Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.055USD
STEEM
0.000STEEM
SBD
0.099SBD
Effective Power
5.007SP
├── Own SP
0.126SP
└── Incoming Deleg
+4.882SP

Detailed Balance

STEEM
balance
0.000STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
0.126SP
Delegated Out
0.000SP
Delegation In
4.882SP
Effective Power
5.007SP
Reward SP (pending)
0.040SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.099SBD
{
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "204.288871 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7939.370935 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.099 SBD",
  "conversions": []
}

Account Info

nameax1mining
id781505
rank1,278,658
reputation976899093
created2018-03-02T10:01:48
recovery_accountsteem
proxyNone
post_count9
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-04-22T07:09:57
last_root_post2018-04-10T09:07:18
last_vote_time1970-01-01T00:00:00
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.000 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares204.288871 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares7939.370935 VESTS
reward_vesting_balance81.658633 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update1970-01-01T00:00:00
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 781505,
  "name": "ax1mining",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8hd9gtBYr4iUZoweATR5NSmopCcy1ofXABkGg2B4KnyZym46Lh",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7wHYvSGxXTTkNmy7P85ubxFVkzb7gkPqQfWKeJ9QfaA2Xe2pEy",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7xaHXxcHtFrjobZ2yGq4BD9cUswHFgs29V5A6gWRnen9Mb4EiZ",
        1
      ]
    ]
  },
  "memo_key": "STM6FwrStts2kDrQXFCQ6rGZhcZoy183EezXWzdNCDJSkbAsyhyX8",
  "json_metadata": "{}",
  "posting_json_metadata": "",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "1970-01-01T00:00:00",
  "created": "2018-03-02T10:01:48",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 9,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "8143659806",
    "last_update_time": 1779054372
  },
  "downvote_manabar": {
    "current_mana": 2035914951,
    "last_update_time": 1779054372
  },
  "voting_power": 0,
  "balance": "0.000 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.099 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "81.658633 VESTS",
  "reward_vesting_steem": "0.040 STEEM",
  "vesting_shares": "204.288871 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "7939.370935 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 78,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-04-22T07:09:57",
  "last_root_post": "2018-04-10T09:07:18",
  "last_vote_time": "1970-01-01T00:00:00",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 976899093,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 1278658
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
steemdelegated 4.882 SP to @ax1mining
2026/05/17 21:46:12
delegatorsteem
delegateeax1mining
vesting shares7939.370935 VESTS
Transaction InfoBlock #106140480/Trx 995e6b5c64cf8020bc85815248a5b34e2fb579cc
View Raw JSON Data
{
  "trx_id": "995e6b5c64cf8020bc85815248a5b34e2fb579cc",
  "block": 106140480,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-17T21:46:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "7939.370935 VESTS"
    }
  ]
}
steemdelegated 3.214 SP to @ax1mining
2026/05/11 18:42:33
delegatorsteem
delegateeax1mining
vesting shares5227.160530 VESTS
Transaction InfoBlock #105964787/Trx 9ac3baf1e63830f4b0e36c87a8f27e9b2ab43954
View Raw JSON Data
{
  "trx_id": "9ac3baf1e63830f4b0e36c87a8f27e9b2ab43954",
  "block": 105964787,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-05-11T18:42:33",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "5227.160530 VESTS"
    }
  ]
}
steemdelegated 4.889 SP to @ax1mining
2026/04/25 21:11:03
delegatorsteem
delegateeax1mining
vesting shares7951.886691 VESTS
Transaction InfoBlock #105508205/Trx 01ff6d35548d9e3f1caaed7b2c7465b4b866e0a5
View Raw JSON Data
{
  "trx_id": "01ff6d35548d9e3f1caaed7b2c7465b4b866e0a5",
  "block": 105508205,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-04-25T21:11:03",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "7951.886691 VESTS"
    }
  ]
}
steemdelegated 3.240 SP to @ax1mining
2026/01/23 01:15:00
delegatorsteem
delegateeax1mining
vesting shares5268.707349 VESTS
Transaction InfoBlock #102843969/Trx a078e05d3c16c98d399fb6a4a6dde9016bd87ab6
View Raw JSON Data
{
  "trx_id": "a078e05d3c16c98d399fb6a4a6dde9016bd87ab6",
  "block": 102843969,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2026-01-23T01:15:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "5268.707349 VESTS"
    }
  ]
}
steemdelegated 3.341 SP to @ax1mining
2024/12/16 20:34:48
delegatorsteem
delegateeax1mining
vesting shares5432.926546 VESTS
Transaction InfoBlock #91290384/Trx 9ca8cbcd17bd0fe954517ee349c0e9e677d0c67b
View Raw JSON Data
{
  "trx_id": "9ca8cbcd17bd0fe954517ee349c0e9e677d0c67b",
  "block": 91290384,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2024-12-16T20:34:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "5432.926546 VESTS"
    }
  ]
}
steemdelegated 3.445 SP to @ax1mining
2023/11/13 12:20:42
delegatorsteem
delegateeax1mining
vesting shares5602.060078 VESTS
Transaction InfoBlock #79844664/Trx bdf1ad9c36f0b187cde612651ba7b25c9f6cb017
View Raw JSON Data
{
  "trx_id": "bdf1ad9c36f0b187cde612651ba7b25c9f6cb017",
  "block": 79844664,
  "trx_in_block": 3,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-11-13T12:20:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "5602.060078 VESTS"
    }
  ]
}
steemdelegated 5.251 SP to @ax1mining
2023/09/21 18:56:30
delegatorsteem
delegateeax1mining
vesting shares8539.338864 VESTS
Transaction InfoBlock #78344378/Trx 2ef22814411019689f02cdab8fcd755430d38708
View Raw JSON Data
{
  "trx_id": "2ef22814411019689f02cdab8fcd755430d38708",
  "block": 78344378,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2023-09-21T18:56:30",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "8539.338864 VESTS"
    }
  ]
}
steemdelegated 5.387 SP to @ax1mining
2022/11/03 09:03:39
delegatorsteem
delegateeax1mining
vesting shares8761.020302 VESTS
