PMN 101：A Beginner’s Guide

Administrator Pan
Jul 31
5 min read

Updated: Aug 11

Smarter Bitcoin Accumulation Through Mining

A Different Bitcoin Story

For most beginners, Bitcoin feels like a guessing game.

You hear about it from friends or on the news—its price surging one day, plunging the next. You think: Maybe I should buy some. You wait for a dip, it goes up. You finally buy in, and the market crashes. The cycle repeats. It feels like luck decides who wins and who loses.

But behind the noisy charts and endless predictions, there’s another, quieter story—one that most ordinary investors never get to see. This is where Bitcoin is actually born: in massive data centers packed with specialized machines, producing new coins day and night.

Big institutions and professional miners don’t try to outguess the market—they accumulate Bitcoin directly from its source. For years, this part of the Bitcoin economy has been closed to most people. PMN was designed to change that.

Why We Built PMN

We believe long-term Bitcoin believers shouldn’t be forced into a speculative, timing-the-market game. If you truly think Bitcoin will matter for decades, the smarter path is to accumulate it steadily, like institutions do—by participating in production, not just buying from someone else.

The problem? Mining has always had high barriers to entry:

Specialized, expensive hardware
Bulk electricity deals
Professional teams to manage 24/7 operations
Scale advantages only accessible to big players

Most individuals can’t overcome these barriers. PMN (Pivotal Mining Note) is our solution: a way for everyday investors to access institutional-grade mining economics, without having to build their own mining farm.

What PMN Actually Is

PMN is a regulated digital security token backed by real Bitcoin mining power. It’s not a speculative coin or a vague promise—it’s a tokenized claim on actual hashrate, locked in for a fixed 36-month term.

When you invest in PMN:

Mining power is secured – Each token represents a share of large-scale, professionally managed Bitcoin mining operations.
Bitcoin is mined over time – Your capital works through real mining rigs, producing Bitcoin gradually rather than buying it all at once on the market.
Net proceeds are calculated – At maturity, we total up the Bitcoin mined, deduct only essential costs (custody, legal, admin—not electricity or hosting, which are pre-contracted).
Bitcoin is distributed – You receive your share of the mined Bitcoin, directly to your wallet or account, based on your PMN holdings.

It’s a structured, transparent way to participate in Bitcoin’s supply side, without the complexity of managing mining operations yourself.

Why “Mine-Hold” Beats Buy-Hold and DCA

Over a decade of Bitcoin market data shows three main accumulation strategies:

Buy-and-Hold: A lump-sum purchase, hoping the entry price is favorable.
Dollar-Cost Averaging (DCA): Buying incrementally over time, regardless of price.
Mine-Hold: Participating in production, acquiring Bitcoin continuously at cost.

Our analysis shows Mine-Hold outperforms the other two strategies in many cycles:

It smooths out volatility without relying on perfect market timing.
It provides exposure to Bitcoin at production cost, which can be far below market prices.
It captures mining rewards that traditional buyers can never access.

“Mine and Hold outperforms Buy and Hold – structured mining participation wins over speculation.”— Dr. Adam Back, Bitcoin Pioneer & Inventor of Hashcash

This isn’t just our belief. Dr. Adam Back, one of Bitcoin’s earliest contributors, inventor of Hashcash (a core building block of Bitcoin mining), and a key figure cited in the Bitcoin whitepaper, has long emphasized that “mine and hold” is superior to “buy and hold” or “DCA” for disciplined, long-term Bitcoin accumulation. His argument, supported by real-world data, aligns perfectly with the PMN model.

Industry Proof: Blockstream’s BMN1

The Mine-Hold approach has already been validated in the institutional market. In 2021, Blockstream, one of Bitcoin’s most respected infrastructure companies, launched the Blockstream Mining Note 1 (BMN1)—a 36-month, tokenized security backed by professional mining operations.

BMN1 delivered:

~32% return in Bitcoin terms over its 3-year term
Up to 108% cash-on-cash return according to some investor reports
A total distribution of more than 1,200 BTC to participants upon maturity in 2024

Links for reference:

The catch? BMN1 was only available to institutions and high-net-worth investors via Luxembourg’s STOKR platform. Individual investors were excluded. PMN exists to change that, opening access to a proven, professional-grade model for a wider audience.

Why 36 Months?

The 36-month term is carefully designed for optimal results:

Mining hardware lifecycle: Top-tier miners produce efficiently for about three years before aging out.
Bitcoin halving cycles: A three-year horizon typically spans a halving event, historically linked to price surges.
Operational cost efficiency: Long-term power and hosting contracts secure low, predictable costs.
Defined investment window: Investors know exactly when and how Bitcoin will be distributed, avoiding open-ended exposure.

This balance gives investors predictable structure, long-term upside, and minimized operational risks.

Where and How to Invest

PMN is issued through Republic, a licensed U.S. investment platform:

Reg D (U.S. investors): Accredited investors, minimum ~$14,000 (200 PMN).
Reg S (Non-U.S. investors): International investors, minimum ~$2,100 (30 PMN).

Details and sign-up links are available on pivotal-ts.com.

Safety First: How We Protect Investors

PMN was built with trust and transparency at its core:

U.S.-compliant structure: Issued under SEC Regulation D / Regulation S.
Blockchain-recorded tokens: Every PMN is verifiable on-chain.
Professional mining partners: Operations managed by established providers with proven reliability.
Secure custody: Bitcoin proceeds safeguarded by reputable custodians before distribution.
Clear investor rights: Legal frameworks protect your entitlement to net mining output.

This is not an informal mining pool or speculative token. It’s a structured, legally regulated investment product designed for stability and accountability.

Who We Are

We are Pivotal Trend Service (PTS), a Japan-based digital infrastructure and technology service company with deep roots in global telecommunications and blockchain innovation.

For over a decade, our founding team has built large-scale network and mining infrastructure across multiple countries, serving institutional clients and managing thousands of high-performance mining rigs. Now, we extended this expertise into digital securities, helping shape the future of compliant, tokenized investment products.

Our vision is simple but ambitious:

Make Bitcoin participation fairer – Ordinary investors should have the same access to production-side opportunities that institutions have long dominated.
Bridge technology and finance – Combining telecom-grade engineering with secure, regulated investment structures.
Promote user capitalism – Aligning the interests of users, investors, and networks to build transparent, long-term value.

With PMN, we are taking a pivotal step toward financial inclusion in Bitcoin, opening a proven, institutional-grade mining strategy to a wider audience—securely, compliantly, and transparently.

Take the Next Step

PMN is about changing the rules of Bitcoin investing. Instead of buying coins on the market and hoping for the best, you can now join the source of Bitcoin’s supply, using a proven, institution-grade model once reserved for elite players.

It’s:

Compliant – issued under U.S. securities laws
Data-backed – validated by historical modeling and Bitcoin’s own pioneers
Proven in practice – Blockstream’s BMN1 demonstrated the potential returns
Accessible – opening doors to qualified everyday investors for the first time