Bitcoin Forum

Here is a list of ongoing Mining ICOs. I’m only going to list halfway legit ones, but remember this is only a list and no investment advice.
I recommend everyone who is interested in investing money, to do your own research about the projects. Initial coin offerings are very risky and I’m not responsible if an ICO in the list below turns out to be a scam and your money is lost.

Good mining projects are a rare good recently, but I think these ones can be worth a look closer:

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Name: Togacoin

Status: ongoing

Country: Tenerife (Spain)
Start date: 04/06/2018
End date: 30/04/2019
est. ROI: annual 180%*
Special features: Togacoin has already a running facility but plans to expand by building a new datacenter and wants to use solar and windpower.

*Note: This ROI is not estimated, it’s already approved, because Togacoin has a running facility during the ICO. It’s likely the ROI will be higher than 200% when the money from ICO is used to purchase and install new miners.

Bitcointalk: https://bitcointalk.org/index.php?topic=4432984.0

My Rating: 9.5/10

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Name: Scavo

Status: ICO ended successfully

Country: Argentina
Start date: 15/07/2018
End date: 31/10/2018
est. ROI: annual 114%*
Special features: Scavo is producing their own cheap electricity and use it for mining.

*estimated

Bitcointalk: https://bitcointalk.org/index.php?topic=4832228

My Rating: not rated

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Name: Securix

Status: ongoing

Country: Netherlands
Start date: 04/08/2018
End date: 11/12/2018
est. ROI: annual 250%*
Special features: renewable energy

Bitcointalk: https://bitcointalk.org/index.php?topic=4744419.0

*estimated

My Rating: not rated

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Name: Apollo18

Status: there is a scam accusation against

Country: USA
Start date: 02/09/2018
End date: 01/10/2018
est. ROI: annual 75 - 80%*
Special features: FPGA mining

Bitcointalk: https://bitcointalk.org/index.php?topic=3019146

*Apollo claims to have already a running facility.

My Rating: scam accusation

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Name: Xenium

Status: ongoing

Country: Thailand
Start date: 27/06/2018
End date: 26/06/2019
est. ROI: annual 60 - 100%*
Special features: Xenium has already a running facility and plans to expand it by adding more miners. They are entering FPGA business now which is significant more profitable compared to GPU mining and very energy efficient.

*Note: This ROI is not estimated, it’s already approved, because Xenuim has a running facility during the ICO. It’s likely the ROI will be higher than 60 - 100% when the money from ICO is used to purchase and install new miners.

Bitcointalk: not published yet

My Rating: not rated

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Name: Minery

Status: ended

Country: Russia
Start date: 01/07/2018
End date: 30/09/2018
est. ROI: annual 45%*
Special features: You can rent out your Minery tokens and receive over 45% annual ROI.

*estimated

Bitcointalk: https://bitcointalk.org/index.php?topic=3250755

My Rating: not rated

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Note: The list is only a list of announcements of different Mining ICOs, I don't guarantee if a project is succesful or not. It's no investment recommendation and only my personal opinion. If you are interested to invest, please do your own research.

These are Cloud Mining companies, right? I read your Whitepapers, but since I am not someone with a lot of technical knowledge then I can not say if it is possible they can provide profits for the investors, however I read this:

Genesis Mining Voids All Unprofitable Contracts, Deploys Radiant Tech Amid Bitcoin Decline (https://bitcoinexchangeguide.com/genesis-mining-voids-all-unprofitable-contracts-deploys-radiant-tech-amid-bitcoin-decline/)

weeks ago, hashflare did the same thing and that means that this cloud mining business may not be more profitable for its owners, because for the investor it is much clearer that the best option will be to buy bitcoin and hold for years instead of waste time and money using cloud mining. So here it raises some technical questions that I could not explain better.

why several miners are not complaining and only the cloud mining are complaining of not having profits because of the fall in prices?

Why does every cloud mining site only show the equipment and does not show the outside of where the equipment is? Is it because this mining activity is illegal in some countries? I have not yet seen a cloud mining company show any license

Nope, these are not Cloudminers as their business model is different:

They offer tokens instead of limited cloudmining contracts. The tokens are used to get your profits from mining and if you hold the tokens in your Erc20 wallet the profits will be paid out to this wallet depending on the number of tokens you have there. More token = more profits.
The time you hold your tokens is not limited compared to cloudmining contracts, it's a lifetime profit as long as you hold your tokens you'll receive profits. The token Mining Companies will use a part of the mining profits to buy new miners and increase the hashpower of the farm to compete the incereasing difficulty.

