Bitcoin Forum

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• Cheap clean energy paid a year upfront
• A team of world class mining experts
• Transparent company and investment structure

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Official Whitepaper https://mintmine.io/whitepaper (https://mintmine.io/wp-content/uploads/2019/06/Whitepaper.pdf)



STAY IN TOUCH

Join Telegram Channel: https://t.me/MintMine
Read and follow Medium: https://medium.com/@MintMine


FOLLOW US ON  

Facebook: https://www.facebook.com/MintMineCA
Instagram: https://www.instagram.com/mintmineca/
Twitter: https://twitter.com/MintMineCA
Reddit: https://www.reddit.com/user/MintMine

Feel free to ask any questions in mind.

Sincerely yours, MintMine team.

Thank you

Cool stuff team

Thanks Johnny

Kindly feel free to ask whatever questions comes to mind.

What is gross revenue share?

To put it simply Gross Revenue is the total amount of income prior to any deduction.
MintMine has decided to implement a gross revenue share structure for profit distribution,
As this structure is transparent, straightforward and the token holders are not
left with uncertainty regarding hidden costs.

Why are you buying electricity upfront?

With electricity bought upfront, we guarantee 24/7 uptime, regardless of bitcoin price or monthly bills.
Having that in mind you may rest assured that we will not impose monthly hidden fees.
All the monthly costs will also be shared across our community in details.

What is your electricity cost?

Industrial electricity rates in Canada are the lowest in North America: 0.033 USD kW/h.
100% Green Energy with (Hydro-Quebec).
These are the rates MintMine will have access to at its location, where the MintMine mining centre will be located.

paying electricity upfront is a great idea btw

Thank you!

How old is MintMine company and where did originate from?

What is purpose of token sale? Appears a very strong, established business already. Hydro use is smart. Is the funds gathered from IEO going to expand operation or buy more equipment?

MintMine was established in UK in 2019.

Thank you for that.

In 2018 August, Mintmine team has rented the facility and installed 1080 S9 miners in order to validate the operation. These miners are fully operational and bring approximately $160,000 CAD per month. Operational costs range between $80,000 - $90,000 CAD per month. This setup has helped to identify operation particularities, prepare the infrastructure and create an executable plan for scalability.

MintMine aims to set up a sustainable mining operation that’s simple, accessible and brings value to the community.
It’s about creating an easy, financially responsible and sustainable route to invest in the future of cryptocurrency.
This will only be achieved via a crowdfunded facility and industrial-size operation to disrupt the cumbersome process of cryptocurrency mining by delivering to contributors low energy costs along with high-level security measures and transparency to protect their investments.

So shortly Mintmine will be both expanding its facility and upgrading its MVP to s17 which proves to be the best in the market in terms of effeciency and ROI.

By our estimates, if the hardcap is reached our facility will be able to mine up to 200 BTC per month.

Do you have mining experience?

Seems good, I like that.

And please elaborate on experience

so having facility built especially for mining in mind, I would consider this for sure

Vadim Kirichenko our mining expert currently manages over 20,000 ASIC miners day-to-day,
of which 6,500 he hosts and manages on behalf of large private clients.
He has personally been involved in the ground up development of over 40 Megawatts of crypto mining facilities in Canada.   

How revenue will be distributed?

Upon commencement of mining operations, 70 percent of monthly net output (total output) will be converted to Ether (ETH)
and automatically distributed to MTMN Token Holders via Ethereum-based “smart contracts”.
MTMN Token Holders are free to do with these distributions as they wish.

How often I will receive payment?

MintMine offers a generous reward scheme, where 70% of the total mined gross
Bitcoins volume will be distributed monthly and divided among all token holders by means of a smart contract in Ether.

What is your projected token value?

Kindly check our whitepaper https://mintmine.io/whitepaper (https://mintmine.io/wp-content/uploads/2019/06/Whitepaper.pdf) , in the "Tokenomics" section you will be able to see
the projection in value in three different Bitcoin scenarios (Conservative, Moderate and Optimistic)

What will you do when Bitcoin price drops?

It’s a good time again for mining farms and already launched mining project. I’ve seen a lot of them. And here is one again. If this is you ANN thread, I’ll like to know how much experience does your team have in mining? Do you have a mining facility and what progress have you made with the project?

We are optimistic and will do our best to mine profitably.
However since our electricity is bought upfront, even if mining becomes unprofitable we will keep it running.
Mined BTC will be sold when market recovers.
We have 3 years of electricity reserve allocated for that.

I just joined the whitelist ))

What is the security of the facility?

