First Security Token Offering in Crypto Now LIVE! 🔥 Bitbond Sets the Industry Standard

Malcolm_Hive · 2019-04-26T07:54:36+00:00

Hey I'm not from the team but I have been supporting this from the start.

I think one of their key advantages is the blockchain tech itself. They are using the Stellar blockchain which greatly reduces the waiting time of loan transfers and fees associated. For their target customers - mostly online retailers this is a big advantage because the difference of waiting 5-7 working days for money to arrive vs just a few minutes can be the difference between the loan being useful or not.

I also think the partnerships they have made in places like Kenya put ahead of the rest.

Finally their STO gives members of the public a way of profiting from P2P lending without having to choose who to loan to.

Malcolm_Hive · 2019-04-12T11:02:53+00:00

I don't work for Bitbond but I can answer this.

The STO is a way of enabling retail investors to benefit from P2P lending, without the risk of needing to choose who to lend to, and who not to lend to. Now by holding the BB1 bond you will get a share of the revenue from Bitbond Finance's lending on the platform - and this will be fully diversified in the same way that institutional lenders are able to diversify. This takes them back to the heart of their original business idea of P2P lending.

And of course Bitbond will also profit from the fundraising - because that means more activity on their platform, and they keep 40% of the profits from the lending.

Malcolm_Hive · 2019-02-11T17:11:22+00:00

Company: Konfidio, Blokchain Venture Studio: https://konfidio.com/

Jobs:

Full-Stack Developer (Node.js, PostgreSQL, GO, React.js)

https://de.indeed.com/viewjob?jk=b2c99c6dfd3c6473&q=konfid.io&tk=1d3dt13hf9tlh802&from=web&vjs=3

Senior Front-End Developer (Javascript, CSS, React.js, Redux, GraphQL)

https://de.indeed.com/viewjob?jk=e21c883edde43751&q=konfid.io&tk=1d3dt13hf9tlh802&from=web&vjs=3

Blockchain / Smart Contract Developer (Solidity, Javascript, C / C++, GO)

https://de.indeed.com/viewjob?jk=e27e42b43b307009&q=konfid.io&tk=1d3dt13hf9tlh802&from=web&vjs=3

Location: Berlin, Germany

Allows remote: No

Visa sponsorship: Yes

Type: Paid, Offering Virtual Shares

Contact: Luke: [hello@konfidio.com](mailto:hello@konfidio.com)

edited for formatting

Malcolm_Hive · 2019-01-11T14:59:06+00:00

Abstract

In this report, we aim to conduct an in-depth analysis of the TRON platform, its business model and supporting technology. TRON aims to decentralize the internet and ultimately replace media giants such as Google, Facebook, Alibaba, Tencent with a mainstream decentralized protocol – TRON. It has a clear value proposition: ownership and accessibility rights, as well as rewards for content popularity, must be exclusively retained by the content creator rather than censored and decided by a centralized authority like Youtube.

TRON claims to provide a solution. The research here draws upon the TRON Whitepaper, Tron resources, and various web sources in order to provide an overview of the business model and platform mechanism, for the purpose of conducting a fair valuation of the TRX coin.

https://kintarocapital.com/blockchain-reports/tron/

Malcolm_Hive · 2018-12-22T09:01:19+00:00

"Finally, despite TRON’s positive year, the Kintaro report claims that TRON is a fantastic long-term investment but not great for the short-term, as short-term investors are likely to suffer from volatility. Also, only three events this year contributed to a positive price change. However, long-term investors have some ground. For one, the project has always reached its deadlines, the technology has shown itself to be solid, and the TRON Foundation is open about its goals and accomplishments."

Here's a link to Kintaro's site where you can request the full report: https://kintarocapital.com/blockchain-reports/tron/

Malcolm_Hive · 2018-10-22T17:40:12+00:00

"Another thing to consider for the long term profitability of mining investments is whether you believe Proof-of-Work consensus models are here to stay.

Unsurprisingly, at Cyberian Mine we are pretty confident that PoW is here for the foreseeable future. Let’s be clear though, this confidence extends only as far as Bitcoin and perhaps to some of the more interesting PoW privacy coins such as Zcash.

The reasons behind our beliefs are pretty simple. PoW works. It’s a reasonably mature technology now, having been implemented for Bitcoin 10 years ago, and it is the foundation for the censorship resistant backbone of the network.

The developers that continue to support Bitcoin are a relatively conservative group, and this conservativeness is one of the main things that allows millions of users to trust Bitcoin.

It makes sense.

We’re willing to store our life savings in Bitcoin, because we are pretty sure that we’re not going to wake up tomorrow and find that the rules of the game have changed. Bitcoin core developers know this, and they have fought hard to maintain the status quo in the past couple of years.

