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Frequently Asked Questions
There are many variables. For this exercise, let's assume every dollar that's raised is used to purchase 1000 machines (there could be way more machines purchased.) 1.6 million in total cost & capital raised in presale / $500 per revenue allocation = 3200 Allocations. 3200 Allocations / $270,000 in revenue per month (Thats $9 per miner, per day at 0.02 cents per kWh) = $80 per month per $500 allocation. It's very difficult to speculate how many NFT's there will be. With this forecast, platinum NFT's will earn $800 in BTC per month.)
The power grid reliability is flawless in the north of Buenos Aires. That’s where the main concentration of industry is (and where our plant is.) Buenos Aires has a tons of plants with highly reinforced industrial power grids. The Ford motor company, Coca Cola bottling, Mercedes, Renault, ect are all there. In the south of Buenos Aires is different as that’s where a lot of the government subsidized residential electricity is being fed. They get some outages once in a blue moon when it’s record breaking heat. Argentina has an abundance of natural resources. We have all the energy we could use. The issue is that most of the power is given away due to the economy and there being subsidies. when you take a BTC mining operation that is going to use an extreme amount of power and pay for that consistently, they really rolled out the red carpet for us.
Does FAMCO ever foresee a BTC price where the miners as it’s no longer profitable? For example, if BTC came back down to 10k.
Due to the low electricity costs and all the benefits from the natural resources of Buenos Aires, if BTC was to retract back down to 10k, FAMCO still would be profiting approximately 100k a month.