Whitepaper
Disclaimer and Legal Considerations This whitepaper is solely for informational purpose. It is not investment scheme and does not offer any securities. It is strongly recommended to read the entire paper carefully before making any decision about investment or any sort of participation. The purpose of this White Paper is to present Quake Smart Mining to community members who join the Quake Smart Mining Community in connection with the proposed Quake Smart Mining Token Launch, or Initial Coin Offering ( ICO ) and Crowdsale. All the information in this whitepaper should not be considered exhaustive and does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough analysis of the company with the intent of acquiring Quake Smart Mining Tokens. There are few statements, financial information, and estimations in this whitepaper. These statements are only for informational and educational purposes. Quake Mining does not hold any liability against any forward-looking statement in this whitepaper. These estimations also include known and unknown uncertainties and risks. The practical results may vary from estimation and may result in financial loss. Quake Mining will not be responsible for any incident or result caused by interpretation of these forward-looking statements and estimations. Nothing in this Whitepaper shall be deemed to constitute a prospectus of any sort of a solicitation for investment, nor does it, in any way, pertain to an oaring or a solicitation of an oar to buy any securities in any jurisdiction.
This whitepaper is not written and compiled in accordance with any laws of any state or country which are designed to protect investors. Any published or posted material from Quake mining and from its affiliates or subsidiaries should not be treated as investment advice. Quake Smart Mining does not intend to express financial, legal, tax, or any other advice and any conclusions drawn from statements made by, or on, Quake Smart Mining shall not be deemed to constitute advice in any jurisdiction. This English version of Quake Mining whitepaper is the official version and should be considered as the primary source of information. This whitepaper or the information in this whitepaper will be translated into other languages for better communication with some existing and new customers, partners and stakeholders. The translation of content can cause loss of some information or corrupt the content and may lead to misunderstanding. Quake Mining is not liable for any loss incurred due to any misinterpretation and misunderstanding. This version should take precedence in case of any inconsistency. Readers are strongly advised to do their own research and due diligence before making any decision for investment or participation.
Table of Contents 1. Overview...1 2. Introduction to Cryptocurrency Mining...2 2.1. Mining Hardware... 3 2.2. Challenges In Cryptocurrency Mining... 5 2.3. Role of Quake Mining In Crypto Industry... 5 3. Quake Mining: A Revolution in Crypto Mining...6 3.1. Quake s Mining Operation... 6 3.2. Mission & Vision... 7 3.3. How It Works... 7 3.4. Why Quake Mining... 9 3.4.1. Strategic Location... 9 3.4.2. Affordable & Renewable Energy... 11 3.4.3. Modern Tools and Technology... 11 3.4.4. Smart Mining... 12 3.4.5. Constant Payout... 12 3.4.6. Affiliate Program, Bounty Campaign and Contests 12 3.4.7. Team & Advisors... 13 4. Quake ICO...14 4.1. Token Details... 14 4.1.1. Token Allocation... 15 4.1.2. ERC20 Smart Contract... 16 4.2. ICO Dates... 19 4.2.1. Terms of Payment... 19 4.3. Mining Rewards Distribution... 20 5. Road Map...22 Legal Disclaimer & Risks...24 Contact Us...27 Sources...27 1 P a g e
1. Overview The mining of cryptocurrencies is one of the most important facets of cryptocurrency market. Most people don t know but the mining is the base on which this huge building of cryptocurrency is standing. Miners make transactions possible and discover new blocks in the blockchain. Due to this reason, miners get the reward in form of coins for their efforts. Due to technical challenges it is becoming almost impossible for ordinary people to earn reasonable mining rewards from mining. Quake Mining is committed to bringing cryptocurrency mining to the doorsteps of ordinary people. Quake Mining is Canada based company which is running its mining operation in Quebec Province. This is a cold region with low cost of electricity and fast internet which make it extremely suitable region for cryptocurrency mining. Electricity in Quebec is cheapest in Canada. The cost of electricity for Quake Mining in Quebec is just 2.4 cent USD per KW/h which makes company s mining operation more economical. Quake Mining has the vision to become one of the biggest and most profitable mining companies in the world. It has a streetsmart team, innovative plan, strategic location, updated tools and commitment professionals to make its vision come true. Quake Mining has decided to launch its token to get resources for its project. All token holders will get mining reward every week according to the number of tokens they are holding. In this way, token holders will not only have their investment in their hand in the form of our token and they will also enjoy reasonable profit on their investment. As the mining operation of Quake Mining will expand the value of token will also increase. 1 P a g e Q u a k e M i n i n g
