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Decided to study the ICO market

Wed Nov 22, 2017 7:00 am

Today quite a lot of people make much money on cryptocurrency. So I decided to study the ICO market cause a usual mining doesn’t appeal to me.
Turned out that the market is oversaturated with offers but theres almost nothing good. However, theres an amplitude of frauds or just crazy projects, that I have no idea who believes in. But since they exist, it means that someone buys into this nonsense.

E.g., an Asian company offers 1000% per annum for the purchase of usual capacities. Allegedly, theyve invented their video card for mining. Yeah, and NVIDIA just spends millions of dollars on development.

Or the guys who decided to build a mining farm in an ice cave and offers everyone to become investors of this project. And someone believes that the ice cave will cool a farm but wont just melt it.

This is just as improbable as a power station in the Alps, where the Swiss government hardly delivers electricity to. Or generators working on gas. If it really was a cheap option, itd have been used for a long time in regions wheres no possibility of extracting electricity another way.

Among the amplitude of weird proposals, my attentions been attracted as well by a grandiose project. The only difference from others is that its not insane. A Bulgarian company AA! LAB uses power capacities of a huge industrial company RUSAL for mining and issuing its own cryptocurrency Mining Now http://miningnow.online/.

The use of the capacities of the industry giant, e.g., in cold Russia, can positively influence the cost of cooling. By the way, in Russia electricity prices one of the cheapest in the world. Through the cooperation with RUSAL, its possible to achieve an even lower price (about 3 cents per kilowatt).
This project is the only great offer in the market that doesnt look like a fraud.

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