Topic: [ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified - page 9. (Read 9644 times)

And how much this server can make, for example, in 1 day?

Sounds very promising! Thanks for the answers, i will gladly take a part in it, good luck.

That's right, all profit will be divided amongst all of project Crystal holders that are staking
FOL crystal in our wallet/registered on Foleum website to receive the mining rewards.

These servers called Bitcoin Miner (S9), and they have everything you need to begin with. One S9 server can cost about $1,300 to purchase, plus the cost of the power
supplies to run the server.

"Foleum mining crystals is an Ethereum SECURITY" what is "security token" means?

It's spread on “accredited investor”. Here is quote with this:
"Rule 506(c) defines an “accredited investor” as:
• an individual with a net worth of at least $1 million, not including the value of his or her primary residence
• an individual with income exceeding $200,000 in each of the two most recent calendar years or joint income
with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the
current year, or
• a trust with assets of at least $5 million, not formed only to acquire the securities offered, and whose
purchases are directed by a person who meets the legal standard of having sufficient knowledge and experience
in financial and business matters to be capable of evaluating the merits and risks of the prospective investment
• a bank, insurance company, registered investment company, business development company, or small
business investment company
• an employee benefit plan (within the meaning of the U.S. Employee Retirement Income Security Act) if a bank,
insurance company, or registered investment adviser makes the investment decisions, or if the plan has total
assets in excess of $5 million
• a tax exempt charitable organization, corporation or partnership with assets in excess of $5 million
• a director, executive officer, or general partner of the company selling the securities
• an enterprise in which all the equity owners are accredited investors"

Sure, it's pretty common situation for blockchain projects, but The Foleum Project plans to have staff on hand 24 hours a day. The Project’s ethos is to design for failure instead of
availability; by planning ahead and having spare hardware on hand, we would be able to start the recovery process immediately instead of having to wait.

And what these servers looks like?

That's pretty impressive, i must say. Okay, we sorted it out, thank to you for this information, i appreciate it!
And one more question on this topic, what's abou hardware failure? Hardware failure is also inevitable.

Yeap, right now, Foleum project manufacturing and selling GPU beginner mining rigs along with its full-size servers and “build
your own” mining kits to the blockchain mining community!

About network outgase: Foleum engineers have designed a system with several redundancies to handle failures, and keep the Project running
in response to most network problems and to limit outages and downtime, so, don't worry about it 

Of course, project’s proprietary data center and mining rig designs, include thermal management processes
intended to optimize running conditions for the Project’s servers.

The FOL Crystal (token) is classified as a security under U.S. securities laws
and as a result the ICO will be restricted to certain types of investors in order to
comply with U.S. securities laws.

Okay then, i get it. I know about each token representing different platform, which one Foleum will use?

Okay, as Foleum team themself said, their engineers have designed a system
with several redundancies to handle failures.

That's good to know, so it's not a meaningless!
Standard currently available Foleum equipment???  What do you mean by this?
Do Foleum creating their own mining equpment/servers or something like that?

Or network outages? Outages and downtime are inevitable in any mining operating, what you can say about that?

Huh, i see, so they are really found some solves for these problems, that's pretty interesting.
What's about Thermal Management then?

Okay, i see, that's rather good in my opinion. So all of this crypto currency, will be distributed between participants?

Yes, 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 with
standard currently available Foleum equipment.