[ANN][ICO/IPO][PRE-SALE]FOLEUMio - GREEN Mining for the masses, Simplified

[ArahFrie17]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

[ReiGnZ]

Greetings people! Recently, the blockchain mining is thing, that everyone is talking about. So i want to try it by myself, i already read a decent amount of different articles about it, but it would be better to hear it from the horse's mouth, if it's not burdensome  for you, of course...

Greetings. Welcome to our field Long story short: blockchain or cryptocurrencies mining is the process where a transactions or digital asset such as information is
verified and added to a public ledger, known as the blockchain, and the means through which new cryptocurrencies tokens are released.

So, this thing require  some special hardware to do this? Or it can work or any personal computer?

[yuracryptoman]

Hey. I have been following your project for a long quite time, i really like it. 
I wanna ask, is Foleum will be financed by its community?

Hello. yes, Foleum is financed by its community of FOL Crystal holders.

And what's FOL Crystal holders gets for themselves from it?

Sure, in turn, Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits.

[yuracryptoman]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

Actually, it's pretty hard  to say what's the most "relevant" problem right now, cuz all of them pretty relevant 

[yuracryptoman]

Hello everyone! I'm pretty at all this blockchain-thing, can anybody explain me what ICO is, and what it's mean?

Oh, hello there! Sure, it's pretty simple actually,  an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign

Oh, i get it. So, your (FOL) Foleum mining crystals it's the same thing?

Basically, yeap. Initial Crystal Offering (ICO) means primary public sale of (FOL) Foleum mining
crystals.

[yuracryptoman]

Greetings people! Recently, the blockchain mining is thing, that everyone is talking about. So i want to try it by myself, i already read a decent amount of different articles about it, but it would be better to hear it from the horse's mouth, if it's not burdensome  for you, of course...

Greetings. Welcome to our field Long story short: blockchain or cryptocurrencies mining is the process where a transactions or digital asset such as information is
verified and added to a public ledger, known as the blockchain, and the means through which new cryptocurrencies tokens are released.

So, this thing require  some special hardware to do this? Or it can work or any personal computer?

It can, in theory, but it's not that effective. This process generally requires a specially-designed computer that can
handle operating 24/7 under extremely high load. (ASIC-based miners are used to mine Bitcoin or Litecoin, GPU-
based equipment is used to mine other altcoins like Ethereum or Zcash.

[investorgga]

Hey. I have been following your project for a long quite time, i really like it. 
I wanna ask, is Foleum will be financed by its community?

Hello. yes, Foleum is financed by its community of FOL Crystal holders.

And what's FOL Crystal holders gets for themselves from it?

Sure, in turn, Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits.

That's pretty cool! So, tokens/coins will be mined each day if i understand right, is that it?

[ArahFrie17]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

Actually, it's pretty hard  to say what's the most "relevant" problem right now, cuz all of them pretty relevant 

Oh, okay then, what's about lack of hardware right now? Cuz it's pretty serious right now, in my opinion.

[ReiGnZ]

Greetings people! Recently, the blockchain mining is thing, that everyone is talking about. So i want to try it by myself, i already read a decent amount of different articles about it, but it would be better to hear it from the horse's mouth, if it's not burdensome  for you, of course...

Greetings. Welcome to our field Long story short: blockchain or cryptocurrencies mining is the process where a transactions or digital asset such as information is
verified and added to a public ledger, known as the blockchain, and the means through which new cryptocurrencies tokens are released.

So, this thing require  some special hardware to do this? Or it can work or any personal computer?

It can, in theory, but it's not that effective. This process generally requires a specially-designed computer that can
handle operating 24/7 under extremely high load. (ASIC-based miners are used to mine Bitcoin or Litecoin, GPU-
based equipment is used to mine other altcoins like Ethereum or Zcash.

Oh, i understand. And the most important question - is that even profitability?
Because all this servers and spending you know...

