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Author Topic: Business Idea Feedback Needed  (Read 1550 times)
Robert_K
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February 19, 2014, 11:31:08 PM
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GimmeFreeBtc
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February 19, 2014, 11:39:05 PM
 #2

Form is locked.
MakeBelieve
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February 19, 2014, 11:43:44 PM
 #3

I would rather you post about the company here and I provide feedback here as I don't like clicking on links because a link can easily be disguised.

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devthedev
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February 20, 2014, 12:00:40 AM
 #4

3 things I like about the idea
- The ability to use different payment methods
- Ability to choose the script coin to be mined.
- Independent miner partnerships.

3 suggestions for improvement
- Possibly being able to purchase the mining equipment for a reduced price after a set amount of time.
I don't have any further genuine suggestions for improvement given this information.

I definitely think the idea is feasible, I like the concept of your company partnering with independent miners looking to rent out their hash rate and acting as a middleman.
Transparency would be best for a company like this as well!

1GHjZuQYZFyegvh82ss2v22xcGT8KL3X8Q

Thanks!


rmines
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February 20, 2014, 12:05:23 AM
 #5

3 things you liked about the idea:

First of all I like that you involve your target audience and potential customer base by asking for guidelines on this forum. This shows that you are involved, responsive and listen to your customers.
Second, as you primarily focus on renting out miners that you maintain yourselves, you are able to offer better quality compared to other companies acting as middlemen.
Lastly, being located in the US and specifically TX, you are able to save on energy costs which will increase your profit.


3 suggestions for improvement
Also make sure you are advertising on social media such as twitter, facebook and youtube, these will also increase help with SEO.
Before launching, I would let someone do a security audit to make sure your site is secure and not easily exploitable.
Think about uptimes and reliability: do you have (D)DoS protection? Does your DC provide UPS / backup electrical generation systems? Are your backups been taken care of? Do not forget to actually test to restore a backup.

Do you think the idea is feasible?
I believe so if you take good care about marketing, and think the aforementioned things through. You seem to have thought well about it and have already assembled a team.

Any additional comments/suggessions
Try to communicate honestly and quickly with your customers. Being honest pays of in the end in this business, and it never hurts to quickly tell people whats up e.g. when a server fails.
It also might be better in the beginning to use a cloud service for hosting your website. This could cost you a bit more from an economical POV, but it will ensure that you are better protected against high amount of visitors at irregular intervals, and DDoS protection.

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Mythul
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February 20, 2014, 12:15:56 AM
 #6

3 things you liked about the idea:

Looking for support from the bitcoin community and listening to them.
USA location gives credibility.
It's great that you develop third party apps to monitor the activity. In todays time this is a must.

3 suggestions for improvement
Top notch customer support is extremely important in the bitcoin community.
Promotions from time to time.
Clean design for your site/apps.
Cute mascot maybe ?
Easy to understand user guide for n00bs(pdf/video etc.).
Youtube video about your offer.

Do you think the idea is feasible?
The idea is good and if you will try to provide good customer support which this community lacks a lot you will gain a lot of customers.

Any additional comments/suggessions
Good communication with your customers.
Try to find a nice logo/mascot.

BTC Address: 1GYJpxPmYU8iRCBu28mDeYSN3aM6RU9nPh

DanielVG
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February 20, 2014, 12:36:10 AM
 #7

3 things you liked about the idea
-A competitive platform compared to other similar projects
-error margin for the customer is non-existing
-IT security specialist (you never can have enough security!!!)

3 suggestions for improvement
-very cheap permanent contract
-expand management team with person handling PR and customer support full time
-automated change-over to most profitable coin and which percentage you want automatically sold to preferred coin.


Do you think the idea is feasible?
Yes, definitely!  As the hashes go from G to T to P these are the platforms that will bring them to the masses.

Any additional comments/suggessions
AS a customer i would be very interested in a site that can cloud mine several alt coins, as much as possible actually, and setup how i want the distribute into sales automatically.
For example:
-always mine most profitable coin and sell as 20%litecoin/20%dogecoin/50%bitcoin. 10% unchanged.
This is a very interesting way to collect &distribute several kinds of coin while the profit margin of the customer is not in complete danger when a coin dies.