2. Introduction to Cryptocurrency Mining The arrival of World Wide Web has changed the world in lots of different ways through technologies like social cloud computing, social media, Internet of Things and E-commerce. The most recent innovative product of World Wide Web is blockchain and cryptocurrency. The development of first cryptocurrency, Bitcoin, was very quiet but this technology got the attention of people when the price of Bitcoin, Ethereum, and other major currencies shoot up in 2016. Their prices broke all records in 2017 ended up making thousands of people Millionaire all over the globe. Now, these currencies have got the attention of the whole world and crypto market has become Billion Dollar market. The popularity of virtual currencies is not only bringing more investors to the market but also increasing the number of these currencies. More than 1500 currencies are already part of this market. The graph shows the market capitalization of all cryptocurrencies over the last one year. Earlier this year, market cap crossed the bar of 800 billion USD which shows the potential of this market. Market Capitalization of Cryptocurrencies over last 12 months 1 Majority of people don t have any idea that one of the most important factors in the success of any crypto coin is the cost and speed of transaction. Cryptocurrencies are based on blockchain technology. Blockchain is a decentralized ledger which records all transactions and 2 P a g e Q u a k e M i n i n g
stores it in blocks. Once a block is full, it creates a new block. Any user can get this ledger and read it. Any computer or computing device with this ledger is also referred as the node. Whenever a new transaction occurs in the blockchain of any node it sends updated blockchain to other nodes for verification according to the rules defined in smart contract. This process of cross-checking blockchains, verifying the transaction and finding a new block for the blockchain is referred as mining and machines that do this work are called miners. It is almost impossible to transfer minable coins safely, efficiently and cheaply without having large number of miners dedicated for that coin. It is important to incentivize mining of cryptocurrencies to ensure large number of people mine otherwise any corporation with large number of mining machines can corrupt the blockchain. To achieve this goal miners are provided with a small fraction of coin for every transaction verifications done by them and for playing their rule to solve mathematical equation to find a new block of the blockchain. The value of incentive received by miners depends on several factors including value of the coin, number of unlock coins, total number of miners, total number of transactions per second and nature of smart contract. Due to this highly sophisticated criterion it is not possible for ordinary person to find out how much he will get through his mining efforts. It is also a fact that there are lots of people and companies out there which are earning through cryptocurrency mining. It is not possible to calculate total number of mining machines all over the world but it is estimated that there are more than 500 million mining machines out there. 2.1. Mining Hardware Special tools are used for the mining of cryptocurrencies. There are two types of tools currently available in market. 3 P a g e Q u a k e M i n i n g
GPU: Graphic Processing Unit (GPU) solves imaging algorithms and it was used by gamers to play high quality games without compromising on speed and quality of video. This device is used by crypto miners. Now special GPUs are also available for crypto mining which can be used to mine large number of cryptocurrencies. ASIC: Application Specific Integrated Circuit (ASIC) are special devices which are used for some pre-defined functions only. This device was launched in 2013 specifically for Bitcoin mining but now it is available for the mining of multiple coins. It is small device with high efficiency but it is hard to acquire and resold due to its usage only for specific purposes. Both ASICs and GPUs have their own pros and cons due to which Quake Mining will use both types of devices to complement its mining facility. 4 P a g e Q u a k e M i n i n g
2.2. Challenges In Cryptocurrency Mining Cryptocurrency mining is one of the most important part of the crypto market but there are lots of challenges for crypto mining especially for small and medium level minors. First of all, cryptocurrency mining is a very technical process which requires special tools for mining and skills to calculate profitability. Lots of miners fail to earn decent profit due to their inability to select right coin for mining. Most people think that the mining of most popular currency, Bitcoin, will get them maximum profit but mining of Bitcoin is very difficult and cost too much money due to which these people usually ended losing money due to high electricity cost and breaking down of mining devices. Some things that affect the cost of mining include building infrastructure, specifications of mining devices, cost of electricity, cost for cooling mining machines, maintaining the infrastructure and repairing in case of any failure. There are lots of mining profit calculators available on various websites but they confuse people more. Due to all these challenges it is becoming very difficult for ordinary people to earn decent profit from crypto mining easily. 