Bitcoin Forum

So trough my business I stumbled upon a opportunity a data center  with cheap electricity that's offering me this deal. So since I am a bitcoin novice and not a fan of the industry do you guy have any ideas where I could advertise this deal or who would be interested??

  *   We can offer 600 BTC miners (specs 1300 Watts Power, 12 TH/s Hashing power) for $ 275/ miner ($165k USD initial investment) - these are last years miners so they are heavily discounted
  *   For set up, there would be a one time fee of $25,000 USD
  *   For power, lease space and administration we would charge $10,000 / month
  *   Your power costs to run the machines would be approx. $38,500 / month (would vary slightly as power is paid in CDN dollars)
  *   Your return rate (i.e. value of Bitcoin produced at todays rate of $7,664.51 USD) would be $54,966 USD
  *   So - monthly revenue from your machines would be approx. $16,466 (before admin fee - $6,466 net)
   *   Term would need to be 12 months to start then monthly with a 2 month notice period after initial term

Looks like a scam to me. Anyway, who would give that much money to a newbie?

After reading your explanation about mining bitcoin, I was interested, except that the time given was quite long. My thoughts are whether it's better to mine or trade daily?

I think it would be useless to advertise the offer if you yourself do not have trust or feedback. Even cloud mining service providers have guarantees to their customers, so if you don't have a guarantee with that kind of money then no one will accept your offer.

$ 30,000 is not a little money, and we know that there has been a lot of fraud during 2018. So now, get your trust first and then offer it back here.

with what you are projecting as a revenue opportunity would take more then 3 years to pay back your initial investment.. keep in mind that every month the difficulty will go up and this number will rise.. it could be longer, i would count on it taking 5 years..

at that time, those miners will be useless and not making any money.. unless the price of bitcoin goes up with the difficulty.. but then it would be wiser and more profitable to just buy bitcoin and hold it for 5 years..







it looks like someone jumped into bitcoin mining, bought a bunch of miners, then did the math after it was all up and running.. figured out after a year they would never get their initial investment back.. so they come here and try to con someone into buying them out.

That is why $16, 466 is too good to be true that @odolvlobo says its a scam. A newbie offer such opportunity can be much more of a scam to me. 
There were ICO projects offering this kind of scheme as well, I have no idea how it end but the looks of it is pretty much of a scam. I can't find their thread anymore, long buried in the pages of ICO scams.

I get so mixed replies, from people thinking its to good to be true, to "its going to take 5 years" to get your  investment back.
Its a public listed company that acquired a hardware company and this landed in their lap. So i dont even know to be honest if the deal makes sense, but its a Canadian company and the data center is in Canada to and im good friends with the CEo.. So im just wondering if its a good deal  and who might be interested. 

But if anyone is genuinely interested i will give you all the contacts necessary, just reach out. And im sorry if it sounds scammy, thats how the deal was presented to me.

I totally agree with you, I wouldn't give that kind of money to a stranger with an unknown reputation.

Let's break this down:


Last year miners, with this specification, matches only ebit 9.2 , the price is not that great deal for a used miner.


For 600 miners and a year contract, it would be ~50000 a month, that means below 2cents per kwh.
This is actually quite good



This is the part where you lost me.
With that specs at a price of 7600 per btc a miner would generate ~ 110 $ so 600 would do 66 000, not 54k.
Those are 12k$ that have disappeared.

But, let's say you still get 6000 (more now since btc is 2000 above that value), you will ROI in 27 months.
At current rates the ROI, after the method of calculation drops to 6 months.

On papers sounds like a good deal, especially with that low power costs but....


What do you expect, new account, promising 16k monthly income (that is actually 6k in the text)....common
A set of pictures with a paper timestamp or a video with all that gear and that data center might convince a few of us, but right now we have only words, no real-life proof of anything.

looks alitle to good to be true i would stay away from this, but u never know this might be legit, but i have a hard time beliving that.

 I dont believe that the guy is trying to sell his idea here and expects business done in this forum but more wants to know our thoughts on his idea and calculations.

This is a bad start for your project, there's nothing on it that would make us believe that's true, why not create a Youtube video show us who you are, your credentials and your telegram channel, since you are asking a huge amount, it's better to be transparent, anybody can do what you are doing posting stuff like this.