General Admission Period (GAP)
bitcoinR has planned for two mining periods where participants have the opportunity to acquire the bitcoinR currency XBR by means of Proof of Work (PoW) mining operations. In the interest of promoting a transparent mining community, software licenses to operate the bitcoinR client will be granted to participants who submit a completed XBR Mining Agent Application & pay the associated licensing fee.
The General Admission Period (GAP) is a period of time where mining on the bitcoinR network will be operated by participants who have applied and have been approved via the automated bitcoinR Know Your Miner (KYM) program. Applicants will not need to travel to a physical location to have their government identification scanned; instead they may provide legible scans along with their applications.
In addition to submitting a completed XBR Mining Agent Application each approved participant will be required to pay the GAP licensing fee of $1,050 USD (or BTC/ETH equivalent) at the time of approved application and automated document storage via the bitcoinR website.
Reservations for GAP mining node licenses will begin in Q4'2018. The general mining period is expected to begin in Q2'2019.