nothings wrong with it, I have my doubts about future demand for it. I think mining will become more and more centralized with the threshold to enter being higher and higher.
A quick research shows that the PoW period is over in BANX .. haven't looked into it further ..
A portion of their business is dedicated to bitcoin mining and selling of this contracts, I wasn't talking about Banxcoin. After looking into it further it looks Like Banxgroup is made up of Banx Group Crypto Currency
BitBanx.com
BitBanx is our fiat to crypto currency site, easily and safely purchase your first coins with a variety of safe payment methods.
BanxMint.com
BanxMint is our physical coins site, our coins are premium quality and range in size and weight anything up to precious metal !
BanxStats.com
BanxStats is our simple to use coin market cap analyser. See the market value and trades daily trade volume of each crypto currency !
Banx Mining
Banx Mining is our premium mining rig rental site. Rent anything from a single unit to a farm of mining equipment
Banx.IO
Banx.IO is our premium crypto-crypto exchange site with a completely new trading engine based on node.js. Capable of 500k trades per second !
BanxCapital.com
I am curious about Banx group, Are they their form of ags? do they get a piece of all the below action? I have to do some more reading but It is interesting that they have a coin,mining,exchange, on and off ramps all ready in place.
here is the page I found interesting
http://banxcapital.com/investors/I am going over their prospectus now, to see the math that they are using to come up with with valus they have on their site but at a glance it seems bitcoin mining is the linchpin that will fund most of their business ideas. They don't seem like bad ideas I just don't believe in bitcoin mining in the long term
here is a link of their prospectus
http://banxcapital.com/download/Banx_Capital_Prospectus.pdf