(ICO) Minerone- The World's Biggest Crowdfunded Crypto Mining Operation

[newico]

Can I mine with you without investing any money?
Miner One Community Members contribute to building and maintaining Miner One by acquiring MIO Tokens during the Crowdsale. This is how you can secure for yourself a share in Miner One output.

Why does Miner One call itself “the World’s Biggest Crowdfunded Crypto Mining Operation”?
Our vision is to be the World’s Biggest Crowdfunded Crypto Mining Operation. That vision is based on the enormous investment we are making into planning and fundraising as well as the planned scope of Miner One. We are confident that by bringing together a broad community of contributors and a dedicated team of experts, that vision can become reality.

Why did you decide on an ICO as the means of funding Miner One?
Because it is a scalable and efficient way to create a worldwide community of participants interested in the benefits of a crowdfunded cryptocurrency mining operation.

How much should I invest?
While we would love for as many people to join the Miner One Community as possible, we cannot advise you on what is the right amount for you to invest, or whether Miner One is the right investment for you. Cryptocurrency mining is not without risk, and we are open and candid about those risks in our White Paper. As you can see, Miner One also offers great potential benefits. We encourage you to read the White Paper carefully and consider the risks and benefits before making a decision.

[newico]

What will be Miner One’s impact on global warming? Will it use Green Energy?
Our first mining centre will be located in Luleå, Sweden. 100 percent of the power supply there is Green Energy – i.e., energy obtained from the many hydroelectric power plants in the region (and also one of Europe’s largest onshore wind farms nearby). Our team was in Luleå for a site inspection and spoke with Luleå Technical University and Luleå Energy Company staff about sustainability, including possible uses of the warm air generated by the mining equipment. There is a research facility right next to our building there that is conducting data centre research and experiments. Our team met with them, too, and thinks they will also have some good advice for us. It is in our interest to mine using as little power as possible. Locating the mining facility in Luleå, where the average annual temperature is 2C means keeping equipment cool won’t consume a lot of resources.

When did Miner One start?
Miner One began in the fall of 2017 with a group of like-minded colleagues who are enthusiastic about cryptocurrency and blockchain technology discussing how to make cryptocurrency mining efficient, affordable, and profitable. An idea was born, a business plan developed, a dream team assembled, a successful pre-ICO held, and a Crowdsale announced.

Is Miner One a two-year or three-year project? I saw somewhere that Miner One and MIO Tokens are valid only for two or three years.
Miner One is not a two-year or three-year project. In a previous plan, we had a more specific time limit in mind, but have since revised the White Paper and extended the life of Miner One to as long as we can mine profitably. Our plan to continuously reinvest 23 percent of net output into equipment upgrades will keep Miner One on the cutting edge of mining efficiency and profitability.

How will Miner One mine cryptocurrency?
Miner One will mine cryptocurrency, starting with bitcoin (BTC), in a large facility full of specialised equipment, all the necessary safety and security measures, and ultra-low-cost electricity.

[newico]

What are your targets for BTC mining? How many BTC do you plan to mine per day?
Our goal is to raise 200,000 in ETH during the Crowdsale. For that amount, given conditions on January 15, 2018, our best estimate is that we can mine +/- 107 BTC per day. Please remember that how much BTC can be mined depends on numerous factors, many beyond our control, including mining difficulty. So this is a good faith estimate based on current conditions and not a guarantee.

Does Miner One only mine bitcoin (BTC)?
For the time being, Miner One will be mining bitcoin – the world’s most popular cryptocurrency with the highest market capitalisation. Mining requires specialised hardware. Miner One hardware is built to mine bitcoin.

Why not mine other cryptocurrencies?
BTC will be the focus for starters. If we see a need, we can diversify later using the 23 percent of net output designated for equipment upgrades to buy the hardware needed to mine other cryptocurrencies.

[newico]

Which miner will you buy? Will you use graphics cards?
We will buy the best currently-available hardware that is specially made to mine bitcoin. These miners are called ASICs, or “application-specific integrated circuit chips”. Right now, the best ASIC miner is the Ebit Miner E10 made by Ebang. For a comparison of miners, please see our White Paper. Graphics cards are effective for mining some other cryptocurrencies, but not BTC.

Will Miner One mine BTC only with ASIC miners, or also use GPUs?
Miner One will start mining with ASICs. As for GPUs, we'll see how it goes – probably yes.

