
Ermine is a Web3 application in the world of decentralized finance (DeFi).
Virtual miners are issued to mine the Ethereum cryptocurrency (Real Yield) or can be involved in staking.
You can earn by participating in mining, staking and referral program.
Virtual mining, unlike hardware mining, does not serve as a support for the health of the blockchain network.
All virtual mining operations are carried out in smart contracts within the blockchain. In order to profit from virtual mining, you must have a virtual miner and include it in one of the mining pools.
Some mining pools with a minimum miner connection period may require collateral in Ermine tokens (ERM) (guarantee against premature disconnection of the virtual miner before the end of the minimum period).
Virtual miners, unlike hardware miners, have many advantages, evaluate their quality.
The release of miners is limited in advance by the circulation in the smart contract. The main parameter of the miner is its performance measured in IPS. The more expensive the miner, the more productive it is and its 1 IPS will cost less. Select miners and add them to the order.
The abbreviation PPM or software mining pools perform operations according to the logic of a smart contract. When creating a PPM, its parameters are stored in a smart contract. Once the settings are saved, they cannot be changed. The first PPM "Guaranteed pool" has no restrictions and does not require security. The yield of a guaranteed pool can be up to 28% per year of the nominal price of a virtual miner.
Additional pools can generate more returns. Such pools can be limited in duration, require collateral in Ermine tokens (ERM), have minimum terms for including miners in the pool. Calculate your potential return with calculator.
Determine your possible income that you can get from virtual mining. For calculations, you need to specify the number of miners and select a pool to connect them.
First of all, virtual miners will be able to mine the Ethereum cryptocurrency. We plan to create partner pools for mining tokens in the Ethereum ecosystem.
1. Guarantee against premature shutdown of the miner. Pre-defined mining pools may require the connected miners to be constantly running for a certain period of time. The provision serves as a guarantee that the conditions for the performance of the miners in such a pool will be met. If the conditions are not met, then the security is non-refundable. 2. For ERM tokens, you can improve the conditions of the referral program. 3. Creating liquidity for the ReturnVM miner return system. 4. Participation in bonus pools.
Virtual mining will be launched at the end of the second quarter of 2023. At the start, at least three mining pools with different conditions will be available.
ReturnVM is a miner return system. After returning the miner to ReturnVM, you will be able to return 30% of the nominal price of the returned miner.
You can use Metamask, Coinbase, wallets with WalletConnect, Formatic in Ermine store and dApp. Other connection methods may be added.
The first 10,000 wallets will receive 100 ERM at a time. To do this, you need to buy a miner or take part in the referral program or connect the miner to the pool.
We are building the Ermine project and investing money from creditors and our own savings. Raising funds is necessary for operating activities, promotion and development of the project, security audits, listing and liquidity.
The Ermine team is public, open. We love to communicate, take part in forums, conferences, meetups and are ready to conduct a dialogue with our partners.