GLOBAL CRYPTO MODULES
Our Story
April 2024 marked a new milestone in bitcoin mining when a long-planned change in the Bitcoin mining reward structure - called a "halving" - doubled the effort needed to mine new bitcoins. Since electricity accounts for around 70% of all costs of bitcoin production, low energy costs became even more critical. GCM's association with Global Connect Communications gives us a unique opportunity to access very cheap electricity earmarked for cryptocurrency production. This happened just as the Securities Exchange Commission gave its blessing to create funds for trading in bitcoins.
In response to these new lower cost and higher demand conditions, we brought together a team of Bitcoin and currency experts to seize upon them by establishing Global Crypto Modules Inc. (GCM).
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Having recognized that efficient bitcoin mining is a very costly proposition, we looked for a way to achieve the high performance of big miners without their prohibitively large investments.
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Our solution is creating independent mining modules and partnering with like-minded individuals to pool resources and acquire the means to specialize in cost-effective Bitcoin mining.
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Since great efficiency also is required for big bitcoin output, we round out the energy cost advantage by running state-of-the-art computers called ASICs to obtain high yields.
New units of bitcoins are generated (or “mined”) by applying algorithms to calculate extremely challenging mathematical solutions. A very large amount of computing power in application-specific integrated circuits (ASICs) is required to run trillions of calculations per second.
Our Cost Advantage
Unbeatable Costs
According to the U. S. Energy Information Administration (EIA), the cost of industrial electric power as of December 2023 averages 7.66 cents per kilowatt hour. Texas and New Mexico have the lowest average costs, at 5.87 cents per kilowatt hour and 5.44 cents per kilowatt hour, respectively. Missouri had an average cost of 7.33 cents per kilowatt hour. The state with the highest rate is Hawaii, with 35.0 cents per kilowatt hour.
Pursuant to its agreement with Connect, GCM has a five-year guaranteed cost of 3.80 cents per kilowatt hour.
Our Difference
Unmatched Efficiency
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Leveraging our low energy cost, we are installing the most efficient new mining equipment available in our modules, creating an unbeatable combination of low cost and high efficiency. The current average worldwide mining efficiency is 34 W/T; the lower the W/T number, the better. GCM is planning to start operations at a much more efficient 21 W/T.
Our Expertise
The Power of Partnering
Our team brings together international currency policy expertise and years of experience in the bitcoin mining industry. We use this knowledge to provide our partners with the highest possible bitcoin output every month. We are dedicated to staying up-to-date with the latest innovations in the field to ensure that we always obtain the most reliable and profitable mining results.
We are first and foremost producers of bitcoin, not speculators. Recognizing the enormous potential for an increase in the price of bitcoins, however, we make it easy for our partners to hold on to their share of the bitcoins we mine.