Hi there. How do you know what miners they are planning on using. We could guess that its the antminer s9.. which does 14th.. you are assuming that the S11, with just 13% more power is somehow going to change everything and reduce the profit dramatically? That doesnt make sense. Also they will be continuously producing Mining units, so will be producing with whatever produces the best TH/$ right?
THe KYC thing, I have seen many ico's do it that way. they dont want the issue of sending photos and verifying lowering a persons chance of being a part of the ICO, that makes sense to me.
The specs (hashing power and electricity usage) that they used in their ROI calculations correspond to that of the Antminers S9. The price they specified is a little lower than what I can get it for, but I guess they've negotiated a better price given they're buying so many.