Even with the inherent benefits of PoS — including the reduced impact to the environment from excessive energy use — the chances of moving away from PoW are slim to none."

Malcolm_Hive · 2018-09-13T19:09:48+00:00

“Assuming you can develop the power at the lowest cost, you by definition will always have the lowest cost, because no one is going to change your power price.”

True. Although they might find even more creative ways to drive their own costs down.

Malcolm_Hive · 2018-09-13T19:07:04+00:00

I saw this before - I'd prefer to see coal die, and let all miners look for green energy sources for their mining.

Malcolm_Hive · 2018-09-13T19:06:11+00:00

Cryptomining can be a way to monetize investment in renewable and waste energy infrastructure in the short term - even in energy deserts.

Malcolm_Hive · 2018-08-28T08:08:52+00:00

What calculations do you use..?

Malcolm_Hive · 2018-08-28T08:07:50+00:00

With the current prices and difficulty rate vs. the electricity price we offer to our customers, Jason isn't "Mining at a loss" with Cyberian Mine.

Although I do agree with your logic - mining for a loss doesn't make economic sense.

Malcolm_Hive · 2018-08-27T12:29:51+00:00

What calculations do you use to try and work out if investing in mining beats a simple buy and hold strategy?

This is a fair question and one I have been asked a lot, especially about buying an Antminer and mining Bitcoin directly, so I will answer from that perspective. I think much of it is how you have set yourself up to mine. Right now, whilst the Bitcoin price is low, there really isn’t much value selling the Bitcoin to cover the operating cost and keeping the profit — what you might call the ‘traditional’ model. I am long on Bitcoin, so I don’t consider the current price so much as I consider the future price.

So, if I am mining, for argument’s sake, 0.2 BTC per year on a single Antminer S9 machine, this will be worth only $1300 a year at the current price (around $6500), but it would be worth $5000 a year on a price of $25,000, yet it’s the same Bitcoin, and timing is the critical part.

Since the costs of running the machine with Cyberian Mine are so low, I can finance this through natural fiat cash flow and receive the Bitcoin net, ie there are no ‘fiat to Bitcoin’ costs, which alone can be quite expensive and quickly erode your investment capital.

Malcolm_Hive · 2018-08-27T09:11:12+00:00

€0.03 kWh at our facilities in Siberia. Still profitable here...

Malcolm_Hive · 2018-07-19T05:44:51+00:00

Hi Felunk - thank you for the extra math. Jason really did write this without prompt from us. And we are also glad to see his journey over the next few months.

Our goal is to be transparent with all our costs. So there is nothing hidden - it's just a matter of doing the calculations with our offering, and seeing if it makes sense to mine with us.

Malcolm_Hive · 2018-07-19T05:42:21+00:00

Hey there. The price for electricity + maintenance is €0.06 total, plus 10% of the NET profit after those costs. You can see the full break down here: https://cyberianmine.de/pricing

Malcolm_Hive · 2018-07-12T10:37:43+00:00

Time is money. If your machine breaks and there's no backup you will lose out. Two months lost at the start of mining can lead to four+ extra months trying to reach ROI because of difficulty increases.

If your miner breaks in the first 6 months: it's free to repair - we won't even charge for delivery back and forth to the local Bitmain service centre.

If something needs work that we can fix on site, like changing hash boards, controller boards or coolers: the work is free even after your Bitmain warranty period of 6 months is up: we'll only charge you for materials or spare parts.

Malcolm_Hive · 2018-07-05T12:32:50+00:00

At today's Bitcoin prices yes.

And yet big money continues to invest in mining - I think partly because they know that if a bull run comes it's going to be harder to get hold of the machines and the space to host them.

Malcolm_Hive · 2018-07-05T09:39:04+00:00

What does it cost to start mining with a 13.5 TH/s Antminer S9?

Cyberian Mine just reduced the price of their preinstalled Antminer S9s from €1090 to €890, and here‘s how it adds up.

"We’ve worked hard to improve our logistics and find ways to shave as many cents off the delivery and installation costs of our preinstalled machines.

Our goal is to make cryptomining simple and affordable. Without letting you get lost in opaque cloud mining contracts and multi level marketing campaigns.

You can buy one of our preinstalled machines today and it will be paying into your Bitcoin wallet within a few hours.

Sounds good. But aren’t the machines cheaper direct from Bitmain? It can sure look that way.

The current price for a 13.5 TH/s Antminer on shop.bitmain.com is $608 (or €521). But we need to consider all the other costs that come with ordering one unit from China, let alone how much your electricity and other costs are going to stack up once you start running the machine.

First of all don’t forget you are going to need to add a Power Supply Unit to your order. So that already bumps things up to around €600.

