[ANN][ICO] «Envion» Most Profitable Self-Expanding Crypto Infrastructure

[kohlicool54]

I find it very surprising that you think that you will somehow be able to remove all that heat with just two relatively small fans. Please post the calculations that show that to be possible.

Also, where are the air filters? You know you need to filter the air, right?

Since I've actually done calculations on air cooling a container filled with miners I can give you a hint: You basically need one whole side of the container filled with air filters and the other side filled with large fans.

They seems to have developed there own patterned cooling system.its yet to be confirmed.no details are available for now.

[Zendalet]

I find it very surprising that you think that you will somehow be able to remove all that heat with just two relatively small fans. Please post the calculations that show that to be possible.

Also, where are the air filters? You know you need to filter the air, right?

Since I've actually done calculations on air cooling a container filled with miners I can give you a hint: You basically need one whole side of the container filled with air filters and the other side filled with large fans.

They seems to have developed there own patterned cooling system.its yet to be confirmed.no details are available for now.

If it's patented there should be no objection to demonstrating it. In fact shouldn't we be able to find the patent on the patent office's website?

[brainstormer]

someone answered before:


Envion have been in stealth for 2 years before they announced the project. The first generation mining unit and software stack was developed back in 2015. Much has evolved since then.

Patent filing @ DPMA (Germany): 102017125540.0

Envion cannot say when DPMA will post to their website, but that is the application number Envion were given. They hope it’s available to the public soon.

[envion]

ANNOUNCEMENT

We have been discussing our agreement with an outside auditing firm on this thread and on our Telegram channel.  In the interest of transparency with our investors during the ICO process and to protect the integrity of future endeavors, we have contracted one of the Big Four auditing firms to audit envion's business operations.  

This firm will supervise our ICO and manage relations with financial regulators including the release of a prospectus that will allow our security token to be traded on even more markets. They will also create reports on a regular basis which confirm that envion is operating in accordance with our public statements and contractual agreements. These reports will be published directly when possible or indirectly via a trusted 3rd party as we are doing with this announcement.

Due to contractual obligations, we cannot reveal the name of our auditor.  However, we wanted to confirm the veracity of our claim for our potential investors and submit to you a notarized confirmation that we have an agreement with a Big Four auditor for the above-mentioned cooperation.

Those familiar with the process of engaging such an auditor know that the process requires significant vetting on the part of the auditor and a commitment from envion to operate honestly and fulfill our obligations to our investors and customers.

[Zabivelli]

ANNOUNCEMENT

We have been discussing our agreement with an outside auditing firm on this thread and on our Telegram channel.  In the interest of transparency with our investors during the ICO process and to protect the integrity of future endeavors, we have contracted one of the Big Four auditing firms to audit envion's business operations.  

This firm will supervise our ICO and manage relations with financial regulators including the release of a prospectus that will allow our security token to be traded on even more markets. They will also create reports on a regular basis which confirm that envion is operating in accordance with our public statements and contractual agreements. These reports will be published directly when possible or indirectly via a trusted 3rd party as we are doing with this announcement.

Due to contractual obligations, we cannot reveal the name of our auditor.  However, we wanted to confirm the veracity of our claim for our potential investors and submit to you a notarized confirmation that we have an agreement with a Big Four auditor for the above-mentioned cooperation.

Those familiar with the process of engaging such an auditor know that the process requires significant vetting on the part of the auditor and a commitment from envion to operate honestly and fulfill our obligations to our investors and customers.

Good job guys. We have now at least something official.

[lagur]

ANNOUNCEMENT

We have been discussing our agreement with an outside auditing firm on this thread and on our Telegram channel.  In the interest of transparency with our investors during the ICO process and to protect the integrity of future endeavors, we have contracted one of the Big Four auditing firms to audit envion's business operations.  

