Is this completely safe ? Or there is always that little risk ? Because I read about the crypto farm in Russia that has been raided by the police
Every project has risk.
From page 17 of the whitepaper (which you can find here
https://ambitmining.io/doc/Ambit-WhitePaper.pdf ) :
RISKS
See below for some of the risks inherent in cryptocurrencies and ICOs in general.
The risk of failure to fund the project is present. We will fully refund all token holders to their payment wallet addresses, less transaction fees, should this unlikely event occur.
The Ambit Mining Token (AMBT) may be influenced by market trends once listed on the exchanges. The value of AMBT may be influenced by events out of control of the cryptosphere, including fraud, legislative changes, tax treatment changes, new disruptive technologies and organized crime.
AMTB may not ever be tradale on the exchanges.
The mining software may not meet expectations. There are many points of failure in this program innovation process. Changes in mining difficulty may squeeze profit margins into insignificance after costs.
Construction timeline specified in the whitepaper is based on the reasonable estimates, but it is not guaranteed.
Alternative technologies may be developed that negate the need for cryptomining and related services. This is one of the strengths of Ambit Mining, because if one product line fails for unforeseen events, then the revenue from hosting services is still available for the organization use as a source of income.
Cryptocurrencies are extremely volatile, AMBT may suffer from these severe pricing changes. Most of the ICO funds will be spent immediately on mining hardware, so this risk does still exist for some of the funds held in cryptocurrencies produced by mining activities and not yet distributed as profit share.
Tokens may in future fall under as yet undefined tax law changes, which could significantly affect the efficiency of this type of token.
The Tokens could also face the risk of limited or no liquidity in the market. Should this happen you will not be able to sell your tokens on the exchanges.
Breakthroughs in the field of cryptographic technology could destabilize the whole industry. An example of this would be the use of quantum computers to mine Proof-of Work coins and therefore mine all available coin resources in a very short space of time. However, should this happen, the traditional banking system would be equally adversely affected.
There are no guarantees that the Tokens will increase in value; volatility in the crypto exchanges mean that the price of this Token might, at some point in the future, come down.
It is possible that the organization will fail to launch or if launched, will fail to meet profitability targets set out in the Business Model document.
Ambit Mining performance may be interrupted, suspended or delayed due to force majeure circumstances. For the purposes of this White Paper, force
majeure shall mean extraordinary events and circumstances which could not be prevented by Ambit Mining and shall include: acts of nature, wars, armed conflicts, mass civil disorders, industrial actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of energy supplies or communication service, acts of municipal, state or federal governmental agencies, other circumstances beyond Ambit Mining’s control, which were not in existence at the time of Token Launch.
