While after reading the title you might think you could care less for my personal reasons I assure you if you think about buying hashing power from cryptomine.io you should keep reading.
I was recently approached by Carra23[1] via PM. We had a nice chat whether I wanted to join their signature campaign for cryptomine.io or not. I asked for a day to think about it and used it to dig into the company behind this. I am also aware that I am not the only person that was approached[2] and I dont think there is anything wrong with this.
I am in no way discrediting Carra23.
This is purely about cryptomine.io as a company.The following will be somewhat sorted by topic.
### Post address ###The homepage[3] lists
Cryptomine.io
20-22 Wenlock Road
London, N1 7GU
United Kingdom
as official address. Which is the same address as a company called Virtual Office[4] that basically sells addresses
and other services required for shell companies. One of their marketing texts[5] states:
...a business anywhere in the world can get the full benefit of a central London address.
### domain ###This section is pretty borring, sorry.
whois cryptomine.io returns:
Expiry 2015-10-11
Owner: Gabriel Sterne
and the address as above
they claim to be hosted in sweden[7]
### removed pictures ###The humans according to the homepage working for/owning cryptomine.io are:
Sergey Yakovlev
Gabriel Sterne
Aaron Belfer
Eric Rosby
Andrew Lee
They all had pictures[6] next to them, which have been removed after people started digging.
### no pictures of mining hardware ###
Hi can you provide photo about your mining rig ?
Will gladly do so as soon as possible.
At the present moment we are not permitted by our agreements with our financial partners to make anything public, cooling equipment, mining rigs, infrastructure or wallets. Our partners also frown upon us going public and offering cloud mining services, but making any part of the operation or technology public would put us in clear breach of contract.
This is why we are trying very hard to separate and become independent as soon as possible.
I estimate that we are going to be completely independent by the end of February and we will be able to post videos and images of our setups and asic boards. It will be worth the wait.
Cryptomine is listed on cryptostocks[8][9] they stopped paying dividends 3 months ago according to the rating (black[10]).
If I understand the page correctly they got 100 BTC here and paid 35 BTC in dividents. I am pretty sure their investors would like to see what was done with the BTC.
### electricity costs in germany ###I am from germany, thus I know the following statement from their cryptostocks advertisement is bullshit.
We are operating our ASIC miners in the ”Ruhrpott” area of western Germany. In this highly industrialized zone we obtained access to electricity at prices that are only available to industrial facilities, not to private consumers. We are effectively paying a fraction of the normal electricity costs.
The price for electricity is on the rise[11] due to several reasons which include political decisions. According to newspapers industries with high energy consumption start to produce their own energy to counter this. Thus german is in no way a good place to start running ASICs. Even if you have access to relatively cheap energy, its still high in comparison to other countries.
### 1JAURjs5obKhfhDVsUWHtcDpLufC6JXckf ###The address 1JAURjs5obKhfhDVsUWHtcDpLufC6JXckf[12] apparently holds their budget as payout from mining[13][14] has been paid from this address as well as the funds for the signature campaign[15].
Maybe someone skilled in blockchain analysis can use this as a startingpoint to figure out if any of the coins have recently been mined.
### CRYPTOMINE SERV LTD 09267160 ###Companies house[16] offers free information about companies, they only require you to create an account.
The only new things we learn from this is:
- they registered 16/10/2014 ~1 week prior looking for funds on cryptostocks
- they have not been charged (yet?)
- they have not supplied a nature of business
- ERIC ROSBY born 06/12/1967 ist listed as director with the allready known address.
- Statement of capital as of 16/10/2014: GBP 1
Most of this can also be found here[17]
[1]
https://bitcointalk.org/index.php?action=profile;u=122354[2]
https://bitcointalk.org/index.php?topic=913725.0[3]
https://cryptomine.io/contact.php[4]
http://www.londonpresence.com/[5]
http://www.londonpresence.com/about-us/[6]
https://bitcointalk.org/index.php?topic=832448.msg9976632#msg9976632[7]
https://www.bahnhof.net/[8]
https://cryptostocks.com/securities/58[9]
https://bitcointalk.org/index.php?topic=326826.0[10]
https://cryptostocks.com/rating[11] see chart on pg. 15 within the pdf (international/english version)
https://www.destatis.de/DE/Publikationen/Thematisch/Preise/Energiepreise/EnergyPriceTrends.html[12]
https://www.blocktrail.com/BTC/address/1JAURjs5obKhfhDVsUWHtcDpLufC6JXckf[13]
https://bitcointalk.org/index.php?topic=832448.msg10025528#msg10025528[14]
https://blockchain.info/tx/25e919bf253a08cacdd13f58ccaca857779151940bca54a57561dd12466a318c[15]
https://www.blocktrail.com/BTC/tx/6f3d073a6ae2b60829972f58ff1b9cadbd5a7efa8e9eda75b18f20cb4750ed20[16]
https://www.gov.uk/government/organisations/companies-house[17]
https://www.companiesintheuk.co.uk/ltd/cryptomine-serv