Transaction InfoBlock #69110103/Trx e8e57131985be7c4d4ee3ffcc430993e1098c16d
View Raw JSON Data
{
  "trx_id": "e8e57131985be7c4d4ee3ffcc430993e1098c16d",
  "block": 69110103,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-11-03T09:03:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "8761.020302 VESTS"
    }
  ]
}
steemdelegated 5.523 SP to @ax1mining
2022/01/17 08:32:36
delegatorsteem
delegateeax1mining
vesting shares8981.553533 VESTS
Transaction InfoBlock #60806537/Trx 71287ebb55afa397fbfccb5153efe9d2fca89eb8
View Raw JSON Data
{
  "trx_id": "71287ebb55afa397fbfccb5153efe9d2fca89eb8",
  "block": 60806537,
  "trx_in_block": 15,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-01-17T08:32:36",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "8981.553533 VESTS"
    }
  ]
}
steemdelegated 5.636 SP to @ax1mining
2021/06/13 22:33:54
delegatorsteem
delegateeax1mining
vesting shares9165.322191 VESTS
Transaction InfoBlock #54605046/Trx c3001634616d8b275614b052e82c2c90efa6bfb1
View Raw JSON Data
{
  "trx_id": "c3001634616d8b275614b052e82c2c90efa6bfb1",
  "block": 54605046,
  "trx_in_block": 12,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2021-06-13T22:33:54",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9165.322191 VESTS"
    }
  ]
}
steemdelegated 5.751 SP to @ax1mining
2020/12/11 08:56:06
delegatorsteem
delegateeax1mining
vesting shares9352.744165 VESTS
Transaction InfoBlock #49352600/Trx d4a85e8acfa3dddaa04993f9fc499c812e290cf9
View Raw JSON Data
{
  "trx_id": "d4a85e8acfa3dddaa04993f9fc499c812e290cf9",
  "block": 49352600,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-11T08:56:06",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9352.744165 VESTS"
    }
  ]
}
steemdelegated 1.176 SP to @ax1mining
2020/12/06 02:33:39
delegatorsteem
delegateeax1mining
vesting shares1912.543513 VESTS
Transaction InfoBlock #49204170/Trx df3f039779aaaef1a4b934d500435bea59ae72ad
View Raw JSON Data
{
  "trx_id": "df3f039779aaaef1a4b934d500435bea59ae72ad",
  "block": 49204170,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-12-06T02:33:39",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "1912.543513 VESTS"
    }
  ]
}
steemdelegated 5.761 SP to @ax1mining
2020/11/25 16:34:00
delegatorsteem
delegateeax1mining
vesting shares9369.870782 VESTS
Transaction InfoBlock #48908595/Trx 650008815bc03d52dd6ab7a82100320a780d7f29
View Raw JSON Data
{
  "trx_id": "650008815bc03d52dd6ab7a82100320a780d7f29",
  "block": 48908595,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-11-25T16:34:00",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9369.870782 VESTS"
    }
  ]
}
steemdelegated 5.879 SP to @ax1mining
2020/05/09 03:28:27
delegatorsteem
delegateeax1mining
vesting shares9561.757378 VESTS
Transaction InfoBlock #43214380/Trx 6147009e693619fdef7583ad273290f6d8bafff3
View Raw JSON Data
{
  "trx_id": "6147009e693619fdef7583ad273290f6d8bafff3",
  "block": 43214380,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-09T03:28:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9561.757378 VESTS"
    }
  ]
}
steemdelegated 1.201 SP to @ax1mining
2020/05/08 06:44:27
delegatorsteem
delegateeax1mining
vesting shares1953.311140 VESTS
Transaction InfoBlock #43190083/Trx 69c716fb1fb5da5eea54cadd9379d8b0591cb9dd
View Raw JSON Data
{
  "trx_id": "69c716fb1fb5da5eea54cadd9379d8b0591cb9dd",
  "block": 43190083,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T06:44:27",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "1953.311140 VESTS"
    }
  ]
}
steemdelegated 5.986 SP to @ax1mining
2019/07/11 03:26:18
delegatorsteem
delegateeax1mining
vesting shares9735.750486 VESTS
Transaction InfoBlock #34557669/Trx 0fe35a2402f3f5b3638b09ee94e319bae9e86765
View Raw JSON Data
{
  "trx_id": "0fe35a2402f3f5b3638b09ee94e319bae9e86765",
  "block": 34557669,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-11T03:26:18",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9735.750486 VESTS"
    }
  ]
}
2019/03/02 11:01:03
parent authorax1mining
parent permlinkax1-the-opportunity-and-the-solution
authorsteemitboard
permlinksteemitboard-notify-ax1mining-20190302t110102000z
title
bodyCongratulations @ax1mining! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ax1mining/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_[Click here to view your Board](https://steemitboard.com/@ax1mining)_</sub> **Do not miss the last post from @steemitboard:** <table><tr><td><a href="https://steemit.com/carnival/@steemitboard/carnival-2019"><img src="https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png"></a></td><td><a href="https://steemit.com/carnival/@steemitboard/carnival-2019">Carnival Challenge - Collect badge and win 5 STEEM</a></td></tr></table> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) and get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #30798856/Trx e07f4820681c02e55763220cc71166c55736670a
View Raw JSON Data
{
  "trx_id": "e07f4820681c02e55763220cc71166c55736670a",
  "block": 30798856,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-02T11:01:03",
  "op": [
    "comment",
    {
      "parent_author": "ax1mining",
      "parent_permlink": "ax1-the-opportunity-and-the-solution",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-ax1mining-20190302t110102000z",
      "title": "",
      "body": "Congratulations @ax1mining! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@ax1mining/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@ax1mining)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-2019\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png\"></a></td><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-2019\">Carnival Challenge - Collect badge and win 5 STEEM</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) and get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
steemdelegated 6.109 SP to @ax1mining
2018/07/22 07:43:48
delegatorsteem
delegateeax1mining
vesting shares9934.591699 VESTS
Transaction InfoBlock #24392954/Trx 3ca6dfe733e89080c9641e3f5b4a0db06108ec8d
View Raw JSON Data
{
  "trx_id": "3ca6dfe733e89080c9641e3f5b4a0db06108ec8d",
  "block": 24392954,
  "trx_in_block": 24,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-07-22T07:43:48",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "ax1mining",
