removed

[Aris_Eng]

In addition, why do you state "Pentahash Mining is a newly formed company, which operates in the crypto-currency mining space. We have procured the equipment for the first roll-out phase for our first data center. Pentahash will shortly be, and will remain the largest crypto-mining operation in Africa with the following capacity" here: https://www.linkedin.com/in/eric-krige-0b04bb32/

This while it is stated here that "Our mining operations will not have significant market share in global mining operations; however will be the largest mining operation in South Africa, we will easily be able to expand further due to the excellent and lively nature of the operation": https://medium.com/@lalurieno/moonlite-operates-in-crypto-currency-mining-space-to-start-mining-bitcoin-bitcoin-cash-dash-cd59e9245cd6

In other words, my question is: Which of the two companies and/or projects are going to be the largest, Pentahash Mining or MoonLite?

Furthermore, where can I find more information pertaining to EMK Bulk Carriers and The Capitevo Group?

Thank you for your time and effort in this regard.

Hi Paulmaritz,

thanks for your 2 comments.

By rights, the linked-in profile of Eric Krige needs to be updated, so thank you for this. Pentahash was actually the genesis to the MoonLite Project, when we first planned to do it in SA as a private project. As the project scope grew and we realized what we could create, we exited from this original plan due to several factors ranging from political stability, energy prices, energy supply etc, and pentahash was downgraded to a non-project, while we focused on MNL. the equipment is privately owned and operated, and is of no direct interest to the MNL project. the equipment will ultimately be merged into the main data centre as part of MNL (at no cost), and pentahash will be terminated. the important thing to note is that this was the testing ground for the systems, procedures, AI, custom codes and the like, that will be instilled in the MNL project.

in a way it was actually a very important development step, but I can understand the confusion, so I apologize for this.

EMK Capital (Pty)Ltd is a SA registered company, that holds the business interests of E Krige in SA. this is not related to MNL or the Capitevo Group.

The corporate structure for MNL is fairly complex, as we have to be compliant in many jurisdictions, and we have to provide token holder security. in short:

1)Capitevo Group is the holding company (in registration) - this owns all companies below it, relating to the MoonLite Project.

2a) A LLC still in registration in Iceland will own the physical operating equipment, leases, HR contracts and the like, and will function as the "operating entity" for the MNL project
2b) The data centre property and buildings will be purchased through another pre-registered Icelandic corporation to make the process shorter, less complex due to foreign land ownership laws, and reduces transfer taxes - in other words, the property we are buying is already in an LLC, we would effectively be buying the stocks in that company.

3) Capitevo Investments (in registration in 2 jurisdictions) is the investment arm of the group, and executes investments as per the whitepaper and token holder votes.

we have not elaborated on corporate structure as most would find this confusing and would tend to think down the path of "scam", but this is certainly not true. the structures are designed to provide security to token holder capital in the event of downside risk becoming prevalent, and to take advantages of tax laws, and to comply with multi-country laws in many jurisdictions. although not really elaborated on, this is something we have spend a great deal of time and money on, getting it "just right"

E Krige's linked in profile will be updated to prevent any further confusion. we hope this has answered your questions.

MNL Team

Thank you for the timely response and explanation. Much appreciated.

Can you provide me with the registration numbers of EMK Capital (Pty)Ltd, the Capitevo Group and Capitevo Investments? In addition, can you confirm that you have no relationship with this company: https://www.emkcapital.com/?

Furthermore, "London, UK" is mentioned at the bottom of the MoonLite website to your left. Which of the groups and/or companies involved are registered in London?

I second that request. If legit, you should be able to answer these questions easily.

[jtalk]

It didn't come in my knowledge whether it was clarified or not but I would still want to know about this. Usually a maximum of 100% match bonus is offered but you are going out of the way by offering 100%-300% why you decided to offer this much ? Was there any specific reason behind this initiative ?

[herfie.chen]

i like the concept in this project, and very interesting to see the bounty program managed by atriz, it's will very interesting to participate in this bounty program and hope will be success.

