[ANN][MNM][LAUNCHED] MINEUM |x13| PoW STARTED

[yosir]

People that vote not always understand the result of their voting.
I do believe that you work hard and have additional costs but this is irrelevant to actual dividends we receive.
Each one indeed responsible for his choices and his investments.
Coins for now are worth almost nothing and will cost even less not because I negative but simply because it's look like part in failed investment ( I call one with crazy optimistic 2 years ROI )

After that being said...

One last question before I leave this subject as it's pretty pointless (just to understand if it was planned long before).
What dividends you hoped to "produce" (when you "sold" this ICO to people) after an year and in which scenario? And why you have not succeeded to do so?

*BTC's price is irrelevant as many coins that you could mine such as Ethereum made *3 and more over BTC that only supposed to make return larger
 
This is not FUD but voicing my opinion and I will gladly "eat my hat" if I mistaken.

Well let's take that graph


Here you can see that difficulty raised for 50 to 350 in the last year. That says, with the same hash, we receive ~7 times less ETH today than we were last year. But price raised by 3 times. Can we esperate to get 7 times more returns monthly? Nope.
Mining is a complete different world with a lot of variable you don't necessarily have control on. If we kept the ETH we mined a while back and sell them today, you would have 25-40 BTCs today plus all the other coins we have mined., but holders voted for a monthly return so we basically need to sell them every month, even if the price is going down. We need to sell the coin no matter what.

From the beginning we wish we could get everything ROI in about a year, but many unplanned things happened out of our control.
By getting the MNM price at ICO, we give the possibility to our holder to get the same ROI as they would had if they kept holding only BTCs.
BTC price is the most relevant thing to consider when you are mining along with the difficulty.

I can argue with you about almost every sentence you wrote and show that is "partially correct" but lets stop with the most important part for me.
Just leave you with thought: if your ICO was with big banner - "We will return your money after 1 year and only than you will start to earn", how many BTCs you would get for ICO in this crazy crazy crypto world

Anyway, thanks for answering my questions.

[cryptodv]

The ICO wasn't a scam, some investments hit some don't. I'm not super content with the returns, but at least we're getting them. It is what it is. Everyone who invests in crypto knows the consequences. I'll continue to stake and support the project Antho, don't give up.

[Aguirre4]

Another 'big investor' here (let's say I'm in top 5). I understand why some of us are becoming impatient - while most of other coins brings hundreds % of profits, MNM stays below ICO level, it is illiquid so no one can really sell their coins and if you count on dividends you would need to wait probably 10 years to get your investment back.

Well, this is the risk you take with any investment, specially in crypto world.

As an experienced investor (not only in crypto) and an entrepreneur (running my own startup) and without diving into lots of details, I can tell you that Mineum is definitely not a scam. In fact my opinion on this project is positive from the very beginning and I see them progressing in the long term.

The problem is they didn't raise enough capital during the ICO to push things forward quickly. I imagine they are struggling now - with the whole hardware they had to buy, probably no cash left to build a proper team. The founders put 100% of their time into main areas of operations, so other fields (communication through PR being the most important IMHO) are left abandoned. Taking all those things into account, they do a really good job...

But we are here to discuss the progress, to protect our investments and to help direct the project so everyone is happy with the incoming profits.
Maybe it's not clear for other ppl here, but 10% yearly dividend is perceived as quite good when you keep 'normal' stocks.
Of course, this is crypto world, with much higher risk, so it's natural that we all expect much more.

The strong positive fact about Mineum is that it brings regulars profits. If you look at Poloniex coins, how many of them have any profits? I leave it to you as a homework

Basically, in crypto, we all gains from increasing coins price. The problem we have with MNM is that we can't have it as it's stuck below ICO price.
So i believe all our efforts should go into fixing that problem. This is why we have this new Buy Back proposal and the vote.

Buy Back works is real world and it works in crypto. There are 4 main things it will help us with:
1. Increasing the coin price
2. Increasing the liquidity (non existent now)
3. Providing a chance to being listed on Bittrex and other main exchanges.
4. Bringing more eyeballs to the coin.

I expect that for the first few months all buy walls will be eaten quickly by impatient investors. We may even see the race towards buy walls as I'm sure there are few shareholders waiting for months for a chance to sell their coins even at the ICO price.

