Topic: 🔥 [ANN] 🔥 [ICO] 🚀 Miner One - Cutting-Edge Bitcoin Mining. 🔵 🔵 Crowdfunded. - page 19. (Read 29689 times)

EUR 0.065 kw/h

Please check their homepage for basic info.

Have you already agreed with electricity suppliers on the wholesale cost of electricity?

Oh I just received the following email. This is what I am talking about all the time. Why in the world the company would decide to fundraise in crypto when buying the equipment, paying salaries, lease etc. in fiat.

Dear Miner One Token Holders,

You have seen what is happening in the markets. When we started our Crowdsale, ETH was at US $920. As per the terms of our smart contract, your contributions were locked and inaccessible to us until the Small Cap (4.7 million MIO) was reached. It was right around at that time that ETH began its slide. As you know, it is currently down to below US $400.
We made a commitment to you in our roadmap to put in the first order for mining equipment at this time. However, given the market situation and the widespread view that ETH will rebound from these lows, our feeling is that it may make sense to wait a bit and give that rebound some time to occur.
I want to stress that we do not think waiting a few weeks to order the equipment will throw Miner One off schedule. We are currently preparing the facility in Luleå, with construction starting by next week.

I am also still confident that Miner One, being the World’s Most Efficient Mining Operation, will deliver profits, given the underlying value that cryptocurrency and blockchain technology creates. That isn’t going away and there will continue to be a need for data centers that support cryptocurrency networks.

But I do not want to take the decision without consulting you first. So please give me your opinion by filling out the short survey below.

Thank you for your trust and for being with us. We will continue to do our best to be good stewards of the funds you have entrusted to Miner One.

Sincerely Yours,

Pranas Slusnys
CEO

Btw the questionnaire was about the purchase of equipment, whether to buy all the equipment at this price of ETH, buy small amount or wait untill the price rebound.

The problem with MinerOne is that they projected the target cap in ETH, not in fiat (such a silly decision), when the equipment will be purchased in fiat. Not the smartest thing they could have done. No one knows how much money they will raise at the end of the campaign, therefore how much equipment will MinerOne be able to buy.

The cost of the equipment dropped rapidly recently. To buy an Antminer S9 now is cheaper than ever.

And now Pranas start to ask investors about changing of plans:

Full text you can read in your e-mail, if you're subscribed of course.

Situation on markets remain very bad and no one know what happens in near future.

Is there a demand for such equipment in the secondary market? How much can the company save?

I’ve read that the company will sell equipment that has lost its profitability in the secondary market in order to save some of its costs.

I'd love to get more token for my early investment actually. But technically speaking this might be hard if they already used some of the money invested. Should everyone be allowed to get a refund to buy later? If not, what timeframe should be considered for early investors? And how much more tokens would you credit them? Those are pretty hard questions IMO.

What about the disposal of obsolete or broken equipment?

Very significant. The company already has preliminary agreements with manufacturers of such equipment. That is, the purchase price will be lower than for retail consumers in the market. Thus, it will be possible to buy the largest number of piece of equipment.

You cant delete tokens sent to external wallets... the transaction is registered on the blockchain.

Is it a significant advantage?

First of all, it will depend on the amount of money collected on the ICO. Secondly, it is difficult to predict it now, because the cost of mining equipment is constantly rising due to high demand. But even here the company has an advantage in comparison with ordinary consumers.

Why can't the company say now how much equipment will it buy for the first mining center?

this project was great is there any airdrop? I think this will awesome project and it will hit the ICO selling.

As they will probably never sell all available tokens, and have to burn alot of them in the end for sure, it shouldn't be a problem at all to increase the amount of MIO tokens of early investors.

The total possible monthly payouts will be spreaded to all MIO-token holders according to the amount of MIO they have. So if there would be a compensation for early (esp. FIAT) investors, that would just mean, that the late investors get "less" for their investment, than they actually would get right now.

I think that would be a fair solution for a community like this.

I would get about 2000 MIOs more (that's about 40%) if i would have done my investment today with 15% discount, instead of investments with 35% and 30% discount.

That's what i'm irritated about, and i think it's not fair at all and should be considered by miner one.

@ pokachou

Sending them back to miner one should be possible, right?

But in any case, that's why a good solution would be, to just grant every affected member an additonal appropiate amount of MIO tokens for compensation purposes.

@ minerone.io

Looking forward to your cooperative response.

No, the company accepts only Btc, Eth and Ltc of cryptocurrencies.

Can we use Bitcoin Cash to pay for tokens on the ICO MinerOne?