[yuracryptoman]

Hey. I have been following your project for a long quite time, i really like it. 
I wanna ask, is Foleum will be financed by its community?

Hello. yes, Foleum is financed by its community of FOL Crystal holders.

And what's FOL Crystal holders gets for themselves from it?

Sure, in turn, Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits.

That's pretty cool! So, tokens/coins will be mined each day if i understand right, is that it?

Yeap, that's right. Daily, Foleum and participants will be mine tokens such as: BTC, ETH, LTC, ZEC, etc...

[yuracryptoman]

Hello everyone! I'm pretty at all this blockchain-thing, can anybody explain me what ICO is, and what it's mean?

Oh, hello there! Sure, it's pretty simple actually,  an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign

Oh, i get it. So, your (FOL) Foleum mining crystals it's the same thing?

Basically, yeap. Initial Crystal Offering (ICO) means primary public sale of (FOL) Foleum mining
crystals.

Okay then, i get it. I know about each token representing different platform, which one Foleum will use?

Foleum using Ethereum and (FOL) Foleum mining crystals is an Ethereum security token, representing the
right to profit-sharing from the mining proceeds of the Foleum project.

[yuracryptoman]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

Actually, it's pretty hard  to say what's the most "relevant" problem right now, cuz all of them pretty relevant 

Oh, okay then, what's about lack of hardware right now? Cuz it's pretty serious right now, in my opinion.

Okay, about this problem, according White Paper:
 "Acquiring the hardware components for on the intended scale of the Project would normally be a large concern due to
the popularity of blockchain mining and the limited production capacity of hardware suppliers. There is extremely high
demand for this type of hardware.
Through our network of strategic partners, we have been able to secure prioritized access to components such as
GPUs and motherboards in large quantities."

[yuracryptoman]

Greetings people! Recently, the blockchain mining is thing, that everyone is talking about. So i want to try it by myself, i already read a decent amount of different articles about it, but it would be better to hear it from the horse's mouth, if it's not burdensome  for you, of course...

Greetings. Welcome to our field Long story short: blockchain or cryptocurrencies mining is the process where a transactions or digital asset such as information is
verified and added to a public ledger, known as the blockchain, and the means through which new cryptocurrencies tokens are released.

So, this thing require  some special hardware to do this? Or it can work or any personal computer?

It can, in theory, but it's not that effective. This process generally requires a specially-designed computer that can
handle operating 24/7 under extremely high load. (ASIC-based miners are used to mine Bitcoin or Litecoin, GPU-
based equipment is used to mine other altcoins like Ethereum or Zcash.

Oh, i understand. And the most important question - is that even profitability?
Because all this servers and spending you know...

Yes, just like the price of Bitcoin the profitability of mining can swing drastically.
However, Bitcoin’s historical average mining profitability is about $15 a day with
standard currently available Foleum equipment.

[investorgga]

Hey. I have been following your project for a long quite time, i really like it. 
I wanna ask, is Foleum will be financed by its community?

Hello. yes, Foleum is financed by its community of FOL Crystal holders.

And what's FOL Crystal holders gets for themselves from it?

Sure, in turn, Crystal holders are entitled to receive distributions of up to 60% of the Project’s mining profits.

That's pretty cool! So, tokens/coins will be mined each day if i understand right, is that it?

Yeap, that's right. Daily, Foleum and participants will be mine tokens such as: BTC, ETH, LTC, ZEC, etc...

Okay, i see, that's rather good in my opinion. So all of this crypto currency, will be distributed between participants?

[ArahFrie17]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

Actually, it's pretty hard  to say what's the most "relevant" problem right now, cuz all of them pretty relevant 

Oh, okay then, what's about lack of hardware right now? Cuz it's pretty serious right now, in my opinion.

Okay, about this problem, according White Paper:
 "Acquiring the hardware components for on the intended scale of the Project would normally be a large concern due to
the popularity of blockchain mining and the limited production capacity of hardware suppliers. There is extremely high
demand for this type of hardware.
Through our network of strategic partners, we have been able to secure prioritized access to components such as
GPUs and motherboards in large quantities."

