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Author Topic: My Bitcoin mining farm under construction  (Read 4709 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

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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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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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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



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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

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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?
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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



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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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October 27, 2017, 02:50:27 AM
 #21

If i can ask whats ur estimated hashing power

End of year it will be 100P and next year 500P.
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October 27, 2017, 02:57:01 AM
 #22

Photos took this morning.

https://imgur.com/LflRsKR

https://imgur.com/tN0uOz5

https://imgur.com/9hRp2PC

https://imgur.com/a7a8SCD

https://imgur.com/e2vwX33
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October 27, 2017, 09:43:18 AM
 #23

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.
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October 27, 2017, 11:53:59 AM
 #24

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.














That is a good farm and you will surely get a huge success in it. Also the amount if miners you have is great and it will really give you a lot of profit daily. How much profit do you estimate daily? And also do you work with any huge team because the farm is huge and a lot of investment would be needed fir building it as all the modern machinery,s are been used there.

Mining will be profitable and with your such a large farm, you will mine most of the coins. Your mining farm will be added in some top mining farms globally.


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October 27, 2017, 01:09:15 PM
 #25

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
RichestLizza
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October 27, 2017, 01:23:04 PM
 #26

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.

https://imgur.com/SyCK1Ep

https://imgur.com/htG80iC

https://imgur.com/0IV3CyN

https://imgur.com/e3Xivs6

https://imgur.com/mk8U604

https://imgur.com/wJ8KBso

https://imgur.com/DKHuCMc
That is a good farm and you will surely get a huge success in it. Also the amount if miners you have is great and it will really give you a lot of profit daily. How much profit do you estimate daily? And also do you work with any huge team because the farm is huge and a lot of investment would be needed fir building it as all the modern machinery,s are been used there.

Mining will be profitable and with your such a large farm, you will mine most of the coins. Your mining farm will be added in some top mining farms globally.

We build this farm to provide hosting service to clients. So we just invest in the construction and we can cover it by ourself.
CriptoIngresos
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October 27, 2017, 06:05:21 PM
 #27


Thanks for keeping us updated. Looking good so far, you mentioned that your first floor will be ready next month, do you plan to start mining right away or are you going to wait until you finish building the remaining floors?

It's really interesting seeing a project from the ground up, I'll keep monitoring this thread.
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October 27, 2017, 06:44:29 PM
 #28

What miners will you use?
Congrats for the project !

People who live in glass houses shouldn't throw stones.
PandaminerScam
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October 28, 2017, 02:16:14 AM
 #29

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.
RichestLizza
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October 28, 2017, 02:45:49 AM
 #30


Thanks for keeping us updated. Looking good so far, you mentioned that your first floor will be ready next month, do you plan to start mining right away or are you going to wait until you finish building the remaining floors?

It's really interesting seeing a project from the ground up, I'll keep monitoring this thread.

In next month two builds will finish, each is two floors.
RichestLizza
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October 28, 2017, 03:04:06 AM
 #31

How many slant eyes did it take to dig those ditches and stack those bricks?

More than twenty workers.
RichestLizza
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October 28, 2017, 03:31:51 AM
 #32

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

I sold first batch of cloud mining contract on August 30. For some reasons I couldn't order miners from Bitmain and after about ten days I stop trying negotiate with Bitmain and returned the money back to clients ( Some clients choose to wait for next batch miners).

Then on Sep 19 I sold the 2nd batch contracts after I confirmed order with Bitmain. These miners will be shipped between Nov 10 to Nov 20 from Bitmain. It takes about one week to ship from Shenzheng factory to our farm. In the contract we promised to start mining in two weeks after we receive the miners. I never sold contracts that start paying from Nov 1st.

Yes it's true that I didn't send the contracts to the clients yet. It will be done in next week. I explained that in the wechat group.

I don't know if you purchased my cloud mining contracts or not. If you feel worried I can purchase back you hashrate according to the market price now. I think you know how to contact me.

Now we are working day and night to accelerate the construction. It's never not easy to run a business like this.

Working last night:
https://imgur.com/nlEP3Up
https://imgur.com/eijRddN

Steel structures arrived this morning:
https://imgur.com/eijRddN


RichestLizza
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October 28, 2017, 04:02:08 AM
 #33

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C
https://imgur.com/0Pajj4C
PandaminerScam
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October 28, 2017, 06:56:49 AM
 #34

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C
https://imgur.com/0Pajj4C
Yep that's the round two contract, there is a round one contract as well which s9 machines arrives in the first week of Nov right?
RichestLizza
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October 28, 2017, 09:35:29 AM
 #35

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C
https://imgur.com/0Pajj4C
Yep that's the round two contract, there is a round one contract as well which s9 machines arrives in the first week of Nov right?

