[ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified - page 15.

olegkrouk

newbie

Activity: 180

Merit: 0

Quote from: AncientZero on August 01, 2018, 06:14:32 AM

Quote from: olegkrouk on July 31, 2018, 12:08:29 PM

Quote from: AncientZero on July 31, 2018, 11:42:10 AM

Quote from: olegkrouk on July 31, 2018, 11:38:19 AM

Quote from: AncientZero on July 31, 2018, 11:32:06 AM

Quote from: olegkrouk on July 31, 2018, 11:25:16 AM

Quote from: AncientZero on July 31, 2018, 11:17:52 AM

Quote from: olegkrouk on July 31, 2018, 11:10:52 AM

Quote from: AncientZero on July 31, 2018, 11:01:05 AM

Hi again! I love this project, innovative idea and perfect fulfillment. I got a couple of question
First of all, how exactly Foleum will be financed?

Hi! I agree with you, i love this project too

Now about your question, Foleum is financed by its community of FOL Crystal holders.

That's interesting, but what the community of FOL crystal holders get from this?

In turn, Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits, so it's a pretty good deal Wink

Seems like it! What's with the remaining profit? If FOL crystal holders get 60%, what Foleum team plan to do with remaining 40%?

Don't worry about that, the remaining profits are reinvested in the Project in order to maximize the Project’s potential for future earnings.

I'm glad to hear that! It's pretty smart from their side. So how the mechanism of earning itself will be working?

Daily, each token (BTC, ETH, LTC, ZEC, etc...) that we mine, is divided amongst all of our Crystal holders that are staking
FOL crystal in our wallet/registered on our website to receive the mining rewards.

So, you get 60% profit from the begining? Or it works in different way?

Nope. All newcomers starts at 10% from the profit at the first month.

olegkrouk

newbie

Activity: 180

Merit: 0

Quote from: Granatra on July 31, 2018, 12:14:18 PM

Quote from: olegkrouk on July 31, 2018, 12:09:41 PM

Quote from: Granatra on July 31, 2018, 11:43:55 AM

Quote from: olegkrouk on July 31, 2018, 11:38:54 AM

Quote from: Granatra on July 31, 2018, 11:35:07 AM

Quote from: olegkrouk on July 31, 2018, 11:26:06 AM

Quote from: Granatra on July 31, 2018, 11:19:30 AM

Quote from: olegkrouk on July 31, 2018, 11:11:42 AM

Quote from: Granatra on July 31, 2018, 10:35:34 AM

Quote from: olegkrouk on July 31, 2018, 10:15:28 AM

Quote from: Granatra on July 31, 2018, 09:47:45 AM

Quote from: olegkrouk on July 31, 2018, 08:55:02 AM

Quote from: Granatra on July 31, 2018, 08:36:24 AM

Quote from: olegkrouk on July 31, 2018, 07:55:13 AM

Quote from: Granatra on July 31, 2018, 06:06:37 AM

Quote from: olegkrouk on July 31, 2018, 04:45:54 AM

Quote from: Granatra on July 31, 2018, 04:33:57 AM

Greetings guys! Project looks cool and promising. I want to know more about your mining rigs, they are pretty curious.

Greetings! Sure, i can help you with that. What exactly yo want to know about them?

That's would really help, i appreciate it. First of all, is it profitable now to buy them?

Of course it is! Just like the price of Bitcoin the profitability of mining can swing drastically.
However, Bitcoin’s historical average mining profitability is about $15 a day!

So, with increasing hardware power profit from mining will increase too?

Something like that, As technology continues to evolve we will see upgrades in the Bitcoin mining hardware, which in turn will increase
the hardware’s mining efficiency.

So, it will increase profitability too, right?

Kind of, the increased efficiency is expected to increase
the hardware’s profitability or at least help it maintain its historical average.

What about Foleum server? How much it cost?

1 server (s9) can cost about $1,300 to purchase, and, of course, plus the cost of the power
supplies to run this server.

And how much 1 this server can make per day?

This server can make about $15 a day through mining but it costs about $3.95 a day (at $0.12 /kWh) in electricity to
run.

Seems rather promising, but how profitable it will be?

In this example, each machine will return a profit of about $11.05 a day.
This would therefore take about 120 days to return its investment.

Wow, that's cool. And how much of these servers do you plan to buy?

Foleum will purchase 2500 ASIC and 2000 GPU miners

And how much you can get in total form these?

Okay let's scale it up.
2500 of these machines would make $37,500 a day gross and $27,625 a day in profit after the estimated power cost (at
$0.12 /kWh).

chupanebre

newbie

Activity: 83

Merit: 0

You said about the fair chance for get involved in the GREEN mining but you have a strict restrictions, how you will deal with that?

AncientZero

newbie

Activity: 112