At Mintmine we take gradual approach and mitigate risks to build sustainable and long term mining operation.We started with own S9 miners and had proof of concept. The 6.7 megawatts is the physical limit of the facility and will be completed once mid-cap of 15m is reached. However if hardcap is reached we will be able to find second facility in Canada and set up the necessary infrastructure.

Good afternoon everyone,

We have returned from our trip to Canada where we had exceptionally productive meetings with energy supplier and mining facility managers.
A letter of intent has been signed to purchase, upgrade and maintain the facility after the crowdsale. You can find the copy here.
You can also have a glimpse at our video from the facility.


We would like to be clear about the Mintmine relationship with Bitcoinminerhosting.com and Vadim Kirichenko.
Vadim is not the shareholder of Mintmine LLC, and will not obtain Mintmine Tokens.
His role is in the team is Mining Developer. His company Bitcoinminerhosting.com provides industrial scale miners hosting and management.
Our current miners are managed by him. After the crowdsale he will arrange all the necessary work to install and maintain S17 miners.
We have chosen to work with him, because he has over 7 years of experience in mining and has built industrial scale data centres from the ground. He successfully hosted over 20,000 mining units.
We are certain that he has the necessary skill set and expertise to successfully carry out Mintmine operation.

Regarding the duplicate image, mentioned power block photo has been taken from bitcoinminerhosting facility located in Huntington.
Same place where our S9 miners are hosted.
After the crowdsale Mintmine will purchase Huntington facility, we already have signed the letter of intent.

Also here are additional images from the facility:



Raised funds during the IEO will be used to purchase the electricity for 1 year upfront with 2 more years as reserve.
That way token holder will manage to get payouts even through the bear markets.
Rest of the funds will be used to upgrade facility up to 6.7 megawatts, purchase S17 miners (unless a better hardware becomes available) and purchase the facility itself to reduce the maintenance costs.
You can find more details regarding fund distribution and allocation plan in our whitepaper.

IEO dates will be announced soon! Don't miss out and subscribe for updates > https://mintmine.io
Join our community in Telegram > https://t.me/MintMine

Good afternoon everyone,

We have returned from our trip to Canada where we had exceptionally productive meetings with energy supplier and mining facility managers.
A letter of intent has been signed to purchase, upgrade and maintain the facility after the crowdsale. You can find the copy here.
You can also have a glimpse at our video from the facility.

Before the comments are addressed, we would like to clear the confusion about the Mintmine relationship with Vadim Kirichenko.
Vadim is not the shareholder of Mintmine LLC, and will not obtain Mintmine Tokens.
His role is in the team is Mining Developer. His company provides industrial scale miners hosting and management.
Our current miners are managed by him. After the crowdsale he will arrange all the necessary work to install and maintain S17 miners.
We have chosen to work with him, because he has over 7 years of experience in mining and has built industrial scale data centres from the ground.
We are certain that he has the necessary skill set and expertise to successfully carry out Mintmine operation.


Here is a video walkthrough from the facility

Also here are additional images from the facility:



Regarding the duplicate image, mentioned power block photo has been taken from bitcoinminerhosting facility located in Huntington.
Same place where our S9 miners are hosted.
After the crowdsale Mintmine will purchase Huntington facility, we already have signed the letter of intent.

Why we will relocate S9 miners?

Power consumption of 1080 S9 miners is roughly the same as 700 Antminer S17, however mining efficiency of S17 is 2.7 times Higher than S9.  Therefore we will relocate or sell our existing miners in order not to waste available electricity supply. This decision will depend on the market conditions in January 2020 - the date when mining begins.


Mintmine does not own bitcoinminerhosting.com. We have no control over the management decisions. As you know many mining farms were forced to scale down because of market conditions in late 2018.

Wisdek is one of the businesses ran by Vadim and 180 Brodie Drive is the address of its office. It is BBB accredited company that has successfully been working for over 11 years. You can find BBB accreditation here https://www.bbb.org/ca/on/richmond-hill/profile/internet-marketing-services/wisdek-corp-0107-1164163
It makes complete sense to manage multiple businesses from the same headquarters. On the BitcoinMiner website it’s written that 180 Brodie Drive is the office of the company.
Mining facilities are located in other locations.