2.3. Role of Quake Mining In Crypto Industry Quake Mining is cryptocurrency mining company. It is reducing the gap between ordinary people and cryptocurrency mining. Quake Mining is creating a new facility for mining cryptocurrency which will allow ordinary people to invest in cryptocurrency mining easily and earn good profit without spending too much time on calculating profit ratios and mining techniques. Quake Mining is committed to resolve all challenges in the mining market and provide a novel approach to the world to revolutionize the crypto industry. 5 P a g e Q u a k e M i n i n g
3. Quake Mining: A Revolution in Crypto Mining Quake Mining is crypto mining pioneer which is striving to develop most efficient approach to solve crypto mining challenges. Quake Mining is Canada based company having a mining facility in Laurentian Region in Quebec province of Canada. Cryptocurrency mining is very technical and expensive process due to which ordinary people can t do it easily despite the fact cryptocurrency mining is very profitable business. Quake Mining is providing everyone an opportunity to earn good profit through cryptocurrency mining. 3.1. Quake s Mining Operation Quake Mining is starting its mining operation in Quebec Province of Canada. The goal is to mine only those currencies which promise higher profitability. The profitability of mining operation depends on several factors and we have a team to take care of all these factors. The mining operation of Quake Mining will continue for 24 hours of the day and for all 365 days of the year. The most important part of mining is to keep machines running all the time. Every second is important in this operation because every wasted second reduces the profitability. We have on-site experts who will keep check on all miners. Special cloud management system will be used for the monitoring of miners through a control room. If a machine fails due to any reason our experts will be able to see it instantly on the system and on-site experts will fix the issues instantly. In order to make our mining facility 100% secure we will install security cameras and employ security guards who will patrol the facility. 6 P a g e Q u a k e M i n i n g
3.2. Mission & Vision This whitepaper serves as declaration of intent of Quake Mining and explains clearly what we are doing and where we are taking our token holders. We will keep our token holders informed with our progress through our website and social media pages. The vision of Quake Mining is to develop one of the biggest and most profitable cryptocurrency mining facilities in the world. The goal is to enable average people to invest in this market easily and earn good mining reward without going through hectic process of establishing mining infrastructure and calculating profits. We are striving to reduce the cost of mining. Our aim is to develop an expandable infrastructure to ensure that we easily expand out mining operation which will also increase the value of our token. Our concentration is 100% on cryptocurrency mining in order to earn maximum mining rewards for our company and token holders. We will not blind our token holders with ecoverse, investment, debit card, hosting equipment, etc. We will be able to operate on lower cost due to our energy efficiencies and we will pass those saving on to our token holders. 3.3. How It Works Quake Mining is launching its own token (QUAK). The token holder will get a share of mining rewards according to the number of tokens they hold. Any person can get QUAK token through Bitcoin, Litecoin, Dash, or Ethereum. Since our token is ERC20 therefore investors will be able to hold QUAK token in any ERC20 compatible Ethereum wallet like MyEtherWallet. Quake Mining is using Proof-of-Work (PoW) algorithm and SmartWare software to make its mining operation more profitable. SmartWare is custom built software which will 7 P a g e Q u a k e M i n i n g
enable Quake Mining to scan crypto-mining market to find out which coins are most profitable to mine. We will adjust out equipment accordingly. SmartWare will analyze coin on the basis of their price, difficulty factor, exchange rate, hash algorithm and our mining equipment. We will transfer all our mined coins to Quake Mining Wallet and then switch all of them to Ethereum. After this conversion Ethereum coins will be distributed to the token holders every week with the help of our smart contract and Quake Mining refer this process as "Smart Managed Cryptomining". We are also developing a decentralized app (DApp). Users of this application will be able to overview our mining operation coin value, mining capacity and individual earnings, different coins mined, rigs status, rewards, hash rate etc. In this process every token holder will automatically get his share of mining rewards automatically and transparently. Income from mining farm of Quake Mining in form of Bitcoin and Altcoins Transfer of coin to Quake Mining Wallet and their conversion to Ethereum ERC20 Smart Contract of Quake Mining QUAK Token Holder QUAK Token Holder QUAK Token Holder Smart Managed Cryptomining of Quake Mining 8 P a g e Q u a k e M i n i n g
