Have you considered starting mining crypto together with a couple of business partners? Buy some mining machines physically or host online and started to earn from the Bitcoin mining. It sounds good but the operation complexity is beyond imagination.
For example, the mining earnings will be allocated to a single wallet address. Sharing the revenue among partners requires private key separation technology or a signed agreement legally bind. If there is a dispute incurred from the process, high legal fee would be involved.
In addition, you and your partners may have different views on the earnings. You may want to sell the crypto immediately but your partner wants to hold and find another opportunity from the secondary market, the third partner prefers to lock the earnings in DeFi. The cost of talks, negotiations, executions all add up to frustration.
BTC.com, as one of the global Top mining pools, noticed the crowd funded miners’ frustration and offered an effective solution. It now supports multi-address profit sharing. Investors can add up to 20 BTC sub accounts to receive their corresponding earnings. First, the partners agree on the percentage of earning allocation; and then, set up the percentage and add the corresponding address; finally they will receive the earnings accordingly.
For example, there are a total of 4 partners, and they decided to share the profit equally. So, they set four sub accounts and each receive 25% of the earning. The set percentage can be adjusted in the future if the investors have a different idea. They can also add or deduct sub accounts if needed.
BTC.com also supports multiple language for global investors, including English, Russian, Spanish, Dutch, French, Japanese, Korean, and Chinese.
The sub-account feature offers full flexibility and convenience for crowd funded miners. If you are interested in start mining, it worth a try to start calling a couple of trusted friends and introduce BTC.com mining pool to them.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.