Bitcoin Forum

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

In the first place why would you venture to something you do not know about, who introduce mining to you and what made you think that it will become profitable, because you have a land to allocate for mining? and I'm surprise that you got a certification, without knowing anything about mining, you should do a feasibility study first, and on Youtube there are a lot of tutorials about mining, but you need an experts that you can talk to personally on this.

You need to learn both mining principles and how data centers are run and maintained. Mining consumes a lot of electricity and generates a lot of heat and Iran is not the coolest place to host a mining farm which means you would need to follow the principles of owning a data center and cooling it which could be costly.

You would need to make sure that the current difficulty and the cost of power over in Iran is not going to be more than you can afford. It would probably be more profitable to an inexperienced miner to rent the land out separate to Bitcoin.

If you can't find investors near you, then you can forget about this business. I don't think you should expect someone to invest in Iran as you say, you are under sanction. There is a high risk for all foreign people out of your country, there is no control over the investment. Also, I guess there is an unstable political situation, and who can guarantee that your certification and government authorisation will remain for a long time?
You have no any knowledge about mining, you don't have money to acquire mining hardware... This business is not for you.

It's a weird situation you are in right now. Usually people that join a team or form a partnership with other people have at least 1 of these things

-Money/Influence/Connection, either of these things is important to getting stuff done in business.
-Knowledge, understanding what your company/other partners want to do.

The only thing you have is a good location, so I would highly recommend you to start getting knowledge about what you want to do, and then be able to seek investments.

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

How costly, do you have an estimate on it?


In a lot of countries you need first to get the license for operation before you start operation, and not only when it comes to mining, for most other activities from industrial processing to commerce.


Now, to the OP problem.


Holly crap, 7000km2? Do you own 0.5% of the surface of Iran? Almost the size of Cyprus or bigger than Delaware?
Getting over it....7000km2????  Damn!!!!

In the other post, you said something about getting a 25k 75$ loan witch does not match the land size but let's work with it.

1. Where will you get your energy and how much it will cost. Depending on the rates you might want to scrap the plan before starting.
I read that licensed miners will et special rates but the article is old, the price is in official rial rates..so any update on this?

2. When looking for an investor, do you have anything ready or usable other than the license?
Do you have a place for the miners, it is already connected to the grid, other details like this?

3. Let's say you find a an investor, basically, what are you providing on your part? Since coming back to your available funds you have for around 10-30 miners, not counting additional equipment that might be required.

Maybe he do talks about permission/certification that he's allowed to mine.A usual stuff to be complied first before doing anything specially on legal matters.
Yes its legalized but you would still end up on getting those permissions to the government.Its really hard to start up mining if you do have zero knowledge on it
and even he do sell of a portion of his land holdings if he dont have the knowledge on setting up everything then it would really be a mess up.
So its better to read up the basics first then proceed later on when he do get sufficient idea.Getting investors online is almost impossible due to trust issues.

Don't get me wrong but I am intrigue why would you venture into a crypto mining business without adequate knowledge? Furthermore, I find it quite ironic since you've stated that your very large land has iron mine yet you want to enter into crypto mining which I assume you dont have resources and know-how to do it? Why is that?

I guess its much better if you focus on mining iron in your land which is way much profitable than mining crypto within it! At the very least you'll have a very high chance of getting a partner(s) to invest in it. ;D

That is a good idea and a good start, but he was already issued a certification that he can use his land to mine and of course on that certification it  specified the land measurement, best thing to do is to create partnership he can offer the land as a site for mining farm, partners with experts and investors who can buy them mining rigs, but there should be a contract about profit.

If I remember correctly, a few weeks ago there was news that Iran government has seized equipment from some mining farm and that the country is looking to ban bitcoin mining completely. Under such circumstances is mining in Iran even a safe venture to consider?

Actually I don't think you didn't have a more perfect time to do this but now because the last news I heard about this is a lot of Chinese miners are actually moving their operations from China to Iran and this could be a perfect business opportunity for you to have a partnership with one of them. Of course your only problem is on how you could get in touch with one of them and how the profit will be split since judging by what you wrote the only thing you can give them is your plot of land which is really a big deal for any business operation. So I think the best thing for you is to be a silent partner where you won't be in charge in any operation and let your partner be the one who runs the place. Maybe posting your business idea/proposal locally will help in one of your crypto communities online as this will be a lot faster than finding an investor/partner in the forum.

Since you already know you can get certification from government to build crypto currency farm, you can visit the Iran local section (https://bitcointalk.org/index.php?topic=620798.0) of this forum and check to know the locals around you that knows about running a Cryptocurrency mining farm.

