Blockware 101

• Who is Blockware Solutions?
• What makes Blockware unique?
• More About Blockware Hosting Sites
• What is the Blockware Marketplace?
• How to use the Blockware Marketplace?
• Can I buy rigs in bulk?
• What type of machine should I buy?
• What are your hosting rates and how do I pay?
• What happens if my machine requires maintenance?
• Helpful Links

Founded in 2017 and with mining experience dating to 2013, Blockware Solutions has experienced the highs and lows of Bitcoin cycles, and is equipped with the expertise necessary to handle the unique challenges of each phase of the market cycle. Throughout our history, Blockware has been at the forefront of innovation in the mining industry, and has set the standard for both retail and institutional miners alike.

From pioneering Mining-as-a-Service in North America, building, owning and operating facilities, and launching the Blockware Marketplace, we have established an international reputation as the most trusted name in the world of Bitcoin mining.

Here are some of our accomplishments since inception:

• 300,000+ Mining Rigs Sold
• 400+ MW of Hosting Clients Placed
• 1,000+ BTC mined through the Blockware Pool
• 50,000,000+ views on Blockware Media/Research

Founding Team

Mason Jappa – Chief Executive Officer

Sam Chwarzynski – Chief Investment Officer

Matt D’Souza, CPA – Late Co-Founder

Since inception, Blockware has been in the business of counterparty risk mitigation. This operational focus is one of many factors that sets Blockware Solutions in a tier above the rest of the industry.

Back in 2021, we looked to the market and saw a frothy industry. Competitors were plugging machines in anywhere they could find space, whether the operators were capable of providing quality service or not. We saw this as a signal of an industry riddled with counterparty risk. This is why we elected to move our client’s machines out of 3rd party facilities, and spent the time, capital and man-power required to build 2 high-quality mining facilities located in Kentucky, USA.

In the same stroke, we began the development of our most exciting innovation to date, the Blockware Marketplace. This platform, released to the public in 2023, has completed changed the hosted mining game, and enables Bitcoiners to buy and sell turnkey ASICs with complete transparency surrounding historical performance, costs/revenues, location, etc.

The aforementioned Blockware Marketplace was released to the public in Q2 2023 and tackles past hosting struggles by enabling

1. Zero Lead Time Mining
2. Full Transparency
3. Access to ASIC Liquidity

This all-in-one platform, built on the Lightning Network, has solved these issues for good. All machines you can see listed for sale on the platform were done so by their current owner, at the price they chose. You can click on an individual listing to see how that machine has performed over the last 30 days, when it was plugged in, how much revenue it’s been producing, its serial number, its hosting rate, and more.

With machines required to be paid for in BTC, revenue paid from the Blockware Pool in BTC, and rig sale proceeds coming direct to your wallet in BTC, the Blockware Marketplace is a circular Bitcoin economy. The Marketplace website also has tabs for you to view your fleet’s performance 24/7/265, your past and pending payouts, and a list of your transactions.

Transacting on the Blockware Marketplace is very simple.

1. Create an account
2. Complete the onboarding process
   • Submit billing information
   • Sign the Master Purchase Agreement
3. Save a Receive Address where you’d like your mining rewards and any ASIC sale proceeds to be sent
4. Select the ASIC you’d like to purchase and the hosting term you prefer
   • You can also place a bid on a specific model
5. Submit payment within 24 hours to the Bitcoin Address provided

We require 6 on-chain conformations (approx. 1 hour) before the machine’s legal ownership is transferred to your name and the machines associated rewards begin flowing to your wallet. You will receive an email notification when this process is complete, and you can then view your machine on your Dashboard or “Assets” tab.

It’s really that simple!

Yes, you can absolutely buy ASICs in bulk with us! We have 2 methods of purchasing rigs, which have pros and cons suited to different individual’s needs.

1. Blockware Marketplace Transaction
   • This method allows you to get near-instant hashrate, and understand how the machine performs before purchasing
   • Bitcoin is the only payment method accepted
   • Best for retail miners in the market for 1-9 machines
2. Over-The-Counter Purchase
   • OTC purchases enable customers to get the most bang for their buck, as bulk rig pricing tends to be lower than marketplace listing prices
   • Lead times are generally 3-5 weeks, but may vary depending on market factors
   • Best for retail/institutional miners who are looking to purchase 10+ machines
   • Accepted payment methods include USD ACH, Wire, USDC, USDT and BTC

Fill out a form here, to get directly in-touch with a member of the Blockware Sales team.

The specific model of machine that is best suited for you is a fairly personal decision, and comes down to many factors such as budget, time horizon, and risk tolerance. For this reason, we recommend filling out a contact form to speak with an Account Executive who can help walk you through the options, and personalize your fleet to best suit your goals.

Generally speaking, we tend to recommend the most efficient machines as a good fit for most, as they provide a level of downside security that isn’t found in older-gen hardware. With the 2024 Halving quickly approaching, running new-gen ASICs with strong J/Th efficiency ratings is important to set yourself up for the best possible success. This would include the Antminer S19 XP, S19k Pro and S21, or the Whatsminer M50 and M60, to name a few.

That being said, as previously mentioned, what’s best for some customers may not be what’s best for you, which is why we strongly recommend learning as much about mining as you can, something that we’re happy to help you with.

ASICs are ~40lb computers that run 24/7 and consume more electricity than an average American household. Like any piece of hardware, machines can occasionally require maintenance and repairs. We charge a $7/month cleaning fee to help avoid some of these issues, but some may be unavoidable.

Bitmain and Whatsminer ASICs all come with a 365-day warranty. In the case that your machine falls under warranty and requires a fix, it will be sent to an OEM-certified RMA facility in the US to be repaired. The cost of this repair is free, but you will be charged for shipping the machine to and from the facility at cost.

Issues that occur outside of the warranty period will be communicated to the client and can often be handled in-house by our team of licensed technicians. More complicated repairs are sent out to 3rd party facilities to be performed by specialized technicians. Once again, the costs and timing of these repairs will be communicated to you when necessary.

If you notice that a machine is offline or underperforming, you can fill out a technical support ticket here to get in touch with our support team.

Still have questions or want to buy ASICs in bulk?

• [email protected]
• blockwaresolutions.com/contacts/
• Other FAQs

Blockware Solutions LLC 3800 N. Lamar Blvd.,
Suite 200 Austin, TX 78756

www.blockwaresolutions.com

Institutional Hosted Mining & Hardware Procurement

Blockware Solutions provides the critical connection institutions needed to access the mining ecosystem in a trusted, scalable, and seamless way.

Blockware Solutions Core Offering:

• Mining Rig Procurement
• Turnkey Hosting Services
• Mining Pool Participation
• Miner Management Software
• Blockware Marketplace

Blockware Research and Publications

Industry Leading Research and Reports : https://www.blockwaresolutions.com/blockware-research-and-publications

Weekly Intelligence Newsletter : https://www.blockwareintelligence.com

Blockware Intelligence Dashboard : https://intelligence.blockwaresolutions.com

Blockware Intelligence YouTube Channel (50,000+ subscribers) : https://www.youtube.com/c/BlockwareIntelligence/videos