Tag: accounts

Website Cryptocurrency Mining

August 2018 Accounts

It’s  been a tough month in the cryptocurrency markets and we’ve seen our holdings in ETH drop as the price reaches a low below $200 today. We have cut back on Marketing and PR expenses as investor sentiment is making it hard to find traffic that converts providing good ROI on ad spend. Contributions for…
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September 9, 2018 0

July 2018 Accounts

It’s the start of a new financial year for the company. We have a lot going on with advertising and press releases because of the ICO. Ethereum has crashed down to $260 USD / ETH which is a shame but we expect this to only be a temporary issue. The platform reached 100,000 registered users…
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August 15, 2018 0

June 2018 Accounts

A little bit late on the accounts this month because of the ICO launch. Server costs have gone up a little bit because we are now using a separate webserver for the platform (enhanced security, not on same server as wordpress) and also tested data sharding which will enable faster scaling. We also did a…
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July 12, 2018 0

May 2018 Accounts

We are now one month away from the ICO and we have detailed our budget to the end of July along with the monthly accounts. The spend allocation is really only a rough guide at this point as this will likely change between now and the ICO. Cash flow forecast for start of ICO Accounts…
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June 13, 2018 0

April 2018 Accounts

Here are the accounts for April, crypto markets bounced back a bit which offset our costs. Server costs are reduced further to just $647 USD, these are likely to grow during the ICO due to increased volume and data transfer costs but we have optimized it as far as we can. Accountancy fees are $175/month…
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May 5, 2018 0

March 2018 Accounts

March accounts are live. It’s been a tough month as our holdings in ETH/BTC took a big hit from the market downturn. Although the price of Bitcoin is still above what it was this time last year, market sentiment is nothing like what it was in December and the value to USD has dropped significantly…
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April 7, 2018 0

February 2018 Accounts

The February accounts have been completed. Details below. We have also started accruing for end of year accountancy fees. This was something that we haven’t been invoiced for yet but do need to budget for. The figure $1,134 covers the accounts auditing for the last seven months, from next month we will be including this…
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March 6, 2018 0

December 2017 Accounts

A couple of things to note with this months accounts. The total income from the previous pre-ICO funding round was slightly higher than we estimated in last months accounts. This was due to the increase in Bitcoin/Ethereum prices before the year end. The prices have dropped back slightly again now and this will be reflected…
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January 11, 2018 0

November 2017 Accounts

Most people viewing this post will want to find out how the funding round went. This finished on December 4th so some of the data isn’t in the November accounts. Therefore before we get in to the main accounts for November we have produced an estimated position for the end of the year which includes…
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December 6, 2017 0

October 2017 Accounts

Key points from this months accounts: Just under $10,000 invested in JSE tokens Server costs increased due to higher volumes and data transfer costs Advertising costs stable   Management accounts (all figures USD)   Income Report   Year to date   $ $       Income     Token Crowdsale     USD  …
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November 7, 2017 0