I had previously done a review on 6 of the mining type ICO's that are going on right now. I have to say I'm a big fan of them in general. Passive income is a great thing to have and is the hallmark of achieving financial freedom. Any crypto that gives me passive income is simply a little bit better imo. MinerOne was included in the previous 6 mining ICO I wrote about, this time I will go into more depth as they seem to be the most professional and thus have the best possibility to stick around for a long time. Thus giving more profit to us.
Some of the takeaways from that chart. They are getting very cheap electricity compared to what most of us can get in our residential houses so that is a plus. They have picked Luleå, Sweden a very cold place that is used for large computer farms for other projects such as one of the biggest data farms for facebook. So its far more cost effective to buy tokens from here to mine crypto then it is to set it up for yourself currently. Less of a hassle upgrading and maintaining your mining rigs as well as no noise pollution. The downside being you have to trust this company to do its job right and professionally.
So they are projecting a 13% ROI each month and at the time of writing this you get 15% extra tokens so lets say you invest the minimum they accept $100 usd worth of MIO tokens ~ 295 MIO right now. This gives us a starting value of $115 dollars for our calculations. So after 7 months you will have earned 104.65 which would be 100% of your initial investment after that it's all pure profit. At the end of the first year you would have received 179.40 so a net profit of 79.40 for the first year with it then becoming the full 179.40 in profit for each year after. This of course is based on crypto prices staying exactly the same. As the price of crypto rises so to do your payments as they aren't paying you out in usd amounts they are giving you the 13% of btc (converted to ETH) that would at this moment be 179.40 over a years time. Btc going up in price means you will receive ~ the same amount of btc each month but it will be worth more money as the price increases.
Obviously to do this the Miner One company has to keep its farm up to date bringing in new equipment, new software, and even maybe mining other coins then Bitcoin. I am happy to say they do have plans to jump to other coins if they find them more profitable.
So lets talk about the MIO token itself what does it do and represent. The token has to be tied into the success of the project or it's pointless to buy the token. In this case it's pretty simple as the token represents a payout to the person who is holding it based on the performance of Miner One. Usually it's a bit more complicated then that but in this case easy enough the token is tied to the business.
So as you can see 82% of the tokens are being sold to the public if they reach the hardcap (unsold tokens will be burnt if hardcap isn't reached). 82% is a really good amount, usually its 50% to 65% in a token sale. This means if you are looking to sell your MIO tokens down the road you don't have to worry about a huge number of unsold tokens coming into the market diluting the price of your MIO tokens.
A few interesting things on this roadmap. The way it usually works with a token like MIO, you hold your tokens in your MEW wallet for example and your monthly eth will be sent to the wallet. I have to assume they will allow this way of holding and collecting your monthly ROI. The are bringing out a MIO dashboard and mobile app which you can use instead of holding your coins on MEW. It looks like the advantage of that is they will have a Miner One credit card that you will be able to use to spend your ROI at places that don't accept crypto. Now depending on how this is implemented this could be huge and maybe even more valuable then the ROI on the token itself. As this would be a gateway to easily exchange some of your crypto to fiat purchases. Depending on the cost of the conversion/transfer/loading whatever you want to call it.
Passive income is very important to your financial future, you want your money working for you. It's for this reason that I am personally investing in this project. If you found this information helpful and are thinking about investing (after you do your own research on this ICO) here is my referral link: https://goo.gl/tKrQB1
Please do your own research on this ICO I am not your financial adviser. I'm only a crypto enthusiast who enjoys reviewing new upcoming ICO's and likes writing about them. Thanks for reading and good luck.