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[Euthanasiaa]

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[1715573329]

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[joshraban76]

I would suggest you ask a mod to move your topic to service section.

As this is the wrong section plus there you will have some interests.

Wish you the best

[ABitNut]

How can I/anyone trust you?

[ajareselde]

You obv dont understand anything.
First thing is that you just came to this forum, and expect people to trust you with tens of thousands of mining equipement, furthermore, do u realise how much power draw a real mining location must put up ?
there is no chance that you can do it on you wiring. you need specialised installation , and not to even mention cooling, even if u pull 20 kW, amount of heat is intense and cant be cooled down /vented using normal air conditioning units.

[Euthanasiaa]

You obv dont understand anything.
First thing is that you just came to this forum, and expect people to trust you with tens of thousands of mining equipement, furthermore, do u realise how much power draw a real mining location must put up ?
there is no chance that you can do it on you wiring. you need specialised installation , and not to even mention cooling, even if u pull 20 kW, amount of heat is intense and cant be cooled down /vented using normal air conditioning units.

ofcourse it can't be done with some normal air conditioning! and we're not going to use it either.
i know i'm new here but i thought i'd make a try.

[MoneyGod]

You obv dont understand anything.
First thing is that you just came to this forum, and expect people to trust you with tens of thousands of mining equipement, furthermore, do u realise how much power draw a real mining location must put up ?
there is no chance that you can do it on you wiring. you need specialised installation , and not to even mention cooling, even if u pull 20 kW, amount of heat is intense and cant be cooled down /vented using normal air conditioning units.

ofcourse it can't be done with some normal air conditioning! and we're not going to use it either.
i know i'm new here but i thought i'd make a try.

You are making a try its good but no one going to invest in your project without collateral because you are new and no one have any information about you where are you and how are you going to manage all this

[Euthanasiaa]

You obv dont understand anything.
First thing is that you just came to this forum, and expect people to trust you with tens of thousands of mining equipement, furthermore, do u realise how much power draw a real mining location must put up ?
there is no chance that you can do it on you wiring. you need specialised installation , and not to even mention cooling, even if u pull 20 kW, amount of heat is intense and cant be cooled down /vented using normal air conditioning units.

ofcourse it can't be done with some normal air conditioning! and we're not going to use it either.
i know i'm new here but i thought i'd make a try.

You are making a try its good but no one going to invest in your project without collateral because you are new and no one have any information about you where are you and how are you going to manage all this

i know its ahrd to gain peoples trust, specially when it comes to money, but i'm up for anything when it comes to gaining trust to prove i'm legit.

[ajareselde]

lol how many thrads about this "service" did u create, everywhere i go i keep seing them

[Yakamoto]

What technical knowledge do you have? Have you set up mining rig in the past? If so, how big? Do you know HTML or CSS or another coding language? How efficient will this website be? Can I trade fast? What's going to be the default price for said hashes? Where are the coins going to be stored? Can we redeem our hardware?

Answer the above questions please.

[acs267]

By mining rig, I hope you're talking about either a Alt-Coin miner, or designing a ASIC.

[nwfella]

Hmmm...another brand new account ready to build the next AM?

Power capacity?
Manufacturers being considered?
Target hashrate?
Current hashrate?
How long have you guys been mining?
Shares represent partial ownership of equipment or only right to dividends for such?

*There are far too many questions left unanswered in your OP...really doubt your going to get much in the way of serious inquiries in it's present form.

[Yakamoto]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

[SirChiko]

Even if you MAYBE have good intentions with this only stupid users would trust newbie like you.

[Yakamoto]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

[acs267]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

[acs267]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

i didn't make that choise on my own. i asked the investors we have at the moment.

Who are these mystical investors, that have no idea what they're investing in? I hate to question the intelligence of another human being, but what the fuck dude? They want to spend more money and get less money. But then again, they're MYSTICAL.

[Yakamoto]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

i didn't make that choise on my own. i asked the investors we have at the moment.

Who are these mystical investors, that have no idea what they're investing in? I hate to question the intelligence of another human being, but what the fuck dude? They want to spend more money and get less money. But then again, they're MYSTICAL.

since they do not have to pay for any bills then can't lose more then they invest. only earn,

So you don't know what you're going to mine, where to buy the equipment, or even what equipment? (See other thread you ((Or your assistant)) created asking "Building 15((?))TH/s mining rig : ) what should I buy?")
Why would the investors put in money that they have no idea they're ever going to get back?

Most people in the Bitcoin community expect better than this. They are very particular about what they invest in.

[Yakamoto]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

i didn't make that choise on my own. i asked the investors we have at the moment.

