Frequently Asked Questions
Green Mining DAO's story begins with its founder, Sascha Grumbach, who was drawn to Bitcoin after buying some in a Berlin bar in 2012. His journey through the world of Bitcoin mining, marked by disappointments with companies not living up to their eco-friendly promises, inspired him to start a new venture. Green Mining DAO was born out of a desire to mine Bitcoin responsibly, using hydroelectric power and repurposing the heat generated in the mining process to dry fruits. We are now in a fundraising phase, offering shares to retail investors, with plans to establish a decentralized liquidity pool following the completion of fundraising.
Our operations leverage 100% hydroelectric energy, reducing carbon emissions. The excess heat from mining is utilized to dry fruits, contributing to our sustainability goals.
We operate as a Decentralized Autonomous Organization (DAO), emphasizing community-driven decisions. This allows shareholders to participate in governance via the Polygon blockchain. It ensures a transparent, inclusive, and efficient operational model aligned with the decentralized ethos of blockchain technology.
Green Mine #003 (GM3), a venture by Green Mining DAO, innovates in the Bitcoin mining sector with a focus on sustainability and profitability. It aims to democratize access to Bitcoin mining, making it environmentally friendly by leveraging renewable energy for CO2-neutral operations. A core part of our mission is to enable investors to directly receive Bitcoin as a result of the production process, offering a unique opportunity to participate in green Bitcoin mining and contribute to a more sustainable future.
GM3 sets itself apart from traditional Bitcoin mining operations not just through sustainability but by offering Bitcoin at production price, directly aligning investor interests with our own. Unlike conventional operations that may depend on fossil fuels, we utilize 100% renewable energy for CO2-neutral mining. This not only reduces environmental impact but also ensures long-term sustainability and cost-effectiveness.
GM3 presents an ideal investment opportunity for three key reasons:
1. It offers low-cost entry through fractional ownership, making Bitcoin mining accessible without hefty investments.
2. GM3 ensures high transparency with regular reporting, allowing investors to stay informed about their investments.
3. The process is hassle-free for investors — we manage all mining operations, so investors can benefit without needing any technical knowledge or involvement in the mining process.
This combination of accessibility, transparency, and ease of investment makes GM3 a standout choice for those looking to enter the Bitcoin mining space.
Bitcoin halving is an event that occurs approximately every four years, halving the reward given to miners for processing transactions. This mechanism is designed to control the supply of Bitcoin, ensuring its scarcity and curbing inflation. The next halving, expected in April 2024, will decrease the reward from 6.25 to 3.125 bitcoins per block. This event is a fundamental aspect of Bitcoin's blockchain protocol, aiming to maintain its value over time by reducing the rate at which new bitcoins are created.
To gear up for the Bitcoin halving, we strategically lock in long-term contracts for affordable renewable energy, ensuring low operational costs and boosting profitability. We also utilize the heat generated from our mining for extra revenue, showcasing our commitment to sustainability. Additionally, our use of auto-tuning for mining hardware balances over and underclocking, maximizing efficiency in joules per terahash (J/TH).
This comprehensive approach keeps us competitive and efficient, turning the challenges of halving into opportunities.
GM3 ensures the security and transparency of its mining operations through comprehensive measures and regular communications. Our security encompasses three key areas: physical security at our mining sites, digital protection for wallets and Bitcoin, and safeguarding tokens/shares. Furthermore, to maintain transparency, we provide monthly updates to investors and hold quarterly Extraordinary General Meetings (EGMs). This approach ensures that investors are well-informed about the safety of their investments and the ongoing performance of our mining operations.
Green Mine #003 ensures the safety of its infrastructure through several measures. There is a comprehensive monitoring system in place to manage grid instabilities and technicians are on-site 24/7 to manually reboot devices if required. To protect against unauthorized access, we have armed guards, camera systems, and high multi-level fences. In the unlikely event of a platform hack, no assets can be lost as they are protected by blockchain technology.
Additionally, we are working on getting a stress test and security certificate from a renowned third party to further enhance platform security.