This firm will supervise our ICO and manage relations with financial regulators including the release of a prospectus that will allow our security token to be traded on even more markets. They will also create reports on a regular basis which confirm that envion is operating in accordance with our public statements and contractual agreements. These reports will be published directly when possible or indirectly via a trusted 3rd party as we are doing with this announcement.

Due to contractual obligations, we cannot reveal the name of our auditor.  However, we wanted to confirm the veracity of our claim for our potential investors and submit to you a notarized confirmation that we have an agreement with a Big Four auditor for the above-mentioned cooperation.

Those familiar with the process of engaging such an auditor know that the process requires significant vetting on the part of the auditor and a commitment from envion to operate honestly and fulfill our obligations to our investors and customers.

Well that's going to be as much transparency as we can get if it really is going to happen. Looking forward to it and congrats for the decision.

[banivur]

What the difference between this project and Hydromine?

[Syroamst]

Envion is selected by ICO Drops!    See https://icodrops.com/envion/

[jacaf01]

The idea behind this project is sound but the team must clear up the air, so any allegations surrounding the team and since scam is a common thing in the space the team need to answer to question been raised

[MarkX2]

ENVION ------------------You did not answer my one question!!!!


1.You have not answered-where is your mining???
 
Where exactly is mining farm?

2. What you could do a patent if your company only 1 month?

3. You do not call the compute capacity of your container : how many PH/s  MH/s?

4. You are talking about a profit of 161% per year from your equipment container holes in them with a few rows of video cards will be able to bring a profit?

 You have not performed any testing of the container - you don't have anything other than a container with holes from sewer pipes and a couple of fans!!!

ENVION ----------------YOU scammers - you can at least one my question answer?

WHY YOU HIDE THE FOUNDERS OF THE COMPANY?

[lagur]

The idea behind this project is sound but the team must clear up the air, so any allegations surrounding the team and since scam is a common thing in the space the team need to answer to question been raised

If you take the time to read a few comments before this you will find that they assigned a major audit company to check everything. That's much more than you can expect and even more than you are used to from any other project out there.

[KaiBosh]

It looks as though my questions were overlooked.

Envion would you care to address these please? Many thanks.

—


Good evening envion,

Thank you for taking the time to answer most of my questions, very useful. Please understand that if something SEEMS too good to be true, it usually is, so I have a couple more questions I need to be addressed before I can invest - and obviously with this rate of return I REALLY want to invest - I would appreciate your thoughts on the following:


1) The discounted token purchase price is US$0.70 - but the dividends will be paid in Ethereum. You do not know what the exchange rate from USD to Eth will be on December 1st, and certainly have no idea what the exchange rate will be each week from the end of January when dividends begin. You estimate 161% but when Eth changes in value against the dollar, this return could be far higher, or far lower. If my token holding entitles me to X number of ETH per week - and it's the same number of ETH each week - the value of this return is completely dependent upon the value of ETH at the time. For example if I invest $10,000 you anticipate a return of $16,100 in Year One, but you're paying in Eth which could be worth any amount.

How can you calculate what the rate of return will be?


2) You have only tested one MMU, in a warehouse in Berlin, with a reduced number of processors inside. Deployed MMUs will be in direct sunlight, at 100 degrees Farenheit, or zero degrees in snow, with rain, desert sand, dust, salty sea air, at very high or very low humidity, varying altitudes and air pressure, levels of pollution etc.

How do you know MMUs will perform OK in these conditions without testing?


3) Why is your prototype dashboard only showing a simulation? Where is the real data from actual testing?


4) You will be running Proprietary Operations and Third Party Operations. POs will pay 100% of revenues to token holders. TPOs will pay 35% of revenues to token holders.

What is the benefit of TPOs? Why not run all MMUs as POs?


5) The ICO closes end of December. Dividends begin end of January. This gives you ONE MONTH to clear funds, source components, contract out the manufacture of MMUs, find premises for assembly, purchase and transport containers and components to the factory, find staff and build the MMUs. Then you need to find suitable locations, negotiate and sign contracts with power suppliers, transport the completed MMUs to these locations around the world, test, configure them, complete diagnostics, remedy errors and solve problems which will occur and then begin mining currency and arrange for dividends from these to be paid. All in one month.

