Topic: 🔥 [ANN] 🔥 [ICO] 🚀 Miner One - Cutting-Edge Bitcoin Mining. 🔵 🔵 Crowdfunded. - page 24. (Read 29670 times)

Nobody is actually sending Miner One USD, as in your example. And your example assumes miner prices are constant, which they are not - they are now falling. Anyhow, there is no practicable way for us to guarantee that exchange rate fluctuations won't affect the value of your investment, and we made this absolutely clear in the White Paper. Regrettable to see you continuing this unreasonable and groundless line of argument. Please also remember that estimates of ROI are not guarantees or promises, as we've made clear repeatedly, as well. More generally: cryptocurrency-related investments are not really suitable for people with low risk tolerance who are bothered by uncertainty and change.

I dont agree with the fact that mining hardware is the main part of the business. The crucial pint is the place with a cheap power supply.  Have u found one yet?

Imagine you send them 1450$ and they buy one S9 miner.
8 weeks later someone else sends them 1450$ and they buy another S9 miner.
MinerOne has now two S9 miners at this point.

Due to the way they distributed tokens you will only get 36% of profits, the other person 64%; meaning someone else is profiting from the ASIC you payed for.
This is not OK.

I am not here to promote other mining operations,
I just want to warn anyone interested in MinerOne and inform them about how they treated early investors.

I will also post updates on any dividends they pay out to show how early investors got screwed.
(According to their website I am looking at 141% ROI first year (without the bonuses))
(I predict that it will take 1,5+ years for early investor to get ROI from dividends.)

Yes, the 20% discount is valid until mid-day tomorrow (Saturday).

Pinionless, it seems pretty clear you are here to promote other mining projects, like you were doing on our Telegram feed. Everyone is free to draw their own conclusions about your remarks.

Yes, it is. But it’s gonna be over soon. You  should hurry up!

Yes, you can not control the price of ETH
But you control the price of MIO
And the price of MIO dropped by almost half due to your incompetence.
You do realize that due to this your early investors will not get 100% ROI in first year of mining? As their dividends will be half of what new investors will get.

I advice everyone reading this to invest in IceRockMining or Ambit Mining.
They protect early investors.

Is 20% bonus still available?

First of all, efficient installation and on-site maintenance 24/7 to minimise any downtime. Secondly, one-quarter of output dedicated to constant equipment upgrades to stay on the technological cutting-edge of mining. Third, ultra-low-cost electricity and low cooling costs due to low outdoor temperatures in Northern Sweden.

That is not an argument that makes any sense, Pinionless. All we can do is repeat that we cannot control cryptocurrency exchange rates, and we have detailed and emphasised the risks, including this one, time and time again. MIO was never tied to the price of EUR, so your comparison is not relevant and certainly not evidence of any malfeasance on our part. If you are looking for an investment that offers a high degree of certainty and predictability, you should not be investing in anything cryptocurrency-related.

That is a lie, MIO tokens at the start where at around 0.53EUR and today they are at 0.27EUR. That is not a discount.

No one is complaining about exchange rates, and no mater how many times you will try to change the subject
it will not change the fact that early investors got SCAMMED


Yes, but they adjust the price based on exchange rate, so it makes no difference if you pay in crypto or FIAT.

Which "other mining centres" do you mean, exactly? We address the differences between Miner One and a number of them in our FAQ section:

https://minerone.io/faq/

Investors who are seriously interested and want to have a constructive conversation are talking to us on Telegram (which is a public channel that anyone can review and join at any time) or, if they prefer to speak directly to an advisor, they are contacting us at [email protected]. This format is not conducive to extensive conversations like the one CryptoSuperPanda appears to be seeking. Of course, you can also check our FAQs for answers to many of these questions.

https://minerone.io/faq/

Here are answers, in brief:

1) Tokens give share in profits. So I need to know in details all info on the costs.

1.1) What is your estimation of other costs per KW/h apart from electricity (like salary, Internet, repairs, rent)?
Economies of scale mean the answer to this question depends on the final size of the facility, which, in turn, depends on outcome of the Crowdsale. As we have said in the White Paper, we anticipate not more than 4-5% of output.

