Topic: (ICO) Minerone- The World's Biggest Crowdfunded Crypto Mining Operation - page 2. (Read 408 times)

Have you signed a contract for a building in Luleå, Sweden?
A letter of intent has been signed with the Luleå-based company NP10 Fastigheter Luleå AB to locate the first Miner One mining centre in a large former warehouse building owned by the company there. A copy of the letter is posted on our website.

When does mining start?
Mining begins within 3–5 months of achieving the Soft Cap of 3,000 ETH during the Crowdsale.

Why does it take 3–5 months to start mining?
Equipment must be shipped and installed once the building is prepared with proper ventilation, and safety and security measures. We will work as fast as we can, since we all want to start mining and getting payouts as soon as possible.

What’s your experience with mining so far?
Our CEO Pranas Slusnys and the Miner One Team have two decades of experience building and managing data centres that are even more complex than what Miner One will require. Several team members including our CEO himself have experience mining cryptocurrency.

Looks like a great plan, but how do we know you can deliver? Who will implement the plan? Do you have a qualified team ready to go?
Absolutely. In fact, Implementation is already in progress. We have secured our first facility and access to Europe’s lowest electricity rates in Luleå, Sweden. We are in touch with manufacturers of the hardware we will need. And we have assembled a team of top-notch industry experts already at work. The team is led by our CEO Pranas Slusnys, who himself has 20+ years of data centre industry experience.

Why is the first Miner One mining centre being built in Luleå, Sweden?
In Luleå, electricity is very cheap (we are getting the lowest rates in Europe here at EUR 0.065 per kWh), supply is stable and plentiful (100 percent Green Energy from hydroelectric and wind power), and the climate is cool (average annual temperature is 2C) which keeps cooling costs minimal. By the way, we will have a famous neighbor: Facebook is just up the road with a huge data centre here (the size of 11 football fields).

Will the Miner One mining centre be built from the ground up or are you leasing it?
We are leasing the building, but the building will be adapted and equipment will be bought, installed, and maintained by Miner One. There is an option to expand as well as construct additional buildings next door.

You estimate up to 13 percent returns on investment per month – how will that change as BTC mining difficulty increases?
If difficulty increases and the BTC:USD currency exchange rate decreases, this will reduce profitability. But a decrease in the exchange rate can have the reverse effect on mining difficulty, and that would increase returns.

Does “returns up to 13 percent per month” mean returns are capped at that amount?
No, that’s not a cap. Just our good faith estimate of a maximum. Returns could even potentially be higher in some extremely optimistic scenarios, but we don’t want to overpromise.

What taxes would I have to pay on MIO Tokens and Miner One payout?
We are not tax specialists and are not qualified to provide definitive answers about your tax obligations. Please consult a tax specialist. Generally, Miner One payouts and any appreciation in value of the cryptocurrency you own would be considered taxable income once you exchange it to fiat currency.

How will I earn, on average, 37 percent more than by mining at home?
Please see the article about that here: https://btcmanager.com/profitable-bitcoin-mining-2018-not-way/

I see your calculations are based on a bitcoin (BTC) price of USD 14,000. What if it’s less?

We estimate that Miner One can mine profitably within a broad range of BTC values. Our White Paper details numerous scenarios in addition to that one. Miner One can even protect you from BTC volatility and serious downturns. Please read the White Paper at WEBSITE for more scenarios and an explanation of the Miner One “Cushion Effect” that can amortise BTC volatility.

Guys! Write more questions and opinions!   

Which miner will you buy? Will you use graphics cards?
We will buy the best currently-available hardware that is specially made to mine bitcoin. These miners are called ASICs, or “application-specific integrated circuit chips”. Right now, the best ASIC miner is the Ebit Miner E10 made by Ebang. For a comparison of miners, please see our White Paper. Graphics cards are effective for mining some other cryptocurrencies, but not BTC.

Will Miner One mine BTC only with ASIC miners, or also use GPUs?
Miner One will start mining with ASICs. As for GPUs, we'll see how it goes – probably yes.