Yes.  We wanted to order S9 shipping from Nov. 1st to Nov. 10th. From Shenzhen to Inner Mongolia needs about one week. And In the contract we promised to start mining in two weeks after we receive the miners. So it's now start paying from Nov. 1st.

Moreover, that contract was canceled and I returned the money back to clients.
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October 28, 2017, 10:41:35 AM
 #36

Update afternoon Oct 28:

https://imgur.com/c3Q430A
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October 28, 2017, 12:27:32 PM
 #37

Update afternoon Oct 28:



are you worried about this: https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/
what is your opinion?

People who live in glass houses shouldn't throw stones.
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October 28, 2017, 02:03:29 PM
 #38


That's just an ICO. I'm not confident that 7nm will come out next year.
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October 28, 2017, 02:56:54 PM
 #39

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.


https://imgur.com/e3Xivs6

just marvellous, congrats....   

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October 28, 2017, 03:42:32 PM
 #40

Wow. That's really a big investment as you'll be building a new home for your miners. Hope you'll get your ROI after a couple of months.

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October 28, 2017, 04:07:34 PM
 #41

Nice and gratz, looks  like lovely farm.
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October 29, 2017, 02:21:37 PM
 #42

Good luck building your gigantic farm.
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October 30, 2017, 02:16:35 AM
 #43

wow nice project.wish u the best!!!!looks amazing,would like to have my own farm xD

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October 30, 2017, 03:25:01 AM
 #44

You should be renting an existing building instead of spending much more money to build a new one.
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October 30, 2017, 06:25:33 AM
 #45

You should be renting an existing building instead of spending much more money to build a new one.

You should be renting an existing building instead of spending much more money to build a new one.

We want to build a long-running business. So it's better to own the land and build the mining farm from scratch.


Update Oct 30:
https://imgur.com/w6jhsfV

https://imgur.com/p36ayga
goldchain
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October 30, 2017, 06:44:02 AM
 #46

OP, is it legal to build Bitcoin mining farm, especially inside China? I heard that China government just tracked and shut down several Bitcoin mining farms recently.

Anyway, I wish you all the best with this project.

PS: Love your long term vision and hope everything turns out well  Wink
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October 30, 2017, 09:21:49 AM
 #47

Update afternoon Oct 28:

https://imgur.com/c3Q430A
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!
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October 30, 2017, 10:03:21 AM
 #48

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.















Qouted

I wonder Why I cant see the images,
I've always been a farm of mining farms, what us the source of power or how they are making some powerful hash-power. Im hoping that if you are a Jr. Member, you can fix the link of the images and we can view the progress of you're mining farm. POWER


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RichestLizza
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October 31, 2017, 02:50:28 AM
 #49

OP, is it legal to build Bitcoin mining farm, especially inside China? I heard that China government just tracked and shut down several Bitcoin mining farms recently.

Anyway, I wish you all the best with this project.

PS: Love your long term vision and hope everything turns out well  Wink

The Chinese government defines Bitcoin as "digital commodity". It's legal to hold, buy, sell or produce such "digital commodity".

The reason that the government call stop ICOs and shutdown the exchanges is there are two many cheating, manipulating the market, etc.

So it's total legal to build and operating mining farms in China.

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October 31, 2017, 02:58:04 AM
 #50

Update afternoon Oct 28:

https://imgur.com/c3Q430A
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!

Thanks for you offer. We need thousands...

We already ordered more than 2,000 miners. and more in the future.
RichestLizza
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October 31, 2017, 03:22:30 AM
 #51

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.

https://imgur.com/SyCK1Ep

https://imgur.com/htG80iC

https://imgur.com/0IV3CyN

https://imgur.com/e3Xivs6

https://imgur.com/mk8U604

https://imgur.com/wJ8KBso

https://imgur.com/DKHuCMc

Qouted

I wonder Why I cant see the images,
I've always been a farm of mining farms, what us the source of power or how they are making some powerful hash-power. Im hoping that if you are a Jr. Member, you can fix the link of the images and we can view the progress of you're mining farm. POWER

i don't know how to attach images so I uploaded them to imgur.com and posted the url here.

How can I become a Jr. Member?
bit247
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October 31, 2017, 08:12:35 AM
 #52

man, that is huge...

BTC: 35DtMsEK1g1xVMKh4V7beAyguiU9qcHwtF  || ETH: Hacked Sad
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October 31, 2017, 08:19:01 AM
 #53

WoW it's beautiful I'll stay tuned to this post

The knowledge token: http://witcoin.io
PandaminerScam
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October 31, 2017, 12:14:10 PM
 #54

The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!

He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...

Stay away from him. You will lose money.

Do I know you?  show you evidence please.
Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C
https://imgur.com/0Pajj4C
Yep that's the round two contract, there is a round one contract as well which s9 machines arrives in the first week of Nov right?

