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OK so the CEO posted a few days ago that he is winning, that the investors money is safe, and that the project will be picked up soon. That leads to a huge bull run. It seems that nobody understands that the CEO's plan is to use that money for dividends on EVN2 tokens, turning all EVN bought on exchanges into worthless coins. So when the CEO is winning, price of EVN should be going DOWN not up, right? Envion has no risk. Either ways Envion investors will gain. If the court case comes out good production will go on, if they decide to pay back investors, it will be from $.70 to $1 ico price. It's a win win for anybody buying Envion now
I see 3x by tomorrow morning in ENVION 1. Have you even read what is on the CEO envion page about the EVN2 token? 2. How can envion pay somebody back that purchased EVN on an exchange? Do they have your contact info? |
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I am completely behind the CEO and I hope he can get this fixed and get rid of the scamming founders.
- The ICO raised 100 million USD.
- The founders then created 100 million tokens (as agreed) and started distributing them to the holders (verified Id's etc)
- Next, the founders created 20 million "free tokens" and gave those to themselves. Instead of asking the CEO for parts of the 100 million USD to pay stuff, they just created 20 million tokens with 1 mouse click, without written permission of the board and the auditor. There is no verified track record of where these tokens go and who owns the wallets or who bought those cheap counterfeit tokens on exchanges.
- As a result, a board member and even the company auditor left the company.
- The founders have very shady explanations for these free tokens, like "bounty payments" and "the tokens will be burned" (wtf?) and "it was clear from the beginning, I announced this at least 100 times in the TELEGRAM group." Like WTF does your CEO and auditor is supposed to follow your telegram group hundreds of messages daily? You don't need written approval from the board to do that?
- Also, the founders own the social media channels, so they can manipulate the holders easily
- The CEO off course completely disagrees with all of that, and the founders now want him out so they are in the clear and also can get the 100 million dollars.
- The CEO has now gotten a new board member and a new certified auditor
- Because the free tokens are still in shady founder wallets, the CEO can not allow these scammy founders to own 20% of his company in criminal ways, get dividends etc.
- So the CEO decides to not use the EVN token (for paying the dividens) and give the holders that signed up for the ICO new EVN2 tokens that are not tampered with and that the scammy founders have no possession of. This would also clear him from criminal charges by the authorities for tampering with shares and printing free money.
- Now everybody that bought EVN tokens on Exchanges is mad. But that does not matter: Envion has no obligation to those people, no KYC, ... nothing. Those buyers where just stupid to buy cheap HitBTC tokens of a project that did not even start yet.
- CEO looks legitimate, I hope he can pull this off
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I invested $600 and received an email basically saying that I will not be refunded. If the company won’t offer refunds, what makes you think they’ll stay true to selling your “valued” tokens.
So you bought EVN tokens while all the papers clearly said you cannot buy them as a US resident? What did they tell you exactly, not 'basically'? |
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Very promising ICO besides a small part of investors not approved yet, mainly because they did not read what they signed up for:
- no US investors allowed
- clear photo etc
I bought using bitcoin and I nicely got the email with the pin, followed their instructions on the website in order to transfer GAS fee to the Ethereum wallet they created and then get the EVN tokens out, to my hardware wallet.
Next they post a nice video about the progress of the approvals, they are at 95%, the coins are on multiple exchanges, you can follow up the amount of mmu’s and the profit they made on the website...
Very good.
The only negative thing is this thread that is used for FUD or frustration of a few that did not read or panic because of exchange rates being still at the 70 cents ICO price. Besides you should never invest money you can’t afford to loose.
Visiting Germany in order to view the mmu??? A complaint is that you are not getting an answer about that??? Maybe you should’ve visited those guys BEFORE you put in a fortune in it. You think I want them to use my investment and their time for you to visit their unit? In this stage?
Have you ever done a startup of a real production company and expect dividend and production coming out 5 weeks after the funding? Please give them some time the impatience and your greed is not required. It is understandable that they need to set priorities and split resources.
And if you want to get out? Please do so! Put your money where your mouth is! But so far, this has not been happening. The price on HitBTC is currently 0.0000726BTC = 71 cents. This ICO started at 70 cents and the crypto market has since crashed 50%, still the price is 71 cents! How come the people that did get their tokens are not running? So maybe, maybe, this thread is full of fud.
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I am wondering how this continuing bloodbath in the market will affect Envion.
