446 + 0.4 % 1202 12.66585 ฿ 1834.14686 567949.56 11188.95 $
85 (on 2018/06/27) 267,940,305,168 + 0.4 % 1226 12.6132 ฿ 1846.76006 579378.38 11428.82 $
86 (on 2018/07/09) 269,026,340,494 + 0.4 % 1250 12.56228 ฿ 1859.32234 591052.76 11674.38 $
87 (on 2018/07/21) 270,085,017,508 + 0.4 % 1275 12.51304 ฿ 1871.83537 602978.47 11925.71 $
88 (on 2018/08/02) 271,116,904,049 + 0.4 % 1301 12.46541 ฿ 1884.30078 615161.38 12182.91 $
89 (on 2018/08/14) 272,122,563,240 + 0.4 % 1327 12.41934 ฿ 1896.72012 627607.47 12446.09 $
90 (on 2018/08/26) 273,102,553,047 + 0.4 % 1353 12.37478 ฿ 1909.0949 640322.81 12715.34 $
91 (on 2018/09/07) 274,057,425,888 + 0.3 % 1380 12.33166 ฿ 1921.42656 653313.58 12990.77 $
92 (on 2018/09/19) 274,987,728,264 + 0.3 % 1408 12.28994 ฿ 1933.7165 666586.06 13272.48 $
93 (on 2018/10/01) 275,894,000,436 + 0.3 % 1436 12.24957 ฿ 1945.96608 680146.65 13560.59 $
94 (on 2018/10/13) 276,776,776,122 + 0.3 % 1465 12.2105 ฿ 1958.17658 694001.86 13855.21 $
95 (on 2018/10/25) 277,636,582,235 + 0.3 % 1494 12.17269 ฿ 1970.34927 708158.31 14156.45 $
96 (on 2018/11/06) 278,473,938,641 + 0.3 % 1524 12.13608 ฿ 1982.48535 722622.75 14464.44 $
97 (on 2018/11/18) 279,289,357,947 + 0.3 % 1555 12.10065 ฿ 1994.586 737402.03 14779.28 $
98 (on 2018/11/30) 280,083,345,320 + 0.3 % 1586 12.06635 ฿ 2006.65235 752503.14 15101.11 $
99 (on 2018/12/12) 280,856,398,317 + 0.3 % 1617 12.03314 ฿ 2018.68549 767933.2 15430.06 $
100 (on 2018/12/24) 281,609,006,751 + 0.3 % 1650 12.00098 ฿ 2030.68647 783699.45 15766.25 $
24 | P a g e
101 (on 2019/01/05) 282,341,652,568 + 0.3 % 1683 11.96984 ฿ 2042.6563 799809.26 16109.81 $
102 (on 2019/01/17) 283,054,809,752 + 0.3 % 1716 11.93968 ฿ 2054.59598 816270.14 16460.88 $
103 (on 2019/01/29) 283,748,944,241 + 0.2 % 1751 11.91047 ฿ 2066.50645 833089.75 16819.61 $
104 (on 2019/02/10) 284,424,513,865 + 0.2 % 1786 11.88218 ฿ 2078.38863 850275.87 17186.12 $
105 (on 2019/02/22) 285,081,968,300 + 0.2 % 1821 11.85478 ฿ 2090.24341 867836.44 17560.57 $
106 (on 2019/03/06) 285,721,749,036 + 0.2 % 1858 11.82823 ฿ 2102.07164 885779.55 17943.11 $
107 (on 2019/03/18) 286,344,289,357 + 0.2 % 1895 11.80252 ฿ 2113.87416 904113.43 18333.88 $
108 (on 2019/03/30) 286,950,014,341 + 0.2 % 1933 11.7776 ฿ 2125.65176 922846.47 18733.04 $
109 (on 2019/04/11) 287,539,340,864 + 0.2 % 1972 11.75346 ฿ 2137.40523 941987.22 19140.75 $
110 (on 2019/04/23) 288,112,677,619 + 0.2 % 2011 11.73008 ฿ 2149.1353 961544.39 19557.17 $
111 (on 2019/05/05) 288,670,425,149 + 0.2 % 2051 11.70741 ฿ 2160.84271 981526.85 19982.46 $
112 (on 2019/05/17) 289,212,975,881 + 0.2 % 2092 11.68545 ฿ 2172.52816 1001943.65 20416.8 $
113 (on 2019/05/29) 289,740,714,179 + 0.2 % 2134 11.66416 ฿ 2184.19232 1022804.01 20860.36 $
114 (on 2019/06/10) 290,254,016,394 + 0.2 % 2177 11.64354 ฿ 2195.83586 1044117.31 21313.3 $
115 (on 2019/06/22) 290,753,250,936 + 0.2 % 2220 11.62354 ฿ 2207.45941 1065893.13 21775.82 $
116 (on 2019/07/04) 291,238,778,334 + 0.2 % 2265 11.60417 ฿ 2219.06357 1088141.22 22248.09 $
117 (on 2019/07/16) 291,710,951,323 + 0.2 % 2310 11.58538 ฿ 2230.64896 1110871.52 22730.3 $
118 (on 2019/07/28) 292,170,114,918 + 0.2 % 2356 11.56718 ฿ 2242.21613 1134094.17 23222.65 $
119 (on 2019/08/09) 292,616,606,506 + 0.2 % 2403 11.54953 ฿ 2253.76566 1157819.49 23725.32 $
120 (on 2019/08/21) 293,050,755,934 + 0.1 % 2451 11.53242 ฿ 2265.29808 1182058.02 24238.53 $
121 (on 2019/09/02) 293,472,885,612 + 0.1 % 2500 11.51583 ฿ 2276.81391 1206820.48 24762.46 $
122 (on 2019/09/14) 293,883,310,603 + 0.1 % 2550 11.49975 ฿ 2288.31365 1232117.81 25297.33 $
123 (on 2019/09/26) 294,282,338,733 + 0.1 % 2601 11.48415 ฿ 2299.7978 1257961.16 25843.35 $
124 (on 2019/10/08) 294,670,270,697 + 0.1 % 2653 11.46903 ฿ 2311.26684 1284361.9 26400.74 $
125 (on 2019/10/20) 295,047,400,160 + 0.1 % 2707 11.45437 ฿ 2322.72121 1311331.62 26969.72 $
126 (on 2019/11/01) 295,414,013,875 + 0.1 % 2761 11.44016 ฿ 2334.16137 1338882.13 27550.51 $
127 (on 2019/11/13) 295,770,391,792 + 0.1 % 2816 11.42637 ฿ 2345.58775 1367025.48 28143.35 $
128 (on 2019/11/25) 296,116,807,171 + 0.1 % 2872 11.41301 ฿ 2357.00075 1395773.94 28748.46 $
129 (on 2019/12/07) 296,453,526,696 + 0.1 % 2930 11.40004 ฿ 2368.4008 1425140.03 29366.09 $
130 (on 2019/12/19) 296,780,810,593 + 0.1 % 2988 11.38747 ฿ 2379.78827 1455136.52 29996.49 $
131 (on 2019/12/31) 297,098,912,747 + 0.1 % 3048 11.37528 ฿ 2391.16355 1485776.41 30639.89 $
132 (on 2020/01/12) 297,408,080,814 + 0.1 % 3109 11.36346 ฿ 2402.52701 1517072.98 31296.57 $
133 (on 2020/01/24) 297,708,556,342 + 0.1 % 3171 11.35199 ฿ 2413.87899 1549039.75 31966.77 $
134 (on 2020/02/05) 298,000,574,889 + 0.1 % 3235 11.34086 ฿ 2425.21985 1581690.51 32650.76 $
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135 (on 2020/02/17) 298,284,366,136 + 0.1 % 3299 11.33007 ฿ 2436.54993 1615039.33 33348.82 $
136 (on 2020/02/29) 298,560,154,006 + 0.1 % 3365 11.31961 ฿ 2447.86953 1649100.54 34061.21 $
137 (on 2020/03/12) 298,828,156,780 + 0.1 % 3433 11.30945 ฿ 2459.17899 1683888.77 34788.23 $
138 (on 2020/03/24) 299,088,587,215 + 0.1 % 3501 11.29961 ฿ 2470.47859 1719418.93 35530.16 $
139 (on 2020/04/05) 299,341,652,653 + 0.1 % 3571 11.29005 ฿ 2481.76865 1755706.22 36287.29 $
140 (on 2020/04/17) 299,587,555,141 + 0.1 % 3643 11.28079 ฿ 2493.04943 1792766.14 37059.92 $
141 (on 2020/04/29) 299,826,491,540 + 0.1 % 3715 11.2718 ฿ 2504.32123 1830614.49 37848.35 $
142 (on 2020/05/11) 300,058,653,640 + 0.1 % 3790 11.26308 ฿ 2515.58431 1869267.4 38652.91 $
143 (on 2020/05/23) 300,284,228,269 + 0.1 % 3866 11.25461 ฿ 2526.83892 1908741.3 39473.9 $
144 (on 2020/06/04) 300,503,397,405 + 0.1 % 3943 11.24641 ฿ 2538.08533 1949052.95 40311.65 $
145 (on 2020/06/16) 300,716,338,279 + 0.1 % 4022 11.23844 ฿ 2549.32377 1990219.45 41166.5 $
146 (on 2020/06/28) 300,923,223,490 + 0.1 % 4102 11.23072 ฿ 2560.55449 2032258.22 42038.77 $
147 (on 2020/07/10) 301,124,221,104 + 0.1 % 4184 11.22322 ฿ 2571.77771 2075187.04 42928.82 $
148 (on 2020/07/22) 301,319,494,763 + 0.1 % 4268 11.21595 ฿ 2582.99365 2119024.03 43836.99 $
149 (on 2020/08/03) 301,509,203,782 + 0.1 % 4353 11.20889 ฿ 2594.20254 2163787.68 44763.65 $
150 (on 2020/08/15) 301,693,503,256 + 0.1 % 4440 11.20204 ฿ 2605.40459 2209496.84 45709.16 $
151 (on 2020/08/27) 301,872,544,158 + 0.1 % 4529 11.1954 ฿ 2616.59998 2256170.73 46673.89 $
152 (on 2020/09/08) 302,046,473,434 + 0.1 % 4620 11.18895 ฿ 2627.78894 2303828.96 47658.23 $
153 (on 2020/09/20) 302,215,434,102 + 0.1 % 4712 11.1827 ฿ 2638.97163 2352491.52 48662.56 $
154 (on 2020/10/02) 302,379,565,347 + 0.1 % 4806 11.17663 ฿ 2650.14826 2402178.79 49687.27 $
155 (on 2020/10/14) 302,539,002,613 + 0.1 % 4903 11.17074 ฿ 2661.31899 2452911.57 50732.78 $
156 (on 2020/10/26) 302,693,877,694 + 0.1 % 5001 11.16502 ฿ 2672.48401 2504711.07 51799.5 $
157 (on 2020/11/07) 302,844,318,824 + 0 % 5101 11.15947 ฿ 2683.64349 2557598.91 52887.84 $