And it's ok. Let them sell.

Their coins will be burned and if at any point in the future they would like to come back, they will be forced to compete with monthly buy walls to buy coins, so it's almost certain they will be buying at higher price.

Anthony claims the MINEUM team will not be selling their 51%.
I will not be selling my stack.
Some other shareholder probably will wait too.

Those who stay patient will see the price growing gradually month after month.

Now, is the Buy Back a magical tool to solve our problem? Well, it's definitely a move in the right direction, but I think we must do at least one more thing.
It's PR - if we want to be visible to other investors, we must do something about it.
But this is a topic for another discussion, maybe a good topic for the next vote.

[yosir]

Another 'big investor' here (let's say I'm in top 5). I understand why some of us are becoming impatient - while most of other coins brings hundreds % of profits, MNM stays below ICO level, it is illiquid so no one can really sell their coins and if you count on dividends you would need to wait probably 10 years to get your investment back.

Well, this is the risk you take with any investment, specially in crypto world.

As an experienced investor (not only in crypto) and an entrepreneur (running my own startup) and without diving into lots of details, I can tell you that Mineum is definitely not a scam. In fact my opinion on this project is positive from the very beginning and I see them progressing in the long term.

The problem is they didn't raise enough capital during the ICO to push things forward quickly. I imagine they are struggling now - with the whole hardware they had to buy, probably no cash left to build a proper team. The founders put 100% of their time into main areas of operations, so other fields (communication through PR being the most important IMHO) are left abandoned. Taking all those things into account, they do a really good job...

But we are here to discuss the progress, to protect our investments and to help direct the project so everyone is happy with the incoming profits.
Maybe it's not clear for other ppl here, but 10% yearly dividend is perceived as quite good when you keep 'normal' stocks.
Of course, this is crypto world, with much higher risk, so it's natural that we all expect much more.

The strong positive fact about Mineum is that it brings regulars profits. If you look at Poloniex coins, how many of them have any profits? I leave it to you as a homework

Basically, in crypto, we all gains from increasing coins price. The problem we have with MNM is that we can't have it as it's stuck below ICO price.
So i believe all our efforts should go into fixing that problem. This is why we have this new Buy Back proposal and the vote.

Buy Back works is real world and it works in crypto. There are 4 main things it will help us with:
1. Increasing the coin price
2. Increasing the liquidity (non existent now)
3. Providing a chance to being listed on Bittrex and other main exchanges.
4. Bringing more eyeballs to the coin.

I expect that for the first few months all buy walls will be eaten quickly by impatient investors. We may even see the race towards buy walls as I'm sure there are few shareholders waiting for months for a chance to sell their coins even at the ICO price.

And it's ok. Let them sell.

Their coins will be burned and if at any point in the future they would like to come back, they will be forced to compete with monthly buy walls to buy coins, so it's almost certain they will be buying at higher price.

Anthony claims the MINEUM team will not be selling their 51%.
I will not be selling my stack.
Some other shareholder probably will wait too.

Those who stay patient will see the price growing gradually month after month.

Now, is the Buy Back a magical tool to solve our problem? Well, it's definitely a move in the right direction, but I think we must do at least one more thing.
It's PR - if we want to be visible to other investors, we must do something about it.
But this is a topic for another discussion, maybe a good topic for the next vote.

You made good analysis of situation and I partly agree with you but at the end price derives from inner value and demand. I don't know many people in crypto world that will find current dividends attractive ( and as you noticed we are talking about crypto not stocks ) to invest in coin, also there is no significant move to make a game changer step that will enhance dividends significantly or bring additional external value.  Buyback will provide very short term speculation without any real benefit to Mineum holders as the inner value of coin won't change. Bringing attention to coin at this phase will only make more people to pass on it and never return, as there is nothing besides micro dividends, that give value to this coin. Even if nobody sells - as long as nobody WANTS to buy, it won't help for my opinion.

The better question to ask is how we can raise the real value of coin, not cheap tricks like PR, buybacks or sell/buy artificial walls but real change in direction that will bring REAL value to coin/investors ( and not comparing to investing in company stocks ).
Instead playing in democracy where each person with one MNM have same vote as one who control 5-10% (for example), the team should think how to provide additional value to holders and of course to themselves (51% - not?) by consulting experienced traders/entrepreneurs if they can't do it by themselves as it looks at this point, unless they bring coin down by inactivity only to buy shares cheap and afterwards there be sudden jump in dividends/operation/ etc. that I really hope not the situation.
 
