why are we tanking on yobit ?
Looking at the big picture, I feel that of the 70 000 tokens granted for bounties, a large amount of them have been being dumped for a quick profit, which is expected in this game. There are of course shareholders that are holding their bounties, but most people that didn't participate in the crowdfunding are probably just going to sell them off.
Then we have some of the shareholders that are new to mining and perhaps didn't calculate the incredible amount of work that it takes to organize and deploy a project of this magnitude. Having just recently setup a few rigs of my own, I might not have appreciated what exactly goes into all this if I hadn't just done it too. I had become jaded with stories on Bitcointalk about how easy and awesome it is to mine digital currencies, not realizing that there is tons of physical labor involved in setting things up. So many duties that we've all (building gaming/home pc) done in the past, for other jobs and reasons, but it's been a while, take enormous amounts of time:
researching mining applications/programs
researching hardware
designing and installing electrical/power facilities
ordering hardware
unpacking hardware - RMA for missing and damaged products
running ethernet wires
setting network switches
building/assembling shelving
researching/constructing mining rig/gpu mounting environments/psu location points
actual assembly of the hardware
cooling assessments and reassessments
ambient air and dust filtration
Now the fun begins:
deployment of mining rigs
assessment of DOA hardware/trouble shooting and more trouble shooting
RMA defective hardware
replacing defective hardware as fast as possible
setting up remote access/headless configurations
tweaking for differences in (identical) hardware...
comparing hashrates
thinking you should have done it differently
doing it differently...
putting it back the way you had it
forgetting the way you had it
trying linux for the first time because all the cool kids are using it
over clocking/under volting, crashing your rig right after you go to bed
being late to work the next morning just so you don't loose any more money
and of course....getting so involved in your new mining operation that you forget about your friends and family...hahah
This is a tremendous amount of work to do. Now imagine adding about 10 more tasks to your plate and 50 people that have a "better way" of doing it and boom, you have it...
I think that if people (investors) that are not quiet shareholders, remembered that an all inclusive mining solutions platform of any size takes a lot of work and is geared towards holding. There are very few investment models that enable you to gain your initial investment back from more ways than just speculation and basic increase in project worth. The fact that you can trade MINEUM tokens on the exchange is such a small facet and feature of the project. If the MINEUM project was just another coin project and didn't have one of the most devoted development teams in the biz, I'd under stand how someone could be worried about exchange price. Remember the lower the price goes, the easier it is for you to buy in and make more return in the form of shareholder rewards. Just because you don't hold a huge number of shares doesn't mean that you won't still make a huge consistent return on your investment.
In the last few months I've participated in more than a handful of ICOs and to be honest, I can't think of any that have the close net community that we do here at MINEUM nor have can I remember bench pressing lambos on the moon with any of them either.
The MINEUM project compares more to a real world investment than a roll the dice crypto crap shoot. The fact that there is a mining farm behind us guarantees a return to shareholders without selling their stake. This in it's self, sets us apart from the norm.
Again, as I usually do, I would like to encourage everyone to come visit us in the slack and the MINEUM forum.
mephoria
