I don't really understand the business model of this coin. How they can make money this way ? It's like a mining pool where I rent some hardware for mining... But if it was that profitable why they don't do it themselves ? Seems to good to be true and I can't understand the economic reasoning behind...
Facility is not completely finished yet. The token allows anyone to rent computing power anonymously. Accelerator Network profits from the token itself, they use the profits to expand the facility:
Accelerator Network earns ACC tokens to process compute orders.
50% WILL BE SPENT ON GROWTH
This includes hardware, servers, land, and building space.
30% WILL BE SPENT ON DAILY EXPENSES AND LABOR COSTS
This includes power, utilities, mortgages, labor costs, and all other unforeseen expenses.
10% WILL BE SPENT ON THE DEVELOPMENT TEAM
In addition to the 20% stake allocated at launch, a 10% commission will be paid to the development team.
10% WILL BE SPENT ON MARKETING
Ad campaigns will be financed and a creative agency will be retained to boost awareness and brand image.
https://accelerator.network/#tokenThe renting has been going on for months now, so if it was not profitable I would not expect them to continue it. You can see the public orders here:
https://app.accelerator.network/public_ordersMining is so popular that waiting queus can grow to last for weeks. They expand the capacity continiously though and if you pay extra you can skip the queus. Plan is to add 3000% more until the end of the year. In the end they will want their supercomputer to be used to purposes beyond mining like science and modelling. For that they need to build customer base and brand name.
Accelerator Network is not the only one doing this, its just the first to actually have a running service. There are others like Gigawatt, Terraminer etc.
