The Hidden GEM
Greetings Miners,
We hope you are all enjoying the new year thus far. It has been a while since our last update so we felt it would be appropriate to share some news regarding our current thoughts and plans for expansion.
Road To Solvency
We understand many of our users are eager for updates regarding payouts. As such, we will address this first. Since implementing our plan of action in mid-February, we have continued to make progress with payouts and expect to be fully recovered within 2-3 months. In combination with the rising price of Bitcoin, we are confident service will continue to be restored in the coming weeks.
Georgia
With the recent closure of multiple mining businesses, CoIntellect is looking to capitalize on the opportunity and acquire any to-be liquidated equipment. We plan to co-locate the equipment with a specialized datacenter in Georgia -- the same datacenter used by BitFury. We believe this decision will allow us to strengthen our pool’s mining capacity at a reasonable price while furthering our goals.
China And The Mining Sector
With the recent downfall of the popular cryptocurrency exchange BTER, we have began to explore the option of potentially acquiring this now defunct exchange. We believe this approach would allow us to extend both the functionality and the network of BTER to the users of our own platform. Since our inception, we have always envisioned an open marketplace to trade our mining contracts. We believe we can harness BTER’s trade engine and platform to carry out our dream.
Thanks to our hard-working partners in China, we have successfully been able to submit a proposal and even negotiate the terms of the agreement. While we are far from finalizing anything, we are confident this acquisition would be a groundbreaking event for CoIntellect and would certainly be a step in the right direction.
Lastly, we are currently seeking applicants to fill positions in our Chinese branch. We are looking for both native Chinese speaking customer support representatives and marketing experts. Those looking to apply are encouraged to contact us:
jobs@cointellect.com As always, we thank you all for your continued support during these frustrating times.
Sincerely,
CoIntellect Staff