158 (on 2020/11/19) 302,990,450,767 + 0 % 5203 11.15409 ฿ 2694.79758 2611597.14 53998.23 $
159 (on 2020/12/01) 303,132,394,898 + 0 % 5307 11.14887 ฿ 2705.94645 2666728.26 55131.12 $
160 (on 2020/12/13) 303,270,269,295 + 0 % 5413 11.1438 ฿ 2717.09025 2723015.21 56286.95 $
161 (on 2020/12/25) 303,404,188,817 + 0 % 5521 11.13888 ฿ 2728.22913 2780481.38 57466.17 $
overall
mine + sell (weekly payout) 2728.23 ฿ 2780481.38 $
mine + hold (final payout) 2728.23 ฿ 14417532.04 $

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Business-Plan 3 million

  • 1. 1 | P a g e BTC Digital Mining Business Plan BusinessName:BTCDigital Mining
  • 2. 2 | P a g e Name:Garth StevensCEO ID Number:9002135149083 Contact numbers:+27 73 335 9263
  • 3. 3 | P a g e Table of Contents: 1. Executive Summary Page 4 2. General CompanyDescription Page 5 3. The Opportunity,Industry&Market Page 6 4. Strategy Page 6 5. BusinessModel Page 6 6. Team – Management&Organisation Page 9 7. Operational Plan Page 9 8. Appendix Page 13  5 yearfinancial projections  CV  Business andterminology explanation
  • 4. 4 | P a g e 2. Executive Summary What is Bitcoinand Altcoin? Bitcoinsor Alternative coins(altcoins)forshortisa revolutionarydigital currencyalsoknownascryptocurrency.Itssol e purpose wasto give the freedomandcontrol of transactiontoanyone, anywhere inthe worldwithoutthe needfora middle man(PayPal).Itcan be sentto anyone at anytime withanygivenamount,withthe simple use of abitcoinwallet and the receiversuniquelygeneratedwalletaddress.Itisthe mostsecure andsafestmeansof sendingandreceiving money(bitcoin) throughthe meansof online transactionsie (eft).Itisalsoacceptedasa meansof paymentinover 750000 retail storesworldwide andacceptedinover1,500,000 on line retailerstheseinclude butare notlimitedto (Dell,Amazon,Newegg,Microsoft,Apple andmanymore) itisalsotradedon the local forex exchange andcanbe convertedfrombitcointoanyform of currency anddepositedstraightintoyourbankaccount. Where do bitcoinscome from? We will gomore in-depthaboutthisonthe sectionabout miningwhichinthisinvestmentproposal isourreasonfor financial success,buthere’saverysimple explanation:Some usersputtheircomputerstoworkverifyingtransactionsin the peer-to-peernetworkmentionedabove.These usersare rewardedwithnewbitcoinsproportional tothe amountof computingpower(hashrate persecond) theydonate tothe network. Whocontrols Bitcoin? As we mentionedabove,thereisnocentral personorcentral authorityincharge of Bitcoin.Variousprogrammers donate theirtime developingthe opensource Bitcoinsoftware andcanmake changessubjecttothe approval of lead developerGavinAndresen.The individual minersthenchoose whethertoinstall the new versionof the software orstick to the oldone,essentially“voting”withtheirprocessingpower.Itisinthe miners’bestinteresttoonlyacceptchanges that are goodfor the Bitcoincurrencyinthe longrun.These checksand balancesmake itimpossible foranyone to manipulate Bitcoin. What is bitcoinmining? Miningisthe termusedforrunninga seriesof calculationsonspeciallydesignedpurpose builthardware toverifythe transactionsthattake place inthe Bitcoinnetwork.The speciallydesignedpurpose builthardware runs100% more efficientthanstandardcomputersandhave a 78% decrease onpowerconsumptionthananyother productsoutthere. Abouteverytenminutes,anewblockof transactiondatais createdandthe minerswhocreatedthe blockare awarded inbitcoins/altcoinsgiventhe amountof hashingpowertheycontributedtosolvingthe algorithm.Thisinturnmeans the higheryourprocessingcapabilitiesorhashrate the biggerthe rewardforsolvingthe algorithmyoureceive foreach blockverified.Thisservesthe bitcoinnetworkbothasa systemto verifytransactionsandasa systemforfairly distributingnew bitcoins.The average userwill take yearstogenerate anyprofitinthe miningof bitcoinbutwiththe investmentof (3MillionRand) we will holdone of the highestpercentage of hashingpowerroughingaround5500 TH/s whichequalsto 55,000,000,000,000,000 hash’spersecond,inturn givingusthe sole abilitytomine withstaggering affectsfromthe outsetresultinginthe followingpredictions.
  • 5. 5 | P a g e R 3,000,000.00 yieldsusthe followingestimated grossprofitminingbitcoin:  CurrentBitcoinvalue R3293.97  Dailyminingincome R12003.99  Weeklyminingincome R84258.82  Monthlyminingincome R365,121.59  Yearlyminingincome R4,381,458.70 These figuresare basedonthe nextdifficultyratingandcurrentdollartorand exchange rate for bitcoin,andwe will be miningseveral differentcoinsgivingusa0% riskof failure andyieldingusapotential 200% returnafterthe firstyearof miningproductions.Alsowithasetamountof revenue returningintothe companyeachmonthtoincrease hashing power/productionrateswith600 more miningunitsbythe endof yearone,we will see asteadilyincreaseof rewardper algorithmresultinginanendof yeartwo estimatedgrossyearlyprofit of R 3. General CompanyDescription BTC Digital Miningisa LLC type entity,withsole ownershipfallingtothe founderandcreatorof BTC Digital MiningGarth StevensCEO.Currently BTCDigital Miningisstill inthe earlystagesof start-upawaitingforthe firstpotential investorto grant the fundsneededtoprogresstoa well-developedandwell-structuredindustryleadingCryptoCurrencymining organisation. The missionof BTC Digital Miningseekingthisinvestmentisforthe miningof bitcoin/altcoinsalsoknownas CryptoCurrenciesusingspeciallydesignedhardware andsoftware knownasASICsandCGminer.We will be settingupa Digital miningfarmdatacentre whichwill be the firstof its kindand size inSouthAfricaforthe sole purpose forbeing rewardedforthe use of ourprocessingpowersforsolvingalgorithmswithinthe cryptocurrencyblockchain. The amount investedwill be usedinthe procurementof the specializedASICminers fromthe leadingindustry developers,the needednetworkswitchesforlinkingthe hardware together.All the neededmiscellaneouscomponents such as the Ethernetcables,PDUsupplyadapters,central control PC,mountingracks,coolingequipment,Optimal miningfacilityandthe first2years runningcosts(Electricity,Hardware Maintenance,Facilityrental costsetc) Our goal is to mine several differentcryptocoins whichwill be tradeddailyonthe crypocurrencytodollarexchange for max profitabilitygivingusa control inthe marketas one of the wealthiestminingfarmsinthe worldandwe will be increasingourminingproductioneachmonthwithasetamountof revenue beingusedinthe purchasing of more mininghardware toincrease overall hashing/solvingpowereachmonth. We will alsobe workingtowardsinvestmentinotherformsof electricity(solarpower,Windturbines) tosave onoverall runningcostsand increase onoverall profitmarginsandinturndecreasingonour global warmingfootprint. Creatingnumerousjobopportunitiesforlocals andforeignersaliketohelpcontribute to decreasingunemployment rates. Our aimis to getour investor/sonboardandinvestedassoonas possible tostartgeneratingaprofitinmining2 weeks afterreceivinginitial investment funds.