3.4. Why Quake Mining There are lots of factors which make Quake Mining better than other cryptocurrency miners out there some of these factors are following. Comparison of Quake Mining with Home mining and standard mining farms Standard Home Standard Farm Quake Mining Mining Options Operated with traditional energy sources Operated with traditional energy sources Using economical energy from Hydro-Quebec and renewable energy with smart cooling system and custom build software Monitoring User Reliant 24/7 24/7 Electricity Cost (kwh) Approx USD 0.18 Approx USD 0.12 0.024 Noise Level High High Low Heat Level High Medium Low Production Efficiency Low Medium High Hardware Cost High Market Price Medium Up to 15% Cheaper Low Up to 30% Cheaper Hardware Availability Poor Average Good Space Availability Limited Unlimited Unlimited & Organized Profitability Low Medium High Environmental Impact Medium High Low 3.4.1. Strategic Location Quake Mining will run its mining operation in Laurentian region of Quebec, Canada. This is very suitable place for mining due to its cold climate. The average temperature in this region is 30 o F (-1 o C). In winter temperature drops to below 6 o F (-14 o C) and in summer 9 P a g e Q u a k e M i n i n g
temperature reaches to around 82 o F (28 o C). Miners all over the world spend thousands of dollars every month just to keep their equipment cool even then they face frequent failure due to overheating of machines. Quake Mining has very suitable place for mining which will not only reduce the cost for cooling machines but will also reduce the rate of failure. University of Cambridge conducted a research to evaluate the suitability of different regions for cryptocurrency mining. According to their research Canada and Russia are best places to mine cryptocurrencies. Quake Mining has its headquarters in Quebec, Canada, which has low electricity rates, low average temperature, and fast internet connection. The cost of electricity for data centers in this region of Canada is only 2.4 cents USD per Kw/h therefore Quake Mining will have electricity in 2.4 cents USD per Kw/h. Any person living in any part of the world now can mine cryptocurrency in Canada with the help of Quake Mining. Evaluation of region for mining of cryptocurrencies 2 10 P a g e Q u a k e M i n i n g
3.4.2. Affordable & Renewable Energy The cost of electricity is another big factor in limiting the profitability of the mining operations. Sometimes electricity cost more money than the value of tokens received during mining which result in the loss rather profit. The change in the price of electricity also changes the profit ratio. It is important to have a stable and economical supply of electricity. Quake Mining will use affordable and renewable energy from Hydro-Quebec. In future we will use solar energy in our mining operation. In this way we will always have cheap and environmental friendly energy which will not only increase our ROI but will also keep environment safe and clean. 3.4.3. Modern Tools and Technology The world of cryptocurrency mining is advancing very quickly. The number of cryptocurrency miner manufacturers is increasing rapidly which is also confusing miners. Now we have Bitmain, Canaan, Ebang, BitFury, Nvidia, GekkoScience and lots of other companies in market. These companies launch a better miner after every few months. Quake Mining has street smart team who has very keen eye on the market. We know which equipment to use for mining and when to get rid of it. Quake Mining is not a fan of any manufacturer and buy hardware on the basis of performance. The price of mining machines varies from $500 to $5000 therefore it is not possible for even small and medium organizations to keep updating their hardware but Quake Mining will update its hardware after the launch of better miner by any company. Our updated equipment will keep us ahead of all other mining companies out there. Old hardware will either be resold or used for value adding purpose. Quake Mining will develop a smart plan to keep ROI high while updating and expanding the infrastructure. 11 P a g e Q u a k e M i n i n g
3.4.4. Smart Mining It is important to select right currency for mining. Quake Mining will not focus on any one currency or machine. We will do research to find the right combination. Our smart mining approach will yield us high mining rewards. We do extensive research and make charts to compare results before making decision. We keep revising our plan because we know that one currency can t give high profitability all the time. We will also have on-site experts to maintain the miners and tackle any failure. 3.4.5. Constant Payout Our token holders will get their mining rewards according to the number of QUAK tokens they hold. In this way they will have stable stream of profit irrespective of market price of QUAK token. 