Who are these mystical investors, that have no idea what they're investing in? I hate to question the intelligence of another human being, but what the fuck dude? They want to spend more money and get less money. But then again, they're MYSTICAL.

since they do not have to pay for any bills then can't lose more then they invest. only earn,

So you don't know what you're going to mine, where to buy the equipment, or even what equipment? (See other thread you ((Or your assistant)) created asking "Building 15((?))TH/s mining rig : ) what should I buy?")
Why would the investors put in money that they have no idea they're ever going to get back?

Most people in the Bitcoin community expect better than this. They are very particular about what they invest in.

Hello, we know what we're going to mine, Bitcoins. and we know Exactly what we're going to buy and where from

the thread you saw is not out (or he wasen't untill yeasterday) our assistent. but he did end up joining us instead (and his friends apparently) since we both live in sweden,

Then I'm out, there's no money to be made in BTC mining. If there was scrypt or x11 coin mining, I'd consider it, but there are already many other companies that can sell down to the micro-hash.

I'll consider buying a hash or two once the site is up, but I am not particularly interested in mining Bitcoin with a large investment behind it.

But Bitcoin mining isn't profitable anymore, even if you buy the hashes from somewhere else.

If you sell a GH/s for less than 0.006 BTC, I'll buy a smidgen of one, see if it works, and if so, I'll buy more.

But I can't invest into something like this, not because of personal interests, but also because my country has paperwork that has to be filed when investing in stuff. I'm not sure if it applies to Bitcoin, but I ain't going to jail for something as minor as that.

[acs267]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

i didn't make that choise on my own. i asked the investors we have at the moment.

Who are these mystical investors, that have no idea what they're investing in? I hate to question the intelligence of another human being, but what the fuck dude? They want to spend more money and get less money. But then again, they're MYSTICAL.

since they do not have to pay for any bills then can't lose more then they invest. only earn,

I don't think you realize what a investment is. And, most people invest to get money back fast. Not for someone to throw together 20 GPUs that could only earn them a few cents a day.

You're sort of clueless, you and your mystical investors, and your friends.

[zolace]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

ACS with 4 terrahertz you can mine bitcoins and make back money in 70 days no???   I get miners for 1500 and can make money back in 60 days.  the whole point of selling miners is for them to profit on at least two months of mining.

[acs267]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

ACS with 4 terrahertz you can mine bitcoins and make back money in 70 days no???   I get miners for 1500 and can make money back in 60 days.  the whole point of selling miners is for them to profit on at least two months of mining.

Nope. That's most likely a ASIC. That's like comparing a USB erupter to a rig. A GPU still might get 4 TH/s, but it's not as powerful as a ASIC, still. And the risk is lower with a ASIC, since you can achieve roughly 4 TH/s faster than with a GPU. They're also a lesser cost, then having to build a rig with twenty GPUs.

And even if they buy that many GPUs, they would still need to break the money up amongst the investors. But the power cost would be tremendous, almost ridiculous on the makers of it.

[zolace]

ok I have a question for you , you a miner right?   

so you saying the brand name Asic which gets there chips from china will over power this rig?

Here are the specs

Chip
   

40pcs of Coincraft A1 28nm chip

[acs267]

ok I have a question for you , you a miner right?   

so you saying the brand name Asic which gets there chips from china will over power this rig?

Here are the specs

Chip
   

40pcs of Coincraft A1 28nm chip

Zolace, Zolace, Zolace. I don't know exactly why I defend my opinions like dying babies, or if it's worse I rolled out of bed to answer this, or actually felt the need to.


I'm just going to imagine you found those specs somewhere hidden on this mystical page.

"25 GH/s in nominal and up to 40 GH/s" 40 X 25 = 1,000 GH/s. That's all fine and dandy. But guess what? That's one TH/s. 40 x 40 = 1,600.

Anyway:

Ops. Can't get a good approximation, since the only info we got was that they live in Sweden. Google'd it, and going to pass this off as Google being a jackass, and not wanting to work. Or me just being a idiot. People having forty of those badasses reported 860-900 watts, if I'm correct. Dumped this into Coinwarz, along with other stuff. Said about $559.34 USD. I don't even think that's possible, but, I did get it off of Google so don't hold me to it.

But oh no, please read that header. "Coincraft A1 28nm ASIC"

You're trying to say a ASIC chip is more powerful than another ASIC chip? Okay, yes, fine. That is. However, that's irrelevant to what they're going to use. I was clearly not bringing up a Chip, but woop-de-doo. A GPU. Which heavily points to what they're going to use, because, jeez, they want to build a rig but don't know how to buy/what to use.

[acs267]

Ok, everything was answered well...

