Envion is a similar project, but based on modular mining that may make maintenance more challenging. We are focusing on stationary, large scale mining facilities, instead of mobile mining units like Envion. Using mobile mining units at scattered and remote locations may cause additional maintenance costs which we avoid.

Please contact us at support@minerone.io.

It is estimated that we can mine BTC through 2024, so there’s still plenty of time. Of course, there may be other opportunities we can switch to using the 23% of net output dedicated to equipment upgrades 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.

Cloud mining is typically provided as a service, with you, the client, simply paying the company to lease you “hashing power”. Management costs are generally high (and not very transparent) and this lowers your returns. The Miner One approach is different. We are creating a community and will build and manage our mining centres on behalf of that community with access to ultra-low-cost electricity and the best hardware at wholesale prices, with an equitable distribution of all output and transparent accounting.

We have a 10% off discount going on right now, it is valid till May 5. Also to be able to get the latest updates on special offers as soon as they appear, please subscribe to our email newsletters list at MinerOne.io.

We will provide live cctv feed from the site and data will be displayed on the dashboard, accessible to all MIO token holders.

A dashboard we are developing will show in real time the total number of miners operating, total BTC mined daily and other data.

Also our upcoming B-Wallet will be synchronized with a Miner One dashboard that shows you information about Miner One operations in real time.

Miner One B-Wallet will be available in time for the first Miner One payouts.

A dashboard we are developing will show in real time the total number of miners operating, total BTC mined daily and other data.

23% of net output will be reinvested into equipment upgrades on an ongoing basis.

Miner One will have our own expert technicians on the job 24/7, making sure your investment yields maximum returns. We decided it is simpler to deduct basic maintenance costs along with electricity from total output. We do not expect them to exceed 4–5% of monthly output.

Each manufacturer has its strengths: Bitmain (makers of Antminer S9 and others) being the best-known and market leader, Ebang (makers of Ebit E10 and others) being the fastest, and Canaan (makers of the Avalon series) boasting a high degree of reliability and customer care.

No water will be used for cooling, so there is absolutely no risk of spillage that could result in equipment damage. The cool climate makes Northern Europe the ideal location for mining centres as very little additional power is required for cooling.

Our CEO Pranas Slušnys and the Miner One Team have two decades of experience building and managing data centres that are even more complex than what Miner One will require and several team members have experience mining cryptocurrency themselves.
Check out the following article about the Miner One Team: https://medium.com/@minerone.io/meet-the-team-building-miner-one-the-worlds-largest-crowdfunded-bitcoin-mining-operation-d371f8931cbf. See www.MinerOne.io and our White Paper for complete details.

All of the manufacturers we met with – Bitmain, Ebang, and Canaan – have confirmed that they have the miners we need and can deliver them to our facility Luleå, Sweden on schedule for us to start mining this Summer, as planned.

Hi! Thank you.

We are not tax specialists and are not qualified to provide definite answers about your tax obligations. Generally, Miner One payouts and any appreciation in value of the cryptocurrency you own would be considered taxable income once you exchange it to fiat currency.

We are operating on behalf of Miner One FZE, registered in UAE.
If there will be an official request from the tax office, the UAE company will be in charge.

We will buy the best currently-available hardware that is specially made to mine bitcoin. They are called ASICs, or “Application-specific integrated circuit chips”. Right now, the best ASIC miner is the Ebit Miner E10 made by Ebang. For a comparison of miners, please see our White Paper.

Investments in ETH are only a part of the total contributed, we also receive investments in BTC, LTC and EUR. At the end of the Crowdsale, we will publish a comprehensive report on the results. As for independent verification, anyone can check all of the payments made to Miner One by smart contract on etherscan.

If difficulty increases and the BTC:USD exchange rate decreases, this will reduce profitability. But a decrease in the exchange rate can have the reverse effect on mining difficulty, and that would increase returns.

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. Please also read page 27 of the White Paper on Company Reserve.