  • 6. 6 | P a g e 4. The Opportunity,Industry & Market The opportunitypresentedinfrontof youhas come forthdue to the lack of knowledge andrequiredfundinginthe average humanbeing, tobe able to create a successful large scale miningoperationsandtothe everincreasingdemand for miners forthe solvingof the transactionstakingplace inthe digital currencynetwork andinthe solvingof the block chainalgorithmstocreate more bitcoinstofeedthe evergrowingneedin the marketwithover4millionusers worldwide,75000 retail storesandall majoronline retailersacceptingbitcoin(Dell,Microsoft,Google,Amazon,Ebay, Apple)etc. Havingreceivedthe investmentwe willbe tappingintoaniche inthe marketand with the size andscale of ourmining farm andeverincreasinghardware monthaftermonth we will be controlling ahuge stake inthe markets. Generatinga substantial amountof bitcoinsonadailybasisto be exchange onthe markets. 5. Strategy To insure oursuccessin the bitcoinminingindustrywe will be miningnumerousdifferentcryptocoinsgivingusthe best possible profitona dailybasiswhenwe exchange ourrewardedcoins todollars.We will alsoreinvestasetamountof revenue backintothe business eachmonthforthe purchasingof more mininghardware thusincreasingouroverall hashingpowerona monthlybasisincreasingourdailyprofitoutput. To furthermore increase ournetprofitwe will be investinginotherformsof electricitytobringdownouroverall running costs andincreasingonour daily,weekly,monthly,andyearly,profitmargins.Iwillalsobe marketingbitcoinformsof paymenttoall major and minorretail andfoodestablishmentsaroundsouthAfricagivingbitcoinamore controll ing marketincrease the use of bitcointhusincreasingthe value of bitcoinoverall andgivingusmore blocksandtransactions to be mined 6. BusinessModel The main source of our revenue willcome fromthe exchangingof ourbitcoins/altcoinstodollaronthe cryptocoin exchange markets.Thisisdone withthe aidof a bitcoinwalletwhichisfree toall userstodownload.Whatthiswallet essentiallymeansisthatitgive youa digital walletthatisstoredonyour pc, laptopor smartphone thatallowsyouto transferyourcoinsto otherusersas forms of paymentsorto the exchange networktosell orexchange fordollars which isthentransferredtothe businessaccount. The major cost inbeingable togenerate the revenue will come inthe formof the initial investmentforthe purchase of the ASICminersand start-upof the miningoperation.Thiswill insurethe profitabilityof the operationthroughgivingme the ability toinvestina substantial amountof ASICminersinsuringahuge generationof profitfromthe firstdayof mining. The profitability inthe operationcanbe seeninthe diagram below showingyouwhatthe expectedprofitability will be for the firstyearof miningonan investmentof 3 MillionRand givingussuchsaid netprofit
  • 7. 7 | P a g e jump difficulty usd/btc ฿ revenue (excl. power) ฿ total $ total $ revenue (incl. power) 1 (on 2015/09/23) 59,335,351,234 + 5 % 232 0 ฿ 0 0 0 $ 2 (on 2015/10/05) 62,215,708,090 + 4.9 % 237 54.32042 ฿ 54.32042 8837.34 8837.34 $ 3 (on 2015/10/17) 65,147,921,686 + 4.7 % 242 51.87554 ฿ 106.19596 17341.26 8503.92 $ 4 (on 2015/10/29) 68,128,900,544 + 4.6 % 246 49.60572 ฿ 155.80168 25536.42 8195.16 $ 5 (on 2015/11/10) 71,155,482,830 + 4.4 % 251 47.49575 ฿ 203.29743 33445.64 7909.22 $ 6 (on 2015/11/22) 74,224,450,058 + 4.3 % 256 45.53194 ฿ 248.82938 41090.07 7644.43 $ 7 (on 2015/12/04) 77,332,540,477 + 4.2 % 262 43.70196 ฿ 292.53133 48489.35 7399.28 $ 8 (on 2015/12/16) 80,476,462,088 + 4.1 % 267 41.99468 ฿ 334.52601 55661.75 7172.4 $ 9 (on 2015/12/28) 83,652,905,203 + 3.9 % 272 40.40007 ฿ 374.92608 62624.28 6962.53 $ 10 (on 2016/01/09) 86,858,554,516 + 3.8 % 278 38.90904 ฿ 413.83513 69392.81 6768.53 $ 11 (on 2016/01/21) 90,090,100,610 + 3.7 % 283 37.51337 ฿ 451.3485 75982.19 6589.38 $ 12 (on 2016/02/02) 93,344,250,884 + 3.6 % 289 36.20559 ฿ 487.55409 82406.31 6424.12 $ 13 (on 2016/02/14) 96,617,739,860 + 3.5 % 295 34.97891 ฿ 522.533 88678.21 6271.9 $ 14 (on 2016/02/26) 99,907,338,831 + 3.4 % 300 33.82718 ฿ 556.36018 94810.13 6131.92 $ 15 (on 2016/03/09) 103,209,864,862 + 3.3 % 306 32.74477 ฿ 589.10495 100813.59 6003.46 $ 16 (on 2016/03/21) 106,522,189,105 + 3.2 % 313 31.72657 ฿ 620.83151 106699.47 5885.88 $ 17 (on 2016/04/02) 109,841,244,432 + 3.1 % 319 30.76789 ฿ 651.5994 112478.03 5778.56 $ 18 (on 2016/04/14) 113,164,032,398 + 3 % 325 29.86447 ฿ 681.46387 118158.97 5680.94 $ 19 (on 2016/04/26) 116,487,629,518 + 2.9 % 332 29.01238 ฿ 710.47625 123751.5 5592.53 $ 20 (on 2016/05/08) 119,809,192,889 + 2.9 % 338 28.20805 ฿ 738.6843 129264.36 5512.86 $ 21 (on 2016/05/20) 123,125,965,150 + 2.8 % 345 27.44818 ฿ 766.13247 134705.85 5441.49 $ 22 (on 2016/06/01) 126,435,278,821 + 2.7 % 352 26.72975 ฿ 792.86222 140083.89 5378.04 $ 23 (on 2016/06/13) 129,734,560,014 + 2.6 % 359 26.04999 ฿ 818.91221 145406.04 5322.15 $ 24 (on 2016/06/25) 133,021,331,566 + 2.5 % 366 25.40633 ฿ 844.31854 150679.52 5273.48 $ 25 (on 2016/07/07) 136,293,215,599 + 2.5 % 374 24.79642 ฿ 869.11495 155911.26 5231.74 $ 26 (on 2016/07/19) 139,547,935,540 + 2.4 % 381 24.21808 ฿ 893.33303 161107.89 5196.63 $ 27 (on 2016/07/31) 142,783,317,637 + 2.3 % 389 23.66932 ฿ 917.00235 166275.79 5167.9 $ 28 (on 2016/08/12) 145,997,291,984 + 2.3 % 396 23.14826 ฿ 940.15061 171421.12 5145.33 $ 29 (on 2016/08/24) 149,187,893,102 + 2.2 % 404 22.6532 ฿ 962.80381 176549.8 5128.68 $ 30 (on 2016/09/05) 152,353,260,088 + 2.1 % 412 22.18255 ฿ 984.98636 181667.56 5117.76 $ 31 (on 2016/09/17) 155,491,636,385 + 2.1 % 421 21.73482 ฿ 1006.72118 186779.94 5112.38 $ 32 (on 2016/09/29) 158,601,369,171 + 2 % 429 21.30866 ฿ 1028.02985 191892.33 5112.39 $ overall
  • 8. 8 | P a g e mine + hold (final payout) 1028.03 ฿ 316176.17 $ The followingfinancial predictionsforthe firstyearof miningare based onthe average increase of the miningdifficultyaswell asaverage fluctuationsandon the full initial investmentof 3 MillionRand.