"In an MMU setup with a combination of 50% ASIC- and 50% GPU miners, the total ROI of envion’s proprietary mining operations is 181% (calculated on Nov. 24th 2017)." Frontpage: ""The above model (160% ROI each year) shows the assumed return using an annual projected token profit based on a 25% reinvestment strategy and current mining difficulty & market conditions." Good luck with that. |
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People will no longer build their own mining rig which is expensive when they can invest on Envion that provides them passive income. Envion will just keep adding MMUs until they are the biggest crypto miner in the world beating everyone with hash power with the latest hardware software that automatically adjust to the most profitable crypto. They can partnership with Nvidia, AMD and maybe microsoft
Yeah building a 5000 usd mining rig is expensive but buying 5000 usd envion is not? Envion will beat everyone with the hash power? Why? Because they can have near free electricity? Why would they get that? There are enough miners that use near free electricity especially in China. And why would nvidia sell GPU's to Envion? You think nvidia can't use those miners themselves? You think they need envion to deliver the containers or what? nvidia has no reason to sell cheap mining rigs that are 160% ROI/year to company's, they would rather use those GPU's to mine themselves or sell them to gamers so they won't lose the gaming market. Why would nvidia sell cheap gpu's to envion while thousands of personal gambling miners stand in-line to buy at premium prices? And those miners don't use only 25% for reinvestments, they don't need to pay 160% dividends each year to holders, they can just reinvest EVERYTHING. Besides, where is your mining decentralisation in your dream? If they get 1% of global hashrate using that 0.1 billion $, I would be very surprised. |
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So, you do accept that the projection is feasible considering people invested in mining earned even a lot more than that in past years. You are sceptical because the crypto market can crash and you can't make any profit. That's the same risk when you buy your own mining rig. There's no free money without risks. Envion obviously put a lot of time and effort into this project, the project makes sense, seems feasible and people made a decision that feasibility outweights the risks. If you wanna create your own mining company, create your project put it out there, and people will invest if it's feasible. If you're afraid they'll run away with your money, that's the same risk with every ICO. Then leave the crypto sphere and sit on your cash, nobody is forcing you to take risks.
To me, calling a 17,7x ROI in 5 years a "conservative" projection is not feasible. When I would sell a mining rig and I put an ad on craigslist saying that this will mine a 1,6 ROI in the next year based on the past year and the current difficulty, every expert would call that a scam ad. It could still be a very good project though and I invested in it based on the concept, but please, don't have that 17,7x ROI on the front page it is just screaming SCAM. But hey, that's how to attract people. I'm sure 50% of the investors don't even know what mining difficulty means. They might not even know the difference between mineable and nonmineable coins. But they do know what 17,7x 'conservative' ROI means. Especially when you have the drag bar. Even the title of this toppic is "most profitable crypto intrastructure". Where are the calculation sheets? What are the assumptions they made to get to that 17,7? What independent universitys or experts have verified those sheets and commented on those assumptions? The answer is simple, they don't exist. But still, the idea of getting concerated miners near power plants is not bad. |
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Return on Invest: 161% per year
Projected annual token profit:
Year 1 $1,610
Year 2 $2,258
Year 3 $3,167
Year 4 $4,442
Year 5 $6,230
Total Profit: $17,707
They talk about 17,707 dollar profit with an investment of 1000 dollar. That is 17,7x the returnon the orginal capital over 5 years. Not 3.88x. Still no alarm bell? WTF
If you had invested 1000 in mining 5 years ago, bought new mining rigs every year with your profit, how much money would you have now? Pretty sure you'd have a lot more than that. To add to that point, Envion doesn't particularly promise that money. They promise to distribute 75% of their mining profits among token holders. That profit might be 0, might be 500% depending on the market and mining difficulty. Why do you think mining rigs are sold out the day they hit the market and resold 4-5x the price second hand? Because mining is that much profitable. If you would have bought 1000 in coins 5 years ago, and kept them, how much money would you have now? Pretty sure you would also have a lot more then 17K. That does not give me the right to assume this will just continue the next 5 years and put that on my website. That way, I could start my own ICO, a copy of this page, where you can send your bitcoins to me, and I could say I will buy miners with your money but just do nothing, but show a 17x profit the next 5 years at the front page. Why? Because bitcoin went up at least 17x the past 5 years and so that is my projected profit based on current mining and market conditions. And everyone would believe me and would be fine with that. Wtf is this. To add to that point, Envion doesn't particularly promise that money.
No they don't promise that money, they only put it on the homepage and say it is a projected output. "The above model shows the assumed return using an annual projected token profit based on a 25% reinvestment strategy and current mining difficulty & market conditions." What do they mean current mining difficulty? The mining difficulty for the past 5 years has exploded. What do they mean current market conditions? Where is the detailed calculation? This ico, at least the front page, is full of scam signs. Hopefully they deliver good product. |
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Return on Invest: 161% per year
Normally when anyone sees that, all ponzi scheme and scam alerts should go off.
Between reinvestment and usual business a 3.88x returnon the original capital over 5 years(as suggested by the numbers estimated on the page you refer) isnt infeasible at all. Maybe you cannot read, go to the website: Invest $1,000 Projected annual token profit: Year 1 $1,610 Year 2 $2,258 Year 3 $3,167 Year 4 $4,442 Year 5 $6,230 Total Profit: $17,707 They talk about 17,707 dollar profit with an investment of 1000 dollar. That is 17,7x the returnon the orginal capital over 5 years. Not 3.88x. Still no alarm bell? WTF One of the world’s largest cryptocurrency exchanges, HitBTC, will trade EVN tokens after the envion ICO completes
This thing has 1,5-2 star reviews on all crypto exchange review pages.
