Ayman Figure – Photography: Suhail Minister
The number of minerals in Bahrain is estimated at nearly 6 thousand people
Mining became trend in 2020 after the large “Bitcoin” height
The most stable circulating digital currencies than the new
Many countries have begun to issue regulatory legislation on digital currencies
The success of any project depends on the link with realistic assets
Device profits drop to half every 4 years until mining operations continue
There are currencies tied to gold, others with real estate, some with artificial intelligence
Mining became trend in 2020 after the large “Bitcoin” height
Many countries have begun to issue regulatory legislation on digital currencies
The success of any project depends on the link with realistic assets
Device profits drop to half every 4 years until mining operations continue
There are currencies tied to gold, others with real estate, some with artificial intelligence
The Crypto Mainers company started from Bahrain 4 years ago, and today it has 8 branches around the world and hosts more than 3000 digital currency mining devices, including 2500 devices for Bahraini investors. In an expanded interview with “Al -Watan”, the company revealed unprecedented details about this field, from profit opportunities to challenges, and made it clear how anyone can start investing in a small capital. The company specialized in selling, maintaining and hosting the cryptocurrency mining devices made it clear that two additional companies share the market with it, noting that the number of two minerals in Bahrain is estimated at nearly 6 thousand citizens. Al -Watan all the questions that can be found in the minds of people about the mining of cryptocurrencies and the devices used in that, and the costs of investment and the expected returns, to put the “homeland” in the hands of the reader, all the details of this new investment. The beginning is with the general manager of the Crypto Mainers Ayman Shabanna, a Moroccan young man who came to the idea to Bahrain and started from it to 7 other countries, where he provided us with information about mining and the best countries and factors affecting Mining. How did the idea of this project began? The world. Are you the first to start mining in Bahrain?- Indeed, in 2020, and fortunately the field was new and no one has preceded it, which made us pioneers in this field, and today we have 2500 customers from Bahrain only, and this branch covers the eastern region in Saudi Arabia and most customers in the last year of the Kingdom of Saudi Arabia, but mining was not widespread in the region- Mining became a trend in 2020 and 2021 after the large rise in the currency Bitcoin, even people who know nothing began to buy devices and spread digital currency mining in Bahrain, and therefore we provide support and information for that category. In the beginning there were 12 competing companies opened within 6 months in the market and we were the first, but they were unable to continue and remained two companies, and we started in Bahrain and reached 8 branches around the world and we transferred the idea to the Emirates, Oman, Iraq, India, Uzbekistan and Portugal And France, and I am traveling between the branches as the regional director of the Gulf region. Electricity prices are the largest challenge facing currency mining, there is a branch of the company in Morocco?- Recently, the Moroccan authorities decided to lift the ban on the activity, and currently we are studying the entry of the Moroccan market, today, after the support of US President Donald Trump, many countries began to issue legislation organizing these projects, even Saudi Arabia and Qatar were the most strict in the subject of digital currencies, But today they started organizing the activity. What are the countries that are the best in terms of mining? The largest countries in the world in mining, but investors depend on generating electricity from generators that use natural gas, and Russia is the second largest country in the world due to the cold weather and electricity licenses, and today the UAE is the largest country to mining in the Gulf, where the government has the largest farm in the Middle East with a card of “10 thousand devices” with the aim of collecting reserves from “bitcoin” such as gold reserve Half every 4 years until mining operations continue, which is expected to end after 120 years for the limited quantities, but there are other currencies that are mined, and every new currency is a project, and the success of the project depends on several factors, the most prominent of which is the extent of linking with assets or projects on the ground, and their ability to continue, there are currencies connected to gold and another with real estate and other with artificial intelligence. People wonder about what mining is? Mining is that instead of buying Bitcoin, you buy devices that mining the currency, and with a quick calculation, the price of bitcoin today is 107 thousand dollars, and when purchasing 6 S2 devices for 33 thousand dollars, it is possible during the year of mining the bitcoin. Also, the currency price has an impact in terms of the low and high price in the market. What are the successful forms in this field? 250 devices that produce more than 70 thousand dollars, and we are operating its devices in the Emirates. Are there any ideas to solve the problem of electricity consumption?- We are currently working on a project to operate devices with natural gas, but this matter requires permits, approvals and we try to find solutions in Bahrain. What is the Caribto Mainers company to the owners of the devices?