      "vesting_shares": "9934.591699 VESTS"
    }
  ]
}
steemdelegated 18.592 SP to @ax1mining
2018/07/07 15:49:03
delegatorsteem
delegateeax1mining
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2018/05/01 20:25:36
parent authorax1mining
parent permlinkax1-the-opportunity-and-the-solution
authorridertiger
permlinkre-ax1mining-ax1-the-opportunity-and-the-solution-20180501t202535185z
title
bodyThis is great. I will try to write an article. Follow me back please.
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2018/04/22 07:09:57
parent authorpalladio02
parent permlinkax1-budushee-v-dobyche-kriptovalyuty
authorax1mining
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2018/04/22 07:09:12
parent authoryisechka
parent permlinkax1-luchshaya-investiciya-2018-goda
authorax1mining
permlinkre-yisechka-ax1-luchshaya-investiciya-2018-goda-20180422t070913399z
title
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2018/04/14 09:35:39
authorax1mining
permlinkax1-launches-capital-appreciation-token-crowdsale-starts-16th-april
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2018/04/10 11:06:45
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2018/04/10 09:32:15
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authorax1mining
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2018/04/10 09:07:18
parent author
parent permlinkbitcoin
authorax1mining
permlinkax1-the-opportunity-and-the-solution
titleAX1 — The opportunity and the solution
body![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png) The Opportunity As time has passed, more and more people have got involved in crypto mining. With increasing numbers of miners attempting to solve theproblems each day, it would follow that the hashes of blocks are being calculated at increasingly faster rates. To avoid things spinning out of control, the community agrees to increase the difficulty of the problem miners need to solve to ensure the consistency of the block generation. Due to the complexity of the problems, it is now almostimpossible to mine profitably from home using standard computer equipment. However, there is still a great deal of profit to be made for those who can access the right equipment, suitably managed, cooled and administered. People looking to mine cryptocurrencies in the near future are likely to be much more successful if they have access to a centralised mining pool that is built to withstand this increasing complexity of the block solution. The Solution With AX1, we are offering token holders thechance to participate in a managed mining operation and enjoy capital appreciation via contractually guaranteed economic rights in the portfolio of mined coins. After deduction of any costs and liabilities incurred by the issuer, at least fifty percent of the value of the mined coins will be placed in a segregated account in order to assetback the AX1 Tokens. This represents a real, contractual, substantive and auditable value guarantee and is a key strength of this offer in addition to the other attributes of the AX1 Tokens discussed elsewhere. Under this arrangement, the Issuer will have NO further entitlement to withdraw, or otherwise use for any purpose of the issuer, ANY of the assets of this segregated account: its value therefore provides a solid basis for the perpetual assetbacking of the AX1 token and peace of mind to AX1 token holders that the Tokens are a true and verifiable store of value. The assets held in the segregated account, though off limits to the Issuer will not just languish, however, but continue to be advised upon by the Investment Advisory committee and therefore could be deployed in Proof of Stake activities and or by being traded as part of exchange operations to the increased value of the token holders. The segregated account will even be audited on a quarterly basis to provide yet more confidence to token holders with the results posted onto our online portal for review. Jersey Regulatory Treatment of the Issuer In order to give prospective ICO investors a degree of protection and comfort that may not be available in many other jurisdictions,and being mindful of the guiding principles pursuant to which the Jersey Financial Services Commission (the “JFSC”) discharges its functions as the Island’s financial services regulator (the “Guiding Principles”) which are to have regard to: • the reduction of the risk to the public of financial loss due to dishonesty, incompetence, malpractice or the financial unsoundness of financial service providers; • the protection and enhancement of Jersey’s reputation and integrity in commercial and financial matters; • the best economic interests of Jersey; and • the need to counter financial crime both in Jersey and elsewhere, The JFSC has required AX1 Limited (the “Issuer”) to obtain a consent from the JFSC under the Control of Borrowing (Jersey) Order 1958 for the issue of tokens pursuant to the ICO (a “COBO Consent”). The COBO Consent imposes on the Issuer certain requirements which reflect the Guiding Principles, including to: • appoint and maintain a Jersey resident director on the board of the Issuer; • appoint a Jersey administrator licensed by the JFSC under the Financial Services (Jersey) Law 1998 to act as administrator to the Issuer; • obtain the JFSC’s prior approval to any change either to the Issuer’s administrator or the Jersey resident director of the Issuer; • prepare and file annual audited accounts with the Jersey Companies Registry; • acknowledge that ICOs are a “sensitive activity” falling within the JFSC’s Sound Business Practice Policy. Accordingly, the Issuer must maintain and adopt systems, controls, policies and procedures for the customer take-on, profiling and transaction monitoring at enhanced levels ensuring reporting of suspicions of money-laundering and financing of terrorism activity; • prepare and submit to the JFSC for its approval an Information Memorandum which complies with certain content requirements required of a prospectus issued by a company under the Companies (Jersey) Law 1991; and • include in any marketing material (including the Information Memorandum) certain prescribed consumer warnings.
