Fantastic new message from CEO:
Dear Community Members,
I want to share with you our latest updates and thinking on equipment orders and set-up.
First of all, let me say this: when we announced the Miner One ICO, we made a commitment to you to start mining by this July and payouts in August. It is a commitment I fully intend to see through and we are on track to do it.
Back in April, just as major cryptocurrencies were slumping, we surveyed our community members and asked them: should we go forward with ordering mining equipment, as outlined in our White Paper timeline, even though it would mean making purchases at very unfavourable exchange rates, or should we wait and give the cryptocurrencies in which a large part of your investments are held time to rebound?
I believe the results of the survey revealed the wisdom of our token-holding community: most respondents said we should wait.
This decision, it now appears, was the right one. Ether and bitcoin have rebounded significantly. Meanwhile, I have just received updated price lists from manufacturers we are in touch with and the news is good: prices of miners have been falling and continue to fall, in some cases by as much as 15% since April. This important factor will help counteract what remains of the decline in cryptocurrency values since the start of the ICO and is the reason we have not rushed into any purchasing just yet.
But, to stay on schedule, the time is now ripe for those purchases. I will be submitting the first order before the end of May.
Our second update is even more interesting, but I want to get your feedback on it. We have received a very good and potentially more profitable late-breaking offer on an alternative location for the Miner One mining facility that is too good to ignore.
As you can imagine, I am simultaneously both pleased and slightly irritated by this development. We have announced a location in Sweden, we have set up a company there, we have signed a contract for a facility in Luleå, we have drawn up plans for the facility’s renovation, we have bids from contractors and everything is ready to roll. And yet I can see from the preliminary calculations that this last-minute offer would mean lower costs and more profits for the community than what we’ve got going in Sweden, even at this late stage.
Before going any further, I want to take the next week to do all of the necessary calculations and provide you with a detailed side-by-side comparison. I also want you to give me your opinion about this possibility using the survey form below.
Our commitment to you remains to make Miner One the World’s Most Profitable Cryptocurrency Mining Operation. I am only considering this option because it means lower costs and bigger profits for all of us with the same level of safety, security, and reliability.
I will have more details for you next week and will be available LIVE on FB next Wednesday at 13:00 GMT to answer your questions. Meanwhile, please do take a moment to fill out the survey below. It’s just one question long and I value your opinion and support!
Cordially yours,
Pranas Slusnys
CEO