I hate to be "that" person but it kind of... smart.
1) Make an ICO
2) Return "dividends" of like 10% a year while all market went up hundreds percent.
3) Because of this your coin WAY bellow ICO price as it not attractive at all.
4) Now you buy back at 3/4 of price (not sure about the number, more or less) because of the HOLDERS demand from "profits", artificially inflating it's value as there is no real value which derives from miserable dividends, that also gonna disappear because of buyback, so nobody really will buy it
)) Even reaching ICO price will be "success".
5) You keep the operation, got almost nothing to pay to holders, got almost free funding. PROFIT.
the sad thing is that I am also a "big investor" here :/
1) Make an ICO
2) Return "dividends" of like 10% a year while all market went up hundreds percent.
3) Because of this your coin WAY bellow ICO price as it not attractive at all.
4) Now you buy back at 3/4 of price (not sure about the number, more or less) because of the HOLDERS demand from "profits", artificially inflating it's value as there is no real value which derives from miserable dividends, that also gonna disappear because of buyback, so nobody really will buy it
)) Even reaching ICO price will be "success".5) You keep the operation, got almost nothing to pay to holders, got almost free funding. PROFIT.
the sad thing is that I am also a "big investor" here :/
We did a vote a few weeks (https://forum.mineum.org/t/vote-about-the-future-of-mnm-token/39) about that case.
The community voted to keep it as it is.
But let stand on facts. When you invest into a mining operation company, you can't think that 100% will be invested into GPUs. You have motherboard, Power supply, RAM, CPU, risers and much more components to buy to mine. Then, you have to eliminate all the heat you are currently dealing with. That says you need to SPEND in order to evacuate everything and keep the farm at 20-25C. But the worst part is about the electricity. The rates are low, but you need to install everything to fit in, breakers, cables/wires, transfos, etc and that cost a lot.
This is exactly why we suggest to get 100% of the ICO into mining gear which would only include GPUs + Support components such as MB/RAM/PSU/RISERS/SSD/CPU, but it was not selected.
We work hard to deliver a lot of stuff and keep everything up and running.
We realized that the monthly return was not as high as we esperated due to many reasons including the BTC inflation. There's a neat progression of our payment, but the increasing price of the BTC make it almost impossible to see it in the amoun itself.
If you look at the expected ROI for mining equipment, I think the returns are reasonable.
ROI for a mining rig is usually about 12 months not including any location costs.
The mineum team raised about $60,000 and is currently paying about $5000 in dividends each month, giving it a ROI of 12 months.
Keeping your BTC would have been a better investment, but your ROI is what you would expect from mining.
Be carreful : your numbers are totally false.ROI for a mining rig is usually about 12 months not including any location costs.
The mineum team raised about $60,000 and is currently paying about $5000 in dividends each month, giving it a ROI of 12 months.
Keeping your BTC would have been a better investment, but your ROI is what you would expect from mining.
Right numbers are :
ICO average price : 3002 sats (source : ANtho281)
Dividends from the first day to today, per MNMs (2016-july -> 2017-march = 9 months) : 236 sats, then an average of 236/9 = 26,22 sats/month
For a 12 months ROI, dividends should be 3002/12 = 250,17 sats/month
Real numbers are 10 times less !
And the real ROI is 3002/26,22 = 114,49 months = 9,54 years !!!
The performance of this mining farm is a disaster.
Even me I do much better with my little miners and a price of electricity 3 times more expensive.
Please, do your calculations accurately and with the real numbers.
And do not mislead others.
Well... that's not the way you can calculated an ROI .. since you already / still hold the coins...
That says, from the beginning, we sent a total of ~23.9 BTC. At current rate, it represent 37 379,60 USD$. From the ICO we earned about 55 000$ USD. That says, we have sent 68% of what we collected in less than a year.
Now, what you did with your own BTCs, is your choice. But do not forget that we have bills to pay and many other improvement that we had to pay to make that mining operation possible.
People that vote not always understand the result of their voting.
I do believe that you work hard and have additional costs but this is irrelevant to actual dividends we receive.
Each one indeed responsible for his choices and his investments.
Coins for now are worth almost nothing and will cost even less not because I negative but simply because it's look like part in failed investment ( I call one with crazy optimistic 2 years ROI )
After that being said...
One last question before I leave this subject as it's pretty pointless (just to understand if it was planned long before).
What dividends you hoped to "produce" (when you "sold" this ICO to people) after an year and in which scenario? And why you have not succeeded to do so?
*BTC's price is irrelevant as many coins that you could mine such as Ethereum made *3 and more over BTC that only supposed to make return larger
This is not FUD but voicing my opinion and I will gladly "eat my hat" if I mistaken.