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Author Topic: [ANN] SnowBall Mining ICO- Operational Now. Come get your dividends!  (Read 86 times)
mnafta
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August 07, 2018, 09:05:46 PM
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credits to: 1miau









PROJECT SUMMARY

We are pleased to announce the launch of an ICO for our project named SnowBallMining (Bitcoin & Altcoin Mining)
Snowball Mining has a current operating mining facility based in North America and is operating hundreds of current gen Bitmain Asic S9 (13.5 TH/s). Our goal is to maintain an effective green facility while expanding our network hash rate.
Instead of selling termed cloud mining contracts, we are looking to convert our network hashrate into an investor support/reward solution. Our SMB token entitles all holders to receive mining rewards from our farm, distributed monthly in ETH. The purpose of the SBM token is to expand the network hash rate while rewarding our supporters through dividends accumulated from mining rewards of our growing hash rate.







SBM token are backed by an active mining project that entitles the holder to receive ETH dividends directly into their erc20 wallet at the end of each consecutive month. The first dividend payout was at the end of June (around 9 percent).



Where is your project located?

The project is located in Quebec, North Canada. Natural air cooling, cheap hydro energy rates along with solar panels offset much of the Maintenance & Electricity costs associated with mining. Our electricity cost is at $0,056 and we have the possibility to lower it by producing own electricity in the future.



When is it?

PreSale starts from June 1 - June 29th. For the early adopters that purchase SBM tokens during the presale will be the first to be rewarded mining dividends on June 30th. Next payment will be in end of July. PreSale advantages also include a 15% SBM Token bonus. Public token sale will start July 1st until August 15th, 2018 in four stages.



Why are you having a PreSale if the project is already running?

We are concentrating on hashpower growth exponentially in the next few months. We have re-structured our assets to pay for the low MEFs so the investor receives the highest profit from the mining rewards.



How are you expanding exponentially?

Using the crowdsale funds to purchase next-gen hardware that are more efficient to maintain while delivering more rewards. We have structured the tokens so that we do continuous monthly reinvestments towards more hardware while growing the hashrate, offsetting difficulty while growing and sustaining mining dividends for the investor.



How are you planning to deal with an increasing mining-difficulty?

We will use some of our mining profits for reinvesting and developing. Our growth must negate these challenges as we continue operation and prep for the long-term.
16% [8% (Reinvestment of current gen miners) + 8% (Development allocation to purchase and test next gen miners)] of all network mining rewards will be used monthly to add more mining hardware to stay competitive.

Development is similar to reinvestment but different since we are incorporating new to market hardware. This can include futures product that we pilot in our facilities. We are already thinking to incorporate next-gen mining hardware. 8% of monthly mining rewards will be used for this purpose. During periods when these is no new product in market, the funds allocation will be used towards reinvestment and development/growth of the network hashrate.




Why SBM?

Snowball Mining is a running operation and all capital raised will leverage the network hash rate that will benefit the entire community through sustained dividends during volatile difficulty/price fluctuations.
Since the mining facilities are already in place and operational along with base hashrate from current gen miners, the funds will solely be used to ADD hardware and related labor. There will be no ground up building costs associated to these funds. Running costs are proportional to total mining rewards and the 30% token allocation will cover expenses regardless of how many miners are added as long as the hashrate grows and mining rewards add up accordingly.






Each SBM holder, along with entitlement to monthly mining dividends, will receive voting rights on any issue presented. The first community voting will happen after completion of the token sale. This includes direction on which mining hardware to chase with raised funds (current bitmain S9 models, more efficient Dragonmint T1, or the elusive Bitmain S11?).  Even issues related to adding more solar panels to bring down MEF costs where community funds would be used to expand our green energy commitment and releasing the difference in balance of 30% token funds back to token holders.









We are looking to secure next-gen equipment (such as Halong Dragonmint T1 Asics as well new GPU equipment for altcoin mining) that we plan to start in August. Immediately after token sale, all funds will be used to secure sourcing of new miners that will be installed in addition to our current equipment.




Soft Cap and Hard Cap for SBM Token Sale?

