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I live in a place in europe which is not very strict with laws and a lot of people take advantage and i am one of them. So i dont pay for the electricity not a single penny. In order to profit from this thing i have bought an antminer U3 and mined with it but it becamed unprofitably. I dont  have the capital to buy antminer S7 or antminer S5 also i will not lie,i dont know exactly how to use them. So if someone is interested to work with me{work with me it means that he have to buy the machines,to send them and teach me to put them to work/ i will pay to him 75 % of the earnings of the machine. I can provide my id card,my passport also my driver license with myself holding them so that you can see that im not lying.PM who is interested!!
Thank you

This is an odd thing too see in services but if you think it should be here. Maybe you would get more interest in computer hardware as want to trade for.
Just my suggestion.
Good luck in finding someone that will take this risk.

Interested, where in europe are you from?
Is the electricity source disruption free?

Unfortunately, although power is a huge part of mining, despite free electricity you may lose out due to the always rising difficulty. I'd wait until after the halving before I made any substantial investment in mining technology.

I think this is actually serious offer. But there is problem with legality of this. I understand that your electricity network is hacked by you and used illegally.
Is there actually a way for authorities to discover unnatural power consumption when you will be mining? Could miners be confiscated in the worst case scenario?

I dont how do they matter the electricity in your country but in my country it is an ' old way' it means that that with a little knoweldege of electricty machines you can steal the power and never get cought.No,there isnt a way that the authorities to discover that electrecity is going too much. They only read the numbers of kw in the machine that matters the electricity because i dont know her name in english sorry. A lot of people here do the trick the numbers but i could say that only 300-400 people in all the country know bitcoin

Actually I am very interested. but I want to come there and stay there. and we can start our work together. let me know how much money an Antminer s7 needs.? and where are you in the Europe?

 Seriously?  That's kind of creepy.  Anyway, the Antminer S7 is going for about 1 bitcoin presently but you need to buy a power supply as well.  You can buy that on their site as well for about 0.3 bitcoin.  You'd better find out how many amperes his electrical service is rated for and if he has an extra bed. 

I have seen in hashnest that an antiminer costs around 550 $. Hmm what you are saying it is very exagereted. I cant take a man in my home without knowing for him nothing. But if you are truly interested you can work the way i said and if you are satisfied lets say after 2-3 months than i am glad to welcome you here. Also if have capital you can come here and we can do like a 'workshop' with miners.

You are too far in my place if i already near to your place i can buy ant miner only s5, because i cant afford to buy s7..
Good luck to someone if they can trust you..

You still need expensive hardware for mining.

There will be a time, when the mining won't be profitable even if you use free electricity, because too many people gonna try mining without electricity costs.

It is probably not that far from now.

POS IS THE WAY TO GO

 The problem with that line of thinking is... Bitcoin!

Pos still the best for me to stake without powerful mining asic hardware..  better to go in pos than using any hardware to mine with free electricity..
Or if you really want to mine try to find the best POW coins to mine with low difficulty.. and just hope that altcoin will be valuable in the future..

Yes, I meant it.. I'll come there and we'll make a workshop for this.. don't worry, I'll don't stay in your home. I'll buy my own house there...
I'll try to contact hashnest meanwhile.

Seems like this is a pretty serious offer, considering that he's willing to give up his valuable information. I could've taken you up on your offer, but the fact is that I simply don't have the capital to buy an antminer as well.

I just got spammed by a spammer and i send him my id and driver licence and he didnt replied anymore. Please pm me only if you are interested not for hamful intensions

jeez why would you send your documents to anyone, they are already on black market now

 You'd better report them stolen to the police.  That person you gave them to could use them to obtain credit on your name, or worse a passport to use for illegal activities.

edit: What was the users name?  A post should be made about that in the Scam Accusations section.

There is a credit registry in your country I'm sure.  If Albania has one every country in Europe has one.

example: https://www.bankofalbania.org/web/Credit_Registry_3306_2.php

When you try to secure a loan, the bank investigates the information you provide and consults the credit registry.  It is possible in my country to secure your identity using a third party.  I'm not sure about your country.  Suffice it to say, you have given someone enough information to at least secure loans on your name.

Thank you a lot for the help

Your documents for sure someone will use to scam - probably he gonna open PayPal account with your data and will try to scum by trading BTC.

Your proposition as well not look completly legal.. How you can have free electricity, and how you can guarantee that this situation will not change tomorrow?

This situation is going since i was born. I dont see the future but based on how country is going i think that this situation will go for at least 4 years again

I've seen the topic of stealing electricity discussed in my country as well. The way electricity consumption is monitored and reported is really archaic in many cases, this way making it easy for house owners to "cheat the system". But overall, it's not worth the risk as the provider is able to monitor month to month patterns and they have the right to come in to investigate. OP, other that the fact that what you're considering is unethical, if you've got nothing to lose I don't see why you came here to ask us.

I asked you because i dont have capital to the miners read the thread!!
If i had capital i wouldnt write this thread.one s7 costs around 500 $. I am not at work so 500 $ are hard to find,at least here in my country which the medium salary is 200-300 $ a month !