Can I use Miner One software on my own mining equipment?
Miner One will be responsible for ensuring peak mining efficiency for the entire Miner One Community by having our dedicated experts obtain, install, and maintain the mining equipment. Relying on others would make ensuring peak efficiency very difficult.

How much money will I make? What are the expected returns on investment?
Cryptocurrencies are a new and volatile instrument and mining depends on various factors, some beyond our control. Returns can be high, but they can also be low or even zero, depending on conditions. We cannot predict or promise returns with certainty. But, if all goes well, our calculations show returns could be as high as 13 percent per month. Please read our White Paper for all the details and risks.

[newico]

Guys! Write more questions and opinions!   

[newico]

I see your calculations are based on a bitcoin (BTC) price of USD 14,000. What if it’s less?

We estimate that Miner One can mine profitably within a broad range of BTC values. Our White Paper details numerous scenarios in addition to that one. Miner One can even protect you from BTC volatility and serious downturns. Please read the White Paper at WEBSITE for more scenarios and an explanation of the Miner One “Cushion Effect” that can amortise BTC volatility.

[newico]

You estimate up to 13 percent returns on investment per month – how will that change as BTC mining difficulty increases?
If difficulty increases and the BTC:USD currency exchange rate decreases, this will reduce profitability. But a decrease in the exchange rate can have the reverse effect on mining difficulty, and that would increase returns.

Does “returns up to 13 percent per month” mean returns are capped at that amount?
No, that’s not a cap. Just our good faith estimate of a maximum. Returns could even potentially be higher in some extremely optimistic scenarios, but we don’t want to overpromise.

What taxes would I have to pay on MIO Tokens and Miner One payout?
We are not tax specialists and are not qualified to provide definitive answers about your tax obligations. Please consult a tax specialist. Generally, Miner One payouts and any appreciation in value of the cryptocurrency you own would be considered taxable income once you exchange it to fiat currency.

How will I earn, on average, 37 percent more than by mining at home?
Please see the article about that here: https://btcmanager.com/profitable-bitcoin-mining-2018-not-way/

[newico]

Looks like a great plan, but how do we know you can deliver? Who will implement the plan? Do you have a qualified team ready to go?
Absolutely. In fact, Implementation is already in progress. We have secured our first facility and access to Europe’s lowest electricity rates in Luleå, Sweden. We are in touch with manufacturers of the hardware we will need. And we have assembled a team of top-notch industry experts already at work. The team is led by our CEO Pranas Slusnys, who himself has 20+ years of data centre industry experience.

Why is the first Miner One mining centre being built in Luleå, Sweden?
In Luleå, electricity is very cheap (we are getting the lowest rates in Europe here at EUR 0.065 per kWh), supply is stable and plentiful (100 percent Green Energy from hydroelectric and wind power), and the climate is cool (average annual temperature is 2C) which keeps cooling costs minimal. By the way, we will have a famous neighbor: Facebook is just up the road with a huge data centre here (the size of 11 football fields).

Will the Miner One mining centre be built from the ground up or are you leasing it?
We are leasing the building, but the building will be adapted and equipment will be bought, installed, and maintained by Miner One. There is an option to expand as well as construct additional buildings next door.

[newico]

Have you signed a contract for a building in Luleå, Sweden?
A letter of intent has been signed with the Luleå-based company NP10 Fastigheter Luleå AB to locate the first Miner One mining centre in a large former warehouse building owned by the company there. A copy of the letter is posted on our website.

When does mining start?
Mining begins within 3–5 months of achieving the Soft Cap of 3,000 ETH during the Crowdsale.

Why does it take 3–5 months to start mining?
Equipment must be shipped and installed once the building is prepared with proper ventilation, and safety and security measures. We will work as fast as we can, since we all want to start mining and getting payouts as soon as possible.

What’s your experience with mining so far?
Our CEO Pranas Slusnys and the Miner One Team have two decades of experience building and managing data centres that are even more complex than what Miner One will require. Several team members including our CEO himself have experience mining cryptocurrency.

[newico]

Guys! Write more questions and opinions!

[newico]

Does the company have its own mining equipment?
We have some equipment for testing. 92 percent of the proceeds from the Crowdsale will be used to purchase all the necessary mining hardware (5 percent will be used for software development, licensing, research and development, and 3 percent for administrative and legal expenses). The first order for hardware will be placed as soon as Miner One reaches its Soft Cap of 3,000 ETH during the Crowdsale.

