TRUE North Mining

Profitable green mining

With buy back guarantee

Making PoW green!
One mining facility at a time.

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FREE* ELECTRICITY

Hydropower provides almost free eco-friendly electricity. It will help in mining decentralization and make local communities energy independent.

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TECHNOLOGICAL LEADERSHIP

We use BITMAIN Antminer S9 – the most energy effective ASIC for Bitcoin mining. Low power consumption allows us to expand facilities in quantity as well as in total hash power.

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TRUE NORTH

Russian North provides perfect environment for mining operations. The nature will cool ASICs and ensure safe hardware acceleration. Combined with Antminer S9 it will give us a solid advantage in facilities hash power.

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300

million tokens
– capped

people
– project team

hydropower plants
will be reconstructed

WHITEPAPER TRUE North Mining

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Solution

As simple as possible- We will reconstruct 5 hydropower plants at 59° North latitude in Russia, then build and run mining facilities at all of them.

Incomes will be spent to- Buy back and burn TNM tokens, update hardware, run operations, build new facilities.

Bought back TNM tokens will be- sent to 0x000... address. It will reduce the total supply of TNM tokens, hence increasing their price and rewarding long-term TNM token holders.

Hydropower Plant (HPP)

Natural cooling

Mining facility

Bitcoin

Ether

Fiat funds
to run operations

Exchange - token's
buy back and burn

Advantages

FREE*
electricity

* Almost free electricity will be obtained by reconstructing old hydropower plants. Each plant can potentially generate around 0.36 MWh

Minimal cooling
expenses

Cooling expenses will be minimized by strategically locating our facilities at 59° North latitude in Russia

Buy back
guarantee

All bought back tokens will be burned. Hence, per token price of the remaining tokens shall be increased

Eco-friendly

Hydropower is a clean source of electricity.
It doesn't pollute the air like fossil fuel power plants

Strong team

We brought together the strongest experts in cryptomining and hydropower engineering

Decentralization

In the spirit of Satoshi Nakamoto we'll make mining operations more decentralized

Roadmap

September 2017

Identifying hydropower plant sites for reconstruction

Identifying core subconstructors
(HPP OEMs, ASIC miners, reconstruction solutions)

November 2017

Writing a detailed business plan

January 2018

Preparation of the technical documentation

March 2018

Official project announcement

Start of pre-ICO for qualified investors

April 2018

Acquiring legal rights to old HPP
($0.6 mil per site)

May 2018

Start of ICO

June 2018

Purchasing of ASIC miners

Start of engineering research for HPP reconstruction

July 2018

Preparation of mining facilities and equipment assembly

Start of non-HPP mining

August 2018

Ordering HPP turbine and hydro equipment

September 2019

Final stages of HPP reconstructions

Start of HPP mining

Q4 2019

Start of 7 MWh HPP project at 59* North latitude

Exploration of potential HPP sites in other regions of Russia

Q2 2020

Exploration of wind energy sites in Arctic Russia

Token distribution

Hard Cap: $ 15,000,000

10% (30,000,000 tokens) - to qualified pre-ICO participants to acquire old hydropower plants ($0.10 per token)

2% (6,000,000 tokens) - 20% bonus to qualified pre-ICO participants

40% (120,000,000 tokens) - to ICO participants ($0.10 per token)

35% (99,000,000 tokens) - Reserve fund to expand hydropower mining operations in the future

10% (30,000,000 tokens) - Founders fund (these TNM tokens will be frozen for 2 years to ensure alignment of interests)

5% (15,000,000 tokens) - to Advisers, Bounty campaign participants, listings on exchanges, etc.

5% ($ 750.000) - Facilities building

20% ($ 3.000.000) - HPPs acquiring

50% ($ 7.500.000) - HPPs reconstruction

16.7% ($ 2.500.000) - ASIC-miners purchasing

5% ($ 750.000) - Customs fees and taxes

3.3% ($ 500.000) - Operating expenses

Mining calculator

We can calculate token's buy back intensity to show the profitability of our Proof-of-Burn model. It will demonstrate investor's profit and our contribution to the exchange rate growth.
Enter a Bitcoin rate and select the distribution between ASICs and video cards.

Bitcoin exchange rate USD / BTC

ASIC

GPU

Buy back budget 4,500,000$ / year

ROI 30.0% / year

Team

Sergey Vorozhtsov

CEO and Co-Founder

Sergey holds Ph.D. degree in Physics (Quantum Computing) from Duke University.8 In 2005 he co-founded S3 Stores, Inc. − internet retailer rated 𝐴+ by BBB. Sergey is both technology and business administration expert with more than 12 years of experience

Michael Che

COO and Co-Founder

Michael holds B.S. degree in Operations Management from Škoda Auto University, Czech Republic. Working with S3 Stores, Inc. since 2014 Michael brought excellence to everyday corporate operations according to the standards of EFQM.

Roman Novokshonov

CTO and Co-Founder

Roman holds M.A. degree in Computer Science. He has more than 17 years of experience in system programming. Roman is an expert in blockchain technology with hands - on experience in programming smart contracts as well as building cryptocurrency mining farms.

Dmitry Kislitsyn

Hydro Engineer

Dmitry holds Ph.D. degree in Physics(Hydroelectric Power Plants) from St. Petersburg Polytechnic University. He has more than 30 years of experience designing and supervising the construction of dams and hydroelectric power plants.

Stanislav Skopin

Project Manager and Co-Founder

Stanislav is a successful entrepreneur, founder of two profitable fully automated businesses. Talented leader and experienced project manager.

Alexander Karavaev

Marketing Director

Alexander is a founder and CEO of the effective Internet marketing agency Income. Alexander has a 7-year experience in digital marketing. He gathered a team of high-level professional marketing specialists.

Project news

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