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      "title": "AX1 — The opportunity and the solution",
      "body": "![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png)\nThe Opportunity\n\nAs time has passed, more and more people have got involved in crypto mining. With increasing numbers of miners attempting to solve theproblems each day, it would follow that the hashes of blocks are being calculated at increasingly faster rates. To avoid things spinning out of control, the community agrees to increase the difficulty of the problem miners need to solve to ensure the consistency of the block generation.\nDue to the complexity of the problems, it is now almostimpossible to mine profitably from home using standard computer equipment. However, there is still a great deal of profit to be made for those who can access the right equipment, suitably managed, cooled and administered. People looking to mine cryptocurrencies in the near future are likely to be much more successful if they have access to a centralised mining pool that is built to withstand this increasing complexity of the block solution.\n\nThe Solution\n\nWith AX1, we are offering token holders thechance to participate in a managed mining operation and enjoy capital appreciation via contractually guaranteed economic rights in the portfolio of mined coins. After deduction of any costs and liabilities incurred by the issuer, at least fifty percent of the value of the mined coins will be placed in a segregated account in order to assetback the AX1 Tokens. This represents a real, contractual, substantive and auditable value guarantee and is a key strength of this offer in addition to the other attributes of the AX1 Tokens discussed elsewhere. Under this arrangement, the Issuer will have NO further entitlement to withdraw, or otherwise use for any purpose of the issuer, ANY of the assets of this segregated account: its value therefore provides a solid basis for the perpetual assetbacking of the AX1 token and peace of mind to AX1 token holders that the Tokens are a true and verifiable store of value. The assets held in the segregated account, though off limits to the Issuer will not just languish, however, but continue to be advised upon by the Investment Advisory committee and therefore could be deployed in Proof of Stake activities and or by being traded as part of exchange operations to the increased value of the token holders. The segregated account will even be audited on a quarterly basis to provide yet more confidence to token holders with the results posted onto our online portal for review.\n\nJersey Regulatory Treatment of the Issuer\n\nIn order to give prospective ICO investors a degree of protection and comfort that may not be available in many other jurisdictions,and being mindful of the guiding principles pursuant to which the Jersey Financial Services Commission (the\n“JFSC”) discharges its functions as the Island’s financial services regulator (the “Guiding Principles”) which are to have regard to:\n\n• the reduction of the risk to the public of financial loss due to dishonesty, incompetence, malpractice or the financial unsoundness of financial service providers;\n• the protection and enhancement of Jersey’s reputation and integrity in commercial and financial matters;\n• the best economic interests of Jersey; and\n• the need to counter financial crime both in Jersey and elsewhere,\n\nThe JFSC has required AX1 Limited (the “Issuer”) to obtain a consent from the JFSC under the Control of Borrowing (Jersey) Order 1958 for the issue of tokens pursuant to the ICO (a “COBO Consent”).\nThe COBO Consent imposes on the Issuer certain requirements which reflect the Guiding Principles, including to:\n\n• appoint and maintain a Jersey resident director on the board of the Issuer;\n• appoint a Jersey administrator licensed by the JFSC under the Financial Services (Jersey) Law 1998 to act as administrator to the Issuer;\n• obtain the JFSC’s prior approval to any change either to the Issuer’s administrator or the Jersey resident director of the Issuer;\n• prepare and file annual audited accounts with the Jersey Companies Registry;\n• acknowledge that ICOs are a “sensitive activity” falling within the JFSC’s Sound Business Practice Policy.\nAccordingly, the Issuer must maintain and adopt systems, controls, policies and procedures for the customer take-on, profiling and transaction monitoring at enhanced levels ensuring reporting of suspicions of money-laundering and financing of terrorism activity;\n• prepare and submit to the JFSC for its approval an Information Memorandum which complies with certain content requirements required of a prospectus issued by a company under the Companies (Jersey) Law 1991; and\n• include in any marketing material (including the Information Memorandum) certain prescribed consumer warnings.",
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2018/04/07 10:02:57
voterdavidfnck
authorax1mining
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2018/04/07 09:35:57
parent authorax1mining
parent permlinkax1-launches-capital-appreciation-token-crowdsale-starts-16th-april
authorcheetah
permlinkcheetah-re-ax1miningax1-launches-capital-appreciation-token-crowdsale-starts-16th-april
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://www.financemagnates.com/thought-leadership/thought-leadershipax1-launches-capital-appreciation-token-looking-to-disrupt-crypto-trading/
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2018/04/07 09:35:51
votercheetah
authorax1mining
permlinkax1-launches-capital-appreciation-token-crowdsale-starts-16th-april
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2018/04/07 09:35:39
parent author
parent permlinkbitcoin
authorax1mining
permlinkax1-launches-capital-appreciation-token-crowdsale-starts-16th-april
titleAX1 Launches capital appreciation token - crowdsale starts 16th April