  • 9. 9 | P a g e
  • 10. 10 | P a g e 7. Team – Management& Organisation Hi,I’m Garth StevensCEOand leaddeveloperandminingspecialistof the above Cryptocoinminingproposal.Ihave beenminingona small scale forseveral yearsnow,have full expertknowledgeof the digital miningindustry.Fully trainednetworkpenetrationspecialist,electronicandmechanical engineerplusahighrankedcomputingbackground. I will be the mainDirectorand Producerbehindthe settingupandrunningof the crypto mine.All maintenance will be performedandoverseenbyme,Iwill be on site 24/7 to insure we onlymine the mostprofitable cryptocoin24hoursa day. I have workedouteverycalculationandsimulationtoinsure thatthisinvestmentisfullproof witha0% riskof failure and to insure full initial investmentreturnwithinthe first3yearsof production.Creatingthe mostviable investment opportunityforanyand all interestedinvestors. 8. Operational Plan ASIC Mining An application-specificintegratedcircuit,orASIC,isa microchipdesignedandmanufacturedforaveryspecificpurpose. ASICsdesignedforBitcoinminingwere firstreleasedin2013. For the amountof powertheyconsume,theyare vastly fasterthan all previoustechnologiesevercreated.Theyare the backbone tobeingasuccessful bitcoin/altcoinminerand contribute tobillionsof dollarsbeingearnedeachyearminingcryptocurrencies. The ASIC hardware thatwill be usedisthe mostadvancedand energy efficienthardware availabletoday,withone unit beingcapable of processing5.5TH/s whichisthe equivalentof figuringout55,000,000,000,000 sumsa second. The ASICsusedwill be putto workminingthe followingCryptocoinsgivingusamarketedge and insuringavast yet stable income everyDayWeekMonthandYear. We will spreadoutthe hashingpowerdailyacrossseveral different coinsdeterminedbythe dayssetvalue of eachcoinagainstthe dollar,insuringwe generatethe mostprofitabilityinthe leastamountof time offeringthe greatestrewardforourinvestment. There are hundredsof coinsonthe marketbut we will be focusingonthe followingstipulatedbelow. Peercoin (PPC) $1,143.68 Daily profit Bitcoin (BTC) $1,127.39 Daily profit IllustrationOf ASIC miner
  • 11. 11 | P a g e Takcoin (TAK) $1,101.85 Daily profit Titcoin (TIT) $988.18 Daily profit UniversalCurrency (UNIT) $980.32 Daily profit HAMRadioCoin (HAM) $889.10 Daily profit Freicoin (FRC) $886.86 Daily profit Terracoin (TRC) $880.94 Daily profit Betacoin (BET) $800.94 Daily profit Mazacoin (MZC) $767.96 Daily profit The followingprofitmarginsare basedindollarsontoday’scurrentsetvaluesandwiththe investmentof (3Million Rand) and are the top 10 coinswe will be focusingonandwill be miningaccordingtothe mostprofitable daily predictions.
  • 12. 12 | P a g e The minerswill be operating andmanagedbyme 24 hoursa day in a purpose sourcedwarehouse inGautengSouth Africa.The ASICmininghardware will be sourcedfromspecialistcompaniesbasedinchinawithwhichIhave an upstandingbusiness relationshipwith.The investmentfundwill goforthe purchasingof the followingrequired componentstoinsure thatthe mine producesthe bestresultsfromthe outset. ASICminers – 140 units ASICPSU – 280 units PDU Bar – 14 units Central miningcontrol –2 unit ASICmountingrack – 50 units Ether cable plusfixings –10 units Patch panels – 10 units Temperature control –20 units EquipmentCosttotal – R 2,355,800.50 Balance of R 644199.50 will be allocatedforthe followingexpenses forthe first12 monthsrunningcosts. Warehouse rental Utilities  Electricity  Water Services  Airconditioning&Hardware cooling  Internetservices  General Maintenance &Upkeep Salaries  3 permanentstaff  Tempsas needed
  • 13. 13 | P a g e 10. Appendix What is CryptoCurrency? A digital currencyinwhichencryptiontechniquesare usedtoregulate the generationof unitsof currencyandverifythe transferof funds,operatingindependentlyof acentral bank. "DecentralizedCryptoCurrenciessuchasBitcoinnow provide anoutletforpersonal wealththatisbeyondrestrictionand confiscation" A cryptocurrency(orcrypto currency) isa mediumof exchange usingcryptographytosecure the transactionsandto control the creationof newunits.Cryptocurrenciesare asubsetof alternative currencies,orspecificallyof digital currencies.Bitcoinbecame the firstdecentralizedcryptocurrencyin2009. Since then,numerouscryptocurrencieshave beencreated.These are frequentlycalledaltcoins,asa blendof bitcoinalternative.Cryptocurrenciestypicallyfeature decentralizedcontrol (asopposedtoacentralizedelectronicmoneysystem,suchasPayPal) anda publicledger(suchas bitcoin'sblockchain) whichrecordstransactions. Cryptocurrencyisproducedbythe entire cryptocurrency systemcollectively,atarate whichisdefinedwhenthe system iscreatedand whichispubliclyknown.Incentralizedbankingandeconomicsystemssuchasthe Federal Reserve System,corporate boardsor governmentscontrol the supplyof currencybyprintingunitsof fiatmoneyordemanding additionstodigital bankingledgers.However,companiesorgovernmentscannotproduce unitsof cryptocurrencyandas such,have not so far providedbackingforotherfirms,banksorcorporate entitieswhichholdassetvalue measuredina decentralizedcryptocurrency.The underlyingtechnical systemuponwhichall cryptocurrenciesare now basedwas createdby the groupor individual knownasSatoshi Nakamoto. As of March 2015, hundredsof cryptocurrencyspecificationsexist;mostare similartoandderivedfromthe firstfully implementeddecentralizedcryptocurrency,bitcoin.Withincryptocurrencysystemsthe safety,integrityandbalance of ledgersismaintainedbyacommunityof mutuallydistrustful partiesreferredto asminers:membersof the general publicusingtheircomputerstohelpvalidateandtimestamptransactionsaddingthemtothe ledgerinaccordance with a particulartime stampingscheme. The securityof cryptocurrencyledgersisbasedonthe assumptionthatthe majorityof minersare honestlytryingto maintainthe ledger,havingfinancialincentivetodoso. Most cryptocurrenciesare designedtograduallydecrease productionof currency,placinganultimate caponthe total amountof currencythat will everbe incirculation.Thiscanmimicthe scarcity(andvalue) of preciousmetalsandavoid hyperinflation.Comparedwithordinarycurrenciesheldbyfinancial institutionsorkeptas cash onhand, cryptocurrenciesare lesssusceptible toseizure bylaw enforcement. What is Bitcoinand Altcoins? Bitcoinisa paymentsysteminventedbySatoshi Nakamoto,whopublishedthe inventionin2008 and releaseditas open-source software in2009. The systemispeer-to-peer;userscantransact directlywithoutneedinganintermediary. Transactionsare verifiedbynetworknodesandrecordedina publicdistributedledgercalledthe blockchain.The ledger usesitsownunitof account,also calledbitcoin.The systemworkswithoutacentral repositoryorsingle administrator, whichhas ledthe US Treasuryto categorize itas a decentralizedvirtual currency.Bitcoinisoftencalledthe first cryptocurrency,althoughpriorsystemsexisted.Bitcoinismore correctlydescribedasthe firstdecentralizeddigital currency.It isthe largestof itskindintermsof total marketvalue. Bitcoinsare createdas a reward forpaymentprocessingworkinwhichusersoffertheircomputingpowertoverifyand record paymentsintothe publicledger.Thisactivityiscalledminingandthe minersare rewardedwithtransactionfees and newlycreatedbitcoins.Besidesmining,bitcoinscanbe obtainedinexchange fordifferentcurrencies,products,and services.Userscansendand receive bitcoinsforanoptional transactionfee. Bitcoinas a formof paymentforproductsand services hasgrown,andmerchantshave an incentive toacceptitbecause feesare lowerthanthe 2–3% typicallyimposedbycreditcardprocessors.Unlike creditcards,anyfeesare paidby the purchaser,notthe vendor.
