Key Takeaways
- Summit Mining is a Ireland-based startup in financial services and cryptocurrency industries.
- Offers community-based crypto mining services to generate profitable monthly pay-outs for its clients.
- The average ROI for clients in 2019 was 11.89%.
- Crypto equipment purchased for clients, offering increased profits through the mutualisation of equipment from all investors.
- The startup managed over 1,300 mining machines with a maximum monthly return of 32.46% by the end of 2019.
In an era witnessing the unprecedented growth of cryptocurrencies, Summit Mining, a Dublin-based startup, has pioneered a unique approach to crypto mining; one that not only simplifies the technically complex process, but also makes it accessible to everyone. Founded by Mathieu Vincent, the startup caters to individuals and organizations willing to ride the wave of crypto wealth by owning their mining equipment. It’s an audacious attempt to democratize crypto mining, traditionally monopolized by a small percentage of tech and financial elites.
The approach of Summit Mining is both innovative and egalitarian. Instead of leaving clients to wade through the cold and treacherous waters of cryptomining alone, it renders a community-based platform where mining equipment is mutualised. This not only helps to mitigate the cost of maintenance but allows individual investors to benefit from all new and renewed equipment that gets integrated into Summit Mining’s Park.
The differential that Summit Mining brings to the table lies within its approach to crypto mining. Instead of just advocating for cloud mining, it actually purchases mining equipment for its investors, ensuring that unlike with cloud mining, the equipment belongs to the investors themselves. This also serves to leverage increasing profits even more, by mutualising the equipment from all investors, ensuring that maintenance costs are not borne by the investor alone. The proof being in the pudding, by the end of 2019, the startup managed more than 1,300 mining machines for its investors, providing an average of 11.89% per month in return on investment, with its best month yielding 32.46%.
Additionally, the startup’s focus on ethical, fair, and profitable crypto mining is set to endear it to conscious investors, who are increasingly looking for reputable, responsible and high-return avenues to park their funds. This is a bold, innovative and conscientious leap in the world of crypto mining, setting it apart from competitors in the industry.
In conclusion, Summit Mining indicates a positive future for both the startup and the financial services industry. With proven financial returns, and a staunch commitment to ethical and community-oriented practices, the startup is poised to disrupt traditional notions of crypto mining. The future holds exciting possibilities for such community-based financial platforms. They pave the path to greater inclusivity, higher transparency, and deeper trust in the industry.
Visit Summit Mining to learn more, or follow them on Twitter, Facebook, and LinkedIn for updates.
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