What Is Eminer (EM)?

Eminer is a blockchain-powered global hash rate service platform. Hash rate is the computation power used to verify transactions on a blockchain network. The platform seeks to redefine and reintegrate the global mining ecosystem and build a hash rate financial services platform. According to the whitepaper, Eminer aims to enhance the mining industry's value by transforming the hash rate into an efficient digital pass. The platform claims to have a large hash rate stemming from thousands of mining machines which helps it enable convenient mining services for its users. 

Eminer aims to tackle the challenges facing the mining industry. These challenges include high capital cost, high power demand, high technical requirements, difficulty in currency switch, lack of standardization, and imperfect services. Eminer states that these problems are caused by high thresholds, over dependence on resources, and lack of supervision. The platform aims to solve these issues by improving asset liquidity, enabling economies of scale to reduce costs, offering cross-currency, mining, and improving the financial attributes of the ecosystem. 

Eminer intends to offer four broad categories of services to the users—hash rate services, financial services, circulation services, and information services. Users can access these services using EM, the native cryptocurrency of the platform, which acts as a decentralized finance (DeFi) tool. Likewise, the platform also collects transaction fees in the form of EM tokens. The EM tokens are based on the ERC-20 standards protocol of the Ethereum network. 

History of Eminer (EM)

The Eminer mainnet was launched in September 2020, while its whitepaper was launched in April 2019. The core team of the platform includes CEO Artem Borovkov, COO Edward Zhang, operations director James L, and mining farm head Leo LV. The EM token has a maximum total supply of 21.1 billion, 10% of which is reserved for technological development, 30% for infrastructure costs, and 50% for self-built hash rate.