[petahash] Biggest private mining operation looking to go partially public

[petahash.io]

Hello Bitcoin Community,

My name is Amitkumar Jayantilal Patel, i am 33 years old and i am an UK citizen.  My family and parents are of Indian origins and emigrated here in UK over 50 years ago.
In the past months, i have invested around 1 Million US Dollars in mining hardware  from various vendors, for a total computational power of around 200 TH/s.
Some hardware has been already delivered and it's currently mining, but most of it is still on queue and should be shipping in the next month.
By making a forecast of the return, using cex.io tool, i came up with a potential return of ~2200 BTC in the first four months of mining, starting on March.
That means with a strategy of 90% funds reinvestment, I will have the ability to scale the computational power properly, according to the increase of difficulty.

So why I am looking into going partially public?
My goal is to reach 1 PH/s of total computational power earlier than what I could achieve with my own liquidity, so i am looking to sell out to investors a part of the operation, in order to gain the funds to develop some strategic relationships with current ASIC providers and/or put the desired power on order as soon as possible.

The financial head of the venture will be a UK registered company, with legitimate office space and support staff, while the mining datacenter is being currently setup in mainland China to benefit from low labour and electricity costs.

This is just a preliminary presentation, would like to get your feedbacks and opinions.

More details will come soon.

EDIT

I am posting some screenshots of existing orders at various vendors, Bitmine.ch, Cointerra.com, Kncminer.com

https://i.imgur.com/6Jo7cJ0.jpg

https://i.imgur.com/NdxHBMC.jpg

https://i.imgur.com/dd1opqp.jpg

https://i.imgur.com/xkzHPWo.jpg

As said, i have contacted Havelock investments as said to further verify the legitimacy of this venture. I am also available to responding more questions here.

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[petahash.io]

reserved for Q/A

[Anotheranonlol]

[damiano]

This isn't going to go over to well in here....

[petahash.io]

Would you mind to provide some more intelligible feedback ?

[damiano]

If your going to come in here and ask for money you better provide some heavy documentation/ proof that all this hardware exists.

There have been some serious scams over the past 6-9 months where a lot of people lost a lot of money.

I don't think you will get any interest without providing a lot of info

[dropt]

Would you mind to provide some more intelligible feedback ?

Take a look at some of the other IPO offerings from Mining farms.  They're a good example of what people would expect.

For starters you have no prospectus.  You haven't proven that any farm currently exists.  What you have provided is a bunch of words strung into sentences, and those my friend, are cheap and easy to come by.

[petahash.io]

If your going to come in here and ask for money you better provide some heavy documentation/ proof that all this hardware exists.

There have been some serious scams over the past 6-9 months where a lot of people lost a lot of money.

I don't think you will get any interest without providing a lot of info

Would you mind to provide some more intelligible feedback ?

Take a look at some of the other IPO offerings from Mining farms.  They're a good example of what people would expect.

For starters you have no prospectus.  You haven't proven that any farm currently exists.  What you have provided is a bunch of words strung into sentences, and those my friend, are cheap and easy to come by.

Alright, thanks for the clarification. I understand your points. Which kind of hard proofs are needed in this case? i am taking a glance at the threads right away.

[MPOE-PR]

Hello Bitcoin Community,

My name is Amitkumar Jayantilal Patel, i am 33 years old and i am an UK citizen.  My family and parents are of Indian origins and emigrated here in UK over 50 years ago.
In the past months, i have invested around 1 Million US Dollars in mining hardware  from various vendors, for a total computational power of around 200 TH/s.
Some hardware has been already delivered and it's currently mining, but most of it it's still on queue and should be shipping in the next month.
By making a forecast of the return, using cex.io tool, i came up with a potential return of ~2200 BTC in the first four months of mining, starting on March.
That means with a strategy of 90% funds reinvestment, I will have the ability to scale the computational power properly, according to the increase of difficulty.

So why I am looking into going partially public?
My goal is to reach 1 PH/s of total computational power earlier than what I could achieve with my own liquidity, so i am looking to sell out to investors a part of the operation, in order to gain the funds to develop some strategic relationships with current ASIC providers and/or put the desired power on order as soon as possible.

The financial head of the venture will be a UK registered company, with legitimate office space and support staff, while the mining datacenter is being currently setup in mainland China to benefit from low labour and electricity costs.

This is just a preliminary presentation, would like to get your feedbacks and opinions.

More details will come soon.

See here.

[Anotheranonlol]

Would you mind to provide some more intelligible feedback ?

Hi,

No

Kind regards.

[DeadwoodDan]

In the past months, i have invested around 1 Million US Dollars in mining hardware  from various vendors, for a total computational power of around 200 TH/s.
Some hardware has been already delivered and it's currently mining, but most of it it's still on queue and should be shipping in the next month.

LOL okay Chief

[railzand]

Sexy O'Toole

[petahash.io]

Hello Bitcoin Community,

My name is Amitkumar Jayantilal Patel, i am 33 years old and i am an UK citizen.  My family and parents are of Indian origins and emigrated here in UK over 50 years ago.
In the past months, i have invested around 1 Million US Dollars in mining hardware  from various vendors, for a total computational power of around 200 TH/s.
Some hardware has been already delivered and it's currently mining, but most of it it's still on queue and should be shipping in the next month.
By making a forecast of the return, using cex.io tool, i came up with a potential return of ~2200 BTC in the first four months of mining, starting on March.
That means with a strategy of 90% funds reinvestment, I will have the ability to scale the computational power properly, according to the increase of difficulty.

So why I am looking into going partially public?
My goal is to reach 1 PH/s of total computational power earlier than what I could achieve with my own liquidity, so i am looking to sell out to investors a part of the operation, in order to gain the funds to develop some strategic relationships with current ASIC providers and/or put the desired power on order as soon as possible.

