Enigma Economy AMA "5 Cents" [June 28, 2024]

AMA TLDR:
Trust Pilot and Testimonials:
-Launching Trust Pilot and testimonial campaigns for Enigma and NFTs.
-Working on launching more fractional collections due to demand.
Paraguay Operations:
-Started placing orders for Paraguay in early summer 2023 with expected 2-3 month shipping times; actual times were 3-6 months.
-First miners powered on in mid-August 2023.
-Peak operation reached 500 miners online from a total of 1,094 in early 2024.
-Issues with the local contractor causing delays.
-Relocation process began in April 2024 due to inefficiencies and failures by the local contractor.
-Relocation involves unracking, logistics, and new installations, expected to complete by mid-July 2024.
North Carolina Operations:
-Performing significantly better than market average with 90% uptime.
-Energy rates are higher in summer but clients’ rates have been maintained.
-Bitcoin mining is less profitable due to higher energy costs, but Litecoin and Dogecoin are performing well.
-Kaspa mining has been exceptionally successful, with many clients close to breaking even.
Texas Expansion:
-Successful fundraising and expansions in Texas, aiming for 20-30 megawatts capacity.
-Initial capacity of 3 megawatts expected to go live in July 2024, scaling up incrementally.
Questions and Responses:
-Machines are available for purchase and hosting.
-Texas will be operational in early July with gradual capacity increases.
-Efforts to mitigate issues in Paraguay include relocating to a better site with cheaper rates and eliminating service fees for the lifetime of the machines to offset investor losses.
-Overall, the session emphasized the challenges faced in Paraguay, the strong performance in North Carolina, and the promising expansions in Texas.
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