Ambit Mining ICO Ambit Mining ICO

Ambit Mining ICO

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Created using Figma
Become part of the Mining Family
Sale
Apr 3, 2018
Apr 29, 2018
100% completed
no data
past

About Ambit Mining ICO

Ambit Mining is an organization that was established in the Summer 2017, and is part of the bigger BFGroup Holding that also controls several business in Georgia such as Petrol stations, poultry farms and an international audit firm. In November Ambit Mining completed the construction of its first fully functional and diversified Mining farm in the Free Economic Zone, Tbilisi, Georgia, with the capacity of 1 MW. Following the success and profitability of the farm, now Ambit Mining provides an opportunity for mining enthusiasts to become part of the mining family and further expand the existing, profitable mining operation to reach up to 20 MW capacity. Instead of offering the investment opportunity to the few large investors, Ambit Mining ICO allows the individuals interested in cryptocurrency mining to enter the mining operation and share the profits of the future operation. We welcome the members of the community to join us in this journey of building our new future together.

Features

  • All mining units are powered by 100% renewable hydro energy, ensuring green electricity supply at only 5 cents per kW/h.
  • The farm is located in Georgia, with green electricity
  • Ambit mining has already constructed 1 MW diversified farm in Georgia, which generated over 1.3 mln profit per year.
  • 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 
  • Ambit Mining will partner with the major mining hardware manufacturers and will install cooling and wiring solutions in order to optimize the costs and to ensure maximum profitability.

Roadmap

  • July 2017

  • Initial round of private funding of 1 million USD.
  • September 2017

  • Construction of 11000 megahash GPU farm.
  • November 2017

  • Construction of 1 MGW diversified farm in TFZ.
  • April 3, 2018

  • Presale of Ambit MiningICO.
  • Read More
  • February 2018

  • Existing 1MGW farm 100 % ROI.
  • January 2018

  • Existing GPU Farm 100 % ROI. 
  • April 14, 2018

  • Main sale of Ambit Mining ICO.
  • May 2018

  • Laying foundation for Ambit Hosting and mining facility.
  • July 2018

  • Hosting Services go live. 
  • October 2018

  • First full dividend payout from Ambit Hosting and Mining Farm.
  • September 2018

  • Ambit Mining Farm is completed.
  • August 2018

  • First dividend payout from the Ambit hosting income.
  • May 2019

  • 100% Return on Investment achieved, Cloud mining service offered to the token.
  • Q2 2020

  • Acquisition of hydroelectric station for the extra source of electricity.
  • Q3 2021

  • Production of own ASICS chips.

Materials

Ambit Mining ICO

Activity

Posts:
138
MEDIUM
Followers:
2 331
MEDIUM
Likes:
2 256
MEDIUM
Rating:
5
VERY HIGH
Reviews:
23
LOW
Followers:
15
VERY LOW
Tweets:
16
VERY LOW
Members:
6 001
HIGH
Alexa
Rank:
303 108
MEDIUM
Delta:
-1 410 909
Year commits:
6
Watchers:
9
Stars:
7
Forks:
4
Open issues:
0

Team

Verified 33%

Attention. There is a risk that unverified members are not actually members of the team

Chief Operational Officer
unverified
Lead Software Developer
verified
Software Architect
unverified
Partner at BDO Georgia
unverified
George Khmaladze
Chief Financial Officer
unverified
Chief Project Manager
verified
Chief Energy Officer
unverified
Head of Marketing
verified
Nino Lazarashvili
Graphic Designer
unverified
Marketing Strategist
verified
Senior Web Developer
verified
Digital Strategist
unverified
Hosting & Mining Manager
unverified

Advisors

Verified 25%

Attention. There is a risk that unverified members are not actually members of the team

Advisor
verified
Advisor
verified
Miguel Palencia
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisor
Daniel Espaillat
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Advisor
David Kochiashvili
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Software, smart-contract development
Levan Nadiradze
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
We will just scaled existing facility.
New opportunities of next generation of mining based business - Mining , Hosting , Cloud Mining
Mikheil Todua
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Ambit Mining has already built mining infrastructure, which achieved ROI in just 5 months. We believe that we can deliver our promises and share profits with the community.
Revaz Kuparadze
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
An entrepreneur with experience in marketing, advertising, and online research industries. Strategist and advisor in planning/developing marketing campaigns.

This project is a chance for a steady income on a bi-weekly basis. 90% of ICOs will fail, but Mining ICO won't fail, mining is profitable and will be.
Zakro Gogolidze
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Senior Web Developer

Last News

3.61

stable
5.0 9
ICO Profile Vision Activity Potential Product Team
Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

AMBIT

This is a mining operation established in the free economic zone, Tbilisi Georgia, uniting cloud mining and hosting services due to its good track record and experience in running a successful mining operation.

PROS:

  • Transparency: The platform establishes itself as one of the leading operations due to transparency as every variable related to the mining operation is disclosed to the token holders
  • Security: The platform protects the users data and access to the TFZ is restricted to unauthorized  personnel   and also employs additional 24/7 CCTV cameras  to provide  live footage facility
  • Technology: The project employs adequate technology and uses the best mining equipment (ASICs and GPUs) in the market  to install cutting edge  and wiring solutions to optimize the costs and ensure maximum profitability
  • Adequate experience: The platform use is based on extensive use is based on its experience having diversified mining farm in Georgia generating higher profits annually
  • Tax-free: The TFZ is a tax free zone  hence exempted from corporate income tax  and trade in TFZ is VAT free enabling users to easily purchase mining equipment
  • Green electricity: The mining geographical location  promotes its extensive use due to green electricity  and abundance of water hence ensuring low cost and clean electricity at only 5 cents per kW/h
  • The platform has a good network of  an experienced team with relevant skills with the guidance of the CEO and the founder Beka Vashakidize. The other surrounding personnel  also have adequate skills to assist in the project  implementation

CONS:

  • The AMBT is not tradable on the exchanges as it is not compatible with the other crypto currencies and fiat
  • The project construction process requires adequate time as compared to the indicated time in the white paper
  • The platform white paper is  missing more details

SUGGESTIONS:

  • The platform whitepaper should be made detailed  with full information about the platform token to promote the users invest in it
  • The  platform AMBT  token should be made exchangeable with the other crypto currency and fiat
  • The project should be given more time for full implementation

NOTE:

The project enables easy mining and provision of electricity at lower cost however its requires to be launched for to be used widely across the globe, hindering me from investing in it.

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