I think, if you really are serious here you need to specify electricity costs which are the main concern for every miner and your plans for cooling etc. Just "building a large farm" aint gonna cut it I think.
That's why we post here earlier to get your feedback and answer all your questions.
All depends on how much we will gather.
One rig (6x 1070) should take ~1kw/h so it gives us 0.13 usd/h 3.12$ per day per one rig. So for today mining Zcash we get $18.40 on 24h minus electricity it gives us $15.03 per mining rig.
That’s for now, we are in the middle of negotiations with our electricity supplier, but for better pricing we need to know how many rig we will be able to build. The higher power need the better price for kw/h we get For now it’s 0.13 USD per 1 kw/h
1) How different is this from existing cloud mining companies like Genesis and Hashflare?
2) If you guys haven't started this yet, then things would get difficult each passing day. are you all waiting for raise funds first and then buy the equipments?
3) As you know with each day the difficulty of the coin would increase which in turn means less profit unless we keep upgrading our equipment’s. How you plan to tackle this? As an investor I wouldn't want to keep investing each month without seeing any returns.
T
4) You should provide more transparent details like what is the total hashpower you have, what you will mine, what's the electricity cost and so on.
5) What kind of control the investor have on the mining rig? hat is the use/functionality of the web interface that you guys will be providing to customer?
6) Last but not the least, why should someone invest in this project as compared to the ones already in the market. Afterall, 90% of the could mining are scams. Not saying this is too, but from investors perspective definitely, this raises a concern.
1)
This will be 100 % opened and clear project for our coin holders, with fixed rate of payouts. You will have access to everything you will be willing to know, starting from our renting bills, to current hashrate, malfunction. Please look into our project as a “local Global” mining farm not as a cloud mining. What you are investing is real hardware with real people behind it.
But the most important thing is that coin holders will decide about the future of the project.
For eg. majority of coin holders will vote for paying back 95 % of earnings… we will do it
Or they vote for buying more rigs and want to spent 40% of all earnings for that in 2 months. We will do it. Your own vote will have an impact for all the project
2)
Yes, that’s why we want to go BIG. Once we will know how much money we will gather we will start everything.
For now we are making contacts and negotiate prices for everything but to be 100 % sure, we have to know how much we will be able to spend (To negotiate good prices )
3)
That will be all on coin holders. For now we suggested that 50 % of earnings will go to you as a payout (once every two months) and 45 % will go for hardware upgrade, 5 % to us as a maintenance fee.
But if coin holders will want to do it another way… there will be voting in motion ( see answer for question n* 1)
4)
I believe this question is already answered . Total hash power will be dependable on how much money we will gather.
5)
For security and of course common sense not much of a “control”. Investor will be able to look up current hashrate of all rigs (In general and detailed for every rig), bils for everything (electricity, rentals etc.)
The main functionality of the web page will be open communication with us and VOTING, as well as earnings distribution.
We want to be as open and willing get personally for every our investor as it can be.
6)
That’s why we took matter in our hands. Our most important rule is to be clear with you on every matter (that’s not concerning security, hope you understand ) .
We are also miners so we know how this works. As you said 90% scam.. this is correct.
But we have clear and simple rules that we will be applying from the day one. We cannot promise you numerus of bitcoins after that. But what we can promise is that we take no compromise. High quality of service needs more money That’s why we need your help, to do it 110 % as it should be we need financial support, in return we will cooperate on every level of our project with you. (to our main coin holders we will share our phone numbers and planning to set up weekly online meetings )
