Review and analysis of ICO Ambit Mining

Ambit Mining is raising money for the expansion of business in the mining of crypto-currencies. The guys already have experience in creating a farm for 1 MW, investments in which have already repulsed. All the activities of Ambit to create and operate its first farm are documented in detail in a video on YouTube. Having obtained a successful experience of large-scale mining, they are now planning to expand their activities and increase the farm's consumed capacity to 5 MW, and in the future to 20 MW.

Physically, the farm is located in Tbilisi, Georgia, in the free economic zone of the technopark, where there is cheap electricity and official exemption from mining taxes. For those who want to make sure of the reality of the project, the creators of the farm are ready at any time to conduct a live excursion and show how everything works in reality.

Blockchain is used exclusively for obtaining initial financing and subsequent distribution of income among the holders of the tokens. However, from this point of view it is just logical to use all the opportunities of the blocking company to keep the register of shareholders and distribute profits on conditions of maximum openness.

The business of mining can be started even with a simple domestic farm, and with this it will proportionally yield the same income as a large industrial mining.

RMC, Russian Mining Center - collected a record $ 43 million. However, distribution of the miners to the holders of the tokens ceased, the project deviated from the roadmap for more than half a year. Communication with the community is poorly maintained.

Ice Rock Mining is a registered in Ireland project for the construction of a mining farm in Kazakhstan in a former military bunker near a hydroelectric power station. Choosing a place for a farm means cheap electricity and no problems with cooling. Owners of tokens will receive 50% of the proceeds from the mining of crypto-currency, the first payments are planned for the end of summer 2018. ROI is promised at the level of 439% per annum. The project implementation carries legal risks in connection with recent statements about a possible mining ban in Kazakhstan.

Giga Watt Token - during the ICO in the summer of 2017 collected about $ 20 million. Tokens give the right to their holders to place their equipment in the hosting-center of the company with a significant discount. Dividends are not provided to the holders of the tokens. At the moment, the company's capitalization is estimated at $ 2.2 million.

The listed projects are not competitors, but rather analogues with which Ambit can be compared in terms of profitability and reality of plans.