[laurenB7742]

I read the whitepaper and it says on the page 18 that Phase 1 pre-sale opens on 5th January, but this ANN was posted on 9th January. Why is that?
Also the 35% is relatively small share of profit that you are going to use for buy-back compared to similar mining ICOs. Ice Rock Mining will pay 50% of all profit from mining to investors. Also their electricity is cheaper ($0.03) and they also use green energy source (hydroelectricity).

[coinzaq]

waiting for more details

[MoonLite Project ICO]

Good day everybody, thank you for your overwhelming support. I will attempt to answer all questions here:

@laurenB7742 - I am not at liberty to talk about another project which I am not familiar with. 15% is a relatively small percentage anyway you look at it. we have pegged profit distribution to token holders at 35% as we also have an aggressive expansion policy and we feel that this is the best ratio that allows for generosity and expansion to run hand-in-hand. it may also be worthwhile comparing capacity and expected output. 50% of a smaller project may be less than 35% of a larger project. lastly, we allow our token holders to vote on this ratio 4 monthly.

also, does this mining operation have a 12 year fixed base price for their energy??

@jtalk - we have attracted more than $5m worth of investment at our top bonus tier which would otherwise have been forfeited. this was the plan all along. some ico's offer much more than that too. from 1 February, we reduce all bonuses to 50%, irrespective of size.

@paulmaritz - as seen in my previous post, the 2 companies (for this project) are in registration in their respective jurisdictions. you are welcome to email me at eric@moonlite.io to request any information of this sort, as it is sensitive info and should not be broadcast in a public setting - however we are willing to provide this info on a case by case basis to interested parties. I own interests in a company names EMK Capital - is non party to this project, and is not related in any way to the company you speak of.

we are really blown away with the support received for our project. phase 1 has had a terrific response, and the final numbers for this phase will be released in a press release, as well as via this thread, social media, and email newsletter (sign up on www.moonlite.io)

[mcinen]

This ones looks interesting!

[S3cco]

Bitcoin Garden: Moonlite, the First Smart-mining Solution
https://bitcoingarden.org/moonlite-first-smart-mining-solution/

As the cryptocurrency industry became more and more popular – a lot of people purchased cryptocurrency mining devices and started mining on their own. As this may sound like great news, it’s not really like that. According to a study, by 2020 the cryptocurrency mining industry would consume more energy than any other. And that will be harmful for the environment.

Luckily, The Moonlite Project plans to revolutionize the way cryptocurrencies are mined by mining at an industrial level using only sustainable, low cost, green energy. The project will mine several cryptocurrencies such as Bitcoin, Bitcoin Cash, Dash and Litecoin by using the newest technologies, Artificial Intelligence and custom algorithms to the betterment of operational efficiency and profits, while also lowering the occurrence of unplanned down-time....

[paulmaritz]

Good day everybody, thank you for your overwhelming support. I will attempt to answer all questions here:

@laurenB7742 - I am not at liberty to talk about another project which I am not familiar with. 15% is a relatively small percentage anyway you look at it. we have pegged profit distribution to token holders at 35% as we also have an aggressive expansion policy and we feel that this is the best ratio that allows for generosity and expansion to run hand-in-hand. it may also be worthwhile comparing capacity and expected output. 50% of a smaller project may be less than 35% of a larger project. lastly, we allow our token holders to vote on this ratio 4 monthly.

also, does this mining operation have a 12 year fixed base price for their energy??

@jtalk - we have attracted more than $5m worth of investment at our top bonus tier which would otherwise have been forfeited. this was the plan all along. some ico's offer much more than that too. from 1 February, we reduce all bonuses to 50%, irrespective of size.

@paulmaritz - as seen in my previous post, the 2 companies (for this project) are in registration in their respective jurisdictions. you are welcome to email me at eric@moonlite.io to request any information of this sort, as it is sensitive info and should not be broadcast in a public setting - however we are willing to provide this info on a case by case basis to interested parties. I own interests in a company names EMK Capital - is non party to this project, and is not related in any way to the company you speak of.

we are really blown away with the support received for our project. phase 1 has had a terrific response, and the final numbers for this phase will be released in a press release, as well as via this thread, social media, and email newsletter (sign up on www.moonlite.io)

Personally I am not convinced. You want the public's money, but feel the need to keep vital information out of the public sphere. Best of luck to those who buy into this project. They will have little to fall back on if you decide to run away with their money.