One more question: Will you mine only Bitcoin or will you mine other alts that may have a higher profitability rate than bitcoin?

good question. i think that would be a question all investors would have to vote on.

But won't this effect the hardware that is purchased? I think it has to be decided before anything is purchased.

we have now decided to use the rig fot Bitcoins only.

I don't think you know much about mining, then. If you think you could earn a lot from Bitcoin mining now, you're mistaken. Designing a Alt-Coin rig is a lesser cost, and you get more for a profit in a shorter time-span.

Thanks for giving me a reason for wanting to work with you, Ranger.

And not to mention, shouldn't you let the Investors decide instead, since they're buying it? But then again, you have that 1337 mining logic, sooooo...

i didn't make that choise on my own. i asked the investors we have at the moment.

Who are these mystical investors, that have no idea what they're investing in? I hate to question the intelligence of another human being, but what the fuck dude? They want to spend more money and get less money. But then again, they're MYSTICAL.

since they do not have to pay for any bills then can't lose more then they invest. only earn,

I don't think you realize what a investment is. And, most people invest to get money back fast. Not for someone to throw together 20 GPUs that could only earn them a few cents a day.

You're sort of clueless, you and your mystical investors, and your friends.

we are not going to throw '20' GPUs together,,, the investments will go to buy various ASIC with atleast 1TH/S

I really hope you're joking, because I swear, this is going to be the last time I get up:

You literally said in the first post/topic:

Hello! me and my 2 brothers and a friend are going to invest some money into building a big Mining rig and we're looking for more fellow investors.

So instead of building a rig, my God, you're going to do what anybody could do: Buy a ASIC and slap it together. Somebody would be far better off just buying a rig, but heavens god, if CEX.IO could fool people, you can too.

[Yakamoto]

http://www.bitcoinminerz.com/Products/Bitcoin-miners/1ths-bitcoin-dragon-miner?limit=100  first buy.

Wait wait wait
So you're buying a 1TH/s miner at $2,000 American.

Profitability calculator says you can pay it off (Maybe), with $0 spent anywhere on electricity, you can pay it off in about two and a half years.

At 0.06/kWh, it'll take over a year to get an ROI. And then your profitability starts decreasing.

So are you really pushing for this still?

[acs267]

http://www.bitcoinminerz.com/Products/Bitcoin-miners/1ths-bitcoin-dragon-miner?limit=100  first buy.

Wait wait wait
So you're buying a 1TH/s miner at $2,000 American.

Profitability calculator says you can pay it off (Maybe), with $0 spent anywhere on electricity, you can pay it off in about two and a half years.

At 0.06/kWh, it'll take over a year to get an ROI. And then your profitability starts decreasing.

So are you really pushing for this still?

yes i am. i have my belives the BTC will rise in value.

You're kidding me. Whatever, all of the red flags and errors aside. Not even going to comment on that. What's your business plan?

[zolace]

Oh my fault ACS I should have read the thread much more better, Can I talk with you privatley you seem to know alot more then I do and can use advise. 

[Yakamoto]

http://www.bitcoinminerz.com/Products/Bitcoin-miners/1ths-bitcoin-dragon-miner?limit=100  first buy.

Wait wait wait
So you're buying a 1TH/s miner at $2,000 American.

Profitability calculator says you can pay it off (Maybe), with $0 spent anywhere on electricity, you can pay it off in about two and a half years.

At 0.06/kWh, it'll take over a year to get an ROI. And then your profitability starts decreasing.

So are you really pushing for this still?

yes i am. i have my belives the BTC will rise in value.

You're kidding me. Whatever, all of the red flags and errors aside. Not even going to comment on that. What's your business plan?

Agreed. This is nuts.

So, how will you convince investors? I really think you're super optimistic in this scenario. You make about 3BTC (at best) per year, but on year 2, at .1% mining profitability loss, you start losing BTC.

And people will invest in this why? Apparently you want to hold until BTC increases in value, so you can pay off your equipment. When will the investors get their part of it? You're holding about 4BTC(At $598) in wait to have it go up?

Do you know how long it takes for something to change dramatically? The rise to $1200 was because of bots with millions of dollars behind them.

Due to it being about $2400 per Terrahash, and you wanna get 7-15 (7 for this calculation), you will need $16,800. If each investor gives you $300, you need 56 investors to get all the funds. Each investor will expect a large part of the coins mined, and you will HAVE to take off large fees to make enough to pay it off within 5 YEARS. People don't invest to carry you and have them pay for your stuff. They want their money. You taking all the mined coins and holding till they increase will make people unhappy very quickly, regardless how much you say it will go up in value.