Hope that gave you some fresh inspiration!  


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February 20, 2014, 01:26:18 AM
 #8

3 things you liked about the idea:

- Customer orientation (transparency included)
- Promptitude in paying your customers
- Competitive prices

3 suggestions for improvement

- Plan how to communicate with your customers about problems and what of this communication will be transparent (solving problems and sharing that with other customers will create the image of a responsible management team); facebook can be a very good feedback source. In general feedback sources from customers  should be considered very seriously.
- Include a "champions" miner section on main page (maybe a scroll type info)
- an SMS (service) for a small fee for chosen periods of time for the customers who need/ask for it

Do you think the idea is feasible?

Yes, I think this is the right time for it. But also I think it's an ambitious project.

Additional comments/suggestions

I also had the idea that customers should have the opportunity to purchase the equipment after the renting period expires - I noticed that somebody else already wrote about it, so I put it in the "additional" part.

If you ask for advice on this forum or elsewhere maybe you add a sixth part - what are the main challenges for the project (though I think you have an idea by now).

Best of luck!!!

BTC Address:
1WXXstjXvsfV1U2wSVwDACqqYrpK12W3g

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uptweets
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February 20, 2014, 01:27:52 AM
 #9

3 things you liked about the idea

1. It's much easier for a newly launched altcoin team to rent hash powers to defend from a 51% attack.
2. Independent miners can rent out their hashrate freely.
3. Mobile apps.

3 suggestions for improvement

1. It's better to add a "automatically maximize the profit" function, which will switch to the most profitable scrypt coin for the customer.
2. Multi-langguage interface of the website
3. Issuing some shares of the site itself.

Do you think the idea is feasible?

Yes it is.

Any additional comments/suggessions

Some referral program might be helpful

BTC Address

12osDbKUYJEZCsQ8k9vxREzwS1DhUxwSup
EvilPanda
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February 20, 2014, 01:28:18 AM
 #10

3 things you liked about the idea
You don't limit the pool to certain coins (at least for now) which might be interesting. Preparing for the launch of a new coin can be time consuming so people might be interested in someone did that for them.
That you're already planning to expand.
Daily payments.

3 suggestions for improvement
As much transparency as possible, allow users to know you. Devote a section of your site to the team and their previous projects, maybe upload a video of you walking around the datacenter, showing the rigs. People like to know who has their money Wink
Make sure you have good PR person whose only job will be responding to questions. Recently Gox has shown us how a bad PR looks like.
Prepare an emergency budget. You probably thought about that, but many small businesses don't. Something goes wrong and you suddenly have no money to fix it because you just bought a new rig.

Do you think the idea is feasible?
Sure!

Any additional comments/suggessions
Maybe a camera showing live feed from the datacenter on your website?


BTC Address
1DVH9xzwdEA1yJy2cB4YyEBU2d7AXC93RA

devthedev
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February 20, 2014, 02:07:47 AM
 #11


Any additional comments/suggessions
Maybe a camera showing live feed from the datacenter on your website?


That'd be cool!

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February 20, 2014, 02:10:56 AM
 #12

3 things you liked about the idea:
Total transparency of your service is the key to get more people interested.
Various types of contracts is nice thing to have and ability to be paid daily
and choose different types of coins to mine is nice addition.
Mobile app are way to go and increase your reliability.

3 suggestions for improvement
This is rapidly changing business allow for contract to be like week long.
Show your datacenter, show your rigs, make video - post it on yt or your site.
Think of good slogan or commercial for your activity

Do you think the idea is feasible?
It is possible, sure. Good luck.

Any additional comments/suggessions

Maybe think of some kind of promotional deals for long term customers, new customers or promo deals in general?



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GimmeFreeBtc
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February 20, 2014, 02:20:34 AM
 #13

3 things you liked about the idea
•new rigs being added monthly- shows expansion and allows for growth
•mobile apps will allow for customers to stay connected
•you don't only accept bitcoin as payment, this allows people who are new to bitcoin to get into the idea of bitcoin and pay for mining without having any experience with bitcoin

3 suggestions for improvement
•I don't see anyone handling support on the management team- support is crucial to a successful company
•offer discounts and coupons sometimes to gain new customers, maybe give away some free mining time when you launch to attract new customers and give them a feel of your features
•Your company seems very similar to other rent-out-mining companies. You should consider adding special features that other companies don't have.

