I like all the emails that have been sent recently by Securix CEO Jacobus, it's nice to see his story and background in crypto. It's very personal and it really shows the projects aims and the things they want to achieve with their project.
But on the other hand, I do hope the miners situation is sorted out soon and we hear some more info from the team. It's not good to keep hearing there isn't a plan B and that they are waiting till the token sale ends before buying mining equipment, we need to see more concrete plans.
Finally someone is using their head....you cannot give a project money on speculation. Lets say they have your 100 million bucks and by this time there won't be a sha256 miner thats worth buying, or even worse getting miners in large quantities are back ordered for months. There must be a plan b.
It is bad that there is no plan B. Usually a good company will have backup plans for every situation because no one knows the point the situation might go wrong.
1.5 yrs ago mining was on fire.. Things have changed drastically. Even brand new miners are worthless after 3 months mining other algos. The Antminer S9 had a life span of almost 2 years, that was almost miraculous. Now a whatsminer M10 is barely making 3.50usd after electric costs. Would someone say it's worth spending millions on these? Clearly no. Even the M10S has a 3 month life span at best. And don't even talk about Asic Mining Co, those guys are huge scammers, selling centralized miners.
Hello,
Yes, we know exactly what you mean. Keep in mind the manufacturers will only sell these mining models if they are profitable, the BTC Value and difficulty plays a big role in this part.
With millions of buy in power, you can knock down the price. As you won't pay retail price, we are in direct contact with some manufacturers which we have signed NDAs with. The models they are presenting are very promising. Regarding the lifespan of the machines, that is why we have a re-investment strategy in place to keep the mining operation in peak condition in either re-investing in new miners and / or our token buyback program.
With our investment strategy we have a 2 folded approach: token buyback and burning program or reinvesting in new hardware, both options will increase output per token and token value.
1: buying tokens from the open market en burning them so that the total tokenpool decreases and output per token and token value goes up.
2: With reinvesting in new mining hardware we will increase the mining output and therefore increase output per token and token value.
We always choose the option which has the best Return on investment.
https://www.youtube.com/watch?v=b0b-_ktAe7k&feature=youtu.be.
If the market changes and we need to diversify portfolio of mining algorithms, than we for sure are on top of this. It has to be on a responsible way though, you need good coins to mine with decent market capitalizations.
The mining industry is thriving, but yet prone to market developments. We at Securix are on top of this!
If you still have any questions, feel free to ask them!
The Securix team
(I know it is there in the video anyway but still)