It's also about 8 investors to a single miner. 1 BTC every third of a year means 0.125BTC per investor every 4 months. If you take the 0.005 off as fees, you get 0.04 BTC every 4 months, or the equivalent of $22.80 USD. This turns into $68.40/year in fees you can maybe take.

So what IS your plan?

[jonsi]

http://www.bitcoinminerz.com/Products/Bitcoin-miners/1ths-bitcoin-dragon-miner?limit=100  first buy.

Wait wait wait
So you're buying a 1TH/s miner at $2,000 American.

Profitability calculator says you can pay it off (Maybe), with $0 spent anywhere on electricity, you can pay it off in about two and a half years.

At 0.06/kWh, it'll take over a year to get an ROI. And then your profitability starts decreasing.

So are you really pushing for this still?

yes i am. i have my belives the BTC will rise in value.

You're kidding me. Whatever, all of the red flags and errors aside. Not even going to comment on that. What's your business plan?

Agreed. This is nuts.

So, how will you convince investors? I really think you're super optimistic in this scenario. You make about 3BTC (at best) per year, but on year 2, at .1% mining profitability loss, you start losing BTC.

And people will invest in this why? Apparently you want to hold until BTC increases in value, so you can pay off your equipment. When will the investors get their part of it? You're holding about 4BTC(At $598) in wait to have it go up?

Do you know how long it takes for something to change dramatically? The rise to $1200 was because of bots with millions of dollars behind them.

Due to it being about $2400 per Terrahash, and you wanna get 7-15 (7 for this calculation), you will need $16,800. If each investor gives you $300, you need 56 investors to get all the funds. Each investor will expect a large part of the coins mined, and you will HAVE to take off large fees to make enough to pay it off within 5 YEARS. People don't invest to carry you and have them pay for your stuff. They want their money. You taking all the mined coins and holding till they increase will make people unhappy very quickly, regardless how much you say it will go up in value.

It's also about 8 investors to a single miner. 1 BTC every third of a year means 0.125BTC per investor every 4 months. If you take the 0.005 off as fees, you get 0.04 BTC every 4 months, or the equivalent of $22.80 USD. This turns into $68.40/year in fees you can maybe take.

So what IS your plan?

His plan is simple: he is hopping that him, his two broders and a friend find some more brothers and some more friends.

[EvilPanda]

I recommend altcoin mining or cloud mining. Bitcoin mining in your case won't be profitable, as you have:
-small budget
-no suitable location
-no previous experience in hosting

[acs267]

http://www.bitcoinminerz.com/Products/Bitcoin-miners/1ths-bitcoin-dragon-miner?limit=100  first buy.

Wait wait wait
So you're buying a 1TH/s miner at $2,000 American.

Profitability calculator says you can pay it off (Maybe), with $0 spent anywhere on electricity, you can pay it off in about two and a half years.

At 0.06/kWh, it'll take over a year to get an ROI. And then your profitability starts decreasing.

So are you really pushing for this still?

yes i am. i have my belives the BTC will rise in value.

You're kidding me. Whatever, all of the red flags and errors aside. Not even going to comment on that. What's your business plan?

Agreed. This is nuts.

So, how will you convince investors? I really think you're super optimistic in this scenario. You make about 3BTC (at best) per year, but on year 2, at .1% mining profitability loss, you start losing BTC.

And people will invest in this why? Apparently you want to hold until BTC increases in value, so you can pay off your equipment. When will the investors get their part of it? You're holding about 4BTC(At $598) in wait to have it go up?

Do you know how long it takes for something to change dramatically? The rise to $1200 was because of bots with millions of dollars behind them.

Due to it being about $2400 per Terrahash, and you wanna get 7-15 (7 for this calculation), you will need $16,800. If each investor gives you $300, you need 56 investors to get all the funds. Each investor will expect a large part of the coins mined, and you will HAVE to take off large fees to make enough to pay it off within 5 YEARS. People don't invest to carry you and have them pay for your stuff. They want their money. You taking all the mined coins and holding till they increase will make people unhappy very quickly, regardless how much you say it will go up in value.

It's also about 8 investors to a single miner. 1 BTC every third of a year means 0.125BTC per investor every 4 months. If you take the 0.005 off as fees, you get 0.04 BTC every 4 months, or the equivalent of $22.80 USD. This turns into $68.40/year in fees you can maybe take.

So what IS your plan?

First of all i will not hold the BTC until they go up, every month we'll send of a share of BTC to all investors, and people aren't suppose to ''pay'' fpr our stuff, all investments can be sent back whenever they would like it back

Why would someone prefer you over PB, then? At PB, they get Bitcoins back every Sunday I think. And how can you send back a investment if they're paying for the rigs you're making? Do you even know how to make a rig? So you don't have a plan...