Do you think the idea is feasible?
I don't see why not

Any additional comments/suggessions
I think this could be very successful Smiley It seems pretty similar to other rent-mining-out companies, as I said above, so I don't see why your company is any better than other companies other than maybe the price

BTC Address
1H5a4QBemypd6SBQjKnK76dw4KbmoLicz9

Edit: Clarified some things
Parks56
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February 20, 2014, 03:49:12 AM
 #14

3 things I like about the idea

-No need to maintain and fix your miners by yourself
-Ability to monitor performance through a smart phone
-Ability to purchase contracts for variable lengths and not just a single plan

3 suggestions for improvement

-miner can choose any coin they like and not just "predetermined list" to use and benefit from new opportunities
-ability to permenantly purchase a certain contract rather than just leasing
-Adding a new staff responsible for communications (on social media,promotion and providing the technicians responses to customers allowing the technicians to focus on there part and maximize there work rather than having to spend it on new support tickets (which are mostly repeated).

Do you think the idea is feasible?

I think it's,and for the fact this is one of the early companies to get involved with scrypt mining rather than normal SHA-256 . And from the amount of people renting hashes on personal deals on this forum,I am sure a trustworthy company will be appreciated.

Any additional comments/suggestions?

further Promotion,This idea is already desired by a large amount of potential buyers and they isn't much competition from "Companues" in this field.

BTC Address: 1EUwvdLqUbtK4w6WxLcNjWQx45drGyz4Vi

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rmines
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February 20, 2014, 10:01:33 AM
 #15

Haven't received any coins thus far..have you?
I hope this isn't a scam  Undecided

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Sheldor333
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February 20, 2014, 11:08:05 AM
 #16

Has anyone gotten any coins so far? If not I'll say it is a scam. Since you signed up not long ago and your activity is just 9 I'm not even surprised.

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February 20, 2014, 11:17:07 AM
 #17

Has anyone gotten any coins so far? If not I'll say it is a scam. Since you signed up not long ago and your activity is just 9 I'm not even surprised.
Haven't received any coins thus far..have you?
I hope this isn't a scam  Undecided
Guys are you serious? He hasn't been online since the morning (about 12 hours) and he might not be here till 7-12 PM as this is the time he made the post in.
Also a scam? People scam for money,advertisement but for opinions on a site that hasn't been launched? Please at least have a little patience for him to come online.

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DanielVG
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February 20, 2014, 02:23:10 PM
 #18

I din't think this can be considered a scam, we didn't  lose anything.
except maybe a few minutes of our time
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February 20, 2014, 04:04:35 PM
 #19

Maybe just give him time respond lol. Most of the people replied within today..

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February 20, 2014, 04:22:20 PM
 #20

Not here for the money but...

Reasons why this won't work:
1. There are plenty of these companies around already
2. Customers pay upfront the total cost of the contract? Since you guys aren't really popular here, people would rather believe this is a scam and believe me there were a lot of scams like this before (not indicating this is a scam)
3.Customers to be paid out daily...attractive but the transaction fees will be humongous.
4. 5 new 2,500k/h rigs will be added per month. Wait what? 2.5 megahashes per hour? Damn that will be slow...If you meant 5 2500MH/s then presuming you didn't start with a good rig in the beginning then it will take you 40 months to actually get customers (difficulty would probably rise as well). But if you meant 5 2500GH/s then the cost will, in fact, be too damn high.

Suggestions:
1. Change payout time to a week or two or maybe monthly.
2. Or, the older the customer is or the more he/she pays the faster they will receive payment( kinda evil if you ask me).

Optional:
1.Start an ad campaign here, buy people's signature spaces for a reasonable price or have a raffle for all of those that's wears your ad. All the major Bitcoin sites are doing this so why not? example : https://bitcointalk.org/index.php?topic=291387.0
2. Mini faucet running on the site to attract more people.
3. Obvious or not you should mine some coins for yourself (like when there's no customer?)
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