What do you guys think about Aleo?

[asic19]

Hey guys! I have been mining Aleo since the past week at https://aleo.zionodes.com/, and they have been dispursing about 8-13 credits per day (for 10,000 c/s). By the end of my contract, I should have over 320 credits (roughly) which would be converted at a 5:1 ratio to the coin. So, I should end up with about 60-65 coins by the mainnet launch. While I think the upside is massive, how much do you guys think each coin would be worth. As per current forecast, It is expected that each coin would be worth at least $40, to about $60. If you guys already have researched on Aleo like I have, how far do you think the project would go? FYI: They have raised around $290M from investors already.

[TribalBob]

emm, new project this time? quite interesting with a good partner as well
but unfortunately in my country when viewed in blue it is not included in the scope. so I will find out if my country can participate in it

[asic19]

emm, new project this time? quite interesting with a good partner as well
but unfortunately in my country when viewed in blue it is not included in the scope. so I will find out if my country can participate in it

You should be able to mine with these guys (https://aleo.zionodes.com/). They offer servers for lease, so that you can mine from anywhere, with credit distribution every day which will be converted to tokens after mainnet launch.

[Tytanowy Janusz]

They have raised around $290M from investors already.

Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.

[Kemarit]

They have raised around $290M from investors already.

Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.

This is what I initially thought, anyhow I'm not familiar with it, but usually the forecast might be balloon as well by the people behind. So it might end up at $4-$6 dollars instead of what they have estimated.

In any case, it seems that the OP has made his mind already, deep already on mining.

It might have raised that huge amount of money, but it might be equal to success as we are very much in the hear of the bear market this 2023, IMHO.

[MishaSER]

If you look at the tokenomics of Aleo Total Supply 1B.

Aptos Total Supply 1B.

I think Aptos is much more practical than Aleo, mining is the main disadvantage. I think the price is not higher than $5.
Aptos is better given the fact that Aptos is a whole ecosystem that is evolving.

[autumnleaf]

Since this is the first I've heard of this mining endeavor, I checked their website and found several reputable partners. I asked one of their listed partners, Huobi Chain, to authenticate it, and they said the arrangement was a fraud.

[dwminer1]

FYI: They have raised around $290M from investors already.

Indeed, on their social media I found information that they raised $ 298 million, but is there any evidence for this? This amount seems completely abstract to me nowadays. The number of followers on socials is rather modest. The project itself does not look like a game changer... I recommend extreme caution.

[Ben Barubal]

   Aleo is a class of mining rigs or cloud mining that can be bought for only 75$ and can be mined for 120$ with a bitcoin profit of 45$.

It doesn't seem bad for cheap mining, it's just that he's a bit attractive to look at and tempting, but if we just do some research, there's a lot more that can be said to be legitimate than this I just think.

   It's just like with binance, at least it's okay then this which is also a bit risky, although we can say that its partners are okay if they are also legitimately partnered in business.

[asic19]

They have raised around $290M from investors already.

Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.

This is what I initially thought, anyhow I'm not familiar with it, but usually the forecast might be balloon as well by the people behind. So it might end up at $4-$6 dollars instead of what they have estimated.

In any case, it seems that the OP has made his mind already, deep already on mining.

It might have raised that huge amount of money, but it might be equal to success as we are very much in the hear of the bear market this 2023, IMHO.

I looked up on the funder's website pages as well (like samsung nxt) and the investment looks real. The numbers have also been updated on crunchbase so i doubt there would be a falseplay here. With these numbers and projections, I just feel like the listing gains would be very high for miners, even though it might drop later since we are in a bear market.

[Xal0lex]

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

[asic19]

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.

[lengendarytraderbtc]

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.

Yessir! Does anyone have any idea when the mainnet launch of this coin would be? Also, I can see that you are leasing servers (at https://aleo.zionodes.com/). How has your experience been so far, and how many credits can I expect to earn per day (with 30000 c/s)?

[asic19]

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.

