Mining farm in Iran

[irialorg]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

[1714788853]

1714788853

[1714788853]

1714788853

[1714788853]

1714788853

[1714788853]

1714788853

[1714788853]

1714788853

[smyslov]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

In the first place why would you venture to something you do not know about, who introduce mining to you and what made you think that it will become profitable, because you have a land to allocate for mining? and I'm surprise that you got a certification, without knowing anything about mining, you should do a feasibility study first, and on Youtube there are a lot of tutorials about mining, but you need an experts that you can talk to personally on this.

[AverageGlabella]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

You need to learn both mining principles and how data centers are run and maintained. Mining consumes a lot of electricity and generates a lot of heat and Iran is not the coolest place to host a mining farm which means you would need to follow the principles of owning a data center and cooling it which could be costly.

You would need to make sure that the current difficulty and the cost of power over in Iran is not going to be more than you can afford. It would probably be more profitable to an inexperienced miner to rent the land out separate to Bitcoin.

[examplens]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

If you can't find investors near you, then you can forget about this business. I don't think you should expect someone to invest in Iran as you say, you are under sanction. There is a high risk for all foreign people out of your country, there is no control over the investment. Also, I guess there is an unstable political situation, and who can guarantee that your certification and government authorisation will remain for a long time?
You have no any knowledge about mining, you don't have money to acquire mining hardware... This business is not for you.

[hello_good_sir]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

It's a weird situation you are in right now. Usually people that join a team or form a partnership with other people have at least 1 of these things

-Money/Influence/Connection, either of these things is important to getting stuff done in business.
-Knowledge, understanding what your company/other partners want to do.

The only thing you have is a good location, so I would highly recommend you to start getting knowledge about what you want to do, and then be able to seek investments.

[joniboini]

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

[stompix]

you would need to follow the principles of owning a data center and cooling it which could be costly.

How costly, do you have an estimate on it?

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet.

In a lot of countries you need first to get the license for operation before you start operation, and not only when it comes to mining, for most other activities from industrial processing to commerce.


Now, to the OP problem.

Also I have a large land in Iran,  it's around 7,000 km2

Holly crap, 7000km2? Do you own 0.5% of the surface of Iran? Almost the size of Cyprus or bigger than Delaware?
Getting over it....7000km2?  Damn!!!!

In the other post, you said something about getting a 25k 75$ loan witch does not match the land size but let's work with it.

1. Where will you get your energy and how much it will cost. Depending on the rates you might want to scrap the plan before starting.
I read that licensed miners will et special rates but the article is old, the price is in official rial rates..so any update on this?

2. When looking for an investor, do you have anything ready or usable other than the license?
Do you have a place for the miners, it is already connected to the grid, other details like this?

3. Let's say you find a an investor, basically, what are you providing on your part? Since coming back to your available funds you have for around 10-30 miners, not counting additional equipment that might be required.

[stomachgrowls]

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

Maybe he do talks about permission/certification that he's allowed to mine.A usual stuff to be complied first before doing anything specially on legal matters.
Yes its legalized but you would still end up on getting those permissions to the government.Its really hard to start up mining if you do have zero knowledge on it
and even he do sell of a portion of his land holdings if he dont have the knowledge on setting up everything then it would really be a mess up.
So its better to read up the basics first then proceed later on when he do get sufficient idea.Getting investors online is almost impossible due to trust issues.

[lobat999]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

Don't get me wrong but I am intrigue why would you venture into a crypto mining business without adequate knowledge? Furthermore, I find it quite ironic since you've stated that your very large land has iron mine yet you want to enter into crypto mining which I assume you dont have resources and know-how to do it? Why is that?

I guess its much better if you focus on mining iron in your land which is way much profitable than mining crypto within it! At the very least you'll have a very high chance of getting a partner(s) to invest in it.

[smyslov]

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

That is a good idea and a good start, but he was already issued a certification that he can use his land to mine and of course on that certification it  specified the land measurement, best thing to do is to create partnership he can offer the land as a site for mining farm, partners with experts and investors who can buy them mining rigs, but there should be a contract about profit.

[Diced90]

If I remember correctly, a few weeks ago there was news that Iran government has seized equipment from some mining farm and that the country is looking to ban bitcoin mining completely. Under such circumstances is mining in Iran even a safe venture to consider?

