I've always wondered about projects that offer "cloud mining" with the many failures in 2017 and early 2018 it's a wonder that anyone is considering a mining operation at this point. The general consensus is that crypto is in a bear market trend and because of that mining is a moot point. But considering theirs still 50-60 MILLION terahash of computing power be dedicated to bitcoin alone, shows that a lot of someones out there know the truth. Mining is profitable if you know how to do it right. Yes I wrote that correctly 50-60 million terahash, it's an insane number 50,000,000,000,000,000,000 hashes every second are calculated for bitcoin!
My main concern with crypto cloud mining always has been and remains legitimacy, not profitability. The thing is if you're into mining for the long term even if it were to not be fiat profitable as the market rebounds, the held crypto will be worth more, in a lot of ways its a hedge on the future of cryptocurrency. Most people are pretty confident that bitcoin will be profitable for a long time to come, even in the bear market, it seems to have found it's floor. That's why legitimacy continues to be my main concern. Something that I believe Securix has put a lot of effort into trying to prove by being above board, so far, at every turn. From walkthrough videos of the location, they will be operating from, to pictures of their executive touring the facility.
There's always a risk in any investment, crypto especially due to the volatility and rampant abuse from project teams. So all we can really do is take our time and assess opportunities as they arise. Look for red flags and explanations and judge for each and every one of ourselves on how we feel a project stands to survive. Myself the openness and discussions I've had with the Securix team on their telegram, leave me feeling concerned at the moment. I still hope for continued updates, and more, always more information from the team. What has me excited for Securix is the fact the team has so far delivered, as I've said from videos and pictures, and a promise for progress pictures as they upgrade the power for the location, and even in the new year as the mining hardware arrives, we've got open promises from the team to continue to post progress updates and pictures as the plant develops and grows.
This inside look into a cloud operation gives a sense of legitimacy that I find from past "cloud" mining operations was lacking, even the biggest cloud mining groups have been reluctant to show their operations or give looks inside the facilities. Meanwhile Securix, whenever I've talked to the team on Telegram, has remained very open to what may come in the future and how the team can better give peace of mind to investors. A big announcement from the team when they clarified that the return to investors would be from gross revenue not net revenue was a huge announcement that shows the team is truly trying to be different from those that came before them. With a focus on giving back to the investors in a way not seen before.
In addition unlike so many projects that offered mining before, Securix isn't going to be some random website you send money to and it disappears, your purchase results in you being issued tokens that represent your hashing power and dividend returns that they represent each month starting in early 2019. By having an openly tradeable token as a representation of the hash power, this allows for open exchanges and speculation on the hash power to play into the valuation of the tokens even beyond just the dividend return. Imagine trading tokens based on hash power returns, and speculating what that hash power will be worth in the coming weeks/months and buying and selling based on that dividend return expectation, it's a whole new level/style of speculative trading they are opening up.
For more information definitely head over to the teams website to read more, and check out their whitepaper as well.