"Regular profits" you talk about - are not profits, but very slow returning of your own investment for many years at this phase that is not really attractive.

I am not crying about this investment and everyone need to be responsible for his own actions but although this is very small part of my crypto portfolio, I hate to see money go to waste without any fight, just by force of inertia. So please accept what I wrote at this spirit  

[ene1980]

Another 'big investor' here (let's say I'm in top 5). I understand why some of us are becoming impatient - while most of other coins brings hundreds % of profits, MNM stays below ICO level, it is illiquid so no one can really sell their coins and if you count on dividends you would need to wait probably 10 years to get your investment back.

Well, this is the risk you take with any investment, specially in crypto world.

As an experienced investor (not only in crypto) and an entrepreneur (running my own startup) and without diving into lots of details, I can tell you that Mineum is definitely not a scam. In fact my opinion on this project is positive from the very beginning and I see them progressing in the long term.

The problem is they didn't raise enough capital during the ICO to push things forward quickly. I imagine they are struggling now - with the whole hardware they had to buy, probably no cash left to build a proper team. The founders put 100% of their time into main areas of operations, so other fields (communication through PR being the most important IMHO) are left abandoned. Taking all those things into account, they do a really good job...

But we are here to discuss the progress, to protect our investments and to help direct the project so everyone is happy with the incoming profits.
Maybe it's not clear for other ppl here, but 10% yearly dividend is perceived as quite good when you keep 'normal' stocks.
Of course, this is crypto world, with much higher risk, so it's natural that we all expect much more.

The strong positive fact about Mineum is that it brings regulars profits. If you look at Poloniex coins, how many of them have any profits? I leave it to you as a homework

Basically, in crypto, we all gains from increasing coins price. The problem we have with MNM is that we can't have it as it's stuck below ICO price.
So i believe all our efforts should go into fixing that problem. This is why we have this new Buy Back proposal and the vote.

Buy Back works is real world and it works in crypto. There are 4 main things it will help us with:
1. Increasing the coin price
2. Increasing the liquidity (non existent now)
3. Providing a chance to being listed on Bittrex and other main exchanges.
4. Bringing more eyeballs to the coin.

I expect that for the first few months all buy walls will be eaten quickly by impatient investors. We may even see the race towards buy walls as I'm sure there are few shareholders waiting for months for a chance to sell their coins even at the ICO price.

And it's ok. Let them sell.

Their coins will be burned and if at any point in the future they would like to come back, they will be forced to compete with monthly buy walls to buy coins, so it's almost certain they will be buying at higher price.

Anthony claims the MINEUM team will not be selling their 51%.
I will not be selling my stack.
Some other shareholder probably will wait too.

Those who stay patient will see the price growing gradually month after month.

Now, is the Buy Back a magical tool to solve our problem? Well, it's definitely a move in the right direction, but I think we must do at least one more thing.
It's PR - if we want to be visible to other investors, we must do something about it.
But this is a topic for another discussion, maybe a good topic for the next vote.

You made good analysis of situation and I partly agree with you but at the end price derives from inner value and demand. I don't know many people in crypto world that will find current dividends attractive ( and as you noticed we are talking about crypto not stocks ) to invest in coin, also there is no significant move to make a game changer step that will enhance dividends significantly or bring additional external value.  Buyback will provide very short term speculation without any real benefit to Mineum holders as the inner value of coin won't change. Bringing attention to coin at this phase will only make more people to pass on it and never return, as there is nothing besides micro dividends, that give value to this coin. Even if nobody sells - as long as nobody WANTS to buy, it won't help for my opinion.

The better question to ask is how we can raise the real value of coin, not cheap tricks like PR, buybacks or sell/buy artificial walls but real change in direction that will bring REAL value to coin/investors ( and not comparing to investing in company stocks ).
Instead playing in democracy where each person with one MNM have same vote as one who control 5-10% (for example), the team should think how to provide additional value to holders and of course to themselves (51% - not?) by consulting experienced traders/entrepreneurs if they can't do it by themselves as it looks at this point, unless they bring coin down by inactivity only to buy shares cheap and afterwards there be sudden jump in dividends/operation/ etc. that I really hope not the situation.
 
