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Author Topic: Looking for a business partner for bitcoin mining on VENEZUELA  (Read 925 times)
demihuman (OP)
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August 04, 2017, 08:35:43 PM
 #21

You know Maduro's Lackeys can arrest you and your equipment anytime, right?

The Bitcoin mining in Venezuela isn't a wonderful world of easy and fast income. The electricity there is cheap for some reason, I don't know certainly why, but it's faked by the government to sell people the false impression you have an advantage there in your country. You can't use it as you wish, there are limitations.

If they discover you are using electricity too much they will start investigating it and will get you. It have already happened once: http://reason.com/blog/2017/02/03/venezuela-sur[Suspicious link removed]ests-mining

Instead of trying making fortune this way, you should give some support to your people who are dying on the streets to destroy these monsters created by yourselves over the last decades. No offense, but seems that is the priority there or soon it won't be a country anymore and the situation will become even worse, there won't be even cheap fake electricity to mine Bitcoins. And the solution isn't run to neighboor countries...

Hi bro,

With all respect, you have no idea of what you are saying about the false impression of advantage. Its called it socialism (is BS, but still), basic services like gas, water, electricity, or even phone bill, are very very cheap because they want to everyone get access to those services. Why and how they do it? well, this is from much way back of Chavez in 1998, the state generating a lot of money with oil, can afford to do those kind of things. But doing that generate people who don't appreciate how much the things value, for example, the fuel, the cheapest on earth, generating more damage that it own cost (you can full 70 lts with 0.02 cents, a gun on CS-GO worth more than that), and everyone gets mad if they try to put it more expensive, even knowing that we are losing from every way in that point.

If you think that free electricity or any other services, are things of an advantage country, you are wrong, people should pay the right price, not more, not less, the real cost for a quality service (just a moral thing, i'm still trying to take advantage of the free electricity doing this)

But anyways. Just an informative thing, i can use the electricity with NO limitations and on my wishes, i can consume a lot power even to make me notice for they to see me, and if they check and it turns out that the reason of power consumption is like i have 50 split air conditioner in my home, they won't do anything. But if they find out something like the news you post, obviously thing will go bad, and as i said before, as long you have 10 machines maximum per power bill, nobody will notice anything.

And about those last words, not trying to make a fortune with that, just to live well here, and because you don't know me, i can tell you this things about me: i help everyday on my streets in the way i can with the resources i have, i love my country in fact, and i don't wanna leave, and neather run to a neighboor countries where i won't be treated right just because i come from another country, and i'm not asking money to leave my country, i wanna make business, that's all.
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August 05, 2017, 12:32:18 AM
 #22

You know Maduro's Lackeys can arrest you and your equipment anytime, right?

The Bitcoin mining in Venezuela isn't a wonderful world of easy and fast income. The electricity there is cheap for some reason, I don't know certainly why, but it's faked by the government to sell people the false impression you have an advantage there in your country. You can't use it as you wish, there are limitations.

If they discover you are using electricity too much they will start investigating it and will get you. It have already happened once: http://reason.com/blog/2017/02/03/venezuela-sur[Suspicious link removed]ests-mining

Instead of trying making fortune this way, you should give some support to your people who are dying on the streets to destroy these monsters created by yourselves over the last decades. No offense, but seems that is the priority there or soon it won't be a country anymore and the situation will become even worse, there won't be even cheap fake electricity to mine Bitcoins. And the solution isn't run to neighboor countries...

Hi bro,

With all respect, you have no idea of what you are saying about the false impression of advantage. Its called it socialism (is BS, but still), basic services like gas, water, electricity, or even phone bill, are very very cheap because they want to everyone get access to those services. Why and how they do it? well, this is from much way back of Chavez in 1998, the state generating a lot of money with oil, can afford to do those kind of things. But doing that generate people who don't appreciate how much the things value, for example, the fuel, the cheapest on earth, generating more damage that it own cost (you can full 70 lts with 0.02 cents, a gun on CS-GO worth more than that), and everyone gets mad if they try to put it more expensive, even knowing that we are losing from every way in that point.