The financial head of the venture will be a UK registered company, with legitimate office space and support staff, while the mining datacenter is being currently setup in mainland China to benefit from low labour and electricity costs.

This is just a preliminary presentation, would like to get your feedbacks and opinions.

More details will come soon.

See here.

Okay, it's not a crime. It's just the first step down the road which brings pretty much 9x% to crime within six months to a year. So, here are some simple easy steps for your convenience.

0. Starting a bitcoin business is a liability. The first thing you need to understand, and you need to understand it well. At sixteen hundred hours while you were sitting around your living room scratching your ear you were worth X. Your life, your ideas, your business, the shit around your house that you own, all that which makes up your life, added together, worth X. At sixteen fifteen, eight minutes after you had started your Bitcoin business you were worth X-k, where k is always positive and SIGNIFICANT. Starting a Bitcoin business is a liability, it makes you worth less. In fact, all the rest of your life in Bitcoinland will be attempts, more or less successful, to limit and reduce that liability. This is the outlook you must have not in order to be successful, but in order to have a shot at it. This is the outlook you must have in order to not guarantee failure.

1. Identify yourself to the community. This means, at the very least, creating a WOT account. If you do not have a WOT account you are not part of Bitcoin business. This is the criteria, no matter what you might think. That's where everyone looks, no matter what social media might be telling you. If you aren't in the WOT you aren't in Bitcoin.

 

This is completely understood, and i have already contacted Havelock Investments about verifying my ID and the whole concreteness of this project.

[petahash.io]

UPDATE
We have received positive reply from Havelock and an application form. Business plan is under development.

[MPOE-PR]

This is completely understood, and i have already contacted Havelock Investments about verifying my ID and the whole concreteness of this project.

Having some irrelevant third party "verify your ID" has nothing to do with what was described. Where's your WoT identity? Why are you "developing" your business plan after announcing an intention to IPO? These are the kinds of things that distinguish you as someone who hasn't thought this through, doesn't understand the market, and isn't qualified to handle others' funds.

Understanding doesn't mean trying to finagle "alternatives" to the standard that bypass the work involved (it's there for a reason, you know). That's called weaseling, and while plenty of people do it, it's never a good choice.

[petahash.io]

This is completely understood, and i have already contacted Havelock Investments about verifying my ID and the whole concreteness of this project.

Having some irrelevant third party "verify your ID" has nothing to do with what was described. Where's your WoT identity? Why are you "developing" your business plan after announcing an intention to IPO? These are the kinds of things that distinguish you as someone who hasn't thought this through, doesn't understand the market, and isn't qualified to handle others' funds.

Understanding doesn't mean trying to finagle "alternatives" to the standard that bypass the work involved (it's there for a reason, you know). That's called weaseling, and while plenty of people do it, it's never a good choice.

You did talk about trust and identity, so i have assumed it would be relevant somehow, i think Havelock does it's homeworks in verifying the legitimacy of asset issuers as well.
I don't have a WoT identity yet, i will look into it.
Business plan is being developed in detail now, and was already started before; Your assumptions are a bit exaggerate.
This is a real mining venture, and i will be posting pictures of datacenter with hashing devices, and provide informations about progress on monday or tuesday.

[MPOE-PR]

also i think Havelock does it's homeworks in verifying the legitimacy of asset issuers.

And you base this on what, exactly?

I don't have a WoT identity yet, i will look into it.
Business plan is being developed in detail now, but was already planned before; Your assumptions are a bit exaggerate.
This is a real mining venture, and i will be posting pictures of datacenter with hashing devices, and give informations about progress on monday or tuesday.

The point is not whether you're developing your plan "in detail" or not, now. The point is that you're attempting to set up an IPO before you have a business plan. This doesn't involve any assuming, these are the facts as you've presented them.

Pictures are nice and all, but an IPO is an actual, established, respectable thing. Throwing some impressions around and putting some pics in here and there isn't it. If you just want to raise some funds or whatever go sell people on kickstarter. Taking an operation public is a serious step that requires serious planning, and the involvement of BTC isn't a get out of work free card.

[petahash.io]

also i think Havelock does it's homeworks in verifying the legitimacy of asset issuers.

And you base this on what, exactly?

On the wealth of informations requested in their application form and on plain hope.
 
I know what an IPO is, and the complex preparation needed. I am not rushing anything, As i have mentioned earlier this is just a preliminary presentation in order to gather interest and feedbacks.
I actually do not need your funds to scale the mine properly. This is a business opportunity, meaning that all parties involved will profit from it. A business plan is being developed and those who will want to invest will be free to do so. I am not trying to scam or convince anyone.

[petahash.io]

You're a UK citizen and yet can't write proper English. Even if I'm not a native speaker it just hurts to read you.

But hey, go to Havelock, I'm sure they will gladly accept crap that will never turn a profit for the investors.

No Comment. You are here as a troll ?

[petahash.io]

 

The point is not whether you're developing your plan "in detail" or not, now. The point is that you're attempting to set up an IPO before you have a business plan. This doesn't involve any assuming, these are the facts as you've presented them.

Pictures are nice and all, but an IPO is an actual, established, respectable thing. Throwing some impressions around and putting some pics in here and there isn't it. If you just want to raise some funds or whatever go sell people on kickstarter. Taking an operation public is a serious step that requires serious planning, and the involvement of BTC isn't a get out of work free card.

I don't understand why you guys thought i was going straight for an IPO, i titled the post accordingly "looking to go partially public", specifically meaning that this is just a test for interest.
Of course an IPO is a serious and complex matter, should it involve BTC or FIAT money as source of funding. I am not underestimating this.
This is by no means a "fly by night" operation, i am here to build a viable business and a profitable company for both investor's and personal gains.