It would surely help to have some update form Envion Team on the status right now. The amount raised on the website goes up-and-down for a few days now. I understand it's because of ETH fluctuation, but still, some hard facts would be useful.

I am observing the ICO closely for some time and hesitating whether to invest or not. And when the raised amount is almost the same for several days now, doesn't look optimistic... What happens if Envion doesn't reach the hard cap?

True. The Envion staff should pay much more attention to the quality of the mods they are using, if they end up turning the best part of the community away.

I see that no one of the team is answering here. I hope someone tell me if the Kyc is mandatory to withdraw bought tokens?

Hey guys,

No one answered my question so I am just reposting it because I think it is interesting.

If you think it was a mistake, then you can always DM me (Laurent).  If you are who I think you are, it's because you posted a link to your mining operation—do not post competitor links on the channel.  Period.

I'm happy to reinstate if you have a good reason.

Why don't you double check your Telegram? I'm on the channel right now, it seems fine to me. Perhaps you just need to update?

Anyone have any thoughts on why the rate of funding has slowed so significantly? The ICO was rumbling along, but now there's barely any new money coming in.

I just looked at the prospectus and it seems the company is taxed 35%, hence why it is used to calculate profits as this is a swiss company. 
It says right in the prospectus thatvtoken holders are responsible for taxes in their own country.

Here's another competitor I uncovered in my research.

Giga-Watt is a mining operation based in Washington state where there is access to cheap hydro-electric power. A big advantage of hydroelectric power is that it is a green energy source with 24/7 availability. As discussed earlier, other green energy sources like solar and wind will need to be supplemented with grid or diesel power, at least until battery technology comes down in cost.

In envion's whitepaper, they claim an average energy cost of $0.03 kWh. That's pretty cheap, but interestingly, Giga-Watt's energy cost is actually slightly less at $0.028 kWh (per page 9 of their whitepaper: https://wtt.cryptonomos.com/white-paper.pdf). Both these companies have essentially the same power costs, but Giga-Watt has all their facilities at one location. This is a huge advantage as it makes building, management, and maintenance of the miners vastly easier and more efficient. One of envion's supposed competitive advantages is that with their MMU pods, they can go anywhere in the world to where energy is cheapest. But why go through the risk and expense of chasing cheap energy costs around the world when you can just set up in one place and have an ultimately lower energy cost?

Giga-Watt also has a huge head start as they are already operational and continue to expand. They also seem to be much more transparent with investor communication - between their website and YouTube, there are literally dozens of photos and videos of their existing facility as well as expansion progress.

One of their biggest problems is... securing access to miners. They simply can't get enough of them. The lack of mining equipment supply is definitely a recurring theme and I don't see how envion will be able to overcome this.

I was originally planning to put a relatively large (for me) investment into the envion ICO. I was all prepared and ready to go (MetaMask set up, sufficient ETH secured, required documents in place including having to pay to get investor accreditation since I am in the US). Last night I went to bed with enough doubt that I decided I was willing to let the initial $0.70 window pass. Now with the additional info I'm finding this morning, I feel delaying my decision was the right thing to do. Unless someone (ideally directly from envion) can address what I feel are serious concerns (specifically, how does envion expect to gain priority access to a large volume of mining components?), then I will likely pass on this ICO.

I did some research into envion's competitors and found some interesting stuff.

Apparently a company called Affinity Mining recently did an ICO. It had similarities to envion in that they intended to use renewable energy, use algorithms to calculate the most profitable coin, and distribute a certain portion of profits to token holders. What happened to this company?


See more here: https://affinitymining.io/

One could argue that Affinity made a mistake in investing in too many D3 units and that envion won't make this mistake. While that may be true, this brings up an important concern that will also affect envion. The vast majority of mining is done with industry standard equipment like Antminers or GPUs, and there is a worldwide shortage of these components. Antminers have been completely sold out, and GPUs are in tight supply with retailers limiting sales to only 1 or at most 2 per household. In order for envion to fulfill its goals, they'd need to somehow have not only priority access to these components, but priority access to a large volume of these components. How can envion, a newcomer with zero past experience in this space, be able to secure such priority access to such highly sought after components? What makes them so special compared to all the other retailers and mining companies, many who have been doing this for a long time? It just doesn't seem realistic to me.

What happens when things start majorly shifting from Proof of Work to Proof of Stake (e.g.  Tangle/ HashGraph) making mining irrelevant?

I'm not sure what part of world you come from, but I live in Russia and have almost limitless supply of energy below Envion's average price point (listed in whitepaper, again), so energy is never a problem for those who know where to look to invest and are actually invested into mining (read: not 1 4x gpu rig in their basement, but a farm of at least 10-15 rigs).
good, so we know envion has plenty of access to energy, check!.

If you say you follow Envion closely, look at the reviews they are given by profesesional ICO community (at best, reviewers give it 3 out of 5, some call it sketchy, its all in google, mate).
I do my own research. Professional ICO reviewer? what does that even mean? Ive been reviewing companies for 13 years
What stops me from being invested in this is the fact that I have not seen a single person who is an actual miner on their team. Engineers? yes. Consultants? yes. Marketers? Hell yes. Miners? ...
I have been using computers all of my life, it took me about 3 days to learn about mining, 3 more days to optimize my rigs. Its not rocket science. Now if you want to talk about programming a software layer to optimally monitor all of the miners, that requires some skill. The actual mining part is a joke. Their team is beyond those basics. But thank you for pointing out that they have engineers consultants marketers.... Team? CHECK!

