Are you planning to convert bitcoins to fiat immediately or you gonna wait till its price goes up?
We will do conversion at the end of each month based on the best exchange rate at that moment. |
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How many advisers do your companies have now? What is their experience in this area?
Please see the info here: https://minerone.io/team/ |
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If the production of crypto currency will become unprofitable, what will you do with the equipment that you have left?
It will be sold or recycled. |
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The founders of the company have allocated a token for themselves?
10% of tokens are allocated to founders. |
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Is it known how many tokens are released by the company before the ICO?
A pre-ICO was held in late 2017 to raise initial funds, during which time 330,000 MIO Tokens were assigned at a preferred rate of 50% off. |
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What will happen with investors’ tokens, if mining of cryptocurrencies is no longer profitable?
There may be other opportunities we can switch to by then (or even earlier), including other blockchain and crypto needs that Miner One could meet. It's still an evolving field and we will do our best to get the most out of it for everyone using the community's resources responsibly. |
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Under what circumstances will the management of MinerOne use money from the reserve fund?
The purpose of the reserve is to avoid a situation in which short-term operating costs cannot be covered due to unfavourable market or mining conditions and to provide a certain leeway that will allow for the possibility to wait out a temporary downturn that could make it impossible to cover costs. |
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If the market conditions become unfavorable, for how long will the company be able to live on money from their reserve fund?
If mining becomes unprofitable, we will pause the operations. A contingency reserve will cover expenses for some idle time until the situation improves. |
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Will you have any analysts, that will constantly monitor the situation on the crypto market?
The Miner One Team will be closely monitoring market conditions. |
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If MinerOne opens more mining centers in the future, will token holders receive dividends from them?
If Crowdsale will sell out, we are planning to build 3 mining centers, and yes, those who contributed during Crowdsale, will be able to receive payouts according the amount of MIO Tokens hold. |
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How often do you plan to change the equipment in your mining centers?
If we see a need, we can diversify later using the 23% of net output designated for equipment upgrades. |
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What yield do you expect in the first year of working?
Cryptocurrency markets and mining conditions are in a constant state of flux. All estimates are subject to revision based on conditions that cannot be predicted with accuracy. But we will make sure that your investment yields will bring maximum returns |
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What will you do, if suddenly bitcoin mining becomes unprofitable due to sharp price changes on the market?
if BTC price or mining conditions push it below a level at which we can mine profitably, we will pause mining operations. We will be keeping a reserve to maintain the centres for some time during a severe downturn. If BTC recovers, we expect to resume operations. If we can foresee a situation developing that makes mining other cryptocurrencies a better bet, we can use the 23% of net output set aside for upgrades to make the switch. |
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 What are the results of the ICO? How many tokens have already been sold?
10 000 000 + MIO Tokens has already been sold. |
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What will you do, if a strong economic crisis begins in the country, where you have a mining center, and it becomes unprofitable to work in this region?
That could happen with any country in the world, no one can predict, but We beleive that Sweden has one of the most stable economy (one of the reasons it was chosen), besides the mining center will be classified as a data center, and even if the huge crisis could hit the Sweden (which is most unlikely happen) it won't influence it that much. Besides, please consider the fact that MinerOne allocates 23% of the output for such cases and the mining can be paused untill the situation becomes clear. |
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In how many months after the end of the ICO do you want to make the first dividend payment to token holders?
First payouts are scheduled for August 2018 |
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And yes, there is still: "World-Class Team" on site.
No hedge, no payment for old warehouse rent (they call it 'to build data-centre') in advance after pre-ICO money collect, etc.
And more surprizes in the future...
BTW. From my past experience I know in depth how warehouse ~60000 m2 works.
Only for reserve electricity it have build-in co-generation station for 1.5 MW of electricity (+heat).
There is no equipment like ASICs or plain 19" servers.
Just less than hundred stackers charging-working 24/7.
And once again - it is reserve line.
How much MIO plan for farm?
I saw (if I remember it correctly) about ~3MW in total and it's only permission, not real 10K/0,2K transformer?
....
Hello, Ice Rock. Reports say Kazakhstan is banning crypto mining. Let us know if you want to move your miners to Luleå. Perhaps we can help you.  https://caspiannews.com/news-detail/kazakhstan-to-ban-cryptocurrency-despite-warnings-it-could-harm-economy-2018-4-4-15/ |
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Finally thank you for the response, which -although it's not what i was hoping/expecting- i'm going to accept.
There still remains a insipid aftertaste, because the disadvantage is very hard for all of your early supporters/investors.
Nevertheless i wish the project all the best and i stay confident.
Thanks for understanding. These sometimes dramatic cryptocurrency exchange rate fluctuations will be with us for some time yet. Let's stay focused on long-term gains. |
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