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Author Topic: 🔴📣🔥[ANN][IEO] 🇨🇦MintMine: World's first Hydro Powered Bitcoin Mining IEO 📌  (Read 849 times)
MintMine
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July 25, 2019, 01:56:32 PM
 #61

Good afternoon everyone,

We have returned from our trip to Canada where we had exceptionally productive meetings with energy supplier and mining facility managers.
A letter of intent has been signed to purchase, upgrade and maintain the facility after the crowdsale. You can find the copy here.
You can also have a glimpse at our video from the facility.

Quote
So OP: do you have a connection with this company? Why is their head office in Canada yet yours is in England?

We would like to be clear about the Mintmine relationship with Bitcoinminerhosting.com and Vadim Kirichenko.
Vadim is not the shareholder of Mintmine LLC, and will not obtain Mintmine Tokens.
His role is in the team is Mining Developer. His company Bitcoinminerhosting.com provides industrial scale miners hosting and management.
Our current miners are managed by him. After the crowdsale he will arrange all the necessary work to install and maintain S17 miners.
We have chosen to work with him, because he has over 7 years of experience in mining and has built industrial scale data centres from the ground. He successfully hosted over 20,000 mining units.
We are certain that he has the necessary skill set and expertise to successfully carry out Mintmine operation.

Regarding the duplicate image, mentioned power block photo has been taken from bitcoinminerhosting facility located in Huntington.
Same place where our S9 miners are hosted.
After the crowdsale Mintmine will purchase Huntington facility, we already have signed the letter of intent.

Also here are additional images from the facility:



Raised funds during the IEO will be used to purchase the electricity for 1 year upfront with 2 more years as reserve.
That way token holder will manage to get payouts even through the bear markets.
Rest of the funds will be used to upgrade facility up to 6.7 megawatts, purchase S17 miners (unless a better hardware becomes available) and purchase the facility itself to reduce the maintenance costs.
You can find more details regarding fund distribution and allocation plan in our whitepaper.

IEO dates will be announced soon! Don't miss out and subscribe for updates > https://mintmine.io
Join our community in Telegram > https://t.me/MintMine
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Michail9090
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July 25, 2019, 02:45:15 PM
 #62

I think 6.7 megawatts is not enough for a miner who wants to work on a global level. expand consumption


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July 26, 2019, 08:26:05 AM
 #63

I think 6.7 megawatts is not enough for a miner who wants to work on a global level. expand consumption

At Mintmine we take gradual approach and mitigate risks to build sustainable and long term mining operation.We started with own S9 miners and had proof of concept. The 6.7 megawatts is the physical limit of the facility and will be completed once mid-cap of 15m is reached. However if hardcap is reached we will be able to find second facility in Canada and set up the necessary infrastructure.
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