The facility itself will be monitored 24/7 and will follow stringent security practices and standard operating procedures (S.O.P.)
to maximise security of the facility and its equipment, health and safety, fire safety and all protocols for natural disasters.

This is your project , right? the project owner doesnot know the answer of this? hopefully he forgot to signin to other newbie account to bump the thread .

Well you gotta give the credit to the website..

Why is it a good time to start mining?

With a Bitcoin halving just around the corner, the value of Bitcoins is set to spike once again, which is great for those looking for a quick win.
However, as the value rises and its popularity continues to grow, the best, most sustainable mines will continue to follow suit.
And, that means early investors in the most sustainable mines are set to enjoy large dividends paid regularly throughout the mine’s life.

Whitepaper looks pretty decent you guys

Do you have MVP?

Yes, our MVP is the Antminer S9 miners
In 2018 August, Mintmine team had rented the facility and installed 1080 S9
miners in order to validate the operation.

Revenue from miners: $160,000 CAD per month.
Operational costs: range between $80,000 - $90,000 CAD per month.
 
This setup has helped to identify operation particularities,
prepare the infrastructure and create an executable plan for scalability.

How is this possibly better than holding Bitcoins at the moment?

Every MTMN Token purchased entitles its holders of 70% in MintMine’s net output. Net output means the total value of Bitcoin mined.
These profits will keep being distributed as long as there are bitcoins to mine around the world,
so not only you will benefit from the rise in Cryptocurrencies prices but you will also secure a monthly revenue on the side.
Hence it is more profitable than holding Bitcoins.

Will you mine other coins? are you planning to?

Will there be a buy back program for the value of our token?

Yes! We have allocated 10% of tokens for buybacks. All bought tokens will be burned. That way we reduce the pool of tokens and increase the output per each token.

How will I receive my payouts?

You will receive payouts through Ethereum smart contract, instructions will be presented after the crowdsale.

What will happen to the unsold tokens?

All the comments here are coming from newbies or a brandnew account you have one report here we believe you are using a bump service for your project and we believe this is a dubious project not good for a project to use a fake reviews
https://bitcointalk.org/index.php?topic=5155440.0

All unsold tokens will be burned with our smart contract.

Vadim Kirichenko our mining expert currently manages over 20,000 ASIC miners day-to-day,
of which 6,500 he hosts and manages on behalf of large private clients.
He has personally been involved in the ground up development of over 40 Megawatts of crypto mining facilities in Canada.
As for progress:
In 2018 August, Mintmine team had rented the facility and installed 1080 S9
miners in order to validate the operation.
Revenue from miners: $160,000 CAD per month.
Operational costs: range between $80,000 - $90,000 CAD per month.
 This setup has helped to identify operation particularities,
prepare the infrastructure and create an executable plan for scalability.

Guys from this you can understand its a scam . Please dont invest in this.

No white paper (links don't work).
Uses cheeseball bump accounts.

2 hallmarks of a scam project.


More than likely to be correct.

OP, want to respond to this Scam Accusation thread about your project?

https://bitcointalk.org/index.php?topic=5155440.0

Hello gentlemen,
This is Omar Rahmat, co-founder of MintMine.

This is an embarrassing moment to our company. Since the launch of our thread yesterday,
we have found out there have been fake comments on our thread.

The funding pillars in crypto community is transparency and honesty, without it this industry won't prosper.
We have ordered external community management service, which had to manage our community to highest standards and use ethical ways to promote it.

Unfortunately no matter how good your intentions are, some things can get beyond your control.

We already have cancelled our contractors and actively look for new in-house community managers.
Meanwhile I will be personally answering all your concerns.

First, I would like to also reveal more details about our company.

Mintmine LTD is officially registered at UK Companies House, where you can find Frederick's information and mine.
https://beta.companieshouse.gov.uk/company/11774386
You can visit us for a cup of tea and discuss the project in person.
Our office is located at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ
Also once the IEO starts, we will hold facility open days where Token holders see the facility for themselves.

We have detailed financials available, which you can receive by emailing info@mintmine.io

Facility which we plan to expand is managed now by Vadim.
Currently he is managing 20,000 miners at different locations, and has overviewed the setup of 40 megawatt facility.
In contrast, our facility will be up to 6.7 megawatts.

In the near future we will release recordings of the facility, where Vadim will guide you through it.
For now you we have uploaded photos of the facility, which you can find on the website.

We already have started energy upgrade planning processes which will ensure the maximum output of the crowdfunded farm.

All facility Bitcoin addresses will be public and verifiable, from which 70% will be distributed to all token holders.

In the upcoming weeks we will post more details about the progress and IEO details.