Can I use Miner One software on my own mining equipment?
Miner One will be responsible for ensuring peak mining efficiency for the entire Miner One Community by having our dedicated experts obtain, install, and maintain the mining equipment. Relying on others would make ensuring peak efficiency very difficult.

How much money will I make? What are the expected returns on investment?
Cryptocurrencies are a new and volatile instrument and mining depends on various factors, some beyond our control. Returns can be high, but they can also be low or even zero, depending on conditions. We cannot predict or promise returns with certainty. But, if all goes well, our calculations show returns could be as high as 13 percent per month. Please read our White Paper for all the details and risks.

What are your targets for BTC mining? How many BTC do you plan to mine per day?
Our goal is to raise 200,000 in ETH during the Crowdsale. For that amount, given conditions on January 15, 2018, our best estimate is that we can mine +/- 107 BTC per day. Please remember that how much BTC can be mined depends on numerous factors, many beyond our control, including mining difficulty. So this is a good faith estimate based on current conditions and not a guarantee.

Does Miner One only mine bitcoin (BTC)?
For the time being, Miner One will be mining bitcoin – the world’s most popular cryptocurrency with the highest market capitalisation. Mining requires specialised hardware. Miner One hardware is built to mine bitcoin.

Why not mine other cryptocurrencies?
BTC will be the focus for starters. If we see a need, we can diversify later using the 23 percent of net output designated for equipment upgrades to buy the hardware needed to mine other cryptocurrencies.

What will be Miner One’s impact on global warming? Will it use Green Energy?
Our first mining centre will be located in Luleå, Sweden. 100 percent of the power supply there is Green Energy – i.e., energy obtained from the many hydroelectric power plants in the region (and also one of Europe’s largest onshore wind farms nearby). Our team was in Luleå for a site inspection and spoke with Luleå Technical University and Luleå Energy Company staff about sustainability, including possible uses of the warm air generated by the mining equipment. There is a research facility right next to our building there that is conducting data centre research and experiments. Our team met with them, too, and thinks they will also have some good advice for us. It is in our interest to mine using as little power as possible. Locating the mining facility in Luleå, where the average annual temperature is 2C means keeping equipment cool won’t consume a lot of resources.

When did Miner One start?
Miner One began in the fall of 2017 with a group of like-minded colleagues who are enthusiastic about cryptocurrency and blockchain technology discussing how to make cryptocurrency mining efficient, affordable, and profitable. An idea was born, a business plan developed, a dream team assembled, a successful pre-ICO held, and a Crowdsale announced.

Is Miner One a two-year or three-year project? I saw somewhere that Miner One and MIO Tokens are valid only for two or three years.
Miner One is not a two-year or three-year project. In a previous plan, we had a more specific time limit in mind, but have since revised the White Paper and extended the life of Miner One to as long as we can mine profitably. Our plan to continuously reinvest 23 percent of net output into equipment upgrades will keep Miner One on the cutting edge of mining efficiency and profitability.

How will Miner One mine cryptocurrency?
Miner One will mine cryptocurrency, starting with bitcoin (BTC), in a large facility full of specialised equipment, all the necessary safety and security measures, and ultra-low-cost electricity.

Can I mine with you without investing any money?
Miner One Community Members contribute to building and maintaining Miner One by acquiring MIO Tokens during the Crowdsale. This is how you can secure for yourself a share in Miner One output.

Why does Miner One call itself “the World’s Biggest Crowdfunded Crypto Mining Operation”?
Our vision is to be the World’s Biggest Crowdfunded Crypto Mining Operation. That vision is based on the enormous investment we are making into planning and fundraising as well as the planned scope of Miner One. We are confident that by bringing together a broad community of contributors and a dedicated team of experts, that vision can become reality.

Why did you decide on an ICO as the means of funding Miner One?
Because it is a scalable and efficient way to create a worldwide community of participants interested in the benefits of a crowdfunded cryptocurrency mining operation.

