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Ratings Whalesburg

Mining 2.0 The Platform

THE WORLD’S FIRST AUTOMATED SOLUTION THAT MAKES ENTERPRISE MINING TOOLS AVAILABLE FOR EVERYONE. Whalesburg is a mining software bundle which incorporates three components: multi-currency mining pool with a profit-switching algorithm, remote hardware monitoring software and a large-scale overclocking tool. The team have released proof-of-concept version and updated it to an MVP which is a stand-alone working product. Mining community has welcomed Whalesburg Smart Mining Pool - our first product that brings profit-switching algorithm, transparent fees and great user experience. Miners will need to hodl a certain amount of WBT to be able to use the platform and voting system (decentralized governance).

3.8
15 expert ratings
4.5
3.7
3.6
3.8
View rating distribution
Ended
Token
WBT
Price in ICO
0.3120 USD
Country
Whitelist/KYC
KYC & Whitelist
ICO start
3rd Jun 2018
ICO end
3rd Jul 2018
More on ICO
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Ratings

Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on May 22, 2018
1
1
1
8%

based on what is described in the whitepaper - WBT Token Utility. Voting rights, fee reduction and wallet verification are not a viable means to create a positive ROI to investors. The end user must be tech "savy" therefore this will not apeal to the "regular" investor.
For this to be "adopted en-mass" it would require a very large number of users to lay out a significant amount of money to purchase the hardware.
I do not understand why the software is not just sold direct to end user and why an ico is required.
I do not see this as having a viable ROI to the average investor, therefore i do not believe this to be a good investment.

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Sofiya RomanovskayaICO team member replied on 29 May 2018
Thank you for taking time to look at our project. We appreciate your feedback and if you’re interested we might give you some more information to address your key points.

Fee Reduction is the most viable feature that will increase demand of WBT token dramatically.
We have calculated numbers using blockchain explorers of different coins.
Daily income numbers are calculated based on Nanopool, Ethermine, Mining Pool Hub data.

We have calculated numbers using blockchain explorers of different coins. Such as Ethereum, ZCash, Monero, Bitcoin.
It is a huge market! Each of them has a different amount of machines (GPU rigs) in their mining operations of different scale. From 1 rig at home (with 8 GPU cards) to tens of thousands in large facilities.
Average miner will spend about 2% of income on WBT tokens for 90 days. This amount of WBT will be held in miners wallets.
Additional tokens will be required for SLA support - we are going to hedge miner loss with our assets in case of disconnects.
Our target is to acquire at least 5% of market share in a year after the token sale. Therefore, based on this calculation, we would expect miners to buy WBT for more than 4789 ETH.

Our goal is to bring an enterprise solution to masses. We treat security and reliability as one of top priorities while focusing on mass market needs.
We are positioning as mining software for the mass market, and customer driven development is the key to success, that is why there is no need to have high competences in tech field to use our software.
If you’re interested in more detail info please let us know.
Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 1, 2018
Modified on Jun 1, 2018
3
2
2
7%

Though the core team is young, the vision they have for the platform is certainly innovative. Mining is only gonna become more and more important as the industry matures and there is a need for improving mining yields and bringing mining to the masses.

Though one major challenge in the mining industry is that it is monopolized by a few big players.

Would love to see how this unfolds. All the best!

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0
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James Sowers
Ico adviser
Rated on May 24, 2018
5
5
5
7%

Young team seems like a promising project . Would like to see how they execute . Project has a lot of potentially. Mining will become an important part of the continuity of blockchain in the future on certain applications .

+2Agree
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Mihai Alexandru Bisnel
Exchange listing consultant, Experienced ICO analyst, Owner at TokenCouncil.com, Token Sale Platform supplier, Advisor
Rated on May 24, 2018
4
4
5
6%

I like the profit-switching algorithm idea, especially if it will work properly. This project addresses the core of crypto, so I believe it deserves our support. Young team, could use some more experienced members.

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Ian Scarffe
Blockchain ICO Consultant / Advisor. Founder at Crypto Consulting and Investments LTD.
Rated on May 22, 2018
4
4
5
6%

An exciting and interesting prospect. There is certainly a lot of potential here, with a solid team leading it backed up by some good advisors, and also some strong partnerships in place. Keep up the good work

+22Agree
+22
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Cem Goksel Ozargun, MA, PMP, CSM, PSPO
Blockchain Advisor, Blockchain Expert, ICO Investor, Product Manager, Project Manager, Trader, Lecturer, Jack of All Trades
Rated on Aug 3, 2018
4
3
3
6%

It's of course good to have an advanced platform for mining but these mining pools can never convince me regarding their safety precautions. I don't think I will ever trust this one either.