body![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png) AX1 is launching a capital appreciation token that enables holders to benefit from the large-scale mining of various leading cryptocurrencies. AX1 is a British Isles-based tech start-up company founded by an experienced team spanning multiple disciplines within the finance and technology sectors. Its intention with the AX1 ICO was to open up the cryptocurrency market to investors with no technical knowledge as well as those already familiar with it. The company has secured the use of two entire floors in a state-of-the-art data centre in Manchester, UK, and retains an option to construct additional purpose-built premises in the north of England for enterprise level mining operations. AX1 has already raised sufficient funding to achieve its soft cap through a private pre-sale agreement. This funding will be used for the purchase of data rigs and associated core operations of AX1. All contributions raised through the ICO will therefore be used entirely for growth purposes rather than start-up costs. The company has established a team of investment, legal, accounting and cryptocurrency professionals to advise the AX1 board on which cryptocurrencies to mine at any given time. Stuart Anderson, CEO of AX1, said: “Many ordinary investors were watching perplexed from the sidelines last year when they saw such activity with Bitcoin and other currencies. “We believed the cryptocurrency market could offer a much better – and potentially more fruitful - way for those people to get involved who did not necessarily have the same level of technical knowledge that most crypto investors had. “The AX1 ICO represents months of hard work, so we are delighted to be launching. We look forward to welcoming a new breed of investors to the cryptocurrency world.” “We chose to launch the AX1 ICO using a Jersey company because of the sophisticated regulatory approach of the jurisdiction. Anyone issuing an ICO through a Jersey company will require a specific consent from the Jersey Companies Registry, part of the Jersey Financial Services Commission. Whilst this consent does not give the ICO a ‘regulated’ status, it is bespoke to the ICO in question, and mandates an additional set of conditions designed to ensure continued high standards of governance, investor disclosure and AML/CFT compliance.” Mark Shaw, technical director for AX1, said: “We’re confident that our ICO will bring something new to the market from day one. We are also convinced that industrial-scale mining will dominate the field within a few years, meaning our investment in the equipment and premises to house such an operation will place AX1 in an excellent position for the future.” Subscribe at https://ax1.io https://bitcointalk.org/index.php?topic=3258496.0 CONSUMER RISK WARNINGS: Neither the ICO nor the issuer of the ICO is regulated by the Jersey Financial Services Commission. ICOs are a highly speculative form of investment and are not subject to existing capital market regulations. Investors should be prepared for the possibility of losing their investment completely. For full consumer and investor risk warnings please see the Information Memorandum Click here for the JFSC’s public statement on ICOs
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      "body": "![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png)\nAX1 is launching a capital appreciation token that enables holders to benefit from the large-scale mining of various leading cryptocurrencies.  \n\nAX1 is a British Isles-based tech start-up company founded by an experienced team spanning multiple disciplines within the finance and technology sectors.\n\nIts intention with the AX1 ICO was to open up the cryptocurrency market to investors with no technical knowledge as well as those already familiar with it.\n\nThe company has secured the use of two entire floors in a state-of-the-art data centre in Manchester, UK, and retains an option to construct additional purpose-built premises in the north of England for enterprise level mining operations.\n\nAX1 has already raised sufficient funding to achieve its soft cap through a private pre-sale agreement. This funding will be used for the purchase of data rigs and associated core operations of AX1. \n\nAll contributions raised through the ICO will therefore be used entirely for growth purposes rather than start-up costs.\n\nThe company has established a team of investment, legal, accounting and cryptocurrency professionals to advise the AX1 board on which cryptocurrencies to mine at any given time.\n\nStuart Anderson, CEO of AX1, said: “Many ordinary investors were watching perplexed from the sidelines last year when they saw such activity with Bitcoin and other currencies. \n\n“We believed the cryptocurrency market could offer a much better – and potentially more fruitful - way for those people to get involved who did not necessarily have the same level of technical knowledge that most crypto investors had.\n\n“The AX1 ICO represents months of hard work, so we are delighted to be launching. We look forward to welcoming a new breed of investors to the cryptocurrency world.”\n\n“We chose to launch the AX1 ICO using a Jersey company because of the sophisticated regulatory approach of the jurisdiction.  Anyone issuing an ICO through a Jersey company will require a specific consent from the Jersey Companies Registry, part of the Jersey Financial Services Commission.  Whilst this consent does not give the ICO a ‘regulated’ status, it is bespoke to the ICO in question, and mandates an additional set of conditions designed to ensure continued high standards of governance, investor disclosure and AML/CFT compliance.”  \n  \nMark Shaw, technical director for AX1, said: “We’re confident that our ICO will bring something new to the market from day one. We are also convinced that industrial-scale mining will dominate the field within a few years, meaning our investment in the equipment and premises to house such an operation will place AX1 in an excellent position for the future.” \n\nSubscribe at https://ax1.io\n\nhttps://bitcointalk.org/index.php?topic=3258496.0\n\nCONSUMER RISK WARNINGS:\n\nNeither the ICO nor the issuer of the ICO is regulated by the Jersey Financial Services Commission.\nICOs are a highly speculative form of investment and are not subject to existing capital market regulations.\nInvestors should be prepared for the possibility of losing their investment completely.\nFor full consumer and investor risk warnings please see the Information Memorandum \nClick here for the JFSC’s public statement on ICOs",
