Mining Farm in Mongolia ICO Perspectives

[Timatim]

We are planning to realize an ICO Project of mining farm, which will be located in Mongolia, Baganuur town,
where electricity is cheap (0.015 US dollars), and at nighttime it is free of charge (from 1 st August, 2017).
75 % of issued tokens will be available to distribution to investors, 5 % of tokens are for bounty programs,
and the rest of 20 % tokens will be retained by the development team to cover administrative and operating
costs.

All mined ETHs will be distributed proportionally among the tokenholders in proportion to their
contributions on a monthly basis.

We are now in the process of developing a white paper and a website of the mining farm.


Dear community,
What perspectives do you see for fundraising within the ICO framework for this project?

[1714897196]

1714897196

[Charlene]

hello sir , do you want to use ico money to mine eth ,is it right?

[Timatim]

Hello, thanks for asking.
Yes, that is right. Funds raised through ICO will be used for purchase of mining hardware; subsequently we will start mining ETHs.

[misterbigg]

How can we trust newbie? do you have any proof?

[Timatim]

Proof will be provided in a white paper and a website releasing soon upon actual ICO. At this stage we would like to assess what interest will be in our project if we launch ICO at all.

[hirokazu]

How much token supply will be?
Do you have a roadmap or future plan?
Where we can get several information about your project?
Waiting for you to update the ANN

[levelten]

Mining ETH will be over in a year or two once they switch to Casper.
Metropolis will be released in a month or two and Casper will be activated shortly after that.
I am not sure how this project will last long without any road map plan out.

[DonApp]

We are planning to realize an ICO Project of mining farm, which will be located in Mongolia, Baganuur town,
where electricity is cheap (0.015 US dollars), and at nighttime it is free of charge (from 1 st August, 2017).
75 % of issued tokens will be available to distribution to investors, 5 % of tokens are for bounty programs,
and the rest of 20 % tokens will be retained by the development team to cover administrative and operating
costs.

All mined ETHs will be distributed proportionally among the tokenholders in proportion to their
contributions on a monthly basis.

We are now in the process of developing a white paper and a website of the mining farm.


Dear community,
What perspectives do you see for fundraising within the ICO framework for this project?

Could you elaborate why you chose ETH for mining? There are many more profitable coins to mine. Furthermore, I would suggest to make a split in GPU, X11 and Scrypt equipment. This will reduce risk; if you only mine 1 type of coin and the market gets swamped with much better equipment that increases difficulty tremendously (eg Asics) your profitability will be crushed.

One thing on the location; what are the frequencies of power outages? And stability of the internet connection? Do you have mitigations in place for them?