🔥 [ANN] 🔥 [ICO] 🚀 Miner One - Cutting-Edge Bitcoin Mining. 🔵 🔵 Crowdfunded.

[MkrKing]

You income will be less than you expect it to be ‘cause the cost of equipment increases constantly and retailers also set their mark-ups. So this will be a ig problem for you.

The company wont have problems with prices, it will acquire equipment at bargain price so income wont differ from the predicted one.

Does MinerOne has any special terms for purchase of equipment?)))

[defender77]

You income will be less than you expect it to be ‘cause the cost of equipment increases constantly and retailers also set their mark-ups. So this will be a ig problem for you.

The company wont have problems with prices, it will acquire equipment at bargain price so income wont differ from the predicted one.

Does MinerOne has any special terms for purchase of equipment?)))

Yep, something like that. They have established contacts with largest producers of mining equipment and they will buy it without any mark-ups and with wholesale discounts.

[MkrKing]

You income will be less than you expect it to be ‘cause the cost of equipment increases constantly and retailers also set their mark-ups. So this will be a ig problem for you.

The company wont have problems with prices, it will acquire equipment at bargain price so income wont differ from the predicted one.

Does MinerOne has any special terms for purchase of equipment?)))

Yep, something like that. They have established contacts with largest producers of mining equipment and they will buy it without any mark-ups and with wholesale discounts.

It’s great that the management of the company has taken care of that. Could you tell me please what producers they have established contact with?

[Igor Beijing]

You income will be less than you expect it to be ‘cause the cost of equipment increases constantly and retailers also set their mark-ups. So this will be a ig problem for you.

The company wont have problems with prices, it will acquire equipment at bargain price so income wont differ from the predicted one.

Does MinerOne has any special terms for purchase of equipment?)))

Yep, something like that. They have established contacts with largest producers of mining equipment and they will buy it without any mark-ups and with wholesale discounts.

It’s great that the management of the company has taken care of that. Could you tell me please what producers they have established contact with?

Ebang

[spyQQgood]

Have the timeframes of the ICO been extended?

[dayasinfo]

Have the timeframes of the ICO been extended?

Judging by the counter on the site, yes. Now there’re more than 12 days left until the end of the sale.

[spyQQgood]

Have the timeframes of the ICO been extended?

Judging by the counter on the site, yes. Now there’re more than 12 days left until the end of the sale.

What is extension of the timeframes associated with?

[dayasinfo]

Have the timeframes of the ICO been extended?

Judging by the counter on the site, yes. Now there’re more than 12 days left until the end of the sale.

What is extension of the timeframes associated with?

I dunno, maybe the company thought that it will be better for everyone.

[robinzzon]

It seems that it becomes more  complex to mine cryptocurrency every day! What will you do if you’ll suddenly mine more bitcoin and yr potential income will reduce significantly? 

[g8stTDas]

If you aren’t aimed at sale of bitcoins collected, how will you make profit? Due to what will you pay dividends to the investors?

[waitsummer]

What does mean that MinerOne can be kinda “cushion” which absorbs the volatility of the exchange rate of bitcoin?

[gazman]

Will your large mining centers have any impact on such important mining characteristic as Difficulty?

[dort]

Will you get any additional discounts from the electricity supplies for large amount of electricity used?

[minerone.io]

It seems that it becomes more  complex to mine cryptocurrency every day! What will you do if you’ll suddenly mine more bitcoin and yr potential income will reduce significantly? 

If you mine bitcoin, whether it’s worth 12,000 or 20,000, you still have more than what you started with. Our long-term technical analysis shows that the current drop in BTC and ETH prices is more like a return to a normal trendline from a hype-induced spike. So according to our best estimates it is profitable to participate in Miner One even if price for BTC drops. Please, you can get more details about "Cushion effect" (effect according to which mining is still profitable) on minerone.io and in white paper.

But if mining becomes unprofitable, we will pause. A contingency reserve will cover expenses for some idle time. If the situation persists, a decision may be made to liquidate Miner One.

[minerone.io]

If you aren’t aimed at sale of bitcoins collected, how will you make profit? Due to what will you pay dividends to the investors?

Yes, it is a risky venture and we clearly state that from the very beginning. Majors risks are bitcoin price and difficulty ratio. This includes the buying power of the ICO, as well as equipment process, installation costs, etc. Yes, there is a chance that the data center will not be as profitable as we expect. Say, today’s rate of ETH is just half of what it was two months ago. This reduces the number of miners we can actually buy at the end of ICO if the price remains the same. The entire project may even fail for usual business or regulatory reasons.