How is this possible?


If these questions are satisfied, then I look forward to visiting your operation in Berlin in a couple of weeks and will bring my wallet Smiley


Many thanks,

KaiBosh

[gembira]

Right now there is the prototype and a second that is being installed and ready in a few days. Yes the prototype is fewer stocked than the final working MMU. After ICO production will start.
It depends on the regions where the MMUs will be deployed. Envion has 3 different configurations. The Medium Density Implementation is well suited for regions with high ambient air temperatures.
So for colder areas a fully stocked MMU running at full capacity won't be a problem.

Where I can see your prototype? Do you have videos with your prototype in job?  And how much cost solar energy with your prototype? In detal numbers pls.

[Hashbunker]

I find it very surprising that you think that you will somehow be able to remove all that heat with just two relatively small fans. Please post the calculations that show that to be possible.

Also, where are the air filters? You know you need to filter the air, right?

Since I've actually done calculations on air cooling a container filled with miners I can give you a hint: You basically need one whole side of the container filled with air filters and the other side filled with large fans.

They seems to have developed there own patterned cooling system.its yet to be confirmed.no details are available for now.

Sure, but that doesn't change the laws of thermodynamics. They need to eject all that heat to the outside and using two small fans to do it is just impossible. They even say one of the fans is used for backup, so one small fan should cover the cooling requirements which is just silly.

Even if they have figured out a way to keep the air separate from the electronics (to avoid filtrating the air) they still need to eject all the heat.

They either don't know what they are doing or they are trying to scam people. They should be able to show the calculations for ejecting the heat, that part is not secret. Or they could even give the specs of the fans and we could calculate it ourselves.

[ybopkiwj]

Project flyby, team fly, high quality

I will always pay attention

[envion]

It looks as though my questions were overlooked.

Envion would you care to address these please? Many thanks.

—


Good evening envion,

Thank you for taking the time to answer most of my questions, very useful. Please understand that if something SEEMS too good to be true, it usually is, so I have a couple more questions I need to be addressed before I can invest - and obviously with this rate of return I REALLY want to invest - I would appreciate your thoughts on the following:


1) The discounted token purchase price is US$0.70 - but the dividends will be paid in Ethereum. You do not know what the exchange rate from USD to Eth will be on December 1st, and certainly have no idea what the exchange rate will be each week from the end of January when dividends begin. You estimate 161% but when Eth changes in value against the dollar, this return could be far higher, or far lower. If my token holding entitles me to X number of ETH per week - and it's the same number of ETH each week - the value of this return is completely dependent upon the value of ETH at the time. For example if I invest $10,000 you anticipate a return of $16,100 in Year One, but you're paying in Eth which could be worth any amount.

How can you calculate what the rate of return will be?


2) You have only tested one MMU, in a warehouse in Berlin, with a reduced number of processors inside. Deployed MMUs will be in direct sunlight, at 100 degrees Farenheit, or zero degrees in snow, with rain, desert sand, dust, salty sea air, at very high or very low humidity, varying altitudes and air pressure, levels of pollution etc.

How do you know MMUs will perform OK in these conditions without testing?


3) Why is your prototype dashboard only showing a simulation? Where is the real data from actual testing?


4) You will be running Proprietary Operations and Third Party Operations. POs will pay 100% of revenues to token holders. TPOs will pay 35% of revenues to token holders.

What is the benefit of TPOs? Why not run all MMUs as POs?


5) The ICO closes end of December. Dividends begin end of January. This gives you ONE MONTH to clear funds, source components, contract out the manufacture of MMUs, find premises for assembly, purchase and transport containers and components to the factory, find staff and build the MMUs. Then you need to find suitable locations, negotiate and sign contracts with power suppliers, transport the completed MMUs to these locations around the world, test, configure them, complete diagnostics, remedy errors and solve problems which will occur and then begin mining currency and arrange for dividends from these to be paid. All in one month.