Isn’t there a shortage of mining hardware right now? I hear manufacturers are sold out and cannot keep up with demand. Will you be able to buy enough?
At the volume at which we will be ordering, manufacturers will be competing among themselves to sell us the hardware. We are already in contact with several manufacturers. They prefer to deal with a single large customer rather than many smaller ones. That is why doing this together as a community makes so much sense. Moreover, demand is tapering off due to the recent drop in BTC price.

How will you obtain mining equipment at wholesale prices? Have you already negotiated those prices?
We are leveraging the power of our community to negotiate great prices. We are already in touch with several manufacturers and will finalise the first order as soon as we reach our Crowdsale Soft Cap of 3,000 ETH.

[newico]

Can you give us a rough estimate of the expected monthly electricity costs of your mining facility in Sweden?
hat will depend on the exact number of miners we deploy. We will have access to the lowest electricity rates in Europe there (EUR 0.065/kWh). And, by the way, it is 100 percent Green Energy.

What’s your plan for scalability?
In our case, scalability means adding more electricity and more space for mining equipment. We have options for expansion in Luleå, but are also planning to have more than one location, if necessary – whether in Sweden or another country with similar advantages.

Do you have a prototype of your mining rigs or any other prototypes?
We will show you how our miners will be configured within 1–2 weeks of the start of the ICO, when testing will start on the first mining lab that will contain several hundred.

It looks like the White Paper anticipates a seven-year timeline for Miner One? Why not more?
The seven-year timeline is not a limit. It is a projection based on the anticipated end of bitcoin mining once the cap of 21 million BTC is reached. It is difficult to project beyond that time. Of course, we expect there will be other opportunities we can switch to by then (or even earlier), including other blockchain and cryptocurrency needs that Miner One could meet. It's still an evolving field and we will do our best to get the most out of it for everyone using the Miner One Community's resources responsibly.

What happens after the overall cap of 21 million is reached and there is no more bitcoin to mine?
By that time there will most likely be other ways to use Miner One mining centres, including mining other cryptocurrencies or supporting the global blockchain infrastructure in ways that yield additional payouts. But it’s a bit too far ahead to make predictions.

[lukikato]

I think your project is good and interesting, I like your project and you provide very detailed information. Good Luck Sir!

[newico]

I think your project is good and interesting, I like your project and you provide very detailed information. Good Luck Sir!

Many thanks! 

[newico]

Is the project only for two or three years?
No, Miner One is structured to operate as long as mining remains profitable. 23 percent of net output will be reinvested into equipment upgrades on an ongoing basis. Three years is just an example we use to illustrate payouts over a certain time.

I live in Luleå, Sweden. Will Miner One affect the city in a positive way?
We certainly believe so! Miner One will be leasing facilities that are currently empty, which means income for the owners as well as tax revenue. We will also need to hire more maintenance staff, which means jobs, income, and local spending. We will buy energy locally, which means we will be contributing to employment and income in the energy sector. And we think our decision to locate in Luleå is already helping spread the word about the advantages and benefits the city offers businesses like Miner One!

How long is the Crowdsale and when does it start?
The Crowdsale started February 15 and runs either 90 days or until the Hard Cap of 200,000 ether (ETH) is reached, whichever comes first.

Is there a minimum required investment?
Due to transaction costs, the minimum investment has been set to 0.1 ETH. Transaction costs can really eat into anything lower and we don’t want participants to be disappointed.

[ostsee77]

this is similar to terraminer and envion. and there are many other projects. what should be better or different here? why should we invest here? and the electricity in sweden is not cheap. 11th place in europe. Electricity is normally expensive in Sweden

[newico]

this is similar to terraminer and envion. and there are many other projects. what should be better or different here? why should we invest here? and the electricity in sweden is not cheap. 11th place in europe. Electricity is normally expensive in Sweden

Hello!

Envion is a similar project, but based on modular mining that may make maintenance more challenging. The Envion ICO has ended.  We are focusing on stationary, large scale mining facilities, instead of mobile mining units like Envion. Using mobile mining units at scattered and remote locations may cause additional maintenance costs which we avoid.