+ the fact that they are compiling tons of low hashrate gpus + the fact that they want to buy millions of dollars worth of s9 (which as some forum mebers pointed out before is impossible due to shortage of supply we already have), how do you still believe they will make up to their promises?
They DO have the purchase orders for the miners already, they dont have to promise, they just have to be not Lying. which i believe they are not.[ Envion staff has mentioned that they are able to purchase because of large quantity orders, and that these relations are established and that they have the equipment ready to be purchased and suppliers on standby.

Have you seen a mockup of a business model? Geographical destinations for "low-cost energy"? Cost mitigation plans (i.e. new more powerful asics on market, heavy increase in difficulty of mining, switching to lower cost grids, etc)? All I see is 1 mini-demo and a lot of marketing with broad words but no specifics (been discussed many times like hundreed pages ago).
They have LOI with energy providers already, also they just announced a partnership with the royal family of Dubai, and as you said yourself, even just parking them on the street in russia is low cost energy

3 more risk factors:
- They promised a big4 audit by Dec1 like several months ago - where is it?
They are being audited as we speak, they provided a notarized letter confirming the audit is taking place, did you not know that?
- They promised a patent on their "cooling system" - where is it?
Patent is pending, they provided a patent#, Patents do not show up immediately at the office, again, I dont beleive they are sacrificing their reputations and lying
- They just made about $21 mln in fundraising, but they got only a couple of engineers on board, who is going to assemble all of this in time to give you first payout in the end of January?
assemble the units? There was a statement from their Seif Shieshakly stating the GPUs are all secured, the supply chain is in place, their team does not assemble them, they have workers in china assemble from start to finish

"huge profitabiliy in mining" - imagine what happens to profitability if someone pours $150 mln's worth of tech into the pool of 5-6 most profitable cryptocurrencies that yield 30-40% more than their lower-margin competitors. Do u even know what mining difficulty is? In just 2 months my etherium generation dropped by 20%, this is just an example. BTW, their current calculations do not account for crypto rates fluctuation and assume they are flat
Do I know what mining difficulty is? I mean you asked some good questions here, and I'm glad you did because it seems you are not as informed as I am, but now you are just insulting. Crypto is supply and demand, right now the gap is large, first movers will benefit and my ROI will be 100% from this project in no time, in 2 years from now we cant guess at the state of the space, but a group that has versatility and cheap energy access is what I am betting on

Now, again, I'm not saying Envion is a scam, but I'm saying these people have no idea what they're doing and the promised 161%/yr ROI is not possible with this team and with this approach AND with these deadlines.
Don't trust my word, go check out how other industrial miners operate and pitch for capital and then come back and look at Envion again. To me it seems like ur not doing ur homework but instead screaming out on the forum mate.

Asking my question again as it is one of the last remaining barriers keeping me from investing.

How does envion intend to run the solar-powered MMUs at night? With batteries? Reverting to the grid? Diesel generators?

Yes it seems far away, but don't underestimate the CEO Matthias Woestmann and its Team. There might come big news during the ICO.

As I said before, Envion are not the first one, producing Mobile Mining Units - Bitfury are long ago in the business.
Second, the hardware - they are planing to use Antminer 9S, the most popular ASIC miner, but more than year old model. New miner producing company will flood the market with new 16 Terahashes miner in March 2018, which means Bitmain most likely will be ready with Antminer 11S around that time. That means Envion will spend their money for old equipment.
They were very optimistic they can beat Bancor’s ICO, but it is not so easy...
One little red flag - why you need to send your money BEFORE the KYC process. The rest of the world is doing the opposite

Found similar transaction 1.49 ether but that guy got 1,488.018940551 EVN!!!

https://etherscan.io/tx/0xe20d72a810becc31af0651ef5c8e2c7de1f04a134e2da54bf0be1ea580540a34
https://etherscan.io/token/0xd780ae2bf04cd96e577d3d014762f831d97129d0?a=0x94a057cd2a9e87b7192c4b32a59a70989975d13f

vs Mine:
https://etherscan.io/tx/0x185ed19b3c54981ca85f2e2579f411ee1c2fc1276e7310fe01ad063f3476fd90
https://etherscan.io/token/0xd780ae2bf04cd96e577d3d014762f831d97129d0?a=0xea72f6cb3fab0b86506c8f31dcaa8562145e15d1

If this is a bug, I hope others are not affected and they fix this ASAP.

That's like very obvious if you read their whitepaper.

They are planning to use 13.5 th/s ASICs which to this date considering quantity they want could only be s9 bitmain antminers.
They are also planning to use Radeon 460 x13 rigs on linux (about 10.6 mh/s + 85 watts per GPU they have listed on also gives you the idea)

I planned to invest initially but now that all this is up... I am truly amazed how many people invest without even looking up the basic facts.