It's nice to see you, Eric.
You have done an excellent job for HaoBTC. Many people use their service.
I see that you created your own business? Sinohash is your child?
You have great confidence of many members of this forum. I will read your offer.
Since the topic is actually marketing, tell me what are your strengths. Say something you will not find yet on the page please.
As I see there are some disadvantages. The customer pays for the repair of equipment. And as we know s9 breaks down often. That is why many people choose hash or Pacmic in hashnest. Skipping profitability.
What are the prices in the winter and in the summer? Summer price probably is not on the page? I found only winter price in RMB. It might be worthwhile to set the price at $? And of course How can I pay? BTC, Paypal, Bank etc?
Thanks for the kind words.
Yes I did create SinoHash and built a moderate-sized mining farm as part of it - thanks to a friend that I was lucky to meet during my previous job.
I suppose marketing was part of the motivation behind creating the topic, but I also did it out of spite and maybe bitterness from my observation that this in space only two types of people seem to be around long enough in this space - scammers and suckers - predatory service providers target greedy and often ignorant investors with unrealistic expectations. If you want to present to your prospects with a coolheaded balanced analysis of mining, chances are you wouldn't get any business.
Speaking of strengths, I dont think I have any ostensible advantages over larger Chinese mining firms in terms of cost - while the electricity prices I pay is fairly low, so are theirs.
I may have lower costs than Western miners - being located in China afford you the advantage of cheaper hardware and faster deployment. It is incredibly cheap to build mining farms here and perhaps cheaper to operate them.
If there is any advantage over other Chinese firms, that would be that I intend to keep this venture as small as possible - I don't hire developers, I use off-the-shelf e-commerce solutions and third-party pools, I don't have any ambition to do things for prestige - why not launching this or we are world's first that.
I however do see there are advantages inherent of my model as opposed to the ohters, not advantageous to me as a businessman, but advantageous to the customers.
First, most cloudmining contracts' value hit zero the moment you reach breakeven point - but with hosted mining, you can sell your hardware which has diminished in value but not worthless or if you are confident price will bounce back, you can mine at a controlled loss.
Second, I can't run a ponzi by paying old users with new users' money. Users own the hardware and have verifiable hashrate - if something goes wrong, you have me to be held accountable.
But the downside is that I don't promise you positive return, it is all up to the market.
Third, you are dealing with a real person, not a faceless company.
Right now I have less than ten clients, one of them hosted 100 S9s - I may get another 10 and that's it - done. I only have 1 megawatt to rent. Right now I reply everyone' email and we build friendship out of business relationship. Some suggested that I rip people off by charging them 10USD for 24 hour S9 trial, but the only person paid for it, I give him 36 hours - he mined more coins than what he could have paid for with the 10 dollars.
I am now charging RMB 0.3 per kWh. I pay a flat rate so I can charge a flat rate. I may or may not be able to find a cheaper place for summer. So for now, all I can promise is RMB 0.3 per kWh.
In response to your concern over repair cost - Again, being in China, you can repair your miner cheaply. You can send your miner to Bitmain's Shenzhen address and usually Bitmain would repair it free of charge. But do you think a cloudmining service magiclly have all their miners never breaking down? They just socialized the loss of indiviudal miners to make it less visible.
The USD price is 0.045 per kWh and you can pay in BTC, Paypal or Bank - the last two less recommended.
