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Author Topic: Mining farm ICO  (Read 5415 times)
digitmining
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May 20, 2017, 05:17:04 PM
 #21

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

No problem.
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May 20, 2017, 08:40:26 PM
 #22

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.
Than I would be happy to invest in this project. Now work on your plan and build a team of interested people. Than launch your ICO and make this project a big succes. I wish you good luck, I actually think this could be very profitable if done in the right way.
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May 21, 2017, 01:15:53 PM
 #23

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.

yes,, daily report with real videos is very good idea,,
this is only to make sure that you are really build a mining farm..
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May 21, 2017, 10:36:12 PM
 #24

I think you should make a website about your mining farm. Make some business investment analysis so  readers can estimate how much they will invest in your mining farm
digitmining
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May 22, 2017, 05:34:19 AM
 #25

I think you should make a website about your mining farm. Make some business investment analysis so  readers can estimate how much they will invest in your mining farm

yes, white paper and website in process
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May 22, 2017, 10:19:20 AM
 #26

Looks interesting, how much is the electricity where you plan to mine? Will you be mining in Russia or in which country? I also agree that a part of funds should be in escrow for the protection of funds this would calm the investors. There already exist containers with cooiling and mining rig and can be transferred anywhere, but they are expensive (450k+). Also how much money is needed for the project and the min. investment?
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May 22, 2017, 10:55:17 AM
 #27

Power in my country is 6 cents per KWH, on average. I m sure Russia is even cheaper.

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May 22, 2017, 11:05:32 AM
 #28

Nice, I added 0.06$/kWh and pool fee 2% and you could get ROI under 280 days now that price is so high. However looking at long term even  2-3 years would be OK, which is great. How long does the mining rig last on average, before replacing it? 
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May 22, 2017, 11:46:58 AM
 #29

Looks interesting, how much is the electricity where you plan to mine?

3 cents per KWH

Will you be mining in Russia or in which country?

Russia

I also agree that a part of funds should be in escrow for the protection of funds this would calm the investors. 

How much? We are ready to discuss the mechanism of investment protection.

Also how much money is needed for the project and the min. investment?

from 250K to 500K, min. 1 token = 1 USD

p.s. If you have any suggestions, we will be happy to hear them

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May 23, 2017, 11:22:38 PM
 #30

Nice idea. Possible to get involved? Pm pls (in Russian as well)
digitmining
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May 24, 2017, 05:38:27 AM
 #31

Nice idea. Possible to get involved? Pm pls (in Russian as well)

About PreICO? Only not less "Sr. Member" members can participate in it
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May 24, 2017, 06:17:02 AM
 #32

Russia? How certain are you that the Russian government will not ban Bitcoin & Crypto currencies? They have been hot and cold on the subject for years now. The two sides within the Russian government is not talking from the same mouth. We have been seeing huge shifts in statements that has been made, on the one hand they are banning it and the next moment they give out good vibes. ^confused^

Political uncertainty is a big business killer. ^hmmmmm^

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May 24, 2017, 06:56:47 AM
Last edit: May 24, 2017, 07:27:45 AM by digitmining
 #33

Russia? How certain are you that the Russian government will not ban Bitcoin & Crypto currencies? They have been hot and cold on the subject for years now. The two sides within the Russian government is not talking from the same mouth. We have been seeing huge shifts in statements that has been made, on the one hand they are banning it and the next moment they give out good vibes. ^confused^

Political uncertainty is a big business killer. ^hmmmmm^

There are farms that dig bitcoins many years in Russia

Bitcoin is not banned in Russia; it's simply not regulated by law at the moment

By the end of this year, such a law is planned to be adopted and it does not ban Bitcoins, but regulated

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May 24, 2017, 02:58:53 PM
 #34

Nice idea. Possible to get involved? Pm pls (in Russian as well)

About PreICO? Only not less "Sr. Member" members can participate in it

Not only that, in terms of working on the backend and devops of the solution, statistics gathering, analytics, and all other things potential team member could do
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May 25, 2017, 06:40:54 AM
 #35

Dude, this idea popped into my mind last week. Also from Eastern Europe, but currently I live in Taiwan. I was thinking I can find slightly cheaper wholesale hardware here, since lots of semiconductor companies manufacture here. I was also thinking going with renewable energy for the farm/mine.

What I want to know first are the market trends... I have no idea where to start. I know ETH is big now, but it will dip. I don't expect it to completely deflate, but it can't sustain its current growth. Also PoS is incoming at an unknown time. Will there be any other alts who will be profitable with GPUs? Would you diversify and buy some ASICs? Why go ICO and not a loan (for me personally, I might be able to find funding from relatives)?

These are all questions I've been asking myself. What are your thoughts? How far into the planning are you?
digitmining
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May 25, 2017, 07:14:41 AM
 #36

What I want to know first are the market trends... I have no idea where to start. I know ETH is big now, but it will dip. I don't expect it to completely deflate, but it can't sustain its current growth. Also PoS is incoming at an unknown time.

We plan mine profitable altcoin at the moment - we have software that will switch mining based on online data.

Will there be any other alts who will be profitable with GPUs?

Yes, so much.

Would you diversify and buy some ASICs?

Yes, possible.

Why go ICO and not a loan (for me personally, I might be able to find funding from relatives)?

If we find investors, we no need ICO.

How far into the planning are you?

Our ROI time less 6 month. After that we plan build other farm.


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May 25, 2017, 07:32:52 AM
 #37

What I want to know first are the market trends... I have no idea where to start. I know ETH is big now, but it will dip. I don't expect it to completely deflate, but it can't sustain its current growth. Also PoS is incoming at an unknown time.

We plan mine profitable altcoin at the moment - we have software that will switch mining based on online data.

Will there be any other alts who will be profitable with GPUs?

Yes, so much.

Would you diversify and buy some ASICs?

Yes, possible.

Why go ICO and not a loan (for me personally, I might be able to find funding from relatives)?

If we find investors, we no need ICO.

How far into the planning are you?

Our ROI time less 6 month. After that we plan build other farm.




 Grin It's funny, lots of the specs and conditions you mentioned are the same as I thought. I am very interested in the progress of your project - if you start a blog or website, please let us know here. I think I will work on a business plan this summer and see if I will get into the business or not. If we both try to do this at the same time, maybe we can figure out some sort of cooperation (on software and hardware development), if you're open to the idea Wink
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May 25, 2017, 01:19:03 PM
 #38

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.
Well its just a suggestion not totally a proposal because if he  tend to make a proposal to public then this words aren't enough same as you said because public wont really be convinced on such thing. ICO might be possible but only to the people who resides near on your place but talking about on other edge of the world investors I don't think there are people who would jump on this one.



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May 25, 2017, 01:50:41 PM
 #39

 Everyone can participate in ICO. Why would you limit it only to people who are close? If whitepaper is OK, team is visible, funds in escrow why not?
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May 25, 2017, 02:13:45 PM
 #40

I think this would be a very nice plan.
However you would need to be very transparent.
Pictures, public mining addresses etc.
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