World's largest and mediocre reviews arent mutually exclusive features. That doesn't matter, fact is they list one of the worst exchanges ever. Whatever deceiving name they give then doesn't matter. No they didn't lie, so what? It is a bad exchange so it's still bad. Another aspect is that they assume GPU/ASIC mining is the future for at least the next 5 years.
If tomorrow the main coins are going proof-of-stake or proof-of-capacity, this whole project goes to the drain. From the "main" mineable coins only ethereum has declared intention to transition to PoS and thats still without a precise ETA. Bitcoin, LTC, Dash and their forks/clones of the SHA256/Scrypt/X11 algorithm family are years away from even initiating such transition and even if say they were hypothetically PoS tomorrow mining altcoins would still be profitable. Ethereum is 20% of the main mineable coins, it is even running this token. Power consumption is an issue. The issue is not solved by putting miners next to power plants. The issue is solved by using less wastefull algoritms. That is what will happen and what is happening. 5 years is forever. Even the fact they reached exactly 100 million dollars with this ICO starts to ring a bell now. On the contrary, such an amount can and will lead to economies of scale that will make it easier for them to achieve their goals. I meant that I am not sure they 'really' got 100 million dollars. They can very much artificially say that. They wouldn't be the first ponzi scam artist to do that. |
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It doesn't even matter if it's a scammy shitcoin set up as a hyip scheme with 161% profit per year, as per what the website/whitepaper say. You just have to put all your money in it and hope that it will do a 10x.
The entire market makes me wanna fucking vomit
On the home page: Return on Invest: 161% per year Normally when anyone sees that, all ponzi scheme and scam alerts should go off. Next: One of the world’s largest cryptocurrency exchanges, HitBTC, will trade EVN tokens after the envion ICO completes This thing has 1,5-2 star reviews on all crypto exchange review pages. Another aspect is that they assume GPU/ASIC mining is the future for at least the next 5 years. If tomorrow the main coins are going proof-of-stake or proof-of-capacity, this whole project goes to the drain. In an MMU setup with a combination of 50% ASIC- and 50% GPU miners, the total
ROI of envion’s proprietary mining operations is 181% (calculated on Nov. 24th 2017). O comon. The mining scene is the most risky scene in the entire cryptoland, even more risky than holding or trading. They use predictions on the all-time mineable-coins peak to come to a 161-181% ROI a year and then put this on the homepage chart with a 1-5 year drag bar? Even the fact they reached exactly 100 million dollars with this ICO starts to ring a bell now. |
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I have a question.
I got 2 identical 750ti cards, asus 750ti OC 2GB, same bios version, same identifier number, same memory frequency, same cpu frequency, both not overclocked, exactly the same drivers, fixed 40% fan settings, same xmr-stak-nvidia settings, same GPU-Z info, both have an external power connector to the same psu, one is in slot 3 of my ASRock BTC and the other in slot 6, the screen is on another slot.
The difference: one has Samsung and the other has Hynix memory. The Samsung voltage reports 1156mv@50degC and the Hynix 1200mV@42degC. The Samsung get's stock 243 Hs and the Hynix 220Hs. Samsung reports 55% TDP, Hynix 45% TDP. When overclocking cpu/mem I can get the Samsung up to 295Hs and the Hynix only to 250Hs (and still I did not find a stable OC for the Hynix one). But even at the stock/same frequencies the hashrate difference is like 10%.
Could this be because of the memory type? Or should I check my motherboard/risers/psu?
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OK great, so I have been mining for 2 months directly into a kraken.com wallet, and nicehash minimum payout treshhold is 0,01 bitcoin. So how was I supposed to transfer my 0,005 pending bitcoin balance on October 26th to another wallet, with 4 days of notice? Impossible on every mining pool. Currently I am at 0,01 bitcoin and nicehash just deposited my funds to a wallet that was deleted by Kraken.com! No "delay", no "expired", no "fee", only a disappeared wallet. Thanks for stealing my money!
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Same thing here! I have been mining to a kraken bitcoin wallet using nicehash for 2 months now. Finally, I am at the edge of getting the deposit from nicehash, I logon to kraken and my bitcoin deposit wallet disappeared! WTF! The deposit list it just empty, while I am 100% sure I got my XBT wallet address from kraken.com, when I create a new wallet, it is a different address. So all this money and electricity is wasted. Scammers. Could this have anything to do with this mail of 26th October from Kraken Before making your next bitcoin (XBT) or tether (USDT) deposit you must create new deposit addresses. Please do this as soon as possible - as of October 30 deposits sent to old XBT or USDT addresses will be delayed and may be charged an extra service fee. OK So they expect all miners to change their payout wallet address and you only get 4 days to do that? What about pools that have a minimum payout treshhold? You can't change your wallet in a pool and transfer your pending balance to another wallet! So they just throw away the wallet 4 days after the email?? What a scam! I needed to mine 2 months to get at the minimum payout treshhold of 0,01 XBT, only to find kraken has deleted my wallet! So they email you saying that keeping the old wallet will cause "delays", but in reality they just delete the wallet. |
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