If it will be unprofitable to mine bitcoin we will use 23% of output assigned for upgrades to switch to another cryptocurrency. And according to our plans, we are not going to interrupt mining process and as a result payouts. So, you can see, in that case, that we are following the idea of the profitable mining and would try to find the solution in any case.

There are certainly risks and they should not be underestimated. Future prices and exchange rates of cryptocurrencies are impossible to predict, as is mining difficulty, the evolution of legal regulations, future price of electricity, hardware, and other factors. We will do everything we can to mitigate these risks, but there is no way anyone can eliminate them. That is why our general advice is not to risk more than you can afford to lose. On the other hand, if we succeed, the gains could be double- or even triple-digit, it is may be announced due to our calculations.

[minerone.io]

What does mean that MinerOne can be kinda “cushion” which absorbs the volatility of the exchange rate of bitcoin?

The Miner One Cushion Effect refers to the difference between speculation in bitcoin and mining bitcoin. If you simply buy bitcoin, your profit or loss depends on whether bitcoin goes up or down. If you mine bitcoin, whether it’s worth 12,000 or 20,000, you still have more than what you started with. So, let’s say you put 14,000 into bitcoin and over the next year it drops to 12,000, then rises to 17,000, then drops back to 13,000. In the end you’ve lost 1,000. If, on the other hand, you put the same 14,000 into Miner One, this amount after one year can generate bitcoin worth up to 4,000 (depending on exchange rate, difficulty, etc.), which means you have a gain and not a loss. This is the Miner One Cushion Effect.

[polonium84]

What experience do you have in building the mining centers?  Which ones created by you are working at the moment?

[minerone.io]

Will your large mining centers have any impact on such important mining characteristic as Difficulty?

Yes of course, a lot depend on what the mining difficulty will be. If difficulty drops, profitability would increase. Please note: if BTC price or mining conditions push it below a level at which we can mine profitably, we will pause mining operations. We will be keeping a reserve to maintain the centres for some time during a severe downturn. If BTC recovers, we expect to resume operations. If we can foresee a situation developing that makes mining other cryptocurrencies a better bet, we can use the 23% of net output set aside for upgrades to make the switch.

[minerone.io]

Will you get any additional discounts from the electricity supplies for large amount of electricity used?

In Luleå, electricity is very cheap (we are getting the lowest rates in Europe here at 0.065 euro per kWh), supply is stable (lots of green power from hydro) and air is cool (average annual temperature is 2C) which keeps cooling costs minimal. BTW, Facebook will be our neighbors – they have a huge data centre here (the size of 11 football fields).

Here is more useful information https://medium.com/@minerone.io/miner-one-moves-forward-in-sweden-d94b0c9bf2ba

[Igor Beijing]

If you aren’t aimed at sale of bitcoins collected, how will you make profit? Due to what will you pay dividends to the investors?

Yes, it is a risky venture and we clearly state that from the very beginning. Majors risks are bitcoin price and difficulty ratio. This includes the buying power of the ICO, as well as equipment process, installation costs, etc. Yes, there is a chance that the data center will not be as profitable as we expect. Say, today’s rate of ETH is just half of what it was two months ago. This reduces the number of miners we can actually buy at the end of ICO if the price remains the same. The entire project may even fail for usual business or regulatory reasons.

If it will be unprofitable to mine bitcoin we will use 23% of output assigned for upgrades to switch to another cryptocurrency. And according to our plans, we are not going to interrupt mining process and as a result payouts. So, you can see, in that case, that we are following the idea of the profitable mining and would try to find the solution in any case.

There are certainly risks and they should not be underestimated. Future prices and exchange rates of cryptocurrencies are impossible to predict, as is mining difficulty, the evolution of legal regulations, future price of electricity, hardware, and other factors. We will do everything we can to mitigate these risks, but there is no way anyone can eliminate them. That is why our general advice is not to risk more than you can afford to lose. On the other hand, if we succeed, the gains could be double- or even triple-digit, it is may be announced due to our calculations.

That’s why I asked: Why are you fundraising in ETH, not in fiat? As you are saying yourself, with the current price of ETH, you can buy half of the planned miners...and putting your investors in danger. Moreover, I believe you will be paying for the equipment, maintenance, staff, rent etc in fiat. Why in the world would the company decide to fundraise in ETH?

Also, how is it possible that 4-5% of output will cover all operational costs, including electricity, when around 25% will go towards covering only the electricity, based on the price per kw/h stated on your website (EUR 0.065) and current mining profitability?