  • 14. 14 | P a g e Block chain The blockchain isa publicledgerthatrecordsbitcointransactions.A novel solutionaccomplishesthiswithoutany trustedcentral authority:maintenanceof the blockchainisperformedbyanetworkof communicatingnodesrunning bitcoinsoftware.Transactionsof the formpayerX sendsY bitcoinstopayee Z are broadcast to thisnetworkusing readilyavailable software applications.Networknodescanvalidatetransactions,addthemtotheircopyof the ledger, and thenbroadcastthese ledgeradditionstoothernodes.The blockchainisa distributeddatabase;inorderto independentlyverifythe chainof ownershipof anyandeverybitcoin(amount),eachnetworknode storesitsowncopy of the blockchain.Approximatelysixtimesperhour,anew groupof acceptedtransactions,ablock,iscreated,addedto the blockchain,and quicklypublishedtoall nodes.Thisallowsbitcoinsoftware todeterminewhenaparticularbitcoin amounthas beenspent,whichisnecessaryinordertopreventdouble-spendinginanenvironmentwithoutcentral oversight.Whereasaconventional ledgerrecordsthe transfersof actual billsorpromissorynotesthatexistapartfrom it,the blockchainisthe onlyplace thatbitcoinscanbe saidto existinthe formof unspentoutputsof transactions. Units The unitof account of the bitcoinsystemisbitcoin.Asof 2014, symbolsusedtorepresentbitcoinare BTC.Small amountsof bitcoinusedas alternative unitsare millibitcoin(mBTC),microbitcoin(µBTC),andsatoshi.Namedinhomage to bitcoin'screator,a satoshi isthe smallestamountwithinbitcoinrepresenting0.00000001 bitcoin,one hundred millionthof abitcoin.A millibitcoinequalsto0.001 bitcoin,whichisone thousandthof bitcoin.One microbitcoinequals to 0.000001 bitcoin,whichisone millionthof bitcoin.A microbitcoinissometimesreferredtoasa bit. On 7 October 2014, the BitcoinFoundationdisseminatedaplantoapplyfor an ISO4217 currencycode forbitcoinand mentionedBTCandXBT as the leadingcandidates. Ownership Simplifiedchainof ownership.Inreality,atransactioncanhave more than one inputandmore thanone output. Ownershipof bitcoinsimpliesthatausercan spendbitcoinsassociatedwithaspecificaddress.Todoso, a payermust digitallysignthe transactionusingthe correspondingprivate key.Withoutknowledge of the private key,the transaction cannot be signedandbitcoinscannotbe spent.The networkverifiesthe signature usingthe publickey.If the private key islost,the bitcoinnetworkwill notrecognizeanyotherevidence of ownershipthe coinsare thenunusable,andthus effectivelylost.Forexample,in2013 one usersaid he lost7,500 bitcoins,worth$7.5 millionatthe time,whenhe discardeda harddrive containinghisprivate key. Transactions A transactionmusthave one or more inputs.For the transactionto be valid,everyinputmustbe anunspentoutputof a previoustransaction.Everyinputmustbe digitallysigned.The use of multipleinputscorrespondstothe use of multiple coinsina cash transaction.A transactioncan alsohave multiple outputs,allowingone tomake multiple paymentsinone go. A transactionoutputcan be specifiedasan arbitrarymultiple of satoshi.Asina cash transaction,the sumof inputs (coinsusedtopay) can exceedthe intendedsumof payments.Insuchcase,an additional outputisused,returningthe change back to the payer.Anyinputsatoshisnotaccountedforin the transactionoutputsbecome the transactionfee. To sendmoneytoa bitcoinaddress,users canclicklinksonwebpages;thisisaccomplishedwithaprovisional bitcoinURI scheme usingatemplate registeredwithIANA.Bitcoinclientslike ElectrumandArmorysupportbitcoinURIs.Mobile clientsrecognize bitcoinURIsinQR codes,sothat the userdoesnot have to type the bitcoinaddressandamountin manually.The QRcode isgeneratedfromthe userinputbasedonthe paymentamount.The QR code isdisplayedonthe mobile devicescreenandcanbe scannedby a secondmobile device.
  • 15. 15 | P a g e Mining Relative miningdifficultyfrom9January2009 to 31 December2014 (the difficultyscale islogarithmic).Relativemining difficultyisdefinedasthe ratiobetweenthe difficultytargeton9 January2009 and the currentdifficultytarget. Miningisa record-keepingservice.Minerskeepthe blockchainconsistent,complete,andunalterable byrepeatedly verifyingandcollectingnewlybroadcasttransactionsintoanew groupof transactionscalledablock.A newblock containsinformationthat"chains"ittothe previousblockthusgivingthe blockchainitsname.Itis a cryptographichash of the previousblock,usingthe SHA-256hashingalgorithm. In orderto be acceptedby the restof the network,anew blockmust containa so-calledproof-of-work.The proof-of workrequiresminerstofindanumbercalledanonce,such that whenthe blockcontentishashedalongwiththe nonce, the resultisnumericallysmallerthanthe network'sdifficultytarget.Thisproof iseasyforanynode inthe networkto verify,butextremelytime-consumingtogenerate,asfora secure cryptographichashminersmusttry manydifferent nonce values(usuallythe sequence of testedvaluesis0,1, 2, 3, ...before meetingthe difficultytarget. Every2016 blocks(approximately14days),the difficultytargetisadjustedbasedonthe network'srecentperformance, withthe aimof keepingthe average time betweennew blocksattenminutes.Inthiswaythe systemautomatically adaptsto the total amountof miningpoweronthe network.Forexample,between1March 2014 and 1 March 2015, the average numberof nonce minershadto try before creatinganew blockincreasedfrom16.4 quintillionto200.5 quintillion. The proof-of-worksystem, alongside the chainingof blocks,makesmodificationsof the blockchainextremelyhardasan attackermust modifyall subsequentblocksinorderforthe modificationsof one blocktobe accepted.Asnewblocksare minedall the time,the difficultyof modifyingablockincreasesastime passesandthe numberof subsequentblocks (alsocalledconfirmationsof the givenblock) increases. Practicalities It has become commonforminerstojoinorganizedminingpools,whichcombine the computational resourcesof their membersinorderto increase the frequencyof generatingnew blocks.The rewardforeachblockisthensplit proportionatelyamongthe members,creatingamore predictable streamof income foreachminerwithoutnecessarily changingtheirlong-termaverage income,althoughafee maybe chargedfor the service. The rewardsof mininghave ledtoever-more-specializedtechnologybeingutilized.The mostefficientmininghardware makesuse of custom designedapplication-specificintegratedcircuits,whichoutperformgeneral purposeCPUswhile usinglesspower.Asof 2015, a minerwhoisnot usingpurpose-builthardware isunlikelytoearnenoughto coverthe cost of the electricityusedintheirefforts,evenif theyare amemberof a pool. Supply The successful minerfindingthe newblockisrewardedwithnewlycreatedbitcoinsandtransactionfees.Asof 28 November2012, the rewardamountedto25 newlycreatedbitcoinsperblockaddedtothe blockchain.To claimthe reward,a special transactioncalledacoinbase isincludedwiththe processedpayments.All bitcoinsincirculationcanbe traced back tosuch coinbase transactions.The bitcoin protocol specifiesthatthe rewardforaddinga blockwill be halvedapproximatelyeveryfouryears.Eventually,the rewardwill be removedentirelywhenanarbitrarylimitof 21 millionbitcoinsisreachedthe year2140 givingus124 years of successful mining,andrecordkeepingwill thenbe rewardedbytransactionfeessolely. Example ofMining Farm
  • 16. 16 | P a g e Transaction fees Payinga transactionfee isoptional,butmayspeedupconfirmationof the transaction.Payershave anincentive to include suchfeesbecause doingsomeanstheirtransactionismore likelytobe addedtothe blockchainsooner;miners can choose whichtransactionstoprocessand prioritize those thatpayhigherfees.Feesare basedonthe storage size of the transactiongenerated,whichinturnisdependenton the numberof inputsusedtocreate the transaction. Furthermore,priorityisgiventoolderunspentinputs. A walletstoresthe informationnecessarytotransactbitcoins.While walletsare oftendescribedasa place toholdor store bitcoins,due tothe nature of the system,bitcoinsare inseparable fromthe blockchaintransactionledger.Perhaps a betterwayto describe awalletissomethingthat"storesthe digital credentialsforyourbitcoinholdings"andallows youto access (andspend) them.Bitcoinusespublic-keycryptography,inwhichtwocryptographickeys,one publicand one private,are generated.Atitsmostbasic,a walletisa collectionof these keys. There are several typesof wallet.Software walletsconnecttothe networkandallow spendingbitcoinsinadditionto holdingthe credentialsthatprove ownership.Internetservicescalledonlinewalletslike Blockchain.info,Circle,Coinbase or CoinCorneroffersimilarfunctionalitybutmaybe easiertouse;inessence,bitcoincredentialsare storedwiththe online walletproviderratherthanonthe user's hardware.Physical walletsalsoexistandare more secure,astheystore the credentialsnecessarytospendbitcoinsoffline.Examplescombineanoveltycoinwiththese credentialsprintedon metal,wood,orplastic.Othersare simplypaperprintouts.Anothertype of walletcalledahardware walletkeeps credentialsoffline whilefacilitatingtransactions.