"Regular profits" you talk about - are not profits, but very slow returning of your own investment for many years at this phase that is not really attractive.

I am not crying about this investment and everyone need to be responsible for his own actions but although this is very small part of my crypto portfolio, I hate to see money go to waste without any fight, just by force of inertia. So please accept what I wrote at this spirit  

No, more mnm you have, more % count your vote.
For example, someone with 10k moved just the 0.1% with his vote, then someone other, with just his vote, moved the 8%.

[yosir]

No, more mnm you have, more % count your vote.
For example, someone with 10k moved just the 0.1% with his vote, then someone other, with just his vote, moved the 8%.

Thanks for correction, sorry for wrong info. (Last vote - 24 persons which are 50%, makes sense)

After I said that I am sorry about unintentional misleading, I would like you to reply everything else I wrote that bit more important than this error you corrected.
How and if you intend to bring real value into the coin?

[Aguirre4]

Buyback will provide very short term speculation without any real benefit to Mineum holders as the inner value of coin won't change. Bringing attention to coin at this phase will only make more people to pass on it and never return, as there is nothing besides micro dividends, that give value to this coin. Even if nobody sells - as long as nobody WANTS to buy, it won't help for my opinion.

Buyback is a long term strategy, not speculation. If you are not familiar with the subject, try google for cases where companies successfully use buyback as a way to increase stocks scarcity and price.

Less coins = higer price, it does work this way.

The better question to ask is how we can raise the real value of coin, not cheap tricks like PR, buybacks or sell/buy artificial walls but real change in direction that will bring REAL value to coin/investors ( and not comparing to investing in company stocks ).

Again, I'd advise to learn how PR help companies to communicate with potential investors.

Every startup derives its value from:
1. Team
2. Idea
3. How the team executes the idea

Mineum already proved that they have a vision and so far execution is leading the project forward month after month.

Anyone who thinks he has some ideas how to improve the project is very welcome to post it here so we can discuss it.

[yosir]

Buyback will provide very short term speculation without any real benefit to Mineum holders as the inner value of coin won't change. Bringing attention to coin at this phase will only make more people to pass on it and never return, as there is nothing besides micro dividends, that give value to this coin. Even if nobody sells - as long as nobody WANTS to buy, it won't help for my opinion.

Buyback is a long term strategy, not speculation. If you are not familiar with the subject, try google for cases where companies successfully use buyback as a way to increase stocks scarcity and price.

Less coins = higer price, it does work this way.

The better question to ask is how we can raise the real value of coin, not cheap tricks like PR, buybacks or sell/buy artificial walls but real change in direction that will bring REAL value to coin/investors ( and not comparing to investing in company stocks ).

Again, I'd advise to learn how PR help companies to communicate with potential investors.

Every startup derives its value from:
1. Team
2. Idea
3. How the team executes the idea

Mineum already proved that they have a vision and so far execution is leading the project forward month after month.

Anyone who thinks he has some ideas how to improve the project is very welcome to post it here so we can discuss it.

I am bit familiar with this subject... but thanks for the google advice
http://www.businessinsider.com/whats-a-buyback-and-why-do-some-investors-hate-them-2016-6

If you don't want to read all those letters - the point is:

""In the past year, companies repurchasing shares saw an excess weighted cumulative return of -1.9% relative to the benchmark, while companies not repurchasing shares saw a return of 9.8% relative to the benchmark," Birstingl wrote in his quarterly look at buybacks.

On a three-year horizon, those companies buying back shares ended up with a -2.9% return against a gain of 11.5% for those not doing repurchases. IBM, incidentally, has lost about $50 billion in market value since the end of 2013, or about 30%.

Additionally, a study by Inmoo Lee of the KAIST College of Business, Yuen Jung Park of Hallym University, and Neil D. Pearson of the University of Illinois at Urbana-Champaign found that companies that completed buybacks outperformed the benchmark prior to 2001. Firms that completed share repurchases between 2002 and 2006, however, have not generated any better returns since that time than those who did not.

Based on this research, for both the short- and long-term, buybacks aren't helping share prices."