You dont know how things go here. In the worst case if police comes to your home and discover it ( which will never occur) you can corrupt them eith 20 $ every month! Because i said almost 40 % of the contry dont pay electricity. Not to talk about the rural places which 90% dont pay and have never paid.anyway we are not here to talk about politics.i say that i dont pay electricity and i can gurantee for another 4 years it eill not be fixed.

Few months ago, employees of the power plant came to inspect my apartment, because I have not been for almost three months at that address, and that is why the bills came with zero to pay. They didn't like it .. so visited me with measuring devices..

I heard that sometimes employees of the power plant can have electricity for free, but I am not sure.

 That is an archaic system.  The power plants in my country have to bid competitively in order to get their electricity on the market.  The transmission lines are a totally different company and THEN the suppliers come next.  All our meters are remote readable and they can monitor 24/7.  Some people even opted to allow the supplier to control their air conditioning systems in case they need to conserve on very hot days in the summer.   Don't worry, your countries will all get there - it's the next way for them to suck more money out of you under the guise of "efficiency".  [sarcasm]Better to have 3 middlemen and an "independent" electricity operator to oversee the entire operation than one power company overseen by the government.[/sarcasm]
 Just so you know, in Albania, this should be completed by 2019 based on the information from the World Bank (they financed this effort with a loan in 2014) - it's all part of your countries' efforts to join the EU.  You can't join until all your infrastructure has been revamped at taxpayer expense and ready to be bought by private investors at pennies on the dollar (I was going to use the Lek as an example but there is nothing smaller than a Lek!)... get ready to be financially raped.

Pff haahah the exatly things did the earlier goverment for 25 five years and promised that we would be in EU union in 2012,but 2012 passed.The goverment of that time said that the next yeas we would win.but in 2013 were elections so either in 2013.the new goverment said that in 2015 we would be part but still not,believe me you dont have a clue what happens here,there are the the same politicans for 25 years sinse 1990 since enver hoxha the dictator died.the politicans are all connected to the crime and every one knows it but no one says it because have afraid,here people cultivate mariuana in their garden and you say that they will fix the elctricity problem? believe me that will be the last thing

 Actually they used to cultivate marijuana in their fields in Lazarat and sell it to greeks, Italians and germans.  That was confiscated and burned in by police because Albania wants to join the EU.
  Politicians make all kinds fo promises but joining the EU is not a simple matter.  First the government has to eliminate corruption which is not easy to do since it begins at the top levels of government and trickles down.  Do you see billboard signs yet asking for snitches to call toll-free numbers to report corruption?  Eventually, the EU will gladly accept Albania - especially for the $200-$300 per month labour.

Albania will join the EU after like 50 years or maybe EU will collapse untill then.I`m from Bulgaria.
Let`s split the f***ing invented country of Macedonia between Albania and Bulgaira  ;D
I`m drunk, i don`t know what i`m talking about lol...

What a revolutionary! I have few Bulgarian friends, and i know that there is many changes. I think Bulgaria is in not so bad position in EU.  hehe  it is now political thread?! :)

OP - One thing that I can suggest you about your idea. If you are sure about electricity, think abut some collateral, and try to take loan in landing section. (Long term landing)
You can also ask in mining thread who stop mining becasue of electicity costs and want send you not used rigs.

In my opinion, in your case, everything is about trust.

So basically you are stealing electricity from poles, right ?
That doesn't seems to be a good idea because you will be fined and punished at any moment
In my country the electricity charge is $0.07 per unit. I don't think that's much expensive

I do not want to defend the theft, but it seems to me that behind these words he wanted to say something else .. Something like:
Do you know that since the 7th century, Cannabis has been cultivated in Morocco and this is one from most important national traditions, but drugs are there illegal? ;)

 Good thing you aren't drinking with any Macedonians.  They wouldn't like that kind of discussion ;)
One of these days I'm going to have to slip across the border to visit Bulgaria.  I hear it is beautiful and warm by the Black sea even in October.
I think it would be nice to go to Beglik Tash for a beer but my wife wants to go to Nisipurile de Aur (Злaтни пяcъци)... maybe when I retire ;)

 No I didn't know that but they made a big show of the burning in the media.  It was on the BBC even.
So it really was to make European Union believe Albania is serious about joining the EU.

you said it! It is only a big show in tv but we who live here we know that hte place will never go in order,we dont trust in police because almost all police is corrupted.if you want to tell something bad that you know for someone or if you have problems with someone we dont go to police but solve problems ourselvs

Meaning that you wanna a partner to make the investment and take the huge risk that somebody steal the equipment or even the polive corrupted can make it happen,soo besides that i dont see any advantages,and why your miner became unprofitable as you dont pay nothing for it?

unprofitable i mean he mined only 70000 satoshis a day,it didnt worth to hear his noise all day for only 70000 satoshis

As long its free and you get a real job or a space to let it out i dont see it as a problem but as i reward,but sure the noise if you have small space how you wanna someone to became your partner with no space to let the miner running?Anyway to that work out would be need security and thats is something you said you havent ,but good luck anyway.

