BitcoinAlley is a United Stated based Bitcoin mining operator. Our goal is to become one of the largest Bitcoin mining facilities worldwide utilizing clean, low-cost renewable sources of energy.
As our operations continue to scale we will offer non-fungible token (“NFT”) based cloud mining. Therefore, anyone in the world will be able to invest in our operations and earn Bitcoin into their wallet(s).
Qualified Custodian for Digital Assets
Throughout BitcoinAlley’s business history and experience dealing with cryptocurrencies, we have solved the regulatory puzzle to become a Qualified Custodian for Digital Assets (Cryptocurrency) in the Unites States. In the future, we are looking to deploy our own fully insured and regulated custodial services for our mining business to further reduce costs for our investors.
Since 2017, BitcoinAlley has been designing systems to improve the efficiency of mining (hash rate). We have designed and deployed liquid cooling systems for Bitcoin miners, which allowed us to:
John recently retired from the Tennessee Valley Authority in 2016 as
Senior Vice President of operations at the Sequoia nuclear plant.
John’s background includes over four decades of experience in the field of power generation. John started his career in the U.S. Navy Nuclear Propulsion Program. While in the Navy he earned his Bachelor of Science in General Science from The University of the State of New York. Upon leaving the Navy, he began his civilian career working for a major power and technology consulting firm, rapidly rising to an executive level while completing his MBA at National University. He then transitioned to working at the executive leadership level with major power companies including Exelon, PSEG and the Tennessee Valley Authority. He held governance and oversight responsibilities at the fleet and site level for all aspects of operations, engineering, business operations, physical security, cybersecurity, information technology, regulatory affairs as well as direct management of over $8B in major projects.
John brings a wealth of business and decades of experience in the highly regulated power sector managing $2-12B business units. His experience working in technically demanding industry and his demonstrated ability to manage multi-billion dollar operations makes him uniquely qualified to lead Bitcoin Alley.
Edwin has over three decades of project finance and private equity advisory experience during which time he initiated, closed, and/or syndicated over 100 transactions exceeding $50 billion for multipurpose sports and entertainment facilities, and alternative energy and co-generation, infrastructure, natural resource development, real estate, transportation and telecommunications projects.
Widely recognized as a financial visionary, Ruh created the RACER© methodology to analyze senior debt’s return on project finance transactions and has authored and/or co-authored 24 articles and working papers.
Mr. Ruh holds a law degree from Yale University;
Master’s Degree in Public Administration from the John F. Kennedy School of Government, Harvard University;
Master’s Degree in Business Administration
and Public Policy from the Heinz School at Carnegie Mellon University;
Certificate in Materials Science from the University of Michigan;
And a Bachelor’s Degree in Science from Pennsylvania State University.
Bob Carlin’s experience includes over 20 years in the financial services sector in various capacities including as a stockbroker, compliance officer and as a compliance/operations consultant with a focus on regulatory issues. Bob has a Bachelor’s of Science in Business Administration from Virginia Commonwealth University.
Bob is highly experienced in navigating various regulatory bodies to ensure compliance and that knowledge will be used to keep Bitcoin Alley in compliance with current and future regulations. As VP Operations/Compliance of Bitcoin Alley, he also brings experience in operations, finance, and risk management to the company. Bob will oversee operations, including and initiatives related to future expansion.
Peter Mikhailenok is a Certified Bitcoin Professional and his experience spans the fields of technology, management, accounting, and finance. His past experience is in banking and high net worth fund management at UBS and Morgan Stanley, medical devices manufacturing and certification, and financial automated systems programming.
Since 2016 Peter has been deeply involved in the cryptocurrency space advising funds, banks, and other financial businesses on increasing their exposure to blockchain technology.
Peter is a graduate of Exeter College with a degree in Business Management and San Diego State University with Bachelor’s degree in Business Finance.
Experienced in litigation and development of legal solutions for a range of industries, including semiconductors, computer software, water purification, oil & gas, telecom, internet transactions, and renewable energy.
At BitcoinAlley we see Bitcoin as the only independent and fully decentralized blockchain. Heavy use of Proof of Work (mining) is a large part of Bitcoin’s intrinsic value and the reason we believe in its long-term viability.
Presently, BitcoinAlley’s cost of mining one (1) bitcoin is ~$3,500, while the current market price is significantly higher. We deploy your investment more efficiently than other Bitcoin related investment vehicles that purchase assets at market cost.
100% of the Bitcoin we mine stays on BitcoinAlley’s company balance sheet. We believe that Bitcoin and Ethereum will appreciate over time, thereby increasing shareholder value. Further, we use smart contracts and arbitrage to earn a return on the cryptocurrencies we hold in storage.
When the price of Bitcoin falls, many miners pause their operations and mining Bitcoin becomes easier for those who can stay operational. Due to BitcoinAlley’s low cost of energy, we are able to continue operating and mining more Bitcoin during price downturns.
Bitcoin has been following the Stock-to-Flow model (used to predict the price behavior of precious metals) for the past 10 years. Please see the projection here.
As part of Bitcoin’s coin issuance, miners are rewarded a certain amount of bitcoins whenever a block is produced (approximately every 10 minutes). When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140). As of now, the block reward is 6.25 coins per block and will decrease to 3.125 coins per block post halving.
Bitcoin was designed as a deflationary currency. Like gold, the premise is that over time, the issuance of bitcoins will decrease and thus become scarcer over time. As bitcoins become scarcer and if demand for them increases over time, Bitcoin can be used as a hedge against inflation as the price, guided by price equilibrium is bound to increase. On the flip side, fiat currencies (like the US dollar), inflate over time as its monetary supply increases, leading to a decrease in purchasing power. This is known as monetary debasement by inflation. A simple example would be to compare housing prices decades ago to now and you’ll notice that they’ve increased over time!
Since we know Bitcoin’s issuance over time, people can rely on programmed/controlled supply. This is helpful to understand what the current inflation rate of Bitcoin is, what the future inflation rate will be at a specific point in time, how many Bitcoins are in circulation and how many remain left to be mined.
The network itself controls the issuance of Bitcoins, derived by consensus through all Bitcoin participants. Ever since Bitcoin was first designed, the following consensus rules exist to this day:
Any change to these parameters requires all Bitcoin participants to agree by consensus to approve the change.
Bitcoin has been referred to as “Star Trek Money “
After block rewards are no longer generated, Miners will get paid exclusively from transaction rewards. Rewards are also paid for Proof of Work and smart contract verification on the Block chain. Therefore, it would not be prudent of us to try to approximate the earnings from transaction rewards 120 years in the future.