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.
YA I recall their price looking very good. But the point is, they are not just going to blunder into it and spend 150 mill on s9's. im sure they are calculating possible profit from holding back and waiting vs buying now.. will also probably be a continuous flow in and out. In any case, its a great project, with many benefits and if they dont use those benefits they can just do regular old mining on the regular power grid also for great profit