  • 17. 17 | P a g e Garth Stevens Highperformance specialist, Sitedemolitionsupervisor, Cryptocoinminer EXECUTIVE SUMMARY: I startedmy careerat the age of 14, I openedagamesconsole repairshopfromhome,buying,fixingandsellinggaming equipment.Atthe age of 16 I thenopenedupa constructioncompanywithmy dadin the UK under“T N G CONSTRUCTION & TECHNICALSERVICES”December2006 – March 2013. In betweenworkingIwasstudyingandgot16 accreditedqualificationsrangingfromGCSE’stoNVQ’s2008 - 2012. Aftercollage Ireturnedto“T N G CONSTRUCTIONS& TECHNICALSERVICES”full time. March 2013 I thendecidedtoimmigrate toSouthAfricafromthe UK. Once here I thenstartedworkingformyself buyingandsellingcarstomake a living,Ithenprogressedtobecominga performance specialist,specialisinginthe modificationof carsforthe purpose of drag racing,streetracing,track racing and or justgeneral performance enhancements.Ithenstarteddigital miningcryptocurrencyaswell asworkingparttime withmystepdad doinglogistics“EASTCOASTLOGISTICS”whilstcontinuingwiththe carmodificationandpersonal digital miningoperation. I thengot offeredapositionasa demolitionsite manager/supervisorat“CAPESTATION DEMOLITIONS”. My responsibility’sincluded,butnotlimitedto:  Buying,fixing, sellinggamingequipment.  Supervisingsites.  Managing staff members.  Buyingandsellingcars.  Plumbing.  Electrical.  Carpentry.  Tilling.  Flooring.  Networkmanagement  Digital coinmining  Software development  Hardware engineering My Skills Include:  EXCELLENT ELECTRONIC AND MECHANICAL SKILLS  NETWORK PENETRATION TESTING  LINUX CODING  MICROSOFT CODING  ELECTRONICAL AND MECHANICAL ENGINEERING  COMMUNICATIONAL SKILLS  DOCUMENT PREPARATION AND CONTROL  GENERAL BOOKKEEPING  ADMINISTRATION EXPIERENCE  ACCOUNTS PAYABLE  GENERAL MERCHANDISE AND SALES  DAILY APPOINTMENT BOOKINGS  STRONG ORGANISATIONAL SKILLS
  • 18. 18 | P a g e Personal Attributes:  HONEST, TRUSTWORTHY, RESPECTFUL, CONFIDENT AND INNOVATIVE  ALWAYS DEMONSTRATING SOUND WORK ETHICS  EFFECTIVE VERBAL AND LISTENING SKILLS Personal Details: Last Name : Stevens First Names : Garth Gender : Male Residential Area : 105 Rusoord 31 Beach Road, Amanzimtoti, KZN,4126 Marital Status : Single Dependents : None ID Number : 9002135149083 Nationality : South African Citizen Criminal Offence : None Health : Excellent Transport : Code 14 Languages : English and Afrikaans,Read and Write Mobile Number : +27 (0) 73 335 9263 E-mail : gdswagger@gmail.com
  • 19. 19 | P a g e Educational History: Last School Attended : Norlington School for Boys London UK Year completed : 2006 Level Attended : GCSE’s equivalentto Matric,Grade 12 Subjects  Maths  Science  Geography  Graphic designs  English  Biology  History  P.E  Consumer studies  Computer Science Employment History: Company : T N G CONSTRUCTION TECHNICAL SERVICES Period : December 2006 – March 2013 Company : BOOST ISSUE PERFORMANCE Period : April 2013 – DECEMBER 2014 Company : BTC Digital Mining Period : June 2014 – current Company : CAPE STATION DEMOLITIONS Period : March 2015 – July 2015 Motivation for change : I love a challengewith the rightamount of rewards,a fierce competitor determined to reach any goal and accomplish anythingI putmy mind to. I’m a firm believer in the theory of “you need to believe in order to achieve”.
  • 20. 20 | P a g e Employment References: 1. T N G CONSTRUCTION TECHNICAL SERVICES Garth Stevens (CEO) : 073 335 9263 2. EAST COAST LOGISTICS Garth Stevens : 073 335 9263 3. BOOST ISSUE PERFORMANCE Garth Stevens (CEO) : 073 335 9263 4. CAPE STATION DEMOLITIONS Robert Flynn (CEO) : 073 073 9468
  • 21. 21 | P a g e jump difficulty usd/btc ฿ revenue (excl. power) ฿ total $ total $ revenue (incl. power) 1 (on 2015/09/23) 59,335,351,234 + 5 % 232 0 ฿ 0 0 0 $ 2 (on 2015/10/05) 62,215,708,090 + 4.9 % 237 54.32042 ฿ 54.32042 8837.34 8837.34 $ ++ BREAK EVEN - reached ROI with 8837.34 USD return on USD invest ++ 3 (on 2015/10/17) 65,147,921,686 + 4.7 % 242 51.87554 ฿ 106.19596 17341.26 8503.92 $ 4 (on 2015/10/29) 68,128,900,544 + 4.6 % 246 49.60572 ฿ 155.80168 25536.42 8195.16 $ 5 (on 2015/11/10) 71,155,482,830 + 4.4 % 251 47.49575 ฿ 203.29743 33445.64 7909.22 $ 6 (on 2015/11/22) 74,224,450,058 + 4.3 % 256 45.53194 ฿ 248.82938 41090.07 7644.43 $ 7 (on 2015/12/04) 77,332,540,477 + 4.2 % 262 43.70196 ฿ 292.53133 48489.35 7399.28 $ 8 (on 2015/12/16) 80,476,462,088 + 4.1 % 267 41.99468 ฿ 334.52601 55661.75 7172.4 $ 9 (on 2015/12/28) 83,652,905,203 + 3.9 % 272 40.40007 ฿ 374.92608 62624.28 6962.53 $ 10 (on 2016/01/09) 86,858,554,516 + 3.8 % 278 38.90904 ฿ 413.83513 69392.81 6768.53 $ 11 (on 2016/01/21) 90,090,100,610 + 3.7 % 283 37.51337 ฿ 451.3485 75982.19 6589.38 $ 12 (on 2016/02/02) 93,344,250,884 + 3.6 % 289 36.20559 ฿ 487.55409 82406.31 6424.12 $ 13 (on 2016/02/14) 96,617,739,860 + 3.5 % 295 34.97891 ฿ 522.533 88678.21 6271.9 $ 14 (on 2016/02/26) 99,907,338,831 + 3.4 % 300 33.82718 ฿ 556.36018 94810.13 6131.92 $ 15 (on 2016/03/09) 103,209,864,862 + 3.3 % 306 32.74477 ฿ 589.10495 100813.59 6003.46 $ 16 (on 2016/03/21) 106,522,189,105 + 3.2 % 313 31.72657 ฿ 620.83151 106699.47 5885.88 $ 17 (on 2016/04/02) 109,841,244,432 + 3.1 % 319 30.76789 ฿ 651.5994 112478.03 5778.56 $ 18 (on 2016/04/14) 113,164,032,398 + 3 % 325 29.86447 ฿ 681.46387 118158.97 5680.94 $ 19 (on 2016/04/26) 116,487,629,518 + 2.9 % 332 29.01238 ฿ 710.47625 123751.5 5592.53 $ 20 (on 2016/05/08) 119,809,192,889 + 2.9 % 338 28.20805 ฿ 738.6843 129264.36 5512.86 $ 21 (on 2016/05/20) 123,125,965,150 + 2.8 % 345 27.44818 ฿ 766.13247 134705.85 5441.49 $ 22 (on 2016/06/01) 126,435,278,821 + 2.7 % 352 26.72975 ฿ 792.86222 140083.89 5378.04 $ 23 (on 2016/06/13) 129,734,560,014 + 2.6 % 359 26.04999 ฿ 818.91221 145406.04 5322.15 $ 24 (on 2016/06/25) 133,021,331,566 + 2.5 % 366 25.40633 ฿ 844.31854 150679.52 5273.48 $ 25 (on 2016/07/07) 136,293,215,599 + 2.5 % 374 24.79642 ฿ 869.11495 155911.26 5231.74 $ 26 (on 2016/07/19) 139,547,935,540 + 2.4 % 381 24.21808 ฿ 893.33303 161107.89 5196.63 $ 27 (on 2016/07/31) 142,783,317,637 + 2.3 % 389 23.66932 ฿ 917.00235 166275.79 5167.9 $ 28 (on 2016/08/12) 145,997,291,984 + 2.3 % 396 23.14826 ฿ 940.15061 171421.12 5145.33 $ 29 (on 2016/08/24) 149,187,893,102 + 2.2 % 404 22.6532 ฿ 962.80381 176549.8 5128.68 $ 30 (on 2016/09/05) 152,353,260,088 + 2.1 % 412 22.18255 ฿ 984.98636 181667.56 5117.76 $ 31 (on 2016/09/17) 155,491,636,385 + 2.1 % 421 21.73482 ฿ 1006.72118 186779.94 5112.38 $ 32 (on 2016/09/29) 158,601,369,171 + 2 % 429 21.30866 ฿ 1028.02985 191892.33 5112.39 $
