thanasitmining (OP)
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November 26, 2018, 06:42:37 AM Last edit: January 23, 2019, 07:30:00 AM by thanasitmining |
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Searing
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November 26, 2018, 05:38:55 PM |
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We here at Thanasit Mining have an access to “free electricity” due to government employee benefits in our country. ( Thailand) Meaning that we have a legal, free source of power. We have opened 5 mines using public transformer over the course of 2 years and now we are looking to expand. Your investment will be going towards building a new mining facility/getting our own 2500kva transformer where you can take advantage of our free electricity. We are looking for a 190k investment which will give you a spot to mine with 1500 antminer D3/L3 or an equivalent of 2500kva transformer power usage. As if today, Antminer D3 Revenue at 1.20USD (Free electricity) ROI: 172.3 days Further details/ Business plan : https://drive.google.com/open?id=1p9hT8in3ICSuvgJxeA9nl2gTPF8zY6lu Referral opportunity: If you refer this to anyone and he decided that he would invest with us. We'll give you 1500USD once certain transaction is cleared and contracts are signed. Make sure that you have some sort of referral evidence whether it is in English or your own language. Contact us at : thanasitmining@gmail.comNote:I have lived most of my life overseas (Highschool in Canada/ College in the US) and I’m aware of how the rest of the world is viewing our country. Rest assured that we are not some political overlord in a third world country. We are merely just government employees who are using the government employee benefits. We are not breaking any laws and everything is transparent and will be under contracts. sorry this sound scammy as hell ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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thanasitmining (OP)
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November 27, 2018, 11:07:02 AM Last edit: November 27, 2018, 11:17:42 AM by thanasitmining |
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go on the google drive.
read the business plan.
We're not asking you to send us bitcoins or wire us money randomly.
There are physical contracts in every transactions.
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Norm MacDonald
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November 27, 2018, 12:52:47 PM |
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....and those "contracts" would be "enforceable" how?
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thanasitmining (OP)
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November 28, 2018, 01:28:25 AM |
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take them up to the court.
All the contracts are officially translated in English , they are as effective as ones we use in our language.
You are also more than welcome to get your own lawyer and have him go through our contracts.
If there are terms/conditions that you and your lawyer think they are not ok, we are open to amend them ( before signing)
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Searing
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November 28, 2018, 03:22:06 AM |
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take them up to the court.
All the contracts are officially translated in English , they are as effective as ones we use in our language.
You are also more than welcome to get your own lawyer and have him go through our contracts.
If there are terms/conditions that you and your lawyer think they are not ok, we are open to amend them ( before signing)
Butterfly Labs, GAW miners, etc, etc...they had the same...contracts, cloud mining, etc....all legal...still scam'd everyone...took the coin, went bankrupt not saying you are anything but honest...but unsure how a 1/2 the world away hosting would work...essentially even with 'free electric' not sure with other costs a $45 Bitmain L3+ Scrypt Pow miner would make any sense as an example. I know of 'handshake' deals like this that have worked from Japan to the USA...not seen many successful ones the other way around...though to be fair it makes more sense to go east then west for electric prices
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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thanasitmining (OP)
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November 28, 2018, 08:22:26 AM |
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name any companies with free electricity ? I can't think of one
Those that scammed and are out of business essentially pay for electricity while we are not.
We are still mining as if right now and we would be more than happy to show you our on-going mines.
again , those that went bankrupt or ran out of business can't afford to pay for the electricity with difficulty going up.
Ice rock mining is paying 3 cent per kilo watts but still struggling paying out the investors. Why ? they are still paying for electricity.
We are not.
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Searing
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November 29, 2018, 06:03:13 AM |
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name any companies with free electricity ? I can't think of one
Those that scammed and are out of business essentially pay for electricity while we are not.
We are still mining as if right now and we would be more than happy to show you our on-going mines.
again , those that went bankrupt or ran out of business can't afford to pay for the electricity with difficulty going up.
Ice rock mining is paying 3 cent per kilo watts but still struggling paying out the investors. Why ? they are still paying for electricity.
We are not.
so how does this work? I send you my defunct equipment that does not pay in the USA (no great loss) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) sorry...but you could be honest as hell, but with long odds etc on bitcointalk..I'd have a hard time with this even if I knew you and you had legendary status on bitcointalk. IF your setup is legit you should have very little trouble locally scaling up to the size you want bit by bit without a big splash of overseas investment ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) later brad
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Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:)
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thanasitmining (OP)
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November 29, 2018, 05:06:17 PM |
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If you just take a minute to read our business plan you would understand how things would work.
IF your setup is legit you should have very little trouble locally scaling up to the size you want bit by bit without a big splash of overseas investment
That's what we are doing , we open 5 mines over the course of 2 years. The sixth one is expected to be open by the end of December.
without a big splash of overseas investment .....
We don't see why not. It's business.
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Norm MacDonald
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November 29, 2018, 11:10:13 PM |
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If you just take a minute to read our business plan you would understand how things would work.
IF your setup is legit you should have very little trouble locally scaling up to the size you want bit by bit without a big splash of overseas investment
That's what we are doing , we open 5 mines over the course of 2 years. The sixth one is expected to be open by the end of December.
without a big splash of overseas investment .....
We don't see why not. It's business.
