Re: [ANN][ICO] Swiss Crypto Mining - Rig Housing&Colocation - Mine YOUR Coins
So let me check if I understand correctly :
Starting price 1 SCM = 0.02 ETH Which is the worst case scenario :
At current ETH price that would put 1 SCM @ 6.33CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.633 CHF per KW/H !
So that would be like almost 4 times the price of 0.17CHF per kwh
Best case scenario (which by the way is very unlikely to happen ... ) :
From $ 850 million 1 SCM = 0.006 ETH.
At current ETH price that would put 1 SCM @ 1.9CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.19 CHF per KW/H
which is still more expensive than if I would pay for electricity the price of 0.17CHF per kwh ...
What gives ? How am I incentivized to buy SCM ?
Feel free to tell me if my calculations are wrong .. I suck at math anyways
Starting price 1 SCM = 0.02 ETH Which is the worst case scenario :
At current ETH price that would put 1 SCM @ 6.33CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.633 CHF per KW/H !
So that would be like almost 4 times the price of 0.17CHF per kwh
Best case scenario (which by the way is very unlikely to happen ... ) :
From $ 850 million 1 SCM = 0.006 ETH.
At current ETH price that would put 1 SCM @ 1.9CHF
Pay for electricity with 0.1 tokens / kWh ... So that would put us at 0.19 CHF per KW/H
which is still more expensive than if I would pay for electricity the price of 0.17CHF per kwh ...
What gives ? How am I incentivized to buy SCM ?
Feel free to tell me if my calculations are wrong .. I suck at math anyways
Please note that we might launch on ETC Chain and not on ETH Chain. Prices are not final - you are right, the exchange rate is currently far too high.
Current rate is more like a placeholder and indicator of the gap between worst and best price
Our goal is to set the token to a value, that we have around CHF 0.19 per kwh in worst case, so bit more than the regular price, and CHF 0.09 per kwh in best case, so less than current regular price.
Prices will be final and untouched in Whitepaper Version 1.0 from November 20.
Thanks for your interest and your calculations