We are not yet engaged in this activity. As soon as we reach other targets set for the other parts of the portfolio, this will be next on the list for diversification. We expect to be engaged here roughly around the month of September 2018 if not sooner.
Mining is the backbone that allows Bitcoin to function. New Bitcoins are created as a reward for miners who secure & verify payments in the blockchain. We are associated with one of the largest, most stable and diverse mining groups in existence. We purchase mining contracts, which allows the network to buy more equipment to expand their capacity and as coins are mined, and come into existence we receive Bitcoins proportionate to our involvement.
Profits are paid on a daily basis based on our share of the mining pool. Profits may be re-invested to leverage the position in mining contracts which we do for the first 12 months. There are specific strategies on how to do this to maximize earnings. These strategies require capital. By being involved with us here, certificate unit holders can benefit from that maximized revenue while sharing the capital requirements with other certificate unit holders.
Active miners who have been involved for more than 1 year, have seen annual growth in the value of their initial investment up to and surpassing 4 times their initial investment. There are strategies for increasing this substantially.
Watch for more on this exciting opportunity to be announced in the days ahead.