Yes.  We wanted to order S9 shipping from Nov. 1st to Nov. 10th. From Shenzhen to Inner Mongolia needs about one week. And In the contract we promised to start mining in two weeks after we receive the miners. So it's now start paying from Nov. 1st.

Moreover, that contract was canceled and I returned the money back to clients.

Thank you for admitting that you have defaulted on the contract. Cancelling the contract is not acceptable as there were no terms in there that allows you to do one way cancellation. When you sign a cloud mining agreement with your client, you must carry out the terms no matter what!

Your clients and I (indirectly) have lost a lot of profit that we could have made if you actually honored the contract.
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October 31, 2017, 01:24:56 PM
 #55

Uff.. This is serious even if you gave the money back..
The opportunity cost can be skyhigh for the clients that signed the first contract which was one-sidedly revoked ...
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October 31, 2017, 10:36:49 PM
 #56

How many MegaWatts is this facility?
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November 01, 2017, 01:02:41 AM
 #57

How many MegaWatts is this facility?

They are starting at 10 mega watt and will be on 50 mega watt next year

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November 01, 2017, 01:33:07 PM
 #58

Update afternoon Oct 28:

https://imgur.com/c3Q430A
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!

Thanks for you offer. We need thousands...

We already ordered more than 2,000 miners. and more in the future.
I hear you. I do international retail for a big wholesaler, nut they also mine. 2 of their own farms, plus hosting. It's crazy.

Anyway, if you ever need units asap, let me know. We always order way more than we can use. Still have some October S9's as well as L3+, D3, 741. 761 are on the way, too.

I'm new, amd need to build up trust in the community, so I'll hand-deliver in mainland China to get positive feedback!

Keep up the good work, and keep the pictures coming!
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November 01, 2017, 02:17:13 PM
 #59

Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?
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November 02, 2017, 02:57:23 AM
 #60

It's not easy. You need to get many approvals, reports.  Everything costs.

The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.

Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?
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November 02, 2017, 03:06:51 AM
 #61

Update Nov 1st:

https://imgur.com/ds4nCif
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November 02, 2017, 03:11:47 AM
 #62


WOW that's awesome!
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November 02, 2017, 03:52:41 PM
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The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.


Haha, dealing with drunk construction workers can't be fun.
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November 02, 2017, 04:06:07 PM
 #64

It's not easy. You need to get many approvals, reports.  Everything costs.

The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.

Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?

have you encountered the drinking issue when trying to get approvals, reports, docs or just with construction workers ?

People who live in glass houses shouldn't throw stones.
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November 02, 2017, 04:11:48 PM
 #65

Looks terrific, congrats!!  Are you going to be doing any co-location or only cloud mining. 
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November 02, 2017, 04:36:11 PM
 #66


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


I am wondering how much did you pay for your L3+ and S9. How much of a volume discount did you get?
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November 02, 2017, 11:19:05 PM
 #67

It's not easy. You need to get many approvals, reports.  Everything costs.

The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.

Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?

have you encountered the drinking issue when trying to get approvals, reports, docs or just with construction workers ?

You need to drink with the officials to build good "relationship".
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November 03, 2017, 01:48:53 AM
 #68

It's not easy. You need to get many approvals, reports.  Everything costs.

The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.

Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?

have you encountered the drinking issue when trying to get approvals, reports, docs or just with construction workers ?

You need to drink with the officials to build good "relationship".

If drinking is all you need in your country to build good relationships then you are a lucky man

People who live in glass houses shouldn't throw stones.
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November 03, 2017, 02:15:39 AM
 #69


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


I am wondering how much did you pay for your L3+ and S9. How much of a volume discount did you get?

There is no discount. The price is public.   Cry
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November 03, 2017, 03:01:24 AM
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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.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!

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November 03, 2017, 03:27:55 AM
 #71


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.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!



Yes. We provide miner hosting  service.
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November 03, 2017, 03:33:26 AM
 #72


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.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!

Yes. We provide miner hosting  service.

GREAT ! keep us updated this is something I think that can not only help you cover costs but diversify your income.

Keep us in the loop Cheesy  Grin Grin
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November 03, 2017, 05:26:51 AM
 #73

Update Nov 3rd:

https://imgur.com/0kBIFvM
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November 03, 2017, 09:45:55 PM
 #74


good progress man, congrats and good luck with biz.

Are you planing to go only asic or?

HODL
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November 03, 2017, 10:50:39 PM
 #75

Wow OP! I'm happy for you. You are certainly blessed with 0.3 CNY/kWh. I can only dream of paying that. GL and be safe.
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November 04, 2017, 01:37:04 AM
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good progress man, congrats and good luck with biz.

Are you planing to go only asic or?

