Topic: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure - page 183. (Read 125671 times)

All about Bafin. It is still complicated in germany, at the moment it seems that every ICO needs to discuss this with german bafin, not sure about a specific law/regulation.

How will you share profits with the holders of the tokens? is it by giving mined coins, such as btc or eth?

Thanks you Freeroll for the info. That's the reason. So I will wait to the end of ICO.

Hi guys. are there any solutions for German investors with less than 200k USD volume available in between? Can‘t belive, that we cam‘t participate / invest.

Honestly, I do not think any mining startup is a good investment IF you can mine on your own. However, if that is not an option and you just wanna throw some crypto into a company that promises decent ROI, it may be a decent idea. I haven't done any research towards Giga-Watt, but they both do appeal OK if condition above is met for you. This said, better look for an ICO that could be next Twitter or Facebook of decentralization.

Personally, after researching Envion and looking into what kind of users invest in it, I prefer to invest my funds into top10 cryptos and see my investment grow + develop my own mining operations as they yield better results.

so, do what you people think? is it safe to invest in this ICO?

Do anybody know ho to transfer the EVN Tokens into new address? Because I want to transfer it into my HW wallet. I'm sending it with GAS limit 280 000, but getting in the TX fail status :-( Thanks.

$1/coin at ICO seems a bit much ?

I think that it may be you ISP having problems. I had something similar as well, but from my friends computer everything worked really well.

Well done & good luck! Ive been struggling all day, it does not work if you click on the 'Invest Now' tab with ether so I cancelled it and lost the 30% bonus. Any help? Can i not press that button at all and tick the advanced users option to invest manually. If so, how will Envion know? Their support may be slow today as its Sunday understandably.

I hope someone from Envion can answer my questions:

Why is it not allowed for germans to invest in the ICO?

Is this the decision of envion or is it permitted by law/ bafin regulations etc.?

If its permitted by law can you name the specific law/regulation?

There are a lot of germans in the envion team. Can't they invest in their own project?

Ok seems like i've got my tokens.

Verification shows 'submitted'

So now just wait and see?

Yes, I've read those messages. I'm just providing another data point to support what you've said.

That being said, LEffT, what are your thoughts on Giga-Watt as an investment?

Look, your point is exactly what I was writing about and why a dude couple of posts back went all bazooka on me. There is not enough equipment made on this planet to suffice both miners and gamers alike, there is crazy insufficiency in ASIC miners (reason why their prices skyrocketed from $1750 to $5k) and even more and more companies are trying to solve this so-called "energy cost problem", which doesn't exist in the first place. I make more money mining with retail  equipment prices than they claim in their whitepapers and unlike them I'm not buying underwhelmed rx 460s and rest like.

Here's another competitor I uncovered in my research.

Giga-Watt is a mining operation based in Washington state where there is access to cheap hydro-electric power. A big advantage of hydroelectric power is that it is a green energy source with 24/7 availability. As discussed earlier, other green energy sources like solar and wind will need to be supplemented with grid or diesel power, at least until battery technology comes down in cost.

In envion's whitepaper, they claim an average energy cost of $0.03 kWh. That's pretty cheap, but interestingly, Giga-Watt's energy cost is actually slightly less at $0.028 kWh (per page 9 of their whitepaper: https://wtt.cryptonomos.com/white-paper.pdf). Both these companies have essentially the same power costs, but Giga-Watt has all their facilities at one location. This is a huge advantage as it makes building, management, and maintenance of the miners vastly easier and more efficient. One of envion's supposed competitive advantages is that with their MMU pods, they can go anywhere in the world to where energy is cheapest. But why go through the risk and expense of chasing cheap energy costs around the world when you can just set up in one place and have an ultimately lower energy cost?

Giga-Watt also has a huge head start as they are already operational and continue to expand. They also seem to be much more transparent with investor communication - between their website and YouTube, there are literally dozens of photos and videos of their existing facility as well as expansion progress.

One of their biggest problems is... securing access to miners. They simply can't get enough of them. The lack of mining equipment supply is definitely a recurring theme and I don't see how envion will be able to overcome this.

I was originally planning to put a relatively large (for me) investment into the envion ICO. I was all prepared and ready to go (MetaMask set up, sufficient ETH secured, required documents in place including having to pay to get investor accreditation since I am in the US). Last night I went to bed with enough doubt that I decided I was willing to let the initial $0.70 window pass. Now with the additional info I'm finding this morning, I feel delaying my decision was the right thing to do. Unless someone (ideally directly from envion) can address what I feel are serious concerns (specifically, how does envion expect to gain priority access to a large volume of mining components?), then I will likely pass on this ICO.

I did some research into envion's competitors and found some interesting stuff.

Apparently a company called Affinity Mining recently did an ICO. It had similarities to envion in that they intended to use renewable energy, use algorithms to calculate the most profitable coin, and distribute a certain portion of profits to token holders. What happened to this company?


See more here: https://affinitymining.io/

One could argue that Affinity made a mistake in investing in too many D3 units and that envion won't make this mistake. While that may be true, this brings up an important concern that will also affect envion. The vast majority of mining is done with industry standard equipment like Antminers or GPUs, and there is a worldwide shortage of these components. Antminers have been completely sold out, and GPUs are in tight supply with retailers limiting sales to only 1 or at most 2 per household. In order for envion to fulfill its goals, they'd need to somehow have not only priority access to these components, but priority access to a large volume of these components. How can envion, a newcomer with zero past experience in this space, be able to secure such priority access to such highly sought after components? What makes them so special compared to all the other retailers and mining companies, many who have been doing this for a long time? It just doesn't seem realistic to me.

What would be the best Gwei to set for buying ENV with Ether ie the £/$ cost of sending 1 Ether roughly with 20 Gwei and 40 Gwei? and usual transaction time difference.

I was trying to buy with Ether a couple of hours before the end of the 30% bonus but the payment page was stuck for an hour when it says 'this may take a few minutes'. So I refreshed and then it took me back to beginning. Then when it said 20 minutes remaining my tokens offered went from 1350 to 1170, so 20% bonus started earlier. Anyone else get that?

Also is that normal for it to take so long and is it better to tick the manual transfer button. I tried with this off and set gas to 40 and now back to 22 Gwei. Still stuck on payment page   .. with my luck I will lose more after the Ether price goes down.

Investors who should encrypt money should pay attention to this envion project. It may be the next hundred times, thousands of times to increase the good coin. Remind you not to miss such a good project.

not for chinese,sad.