If you think that free electricity or any other services, are things of an advantage country, you are wrong, people should pay the right price, not more, not less, the real cost for a quality service (just a moral thing, i'm still trying to take advantage of the free electricity doing this)

But anyways. Just an informative thing, i can use the electricity with NO limitations and on my wishes, i can consume a lot power even to make me notice for they to see me, and if they check and it turns out that the reason of power consumption is like i have 50 split air conditioner in my home, they won't do anything. But if they find out something like the news you post, obviously thing will go bad, and as i said before, as long you have 10 machines maximum per power bill, nobody will notice anything.

And about those last words, not trying to make a fortune with that, just to live well here, and because you don't know me, i can tell you this things about me: i help everyday on my streets in the way i can with the resources i have, i love my country in fact, and i don't wanna leave, and neather run to a neighboor countries where i won't be treated right just because i come from another country, and i'm not asking money to leave my country, i wanna make business, that's all.

I'm not saying the cheap electricity is an advantage, I agree people should pay the right price, what I'm saying is that the demagogic government have made it this way to sell people a false impression of advantage and it's not.

Well, even you have your tricks to make this mining operation work it's still very risky, for you and for investors, but specially for you. But if you choose to do it, good luck anyway...

I really admire those who are on the front fighting this government, I wish to you all the strenght to start a new age in your country. In general, it's not only a Venezuela's goal, but a goal of all the South America, to kick these socialist asses out of here. Fuerza!

 
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August 05, 2017, 02:32:08 AM
 #23

Hi guys,

I'm new in this forum and i hope this is the right board to right about it.

I'm a 25 yr old boy living on Venezuela, in the city of Caracas.

I'm looking for some partners outside Venezuela to do some business on bitcoin mining in my country.

For those who don't know, living on Venezuela has a really huge advantage for bitcoin mining. The electricity is almost free, and i have the plus that i live in a good place of Caracas where the power supply is always on.

If you wanna know more about it, read this link:

https://fronteranews.com/news/latam/the-secret-dangerous-world-of-venezuelan-bitcoin-mining/

Anyways, i wanna do some serious business with responsible people, basically going 50/50 with the profits.

Anyone interested on this, can write me back.

Have nice days guys.


Just like on what others said here you wouldn't really get those investors that you do seek for. I do have a friend from your place and He said about the electricity rate and its really somehow nearly on free rate because it is soo cheap and its really a paradise for those who do mine bitcoin but one problem here is the Government who handles that place, it does really suck bigtime. Too much hassle for a certain investor to come in your place just to mine and its really a dumb thing to do.

Hi,

Yes, sound like risky if you are alone and don't know the place, but that's why i'm here, i'm the guy who know how can run it and i know the city i've live all my life. I don't need to be worry about the government or the police. And again, for the investor, there's no need to come here to do or move a finger on it, i'm here to do the work, he just will see his profit.
Yes,i know your point but you would really have a hard time on finding investors knowing that we are talking about money here and speaking of mining it involves quiet a lot of money and no one would easily entrust you to hand those amount of money on a random guy in the other side of the world. Want to ask, how can you assure that you wont scam if a certain person decide to give you the hand on making mining farm?

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August 05, 2017, 06:06:04 PM
 #24

Let me ask you a question. Tomorrow if some random guy knocks on your door and says he wants you to invest something in a work, would you instantly oblige and invest ?

Please put yourself in the investor's shoes and answer all the questions beforehand if you were the investor and some unknown person asks for investment in whatever venture.
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August 06, 2017, 08:15:07 AM
 #25

It's a great idea, but as everyone has said it takes 2 minutes to write your initial post that's all we have on you.

aside from the current situation the future situation is just to convoluted and the ROI for someone in US dollars is minimal.


I actually work near a 2nd hand computer parts shopping mall in China, and have often wondered why these hundreds of cpus and video cards aren't put to better use.



why not just live stream some hotties/porn like the other foreign dudes down there.

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