Real BTC/alt coin hash power you can own a membership of, not a POOL, somehwere, Own something right here in the USA

Hello,

I wanted to share with everyone this caterpillar of an idea. 803 Mine is a USA based mining project starting up funding to build a 100 million dollar mine.It will stand up for Hashing power on the network here in the US. With the rate at which BTC and all its younger brothers and cousins moving steadily moved upward the value of real Hashing power, real machines based in the United States will only become more valuable, and vitally important to provide network decentralization.As other countries around the world adopt and invest into the infrastructure to run the networks and create blocks,coins and change there worlds, providing the basic functions of these networks of Coins ( which we all so bravely believe in, if we only new) must be backed by our commitment to building actual networking power, actual Hash! The future will hold many many amazing things, understanding where they come from is the key to success in that future. Knowing that learning is constant and change is always and Knowledge is power, peace is happiness, but foresight.....

https://www.803mine.com/

Support this group effort to generate a lasting investment into crypto currencies, a real physical presences on the block chains of tomorrow. Help keep these space decentralized by bringing another American Mine online!

From there current website, I understand they will have a new one up once this part of the presale is over. Here is a Q/A:

What is the 803 Mine Project?

The 803 Mine Project is the creation of a closed-end fund, "The Mining Fund" and "803 Mine". By harnessing cheap and efficient energy, we will scale cryptocurrency mining to levels unparalleled in the United States by building the largest production facility on American soil - The 803 Mine.

Built on a Ethereum smart contract, token owners will be able to subscribe to the 803 Mine's income stream. With real-time audibility for crypto and fiat assets, this is the first of its kind, on a grand scale, open to the public. The 803 Mine Project is the largest production facility of its kind in America. With a team of experts who have successfully scaled their mining operations, we look to grow to the next level - a 100 Million Dollar Cryptocurrency Mine.
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We have created proprietary software and algorithms in addition to our research and ongoing projects into hardware development to maximize mining returns. Our results come from hard work, effort, and economies of scale. Additional monetization plans from the creation of a future delivery markets, applications based off production and additional uses for computing power are being contracted with partner companies and clients for future revenue streams as 803 Mine Project begins to deliver its large-scale production.

We will be providing contributors with the 803 Mine Token.

The 803 Mine Project will create the 803 Mine that operates all of the 803 Mine Production Facilities.

Each 803 MINE Token will represent a proof-of-membership in the mining company's funds, defined as "The Mining Fund". More information is available in the white paper.

What is "The Mining Fund"?

The Mining Fund is where the production from the 803 Mine is deposited. The 1,250,000 token maximum of 803 MINE Tokens represents 50% of the revenue held by the fund. Each token owner is entitled to their respective portion of the fund's revenue. Expenses are paid from the 25% that is paid to corporate - this includes all any and every expense. No expenses are deducted from "The Mining Fund".

What is "The 803 Mine"?

The 803 Mine is the aggregate of all the 803 Mine Production Facilities - it is the corporate headquarters for all of the 803 Mine Production Facilities.

What are "The 803 Mine Production Facilities"?

The 803 Mine Production Facilities are American owned and operated locations where the company generates cryptocurrencies.

Like a printing press, we are making the actual Bitcoin, Ethereum, Litecoin, etc.!

Where are "The 803 Mine Production Facilities"?

In order to prevent any single point of failure, we have facilities located in several parts of the United States. For security, the details and specifics are rarely disclosed publicly and only team members essential to the project are privy to this information. Since the 803 Mine Token represents a portion of The Mining Fund's revenue, token owners need to know the exact locations of their cryptocurrencies. We will disclose the public wallet addresses for The Mining Fund's balances prominently and readily to all token owners and external auditors - the general public is even welcome to verify themselves on the Blockchain! All transactions into, or out of, a wallet are traceable, auditable, and recorded for all time on the Blockchain. Keeping in line with our future plans for an IPO we are will subject to regular audits over our financials and our financial controls. We look to be a staple of the cryptocurrency world and a pillar of integrity.

Will the 803 MINE Token pay a share of revenue?

Yes! The smart contract allows the token owner to collect 50% of the monthly revenue 25% of the revenue will be put back into the mine, allowing the Net Asset Value (NAV) of a token to increase in value over time.

How does an 803 MINE Token gain value?

The 803 Mine secures the Blockchain networks and generates cryptocurrencies as a reward for its work. All rewards and fees collected by the 803 Mine Project will be deposited into secure, offline wallets. 25% will be go towards additional capacity and production, creating additional Net Asset Value (NAV) for the 803 Mine Token.

The public addresses of these wallets will be prominently displayed on the webpage and is verifiable, in real time, 24/7, through the Blockchain.

Going forward, the company will focus on traditional balance sheet growth and token holders may see their tokens selling at an additional premium, in excess of the proportional wallet balances, as people look to purchases the tokens as a subscription to the income stream from the 803 Mine Production Facilities. Tokens will be listed on several major exchanges. No additional tokens will ever be created.

Closed-End Mining Fund?

Like a traditional mutual fund, a closed-end fund pools capital from individual by raising its capital through an Initial Public Offering. Unlike open-end funds, a closed-end fund does not create new shares to meet ongoing demand. Shares may only be sold or purchased in the market. The price of these shares often trade at a premium or discount, depending on the fund’s performance expectations.

With ICOs gaining traction as a crowdfunding instrument, we see it as a perfect platform for a closed-end fund’s Initial Public Offering planned for 11/1/2018.

What are your expected returns?

The 803 Mine Project will adapt to current market conditions and operate as a going concern. Current revenues are returning 100%+ on our assets annually. Looking forward, as we grow and cryptocurrencies scale, we would look to maintain a 33%-100%+ annual return on assets. The hurdle rate for acquisition of new and the retention of old technologies will change with market conditions. We expect to generate revenues in excess of $50 Million within 12 months of operation.

Why hold reserves?

The reserves held are required for several reasons. As the rates of supply creation decline, we will look to accumulate large positions in crypto currencies. This will have additional benefits and applications to the 803 Mine Project and will work with partner companies in the future when such large orders can be filled, supply inefficiencies corrected and monetized, and for payments for products, hardware, and services that will only accept crypto currencies. The reserve funds will also serve as an additional asset to create value for the 803 Mine Token while providing auditable transparency to all contributors and prospective contributors.

When can I can purchase tokens?

Please read the "Token Launch" page for details outlining start and ending dates of the token launch.

What the name of the token?

The token is called eight-zero-three (803) MINE - 803 MINE. Capital letters are used to distinguish the token name from the company name.

Can I mine 803 MINE Tokens?

Unlike proof-of-work block chains, such as Bitcoin, there will be no mining in of 803 MINE tokens. 8% of the total supply is available in the Pre-Sale Initial 300% Bonus with an additional 80% that will be sold during the Token Launch. This will offer 88% available for sale and no additional 803 MINE tokens can ever be created.

What coins will the 803 Mine produce?

The coins that will be mined from the 803 Mine Project are as currently, but not limited to Bitcoin, Ethereum, Litecoin, Dash, Z-Cash, Monero, Dogecoin, and several smaller market cap coins. Future market expectations, market conditions, algorithms, and orders will serve as the general underlying factors that influence what will be mined.

What risks are involved?

For a comprehensive outline of the project, including risks, please read our white paper. This list is not intended to be exhaustive. The primary risks factors for the 803 Mine Project include the dependence on the computing infrastructure, regulatory risks, market conditions, prices for cryptocurrencies, prices of fiat currencies, technological advances, competition, mining rewards, delivery risk, changes in power demands, taxes, compliance, and unforeseen variables that may arise in this new sector.