  • 22. 22 | P a g e 33 (on 2016/10/11) 161,680,908,437 + 1.9 % 438 20.9028 ฿ 1048.93264 197009.95 5117.62 $ 34 (on 2016/10/23) 164,728,805,741 + 1.9 % 446 20.51604 ฿ 1069.44869 202137.89 5127.94 $ 35 (on 2016/11/04) 167,743,712,700 + 1.8 % 455 20.1473 ฿ 1089.59599 207281.1 5143.21 $ 36 (on 2016/11/16) 170,724,379,229 + 1.8 % 465 19.79555 ฿ 1109.39154 212444.42 5163.32 $ 37 (on 2016/11/28) 173,669,651,558 + 1.7 % 474 19.45984 ฿ 1128.85138 217632.58 5188.16 $ 38 (on 2016/12/10) 176,578,470,055 + 1.7 % 483 19.13927 ฿ 1147.99065 222850.22 5217.64 $ 39 (on 2016/12/22) 179,449,866,875 + 1.6 % 493 18.83302 ฿ 1166.82368 228101.89 5251.67 $ 40 (on 2017/01/03) 182,282,963,465 + 1.6 % 503 18.54031 ฿ 1185.36399 233392.06 5290.17 $ 41 (on 2017/01/15) 185,076,967,936 + 1.5 % 513 18.26042 ฿ 1203.62441 238725.12 5333.06 $ 42 (on 2017/01/27) 187,831,172,333 + 1.5 % 523 17.99266 ฿ 1221.61708 244105.42 5380.3 $ 43 (on 2017/02/08) 190,544,949,823 + 1.4 % 534 17.73641 ฿ 1239.35349 249537.23 5431.81 $ 44 (on 2017/02/20) 193,217,751,806 + 1.4 % 544 17.49106 ฿ 1256.84455 255024.78 5487.55 $ 45 (on 2017/03/04) 195,849,104,979 + 1.4 % 555 17.25606 ฿ 1274.1006 260572.27 5547.49 $ 46 (on 2017/03/16) 198,438,608,369 + 1.3 % 566 17.03088 ฿ 1291.13148 266183.84 5611.57 $ 47 (on 2017/03/28) 200,985,930,335 + 1.3 % 578 16.81502 ฿ 1307.9465 271863.61 5679.77 $ 48 (on 2017/04/09) 203,490,805,573 + 1.2 % 589 16.60804 ฿ 1324.55454 277615.68 5752.07 $ 49 (on 2017/04/21) 205,953,032,121 + 1.2 % 601 16.40949 ฿ 1340.96403 283444.12 5828.44 $ 50 (on 2017/05/03) 208,372,468,375 + 1.2 % 613 16.21895 ฿ 1357.18298 289352.99 5908.87 $ 51 (on 2017/05/15) 210,749,030,138 + 1.1 % 625 16.03606 ฿ 1373.21904 295346.33 5993.34 $ 52 (on 2017/05/27) 213,082,687,703 + 1.1 % 638 15.86043 ฿ 1389.07947 301428.19 6081.86 $ 53 (on 2017/06/08) 215,373,462,971 + 1.1 % 650 15.69174 ฿ 1404.77121 307602.6 6174.41 $ 54 (on 2017/06/20) 217,621,426,630 + 1 % 663 15.52964 ฿ 1420.30085 313873.6 6271 $ 55 (on 2017/07/02) 219,826,695,380 + 1 % 677 15.37385 ฿ 1435.6747 320245.24 6371.64 $ 56 (on 2017/07/14) 221,989,429,226 + 1 % 690 15.22407 ฿ 1450.89878 326721.56 6476.32 $ 57 (on 2017/07/26) 224,109,828,835 + 1 % 704 15.08003 ฿ 1465.97881 333306.64 6585.08 $ 58 (on 2017/08/07) 226,188,132,962 + 0.9 % 718 14.94147 ฿ 1480.92028 340004.55 6697.91 $ 59 (on 2017/08/19) 228,224,615,953 + 0.9 % 732 14.80815 ฿ 1495.72843 346819.4 6814.85 $ 60 (on 2017/08/31) 230,219,585,321 + 0.9 % 747 14.67983 ฿ 1510.40825 353755.32 6935.92 $ 61 (on 2017/09/12) 232,173,379,401 + 0.8 % 762 14.55629 ฿ 1524.96454 360816.45 7061.13 $ 62 (on 2017/09/24) 234,086,365,086 + 0.8 % 777 14.43734 ฿ 1539.40188 368006.98 7190.53 $ 63 (on 2017/10/06) 235,958,935,643 + 0.8 % 793 14.32276 ฿ 1553.72464 375331.11 7324.13 $ 64 (on 2017/10/18) 237,791,508,612 + 0.8 % 809 14.21238 ฿ 1567.93702 382793.1 7461.99 $ 65 (on 2017/10/30) 239,584,523,788 + 0.8 % 825 14.10602 ฿ 1582.04304 390397.23 7604.13 $ 66 (on 2017/11/11) 241,338,441,280 + 0.7 % 841 14.0035 ฿ 1596.04654 398147.82 7750.59 $
  • 23. 23 | P a g e 67 (on 2017/11/23) 243,053,739,659 + 0.7 % 858 13.90468 ฿ 1609.95121 406049.25 7901.43 $ 68 (on 2017/12/05) 244,730,914,182 + 0.7 % 875 13.80938 ฿ 1623.7606 414105.93 8056.68 $ 69 (on 2017/12/17) 246,370,475,098 + 0.7 % 893 13.71749 ฿ 1637.47808 422322.33 8216.4 $ 70 (on 2017/12/29) 247,972,946,031 + 0.7 % 911 13.62884 ฿ 1651.10692 430702.96 8380.63 $ 71 (on 2018/01/10) 249,538,862,446 + 0.6 % 929 13.54331 ฿ 1664.65024 439252.39 8549.43 $ 72 (on 2018/01/22) 251,068,770,184 + 0.6 % 948 13.46079 ฿ 1678.11102 447975.25 8722.86 $ 73 (on 2018/02/03) 252,563,224,077 + 0.6 % 967 13.38114 ฿ 1691.49216 456876.23 8900.98 $ 74 (on 2018/02/15) 254,022,786,635 + 0.6 % 986 13.30425 ฿ 1704.79642 465960.07 9083.84 $ 75 (on 2018/02/27) 255,448,026,797 + 0.6 % 1006 13.23002 ฿ 1718.02644 475231.59 9271.52 $ 76 (on 2018/03/11) 256,839,518,765 + 0.5 % 1026 13.15835 ฿ 1731.18479 484695.66 9464.07 $ 77 (on 2018/03/23) 258,197,840,889 + 0.5 % 1046 13.08912 ฿ 1744.27391 494357.23 9661.57 $ 78 (on 2018/04/04) 259,523,574,626 + 0.5 % 1067 13.02226 ฿ 1757.29617 504221.32 9864.09 $ 79 (on 2018/04/16) 260,817,303,562 + 0.5 % 1088 12.95767 ฿ 1770.25383 514293.03 10071.71 $ 80 (on 2018/04/28) 262,079,612,488 + 0.5 % 1110 12.89525 ฿ 1783.14909 524577.52 10284.49 $ 81 (on 2018/05/10) 263,311,086,541 + 0.5 % 1132 12.83495 ฿ 1795.98403 535080.05 10502.53 $ 82 (on 2018/05/22) 264,512,310,397 + 0.5 % 1155 12.77666 ฿ 1808.76069 545805.94 10725.89 $ 83 (on 2018/06/03) 265,683,867,516 + 0.4 % 1178 12.72032 ฿ 1821.48101 556760.61 10954.67 $ 84 (on 2018/06/15) 266,826,339,446 + 0.4 % 1202 12.66585 ฿ 1834.14686 567949.56 11188.95 $ 85 (on 2018/06/27) 267,940,305,168 + 0.4 % 1226 12.6132 ฿ 1846.76006 579378.38 11428.82 $ 86 (on 2018/07/09) 269,026,340,494 + 0.4 % 1250 12.56228 ฿ 1859.32234 591052.76 11674.38 $ 87 (on 2018/07/21) 270,085,017,508 + 0.4 % 1275 12.51304 ฿ 1871.83537 602978.47 11925.71 $ 88 (on 2018/08/02) 271,116,904,049 + 0.4 % 1301 12.46541 ฿ 1884.30078 615161.38 12182.91 $ 89 (on 2018/08/14) 272,122,563,240 + 0.4 % 1327 12.41934 ฿ 1896.72012 627607.47 12446.09 $ 90 (on 2018/08/26) 273,102,553,047 + 0.4 % 1353 12.37478 ฿ 1909.0949 640322.81 12715.34 $ 91 (on 2018/09/07) 274,057,425,888 + 0.3 % 1380 12.33166 ฿ 1921.42656 653313.58 12990.77 $ 92 (on 2018/09/19) 274,987,728,264 + 0.3 % 1408 12.28994 ฿ 1933.7165 666586.06 13272.48 $ 93 (on 2018/10/01) 275,894,000,436 + 0.3 % 1436 12.24957 ฿ 1945.96608 680146.65 13560.59 $ 94 (on 2018/10/13) 276,776,776,122 + 0.3 % 1465 12.2105 ฿ 1958.17658 694001.86 13855.21 $ 95 (on 2018/10/25) 277,636,582,235 + 0.3 % 1494 12.17269 ฿ 1970.34927 708158.31 14156.45 $ 96 (on 2018/11/06) 278,473,938,641 + 0.3 % 1524 12.13608 ฿ 1982.48535 722622.75 14464.44 $ 97 (on 2018/11/18) 279,289,357,947 + 0.3 % 1555 12.10065 ฿ 1994.586 737402.03 14779.28 $ 98 (on 2018/11/30) 280,083,345,320 + 0.3 % 1586 12.06635 ฿ 2006.65235 752503.14 15101.11 $ 99 (on 2018/12/12) 280,856,398,317 + 0.3 % 1617 12.03314 ฿ 2018.68549 767933.2 15430.06 $ 100 (on 2018/12/24) 281,609,006,751 + 0.3 % 1650 12.00098 ฿ 2030.68647 783699.45 15766.25 $