3.4.6. Affiliate Program, Bounty Campaign and Contests Quake Mining is offering free token to those people who promote our project through our affiliate program. Users just need to get registered and share the news of Quake Mining through their referral link. You will get 5% referral bonus on Quake Token purchase through referral link. It means if investors buy 100 Quake tokens through your referral link then you will get 5 tokens as bonus. We have allocated a fair amount of token for this affiliate program. We will also launch bounty campaigns on bitcointalk which will cover various social media platforms so that active social media users can help us in our cause. We will reward them with free tokens of Quake Mining. We have allocated 1.5 million tokens just for our bounty campaigns. By completing bounty tasks you will receive bounty-stakes, which are divided into the following 12 P a g e Q u a k e M i n i n g
categories: twitter, facebook, youtube, bitcointalk, signature, campaign, bitcointalk translation and moderation, writing blog posts and posting articles in popular media. After the completion of ICO we will distribute 1.5 million Quake tokens proportionally to bounty-stakes. If affiliate program and bounty campaigns are not enough then you can get our token for free through contests. T here will be the contest in these categories: Futuristic and high tech video of Quake mining Video review of our project Meme Logo Quake coin design Cinematic Intro 3.4.7. Team & Advisors It is vital for any company to have a devoted and skilled team to run business operations successfully. Auspiciously Quake Mining has a dedicated and committed team of highlyexperienced cryptocurrency enthusiast. Chief miner of Quake Mining is in cryptocurrency mining business since 2014. Co-founder of the company also has proven experience with excellent track record. Quake mining has small but very efficient team of dedicated personal who know what to mine and when. Chief engineer and support staff in the facility stay vigilant to oversee all day-to-day mining operations. All these factors make Quake Mining one of the most promising cryptocurrency mining companies in the world. 13 P a g e Q u a k e M i n i n g
4. Quake ICO Quake Mining has all tools, skills, and plan to solve all problems of cryptocurrency mining but it requires investment to quickly implement its plan. To achieve this goal, Quake Mining has decided to launch its Initial Coin Offering. This ICO will not only help Quake Mining to revolutionize mining business but will also enable ordinary people to become the part of the cryptocurrency mining business easily. Quake Mining ensures maximum return on investment through its impeccable mining approach and strategic location due to which investors will be getting higher mining rewards than any other mining pool. 4.1. Token Details Quake Mining is an ERC20 token which entitles token holders to receive 60% of the total mining rewards. Token holders will receive 100% of these mining rewards every week in the form of dividend. Token Name: Quake Token Symbol: QUAK Smart Contract Type: ERC 20 Total Supply: 33,000,000 Soft Cap: $2,250,000 USD Hard Cap: $31,050,000 USD QUAK token can be bought using Bitcoin, Ethereum, Litecoin and DASH. 14 P a g e Q u a k e M i n i n g
Minimum Investment: $100 USD Maximum Investment: $10,000 USD The upper limit for investment is to ensure that maximum number of people can become part of our family. If anyone wants to invest more than $10,000 then he can contact us through admin@quakemining.com 4.1.1. Token Allocation Quake Mining understands that the distribution of right number of tokens for right purpose is crucial for success therefore we allocated tokens not only for ICO but also for bounty campaign, affiliate program and causes./ here is our token distribution detail. Pre-ICO tokens: 2.5 million ICO Tokens: 24 million Tokens reserved for Affiliate Program: 1.65 million Tokens for Bounty Campaign: 1.5 million Tokens for founders: 3 million * Tokens for contests and promos: 350,000 * 500,000 tokens are available for founders. 2.5 million tokens of founders are frozen. 500,000 of these 3 million tokens will be unfrozen after every 6 months 15 P a g e Q u a k e M i n i n g
4.1.2. ERC20 Smart Contract Smart Contract is a special contract that resides in blockchain and provides the basic criterion for the validation and verification of transaction. A transaction can only be verified if it fulfills all requirements mentioned in the smart contract. Smart contract are better than traditional contracts before it automatically executed when all conditions of contract are completed. A computer program is used to check and execute smart contract which eliminates the need to manual verification. In this way smart contract has eliminate the need of intermediaries like banks. Quake Mining is using Ethereum blockchain and ERC20 smart contract for its token. There are lots of benefits of ERC20 token. First of all Ethereum has very active community which has a strong eye on recent development. This community keeps Ethereum safe and up to date. It is easy to store ERC20 token because lots of software and hardware wallets support ERC tokens. Any user can see the blockchain of Ethereum and they can find out number of token in any address due to which ERC20 tokens are transparent. Only one user, contract owner, can issue the token therefore no one can increase the number of QUAK token or acquire them illicitly. Only one user can hold one ERC token which prevents conflicts. 16 P a g e Q u a k e M i n i n g
