[ANN] SnowBall Mining ICO- Operational Now. Come get your dividends!
![[ANN] SnowBall Mining ICO- Operational Now. Come get your dividends!](https://coinhub.news/img/d7/d7de25eaea4995382bc78c407eb57bc6_730_522.webp)
credits to: 1miau PROJECT SUMMARY We are pleased to announce the launch of an ICO for our project named SnowBallMining (Bitcoin & Altcoin Mining)Snowball Mining has a current operating mining facility based in North America and is operating hundreds of current gen Bitmain Asic S9 (13.5 TH/s). Our goal is to maintain an effective green facility while expanding our network hash rate. Instead of selling termed cloud mining contracts, we are looking to convert our network hashrate into an investor support/reward solution. Our SMB token entitles all holders to receive mining rewards from our farm, distributed monthly in ETH. The purpose of the SBM token is to expand the network hash rate while rewarding our supporters through dividends accumulated from mining rewards of our growing hash rate. SBM token are backed by an active mining project that entitles the holder to receive ETH dividends directly into their erc20 wallet at the end of each consecutive month. The first dividend payout was at the end of June (around 9 percent). Where is your project located?The project is located in Quebec, North Canada. Natural air cooling, cheap hydro energy rates along with solar panels offset much of the Maintenance & Electricity costs associated with mining. Our electricity cost is at $0,056 and we have the possibility to lower it by producing own electricity in the future. When is it?PreSale starts from June 1 - June 29th. For the early adopters that purchase SBM tokens during the presale will be the first to be rewarded mining dividends on June 30th. Next payment will be in end of July. PreSale advantages also include a 15% SBM Token bonus. Public token sale will start July 1st until August 15th, 2018 in four stages.Why are you having a PreSale if the project is already running?We are concentrating on hashpower growth exponentially in the next few months. We have re-structured our assets to pay for the low MEFs so the investor receives the highest profit from the mining rewards.How are you expanding exponentially?Using the crowdsale funds to purchase next-gen hardware that are more efficient to maintain while delivering more rewards. We have structured the tokens so that we do continuous monthly reinvestments towards more hardware while growing the hashrate, offsetting difficulty while growing and sustaining mining dividends for the investor.How are you planning to deal with an increasing mining-difficulty?We will use some of our mining profits for reinvesting and developing. Our growth must negate these challenges as we continue operation and prep for the long-term.16% [8% (Reinvestment of current gen miners) + 8% (Development allocation to purchase and test next gen miners)] of all network mining rewards will be used monthly to add more mining hardware to stay competitive. Development is similar to reinvestment but different since we are incorporating new to market hardware. This can include futures product that we pilot in our facilities. We are already thinking to incorporate next-gen mining hardware. 8% of monthly mining rewards will be used for this purpose. During periods when these is no new product in market, the funds allocation will be used towards reinvestment and developmen
credits to: 1miau
PROJECT SUMMARY
We are pleased to announce the launch of an ICO for our project named SnowBallMining (Bitcoin & Altcoin Mining)Snowball Mining has a current operating mining facility based in North America and is operating hundreds of current gen Bitmain Asic S9 (13.5 TH/s). Our goal is to maintain an effective green facility while expanding our network hash rate. Instead of selling termed cloud mining contracts, we are looking to convert our network hashrate into an investor support/reward solution. Our SMB token entitles all holders to receive mining rewards from our farm, distributed monthly in ETH. The purpose of the SBM token is to expand the network hash rate while rewarding our supporters through dividends accumulated from mining rewards of our growing hash rate.
SBM token are backed by an active mining project that entitles the holder to receive ETH dividends directly into their erc20 wallet at the end of each consecutive month. The first dividend payout was at the end of June (around 9 percent). Where is your project located?The project is located in Quebec, North Canada. Natural air cooling, cheap hydro energy rates along with solar panels offset much of the Maintenance & Electricity costs associated with mining. Our electricity cost is at $0,056 and we have the possibility to lower it by producing own electricity in the future. When is it?PreSale starts from June 1 - June 29th. For the early adopters that purchase SBM tokens during the presale will be the first to be rewarded mining dividends on June 30th. Next payment will be in end of July. PreSale advantages also include a 15% SBM Token bonus. Public token sale will start July 1st until August 15th, 2018 in four stages.Why are you having a PreSale if the project is already running?We are concentrating on hashpower growth exponentially in the next few months. We have re-structured our assets to pay for the low MEFs so the investor receives the highest profit from the mining rewards.How are you expanding exponentially?Using the crowdsale funds to purchase next-gen hardware that are more efficient to maintain while delivering more rewards. We have structured the tokens so that we do continuous monthly reinvestments towards more hardware while growing the hashrate, offsetting difficulty while growing and sustaining mining dividends for the investor.How are you planning to deal with an increasing mining-difficulty?We will use some of our mining profits for reinvesting and developing. Our growth must negate these challenges as we continue operation and prep for the long-term.16% [8% (Reinvestment of current gen miners) + 8% (Development allocation to purchase and test next gen miners)] of all network mining rewards will be used monthly to add more mining hardware to stay competitive. Development is similar to reinvestment but different since we are incorporating new to market hardware. This can include futures product that we pilot in our facilities. We are already thinking to incorporate next-gen mining hardware. 8% of monthly mining rewards will be used for this purpose. During periods when these is no new product in market, the funds allocation will be used towards reinvestment and developmen
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