This idea might have worked in 2011/2012. Otherwise it is doomed to failure.
There is no way a mining farm in Canada can compete with the large farms in China. It would be completely unprofitable if it were launching now and given the long timeline will be even worse when it does.
Mining is no longer viable unless you have direct access to ASIC manufacturers and that means you have to be in China. It's sad because it means mining will continue it's inevitable march towards being a purely Chinese domain with the risks that creates for all of us.
Unless you are willing to invest for purely altruistic reasons i.e. to delay the total centralisation of mining in China then there is no point in investing in this.
@Soul_eater_123 :
We appreciate your opinion and have definitely taken this into consideration. Although, with the constant addition of new algos and new coins to mine, we feel confident that we can stay ahead of the curve and offer a positive ROI to our shareholders.
As you may know, MINEUM is not all about ASIC but mainly on GPU.
Mining is viable in Canada since we know an ASIC mine located near Montreal who runs for more than 1 year.
For the GPU mining, we have been mining with them for about a year and we have always been profitable.
Even with a serious increase in mining difficulty, recent and projected numbers show that ROI with this project will happen long before GPU mining is saturated by the Chinese. I hope that we as a community can change your mind.
