I'm still not convinced, mostly over the 161% performance, kinda redflag to me.
https://hacked.com/ico-analysis-envion/VerdictThe streets are whispering. No, the bitcointalk and telegram streets are actually shouting at the top of their lungs about this being a $150 million heist in progress. After going through all their social media with a fine-toothed comb, I counted seven seemingly intelligent people fudding Envion with passion. I cannot validate their claim of hoax. I can however validate their skepticism.
After seeing too many red flags to handle, I took to telegram and asked their representatives a variety of questions. I learned the most from the questions they could not answer, such as:
CWhat’s the name of the production company that is building the MMU’s?”
“Who is going to supply Envion with thousands of ASIC miners, aren’t they always sold out?”
I asked many other questions but persisted with these two for about 36 hours straight. Their reps just delayed answering, and still haven’t except for saying, “you may not get an answer at all, because like I said, we do not comment on our supply line.”
And they do not comment on why they do not comment. They’ve clearly been instructed not to reveal any actual information relating to the project. Another area of questioning they can’t get into is mining stats. They have their one MMU supposedly running in a warehouse somewhere (they won’t reveal where) and it’s confirmed that it’s not actually mining.
I never heard of a company asking for $150 million, and then not revealing any of their business model.
This is odd, and a good example of what I’m talking about. This video debuted on some random YouTuber’s channel. It’s supposedly a random stranger discovering and touring Envions one and only MMU. This MMU is supposed to be operating in a factory somewhere in Germany. The writing on the MMU is English, and the Youtuber who put this video out is from Florida! When asked in telegram about this, the Envion representative quickly produced a detailed story about how the Floridian Youtuber simply stole the video from Envion’s Facebook. When asked “why isn’t this video on their Facebook page?” the rep said, “it just disappeared at the same time it popped up on the Florida guys channel.”
The streets are whispering. No, the bitcointalk and telegram streets are actually shouting at the top of their lungs about this being a $150 million heist in progress. After going through all their social media with a fine-toothed comb, I counted seven seemingly intelligent people fudding Envion with passion. I cannot validate their claim of hoax. I can however validate their skepticism.
So you are talking about experts like you, right?
The hacked.com author lost every reputation after this post. He openly insulted and threatend envion staff members. Then this article was written.
CWhat’s the name of the production company that is building the MMU’s?”
Why should they reveal this information?
#1 This is a topic just about man-power. Not about expertise. That's why they used industry standards to make production as easy as possible.
So why caring about this? If you believe this is too difficult, then please don't make this assumption just because you are not capable of doing this.
#2 Why exposing their production place? Why exposing to the competitors?
“Who is going to supply Envion with thousands of ASIC miners, aren’t they always sold out?”
Bingo! You got your first valid point. This is still not known and yet to be determined. It's tough. Definitely
Let me try another approach: Let's assume you have huge capital, it might be possible to approach certain chip supplier directly and get charges through other connections.
But still - This is a valid concern.
However. The whole business model is not just based on ASIC miners.
I asked many other questions but persisted with these two for about 36 hours straight. Their reps just delayed answering, and still haven’t except for saying, “you may not get an answer at all, because like I said, we do not comment on our supply line.”
And they do not comment on why they do not comment. They’ve clearly been instructed not to reveal any actual information relating to the project.
Oh no, you are back to your old habit. This accusation makes no sense at all. Have you heard yourself? "..they do not comment on why they do not comment" ?!
You already revealed a full valid answer of them: We do not comment on our supply line" - Guess what? because of competition. You don't tell your sources, if you want to compete in such a tough market.
Another area of questioning they can’t get into is mining stats. They have their one MMU supposedly running in a warehouse somewhere (they won’t reveal where) and it’s confirmed that it’s not actually mining.
I keep it short: This MMU was showcased live in Berlin - Germany. There is even a video about it. Real people could go inside the real MMUs seeing it in action and noise.
By the way there is also a video showing how good the MMU is at mining. Nothing to worry.
If you keep questioning the mining at all you are embarassing yourself. Just saying. Mining is far away from being rocket science.
Furthermore, if you also questioning profitability, you might wanna take some classes in crypto mining. It will take you about 5 mins. to understand, that it's profitable.