  • 24. 24 | P a g e 101 (on 2019/01/05) 282,341,652,568 + 0.3 % 1683 11.96984 ฿ 2042.6563 799809.26 16109.81 $ 102 (on 2019/01/17) 283,054,809,752 + 0.3 % 1716 11.93968 ฿ 2054.59598 816270.14 16460.88 $ 103 (on 2019/01/29) 283,748,944,241 + 0.2 % 1751 11.91047 ฿ 2066.50645 833089.75 16819.61 $ 104 (on 2019/02/10) 284,424,513,865 + 0.2 % 1786 11.88218 ฿ 2078.38863 850275.87 17186.12 $ 105 (on 2019/02/22) 285,081,968,300 + 0.2 % 1821 11.85478 ฿ 2090.24341 867836.44 17560.57 $ 106 (on 2019/03/06) 285,721,749,036 + 0.2 % 1858 11.82823 ฿ 2102.07164 885779.55 17943.11 $ 107 (on 2019/03/18) 286,344,289,357 + 0.2 % 1895 11.80252 ฿ 2113.87416 904113.43 18333.88 $ 108 (on 2019/03/30) 286,950,014,341 + 0.2 % 1933 11.7776 ฿ 2125.65176 922846.47 18733.04 $ 109 (on 2019/04/11) 287,539,340,864 + 0.2 % 1972 11.75346 ฿ 2137.40523 941987.22 19140.75 $ 110 (on 2019/04/23) 288,112,677,619 + 0.2 % 2011 11.73008 ฿ 2149.1353 961544.39 19557.17 $ 111 (on 2019/05/05) 288,670,425,149 + 0.2 % 2051 11.70741 ฿ 2160.84271 981526.85 19982.46 $ 112 (on 2019/05/17) 289,212,975,881 + 0.2 % 2092 11.68545 ฿ 2172.52816 1001943.65 20416.8 $ 113 (on 2019/05/29) 289,740,714,179 + 0.2 % 2134 11.66416 ฿ 2184.19232 1022804.01 20860.36 $ 114 (on 2019/06/10) 290,254,016,394 + 0.2 % 2177 11.64354 ฿ 2195.83586 1044117.31 21313.3 $ 115 (on 2019/06/22) 290,753,250,936 + 0.2 % 2220 11.62354 ฿ 2207.45941 1065893.13 21775.82 $ 116 (on 2019/07/04) 291,238,778,334 + 0.2 % 2265 11.60417 ฿ 2219.06357 1088141.22 22248.09 $ 117 (on 2019/07/16) 291,710,951,323 + 0.2 % 2310 11.58538 ฿ 2230.64896 1110871.52 22730.3 $ 118 (on 2019/07/28) 292,170,114,918 + 0.2 % 2356 11.56718 ฿ 2242.21613 1134094.17 23222.65 $ 119 (on 2019/08/09) 292,616,606,506 + 0.2 % 2403 11.54953 ฿ 2253.76566 1157819.49 23725.32 $ 120 (on 2019/08/21) 293,050,755,934 + 0.1 % 2451 11.53242 ฿ 2265.29808 1182058.02 24238.53 $ 121 (on 2019/09/02) 293,472,885,612 + 0.1 % 2500 11.51583 ฿ 2276.81391 1206820.48 24762.46 $ 122 (on 2019/09/14) 293,883,310,603 + 0.1 % 2550 11.49975 ฿ 2288.31365 1232117.81 25297.33 $ 123 (on 2019/09/26) 294,282,338,733 + 0.1 % 2601 11.48415 ฿ 2299.7978 1257961.16 25843.35 $ 124 (on 2019/10/08) 294,670,270,697 + 0.1 % 2653 11.46903 ฿ 2311.26684 1284361.9 26400.74 $ 125 (on 2019/10/20) 295,047,400,160 + 0.1 % 2707 11.45437 ฿ 2322.72121 1311331.62 26969.72 $ 126 (on 2019/11/01) 295,414,013,875 + 0.1 % 2761 11.44016 ฿ 2334.16137 1338882.13 27550.51 $ 127 (on 2019/11/13) 295,770,391,792 + 0.1 % 2816 11.42637 ฿ 2345.58775 1367025.48 28143.35 $ 128 (on 2019/11/25) 296,116,807,171 + 0.1 % 2872 11.41301 ฿ 2357.00075 1395773.94 28748.46 $ 129 (on 2019/12/07) 296,453,526,696 + 0.1 % 2930 11.40004 ฿ 2368.4008 1425140.03 29366.09 $ 130 (on 2019/12/19) 296,780,810,593 + 0.1 % 2988 11.38747 ฿ 2379.78827 1455136.52 29996.49 $ 131 (on 2019/12/31) 297,098,912,747 + 0.1 % 3048 11.37528 ฿ 2391.16355 1485776.41 30639.89 $ 132 (on 2020/01/12) 297,408,080,814 + 0.1 % 3109 11.36346 ฿ 2402.52701 1517072.98 31296.57 $ 133 (on 2020/01/24) 297,708,556,342 + 0.1 % 3171 11.35199 ฿ 2413.87899 1549039.75 31966.77 $ 134 (on 2020/02/05) 298,000,574,889 + 0.1 % 3235 11.34086 ฿ 2425.21985 1581690.51 32650.76 $
  • 25. 25 | P a g e 135 (on 2020/02/17) 298,284,366,136 + 0.1 % 3299 11.33007 ฿ 2436.54993 1615039.33 33348.82 $ 136 (on 2020/02/29) 298,560,154,006 + 0.1 % 3365 11.31961 ฿ 2447.86953 1649100.54 34061.21 $ 137 (on 2020/03/12) 298,828,156,780 + 0.1 % 3433 11.30945 ฿ 2459.17899 1683888.77 34788.23 $ 138 (on 2020/03/24) 299,088,587,215 + 0.1 % 3501 11.29961 ฿ 2470.47859 1719418.93 35530.16 $ 139 (on 2020/04/05) 299,341,652,653 + 0.1 % 3571 11.29005 ฿ 2481.76865 1755706.22 36287.29 $ 140 (on 2020/04/17) 299,587,555,141 + 0.1 % 3643 11.28079 ฿ 2493.04943 1792766.14 37059.92 $ 141 (on 2020/04/29) 299,826,491,540 + 0.1 % 3715 11.2718 ฿ 2504.32123 1830614.49 37848.35 $ 142 (on 2020/05/11) 300,058,653,640 + 0.1 % 3790 11.26308 ฿ 2515.58431 1869267.4 38652.91 $ 143 (on 2020/05/23) 300,284,228,269 + 0.1 % 3866 11.25461 ฿ 2526.83892 1908741.3 39473.9 $ 144 (on 2020/06/04) 300,503,397,405 + 0.1 % 3943 11.24641 ฿ 2538.08533 1949052.95 40311.65 $ 145 (on 2020/06/16) 300,716,338,279 + 0.1 % 4022 11.23844 ฿ 2549.32377 1990219.45 41166.5 $ 146 (on 2020/06/28) 300,923,223,490 + 0.1 % 4102 11.23072 ฿ 2560.55449 2032258.22 42038.77 $ 147 (on 2020/07/10) 301,124,221,104 + 0.1 % 4184 11.22322 ฿ 2571.77771 2075187.04 42928.82 $ 148 (on 2020/07/22) 301,319,494,763 + 0.1 % 4268 11.21595 ฿ 2582.99365 2119024.03 43836.99 $ 149 (on 2020/08/03) 301,509,203,782 + 0.1 % 4353 11.20889 ฿ 2594.20254 2163787.68 44763.65 $ 150 (on 2020/08/15) 301,693,503,256 + 0.1 % 4440 11.20204 ฿ 2605.40459 2209496.84 45709.16 $ 151 (on 2020/08/27) 301,872,544,158 + 0.1 % 4529 11.1954 ฿ 2616.59998 2256170.73 46673.89 $ 152 (on 2020/09/08) 302,046,473,434 + 0.1 % 4620 11.18895 ฿ 2627.78894 2303828.96 47658.23 $ 153 (on 2020/09/20) 302,215,434,102 + 0.1 % 4712 11.1827 ฿ 2638.97163 2352491.52 48662.56 $ 154 (on 2020/10/02) 302,379,565,347 + 0.1 % 4806 11.17663 ฿ 2650.14826 2402178.79 49687.27 $ 155 (on 2020/10/14) 302,539,002,613 + 0.1 % 4903 11.17074 ฿ 2661.31899 2452911.57 50732.78 $ 156 (on 2020/10/26) 302,693,877,694 + 0.1 % 5001 11.16502 ฿ 2672.48401 2504711.07 51799.5 $ 157 (on 2020/11/07) 302,844,318,824 + 0 % 5101 11.15947 ฿ 2683.64349 2557598.91 52887.84 $ 158 (on 2020/11/19) 302,990,450,767 + 0 % 5203 11.15409 ฿ 2694.79758 2611597.14 53998.23 $ 159 (on 2020/12/01) 303,132,394,898 + 0 % 5307 11.14887 ฿ 2705.94645 2666728.26 55131.12 $ 160 (on 2020/12/13) 303,270,269,295 + 0 % 5413 11.1438 ฿ 2717.09025 2723015.21 56286.95 $ 161 (on 2020/12/25) 303,404,188,817 + 0 % 5521 11.13888 ฿ 2728.22913 2780481.38 57466.17 $ overall mine + sell (weekly payout) 2728.23 ฿ 2780481.38 $ mine + hold (final payout) 2728.23 ฿ 14417532.04 $