[coinfreak2018]

Why is there not a KYC with this?  I've been skeptic of ICO's which don't require a KYC.  Also, does that mean all countries are available to purchase?

[Zorbaks]

im very interesting ..... i wanna swap my eth

[MoonLite Project ICO]

Hi everybody, just some answers to the questions to date:

@Zorbaks , great, thanks for the support. you can easily contribute at sale.moonlite.io

@coinfreak2018 , we have had law firms inside and outside of the US involved in the legal consulting of our ICO and offering. through their advise, and the advise of our advisors, we have elected to keep the process of participating in our as simple and paperless as possible. we are also not contravening any laws by doing so... we have excluded US citizens from our ICO terms and conditions, but we have also spent a great deal of time ensuring that our offering is strictly NOT a securities based offering, so it should actually be quite safe still. we of course do allow accredited investors to participate, and we collect that documentation separately.

@paulmaritz , we respect your opinion. every step of our timeline and rollout process, including all financial and token allocation processes are independently audited. these results will obviously always be made public. you were asking for registration info about companies that are still in the process of registration in their respective jurisdictions, so we are not yet prepared to release this info (unofficial) in an informal environment like BCT. this info will be finalized and made available for everybody to see on our web site and in an official press release. you were also asking for registration info for private companies not related to the MoonLite project. lastly, the theft of public funds is not a threat form our side, but we can obviously understand that there have been many scams around, and that people should be cautious.

Thank you to everybody for your support! Speak soon!

MNL Team

[Bluebird101]

Hi everyone - I'm a newbie here and a complete dummy. Therefore, could anyone please kindly tell me exactly how I sign up for this MoonLite Bounty offer pleeezzzeee? 

[amishmanish]

Hey Guys. Moonlite just got a mention on BBC webiste . So they are planning an initial power input of around 15 MW for the data center.

Here 's the link on BBC news website:
http://www.bbc.com/news/technology-43030677

It says

The crypto-currency mining industry in Iceland was recently given a boost thanks to the launch of The Moonlite Project - a large data centre where various crypto-currencies, including Bitcoin, will be mined.

If you leave around 3 MW for auxiliary powers, cooling fans etc (not needed much in Iceland of course), then we come to around 12 MW of power for mining. An Antminer S9 is 1300W for ~13TH/s. That 12 MW can power a whopping 9230 S9's.

Comments from the team are welcome.

[akamit]

I have read in moonlite site that the token will be listed in etherdelta only.
Don't you have any plan to list for any other big exchanges, such as binance, hitbtc or something similar level?

In my opinion, Moonlite is a good project and it should deserve to be listed in top exchanges.

[joncoinsnow]

will it not be unfair when the token bought back is the same with a bitcoin crash? I find it hard to sell if that will happen

[igor2727]

This project looks very serious.  Can you explain to me.  How many programmers do you have on the team?   Thankfulness.

[Cr33pt0b0ss]

Looking forward for development of moonlite.

[btcthor]

@MoonLite Project ICO

Interesting project

Stumbled on something when reading the whitepaper.

"Exempt from VAT, and VAT claimable on all Data Centre Equipment"
How does that work? Thought you had to pay VAT on all purchases regardless?

"Corporate Income Tax at 20%, with the possibility of a ceiling"
What do you mean by possibility of a ceiling?

Appreciate your response

[aardvark15]

I have read in moonlite site that the token will be listed in etherdelta only.
Don't you have any plan to list for any other big exchanges, such as binance, hitbtc or something similar level?

In my opinion, Moonlite is a good project and it should deserve to be listed in top exchanges.

I am also interested to see what exchanges will support Moonlite tokens. If you want more people to buy tokens after the ICO presale, it will be beneficial to get the major exchanges to support it such as Binance, Bitfinex, and Bittrex. If you can get those on board, I think you will see the value of the tokens increase because they will be available to more potential investors.