Mining farm ICO

[digitmining]

Hello. We plan to build a new mining farm, using ICO based on Ethereum. Our token entitles holders to up to 50 percent of the profits from mining, paid using the Ethereum contract. Dividends are paid monthly. We have a place with inexpensive electricity and software that can switch the mining coin to more profitable at the moment. It is planned about 100 rigs with 6 GPU each. What do you think about the idea with ICO?

[iluvpie60]

Hi all. We plan build new mining farm using ICO based on Ethereum. Our token will entitle holders to 50 percent of the mining profits, paid out using a profit-sharing Ethereum smart contract. Dividends are paid out on a month basis. We have place with low cost electrucuty and monitoring software that can switch mining coin to the most profitable in current moment. In our plan 100 rigs with 6 GPU each. How do you think is idea with Mining farm ICO realizable?

If you are planning on doing this you need a lot more than a paragraph. Where are your pictures and who are the people involved?

Also you need to check your spelling if you want people to take you seriously.

[crazyivan]

Where is the farm going to be situated? What country?

[digitmining]

Where is the farm going to be situated? What country?

Eastern Europe

[equator]

You have to give the full details about the project and where is it situated and some pictures that should be live pictures of the project and some proof of the projects that does it really working or it is just like some other fake scam ICO. So after when you give full details then only other can give you details about the project is worth to invest or not.

[digitmining]

If you are planning on doing this you need a lot more than a paragraph. Where are your pictures and who are the people involved?

You right, but now we want to understand the interest as a whole.
We will publish white paper and submit our team if we understand that this approach is real.

p.s. sorry for spelling English not native for me

[crazyivan]

Where is the farm going to be situated? What country?

Eastern Europe

Where in Eastern Europe? There s big difference between Croatia and Moldova, for example in terms of power price and business environment.
Also, how would this work in terms of investor protection. What stops you from running away after you get the money for funding.

[BestWebCreator]

Instead of writing a simple amd short text about what the project is about, I advise you to create a big business plan so that potential investors are attracted by your project. Now the project looks a bit shady since you just wrote four lines and than are planning an ICO.

[digitmining]

Instead of writing a simple amd short text about what the project is about, I advise you to create a big business plan so that potential investors are attracted by your project. Now the project looks a bit shady since you just wrote four lines and than are planning an ICO.

Of course, we will provide a business plan, white paper and introduce the team with all the details, but first we want to understand whether there is a sense to move towards ICO. We do not know the examples of the ICO for the mining farm, and perhaps there will be no interest.

[digitmining]

Where in Eastern Europe? There s big difference between Croatia and Moldova, for example in terms of power price and business environment.
Also, how would this work in terms of investor protection. What stops you from running away after you get the money for funding.

What stops any person from running away after he get the money?

We are interested to discuss how an investor can be protected.

[yslyv]

Good idea but not enough proof that you can do it. Introduce your self your team, inform about your plan, location, area size, estimated investment size etc etc.

[digitmining]

Good idea but not enough proof that you can do it. Introduce your self your team, inform about your plan, location, area size, estimated investment size etc etc.

Sure we will do it.

[BestWebCreator]

I think it is a good idea, but you need to ensure the ICO investors a guaranteed return. You can do this by spending 50% of the ICO funds on mining gear and keep the other 50% of the funds in escrow. U also need to make daily video/photo updates so we can see the progress, transparency and consistency is the key. This will lead to a great and profitable project. It will cost you alot of time and effort and don't expect big profits at once.

[digitmining]

I think it is a good idea, but you need to ensure the ICO investors a guaranteed return. You can do this by spending 50% of the ICO funds on mining gear and keep the other 50% of the funds in escrow. U also need to make daily video/photo updates so we can see the progress, transparency and consistency is the key. This will lead to a great and profitable project. It will cost you alot of time and effort and don't expect big profits at once.

Good advice, thank you

The creating daily diary with photo and video reports in our plans.

[onemanatatime]

Mining farm - so you are planning to rent out the hash power? Or will you be mining it yourself?

Why ICO? What do investors get out of it?

[vasrasus]

This will just end up like cloud mining. Am I right? Actually this idea is a brilliant but in the past year when mining are still profitable. The difficulty of blocks and transaction are very slow ATM. I don't think so that ICO mining is a wise choice. See SONM project for inspiration.

[digitmining]

Mining farm - so you are planning to rent out the hash power? Or will you be mining it yourself?

Why ICO? What do investors get out of it?

No, it is not cloud mining. We plan mining it yourself and pay investors 50% coin was mining.
May be no need ICO if we found investement in other way.

[crazyivan]

Would you be willing to meet in person? Still waiting to hear where in Eastern Europe are your located?

[digitmining]

Would you be willing to meet in person? Still waiting to hear where in Eastern Europe are your located?

Yes you can meet in person if there is interest.

Head office in Russia.

[crazyivan]

Would you be willing to meet in person? Still waiting to hear where in Eastern Europe are your located?

Yes you can meet in person if there is interest.

Head office in Russia.

Ah, sorry, that s too far east for my case. Good luck.