What is purpose of token sale? Appears a very strong, established business already. Hydro use is smart. Is the funds gathered from IEO going to expand operation or buy more equipment?
Thank you for that.
In 2018 August, Mintmine team has rented the facility and installed 1080 S9 miners in order to validate the operation. These miners are fully operational and bring approximately $160,000 CAD per month. Operational costs range between $80,000 - $90,000 CAD per month. This setup has helped to identify operation particularities, prepare the infrastructure and create an executable plan for scalability.
MintMine aims to set up a sustainable mining operation that’s simple, accessible and brings value to the community.
It’s about creating an easy, financially responsible and sustainable route to invest in the future of cryptocurrency.
This will only be achieved via a crowdfunded facility and industrial-size operation to disrupt the cumbersome process of cryptocurrency mining by delivering to contributors low energy costs along with high-level security measures and transparency to protect their investments.
So shortly Mintmine will be both expanding its facility and upgrading its MVP to s17 which proves to be the best in the market in terms of effeciency and ROI.
By our estimates, if the hardcap is reached our facility will be able to mine up to 200 BTC per month.