Yessir! Does anyone have any idea when the mainnet launch of this coin would be? Also, I can see that you are leasing servers (at https://aleo.zionodes.com/). How has your experience been so far, and how many credits can I expect to earn per day (with 30000 c/s)?

No idea on when the mainnet launch is (maybe month end?). Like I said earlier, listing gains are definitely high for miners (especially since we have a market uptrend right now). Leasing servers here is quite easy and convenient, and the customer service team is also quite helpful (so are the admins/moderators on discord/telegram even if you DM them). About the credits per day, this is where you can get a rough idea about how many credits you would earn: https://explorer.hamp.app/calc.

[Bitstar_coin]

They have raised around $290M from investors already.

Red flag for me. Its not 2020 anymore. We are in 600 days long bear market. $10M is a lot. I doubt that they have raised 290M from investors. And its only for selling part of supply, part of supply i still not sold, new coins being minted so we are talking about top 50 CMC just to break even for seed investors? its a lot for platform that does not have userbase and is not listed anywhere. Pancakeswap, the biggest DEX on bsc with millions of users have similar marketcap.

You have really made a valid point, how were they able to raise such huge amount of funds in this bear market. Or perhaps they have some institutions and VC who inject huge amount during the fund raising process, if that is the case, there is most likely going to be a dump. Better for anyone who is interested in investing to go in with small amount. There is something fishy about their supposed raised amount.

[HmmMAA]

@OP, as far as I understand, Aleo is still in its testnet phase and is not yet fully launched on the mainnet. Therefore, I am confused about how zionodes are offering mining services for Aleo on the mainnet through their infrastructure. I did a quick check on Aleo's official Twitter account and couldn't find any information about any cooperation between Aleo and zionodes. Have you thoroughly researched and verified if the mining services offered by zionodes for Aleo on the mainnet are legitimate and trustworthy?

[asic19]

@OP, as far as I understand, Aleo is still in its testnet phase and is not yet fully launched on the mainnet. Therefore, I am confused about how zionodes are offering mining services for Aleo on the mainnet through their infrastructure. I did a quick check on Aleo's official Twitter account and couldn't find any information about any cooperation between Aleo and zionodes. Have you thoroughly researched and verified if the mining services offered by zionodes for Aleo on the mainnet are legitimate and trustworthy?

Yes, Aleo is still in the testnet phase, and mining it entitles you to 'credits' which are later converted to aleo coins after mainnet launch. Zionodes is definitely trustworthy because they are a listed pool (under proving pools) in Aleo's official discord server as well, and I already have leased out about 50000 c/s with them. Besides, I have been mining Bitcoin with them for over a year and have never encountered with any issues related to pay-offs.

[lengendarytraderbtc]

I follow this project because it attracts a lot of money from big investors. ZK-Rollups are quite a popular topic lately and all such projects now attract a lot of attention from investors. How much this coin will be worth now it's hard to say, because we don't even know at what prices these coins were sold in funding rounds. I think the first predictions can be made after the start of public sales of tokens.

Agreed. However, I feel this would be a successful project and would be even more lucrative for miners who are currently mining in testnet3.

Yessir! Does anyone have any idea when the mainnet launch of this coin would be? Also, I can see that you are leasing servers (at https://aleo.zionodes.com/). How has your experience been so far, and how many credits can I expect to earn per day (with 30000 c/s)?

No idea on when the mainnet launch is (maybe month end?). Like I said earlier, listing gains are definitely high for miners (especially since we have a market uptrend right now). Leasing servers here is quite easy and convenient, and the customer service team is also quite helpful (so are the admins/moderators on discord/telegram even if you DM them). About the credits per day, this is where you can get a rough idea about how many credits you would earn: https://explorer.hamp.app/calc.

Oooooo, I see

[minerx110]

Does anyone have any idea about when the mainnet launch of Aleo is?

[Shobhikhan_007]

Not good for long term hold as i can see. So if you really want to invest then invest for short term