- The company is specialized in selling, maintaining and hosting digital currencies. Providing this service for those who cannot host the devices in their homes, and we provide a year guarantee on the device, and in the event that a device is purchased and the hosting is signed with the customer. How average mining the device in the month? The activity in Bahrain until today, but our activity falls under the item of electronics and computers, unlike the Emirates and the Sultanate of Oman where there is an activity of digital currencies. How much does a person need capital until his project begins?- The project is open where anyone can enter it, whether with a small or large capital; Because the mechanism of work of devices depends on its quality, and each type at a price, and usually this type of investment can restore the capital during a period ranging from 6 months to a year and a half, as a maximum, and the prices of devices range from hundreds and thousands of dinars per device (300 – 20 thousand dinars), and the difference is in the income that the device achieves from mining, where the devices are allocated to mining certain currencies according to the power of the device. Its price. Aisha Abdullah: Most of our customers are from Saudi Arabia and the operating manager of the company, Aisha Abdullah, offers answers to new customers inquiries, on how to choose the most appropriate device. What are the most prominent questions of customers who come to the Createo Mainers? In the market, there are new currencies, but we do not recommend our customers. How much is the turnout in Bahrain?- The company has approximately 2500 Bahraini customers, but most customers from the Gulf countries such as Saudi Arabia, Kuwait, Qatar and even the children of countries that do not provide mining services that customers prefer hosting service that include electricity, the Internet, air conditioning and maintenance, which facilitates customers to enter this investment, and the hosting service depends on the type of device. Mining explains the director of technical sales at the Carbtomainers, Wassim Saad El-Din, during his dialogue with Al-Watan more details about investing in mining. What distinguishes “Creibo Mainzer” from the rest of the competitors? And its installation while providing maintenance for any device. The second advantage is our ability to provide consultations to investors, the question that always comes to us how to invest? How much is the amount, and here the person can invest in any amount available to him, so he can obtain a small device and continue his investments to reach the “Continner” stage, which has a capacity of 210 devices and its monthly income reaches 1.3 “bitcoin”, which is more than 100 thousand dinars per month. How much is the cost of “Continer”, and what other costs? “Continer” or the device, in countries that provide cheap electricity, the investor can restore his capital more quickly and earn profits. For example in Bahrain, a person can operate an average device in his home with an average cost of a monthly energy 30 dinars, and in that case the capital can be recovered in about a year, and then he will gain net profits for a period ranging between 4 to 5 years of net profits with an average capital recovery of up to 3-4 Fold. We give an example of numbers?- The average investor is in the range of 2000 dinars, with 30 dinars, the cost of electrical energy per month, and you can earn 110 dinars as a clear profit. People are skeptical about the device’s ability to reap profits around the clock, so can you explain to us how the device works in mining? It can be converted into currencies, and to simplify more, the device gets the reward as a result of its work in encrypting and solving complex mathematical equations in order to make the network safe. How do I sell and benefit currencies? To clarify, the device does not deal with digital currency platforms, but it is tied to the “mining” platform for encrypted currencies and the owner of the device will earn his profits inside that platform, and through it the gains can be transferred to trading platforms and sell them to enter directly into his bank account. What guarantees those rewards and can a breakthrough? The investor gets rewards representing 0.0005 «Bitcoin», and this in turn can be converted to trading platforms and selling them, and the mining platforms are managed by well-known international companies used by hundreds of millions, and fear of penetration is almost impossible. With the gains of the company, we have more than 3 thousand devices that are hosted in the company present in the Emirates branch, and the lease is to host in two way The investor. What is the percentage between the cost of hosting and profit? A specific device currency and what are the most prevalent devices?- Actually for each of the algorithm of a specific device, there is a group of devices that share algorithms, which can produce various digital currencies, and there are many types of devices, the most common of which is the L9 device. What is the device used for «Bitcoin mining»? According to the mining force, which is called #raate, which can be likened to the number of horses in a car. Abdullah Al-Yahya, Bahraini specialized in maintaining the modification devices in the Crypto Mainers Company, which explained to “Al-Watan” details about the forms of maintenance and repair. How did I specialize in this field? Maintenance, in which we provide the best service to customers in terms of maintenance of the device, delivery and equipping the place for the investor. What do the devices need periodic maintenance?- The device needs from each period to clean, and in other cases minor problems may occur in some of the pieces that the company provides and is changed quickly, as we offer in the company the service of selling used devices, and we have a full team to host, maintain and repair devices.