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2018/03/14 09:25:24
parent authorax1mining
parent permlinkax1-s-smart-contract-audit
authoripostbtcprice
permlinkre-ax1-s-smart-contract-audit-20180314t092523
title
bodyFor future viewers: price of bitcoin at the moment of posting is 9044.21USD
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2018/03/14 09:25:18
parent author
parent permlinkbitcoin
authorax1mining
permlinkax1-s-smart-contract-audit
titleAX1’s Smart Contract Audit
bodyhttps://steemitimages.com/DQmPixTuRqYVy16BXTAw7kJRTJzZdavaS5oQeQrFRaR2GYT/Screen%20Shot%202018-03-14%20at%2008.41.46.png AX1’s smart contract audit has now been completed — AX1 believes investor security is foremost so we are ensuring our code works the way it is intended to by undertaking a smart contract audit conducted by BigBreak101 BigBreak101 are a Los Angeles based firm consisting of experts in crypto currencies, ICOs, smart contracts and blockchain technology who have been working with blockchain since 2010 and were among the first bitcoin miners. BigBreak101’s overall assessment was that whilst the logic was complicated the smart contract was well written. To view the full report and the smart contract please see the link below: http://bigbreak101.com/2018/03/13/audit-report-ax1-io/ Now that the smart contract has been audited we are moving onto our next security test the penetration test for AX1.io and we will publish the results of this shortly. For more information about AX1 and to subsribe to updates to be the first to read our whiteaper please got to https://ax1.io
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ax1miningreceived 0.087 SBD, 0.043 SP author reward for @ax1mining / an-introduction-to-cryptocurrency-mining
2018/03/10 12:50:00
authorax1mining
permlinkan-introduction-to-cryptocurrency-mining
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vesting payout69.428930 VESTS
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2018/03/03 14:16:27
parent authorabhinavramesh12
parent permlinkre-ax1mining-an-introduction-to-cryptocurrency-mining-20180303t140301207z
authorax1mining
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title
bodythank you and thanks for the feedback on the formatting i will make sure i do this for AX1's next post
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      "body": "thank you and thanks for the feedback on the formatting i will make sure i do this for AX1's next post",
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2018/03/03 14:03:09
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parent permlinkan-introduction-to-cryptocurrency-mining
authorabhinavramesh12
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bodyGood explanation, a bit of formatting would be helpful. Thanks for sharing anyway
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      "body": "Good explanation, a bit of formatting would be helpful. Thanks for sharing anyway",
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2018/03/03 13:20:30
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2018/03/03 12:50:24
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2018/03/03 12:50:00
parent author
parent permlinkinitialcoinoffering
authorax1mining
permlinkan-introduction-to-cryptocurrency-mining
titleAn introduction to Cryptocurrency Mining
bodyTo explain the mining process of the cryptocurrency industry, we must first understand the basics of how blockchain technology works. Unlike fiat currencies, Bitcoin, the leading cryptocurrency, does not use a centralised bank or organisation to manage its ledger of transactions. Instead, it relies solely upon a decentralised ledger. This ledger is commonly referred to as the blockchain. Being decentralised, one might assume that this would pose a security risk. But this is not the case — partly because of mining. Mining is a central part of the success of the blockchain process, as well as providing a second layer of security in the form of validation of every transaction, hat takes place. Because cryptocurrencies are decentralised, no central server exists to log each transaction. Yet, without lots of computing power, the ledger could not operate. Instead, the cryptocurrencies rely on the combined power of many computers across the globe. In return for lending their computers to the common cause, users (the miners) are incentivised with a reward system, whereby they could earn payment if they are able to validate transactions and solve a computationally difficult problem before any of the other miners. Most blockchains use a Proof of Work (PoW) process to ensure that each block, or transaction, is legitimate. The validation is carried out by a ‘miner’, the miners verify each transaction using the previous balance of the users in the existing blockchain. Once validated the miner attempts to add the validated transactions to the blockchain, when they have a certain amount of transactions in a block they then work to hash this block. The miner must prove he has solved a certain computationally difficult problem, (this problem is designed to take an average computer years to solve) miners compete to solve the problem and the first miner to provide the hash then adds the block to the chain. When the problem is solved, the transaction is processed and a block reward is released which pays the miner. The block reward varies dependent on the cryptocurrency. At the time of writing the block reward for Bitcoin is 12.5 BTC You may think that handing out “free” coins would diminish the value of the coins. Bitcoin, though, has solved this problem by deciding to cap the number of coins in circulation at 21 million. When all the bitcoins are in circulation, the miners may then receive their income from transaction fees rather than new coins. A transaction fee system is already the preferred method of payment for some other blockchains, such as Ethereum, rather than introducing new coins. AX1 is creating a mining pool, which is a network of computers in our data centre. The collective processing power of this will enable a larger chance of solving the hashing problem first and will thus increase the chances of the AX1 community reaping greater rewards. To find out more about AX1 and subscribe to updates visit https://ax1.io![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png)