"Co-Mining" means you become a shareholder in the mining operation instead of managing your own solo mining setup. This approach pools resources and expertise to increase efficiency and profitability, distributing earnings among shareholders based on their investment. It's a way to participate in Bitcoin mining without the hassle of handling equipment, maintenance, or market fluctuations yourself.
Investing with us means you're free from the complexities of solo mining. We handle everything—market analysis, hardware management, repairs, and strategic expansion to offset hardware depreciation. This support significantly boosts your chances of success beyond the common one-year drop-off point seen in private mining ventures. Essentially, we offer a hands-off, efficient, and potentially more profitable approach to Bitcoin mining, allowing you to benefit without dealing with the operational hassles.
Yes you can! When applying to GM3 and signing documents, make sure you mention both your names on the documents which require your signatures.
Stage 0 - Apply to Green Mine #003 (GM3): Your first step to express interest and initiate your involvement.
Stage 1 - Sign the Letter of Intent: Secures your place and provides access to key GM3 information.
Stage 2 - Sign the Terms of Investment: Gain deeper insights into GM3's financial and operational strategies, aiding in informed decision-making.
Stage 3 - Invest in GM3: Symbolizes your financial commitment and support for the project
Stage 4 - Complete KYC and AML checks: Ensures compliance and security for all parties involved
Stage 5 - Receive GM3 tokens: Officially makes you a shareholder in GM3 Technologies AG
We conduct KYC/AML checks after receiving investments to ensure a smooth fundraising process. By doing so, we avoid initial barriers, making the process more efficient and investor-friendly. This approach means we only perform checks on actual investors, making our operations cost-effective and resource-efficient.
If an investor fails these checks, their investment is refunded. This strategy helps us maintain compliance and trust, balancing operational efficiency with regulatory obligations
In GM3, tokens represent digital shares, encapsulating ownership and voting rights within our company. These tokens, issued on the Polygon blockchain, offer a modern, secure way to participate in our governance and benefit from dividends, embodying our vision of decentralized and inclusive investment opportunities.
GM3's DEX enables 24/7 trading of shares, providing a transparent and secure platform for buying and selling investments. This feature underscores our commitment to liquidity and investor autonomy in managing their assets.
A "dividend" is a share of profits distributed to shareholders, a reward for their investment in a company.
At GM3, dividends represent a portion of the earnings from our co-mining operations, distributed among shareholders in alignment with their stake. This approach allows investors to benefit directly from the success of our mining activities, making it a tangible way to participate in the profitability of Bitcoin mining without managing the process themselves.
When you receive dividends from GM3, they're recognized in your local currency like EUR, USD, or CHF for tax purposes. Since tax laws vary by location, it's essential to consult a tax professional to understand how these dividends impact your tax situation. They'll offer specific guidance based on your jurisdiction, ensuring you're compliant and possibly optimizing your tax position.
When you regularly receive BTC through mining and it's distributed as dividends, the tax implications can vary widely depending on your location. Generally, these dividends are subject to the tax regulations of your jurisdiction. Unlike traditional income, these are considered investment dividends, and taxation rules for dividends will apply. It's crucial to consult with a tax professional who can provide guidance tailored to your specific situation, ensuring you understand and comply with the relevant tax laws.
At GM3, dividends are distributed quarterly in Bitcoin, reflecting the company's operational success and profitability. This approach emphasizes our commitment to digital assets and ensures investors receive direct benefits from our mining operations. Local regulations may influence the specific processes and tax treatments of these dividends, underscoring the importance of understanding the regulatory environment relevant to each investor.
Your earnings depend on BTC market prices and our operational efficiency. GM3 aims for an average ROI of 20%, leveraging our innovative business model and strategic investments to maximize profitability for our investors.
Dividends, reflecting the profitability of our mining operations, are paid in Bitcoin and calculated based on GM3's overall financial performance. Our structured approach ensures a fair distribution of earnings to shareholders, aligning with our commitment to transparency and investor value.
