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Topic: Would you invest in Mining Company IEO? - page 3. (Read 1082 times)

hero member
Activity: 1442
Merit: 510
October 05, 2019, 06:32:12 PM
#70
Lately, mining projects are not so attractive anymore because most of them are scam or fail. You can see very few mining projects on the list right now, I personally Not interested in investing in mining projects, but if you are sure of the mining project you are referring to, then I advise you to learn everything well.
hero member
Activity: 2562
Merit: 577
October 06, 2019, 06:09:07 AM
#69
There was a previous mining project that I know did it's ico back then but was unable to be successful, lots people had faith in that project but unfortunately things didn't go as expected, with what I see regarding that project and the situation of mining presently, I won't invest in mining project, rather put money in something else.
legendary
Activity: 2954
Merit: 1153
October 05, 2019, 06:26:28 PM
#68
Mining companies that would like to do IEO must already have a good background and record before they can be trust by investors. It is profitable if the company can did it effectively than we can do it on our own. Though, they might be hard to get investors as a new company it will be hard for them to get investors as for me I might invest in gold mining companies that this like of mining. We will see if it will succeed depends on the process and promotion they will do.

There are several factor why bulk operation is way cheaper than a single one.  They can have deals to provider, both equipment, service and electricity with huge discount.  Another thing is, with huge fund they can move to some place where mining is profitable or they can build renewable power sources for their mining industry.  A single average miner cannot do such. 

But in my experience, I have seen several company that offers mining as their service failed miserably.  So if ever a project like mining company ever to perform an IEO, I would stay away from it.
member
Activity: 210
Merit: 11
October 05, 2019, 04:25:17 PM
#67
i'd invest in something like that if it was a government level program.. not something people i dont know run
legendary
Activity: 3052
Merit: 1168
Leading Crypto Sports Betting & Casino Platform
October 05, 2019, 04:02:56 PM
#66
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

Honestly, i have taken a look at this and i am not interested. Why? Because it would need to be handled drastically different from mining icos before this.
I don't think that there has been even one mining ico that hasn't been a scam or failed right on the start (educate me if i am wrong on this).
I have wasted my time and lost some serious money while waiting any of the mining projects pan out.
I would like just ONE of them to be a legit project to restore the trust because i have no faith at all left on mining icos, or ieos.
Btw i know it's stupid to flag all mining icos as same, but as i haven't seen any of them work for some reason, i am disappointed and my thought on the subject are preconceived.

legendary
Activity: 1386
Merit: 1001
October 05, 2019, 10:56:55 AM
#65
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

IEO is, in my view, more profitable than ICOs because the token gets listed in the exchange faster, but the niche of mining isn't really profitable actually. Unless that you have really cheap electricity, you can't make big money by mining, thats the case for individuals and for companies as well.
full member
Activity: 896
Merit: 100
October 05, 2019, 10:50:55 AM
#64
Mining companies that would like to do IEO must already have a good background and record before they can be trust by investors. It is profitable if the company can did it effectively than we can do it on our own. Though, they might be hard to get investors as a new company it will be hard for them to get investors as for me I might invest in gold mining companies that this like of mining. We will see if it will succeed depends on the process and promotion they will do.
we have already seen several mining projects but we don't see them getting large funding. even though they claim to have been running and have active mining in the real world and are now trying to switch to virtual mining. maybe the faster one gets funding from investors from the past until now is the gambling project. do you agree with me?
hero member
Activity: 2744
Merit: 702
Dimon69
October 05, 2019, 10:17:44 AM
#63
Mining companies that would like to do IEO must already have a good background and record before they can be trust by investors. It is profitable if the company can did it effectively than we can do it on our own. Though, they might be hard to get investors as a new company it will be hard for them to get investors as for me I might invest in gold mining companies that this like of mining. We will see if it will succeed depends on the process and promotion they will do.
full member
Activity: 1120
Merit: 101
October 05, 2019, 10:10:53 AM
#62
even projects with the mining concept are not many that are successful and get enough investors for their development. except mining projects with multi-functional platforms. some products have mining functions and also other features such as gambling and crypto trading on the same platform. if only on one mining feature I think it will be difficult to attract investors.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
October 05, 2019, 09:21:27 AM
#61
From the many project offers that have mining concepts, I think few are successful, the conclusion of the many outstanding mining projects is that the founder or developer wants to do cryptocurrency mining but does not have enough funds so they try to collect funds from investors with the ico method, it is better for me build my own mining instead of having to give my funds to other people.
sr. member
Activity: 1526
Merit: 251
October 05, 2019, 12:10:50 AM
#60
how can you say it's profitable, and also I have never followed investment in mining tools or anything like that.
because with current market conditions and also the value of BTC is not too high I don't think it will provide much profit, instead it might be a loss if only using minimal equipment.
legendary
Activity: 2674
Merit: 1226
Livecasino, 20% cashback, no fuss payouts.
October 04, 2019, 08:22:41 AM
#59
I would never invest money into anything that I cannot see its business model. I invest in casinos and online gambling, crowdfund bankrolls or tokens that pay dividends, like CSNO, but never online mining because we cannot see it, and no mining company that offered investment has ever been able or willing to share transparently!
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
October 04, 2019, 12:25:48 AM
#58
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

Extremely profitable? Are you sure?