How much should I invest?
While we would love for as many people to join the Miner One Community as possible, we cannot advise you on what is the right amount for you to invest, or whether Miner One is the right investment for you. Cryptocurrency mining is not without risk, and we are open and candid about those risks in our White Paper. As you can see, Miner One also offers great potential benefits. We encourage you to read the White Paper carefully and consider the risks and benefits before making a decision.

Why did you start new ANN when there's already official ANN of Miner One created in January 2018 - https://bitcointalksearch.org/topic/ann-ico-miner-one-cutting-edge-bitcoin-mining-crowdfunded-2682740

What is bitcoin?
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralised digital currency, as the system works without a central bank or single administrator. The bitcoin network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified through the use of cryptography and recorded in a public distributed ledger called a blockchain.

What is blockchain?
A blockchain is the technology on which cryptocurrency is based. A blockchain is basically a continuously growing list of records called blocks that are linked and secured using cryptography. It can record transactions between two parties efficiently and in a verifiable and permanent way. When used for cryptocurrency, it is managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. If you successfully validate a new block, you get cryptocurrency as a reward. This is called cryptocurrency (or “crypto”) mining.

How do I invest in Miner One?
Participate in the Miner One ICO and Crowdsale starting February 15, 2018 and acquire MIO Tokens. in BTC.

What is cryptocurrency?
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

Token Sale is Live and Selling Out Quickly!


FAQ


What is Miner One? What is the difference between Miner One and other ICOs?

Miner One is a community of people who want to mine cryptocurrency profitably by combining resources to achieve savings on cutting-edge equipment, professional maintenance, and ultra-low-cost electricity. We are conducting an Initial Coin Offering, or “ICO”, to raise funds and build the World’s Biggest Crowdfunded Crypto Mining Operation. The Miner One “coin” will be the MIO Token. Once Miner One is built and mining cryptocurrency, MIO Holders will all share the output based on the MIO Tokens each holds. ICOs are used to fundraise for many different kinds of projects.

What are the benefits and advantages of Miner One?

In short: it’s participation in cryptocurrency mining at optimum efficiency and sharing of the output equitably without the hassle of doing it yourself. It’s a better deal than “cloud” mining, more efficient than most mining pools, and more stable than buying cryptocurrency outright. Despite recent turbulence in cryptocurrency markets, mining done right can be very profitable. Miner One means leveraging the power of community to get the absolute-best technology, lowest costs, and best possible returns.

What’s your overall strategy?

Our strategy is very straightforward: 1) raise funds, 2) leverage those funds to procure the best mining equipment and other necessities at the lowest possible prices, 3) set up the hardware in a suitable facility; 4) start mining; 5) distribute what we mine minus electricity and basic operating/maintenance costs to the Miner One Community (i.e., MIO Token Holders).

What is cryptocurrency mining?

In a cryptocurrency network, mining is the validation of transactions in that cryptocurrency. The encryption necessary to do it requires significant computing power. For contributing to this effort, successful miners receive cryptocurrency as a reward.

Guys! Write questions and opinions! 

I subscribed to e-mail. Thank you for the information did not expect that you will respond so quickly. I will take part in the promotion of the project with pleasure.

Thank you! We do. It is being conducted through affiliates on an invitation-only basis. It is on an invitation-only basis.

MIO are allocated to people who actively promote Miner One.

If you join the mailing list and also will promote ICO.

If you scroll down the WEBSITE you will see the spot to put your e-mail in - where it is said join mailing list and get special offer

As I have already said it is on invitation basis only. It will be sent to those who will highly promote the project.

You may also benifit from referral program, you will need to register to see your referral link.

Also, I can make a separate proposal to anyone who wants to promote the project. Payment for results in btc. The result is the purchase of tokens. For this write to me in PM  

Looks nice and informative.but i cant see the bounty program.In the announcement, I did not see her.If there is a link, I will be grateful, thank you.