Executive Summary
TeraHash Minerz, LLC is a cryptocurrency mining company in Miami, Florida, United States of America. It is a cryptocurrency mining company that engages in the research and development of core technologies in the fields of blockchain data mining, distributed computing, distributed database management, and the detection of mining pool management failure, to mine cryptocurrencies at an affordable rate. We are out to create and grow sustainable value through the application of best practices in mining and our commitment to protecting the environment and wellbeing of our neighbors and the communities where we live.
Market Opportunity
Cryptocurrency is a virtual or digital currency that uses cryptography designed to work as a medium of exchange with secured and verified transactions. The prefix “crypto” signifies hidden or secret. Cryptocurrency is a system that allows secured & verified transactions through a decentralized record-keeping platform known as a “Distributed Ledger”.
Low ownership costs, safer, and quicker transactions are some of the factors that augment the market growth globally. In addition, minimal exchange rates, interest rates, or charges across all international transactions are further anticipated to boost the cryptocurrency market in the coming years. However, decentralized control and regulations related to cryptocurrencies might hamper the cryptocurrency market growth. Also, higher risks associated with fluctuations in the prices are likely to decelerate the growth of the global cryptocurrency market. Conversely, higher acceptance of bitcoins in the developed nations increased investment in blockchain technology, and a rise in demand for safer transactions across international borders supposedly provide favorable opportunities for advancements in the cryptocurrency industry.
Market Size
The global cryptocurrency market size is likely to reach USD 32 trillion by 2027, exhibiting a CAGR of 11.2% during the forecast period. Cryptocurrency is a system of virtual currency exchange that is aimed to eliminate financial intermediaries. It offers low ownership costs, and quicker and safer transactions internationally through a decentralized record storing platform called ‘distributed ledger. The market size stood at USD 754 billion in 2019. The digital currency exchange methods are evolving swiftly. The market is gaining extreme traction due to several factors. For instance, the amalgamation of blockchain technology in digital currency ensures efficient and decentralized transactions. Moreover, major firms are investing in blockchain systems and collaborating with other firms to provide quality services to their users. For instance, Qtum Chain Foundation (Singapore) collaborated with Amazon Web Services (AWS) China to deploy blockchain systems for the AWS cloud.
Competitor Analysis
We have conducted our research and found out that other cryptocurrency mining companies are not our competitors as we will be joining the top pools in a concerted effort to mine coins.
These companies have established a reputation and positive service representation over the years. They have been in the industry before us and may be regarded as one of the leading companies in our line of operation. Contributing to a mining pool creates a steady stream of income that will cover operating costs and profits. However, we have been able to identify that to choose between mining pools, factors considering include:
Reputation
Quality of network
Customer service
Faster Processing
Stable Income
Startup Summary
To secure funds of $500,000.
ASIC Miners
Facility
Renovations
Solar Panels
Financial Projections
Year Revenue Profit
2023 $216,000 $144,000
2024 $302,000 $230,000
2025 $393,000 $321,000
No employees No sales. No marketing.
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