Hi guys. We want to thank the members of  community for their support.  Indeed, we are late with a monthly report, but there are reasons for this. Despite the diligent work that we have done in the past month, we have not received a satisfactory result. The reason for this is fact that we did not fully appreciate the risks, and began to forget those things that we already faced. For example, an attack of 51% on the Bitcoin Gold network and Zen Cash. These are coins, which we also mine and as a result of these events we suffered losses. In addition, the lower price of Bitcoin has a strong impact on price of most coins, their price also falls. Summing up, for the reporting period, 03.05.18 - 09.06.18, we have a profitability close to zero, and this month there will be no tokens for redemption and burning.

Nicehash after hacker attack froze 15.81btc. At the moment, repayment was 5.5335btc (35%: 10% - February, 10% - March, 10% - April, 5% - May)

Price is determined by balance of supply and demand.


We burn tokens, thereby constantly reducing total supply.

We will think about it. Most likely, a daily ransom will take a long time.

+++ 


Process of buying back and burning tokens is an economic component of our project. We will try to reduce the overall supply, thereby increasing the price of MINEX. We do not have a product, MINEX - was conceived and implemented primarily as an investment project.

PS\ In the near future we will completely update our site and WP.
PS\\ Our team is grateful to all those who remain with us.

Our team burned 1381143.23636990 MINEX redeemed on Cryptopia. Currently TotalSupply - 28158764.03712601
Transaction1
Transaction2

PS/ In the first transaction accidentally burned only 138035.12363699 MINEX

Hi
According to our plan, we monthly distribute our income from mining into 3 parts:
1. 50% - buy MINEX tokens on exchange (burning)
2. 30%  – award MINEX team
3. 20% – project replenish capital.

At present, income from mining has decreased, as well as part of the funds we have frozen on nicehash. We will try to make a ransom monthly, but we can not guarantee this.

Our team apologizes for untimely provision of information and news. This leads to negative reviews about our work. We had a high workload and we did not attend forum so often.

I did not even know what to say to that. At the scheduled time, we redeemed MINEX tokens at 2.71 BTC. In total it was bought 1381143.23636990 MINEX. You can see this on the graph.  Until the end of this week, we will make withdrawal tokens from cryptopia on your wallet and burn them.  We've done this more than once.



I ask you to give an explanation of how our team is deceiving community and why do you think that MINEX is scam ??

We publish financial statements on our project work in period 05.03.18 – 02.05.18. The yield for period amounted to 5.42 BTC. We distribute the profit as follows:
1. 50% or 2.71 BTC to buy MINEX tokens on exchange (burning)
2. 30% or 1.626 BTC – award MINEX team
3. 20% or 1.084 BTC – project replenish capital.
Buying tokens our team will be on Cryptopia exchange 05.05.18 20:00 GMT

Hey, guys.
Good news from nicehash. They scheduled another payment on the 7th of may.
After a long break, we planned a monthly buyback MINEX at 05.05.18 on cryptopia exchange.
In the near future, we will calculate and specify amount of redemption and gmt time.

We speak as it is. But we do not give up.

We publish financial statements on our project work in period 02.02.18 – 05.03.18
The yield for period amounted 0. This was the result of many factors, but the main one is that we failed to sell mined ZCL (ZClassic) in a timely manner before its price fell.
We do not look at a series of failures, we continue to work.

13.02.17 burned 271643.51797827 tokens MINEX - transactions

Unfortunately, we do not have an answer to this question. Maybe someone from community trades on exchange cryptopia can tell us.

At the moment the transaction has been confirmed. Usually, transaction is confirmed within a few minutes. You sent tokens from coinexchange.io. If you have a delay next time, contact the technical support of exchange.

We bought 271591.23959872 MINEX. In near future we will burn these tokens.

Guys, there is an error. MINEX has been added to Cryptopia exchange in August 2017.  February 05 20:00 UTC there is a monthly redemption token in exchange Cryptopia.

The purchase is carried out on "order form market". The price will depend on the offers at time of purchase.
Of course we'll make the exchange. We have remained unclaimed tokens. Please send us e-mail(support@minexteam.com) your address waves.

Before hacking nicehash at the time of December 6 (for the period 15.11 - 06.12) we had a yield of 5% of the amount of 33.08 BTC which is 1.654 BTC and the final balance was 34.734 BTC. After hacking, we still have frozen on nicehash at 15.81 BTC. Taking into account the latest news about the readiness of the nicehash to gradually pay off the stolen balances, and the resumption of the liquidity of hashrate by the main algorithms, we decided to resume our work.
We publish financial statements on our project work in period 15.11.17 – 06.12.17. The yield for period amounted to 5% or 1.654 BTC. We distribute the profit as follows:
1. 50% or 0.827 BTC to buy tokens on exchange (burning)
2. 30% or 0.4962 BTC – award MINEX team
3. 20% or 0.3308 BTC – project replenish capital.
Buying tokens our team will be on Cryptopia exchange 05.02.18 20:00 GMT
The following report on results of work in February 2018, will be published in early March.

Good news. In the near future we will have an update of MINEX road map.