fomoex io, fomoex, and Filecoin mining in india
Fomoex Filecoin Mining
Usually, you will have to buy computer mining equipment to do the mining. This is generally quite expensive, due to the hardware, the electricity to power them, the actual space to house them, etc. but in this case Fomoex is taking care of this for their users. Interestingly, Fomoex.io does not take any passive income from these rigs, nor does it make the rigs more expensive than they actually are.
So the obvious question is "How do they make money?"
The simple answer is that they haven't….
As mentioned above Stephen Meade has done 3 IPOs and they want to make this business 4th. They are thinking long term and know they will make a lot of profit through a successful IPO. .
To make that happen, they need to get as many customers as possible, completely forgetting about any immediate sales and profits. This way they can give back this current revenue to the users so that they can create a big community for the upcoming IPO.
To participate, individuals will need to create an account and then choose a plan that best suits them. Payments for these packages are made in USDT cryptocurrency and the reward ratio is based on the purchased package size.
Packets contain the equivalent in Terabytes of the fifty percent USDT value of the package.
USDT is a stable cryptocurrency that is pegged to USD. (1 USDT = 1 USD)
Example: Filecoin Mining
The 500 USDT package will have a Terabyte value of 250 USDT. This bundle will then generate a reward in FUSD (another USD-based stablecoin) based on its Terabyte Power.
Mining rewards range from ten percent to sixteen percent per month based on fifty percent of the package value.
It's important to note that the pack's Max Mining Yield is 3 times the pack value. At that point, you'll need to purchase another pack. Of course since it just pays you back more than you spent, many people will want to increase the package size to increase their income.
Here is a breakdown of mining rewards:
$100 Bundle - Offers up to 10 percent token yield and $300 max mining output
$300 Bundle - Offers up to 11 percent token yield and a max miner output of $900
$500 Bundle - Offers up to 12 percent token yield and $1500 max mining output
$1000 Bundle - Offers up to 13 percent token yield and max mining output of $3000
$5000 Bundle - Offers up to 14 percent token yield and $15,000 max mining output
$10,000 Bundle - Offers up to 15 percent token yield and a max miner output of $30,000