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2018/03/02 11:53:51
voterlipochka
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2018/03/02 11:34:06
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steemdelegated 18.716 SP to @ax1mining
2018/03/02 11:32:36
delegatorsteem
delegateeax1mining
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2018/03/02 10:46:51
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2018/03/02 10:44:06
parent authorcryptoissweet
parent permlinkre-ax1mining-ax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk-1519986970250t65b3fc99-3081-48d9-a010-54a11c954616uid
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bodyBitcoin will recover by midyear to its previous heights with the rest of the cyryptomarkets to rebound by the end of march
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2018/03/02 10:36:09
parent authorax1mining
parent permlinkax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk
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bodyCool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)
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      "body": "Cool Post. Since you got the bitcoin tag do you have a prediction for Bitcoin over the next few days? Also followed you for future posts :)",
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2018/03/02 10:34:39
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2018/03/02 10:04:15
parent authorax1mining
parent permlinkax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk
authorcheetah
permlinkcheetah-re-ax1miningax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk
title
bodyHi! I am a robot. I just upvoted you! I found similar content that readers might be interested in: https://medium.com/@support_98049/introducing-ax1-mining-get-into-crypto-in-a-meaningful-way-in-multiple-currencies-91aab7f56798
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@support_98049/introducing-ax1-mining-get-into-crypto-in-a-meaningful-way-in-multiple-currencies-91aab7f56798",
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2018/03/02 10:04:12
votercheetah
authorax1mining
permlinkax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk
weight8 (0.08%)
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2018/03/02 10:04:00
parent author
parent permlinkcryptocurrency
authorax1mining
permlinkax1-mining-a-capital-appreciation-mining-token-based-in-manchester-uk
titleAX1 Mining - A capital Appreciation mining token based in Manchester, UK
body![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png)The concept of AX1 is to give token holders the chance to profit from the mining of various cryptocurrencies without the need for any technical knowledge. AX1 token holders are effectively buying a stake in a centralised mining pool, managed from a state-of-the-art data centre. The rewards from the mining activity will be accumulated within the pool which, in turn, will increase the value of the AX1 mining token itself. The value of the AX1 tokens will be further elevated through the following growth opportunities: 1. POW vs POS 2. Forward selling 3. Secondary market 4. Mined coin portfolio 5. Growth of the cryptocurrency market cap AX1 is very much targeted not only at those who already know the cryptocurrency world but also those people who may have watched Bitcoin’s meteoric rise in price in 2017 and are now perhaps kicking themselves for missing out. Of course, many of those who have missed out would now probably be reluctant to pay over $15000 for one Bitcoin. But with the AX1, token holders will get to hold Bitcoins and other altcoins and benefit from any further price increase without having to buy them. Newcomers to the world of cryptocurrencies should get a good impression of what we set out to achieve with AX1 and how we have in fact achieved those aims. AX1 Concept We wanted to do something more than launch just another token that distributed mined coins. Instead, we wanted that mining pool to actually help create long-term capital value for the token itself. Mining Adaptability Many current mining operations spend huge amounts of money on hardware, in many cases that hardware is not very adaptable between coins. We wanted to avoid this as far as possible as we would rather mine coins more likely to increase in value than less likely to increase in value for the same net cost. The ability (within the obvious constraints of current technological possibility) to switch our rigs from mining one coin to another at short notice as directed by the Strategic Advisory Committee (more below) is a key consideration in our overall plan. Avoiding over-concentration risk This factor is closely connected to mining adaptability. When analysing many of the current mining operations that have been established for some time, we observed that in many cases the operations were too focused on one particular coin. We wanted to avoid this and instead mine several coins, from day one.. The layout of our data centre building lends itself very well to this as we can easily demarcate our miners by coin, even down to individual bays. With planning permission already approved for a second site, AX1 will build an additional structure that will also facilitate the above. Research & Development Concentrating absolutely all resources on today’s mining operation only makes sense in a totally static mining space: one in which coins never deplete and the diffi culty of mining them never increases. We know, of course, that no such mining space actually exists. We also know that in order for our token to be the best token in this category, we will need to constantly innovate and adapt our operation to keep up with both new technology and the dynamics of what coin to mine. To this end we are placing a major focus on R&D so that we can be sure we