Token Distribution 0.35 million 1.65 million 1.5 million 3 million 2.5 million 24 million Pre-ICO: This phase will continue for from 1st May to 15th May. Token will be available at minimum price in this phase. ICO: This phase will have rounds and it will continue from 16th May to 15th July Affiliate: These tokens are for affilates who will help the company to promote its project Bounty Compaign: These tokens are allocated for our bounty campaign running on bitcointalk Founders: 500,000 tokens are available for founders. 2.5 million tokens of founders are frozen. 500,000 of these 3 million tokens will be unfrozen after every 6 months Contests & Promos: These tokens will be used for promos and to organize contests which are detailed in bitcointalk thread 17 P a g e Q u a k e M i n i n g
Allocation of Funds Collected Through ICO 8% 2% 90% Buying New Equipment: The company will buy mining equiment and necessary tools with 90% of resources to start its mining operation. Legal and Administration Fee: 8% resources will be used for administrative purposes, ICO fees & marketing, advisors, research, exchange application and to protect the legal rights of the company and its investors. Unforseen Expenses: 2% resources will be used to tackle any emergency or unforseen event. 18 P a g e Q u a k e M i n i n g
4.2. ICO Dates QUAK token will be sold in 4 stages. Here are the details for all ICO stages Stage Start Date End Date Token to be sold Price per Token Pre-ICO May 1, 2018 May 15, 2018 2.5 million $0.90 ICO Round 1 May 16, 2018 When allocated 8 8 million $1.10 million tokens sold out ICO Round 2 Right after When allocated 8 8 million $1.20 Round 1 million tokens sold out ICO Round 3 Right after Round 2 July 15, 2018 8 million $1.30 Note: If 24 million tokens are not sold out completely during ICO then remaining tokens will be burnt out on 1 st August 2018. 4.2.1. Terms of Payment Quake Mining is keeping the process of buying token very short and simple. You just need to visit our website https://quakemining.com/ and select number of token you want to buy and payment method. After this step, the system will generate an invoice with an address so that you know how many coins you have to send to which address. You can buy QUAK token through Bitcoin, Ethereum, Litcoin and Dash. After successful payment you will receive QUAK token in your provided address within next two weeks after token sale. 19 P a g e Q u a k e M i n i n g
4.3. Mining Rewards Distribution It is important to distribute mining rewards fairly and have a strong plan for it. Quake Mining has assign better portion of mining rewards to its token holders. 60% of the mining rewards will be divided to token holders as per total number of tokens they hold. Quake Mining will distribute mining rewards every week because we don t want people to wait months to taste their profit. 25% of the mining rewards will be put aside to buy latest mining machines. New mining equipment will also increase the hash power of the company. We have plans to update our equipment after every 6 months so that our facility expands by 150 to 200% every year. In this way, the profitability of Quake Mining will always be high and expansion of infrastructure will also increase the value of QUAK token. 14% of mining rewards will be used for maintenance and administrative purposes. 1% of mining rewards is reserved to build a new mining facility with solar capacity. This 1% will be accumulated for 2 years to build new mining facility. 20 P a g e Q u a k e M i n i n g
Mining Rewards Distribution 14% 1% 25% 60% Dividends to Token Holders: Token holders will get 60% share of mining rewards every week. Mining rewards will be divided to each token holder as per number of token in his possession Reserve to Buy New Equipment: 25% of the mining rewards will be reserved to buy new mining equipment after every 6 months. Administration, maintenance, electricity: 14% mining rewards are for maintenance and administrative purposes. Building New Facility: 1% of mining rewards will be reserved for 2 years and it will be accumulated to build a new renewable energy based mining facility. 21 P a g e Q u a k e M i n i n g
5. Road Map Event Date Idea & Research December 2017 Development, Getting Ready March 2018 Pre-ICO May 1, 2018 Launching ICO May 16, 2018 End of ICO, Legal, Research, Exchange Application July 2018 Installation of New Mining Equipment October 2018 First Payouts November 2018 Buying New Equipment Q2 & Q4 2019 Construction of our own Facility 2020 22 P a g e Q u a k e M i n i n g
Construction of our own Facility (2020).9 8. Buying New Equipment (Q2 & Q4 2019) First Payouts (November 2018).7 Installation of New Mining Equipment (October 2018).6 End of ICO, Legal, Research, Exchange Application (July 2018).5 4. Launching ICO (May 16, 2018) 3. Pre-ICO (May 1, 2018) 2. Development, Getting Ready (March 2018) 1. Idea & Research (December 2017) 23 P a g e Q u a k e M i n i n g
