bonanza in the mining.
Agree with you, 5 years is too long for the project. This project will go to ups and downs in 5 years or even bankruptcy as what have you said. If they can make it for 6-12 months I guess there would be higher chance of probability that this project will succeed.
I agree, the dev should think a way to shortened it so that many investors will be encourage to join this if they will know that they can get profit in a shorter time.
You misunderstand. 5 years is the period of their contract with local supplier in their country that allows them to get free electricity for 5 year and then get hen 50% off lifetime.
A lot of countries have a free electricity system for citizens, they could probably move their rigs there instead and save even more money than right now
Really? There are free electricity? Is there free electricity nowadays? I'm so curious on that a lot of countries since I don't know there are such countries provide free electricity. I'm just hoping for positive response mate. Thanks.
Free electricity is a thing in from what I know in some countries where oil is abundant as heck, if I'm not wrong then some ex USSR countries fall under that
I agree. But it is a great project where they are giving a free electricity for 5 years and that is a big benefit for every members. I like it and I hope that this project will have many supporters and will be successful.
Giving free electricity for 5 years may seems unrealistic since they are not the one providing it. How can they give that kind of offer wherein electricity can't be controlled.