We would like your opinion about using BitBank for crowdfunding?  So if you have used or knowledge about their services your input is greatly  appreciated.

Columbia Basin Mining, LLC (CBM) is expanding its Bitcoin mining operation by 10MW. Our plan is to launch a crowdfunding campaign to provide capital for the expansion.

The crowdfunding campaign will feature some exciting perks which will allow backers to obtain Bitcoin at $600 or less. To gauge interest in this campaign, we have launched our CBM website www.columbiabasinmining.com.

Please visit our website, where you can find more detailed information and sign-up to receive updates related to the campaign.

[We will not answer any questions regarding our business plan in the open forum.]

We are seeking a professional business plan writer.  This business plan will be for bitcoin mining, so extensive knowledge about bitcoin mining is also desired.

We do have a current business plan, but need to refine and add information. 

Please send us a PM with your qualification, and pricing.  We are not looking for the cheapest price, we are looking for quality of work.

We will not answer any questions regarding our business plan in the open forum.

[We are not asking you to sign an NDA at this time, until you or I deemed it necessary.]

We are seeking individuals WHO are extremely knowledgeable in all areas of bitcoin mining.

We have bitcoin mining experience, but wish to obtain outside perspective on our project and goals, to avoid the pitfalls of so many.

If you have experience with ASIC design, PC Board Design, Controller, and/or software experience for monitoring miner(s), please contact us.

We/You may need to discuss confidential information, inasmuch as both parties would benefit from a mutual NDA.
We are not asking you to sign an NDA at this time, until you or I deemed it necessary.

If you feel you can assist us, please send a PM to us, as we will be locking this thread to avoid unnecessary distractions in our goal.

Please read our posting in the Securities

[Any investor desiring a refund before April 15, 2016 we will be charged 2% fee based on the returned amount.]

Columbia Basin Mining, LLC (“CBM”) is a Washington State Limited Liability Corporation, located in Moses Lake, WA.

Our co-founder owns two different parcels of land having access to 10 megawatts of power each. He is giving CBM the land rights so we can have nearly 20 megawatts of power for our mining project.

We also have the possibility to lease property with 13 megawatts.

At this time we are seeking accredited investors to assist in a 1 megawatt prototype build to show a Proof of Concept to potential larger investors.

This initial cost of the prototype will include financing the permits and running power to the property from the substations. This cost alone is estimated at $250K from the Public Utility District (PUD).

With one megawatt of power we should have minimum of 6.0 PH/s (0.6%) of the current hashing rate (1 EH/s).

Our electricity cost with all taxes and fees is $0.0256 kW/h.

The overall build is estimated to cost $2.1M (roughly 6000 BTC based on $350 USD).

We are offering 21% of CBM (or 0.0035% per 1 BTC) investment. All investment funds will be held in a cold wallet (1CBMwaCqYWQriKP73hxD8HeCY9mMGGtfbZ).

Once the investment funds reach 30% of target $630,000 (appox. 1800 BTC) we will start construction on the first 0.20 megawatts of mining.  We estimate this build to be 60 days, after which we’ll add additional mining for every $70,000 (appox. 200 BTC) collected.

Should CBM fail to reach the necessary 30% of target on or before April 15, 2016 all funds will be returned to the investors minus a miner’s fee of 0.0002 BTC.

We will be continuously seeking private placement to complete the full 20 megawatt project, and the return of your initial investment. Your ownership percentage will not be diluted because of the private placement.

CBM revenue is the accumulation of all bitcoin mining between Monday – Sunday in a calendar week (“Mining Week”). The earnings will be based on the gross mining revenue from the “Mining Week”, and the valuation will be determined by the spot price of Bitcoin in USD from CoinBase.com the day following the “Mining Week” at 12:00 PST.

CBM is estimating expenses at 35% of gross mining revenue, and will pay earnings based on net proceeds after mining expenses. All earnings are paid within 10 days following the “Mining Week”, by Company cheque (“check”). The investor may elect to receive bitcoin in lieu of check, but all reimbursement calculations are based in USD as if receiving a check.

The earnings amount is dependent on the percentage of investor’s overall ownership, but anticipating 325% ROI over 4 years.

Multiple investors are also welcome.

If you have questions, please email, private message or Skype us. Some information may require signing a Mutual Non-Disclosure Agreement. We will post all relative questions in this thread along with the answer, as long as it does not violate any vendor’s NDA. If any question needs additional research, please allow us ample time to respond.

Any investor desiring a refund before April 15, 2016 we will be charged 2% fee based on the returned amount.

This posting is not a scam, and any such statements and/or unwanted spam posting will be removed.

[(Mining support, Pools, Mining software (miners), Hardware, Mining speculation)]

We have an issue with a moderator moving our thread from Mining Speculation, and seeking a reversal.

Our primary propose of this thread is seeking investors to help purchase land and start our Bitcoin Mining operation.  We make it clear this is Bitcoin Mining, and as the section is called “Mining Speculation” and we definitely full under that category based on the dictionary definition.

Dictionary.com states speculation:

engagement in business transactions involving considerable risk but offering the chance of large gains, especially trading in commodities, stocks, etc., in the hope of profit from changes in the market price.

Also of the Mining section child boards (Mining support, Pools, Mining software (miners), Hardware, Mining speculation) there is no other choice but to offer our business model in “Mining Speculation”. 

If you look throughout the "Mining Speculation" board, you will find other such posting selling cloud mining, and asking to start a bitcoin mining farm.

All we ask is to please have our thread place back.

Thank you for your time.

[Service Announcements]

Investor Suitability "Accredited Investor" (PDF)

Please view our posting on Service Announcements board.

Questions have been asked, and answered on this thread.

Thank you for your interest.

[We are just wondering how many members here would qualify as "Accredited Investor". (Poll is for 14 days)]

We are just wondering how many members here would qualify as "Accredited Investor".  (Poll is for 14 days)

An "accredited investor" is defined by Rule 501 of Regulation D under the Securities Act of 1933 as:

(1)   Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, simple business trust, or partnership not formed for the specific business purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

(2)   Any director, executive officer, or Company of the issuer of the securities being offered or sold, or any director, executive officer, or Company of a Company of that issuer;

(3)   Any natural person whose individual net worth or joint net worth with that person's spouse, at the time of his or her purchase exceeds $1‚000,000;

(4)   Any natural person who had an individual income in excess of $200,000 or joint income with that person's spouse in excess of $300,000, in each of the two most recent years and who reasonably expects to reach the same income level in the current year;

(5)   Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, who purchase is directed by a "sophisticated person" as described in Rule 506(b)(2)(ii) of Regulation D promulgated under the Securities Act (i.e. has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment);

(6)   Any entity in which all of the equity owners are accredited investors; or

(7)   Any bank as defined in section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in section 3(a)(5)A) of the Securities Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to section 15 of the Securities Exchange Act of 1934; any insurance company as defined in section 2(13) of the Securities Act; any investment company registered under the Investment Company Act of 1940 or a business development company as defined in section 2(a)(48) thereof; any Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958; any plan established and maintained by a state, its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors.

[UPDATED NOW SHARED]

Investor Suitability "Accredited Investor" (PDF) UPDATED NOW SHARED*


*Sorry this was an oversight on our end.