Legal Disclaimer & Risks This Whitepaper is to showcase the project of Quake Mining, which is basically a crowdfunded operation of cryptocurrency mining. This whitepaper is to provide relevant information to people so that they can decide to do their own due diligence for participating in ICO of Quake Mining. This paper is not providing any contract and nor a solicitation for participation or investment. There are few statements, financial information and estimations in this whitepaper. These statements are only for informational and educational purposes. Quake Mining does not hold any liability against any forward-looking statement in this whitepaper. These estimations also include known and unknown uncertainties and risks. The practical results may vary from estimation and may result financial loss. Quake Mining will not be responsible for any incident or result caused by interpretation of these forward-looking statements and estimations. Nothing in this Whitepaper shall be deemed to constitute a prospectus of any sort of a solicitation for investment, nor does it, in any way, pertain to an oaring or a solicitation of an oar to buy any securities in any jurisdiction. This whitepaper is not written and compiled in accordance with any laws of any state or country which are designed to protect investors. Any published or posted material from Quake mining and from its affiliates or subsidiaries should not be treated as investment advice. Quake Smart Mining does not intend to express financial, legal, tax, or any other advice and any conclusions drawn from statements made by, or on, Quake Smart Mining shall not be deemed to constitute advice in any jurisdiction. Please keep in mind that cryptocurrencies are not legal tender and participating in the mining of these currencies do not ensure or guarantee any financial gain. Lots of factors play their role in 24 P a g e Q u a k e M i n i n g
profitability of mining. We are confident that our experience, expertise and knowledge will help us to minimize risks but market volatility, regulatory laws, and fluctuating demand will have its effect. Here are some important details and risks that you must know before participating in the ICO of Quake Mining. Users will be responsible for the security of their data. It is advised to not transfer any funds to any address during ICO. The official addresses for funds transferring are mentioned on our official website https://quakemining.com/ Funds can't be transferred directly from any exchange. Kindly use personal wallets to transfer funds. Quake Mining will not send its addresses through email therefore don't accept any offer you receive through e-mail. If soft cap is not achieved then all investors can claim refund after 15th July 2018.Funds will be refunded after calculating transaction fees. If soft cap of $2,250,000 million is achieved then funds will not be refunded. All purchases are final and Quake Mining will not take responsibility for lost funds if any action taken by purchaser. Mining operations depends on certain hardware and software which poses some risks. Quake Mining will diversify its mining centers to mitigate these risks. Smart contract is new technology which has unforeseen risk which are not limited to financial and operational risks. There are no specific regulations about cryptocurrency in most countries. In future these regulations can lead to reduction of the value of token and can even lead to complete loss of token. 25 P a g e Q u a k e M i n i n g
Prices of most popular cryptocurrencies are growing over the last few years but it does not guarantee profit in future. Selling of token against fiat currency can be stopped to minimize the risk of changing value of token against fiat currencies. Mining rewards can be affected by changing prices of coin, cost of equipment and increasing number of currencies. Price of QUAK token will fluctuate due to several reasons. Quake Mining does not guarantee any specific price for its token in future. Logistics are important for Quake Mining but delays in delivery of equipment can cause financial loss. Cost of energy fluctuates even when renewable energy is used due to which mining cost will also fluctuate and it will affect profitability. Maintenance cost and operating expenses don't remain stable which can change price of token and profitability. Token holders may have to give taxes or may have to face legal consequences. Quake Mining is not liable for taxes and don't provide tax advices. Quake Mining is operating in Quebec, Canada and it will comply with local laws therefore token holders will also have to comply with these laws. 26 P a g e Q u a k e M i n i n g
Contact Us For more details and queries you can contact us through Website: https://quakemining.com Info: info@quakemining.com Support: support@quakemining.com You can also join us on our social media pages Telegram: https://t.me/joinchat/iqft3hjnwpgsoblr9mnbfg Twitter: https://twitter.com/quakemining Facebook: https://www.facebook.com/quake-mining-2027686440822522/ Sources 1 https://coinmarketcap.com/charts/ 2 https://www.investopedia.com/news/china-may-curb-electricity-bitcoin-miners-will-prices-fall/ 27 P a g e Q u a k e M i n i n g