Most miners will be ASIC. We also have plan to do other computing tasks, such as 3D rendering, deep learning, etc.
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November 05, 2017, 12:21:00 AM
 #77

Update Nov. 5th: Transformers arrived.

https://imgur.com/MUVSiKJ

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https://imgur.com/JyNAYUX

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November 05, 2017, 10:14:33 PM
 #78

That's really a great news. Nice place to put up a mining farm. Also the electricity cost in China is very cheap. I think it will be successful. I hope you will also consider  cloud mining. Just curious, do you need approval or permit from the government? Anyway, keep us posted and congrats in advance!.

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November 05, 2017, 10:51:25 PM
 #79

That's really a great news. Nice place to put up a mining farm. Also the electricity cost in China is very cheap. I think it will be successful. I hope you will also consider  cloud mining. Just curious, do you need approval or permit from the government? Anyway, keep us posted and congrats in advance!.

Yes we need to get approvals from government.
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November 10, 2017, 11:19:46 AM
 #80

Hey Lizza,you have a very beautyful project there, and its very very nice to see it grown up  with your pictures.
Will follow this thread here : )

Best regards
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November 10, 2017, 11:47:18 AM
 #81

This is great, i'd defiitely join in.
Was researching on starting my own bitcoin minnimg when i saw this thread.
thanks.
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November 11, 2017, 02:06:24 AM
 #82

This looks very cool, I think you can turn in a lot of profit especially mining in China. Just asking, what is the price of electricity there? Free?

I also never knew mongolia was a part of china
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November 11, 2017, 05:18:46 AM
 #83

How much does the whole project cost u?
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November 13, 2017, 12:37:51 PM
 #84

How much does the whole project cost u?

About 1.5 MUSD.
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November 13, 2017, 11:29:43 PM
 #85

This looks very cool, I think you can turn in a lot of profit especially mining in China. Just asking, what is the price of electricity there? Free?

I also never knew mongolia was a part of china

Sure is not part of China now. We are located in Inner Mongolia, which is a province of China.
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November 14, 2017, 12:24:21 AM
 #86

Update No. 14:

https://imgur.com/ny1t7i7

https://imgur.com/C0gqV0h

https://imgur.com/Ta0cG9p
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November 14, 2017, 02:39:07 AM
 #87

How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?
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November 14, 2017, 10:30:28 PM
 #88

How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?


We use our own money to construct this mining farm. Then we offer hosting service to other people.
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November 14, 2017, 11:09:35 PM
 #89

How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?
this is very surprising if indeed there are investors who go to finance this, because everything has not been clearly reflected, ina will actually make the investors lose their money and without getting any results. maybe this is just a joke. because I am sure they will think constantly when going to finance this. because real this is something that might be in vain.

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November 15, 2017, 12:21:45 AM
 #90

How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?


We use our own money to construct this mining farm. Then we offer hosting service to other people.

While you are building the farm, why don't you send me several Antminer S9's to mine with?  I'll split the net profits 50-50 with you.  I will pay for my own electricity.  That way you can get some income going while the place is being built.
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November 15, 2017, 12:55:22 AM
 #91

Bitcoin miners are a very hot profession. It is attracting a lot of big investors. If you have a cheap source of energy, a place with the right temperature, you will succeed.

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November 15, 2017, 02:22:09 AM
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Is it possible to get better price for asics from bitmain? How to negotiate with them?
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November 15, 2017, 02:28:32 AM
 #93

wow you must spend high cost money to build your mining farm and i can not imagine how much the money it is. but i think its worth to build mining farm if you have cheap electricity fee so you can reduce the biggest cost in mining farm. with that farm and with 600 L3+ and 200 S9, i think you can make huge profit for a long term. i wonder what is the sites you used for cloud mining or hosting.
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November 16, 2017, 12:31:00 AM
 #94

The returns on a mining farm will be very high.  I hope you make the profit quickly to make up for the big investment you made.

Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?

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November 16, 2017, 03:59:04 AM
 #95

The returns on a mining farm will be very high.  I hope you make the profit quickly to make up for the big investment you made.

Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?
Correct much better if they will build alternative supply of electricity like solar, waste or wind energy to maximized the profit of their mining site. They can get the capital of their alternative energy power in the income of their current mining site.
Hoping that mining of my friends would be like this our income would be like rain (non-stop) and we are planning to build cloud mining if our mining site would be successful we want to share our blessing to other who want to earn in bitcoin but we are firstly focus in our countrymen.

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November 16, 2017, 11:29:41 PM
 #96

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.















Good, I have a few questions.
How are you going to sustain such power and what will be your power source?
What is your ventalation because 2 storey buildings usually have lower floor to ceiling height.
Please update us with your improvements, this would be a great reference for the community.

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