Buyback doesn't give any real value to company but instead takes the funds, which with PROPER use, can create the add. value.

About PR... Company should use PR to attract potential investors with it's financial opportunity and real growth potential. The companies that rely only/as main "attraction" on PR are ponzies. At this point it is unclear, at least for me, how Mineum can increase it's operation to level that it will be attractive and obviously current level is not great so what you want to do PR about? Come and get your money back in 10 years? (BTW with time working against us as there will be more competition and current equipment at some point will break).

Just try to have one answer, how team going to create more income, much more... while even their own idea of returning ROI in 12 months, that is like 1/10 in reality, not sure that be attractive enough.

[umop-apisdn]

First of all part of the reason most of the above cited buybacks don't result in any reasonable long term financial benefits is that when a typical fiat company buys back stock, they don't burn it.

When MINEUM buys back it will be burning the tokens, which will increase the value of each token that shareholders have and receive for POS staking. Those fiat companies could at anytime, dump those bought back shares and even if they don't, it's still a totally different animal.

Considering the article's restaurant analogy, it just doesn't take the scenario far enough to apply to a company like MINEUM. What needs to be said in relation to removing tables in the MINEUM restaurant, is that not only will it equate to more people sitting at each table, but will also increase the price of the food that will be guaranteed to be bought each month (worst case only bought through buyback). It's almost as though the guests know that the chef will be burning some of the food each night and the food that he doesn't burn will be worth more.

The next effect of the process that wasn't illustrated by the article is that the shareholder owned MINEUM restaurant will now be enabling the longtime holders that would like to stop eating at the restaurant a chance to do so.

Also, a transition removing shareholders from the table equation enables the restaurant some nice advertising by now becoming eligible to be located in better locations (Bittrex for example) and land the project at an extremely high position in relation to price increase (% increase on exchange main pages) for the public to see. Perhaps offering token holders healthy discounts on some type of MINEUM services would be possible.

As many have previously stated, regardless of how long the ROI actually is, the existing model needs a boost.

Maybe a buyback will offer a nice little kickstart to push the food out a little faster, tastier and to more customers that would like to perhaps take advantage of hosting services and all things MINEUM.

The only place where burned food tastes so good......

[yosir]

First of all part of the reason most of the above cited buybacks don't result in any reasonable long term financial benefits is that when a typical fiat company buys back stock, they don't burn it.

When MINEUM buys back it will be burning the tokens, which will increase the value of each token that shareholders have and receive for POS staking. Those fiat companies could at anytime, dump those bought back shares and even if they don't, it's still a totally different animal.

Considering the article's restaurant analogy, it just doesn't take the scenario far enough to apply to a company like MINEUM. What needs to be said in relation to removing tables in the MINEUM restaurant, is that not only will it equate to more people sitting at each table, but will also increase the price of the food that will be guaranteed to be bought each month (worst case only bought through buyback). It's almost as though the guests know that the chef will be burning some of the food each night and the food that he doesn't burn will be worth more.

The next effect of the process that wasn't illustrated by the article is that the shareholder owned MINEUM restaurant will now be enabling the longtime holders that would like to stop eating at the restaurant a chance to do so.

Also, a transition removing shareholders from the table equation enables the restaurant some nice advertising by now becoming eligible to be located in better locations (Bittrex for example) and land the project at an extremely high position in relation to price increase (% increase on exchange main pages) for the public to see. Perhaps offering token holders healthy discounts on some type of MINEUM services would be possible.

As many have previously stated, regardless of how long the ROI actually is, the existing model needs a boost.

Maybe a buyback will offer a nice little kickstart to push the food out a little faster, tastier and to more customers that would like to perhaps take advantage of hosting services and all things MINEUM.

The only place where burned food tastes so good......

More of nothing is still nothing.
If restaurant serves food that is not tasty, even if you leave only one table, no one will eat there.
If you want to remove all "Shareholders", I guess you are not one of them - what was ICO then? Free "loan"? and if you move to better neighborhood but your food is still "not tasty" - only the view from empty restaurant changes.

