They are so late with mining and buying all the miners as well. And they didn't even communicate this delay, they think it's normal? I just can't get my head around them... they are so unprofessional, it hurts just by seeing it.
They should immediately make an announcement that their milestone will be delayed and the expected date is this and that.
I didn't even know that they still haven't purchased all the equipment.... WHY??? Fcking idiots.
Oh my god people, you need to !!!CHECK THEIR TELEGRAM AND WATCH THE Q&A'S ON YOUTUBE!!! All of this has been answered and discussed already. I understand frustration with some things, but everyone is freaking out about things that have been answered by IRM. Several videos are in Telegram that explain the current situation.
The team was expecting S11's (or other superior miners) to be available by now, but they aren't. They issued a vote to investors and the decision was made to spend 10% of the $8mil on S9's, and save the rest for some better next-gen miners, be it S11's or whatever. Given the situation and current BTC price and mining difficulty, I agree that this is the best choice.
They HAVE purchased 500x S9's. They posted a video on YT from China. They are being shipped right now (probably already delivered). Mining should start very soon.