[Theb]

Actually I don't think you didn't have a more perfect time to do this but now because the last news I heard about this is a lot of Chinese miners are actually moving their operations from China to Iran and this could be a perfect business opportunity for you to have a partnership with one of them. Of course your only problem is on how you could get in touch with one of them and how the profit will be split since judging by what you wrote the only thing you can give them is your plot of land which is really a big deal for any business operation. So I think the best thing for you is to be a silent partner where you won't be in charge in any operation and let your partner be the one who runs the place. Maybe posting your business idea/proposal locally will help in one of your crypto communities online as this will be a lot faster than finding an investor/partner in the forum.

[Krislaw]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

Since you already know you can get certification from government to build crypto currency farm, you can visit the Iran local section of this forum and check to know the locals around you that knows about running a Cryptocurrency mining farm.

[tinyteapot]

it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm

You can mine and sell the iron on your land to raise some money to buy some mining gadgets for your new mining farm, search google for more information on how to setup your mining farm.

Iran is not an investors friendly country, i am sorry about that.

[robelneo]

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran,  it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

You will end up in a trial error and you're not going to likely set up your mining farm, on all business ventures technical knowledge is very important, it's the heart and bloodline of any business, as long as you know your business getting capital is easy, going back to your issue, you should just do a partnership, employing people right away will get you nowhere, on partnership you will be helping each other to set up your business, sole proprietorship will not work in your case.

[hugeblack]

Holly crap, 7000km2? Do you own 0.5% of the surface of Iran? Almost the size of Cyprus or bigger than Delaware?
Getting over it....7000km2?  Damn!!!!

I think@OP is trolling, that's a quote for him elsewhere.
I do not know how much prices in Iran, but owning 7000km² enables you to get a loan of more than $75k.
Again, he has the necessary legal documents.

guys I don't know where I should talk about the opportunities I have here in Iran, but as you just said, in Iran I can loan money from bank from $23k to $75k without any plan or anything at all (I put my lands docs for this loan),! and in half an hour I can chage it to BTC, I have authority for this loan and everything ready , the payback plan start 5 years after paying day, and its 3% profit at all. But 2 problem I have : if i won't  change it from rial it will turn to nothing because of Iran economical collapse and low money level .

Don't forget that Bitcoin will split soon (halving,) so running this activity is getting more dangerous.
In addition, temperatures and electricity in Iran are high.

[Diced90]

guys I don't know where I should talk about the opportunities I have here in Iran, but as you just said, in Iran I can loan money from bank from $23k to $75k without any plan or anything at all (I put my lands docs for this loan),! and in half an hour I can chage it to BTC, I have authority for this loan and everything ready , the payback plan start 5 years after paying day, and its 3% profit at all. But 2 problem I have : if i won't  change it from rial it will turn to nothing because of Iran economical collapse and low money level .

Don't forget that Bitcoin will split soon (halving,) so running this activity is getting more dangerous.
In addition, temperatures and electricity in Iran are high.

Wait a second, what do you mean by Bitcoin will split soon? Are you confusing a halving event with a fork of BTC? Or am I missing some underground revolution story that would fork BTC at the halving event looking to create yet another shit coin like Bitcoin Cash / Sv etc etc?

As far as trouble is concerned, I already said before, iran almost banned mining and then I read somewhere that it warmed up to crypto currencies due to the looming US conflict. idk what to make out that troubled situation anymore.

[loafof]

If I were you, I would set up an Iranian exchange. That would be much profitable I guess?

[Diced90]

If I were you, I would set up an Iranian exchange. That would be much profitable I guess?

Dude, stop following me around with your shit posts. You commented on that other thread about News aggregator and now here again.

Take a look at your posts

Great! I think improvements can be made though regarding news filtering. There's just quite a bit of the same news article on different platforms.

If I were you, I would set up an Iranian exchange. That would be much profitable I guess?

both are utter shitposts, sooner or later some out of job forum detective would come here and say I am an alternate account of your or whatever.

[fortunecrypto]

If I were you, I would set up an Iranian exchange. That would be much profitable I guess?

You are not reading the content of his post, he has a piece of land that can be used for the mining farm, and he doesn't have the technical knowledge to set up one, he wants a mining farm because he already has a certification, now why urge him to set up an exchange when he has no technical knowledge and his interest on mining farm because of the land he has, and besides you needs big money and a coding skill to set up an exchange.