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Author Topic: My Bitcoin mining farm under construction  (Read 4596 times)
RichestLizza
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October 26, 2017, 03:46:59 PM
 #1

This mining farm is located in Inner Mongolia, China.  The first two 2-floor building will be ready in next month and the power supply will be 10000 kW. In the beginning of next year we will build 7 builds and total power consumption will be 50000 kWh.

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BitcoinMiningAustria
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October 26, 2017, 04:01:03 PM
 #2

Awesome, what kw price do you get over there, and how did you got the money for it investors ? 

What about the mining ? Do you use antminers ?  How many ?

RichestLizza
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October 26, 2017, 04:11:25 PM
 #3

Awesome, what kw price do you get over there, and how did you got the money for it investors ? 

What about the mining ? Do you use antminers ?  How many ?



The price I got from the power grid is about 0.3 CNY/kWh. The other two shareholder are my old friends. We started buying Bitcoin from 2013/2014. So we earned enough money to build this farm. 


In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining. 

Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.
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October 26, 2017, 04:23:39 PM
 #4

That's cheap power

I pay .9 CNY or 0.14 USD (after taxes)

I joined Bitcoin Forums in 2013 - But I did not buy bitcoin  Huh

On with it!!
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October 26, 2017, 04:37:27 PM
 #5

That's cheap power

I pay .9 CNY or 0.14 USD (after taxes)

I joined Bitcoin Forums in 2013 - But I did not buy bitcoin  Huh

We will offer cloud mining service after construction. Stay tuned.
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October 26, 2017, 04:45:14 PM
 #6

This is my "Introduce yourself" post on steemit.com. https://steemit.com/introduceyourself/@somebody/sabydee-grettings-from-laos

Last year I invested 54 BTC (valued 300 kUSD now) on Steem. Now it's only 34k.  Cry
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October 26, 2017, 04:47:12 PM
 #7

It is good to see someone getting involved in mining bitcoin today with a new start. I see your project as a big one, personally I don't have even nerves to think of mining in 2017.

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shield132
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October 26, 2017, 05:11:53 PM
 #8

Awesome, what kw price do you get over there, and how did you got the money for it investors ? 

What about the mining ? Do you use antminers ?  How many ?



The price I got from the power grid is about 0.3 CNY/kWh. The other two shareholder are my old friends. We started buying Bitcoin from 2013/2014. So we earned enough money to build this farm. 


In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining. 

Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.

Hosting service and cloud mining together offered by one service? Not a bad deal, but since you are going to offer cloud, what will be benefit for us? Will it be better than hashnest, hashing24 or etc? (all of them are bad to my mind). What will be different? Less fees? I think it will be better for you to offer something like contracts, for example similar of pacmic on hashnest.
It will be hard to gain trust on cloud mining + people don't look this seriously because I believe it will be bettee to buy miner and host somewhere, for example in your mining farm.

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Erelas
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October 26, 2017, 05:21:44 PM
 #9

Congratulations to both you and your friends for having the foresight and drive to build this, and I do hope it works out well for all of you!

I'll check out your Steemit post and with power that inexpensive you'll be competitive because a lot of cloud mining services have lost the faith of the community.  That is probably already in the front of your mind and taken into account, as I will be watching with real interest. Smiley

Ahha, I saw your little angel, she is precious!

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BitcoinMiningAustria
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October 26, 2017, 05:27:14 PM
 #10

Fun Fact by the way calculated the electricity cost, i pay 0,058$ per Kilowatt Cheesy


BTW:. Also making a Mining solution in my town in the Austrian alps.

Interested on what im doing send me a pm Wink



hacker1001101001
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October 26, 2017, 05:52:32 PM
 #11

This mining farm is located in Inner Mongolia, China.  The first two 2-floor building will be ready in next month and the power supply will be 10000 kW. In the beginning of next year we will build 7 builds and total power consumption will be 50000 kWh.














???Congratulations for this farm. Its a huge project. I am totally inspired from you and want to build a same here in india in the future. Really a great job Smiley

CriptoIngresos
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October 26, 2017, 06:04:19 PM
 #12

It's definitely an ambitious project. You guys will need a lot of intelligent management in order to succeed, specially with so many could mining projects going to waste or being outright scams.

I'll keep an eye on the project, please let us know if you will open a website or social media accounts to be notified about any news. Good luck and thanks for sharing!  Smiley
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October 26, 2017, 07:31:59 PM
 #13

This mining farm is located in Inner Mongolia, China.  The first two 2-floor building will be ready in next month and the power supply will be 10000 kW. In the beginning of next year we will build 7 builds and total power consumption will be 50000 kWh.














A well planned investment. All the best.  Hope you build buildings as you planned. Mining is a good platform to invest now. I am sure you have chosen mining tools with best specifications required.

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October 26, 2017, 08:09:12 PM
 #14

Good luck with your mine.  I am in the process of implementing my third one.  Please keep us updated.
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October 26, 2017, 08:11:20 PM
 #15

I admire you. I want to live out of digital currency in one or another way too, too prove my bosses wrong and better provide for my family Smiley

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October 26, 2017, 09:22:45 PM
 #16

How did you manage to agree with the authorities?
It was hard to get permission?
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October 26, 2017, 10:52:24 PM
 #17

Is your power hydro electricity or coal based?
RichestLizza
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October 26, 2017, 11:28:00 PM
 #18

How did you manage to agree with the authorities?
It was hard to get permission?

Yes. We registered a project company at the county. We signed investment agreement with the local government, finished  Feasibility Study Report, Environmental Assessment Report, Safety Production Assessment Report, etc. Many documents, many approvals, and costs.

We also purchased the land from the government, 50 years right of use. Totally about 13000 square meters.

The governor and officials visiting my farm: https://imgur.com/w76WryK



RichestLizza
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October 26, 2017, 11:34:05 PM
 #19


Is your power hydro electricity or coal based?

It's using power from the power grid, not particularly hydro or coal.  So it's more stable than hydro, no need to migrate at dry seasons.

Inner Mongolia province has lots of installed capacity, including coal, wind and solar.

We construct a 10kV transmission line from the 4km far substation.
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October 27, 2017, 12:58:13 AM
 #20

If i can ask whats ur estimated hashing power
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