I think what he's trying to say is, if it were that good.....why would you sell it? Scaling mining ops by leveraging profits is a very simple matter, provided there are "profits". You say you have them. If so, you would be better served to mine for yourself and forget all these headaches. This proposal does defy logic to a large extent. Good luck.
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thanasitmining (OP)
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November 30, 2018, 10:46:09 AM Last edit: December 01, 2018, 04:30:41 AM by thanasitmining |
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Thai public transformers are usually around 100-160 kva
The 5 and soon to be 6 mines are capable of running around 15-30asics (remember that we are not the only one using electricity in the area+ more details below****)
More than 40% of them are owned by our local Thai customers.
We are profitable but it's at a certain extent.
Can we open scale up our operation bit by bit ? Yes , we are doing it. the new mine is expected to open by the end of next month
all the mines are operating in our own property whether it's in a rural "shophouse" or shacks and we recently ran out of locations ( to open a new mine)
We thought about renting a place to open a mine but it's not profitable at the moment. It's around 15-25k THB (thai baht) per month to rent a shophouse/house. Using public transformer would give us a spot of 15-30asics
Lets say that in the best case scenario where we are able to get a super rural spot and electricity is not being used as much by the locals. we get to mine 30asics D3 revnue is at 1.34USD x 30qty x 30days x 32baht = 38952baht per month
REVENUE : 38952 per month
Renting : 15000 baht (best case scenario rent ) Internet : 1000 baht Technical support/ security : 20000 baht per month ( best case scenario salary ) Gas : 5000 baht ( to check the far away rural mine every now and then )
Total monthly cost : 41000baht
Leave us with the loss of -2048 baht
************************* When you open a mine , there is also startup cost in buying/setting up electricity+network system. This goes around 50000baht if it is not a 3 phase power meter at the location then its another 18450baht to the goverment fee
So the total startup cost of 68450 baht
lets say that we are super comfortable with our team and decided not to visit the mine (no gas money) Revenue of 38952 Total monthly cost = 41000-5000= 36000
Profit of 38952-36000= 2952 baht per month
ROI Is at 68450/2952 = 23months
Note that for the investment to meet even, the "per day" revenue (ignoring electricity) can't go any lower than 1.34USD within the next 23months.
Yes , We got free electricity but we don't just print money out of thin air .
The reason we were able to open mine after mine in the past being that 1)we got our own locations/properties to open 2) it was very profitable at the time
like stating earlier , we ran out of locations( to open a new mine)
****
You might ask that if its 100kva transformer, how come we're only capable of mining 20-30 asics. the answer is the meter
Normally , household or regualr commercial areas are using 15/45amp electric meter and this is the reason why we are only capable of mining 15-30asics even thou it's a 100kva transformer
If you were to upgrade your meter to 30/100 amp electric meter (thus capable of using more electricity ,mining at around 40-60 asics), the goverment asks you to get your own Transformer . a 100kva transformer goes around 127490baht ,
There is also transformer security deposit (to the government) 400baht per kva to the goverment 400baht *100kva = 40000 baht
Total of 167490baht
+ startup cost of 68450 baht = 235940baht to mine 40-60 asics
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thanasitmining (OP)
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November 30, 2018, 10:52:37 AM Last edit: December 01, 2018, 03:52:11 AM by thanasitmining |
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Its the holiday season , why don't you book a flight to ChaingMai and see our operation for yourself.
We know good and well that we are not scamming anyone so feel free to ask questions.
Thank you
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mikeywith
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be constructive or S.T.F.U
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December 04, 2018, 01:38:12 AM |
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I do not want to accuse you for anything ! . but i will give you a free advice, i personally have no interest in your deal ! , i do not have the capital to even consider it ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But ! . for someone to even start thinking of sending that much money to the other side of the planet, they need to see some solid proofs. maybe start by uploading a video where you mentioned your bitcointalk username, take a tour around and in the farm. show them that this thing does exist, only then it will be worthy of someone's time to take a 10 or 20 hrs flight to meet you in person.
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thanasitmining (OP)
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December 04, 2018, 03:32:25 AM Last edit: December 04, 2018, 05:00:41 AM by thanasitmining |
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Again, if you were to read our business plan.
you would see that we're not asking people to wire us money randomly.
We ask if they would come see the mines first before signing any deals.
A few people emailed us for pictures , we sent them a picture within the next 2 days writing their names and the current date on a piece of paper at the locations.
Some didn't believe us even with the pictures and asked for real time video chat, we provided that.
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thanasitmining (OP)
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December 04, 2018, 04:49:05 AM Last edit: December 04, 2018, 06:36:47 AM by thanasitmining |
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One thing I've been meaning to write is that if any of you Bitcointalk "big timers" were to spend 5 minutes of your precious time and read our business plan,
You would see that 99% of the investment money is going towards the cost of building the mining facility and you have an option of getting your own construction company and signing construction contract with them.
What do you think we would get out of you building a mining facility in Thailand ? To later on steal your exhaust fans in the middle of the night ?
How are we going to scam you if all the money is going towards the construction company ?
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HydropowerDC
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December 04, 2018, 08:49:30 AM |
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Well considering Thailand's only electrical generation sources are ones which require expensive commodities like oil and coal I can tell you right now with 100% certainty that this is a scam
If you had a corrupt government with a massive hydroelectric dam with excess production perhaps it could be believable - but to have those kinds of connections you wouldn't need this chump change anyway.
Regardless there's no possible situation where this is legitimate
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