Vadim is not the shareholder of Mintmine Ltd, and will not hold Mintmine Tokens.
His role is Mining Developer of the operation. We have chosen to work with him, because he has over 7 years of experience in mining and create mining facilities from the ground. We trust his expertise to develop Mintmine's mining farm.

This couldn't be further from truth.
Electricity for miners is purchased from Hydro Quebec, which is the major hydro electricity producer in Quebec.
There are 63 hydroelectric power plants in Quebec region, with 259,020 KM of transition lines.
http://www.hydroquebec.com/residential/

Currently miners are hosted in Huntington, in a radius of 100 km there are roughly 15 hydroelectricity power plants.
Largest one in Cornwall with 1045 megawatt, just 80 km drive from the facility.

There is an interactive map of all power plants across Canada for anyone who wants to explore it.
https://www.canadiangeographic.ca/article/interactive-map-shows-hydropower-infrastructure-canada


Mintmine does not imply that we own miners belonging to bitcoinminerhosting.com.
We purchased S9 miners and located them at their premises and which are managed by Vadim.
He also manages over 20,000 miners in different data centres.

Raised funds during the IEO will be used to purchase the electricity for 1 year upfront with 2 more years as reserve.
That way token holder will manage to get payouts even through the bear markets.
Rest of the funds will be used to upgrade facility up to 6.7 megawatts, purchase S17 miners (unless a better hardware becomes available) and purchase the facility itself to reduce maintenance costs.
You can find more details regarding fund distribution and allocation plan in our whitepaper.

Hello there,
This is Omar Rahmat, co-founder of MintMine.

MintMine and Bitcoinminerhosting.com are definitely connected, Bitcoinminerhosting.com is the company that currently manages our miners at the facility in Canada and will be responsible for the upgrades.

in exactly a week Frederick and I will be travelling to Canada where we will Sign a letter of intent stating that Bitcoinminerhosting.com will be relocating and fully upgrading our current facility.
As well as record a video of our facility for all the doubts to be addressed.

Once we get the mentioned above, we will immediately post it here.

Thank you for your patience.

Hello there,
This is Omar Rahmat, co-founder of MintMine.

MintMine and Bitcoinminerhosting.com are definitely connected, Bitcoinminerhosting.com is the company that currently manages our miners at the facility in Canada and will be responsible for the upgrades.

in exactly a week Frederick and I will be travelling to Canada where we will Sign a letter of intent stating that Bitcoinminerhosting.com will be relocating and fully upgrading our current facility.
As well as record a video of our facility for all the doubts to be addressed.

Once we get the mentioned above, we will immediately post it here.

Thank you for your patience.

We have updated our links just now, kindly visit our website: https://mintmine.io to check our resources.
Or you can do it directly via this link: https://mintmine.io/wp-content/uploads/2019/06/Whitepaper.pdf

Hello gentlemen,
This is Omar Rahmat, co-founder of MintMine.

This is an embarrassing moment to our company. Since the launch of our thread yesterday,
we have found out there have been fake comments on our thread.

The funding pillars in crypto community is transparency and honesty, without it this industry won't prosper.
We have ordered external community management service, which had to manage our community to highest standards and use ethical ways to promote it.

Unfortunately no matter how good your intentions are, some things can get beyond your control.

We already have cancelled our contractors and actively look for new in-house community managers.
Meanwhile I will be personally answering all your concerns.

First, I would like to also reveal more details about our company.

Mintmine LTD is officially registered at UK Companies House, where you can find Frederick's information and mine.
https://beta.companieshouse.gov.uk/company/11774386
You can visit us for a cup of tea and discuss the project in person.
Our office is located at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ
Also once the IEO starts, we will hold facility open days where Token holders see the facility for themselves.

We have detailed financials available, which you can receive by emailing info@mintmine.io

Facility which we plan to expand is managed now by Vadim.
Currently he is managing 20,000 miners at different locations, and has overviewed the setup of 40 megawatt facility.
In contrast, our facility will be up to 6.7 megawatts.

In the near future we will release recordings of the facility, where Vadim will guide you through it.
For now you we have uploaded photos of the facility, which you can find on the website.

We already have started energy upgrade planning processes which will ensure the maximum output of the crowdfunded farm.

All facility Bitcoin addresses will be public and verifiable, from which 70% will be distributed to all token holders.

In the upcoming weeks we will post more details about the progress and IEO details.