How is this possible?


If these questions are satisfied, then I look forward to visiting your operation in Berlin in a couple of weeks and will bring my wallet Smiley


Many thanks,

KaiBosh

Hi KaiBosh.  I answered your questions on Telegram, but I'll repost them here.

1.) The ROI is projected in dollars which correspond to the full token price of $1 USD.  Regardless of payment method, you will receive tokens based on the exchange rate of your local currency in the case of fiat or crypto to USD.  That amount will be the dollar amount invested.    The payout will be in ETH and consist of proceeds of mining converted into ETH.  If you’re unclear on how the value of Ethereum fits into that, I suggest reading page 51 of the Whitepaper which explains the application of the Ornstein–Uhlenbeck process to model the price of Ethereum.

2.) We perform the same real-world testing and software modeling that hardware designers around the world use when testing their products. By using industrial grade materials and processes, we ensure that our performance benchmarks will work under the same operating conditions as the hardware found in solar parks and wind parks etc. 

3.) Our technicians have run additional tests and optimizations during the weeks since going public—in some cases, improving the performance of the mining operation.  It would be disruptive to investors if they were to arrive at the website and find the MMU working at below optimal performance or powered down altogether, so we decided a snapshot of the live data would be better than taking the chance of a visitor encountering no data when they came to the page.

4.) The ICO pays for a certain amount of MMUs.  25% of the profits will be reinvested in growing the PO network.  That growth is fixed.  TPO allows even more growth beyond the number of MMUs built from ICO funds and the 25% reinvestment.  In short, it’s an additional mechanism to scale even further beyond the level dictated by the performance of the ICO.

5.) The production line and hardware suppliers were put in place long before we announced our ICO.  They are ready to roll starting in January.  The user Andy on this channel even contacted one of our advisors to get his input on our preparations and you can find the response reposted on Bitcointalk here: https://bitcointalk.org/index.php?topic=2348435.msg24716291#msg24716291

[TummStyx]

Hi Envion,

I greatly appreciate how responsive your team has been on answering questions. I have a few more of my own after rereading the whitepaper. I apologize if these questions are redundant. I've done my best to keep up on the Telegram and Bitcoin Talk but there is just so much happening.

1) Can you clarify this statement: "Neither the Swiss FINMA nor the United States Securities and Exchange Commission nor any other foreign regulatory authority has approved an investment in the tokens."

2) I believe that you are eventually looking to get approval from the SEC in the United States?

3) Do you have an approximate number of the energy companies that have agreed to be Third Party Operators?

4) On page 14 of the whitepaper youforgot the "E" in Envion as the first word under Unique Selling Proposition. I'm not being a stickler, I just figured you'd like to know so you can fix it.

5) The MMUs have a 100 KW intake? Am I understanding that correctly?

6) You refer to "our partner network of firms" which has allowed you secure and prioritized access to components such as large numbers of GPUs. Can you name these firms?

7) You have a diagram of containers stacked in a pyramid shape on page 16. Have you considered cooling issues that will arise from stacking containers?

Can you confirm the chemical defense system will be included in the final products?

9) In addition to investment funds, what else will be needed on December 1, 2017 to secure token? Documents, passport?

Thanks!

[Zubob]

I think my favourite part is that it is completely  scalable!

[Moebius327]

Dividends are paid out to holders EVN tokens to the Ethereum wallet that hold them in the form of ETH?

[cybercash]

Dividends are paid out to holders EVN tokens to the Ethereum wallet that hold them in the form of ETH?

EVN are ERC20 compatible tokens that you can hold in your Ethereum wallet. The dividends are paid out in ETH.

Only wallets that are holding EVN Tokens are eligible to get the dividends.