We have updated our links just now, kindly visit our website: https://mintmine.io to check our resources.
Or you can do it directly via this link: https://mintmine.io/wp-content/uploads/2019/06/Whitepaper.pdf

Wouldn't an astute team formulate a way in keeping so much profit in-house opposed to doling it out to ... wait for it ... Investardz (BTW, I'm the one who originally coined "Investard", transforming it to a plural proper noun, hence the "z").

Here's a question: Did you model your business plan after those two sister cunts in Switzerland advancing the same ideal with the same percentage payouts using hydro-generated electricity at an even cheaper rate? Back in the day, I warned Investardz to stay away from them cunts but was told to shut up by the community, but later a many of them approached me in trying to get their moneys back after the cunts drove into the sunset on their well-endowed steeds donning smiles ear-to-ear (I'm talkin' 'bout the steeds, albeit ...).

FAKE MINING EQUIPMENT:


https://i.imgur.com/BFmzpMw.jpg


this other website (which is much older) also used the same image: Domain Age:2 years 5 months 2 days  

https://i.imgur.com/Xb55zdM.jpg

(source: https://bitcoinminerhosting.com/)

I had found this as well and was going to ask them about what their connection with bitcoinminerhosting.com was.

So OP: do you have a connection with this company? Why is their head office in Canada yet yours is in England?

Hello there,
This is Omar Rahmat, co-founder of MintMine.

MintMine and Bitcoinminerhosting.com are definitely connected, Bitcoinminerhosting.com is the company that currently manages our miners at the facility in Canada and will be responsible for the upgrades.

in exactly a week Frederick and I will be travelling to Canada where we will Sign a letter of intent stating that Bitcoinminerhosting.com will be relocating and fully upgrading our current facility.
As well as record a video of our facility for all the doubts to be addressed.

Once we get the mentioned above, we will immediately post it here.

Thank you for your patience.

Good afternoon everyone,

We have returned from our trip to Canada where we had exceptionally productive meetings with energy supplier and mining facility managers.
A letter of intent has been signed to purchase, upgrade and maintain the facility after the crowdsale. You can find the copy here. (https://mintmine.io/wp-content/uploads/2019/07/Letter_of_intent.pdf)
You can also have a glimpse at our  video from the facility. (https://vimeo.com/346825945)


We would like to be clear about the Mintmine relationship with Bitcoinminerhosting.com and Vadim Kirichenko.
Vadim is not the shareholder of Mintmine LLC, and will not obtain Mintmine Tokens.
His role is in the team is Mining Developer. His company Bitcoinminerhosting.com provides industrial scale miners hosting and management.
Our current miners are managed by him. After the crowdsale he will arrange all the necessary work to install and maintain S17 miners.
We have chosen to work with him, because he has over 7 years of experience in mining and has built industrial scale data centres from the ground. He successfully hosted over 20,000 mining units.
We are certain that he has the necessary skill set and expertise to successfully carry out Mintmine operation.

Regarding the duplicate image, mentioned power block photo has been taken from bitcoinminerhosting facility located in Huntington.
Same place where our S9 miners are hosted.
After the crowdsale Mintmine will purchase Huntington facility, we already have signed the letter of intent. (https://mintmine.io/wp-content/uploads/2019/07/Letter_of_intent.pdf)

Also here are additional images from the facility:
https://mintmine.io/wp-content/uploads/2019/07/omar-miners.jpg
https://mintmine.io/wp-content/uploads/2019/07/row-miners-1.jpg

Raised funds during the IEO will be used to purchase the electricity for 1 year upfront with 2 more years as reserve.
That way token holder will manage to get payouts even through the bear markets.
Rest of the funds will be used to upgrade facility up to 6.7 megawatts, purchase S17 miners (unless a better hardware becomes available) and purchase the facility itself to reduce the maintenance costs.
You can find more details regarding fund distribution and allocation plan in our whitepaper. (https://mintmine.io/wp-content/uploads/2019/07/MintMineWhitepaper.pdf)

IEO dates will be announced soon! Don't miss out and subscribe for updates > https://mintmine.io (https://mintmine.io/#utm_source=forum&utm_medium=btt)
Join our community in Telegram > https://t.me/MintMine

I think 6.7 megawatts is not enough for a miner who wants to work on a global level. expand consumption

At Mintmine we take gradual approach and mitigate risks to build sustainable and long term mining operation.We started with own S9 miners and had proof of concept. The 6.7 megawatts is the physical limit of the facility and will be completed once mid-cap of 15m is reached. However if hardcap is reached we will be able to find second facility in Canada and set up the necessary infrastructure.