What is Ambit?
We are experienced miners, who managed to build 1 MW mining and 5MW hosting facility in Georgia, Tbilisi Free Industrial Zone. We have achieved ROI in just 5 months, following profitability of the project, now we aim scaling to 20 MW mining infrastructure, providing - mining, hosting and cloud mining services.
How does the project create value to the ecosystem and differs from competing projects:
Ambit mining is the only ICO with the existing mining infrastructure, experience and proven track record. All this is reflected on “Ambit Mining” youtube channel. The company is located in Georgia, Tbilisi Free economic zone, which gives various benefits such as, cheap green electricity of 5 cents, no tax or VAT, and favorable government regulations. It partners with major mining hardware and cooling system manufacturers, farther decreasing consumption of electricity.
Our main value is transparency and experience. Every variable related to the mining operation will be disclosed to the token holders, each token holder will have voting right to influence important business decisions.
All our mining units are powered by 100% renewable hydro energy, ensuring low cost and green electricity supply at only 5 cents per kW/h.
Our farm is located in Georgia, one of the most crypto friendly countries in the world, with abundant green electricity and favorable government regulations.
Ambit mining has already constructed 1 MW diversified farm in Georgia, which generated over 1.3 mln profit per year, with this experience we aim to further expand our operations and to share the profits with the community.
The mining farm is located in Tbilisi Free Economic Zone, which is a tax free area in Georgia. Meaning that operation will be exempt from majority of licenses, taxes and will benefit from the simplified procedures.
Ambit Mining will partner with the major mining hardware manufacturers and will install cutting edge cooling and wiring solutions in order to optimize the costs and to ensure maximum profitability.
Token with Payouts
Token holders will be entitled to the profit share from the Ambit mining and hosting operations, which will be paid out bi-weekly in ETH at pro-rata basis.
Ambit provides an opportunity for diversifying the risks, by investing in the mining infrastructure. Since the farm will be mining using both ASICs as well as GPUs, the income is not dependent on a single coin’s performance.
Ambit believes in a community driven business and decentralization, so 85% of the total token supply will be available for the public sale.
In case of sale of assets, such as ASICs or GPUs, when they become outdated, the proceeds will be paid out to token holders at pro-rata basis.
Token holders will have the voting rights, which means that they will be able to participate in certain business decisions, when it comes to innovation and improvement of our operations.
AMBT is a token with payouts, that entitles the token holders to the percentage share of the total profit of the mining and hosting operations, which will be paid out on bi-weekly basis. Allowing every mining enthusiast to become part and enjoy the benefits of the large mining operation.
- Dividend paying mining tokens based on multiple different currencies is a good portfolio diversification instrument
- Sizeable and experienced team with a proven track record on an earlier successful mining operation
- Project is based on the supply of stable and cheap hydro power, which reduces the grid operation time risks of mining
- Project materials are well made and look good
- The smart contract content is open for p2p review on GitHub
- The roadmap promises a quick delivery of first distributed dividends in Q3/18
- The ROI is calculated based on the benefits of the free economic zone regulations, which may change in the future
- The promises of 171% annual returns based on the economic calculations of 2017 is an optimistic and risky way forward
- Project social networks have plenty of room to grow further
- Claims of having partnerships with companies like Forbes without documentation to back this up sounds like exaggeration
- Focus on building own ASICS chips in 2021 sounds to potentially divert the strategy and profits from the actual mining operations a lot towards a different directions