Bots Inc (BTZI)

[lesgetrich]

Bitcoin is becoming increasingly difficult for amateurs to mine and almost impossible using conventional PC's or desktops. Bots will be purchasing 1,000 new state of the art rigs and potentially adding 50,000 more over time. In the meantime, they plan to join a massive mining pool which will increase their odds of successfully getting their share of new coins. Here's more info on the pool...

MARATHON PATENT GROUP AND DMG BLOCKCHAIN SOLUTIONS TO FORM THE DIGITAL CURRENCY MINERS OF NORTH AMERICA (DCMNA) AND LAUNCH NORTH AMERICA’S FIRST COOPERATIVE MINING POOL - JANUARY 05, 2021

VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group Inc. (NASDAQ: MARA), (“Marathon”) and DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTC US) (FRANKFURT: 6AX) (“DMG”) have entered into a non-binding memorandum of understanding to form Digital Currency Miners of North America (“DCMNA”), which will be a U.S.-based non-profit entity whose mission is to create a better mining environment for North American miners, to help improve their financial performance, and to create North America’s first cooperative mining pool.

Marathon Patent Group and DMG’s U.S. subsidiary, Blockseer, are working together to establish DCMNA, a non-profit entity focused on North American digital currency opportunities, including decentralizing the Bitcoin hashrate and providing more transparency for North American miners. DCMNA’s principal initiative is to create North America’s first cooperative mining pool by licensing Blockseer’s mining pool to all DCMNA members in a cooperative structure. Mining partners who are members will receive rebates based on the hash rate they contribute to the overall pool, thus improving the mining profitability of DCMNA members.

As a founding member of DCMNA and one of North America’s largest enterprise Bitcoin mining companies, Marathon will put all of its mining hashrate (equivalent to 10.36 EH/s, or 7.6% of the total Bitcoin network’s hashrate, if all miners were deployed today at current levels) into the pool.

Benefits of the mining pool include, but are not limited to:

* Profit sharing, whereby miners receive rebates based on their contributed hashrate

* Increased transparency as all financial information will be audited by a third-party U.S.-based financial audit firm

* Lobbying efforts to improve the policies and regulatory environment in North America for miners

* “Clean block mining” that adheres to the Office of Foreign Asset Control’s (OFAC’s) compliance standards and reduces the risk of mining blocks that include transactions linked to nefarious activities

DCMNA is focused on increasing transparency, trust, and accountability in the emerging mining industry, particularly as more institutions embrace Bitcoin as a store of value. Unlike other Bitcoin mining pools, Blockseer’s pool will be audited by an independent auditing firm, ensuring that the miners receive accurate rewards and that auditors and regulators can trust the data provided. Using DMG’s proprietary patent pending technologies, the pool will also create transaction blocks that specifically omit any transactions deemed risky by Walletscore, and which may not meet OFAC standards. As a result, North American miners who are DCMNA members will reduce the risk of the blocks they mine containing transactions tied to criminal or terrorist-related activities.

DCMNA will also act as unified group to lobby government bodies and regulators on behalf of its membership

Marathon currently owns roughly 30,000+ mining rigs and has 70,000 more on order for delivery through December 2021. According to this PR, that will only amount to "7.6% of the total Bitcoin network’s hashrate, if all miners were deployed today at current levels". I wonder if that estimate may already have included Bots' anticipated contribution to the pool (i.e. an additional 50,000 rigs)

In any event, it seems that Bot's can only plan to be in the pool as the pool may not have been fully formed as yet since it was only announced on January 5.