Since you are willing to open your own cloudmining services, i recommend that you share with others the mining rigs in the firm, no one will trust those services without proof of mining. Secondly, i think having a positive income - ROI - is a must, users will ask you about how much they need to wait for ROI, the cost of the contract, the maintenance fees...
You have to run it for a period so you can study your project before launching it.
Got it, we can open an Instagram to showcase real photos and videos of our mining rigs in our farm and the progress of growth as people invest. It will have the day's newspaper or date with our company logo on it to showcase that we are making a fresh, new video every time
ROI-wise I think the majority of it that involves our part simply comes down to how much our mark-up will be because even just building your own mining rig, there is still that endeavor's own ROI waiting period.
We would redirect them to widely available mining calculators, basically as if they were building their own mining rigs. Because we cannot control the market, ROI would be something we cannot indefinitely give our final word on and would be risky for me. The only thing I can control is the price I am offering them our services at.
The simplest answer I have for most people would be that most businesses set up from the ground-up where you don't do much, most people don't begin seeing profits until 2 years minimum down the road. In the field of mining it can be a completely different scenario, but with cloud mining there is mark-ups and maintenance that we take care of for the end user so they have peace of mind at the end of the day.
We are looking into following the same model as Genesis mining and a very low maintenance fee @ potentially 8-10%. Simply a clear marked-up price + electricity costs pegged at $0.06kw/h. We are still comparing with other services to see what we can bring to the table. Contracts will be for 2 years just like Genesis.
So far we are some of the things we are looking to bring to the table of cloud mining services
-User controlled wallets (like how localethereum handles theirs, instant withdrawals, users hold private keys so they can import it to any wallet application they like)
-Low maintenance @ 8-10% and electricity rates @ 0.06kw/h
-No taxes on our business so less overhead to deal with (no taxes, etc passed onto you, so more room with our ability to wiggle with contract prices, you will still have the responsibility of reporting taxes to your respective region outside of this obviously)
-Transparency
-Clean, responsive website based on React.js and Ruby back-end.
More to come! Always looking for suggestions.
We are in the process of developing a website now. If anyone knows a developer they can refer, would be very much appreciated as well.
I will keep updated here our progress
For the meantime here are some pictures of our first rigs we have set up! Customers I met with that wanted to do a per say "test run"
We are setting up more as well at the end of this week, we aren't multi-million dollar operationjust yet but we are working with a sizeable sum of money to start-up with at about $1 million to boot.
We are starting with Monero XMR and simultaenously will be setting up machines for Ethereum and ZCash as well along with some machines directed towards RavenCoin RVN.
Our foundation Monero XMR machine
48x Vega 56 set up hashing @ 1731h/s average each (PPT Tables set up and everything) on Monero XMR.
https://imgur.com/a/brGuHNP we are filling that whole room up with miners! we're estimating we can easily fill the room with at least $1 million worth (that one rack right there is about $40k-$45k~) and that is just to boot, we have more warehouses and buildings to work with (some former factories).
it's very cold up in this location and we are getting proper intake and exhaust ventillation installed to handle the amount of miners that will come in here, the efficiency of the Vegas definitely help to boot in comparison to past GPUs, a lot less GPUs required for higher hashrates)