SBM soft cap is set at $1,806,000.00 USD. If by 8/31, the soft cap is not met, SBM project will continue with people who want to participate. Growth may not happen as quickly as we would like but we will leverage our current assets in whatever ways possible to grow and sustain dividends.
SBM hard cap is set at $8,400,000.00 USD. We will not be looking to raise over this amount as this will satisfy our purchasing power and growing the hashrate to max hardware capacity (utility usage limitations) allowed in our current mining facilities.



Token Sale details:

__________________________________________________________________________
Erc20 Token Contract:0xAf2DE5cB07d8F5dE2369fF104150fef9dC0E604b
Symbol:SBM
Name:SnowBall Mining
Decimal:18
Total Supply:21,000,000
Price:1 ETH = 600 SBM
Pre-Sale:June 1st - June 29th
Public Sale:July 1st -August 30th, 2018
SBM soft cap$1,806,000.00 USD
SBM hard cap$8,400,000.00 USD
Payouts start:June 30




Current Mining Equipment (23 July 2018)


1083 x Antminer S9 hashing at 14.62 PH/s
329 Dragonmint T1 hashing at 5.92 PH/s

Total hashrate: 17.61 PH/s
Estimated Current Daily Reward from Mining:  1.0610180 BTC/day



Impressions from our SBM Mining Farm





Video














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gullu
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August 07, 2018, 10:28:12 PM
 #2

Checked out your website .The website is good. It will be good if you add the linkedIn profile links of your team members.

tazmantasik
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Decentralized Transportation Solution


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August 07, 2018, 10:33:44 PM
 #3

Checked out your website .The website is good. It will be good if you add the linkedIn profile links of your team members.
yeah, I agree with you, it's better if there is a complete video with your team, you need our money, and we need transparency from you


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FACEBOOK  │  TWITTER  │  LINKEDIN
BITCOINTALK  │  TELEGRAM  │  WHITEPAPER
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August 07, 2018, 10:36:35 PM
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Total Supply: 21,000,000 that's a potential amount
how thats supply unsold ? will it be less after being burned?

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈

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Morpheous
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August 08, 2018, 07:01:03 AM
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Whoa!!

The Stats look amazing!

More videos and team support to come!
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August 08, 2018, 04:27:11 PM
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Very interesting project i will keep my eye on it.Good team , Waiting something new from team.

ELONCITY    ❱ ❱ ❱ ❱    Power The world for FREE!
Public Sale Coming Soon  │  https://eloncity.io/
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August 08, 2018, 05:47:10 PM
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Wow, the marketing service sounds a great idea..

mnafta
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August 09, 2018, 11:24:07 PM
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Hey everyone, thanks for the kind words, comments, suggestions, and questions. Please keep 'em comin!

Checked out your website .The website is good. It will be good if you add the linkedIn profile links of your team members.

The LinkedIn profiles have been added, you can check them out. Some of the team members didn't even use LinkedIn before they were requested to add it to their profile.

https://youtu.be/oB5FUWOtWm4
Checked out your website .The website is good. It will be good if you add the linkedIn profile links of your team members.
yeah, I agree with you, it's better if there is a complete video with your team, you need our money, and we need transparency from you

Here's an interview with Philip (Creative Director / Partner / Majority Shareholder): https://youtu.be/oB5FUWOtWm4

The team is decentralized, so there hasn't been much of an opportunity to do a video all together yet, but you can also see the ICO manager, Jesus, has his own YouTube channel: https://www.youtube.com/channel/UCUupan75gW9gCF-dGK8QYyg

Perhaps next time there is a conf-call, it can be recorded and posted for utmost transparency.

Total Supply: 21,000,000 that's a potential amount
how thats supply unsold ? will it be less after being burned?

As the idea is to have a decentralised operation, this will most likely be determined through voting- but it will also depend on how many tokens are actually sold.

Drink more water.
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August 10, 2018, 05:19:23 PM
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Hello! Your project https://icoholder.com/en/snowball-mining-24312 was selected among others and was added to our listing - icoholder.com. Congratulations! At the moment your project is unrated (N/A). In order to gain access to editing information and other services, you must provide us with links (linkedin / facebook) of your team members. Please, provide us your team links to  @setair08 (telegram)

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