Hello gentlemen,
This is Omar Rahmat, co-founder of MintMine.

This is an embarrassing moment to our company. Since the launch of our thread yesterday,
we have found out there have been fake comments on our thread.

The funding pillars in crypto community is transparency and honesty, without it this industry won't progress.
We have ordered external community management service, which had to manage our community to highest standards and use ethical ways to promote it.

Unfortunately no matter how good your intentions are, some things can get beyond your control.

We already have cancelled our contractors and actively look for new in-house community managers.
Meanwhile I will be personally answering all your concerns.

I would like to also reveal more details about the company for the sake of transparency.

Mintmine LTD is officially registered at UK Companies House, where you can find my and Frederick's information.
https://beta.companieshouse.gov.uk/company/11774386
You can visit us for a cup of tea and discuss the project in person.
Our office is located at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ
Also once the IEO starts, we will hold facility open days where Token holders see the facility for themselves.

We have detailed financials available, which you can receive by emailing info@mintmine.io

Facility which we plan to expand is managed now by Vadim.
Currently he is managing 20,000 miners at different locations, and has overviewed the setup of 40 megawatt facility.
In contrast, our facility will be up to 6.7 megawatts.

In the near future we will release recordings of the facility, where Vadim will be able to guide you through it.
For now you we have uploaded photos of the facility, which you can find on our website https://mintmine.io

Vadim Kirichenko our mining expert currently manages over 20,000 ASIC miners day-to-day,
of which 6,500 he hosts and manages on behalf of large private clients.
He has personally been involved in the ground up development of over 40 Megawatts of crypto mining facilities in Canada.
As for progress:
In 2018 August, Mintmine team had rented the facility and installed 1080 S9
miners in order to validate the operation.
Revenue from miners: $160,000 CAD per month.
Operational costs: range between $80,000 - $90,000 CAD per month.
 This setup has helped to identify operation particularities,
prepare the infrastructure and create an executable plan for scalability.

All unsold tokens will be burned with our smart contract.

You will receive payouts through Ethereum smart contract, instructions will be presented after the crowdsale.

Yes! We have allocated 10% of tokens for buybacks. All bought tokens will be burned. That way we reduce the pool of tokens and increase the output per each token.

Every MTMN Token purchased entitles its holders of 70% in MintMine’s net output. Net output means the total value of Bitcoin mined.
These profits will keep being distributed as long as there are bitcoins to mine around the world,
so not only you will benefit from the rise in Cryptocurrencies prices but you will also secure a monthly revenue on the side.
Hence it is more profitable than holding Bitcoins.

Yes, our MVP is the Antminer S9 miners
In 2018 August, Mintmine team had rented the facility and installed 1080 S9
miners in order to validate the operation.

Revenue from miners: $160,000 CAD per month.
Operational costs: range between $80,000 - $90,000 CAD per month.
 
This setup has helped to identify operation particularities,
prepare the infrastructure and create an executable plan for scalability.

With a Bitcoin halving just around the corner, the value of Bitcoins is set to spike once again, which is great for those looking for a quick win.
However, as the value rises and its popularity continues to grow, the best, most sustainable mines will continue to follow suit.
And, that means early investors in the most sustainable mines are set to enjoy large dividends paid regularly throughout the mine’s life.

The facility itself will be monitored 24/7 and will follow stringent security practices and standard operating procedures (S.O.P.)
to maximise security of the facility and its equipment, health and safety, fire safety and all protocols for natural disasters.

We are optimistic and will do our best to mine profitably.
However since our electricity is bought upfront, even if mining becomes unprofitable we will keep it running.
Mined BTC will be sold when market recovers.
We have 3 years of electricity reserve allocated for that.

Kindly check our whitepaper https://mintmine.io/whitepaper , in the "Tokenomics" section you will be able to see
the projection in value in three different Bitcoin scenarios (Conservative, Moderate and Optimistic)

MintMine offers a generous reward scheme, where 70% of the total mined gross
Bitcoins volume will be distributed monthly and divided among all token holders by means of a smart contract in Ether.

Upon commencement of mining operations, 70 percent of monthly net output (total output) will be converted to Ether (ETH)
and automatically distributed to MTMN Token Holders via Ethereum-based “smart contracts”.
MTMN Token Holders are free to do with these distributions as they wish.