You can mine and sell the iron on your land to raise some money to buy some mining gadgets for your new mining farm, search google for more information on how to setup your mining farm.

Iran is not an investors friendly country, i am sorry about that.

You will end up in a trial error and you're not going to likely set up your mining farm, on all business ventures technical knowledge is very important, it's the heart and bloodline of any business, as long as you know your business getting capital is easy, going back to your issue, you should just do a partnership, employing people right away will get you nowhere, on partnership you will be helping each other to set up your business, sole proprietorship will not work in your case.

I think@OP is trolling, that's a quote for him elsewhere.
I do not know how much prices in Iran, but owning 7000km² enables you to get a loan of more than $75k.
Again, he has the necessary legal documents.

Don't forget that Bitcoin will split soon (halving,) so running this activity is getting more dangerous.
In addition, temperatures and electricity in Iran are high.

Wait a second, what do you mean by Bitcoin will split soon? Are you confusing a halving event with a fork of BTC? Or am I missing some underground revolution story that would fork BTC at the halving event looking to create yet another shit coin like Bitcoin Cash / Sv etc etc?

As far as trouble is concerned, I already said before, iran almost banned mining and then I read somewhere that it warmed up to crypto currencies due to the looming US conflict. idk what to make out that troubled situation anymore.

If I were you, I would set up an Iranian exchange. That would be much profitable I guess?

Dude, stop following me around with your shit posts. You commented on that other thread about News aggregator and now here again.

Take a look at your posts



both are utter shitposts, sooner or later some out of job forum detective would come here and say I am an alternate account of your or whatever.

You are not reading the content of his post, he has a piece of land that can be used for the mining farm, and he doesn't have the technical knowledge to set up one, he wants a mining farm because he already has a certification, now why urge him to set up an exchange when he has no technical knowledge and his interest on mining farm because of the land he has, and besides you needs big money and a coding skill to set up an exchange.

This is a sound advice, get a partner who is knowledgeable in the business your venturing.This way you can start a business right away and minimize some error. Just put all in writing have contract for the terms you both agreed so that its legit and smooth sailing.Hope you find a reliable partner,good luck.

That guy is a shitposter. Don't mind him.
Honestly, I also have a hard time believing anything that the OP says as well. No way someone has so much land, they could build a castle or whatever. Build small domiciles and rent it out.
Before we deviate from topic, here's what OP should really do.

Take out some loan to build a huge ass solar farm. Earn from the electricity, pay off debt and then slowly build up the mining farm. This would be a game for the long haul. I am not sure how much time OP has in their hand and if they are indeed interested in doing so.

Well, ignoring the fact the user disappeared, giving him the befit of doubt that he wanted to say m2 not km2 and so on...
I wouldn't set up a mining farm there if I were a foreign investor.

First, the risks of investing in a foreign country, the obvious government agenda against foreigners.
Second, yeah, it might have the 11 climates but the really cold ones are in the mountainous areas and very few of those places are close to some inhabited zones, are you going to build a mining farm with miners worth millions that could be loaded into a truck in a few hours 200km away from the first village?

I would stay away from risk zones and even from some of the ex soviets states, the risks are not worth it since there are so many countries with cheap energy and far more secure and friendly.

As for the OP, if he really means it he should probably search for the partner in his own country or between his own friends and acquaintances, here the chances are slim to none.

If I would invest money, the Iran isn't the country I'm looking for.
I know it's not your fault and maybe your a nice guy, but how you can guarantee that your regime isn't take down my farm one day?
Constitutional states are the only option imo.

Your chance is quite better to find an investor directly in Iran.

Buy a small equipment and start mining on small scale. You will learn while you are doing this, and you will learn and know if it is worth expanding.

I guess you need to read this, Iran announces power tariffs for crypto miners; offers bounty for exposing illegal operations (https://finance.yahoo.com/news/iran-announces-power-tariffs-crypto-104516761.html).

Not unless you wanna pay that tariff and I'm expecting it to be huge, so there's a huge risk as other have mentioned. So I guess it will be better to scrap that idea, or get out of Iran if you really wanted to have a bitcoin mining farm, IMHO.

I think OP stated that he already got a mining certification  he should just follow all the existing regulations on how to run one if he is that serious, it's better to do a partnership to someone or a group that are experts on how to set up mining rigs, and everything should be in contract, and under government monitoring.

But if everything is under government monitoring then he can't go full blast with his project and it could take years before he can get his ROI. So there are still risk here on his end as we all know that their government is very unstable so I'm not sure if this is the right idea specially in his country, just saying.