A good thing is also that you can sell your mining tokens later if you want (but when you do this, you'll stop getting dividends from mining because the buyer of your token will receive payouts now). So these mining tokens are like ETH, but you'll receive profits from mining in your wallet.

Because most cloudminers are not transparent. I don't know the price of power per kwh and they don't share it to get enough profits for themselves. That's not transparent, therefore I'm only investing in token mining, they are transparent and you can ask them in the Bitcointalk announcement about power cost.


I think security reasons. There was one case in Iceland where a robbery was done and miners were stolen. But I unterstand this point of hiding the place. Pictures or videos from inside the farm are enough for me if they are detailed.

Even those that were attempting to get business licences don't seem to have gone anywhere yet, or at least, have seemed to stall. I recall two companies late last year that were really (on paper anyway) trying hard to do things different with their ICOs, addressing some of these questions you have on transparency.

I saw some videos myself of Hydrominer where they showed equipment being purchased and their own set ups. Quite transparent, quite convincing (two sisters in Austria who started home mining and then ran an ICO to try expand with hydropower), but ultimately, other than allowing anyone to visit their sites openly, I'm not sure they managed to formulate calculations that would keep investors profitable. In terms of legitimisation, though, they're the closest I've seen - trying to make their token model regulatory compliant and selling based on energy consumption rather than hashpower.

It's not an easy business and no one wants to be fully transparent because margin lines are razor thin.

mining is good with the required iq, that's the future of mining

Yes, I can imagine there are some really good projects, but this list is no investment recommendation. It's only a list to inform about interesting ongoing Mining-ICOs. Everyone has to do his own research before he decides to invest.

Interesting, so their tokens work like stakes or shares, totally what ETH Smart Contract was built for.

May I request to add information about the payout: [1]Do they reward more of their tokens or the [2]Company's assets are shared based on the max number tokens (including profits)?
Because there's a huge difference between the two regarding their benefits.
Like for example: [1] is more preferred by scammers; althought the latter[2] still depends on their integrity, it is much more acceptable for investors.

Just a small addition to your researching task  :)

The rewards are proportional to your tokens you own. So, if you hold 1 percent of all tokens you'll receive 1 percent of all payouts to the token holders. But the excat usage of all profits is different for each company (payouts, team, maintenance, reinvestment), I recommend to have a look at the whitepapers, where they list them very transparent and also the usage of the raised money during the funding phase.

I still distrust much of these cloud mining, because governments will eventually require licensing, will require cloud mining companies to make contract work with their workers. In sum, governments are going to regulate this sector of cloud mining, and knowing that many people who create cloud mining do not seem to have a very transparent business model, we will have damages for investors. I could be wrong

These aren't worth investing in whatsoever.  Remember that Ice rock mining bs ICO, it is a massive failure and investors lost a ton of money. 

Well, but it's not cloudmining they are doing, it's profit sharing mining, so it's like a normal big mining farm. If mining is banned in a country, all farms will be banned.

Why do you think they are worthless? I think such business models are perfect opportunities to get a share in global mining. And in addition I think you wanted to mention Envion Mining instead of Icerock Mining. Icerock is setting up the operation now and pretty successful compared to other ones.
Envion is a massive failure and those who sold at a loss, lost a ton of money because their CEO run away with all the money, but there is still hope they can catch him, put him in prison for lifetime and use the money to start their operations. But finally I think Envion will end as a scam, I'm not really optimistic about this mess company, I had luck to have not bought their tokens.

Great info bro! I like this kind of business model as well, and it is very hard for me to explain why it is different from 'normal' cloud mining, but your explanation was perfect. Cheers!

Securix is a good mining ico, it is currently ongoing and based in the netherlands. This is a stable country and the laws are quite relaxed. One of the few transparent icos available right now

Added! Securix looks like a legit company, having proof of team and facility. Raised amount of money also looks promising to offer a successful project.

I think this thread needs to be updated and new projects should also be added, although market is not good at the moment and most of the projects are struggling to raise funds, still if you can post the new mining icos it will be good for discussion and comparison.

If you have some you can share them here. I will have a look and add them if they meet the standard requirements.  :)

Future Energy - looks weird for me but it is mining ICO. Bolton is in private sale mode and they seem to be involved in mining too (bfclcoin.com) .

Do you know their website address? I can't find it. I will have a look at it and maybe add it in OP.  :)