As for the electricity we have one of the lowest in Europe EUR 0.065 / kWh rate

And by the way, it will be 100% Green Energy (mostly hydro, some wind).

as for terraminer we also investigated their offer

The Miner One White Paper is detailed and extensive. We tell you exactly how we plan to achieve results, what our estimates are based on, and what you can expect as a MIO Token Holder. Our Team has been publicly announced and has decades of combined experience in building data centres. Terraminer, by contrast, has a very vague and convoluted White Paper and website that is difficult to understand and promises huge returns with no explanation. In one place, Terraminer says that, by investing, you get a certain hashrate “for life”, then they tell you you get 50% of what that hashrate produces, then something incomprehensible about reinvestment. This lack of clarity is probably the reason ICObench experts didn’t even rate this ICO, and “Benchy” the ratings bot gives it 2.5 out of 5. We sincerely recommend extreme caution about this one unless they can clarify their business plan. We simply can’t understand it, though we tried.

Also you can check our ROI calculator and white paper for explaination of the calculations to see why we believe our offer is one if the best on market

 

[ostsee77]

I would now be interested in what person writes here! Is it a real person from the team with responsibility? Today many people write in Bitcointalk. But we, the investors have to do KYC! But people from the team write and we do not know who it is. Therefore, I ask you to introduce yourself here with a picture and name so that we all know that it is a person from the team. Many Thanks

who is newico

[newico]

I would now be interested in what person writes here! Is it a real person from the team with responsibility? Today many people write in Bitcointalk. But we, the investors have to do KYC! But people from the team write and we do not know who it is. Therefore, I ask you to introduce yourself here with a picture and name so that we all know that it is a person from the team. Many Thanks

who is newico

I'm not from the team, but I can answer some questions

The answer I gave you. This information is from a member of the team.


Team members can be accessed by chatting on the site


Same

Official ANN https://asktom.cf/index.php?topic=2682740.0

[newico]

How do I get my MIO Tokens?
You go to MinerOne website and follow the instructions. During the ICO and Crowdsale, MIO Tokens will be sold on MinerOne website . You can pay for MIO Tokens in ether (ETH), bitcoin (BTC), litecoin (LTC) or euro (EUR) using the payment options available on our website. To receive your MIO Tokens and your monthly Miner One payouts, you will need what’s called an “ERC20 token-compatible ether wallet” (like Metamask, MyEtherWallet, Parity, Mist, or imToken). This summer, Miner One will be offering an ERC20 token-compatible wallet of its own called the B-Wallet. It will enable you to conveniently store your MIO Tokens and receive and store Miner One payouts. For a list of ERC20 token-compatible ether wallets, click here.

Do I need an ERC20 token-compatible wallet to pay for my MIO?
No, you can pay using any of the options available on MinerOne.io. But you may find it convenient to pay in ETH, since you will need some of the same tools to receive and hold your MIO Tokens and Miner One payouts (in ETH). If you want to obtain Miner One Tokens (MIO) during the Miner One Crowdsale, you will need an ERC20 token-compatible wallet. This wallet will also let you receive and hold Miner One payouts (in ETH).

What is ERC20?
ERC20 is a standard that allows tokens like MIO to use the Ethereum network.

What is the price of a MIO Token?
The regular price of one MIO Token is set at 0.001 ETH. “Early Bird” discounts of up to 35 percent will be offered during the Crowdsale. For example, a 35 percent discount will be offered during the first five days of the Crowdsale. At a 35 percent discount, you will get about 50 percent more MIO Tokens than at regular price. The discounts will decrease as the Crowdsale progresses. A full schedule of discounts is available here and in our White Paper.

After buying MIO Tokens, should I put my MIO in my wallet?
MIO will be automatically assigned to your ERC20 token-compatible wallet as soon as we process your payment following a KYC (“know-your-customer”) procedure. After the launch of the Miner One B-Wallet in summer 2018, you'll be able to transfer MIO from your initial ERC20 token-compatible wallet to your B-Wallet, which will also will be synchronized with our online dashboard that will provide you with information about Miner One operations in real time.

I bought MIO Tokens and don’t see them in my ERC20 token-compatible wallet, but I see them on the Miner One Dashboard. Why is this?
If you paid from an exchange or by SEPA (Single Euro Payments Area) bank transfer, you will see your MIO on the Miner One Dashboard. We will upload them to your ERC20 wallet within a few days. For prompt delivery, please be sure to add the address of your ERC20 wallet to your Profile Settings on the Dashboard of the Miner One Wallet. Once your MIO are delivered, you will see them in your personal wallet and not on the Dashboard.

I bought MIO Tokens, I see them in my ERC20 token-compatible wallet, but don’t see them on the Miner One Dashboard. Is this normal?
Yes. That means your MIO Tokens have been delivered to you.

If I am paying in ETH, how much gas and GWEI should I set?
Our recommendations are 200,000 gas and 30 GWEI.