"As many have previously stated, regardless of how long the ROI actually is, the existing model needs a boost."
And this is exactly what I am talking about. But real boost, based on real value - not artificial. As long we won't be attractive - it will be the same story. How team plan to do it - I never got an answer. We see that current ideas bring us till now to +- 1% a month... and almost zero trading activity... and price bellow ICO after almost a year and... and people that their only hope is to sell at ICO price... etc. So something need to be changed, again only for my opinion, and as I don't see that team doing something in this direction, that's up to community helping them do so, if they care and I believe they do.  

As this coin take very non proportional time considering it's weight in my portfolio, I will leave those conversations for admin's relief. Hope I explained my point to the ones who wanted to understand. Bright future to all.

[berron]

A similar opinion to yosir's here. Improvements in the wallet and business model should be proposed, not artificial measures trying to improve the price. For example:

1- Improve the wallet to transform it in a real shareholder's tool. Make it a proposal and voting result checking tool, and develop it to become a blockchain based accountability and governance tool. I dunno if there is something like this based in ETH smart contracts or similar. But it would become in a different concept, and that's always more attracting that simply a stake in a company and a coin transaction wallet.

2- Look to include crypto TA/Mining experts to improve operations. Pay them a share in overall profits from mining and trading. Taking into account the supposed mining capabilities and the overall returns, I have the impression you have been mining and dumping with more attention paid to what your equipment can do than to what your equipment should do. I have made a fucking obscene ROI with some Baikal (+6x in 4 months), other miners I know have made it without equipment, buying hashses from Nicehash and MRR. Of course, none of us put all their efforts in mine only the most popular (and competitive coins). Minig some DASH give you a good ROI, WashingtonCoin ROI was totally absurd on the other hand. Your ROI in this exploding market is very low in my opinion..

3- Make attractive and reliable pool for miners to get ROI from fees and promote them. Have you compared coinquarry multipool to zpool? Have you seen how much zpool gets from fees yearly? And people was crazy about leaving zpool months ago due to affaire with fee calculation. I told you, I PM you, make a good, multialgo, multicoin pool, put a bunch of coins on it and add new coins if they look interesting. Put low and verifiable fees. But you have a 16 coin multipool with no users versus a 160 coin pool with more than 10k miner, more than 9k mining in X11 asics after more than 6 months. And you should have at least as much resources as him (don't remember any zpool ICO gaining more than 100 BTC).

Only some points. And yes, they need a lot of serious, professional and passionate work to being implemented. And maybe hire a professional soft developer, a mining/trading advisor, and so on. If you have BTC to put a big buywall, you have BTC for this. And ROI probably could be better. Not counting with it after watching the first year of the project...

And yes, as Yosir also said,taking into account than my investment in MNM is about 0.25% of my portfolio it's time to unwatch this thread and wait for some action in Yolo. Make what you want, but make it fast, please. I want at least some of my BTC back, too much interesting projects out there to continue losing time with this.

In Q1 2016 I chose three projects, WARP, MNM and DARKNET. A scam, a deception, and the moon. Well, you are not going to win always.

Salute

[snowcrawl]

1- Improve the wallet to transform it in a real shareholder's tool. Make it a proposal and voting result checking tool, and develop it to become a blockchain based accountability and governance tool. I dunno if there is something like this based in ETH smart contracts or similar. But it would become in a different concept, and that's always more attracting that simply a stake in a company and a coin transaction wallet.

What about converting existing shareholder's Mineum into an equivalent "Mineum" Waves token.   That way you could migrate towards the Waves ecosystem.

[klarki]

Hello.
What happens to the project? Do you have any news ? What are the future plans?

[Kazadar]

Hello.
What happens to the project? Do you have any news ? What are the future plans?

Most of thier news are posted on their forum https://forum.mineum.org/

[von max]

look like perrty good

[klarki]

Hello.
What happens to the project? Do you have any news ? What are the future plans?

Most of thier news are posted on their forum https://forum.mineum.org/

Thank you for your reply.
I am glad that the project is not abandoned.

[Rumhurius]

Finally!
a service for the masses^^

[thesilex]

So, where is the news about buy-back program?

[cryptodv]

So, where is the news about buy-back program?

They post more news on their forum then on here, less fud https://forum.mineum.org

[thesilex]

So, where is the news about buy-back program?

They post more news on their forum then on here, less fud https://forum.mineum.org

i know but nothing new there. if i am not wrong, they promised to start buy-back program