As far as i know crypto mining is on its way out and is now only for large companies that have the capital to do it in scale. Small time mining operations will be hard-pressed and being pushed out because they can't compete with these huge companies that have almost free electricity.
Indeed, Mining farm who can manage to scale the market and have a good numbers of mining tools that can compete with this surviving market, though there's still chance for new project but it's a risk to anyone to invest in and participate, mining business if can't show any real proof that they've got the right equipments and they are located from the place where electricity is competitive to run business., otherwise, it will be another promises like ponzi type of system.
full member
Activity: 1134
Merit: 103
October 04, 2019, 12:13:16 AM
#57
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

Extremely profitable? Are you sure?

As far as i know crypto mining is on its way out and is now only for large companies that have the capital to do it in scale. Small time mining operations will be hard-pressed and being pushed out because they can't compete with these huge companies that have almost free electricity.

I don't think it is extremely profitable with the Mining because previously we have seen many mining companies launched their ICO, which they get into scam very quickly and I think it is a very bad idea to invest in mining companies. Mainly who will share a higher percentage will get into scam very quickly. So think twice before investing any mining company.
full member
Activity: 403
Merit: 100
October 03, 2019, 10:20:38 PM
#56
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?
I don't think that investment is good. because such businesses are often very concerned about their own profits. If they do not commit to giving us the balance sheets, they will easily take advantage of the profits and do not need to develop the token.
so investing in these types of businesses will often get a zero return.
hero member
Activity: 1666
Merit: 753
October 03, 2019, 09:47:21 PM
#55
Absolutely not. I've had enough experience with cloud mining companies trying to tokenise their securities and pitching it as some form of revelation that will forever revolutionise crypto mining that eventually all turned into scams or are completely unprofitable.

I suggest you take a look at Ice Rock Mining, which was one of the hottest of them all back in the day.

An IEO doesn't make the token itself profitable somehow. It is common knowledge that cloud mining and the maintenance fees severely undermine the profitability of investors, yet when they are packaged and touted as tokens it somehow makes it acceptable. I don't get human psyche sometimes.
sr. member
Activity: 784
Merit: 282
October 03, 2019, 08:59:44 PM
#54
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

Extremely profitable? Are you sure?

As far as i know crypto mining is on its way out and is now only for large companies that have the capital to do it in scale. Small time mining operations will be hard-pressed and being pushed out because they can't compete with these huge companies that have almost free electricity.
sr. member
Activity: 903
Merit: 391
October 03, 2019, 08:48:19 PM
#53
I think as long the project really can show their mining tools, i think not bad to try. Because if not, people usually judge if it is cloud mining which only get money like ponzi scheme. But before do that, there are some project that based on mining i think in bitcointalk. You can see the project and how was the token for now. With that, you can see people attracted to it or not.
sr. member
Activity: 2254
Merit: 258
October 03, 2019, 08:07:58 PM
#52
Mintmine is doing a mining IEO. Mining, unlike some other crypto niche is extremely profitable.

Has anyone else done a mining IEO before? How did tokens perform?

I've promoted one I can't recall the name, but there are a lot of deception and the whitepaper is questionable, I don't invest on this kind of IEO I consider this kind of scheme or program as Ponzi scheme, because they can be manipulated.
Cloud mining has a bad reputation, I don't think it's not going to work because there are related ICO in the past that did not work.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
October 03, 2019, 06:54:53 PM
#51
ieo mining company ? if its an ieo then you are only going to invest on thier product but you arent going to do the actual mining ? is that  what im expecting ? if yes then sure why not .

  i will invest on it but only if the ieo is covered by a reputable exchange site   .  nothing really wrong on investing on an ieo , i mean its less risky than investing directly on a mining/cloud mining website


That's BS,
You can ask anyone and what will better to buy the token created by a company that runs its mining(It's real or not) or buy mining rig and get mining rig in your hand. I believe if the majority of people will say to buy your mining rig rather than investing in a high-risk project like that. Even it's IEO and that doesn't give a guarantee.
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