I also checked recently to see there is only 61 miners on the platform currently with just 62 GH/s.

Anyway, my scores are:

Team: 4
Vision: 3
Product: 3

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Michael Williamson
Blockchain Consultant, MBA, LSSGB, Former USA Financial Advisor, Insurance Agent
Rated on May 11, 2018
4
4
4
6%

In my opinion, this is a really interesting concept. I question though how consistent are the profits when switched?

("WHALESBURG is the first crypto-mining platform with an profit-switching algorithm!")

As long as it runs smooth without interruption then I I think this could have a lot of potential.

*Please see my profile for disclosures.

+2Agree
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VAKEESAN MAHALINGAM
ICO Analyst|Content Writer|Trader| CFA Charterholder|Consultant
Rated on Apr 16, 2018
3
3
3
5%

Core team as outlined in wp is young,m but has prior experience the field. Team could use some veterans and big players in the space to help bring credibility to the project and good guidance.

Vision is good as i see the problem that is being solved, however the entire premise of a profit swithcing algo is in the proof of concept stage, could be too early to run an ico with that factor being one of the main advantages

Overall, i dont usually like projectd focusing on obsolete elements. Mining is one of this things that i believe will not be relevant a few years from now as blockhain tech evolves and different consensus algos take over the space

There will always be a few still using PoW but this project seems short term, as many PoW based cryptos will fork off of mining and onto PoS or another consensus mechanism

Its hard to see how long mining will be profitable, especially when a few big players own most of the mining farms, this tech may not be useful for many

Good luck with the project!

+1Agree
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Alexander Sverdlov
Cyber Security Advisor for ICO startups
Rated on May 24, 2018
4
4
4
5%

Interesting idea. The validation needs some work - the graphics are nice, but a real working prototype would be great. There also needs to be some write up on the competition and how you stack against them with your offer.

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Graham Doggart
Blockchain Advisor and ICO Growth Consultant. Founder at Dynamic Abundance Advisory
Rated on May 11, 2018
4
4
4
5%

I like the look of the project.

+1Agree
+1
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Preston Junger
Former Yelp Leader, Believer in Great People & New Ideas, Start-Up Growth Partner + International Blockchain Advocate
Rated on May 26, 2018
4
4
5
5%

The fact that the team has more than a proof-of-concept in an MVP as a stand-alone working mining product. The concept of bringing mining tools to the masses is intriguing and something I think is very important.

+1Agree
+1
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Zahid Imran
ICO expert and Advisor, consultant
Rated on May 12, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Gary Chan
Community Manager
Rated on May 22, 2018
4
5
4
4%

A lot of potential for this project as more people will be going into mining of other coins such as EOS apart from the usual Bitcoin and Ethereum only. Kudos to the team with a MVP already being developed. Looking forward to it being live for public to try.

+3Agree
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Suraj Tiwari
ICO ADVISOR / CONSULTING / EXCHANGES Listing /SMART CONTRACT/ TOKEN CODE.
Rated on Jun 17, 2018
5
4
5
4%

Team : looks great checked linkedin all have good experience in their field.

Vision : Vision is ok but not new.

Product : have working product thats good and have good partnerships too.

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Igor Salikov
"Love Is Forever When It's Written in the Blockchain"
Rated on Apr 21, 2018
5
5
5
4%

Low cap project (hard cap only 3800 ETH), Soft cap closed within few hours. I would expect high ROI (this is not a financial advice though)
They have working MVP with income around 70k $ for 2 months. Official Telegram channel overall feedback from miners looks very positive. Roadmap looks great as well with team focusing on the right things.
Strong advisors from top 100 companies Revain, SALT, Cindicator, SONM. Partnership with top mining companies and investment funds. Team looks solid and professional. Connected and recognized within mining community.
Core team’s profiles looks decent, all of them have relevant professional background. Website and White Papers looks good, all information is well presented.
Looking forward to see where it goes. Good luck with the project!

+4Agree
+4
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Benchy
ICO analyzer bot
4.5
19%

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