What kind of legal protection do investors have? Is there any recourse if, say, the MIO team just stops paying our dividends somewhere down the line?
Please see our terms and conditions in the White Paper. |
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From telegram: A detailed review of Ice Rock's white paper by our data centre experts reveals shortcomings of the project that are not only uneconomical but, frankly, dangerous from a safety standpoint - such as their belief that a cave with an average temperature of 12C doesn't need massive ventilation equipment.
This simply shows a lack of expertise. Without extensive ventilation, the cave will heat up from the miners.
This oversight means their cost estimates could be way off, not to mention the safety problems this will create.
We stand by that assessment 100% and sincerely hope they will revise their plan to take this into account, including the cost this will add.
They need someone on their team who actually knows how to build such a large data centre, including proper ventilation and cooling.
Right now they don't have anyone like that. This smells very bad. Sorry, but I think Pranas should publish official statement of MIO for such words. Yes, we all know about competition and possible too hard reaction of admins, but there is only two ways: - MIO start to explain officially and detailed this 'review by d.c. experts' - Or decline again officially everything what was written What smells bad, Den Penta, is a potentially dangerous mining operation that results in investors' money literally burning up because non-professionals are in charge and don't know what they are doing. Such poor-quality ICOs damage the credibility of the entire industry. |
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Good afternoon. Is it possible that in future you’ll mine other cryptocurrencies, too? Or is your equipment tooled for bitcoin only?
For the time being, we will be mining bitcoin - the world’s most popular cryptocurrency with the highest market capitalisation. But if situation changes and bitcoin is not profitable to mine, we can swich our hardware to other currencies. |
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Is a token a guarantee that I get a share of company’s income or that I own a share of the company itself?
Hello, tokens are not a shares, so you will get a share of company's profit. |
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Is there a bounty campaign?
We are conducting a Bounty Program, but it is on an invitation-only basis. |
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Good afternoon. It’s extremely important to increase the performance of equipment. What share of budget are u planning to allocate to this?
Hello, yes we agree with you that reinvestment is very important, that's why 23% of our output will be reinvested into equipment upgrades that will keep Miner One on the cutting edge of mining efficiency and profitability, as detailed in the updated White Paper https://minerone.io/doc/minerone_whitepaper.pdf |
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Good afternoon. How many tokens have already been on the ICO?
Hello, at this moment more than 5,800,000 were sold. You can check all the information at: https://minerone.io/ |
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The main problem leading to errors in the calculations is overheating of the equipment. Will you rely on the climate?
Climate plus ventilation equipment that will be installed on the premises. |
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Hi there. Will monthly payments be made in tokens? I’d be glad if it was possible to set the automated withdrawal of funds to the banking card.
Monthly payments will be made in ETH, which can then be converted as you wish. |
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How are you gonna attract best specialists to your project? I hope this want damage the budget of MinerOne.
It wont, but no worthy specialist will work for nothing. I mean that they can agree to work on the project for lass amount of money ‘cause this project is the first one in its area and being a part of it is kinda achievement. Not everyone is motivated by the desire to become famous. Sure there will be a lot of people who wants to make profit on the platform, but no more than that. It suddenly became interesting for me whether all the employees will receive the payment in tokes or does this refer to the team members only? The employees we need to run and maintain the mining centre will be paid regular salaries. This is factored into the business plan as maintenance/operational costs that will come from the output Miner One generates. |
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Hi there. How are you going to look for the stuff? Have you got your own HR department or will you cooperate with staffing company?
The core team is already assembled. We will need some technical maintenance staff at the centre in Luleå, which we plan to hire locally (there is a respected Technical University in Luleå that trains just the kinds of specialists we need). |
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Hello. How many tokens have already been sold?
More than 5.4 million MIO Tokens have been sold already. Currently we are offering a 30% discount. Join the Crowdsale and Mine With Miner One! www.minerone.io |
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Were you considering the idea of insuring of your centers? Or don’t the insurance companies provide such services so far?
Yes, of course they will be insured! |
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Good morning, team and the community of the bitcoibtalk and Miner one! You say that the best location for mining is in Sweden. And how about the Russian federation? Can we participate from here? The climate is also cool. And the cost for electricity aren't high as far as I can judge
When we were discussing the place for first Miner One premises we considered all the variants. Sweden was the best option due to all the aspects, not only electricity prices and stable supply, but all the enviroment, political situation, everything what can do some sort of impact to mining was discussed. We can assure that you can be calm and safe due to our decision. |
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Regarding the premises themselves: will you rent them or buy them? It seems to me that the second option is preferable, but much depends on the results of the ICO.
At this moment our choise is to rent premises, this will safe communities money, and we could spend them on hardware to make mining more efficient, more miners more profit! |
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