Two to three things which I want to ask .
First :- Need a Whitepaper ( Which explains the model and the financial system )
Second :- What would be the financial structure of the platform + Mining cloud service and which coins would u mine ( Like btc only or all altcoins which give profits )
Third :- By what time would the platform be ready ?
The mining operation is not a cloud mining operation. We have a physical location from where we are operating our equipment.
What is different about our mining operation when compared to cloud mining is that we have realistic ROI estimates of ~ 3 months.
To confirm our estimates, we are conducting a test run and expanding afterwards pending results of the test run.
What coin we are mining will vary but it will depend on analysis done by the APX Team along with input from our mining adviser.
There is no set date on platform release but we are aiming for release by September 2017.
In some cases, to preserve speed and knowledge advantages, I won't even have time to disclose what is being mined until the play is complete. Much like I do personally with my own mining now.
The basic mining program will attempt to speculatively mine single coins that have a good chance of price growth that would beat current multipool baselines. From time to time, as opportunities arise, I will be pulling some or all our available hashpower into time-critical mining plays.
The 3-month ROI is a very tall order Ace has given me to fill, but on a small scale like we're starting with, it's not impossible. The last mining unit I bought, I ROI'd in just under six weeks. I researched and mined a coin that was fundamentally undervalued and out of the spotlight to do that. There are plenty of similar opportunities out there.
But it
is a cloud mining operation with some obscurity and a ridiculous ROI projection based on speculative mining which, as I already stated, is both high risk and not sustainable.
If you really had 3 months to ROI consistently, you wouldn't brag about it, let alone sell/share it. Or, at the very least it would not be scalable.
Ignoring the mining part, the project stinks, even more so with every comment trying to defend it.
A recap:
- super profitable but secret mining opportunity, but "not a cloud mining service";
- will be super profitable but we need money;
- Crypto Review will help reducing the risk associated with investing into coins, but donate to us with a waiver that gives up all your rights and demands which puts this coin on the level of gambling on a casino machine;
- it's an ICO, but let's not call it an ICO due to legal purposes.
Blows my mind how many people seem to willing to throw money at the this based solely on reputation. As if that would have any meaningful merit when it comes to actually implementing projects like this.