Huh, i see, so they are really found some solves for these problems, that's pretty interesting.
What's about Thermal Management then?

[ArahFrie17]

Or network outages? Outages and downtime are inevitable in any mining operating, what you can say about that?

[ReiGnZ]

Greetings people! Recently, the blockchain mining is thing, that everyone is talking about. So i want to try it by myself, i already read a decent amount of different articles about it, but it would be better to hear it from the horse's mouth, if it's not burdensome  for you, of course...

Greetings. Welcome to our field Long story short: blockchain or cryptocurrencies mining is the process where a transactions or digital asset such as information is
verified and added to a public ledger, known as the blockchain, and the means through which new cryptocurrencies tokens are released.

So, this thing require  some special hardware to do this? Or it can work or any personal computer?

It can, in theory, but it's not that effective. This process generally requires a specially-designed computer that can
handle operating 24/7 under extremely high load. (ASIC-based miners are used to mine Bitcoin or Litecoin, GPU-
based equipment is used to mine other altcoins like Ethereum or Zcash.

Oh, i understand. And the most important question - is that even profitability?
Because all this servers and spending you know...

Yes, just like the price of Bitcoin the profitability of mining can swing drastically.
However, Bitcoin’s historical average mining profitability is about $15 a day with
standard currently available Foleum equipment.

That's good to know, so it's not a meaningless!
Standard currently available Foleum equipment???  What do you mean by this?
Do Foleum creating their own mining equpment/servers or something like that?

[yuracryptoman]

Or network outages? Outages and downtime are inevitable in any mining operating, what you can say about that?

Okay, as Foleum team themself said, their engineers have designed a system
with several redundancies to handle failures.

[yuracryptoman]

Hello everyone! I'm pretty at all this blockchain-thing, can anybody explain me what ICO is, and what it's mean?

Oh, hello there! Sure, it's pretty simple actually,  an unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign

Oh, i get it. So, your (FOL) Foleum mining crystals it's the same thing?

Basically, yeap. Initial Crystal Offering (ICO) means primary public sale of (FOL) Foleum mining
crystals.

Okay then, i get it. I know about each token representing different platform, which one Foleum will use?

Foleum using Ethereum and (FOL) Foleum mining crystals is an Ethereum security token, representing the
right to profit-sharing from the mining proceeds of the Foleum project.

"Foleum mining crystals is an Ethereum SECURITY" what is "security token" means?

The FOL Crystal (token) is classified as a security under U.S. securities laws
and as a result the ICO will be restricted to certain types of investors in order to
comply with U.S. securities laws.

[yuracryptoman]

Hello everybody. It would be desirable to find out opinion of Foleum team, or people connected with they, about problems in mining for today, what do they think about this?
What kind of relevant problems does it have?

Oh, that's a good topic to discuss. There is a lot information about the different
problems in the white paper. I can list all, if it's necessary for you.

Hmm...i'm not quite sure about this, maybe some most relevant problems?

Actually, it's pretty hard  to say what's the most "relevant" problem right now, cuz all of them pretty relevant 

Oh, okay then, what's about lack of hardware right now? Cuz it's pretty serious right now, in my opinion.

Okay, about this problem, according White Paper:
 "Acquiring the hardware components for on the intended scale of the Project would normally be a large concern due to
the popularity of blockchain mining and the limited production capacity of hardware suppliers. There is extremely high
demand for this type of hardware.
Through our network of strategic partners, we have been able to secure prioritized access to components such as
GPUs and motherboards in large quantities."

Huh, i see, so they are really found some solves for these problems, that's pretty interesting.
What's about Thermal Management then?

Of course, project’s proprietary data center and mining rig designs, include thermal management processes
intended to optimize running conditions for the Project’s servers.