1.2) What taxes (e.g. income tax) and at what rates will be paid?
We have Grant Thornton advising us on this question to ensure full compliance with Swedish and UAE tax laws. For an overview of Swedish taxes, please refer to this document: https://www.business-sweden.se/contentassets/ed79d90e6aa84f0cbd4ac281ac5aa460/7.-corporate-taxes-in-sweden.pdf .   Profit and income tax in Ras al-Khaimah is 0%.

1.3) How can we be sure that you will not knowingly increase costs (salary for example) to make profits zero and legally not pay anything to token holders?
We have made a commitment to MIO Token Holders to do our best to operate profitably. We are interested, above all, in the success of this project and in fulfilling our commitments.

2) You plan to build data center in Lulea, Sweden

2.1) What is legal status of cryptocurrency mining in Sweden? Is it allowed? What taxes are applicable?
Yes, it is allowed. A mining centre is one form of a data centre. Data centre income is taxed just like the income of any other company.

2.2) Which company produces electricity in Lulea? Do you have an agreement with electricity producer for electricity supply? What power is reserved for you? Can you please provide contract or an agreement of intent?
We have arranged with Luleå Energi for 15MW, for starters. Please see this article for all of the details: https://medium.com/@minerone.io/miner-one-moves-forward-in-sweden-d94b0c9bf2ba

2.3) You state that the price of electricity is EUR 0.065 per KW/h. Please provide support for this price. Is it stated in the contract?
This is public information.

2.4) Where exactly in Lulea do you plan to build the data center? Do you have permission from the municipality to build data center in the selected area?
The lease for the building has already been signed. The municipality and regional development agency "Node Pole" are the ones who invited us, so they are supporting us fully. Please refer to the above article for additional info.

2.5) What happens if you raise all $200 mln on ICO? Will there be sufficient electricity power and area to build such huge data center?
Yes, if not at the current location, then there are other locations on our shortlist.


3) You plan to buy Ebang Ebit Miner E10
We have not made that decision yet.

3.1) Do you have contract or an agreement of intent with Ebang? In case of success you will have to buy great amount of ASICs. How can you be sure that you will be able to buy ASICs in large amount?
We visited Ebang as well as Canaan and Bitmain. All three assured us the miners are available that we need in the amounts we need.

3.2) You state that you will buy Ebang Ebit Miner E10 at lower than retail price and with no shipping and customs costs. Can you please provide support for this statements?
Offers are already on the table. Once we place the first order, we will be able to provide documentation.

4) You plan to list tokens on exchange mid April

4.1) Do you have an agreement with any exchange?
MIO Tokens are ERC20-compatible, which means they can be traded peer-to-peer. We do not currently have an agreement with any exchanges. The MIO Token is not intended for speculation.

4.2) Your token is defenetly a security token. How are you going to overcome this fact in order to be listed on exchange?
Envion is a very similar project and its tokens have been listed by hitBTC

Hmm...
IRM answered same set of questions from CryptoSuperPanda right on forum without sending him somewhere in hidden vip service.
I think it is good policy for any ICO.
If investor ask openly questions about base project's parameters - it is better to answer it open to everyone.
Especially if many people asked about project expenses many times here.

Oh yeah. they have sold 1 million MIO for  last couple of days and the total amount of tokens sold is 9,1  million.

Any updates about ICO?

- Invite your advisors and make them answer here. Isn't it more convenient for you to answer 1 time instead of chatting with thousands of people?
- Speaking about compact responses - I went through this chat and there are great number of very large messages from you

With all respect what I see is that you are going away from the answer or simply don't have them  
Is is you who should be interested in providing detailed answers to potential investors.
You want to raise $200 mln   but currently behave in an unseemly manner  

The benefits for society are the efficient processing of cryptocurrency transactions and the development and support of blockchain technology.

For a long time you were only able to buy stuff on bitmain with cryptos (BCH mainly). Sure now you can buy with USD but thats not always the case. And I feel your pain being an early investor, but think the other way around. Say they did index MIO on fiat. You buy it today with ETH or BTC and then the price of BTC/ETH goes up. Its the exact same use case. Early investors get less money. Even in fiat this does exists at a smaller lever. If they index on USD and I buy in euro, depending on the value of EUR/USD I dont get the same amount on different days.

Since you say you are interested in making an investment, we have advisors online who can address your questions very specifically. This forum is more suitable for general discussions and compact responses. If you would like an advisor to contact you directly, please write to [email protected].