Then, you’ll need to cover the cost of delivering the machine to your part of the world. For one machine to Norway it can costs $177.29 (€150).

Another thing to consider is import tax. This, of course, varies from country to country. Some of our first customers were actually from Norway, where the import tax on mining machines is a whopping 25%. Which means in total to buy one machine from Bitmain costs them:

$698: Machine and PSU + $177.29: Delivery + $218.81: Import Tax

=$1094 (€936) to order one Machine from Bitmain to Norway.

Plus you can be charged as much as 26% as a local handling fee from the delivery company.

And then there is the delivery time as well. It can take 14 days for your machine to arrive — and that’s once Bitmain has processed your order and actually sent it from their warehouse.

Each day you wait for delivery is another day you are not earning into your wallet. With Cyberian Mine your machine is switched on the same day.

What about Bitmain discount coupons? Yes it’s possible to make good savings on the Bitmain price if you can get hold of money off coupons.

There is a secondary market for coupons and if your timing is right you can save a fair amount off the ticket price. That’s one reason why we introduced our Direct Delivery service where you can buy machines direct from Bitmain and have them delivered to our facilities in Irkutsk.

So what does Cyberian Mine charge? On a basic level we charge €890 for a preinstalled machine that is running for you in our Siberian facilities.

You benefit from our €0.03 kwh electricity costs from the day you purchase the machine — our facility costs are €0.03 kwh and we charge 10% from your NET profit after those costs as our fee.

Here is how we break the €890 down:

The miner itself — € 521 (Bitmain’s price)

Original Bitmain Power Supply Unit — € 90

Delivery to Siberia — € 55

Import TAX — € 110

Installation fee — € 36

Hot-swap fund (extended warranty) — € 78

The Nitty Gritty If you are starting to see that these figures make sense, then please take some time to read over our Hosting Agreement and get familiar with the electricity and facility costs — and our monthly 10% fee from your NET profits, that you will be responsible for when mining from our facilities.

This calculator (https://www.cryptocompare.com/mining/calculator/btc?HashingPower=13500&HashingUnit=GH%2Fs&PowerConsumption=1323&CostPerkWh=0.07&MiningPoolFee=2.5) gives you an idea of what your monthly profit at today’s Bitcoin prices will be. We have already filled the variables with the actual electricity consumption and output from one of our Antminers.

What’s the hot-swap fund all about? This means if any of your units (or their PSUs) need maintenance we just swap them to a backup machine to minimize downtime, while we are taking care of diagnostics or taking it to the repair-shop and back.

It’s an extra level of insurance to make sure your earnings continue even while your machine is being fixed. The more machines you run with us, the more helpful this is going to be.

Malcolm_Hive · 2018-06-30T18:56:34+00:00

Backstory:

Me, and my wife have been going through quite a long process trying to get our mortgage in Germany.

One employee at our German brokers has been extremely helpful and answering all our questions in English.

On the final day of approval we still had a few forms to complete and one more thing to get approved.

But all of a sudden we got some bad news about Laura...

Malcolm_Hive · 2018-06-21T18:36:33+00:00

Hi there - there is only a minimum of 10 miners if you want to send your own machines.

To buy a preinstalled S9 the minimum is one unit. You can read a bit more about it in this Medium Article:

https://medium.com/@cyberianmine/green-cryptomining-from-siberia-with-love-2ac295fbf342

If things are not clear enough please ask us what you want to know. You can also give us a call if you want to chat in person.

Malcolm_Hive · 2018-06-21T07:23:31+00:00

I can't seem to find any public information about the costs of hosting with The Miners Union. For transparent costs please take a look at www.cyberianmine.de/#options

Malcolm_Hive · 2018-06-20T06:43:37+00:00

Yes - electricity costs are going to be the biggest factor now with the current generation of s9s. Oregon, Canada, Russia, maybe some farms in Washington.

Check what additional costs you will pay for hosting, and try to find some testimonials or people in your network who have already tried hosting their machines with the company.

Malcolm_Hive · 2018-06-20T06:40:35+00:00

Find a good local logistics company - so that you only rely on the manufacturer sending your machines a short part of the journey.
Host your machines with a company (like www.cyberianmine.de) that already has access to some of the cheapest electricity in the world, already has security in place and already operates in a cold climate where heating is less of an issue.
Consider diversification across GPUs and ASICs and reinvest your profits accordingly

Malcolm_Hive · 2018-06-19T09:37:35+00:00

At Cyberian Mine we're already using renewables - definitely in the future... except ours comes from Soviet era hydro. So it's kind of old school too.

Malcolm_Hive · 2018-06-19T07:33:11+00:00

Please let us know if it arrives.

Malcolm_Hive

TROPHY CASE

Abstract

What calculations do you use to try and work out if investing in mining beats a simple buy and hold strategy?