Topic: [ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure - page 186. (Read 125671 times)

Thanks for your response, premium_domainer. Yes, I know how to Google and I'm also aware of the various way to compensate for the sun not shining at night. I said as much in my post (e.g., batteries, grid, diesel). My question pertains more to what envion specifically plans to do.

A big part of the appeal of envion, at least for me, is that they are trying to use green power for mining. Solar is of course one of the leading sources of green power and is the main source that exhibits the "excess capacity" that envion references in their whitepaper. But if, for example, envion intends to use diesel generators at night to keep the miners running, then their operation won't be as green as I'd hope.

The best from a green/environmental standpoint would be to use batteries that would store excess solar energy from the day to use at night. However, as I mentioned in my original post, it doesn't appear that they've factored in such batteries into their cost of operations (as a data point, Tesla's 10 kWh Powerwall costs $3,500). This additional cost wouldn't necessarily mean that they can't be profitable, but it would mean that they won't be as profitable as initially expected if they didn't account for this.

Similarly, if they use electricity from the grid at night, that would be an additional cost which they may or may not have factored in.

I'm not sure what part of world you come from, but I live in Russia and have almost limitless supply of energy below Envion's average price point (listed in whitepaper, again), so energy is never a problem for those who know where to look to invest and are actually invested into mining (read: not 1 4x gpu rig in their basement, but a farm of at least 10-15 rigs).

If you say you follow Envion closely, look at the reviews they are given by profesesional ICO community (at best, reviewers give it 3 out of 5, some call it sketchy, its all in google, mate).
What stops me from being invested in this is the fact that I have not seen a single person who is an actual miner on their team. Engineers? yes. Consultants? yes. Marketers? Hell yes. Miners? ...
+ the fact that they are compiling tons of low hashrate gpus + the fact that they want to buy millions of dollars worth of s9 (which as some forum mebers pointed out before is impossible due to shortage of supply we already have), how do you still believe they will make up to their promises? Have you seen a mockup of a business model? Geographical destinations for "low-cost energy"? Cost mitigation plans (i.e. new more powerful asics on market, heavy increase in difficulty of mining, switching to lower cost grids, etc)? All I see is 1 mini-demo and a lot of marketing with broad words but no specifics (been discussed many times like hundreed pages ago).

3 more risk factors:
- They promised a big4 audit by Dec1 like several months ago - where is it?
- They promised a patent on their "cooling system" - where is it?
- They just made about $21 mln in fundraising, but they got only a couple of engineers on board, who is going to assemble all of this in time to give you first payout in the end of January?

"huge profitabiliy in mining" - imagine what happens to profitability if someone pours $150 mln's worth of tech into the pool of 5-6 most profitable cryptocurrencies that yield 30-40% more than their lower-margin competitors. Do u even know what mining difficulty is? In just 2 months my etherium generation dropped by 20%, this is just an example. BTW, their current calculations do not account for crypto rates fluctuation and assume they are flat

Now, again, I'm not saying Envion is a scam, but I'm saying these people have no idea what they're doing and the promised 161%/yr ROI is not possible with this team and with this approach AND with these deadlines.
Don't trust my word, go check out how other industrial miners operate and pitch for capital and then come back and look at Envion again. To me it seems like ur not doing ur homework but instead screaming out on the forum mate.

.. i dont work for envion. but i would guess they just use regular old electricity at night.
also solar is a small part of the business right. It will be a cost benefit analysis using their new system they have in place that locates cheapest prices overall, which may or may not be solar. they are also providing heat for locations using the miner and being paid for that to offset energy cost.  Also remember that electricity being found cheaply is just icing on the cake. its very profitable without doing that.

I'm suggesting just the opposite. Because this project is NOT like a normal ICO, where reaching the hard cap is needed to fully fund all the planned projects, Envion can buy more MMUs with more money raised, but whether they end up buying 50 MMUs or 150 MMUs, it does not impact whether the project can move forward.

it's a wonderfull project. Mining coin with solar energy . it's safe power good for the earth. The project wil be huge successful .

With your thinking, people who are using solar energy only use electricity in daylight, after it will be like first age Here i checked google for you and choose this article from thousands of content.

I wonder how long will this platform be able to steadily self-expand the infrastructure.

Asking my question again as it is one of the last remaining barriers keeping me from investing.

How does envion intend to run the solar-powered MMUs at night? With batteries? Reverting to the grid? Diesel generators?

what is the estimated time to reach the BreakEven point for a third party that will invest in the MMU?

Answer from Telegram (PM):

"Laurent:
I’m really sorry for the confusion.
 
We had a problem with the provider of the exchange rate that gave us the wrong rate for a few transactions.  We are able to track all of the transactions and are working on a way to restore your tokens.  You will get what you have paid for.  Don’t worry. 
 
I’ll update you as things progress."

just dropped a little ETH into ICO, flawless transaction using METAMASK.  impressive nearly 20 mil in under 24 hours at this point.  ICO fever isn't going away!

Envion Project just rocking. 20,000,000 USD Collected in first 24h .
Envion will be successful project soon.

My tokens are locked for 182.5 days following the end of the ICO because I used my Credit Card.  That part is not disclosed during the Credit Card payment process.

maybe they meant nornal debit card... because some debit card does not have visa/master in it. plain old debit card for NETS

Token Contract Address: 0xd780Ae2Bf04cD96E577D3D014762f831d97129d0

Token Symbol: EVN

Decimals: 18

 I bought with a credit card yesterday and this morning but when I attempted a 3rd time with a differnt card nothing works

yeah its what Envion said to do, so I did it WITH the ID next to my face...maybe it just worked for me.

They had stated that debit cards with not allowed and only credit cards. I'm glad it worked for you

 I can not pass the verification. Should I fill in all the data in Latin or can I use Cyrillic in the name and address box?

I paid 0.5 ether, but your tool shows very low number of tokens for my payment, why is that?