HashNest already withdrew S5 from market because as they wrote: "AntMinerS5’s electricity fee is greater than 100% of mining revenues". They offer shipment for physical rigs. You can ask in their official thread if someone want give it to you. Maybe with free electricity it still can be profitable.

Well that's funny, you want people from here to invest on a supposed energy stealing scheme? Good luck.

Hory shet, so there is people that actually do this? I dont pay electricity either but just because its included in rent, i would love to do this too,im also willing to be completly transparent, i live in sweden.

Sweden, Norway in the past and Iceland sometimes have the power fee within the house rental, but they are most time limited.
One S7 is supposed to run on a 10A fuse (@220/230V).
In fact you can let run 2x S7 on a 16A fuse, but it has to be a fuse with special starting current. (sluggish is maybe the word; didnt know Tech. word for it - I just know how the power curve has to look while turning on the power - not a normal house fuse!)
If you use a normal 16A fuse and your power maybe went down for maintaince (can happen anywhere in the world) and the power will come back after 1 minute ... BOOM! ... dark ;)
Maybe if you can do a delay of 30s between them it will be fine, too. (SSH / Telnet => Linux => possible without hardware costs)

1) How many dedicated power you have free?
2) You want to stay living there? Think on the daily peaks in the morning or afternoon you will need for a normal day (without mining). Either you do a shutdown if you need more power for yourself and an automated power on if you free the power again --- or you have to calculate fix with the peaks!  :'(

But ofc if you have free 10A / 16A / 32A --- use it for 1x, 2x or 4x Antminer S7.
Even if it gets more and more unprofitable -> without any power costs you cannot loose.
And at the end it can warm up your house a bit on winter days (if you connect it smart).
You cannot LIVE next to those miners. Your ears will start to bleed :P
You need a special room / downstairs or a container in your garden ;)

Yup, basement, but its not state rented so i dont want to burn the rentor, ill start with one for now and then if he is okay with it i think i have some places to do it.

Well. Sweden had a nice price drop, but not so much.
Industrial prices in 2014 were @ 6,7cent (EUR) per 1000wh (1kwh) for big player ;)

Source ==> http://ec.europa.eu/eurostat/statistics-explained/images/6/6e/Half-yearly_electricity_and_gas_prices%2C_second_half_of_year%2C_2012%E2%80%9314_%28EUR_per_kWh%29_YB15.png

One Ant will eat you ~1000 kw/month (easy to calc - see by rule of thumb)
@5 cent it is EUR 50,-
@6 cent it is EUR 60,-
.
.
.
@9 cent it is EUR 90,-

If it is really "free" because of too much own production - perfect - but keep this in mind   :o   :D

Anyways can you give some new informations for 2015 or the NOW (2016) about the industrial min. price? @Sweden ofc  ;)

Check your math. There are ~720hrs in a month.
@.o5 / kWh * 720 = 36.0

Yes, checked. Your math is right, but I had not the starting parameter 1000W (1KW) set like you changed it.
It was "One Ant S7" as base and so I am right. (was really afraid of typing something wrong in a hurry)

Antminer S7 has between 1300-1500wattage @wall ;) (average is 1400 => thumb rule!)

(1400*24*30,5)/1000 = 1024,8 ~~> 1000 (thumb rule!)  ::) :o
(wattage*dayhours*daysmonth) ... and /1000 to get kw and not w.

Please re-re-check if you think my re-check is wrong ;)


Btw my average calculation has 732 hours / month. (24*30,5)
With 720 hours it would be 720*1400/1000 = 1008 ~~> 1000 kw/month --- anyways with thumb rule  ;D

And 24,8 * 5cent or 8 * 5cent are nuts seen on a month ;)
Even with 1450 TDP (average wattage) - I would use the same thumb rule as limit - but they dont reach 1450W if you drive an Ant @4,73 (or with recommended frequency and settings is better to say)

Double-checked the recheck and the math checks out.  :D

Does anyone did a deal with OP? Is he legit or just want to steal peoples money? and where are you from Europe? Europe is very big with lots of countries. at least point out the country name if you can't share your exist area.

 I thought it was clear OP is Albanian.

No one did any deal with OP yet. I think OP just want to steal peoples money.. I was really interested and I asked OP that I want to come there and we'll work together to make our mining workshop. but seems OP just ignored my Posts. and answering other users posts.. he's probably looking for some one who send him direct money. I don't think he'll buy any mining rig or something. and I don't even thing that he's have free electricity.

Digitalord I am sorry but i havent seen your post.if you want to come,come and i will help you.read the comments! I have said that i am from albania.im not stealing peoples money. So fat i have send my valiubla info such as ID,PASSPORT,driver licence to two people but they weeent interested only wanted my info. So please dont judge me without knowing my intensions. If you really are interested PM and we will figur out how to deal

I dont want any money to send me. Dont you see the post that i say if you want to work eith me send me any minimg machine