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Minery (MNRY) ICO Review – ICO Token News

MineryOverview

The MINERY project is operating through the following companies: MINERY, registered under jurisdiction (Company 1), conducting the initial token offering; and a hardware supplier, a Russian company LLC MINERY RU, Russia (Company 2) dealing with hardware installation and maintenance processes at mining facilities in Bratsk, Ust-Ilimsk, Irkutsk according to agreements with OOO Bratskaya stroitelno-montajnaya kompaniya (facility construction) and AO Bratskaya elektrosetevaya kompaniya (power supplier), one of the largest power suppliers in the Irkutsk region. In total the project implies construction of five mining facilities with the overall rating of 55 MW

Another fairly important task facing the industry is to improve mining infrastructure by saturating the market with client-oriented services (increasing the range of cryptocurrencies available for mining, hardware sales on the spot, cryptocurrency exchange integration, legal support for clients and more), which is the main development direction for the near future of MINERY.

A Miner Going After Maximum Profits Seeks to:

  • Reduce hardware maintenance costs;
  • Optimizing the working conditions for the hardware;
  • Providing timely repairs in case of a breakdown.

Another fairly important task facing the industry is to improve mining infrastructure by saturating the market with client-oriented services (increasing the range of cryptocurrencies available for mining, hardware sales on the spot, cryptocurrency exchange integration, legal support for clients and more), which is the main development direction for the near future of MINERY

Hardware Insurance

Mining equipment constitutes a fire hazard due to its technical characteristics. There are also other risks linked to the usage of this equipment in large mining facilities. That’s why it is important that hardware is insured against fire, flood, earthquake, third-party malicious activity and other risks. We are currently seeking a partnership with an insurance company to provide the necessary insurance mentioned above. As our partnership has not yet been finalised, insurance terms and conditions are to be determined later. Insurance is compulsory and insurance premiums are included in the hosting fee.

Minery Mining Economics

Today, cryptocurrency mining is one of the most lucrative business fields. At the time of writing one bitcoin goes for about $11,000 on exchanges, while the cost of mining it is about $2,500, according to www.whattomine.com. This potential for profit has caused a digital gold rush and an overcrowded industry. In turn, this has led to a shortage of mining equipment, as well as power capacity and mining ready facilities. One bitcoin costs about $11,000 on an exchange, but mining it costs about $2,500. MINERY offers to its clients a full range of mining services at an attractive price.

Token Management

The purchased tokens can be managed via a personal account on MNRY.io. The client’s equipment is also shown there and corresponds automatically to the tokens purchased. Our engineering and software solutions will help you bring your equipment into work as soon as possible. In order to be fully hosted, the amount of power consumed by your equipment should equal that of the number of ICO tokens you have purchased or leased.

Token Lease

 Lessors

Those MNRY token holders who either have no interest in mining or possess spare tokens are able to make use of the Leasing section on our website and put their MNRY up for leasing. Average rental fee per token is comprised of power capacity rental fee of 0,04 $/kWh. In order to find a lessee, you should place your offer in the necessary section of your personal account with the number of tokens and rental fee indicated. The tokens will be rented out to the client upon having accepted your offer. The rent will be transferred directly to your personal account.

Lessees

If you are not quite sure whether you need to purchase MNRY tokens, you can lease them (if an offer exists at the moment). For instance, you might lease to test the profitability of cryptocurrency mining. To lease tokens, you should complete a demand on the website. After the termination of the token sale, hosting services will be offered only to MNRY token holders/lessees. Therefore, those having failed to purchase MNRY tokens will have to lease them in order to mine. The rental fee is levied daily through a special payment program and goes to the tokens’ holder.

Token Sale Description

MNRY is a standard ERC20 Ethereum token. MNRY token is an Ethereum token confers the right to use 1 W of MINERY power capacity with your hardware and utilize our mining facilities for the next 30 years rent-free. The pre-sale is the first stage of MNRY token crowdsale before the mining compounds construction is started. During the pre-sale, a bonus of 20% is set. You, therefore, receive a bonus of 20 MNRY tokens for each 100 MNRY tokens purchased.

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Team

  • Ilya Bruman
    Ilya Bruman
    Ilya Bruman
    CEO
    Education
    Plekhanov Russian University of Economics – finance & credit; London Metropolitan University - MBA Finance.
  • Alexey Paikin
    Alexey Paikin
    Alexey Paikin
    Managing Director
    Education
    Lomonosov MSU Business School (MA, management). Russian Foreign Trade Academy (BA, management).
  • Kirill Sorokin
    Kirill Sorokin
    Kirill Sorokin
    CTO
    Education
    Moscow Institute of Electronics and Mathematics, Financial and Technological Academy.
  • Ivan Ivanov
    Ivan Ivanov
    Ivan Ivanov
    Chief Operating Officer
    Education
    Lomonosov Moscow State University, bachelor of management.
  • Sergey Starchenko
    Sergey Starchenko
    Sergey Starchenko
    Chief Supply & Logistics Officer
    Education
    Plekhanov Russian University of Economics – Finance and Credit
    Middlesex University London - MA Money, Banking and Finance
  • Andrey Kravtsov
    Andrey Kravtsov
    Andrey Kravtsov
    Head of Design
    Education
    Yaroslavl Technical University.
  • Konstantin Lebedev
    Konstantin Lebedev
    Konstantin Lebedev
    Development Lead
    Education
    Yaroslavl Technical University.
  • Natalia Prachuk
    Natalia Prachuk
    Natalia Prachuk
    Marketing Director
    Education
    V.I. Vernadsky Crimean Federal University.
  • Sergey Kabaev
    Sergey Kabaev
    Sergey Kabaev
    General Director of JSC "Bratsk Electric Grid Company", PhD in economics
  • Ekaterina Kifa
    Ekaterina Kifa
    Ekaterina Kifa
    PR & Communication
    Education
    Odessa University of Economics.
  • Zhenya Novytska
    Zhenya Novytska
    Zhenya Novytska
    Head of Support
  • Alexander Shulgin
    Alexander Shulgin
    Alexander Shulgin
    Gruppa Kompaniy Familia
    Visionary , VC investor , Advisor for ICO/ITO

Milestones

  • 1
    March 2018
    Purchasing real estate, securing land rights, procuring hardware, continuing software development for mining compound management.
  • 2
    April 2018
    Engineering, securing authorizations and approvals.
  • 3
    May 2018
    Ordering electrical equipment, beginning groundwork, laying foundations for facilities 2-5. Facility 1: finishing work begins, internal supply lines installation.
  • 4
    June 2018
    Facilities 2-5: finalizing groundwork and laying the foundation. Facility 1: finishing works, installing ventilation.
  • 5
    July 2018
    Facilities 2-5: construction works, internal supply lines installation begins. Facility 1: finalizing engineering and finishing works, commissioning preparations, transformer substations installation.
  • 6
    August 2018
    Facilities 2-5: finalizing engineering, commissioning preparations, transformer substations installation. Facility 1: finalizing transformer substations installation, utility connection and commissioning.
  • 7
    September 2018
    Facilities 2-5: finalizing transformer substations installation, utility connection and commissioning. Facility 1: hardware installation and set-up. Finalizing software development for mining compound management.
  • 8
    October 2018
    Facilities 2-5: hardware installation and set-up, token issuance.

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