I got banned from the Telegram yesterday cause I kept asking a question that they refused to answer. Everyone on their acts like a weird fanatic talking about "our companies great CEO" and that you must believe and have faith. I invested way more than I should have and now I can't even see updates from them.
I'll ask the same thing here as I did their so it can be ignored here. Why was only a small chunk of the coin spent on miners? The number of miners is now the limiting factor in getting payback. If they could only get 500 they should not have accepted so many investors into the project. They gave some weird response indicating they might get more later.
So far I've gotten 2 really unclear responses.
One of the Telegram members, who is probably just a member of the board under another name, said it's not the companies fault and the issue was the bitcoin price dropped so they couldn't get the things they needed. If they sat on the coin that was used to buy in and let the price drop instead of using the buy-in to get the mine going that's the fault of the company not the market.
One of the admins said they were not able to cash out the bitcoin to purchase the equipments in the originally intended amount due to legal reasons of not being KYC compliant. Did they never think of this before? They kinda acted like it was a shock to them. If this is the reason the original volume of mining is not gonna be up it's also the company's fault.
These people really need to get their act together. I knew the original approx 19 cent per coin a month was not gonna happen, but I was hoping for at least 8 cents with the change in bitcoin price. Now it looks like it will be less than a penny and the board is fully responsible for that not the market.
If they are holding off for the s11 purchases they should be clear about that and make it known when they will be up and running. The website still has calculations based on miners not being a limiting factor and needs to be updated tho they seem to have no intention of changing it.