are the leaders when it comes to fi nding new avenues of profi t. Operational scalability The whole project has been designed from inception with scalability in mind. The target amount to commence work on the second site in England is $10 million and when this amount is reached, work will commence on the second site and funds deployed to fi t out this custom-built mining centre. Planning permission has already been approved for the second site. If the crowdsale raises more than can be deployed on these two sites, the issuer already has commitment for use of space in an existing operation in Canada and is in discussion over precise terms — this will be operationally integrated with, and controlled by, the base site in Manchester. We believe that we have created a Token that offers real tangible advantages to token holders — one that will ensure long term value and capital appreciation. Watch out for AX1’s whitepaper which will be being published shortly. Subscribe to our mailing list https://ax1.io
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      "title": "AX1 Mining - A capital Appreciation mining token based in Manchester, UK",
      "body": "![Meta image 1024.png](https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png)The concept of AX1 is to give token holders the chance to profit from the mining of various cryptocurrencies without the need for any technical knowledge. AX1 token holders are effectively buying a stake in a centralised mining pool, managed from a state-of-the-art data centre. The rewards from the mining activity will be accumulated within the pool which, in turn, will increase the value of the AX1 mining token itself. The value of the AX1 tokens will be further elevated through the following growth opportunities:\n1. POW vs POS\n2. Forward selling\n3. Secondary market\n4. Mined coin portfolio\n5. Growth of the cryptocurrency market cap\nAX1 is very much targeted not only at those who already know the cryptocurrency world but also those people who may have watched Bitcoin’s meteoric rise in price in 2017 and are now perhaps kicking themselves for missing out.\nOf course, many of those who have missed out would now probably be reluctant to pay over $15000 for one Bitcoin. But with the AX1, token holders will get to hold Bitcoins and other altcoins and benefit from any further price increase without having to buy them.\nNewcomers to the world of cryptocurrencies should get a good impression of what we set out to achieve with AX1 and how we have in fact achieved those aims.\nAX1 Concept\nWe wanted to do something more than launch just another token that distributed mined coins. Instead, we wanted that mining pool to actually help create long-term capital value for the token itself.\nMining Adaptability\nMany current mining operations spend huge amounts of money on hardware, in many cases that hardware is not very adaptable between coins. We wanted to avoid this as far as possible as we would rather mine coins more likely to increase in value than less likely to increase in value for the same net cost. The ability (within the obvious constraints of current technological possibility) to switch our rigs from mining one coin to another at short notice as directed by the Strategic Advisory Committee (more below) is a key consideration in our overall plan.\nAvoiding over-concentration risk\nThis factor is closely connected to mining adaptability. When analysing many of the current mining operations that have been established for some time, we observed that in many cases the operations were too focused on one particular coin. We wanted to avoid this and instead mine several coins, from day one.. The layout of our data centre building lends itself very well to this as we can easily demarcate our miners by coin, even down to individual bays. With planning permission already approved for a second site, AX1 will build an additional structure that will also facilitate the above.\nResearch & Development\nConcentrating absolutely all resources on today’s mining operation only makes sense in a totally static mining space: one in which coins never deplete and the diffi culty of mining them never increases. We know, of course, that no such mining space actually exists. We also know that in order for our token to be the best token in this category, we will need to constantly innovate and adapt our operation to keep up with both new technology and the dynamics of what coin to mine. To this end we are placing a major focus on R&D so that we can be sure we are the leaders when it comes to fi nding new avenues of profi t.\nOperational scalability\nThe whole project has been designed from inception with scalability in mind. The target amount to commence work on the second site in England is $10 million and when this amount is reached, work will commence on the second site and funds deployed to fi t out this custom-built mining centre. Planning permission has already been approved for the second site. If the crowdsale raises more than can be deployed on these two sites, the issuer already has commitment for use of space in an existing operation in Canada and is in discussion over precise terms — this will be operationally integrated with, and controlled by, the base site in Manchester.\nWe believe that we have created a Token that offers real tangible advantages to token holders — one that will ensure long term value and capital appreciation.\nWatch out for AX1’s whitepaper which will be being published shortly. Subscribe to our mailing list https://ax1.io",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"bitcoin\",\"ethereum\",\"ico\",\"mining\"],\"image\":[\"https://steemitimages.com/DQmdvhfTX6fPtaGLGDBtBdqTUWRtGzcTjgdJprKDwzvqRme/Meta%20image%201024.png\"],\"links\":[\"https://ax1.io\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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steemcreated a new account: @ax1mining
2018/03/02 10:01:48
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Account Metadata

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Auth Keys

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Witness Votes

0 / 30
No active witness votes.
[]