free electricity for mining

[taaku]

I have free space and free electricity available... given this i think i got some advantage in mining...i have invested around 1.2 lakh already in GPU rigs and still mining...i want to expend as i have more electricity and space available with cooling...the only thing missing is i am in need of capital...so if you think we can do something together ..please PM me or reply to this thread... I am fine with ASICS in bitcoin/litecoin mining,, there is still scope in CPU/GPU mining...but this time i want to go with proper planning...

Any suggestion is welcome.

My Experience so far in mining:

1.Started with scrypt mining lite coin  with small GPU rig.
2.Shifted to scrypt-n and then to x11-x13-x15-nist.
3.have good experience in renting rigs and multi pool mining.
4.by profession i am java developer and have created few tool related to mining for self use.
5.Have good experience in maximizing the profit on daily basis. by mining XPM,XMR and many diff algo trade.
6.have experience in mining in cloud using amazon,azure and digital ocean.

This all to let you know that i can handle operation very well and maximizing the profit.

[micky123]

I have free space and free electricity available... given this i think i got some advantage in mining...i have invested around 1.2 lakh already in GPU rigs and still mining...i want to expend as i have more electricity and space available with cooling...the only thing missing is i am in need of capital...so if you think we can do something together ..please PM me or reply to this thread... I am fine with ASICS in bitcoin/litecoin mining,, there is still scope in CPU/GPU mining...but this time i want to go with proper planning...

Any suggestion is welcome.

My Experience so far in mining:

1.Started with scrypt mining lite coin  with small GPU rig.
2.Shifted to scrypt-n and then to x11-x13-x15-nist.
3.have good experience in renting rigs and multi pool mining.
4.by profession i am java developer and have created few tool related to mining for self use.
5.Have good experience in maximizing the profit on daily basis. by mining XPM,XMR and many diff algo trade.
6.have experience in mining in cloud using amazon,azure and digital ocean.

This all to let you know that i can handle operation very well and maximizing the profit.

Dude, with that kind of investment you could have bought a BTC ASIC miner instead of GPU rigs! Where are you located and why is electricity free? I may be interested if you are located in and around Bangalore, but what is my insurance that you will not run away with my miners? What is your benefit out of the deal, how much do you want?

Lots of questions to be answered. Please start by answering mine and reply on the thread so that others can also see and dont ask the same questions again!

[devesh.g]

Hey

Where are you located?

[micky123]

Hey

Where are you located?

Hi Bud,

I am located in Bangalore, India. I think it was clear from my post above. Anyways, you still haven't answered my question? Whats in it for you? Why would you run this in partnership and what are you expecting in return?

Edit: just realized that devesh had asked me that question, sorry... i thought OP has asked the question. I am based in Bangalore.

[taaku]

Hey

Where are you located?

Hi Bud,

I am located in Bangalore, India. I think it was clear from my post above. Anyways, you still haven't answered my question? Whats in it for you? Why would you run this in partnership and what are you expecting in return?

Edit: just realized that devesh had asked me that question, sorry... i thought OP has asked the question. I am based in Bangalore.

HI mickey ,

please check your inbox message

[micky123]

Hey

Where are you located?

Hi Bud,

I am located in Bangalore, India. I think it was clear from my post above. Anyways, you still haven't answered my question? Whats in it for you? Why would you run this in partnership and what are you expecting in return?

Edit: just realized that devesh had asked me that question, sorry... i thought OP has asked the question. I am based in Bangalore.

HI mickey ,

please check your inbox message

Hi Mate,

Can you please post the information in reply to this post so that it benefits everyone? I am a bit skeptical if you don't want to share the terms of this deal with everyone. You may have potential investors on here who are just lurking and they can work out a deal. Please post the details of your offer on the thread. Thanks!

[taaku]

Hey

Where are you located?

Hi Bud,

I am located in Bangalore, India. I think it was clear from my post above. Anyways, you still haven't answered my question? Whats in it for you? Why would you run this in partnership and what are you expecting in return?

Edit: just realized that devesh had asked me that question, sorry... i thought OP has asked the question. I am based in Bangalore.

HI mickey ,

please check your inbox message

Hi Mate,

Can you please post the information in reply to this post so that it benefits everyone? I am a bit skeptical if you don't want to share the terms of this deal with everyone. You may have potential investors on here who are just lurking and they can work out a deal. Please post the details of your offer on the thread. Thanks!

Hi Micky,

As earlier i was not sure how this will work out so i did not put details .But now as i have already talked to 2-3 people i have got idea on how we can proceed and what are the risk involved.

So the idea is to put atleast 2 Th/s of bitcoin mining capacity at my place.

1. You buy the equipment and get them at your address.
2. If you are comfortable sending equipment to my place that fine if not you can come to my place and install the miner.
3. If you have experience mining you can control the device if not i will manage the mining. (Will give team viewer access)

what will be my benefit in this for that there are multiple scenario depending on how much capital you are putting.which i can discuss.

now the risk part of you sending the miners and i can ran away with them.

so for that there are 2 possible solution i have found :
1. You can come to my house and verify the address and place.
2. Sending the address proof and passport copy to you.

Let me know if you have any other ideas on how to setup p2p trust.

I hope i have made myself clear.Let me know if you are looking for more details.

[stellar69]

Can you please at least tell that where do you live? And how much load can your "free electricity" wires take?

[AwesomeTRADER]

I can really invest something provided I can trust you. Also, if I invest $1000 how much can I expect in a month?

[dvnll]

Hi guys,
I also do have free electricity 24*7 at two places ,i.e, at Chennai and New Delhi. It can take a maximum load of 32 Amps and its a pretty big room.
Though I am a student doing Btech and have been  trying to to understand how it could possibly get me advantage.
Feel free to contact me.

[bitcoinisfurture]

How are you all getting free electricity? Is it in a legitimate way or otherwise?

[dvnll]

How are you all getting free electricity? Is it in a legitimate way or otherwise?

I am living in a hostel so have to pay an annual rent.The usage is unlimited and 4 sec power backup is also available.

[arvindr]

How are you all getting free electricity? Is it in a legitimate way or otherwise?

I am living in a hostel so have to pay an annual rent.The usage is unlimited and 4 sec power backup is also available.

You might want to check the specs of the electricity system of your hostel. A lot of them, cannot handle large power loads if your miner takes up too much of it.
But if you haven't had issues till now, then I guess you should be fine.

[Babba D]

lol free electricity , ?

hehe lol kidding

[suman66]

haha free electricity is only possible in India  (Indian is great)

[arvindr]

At the current price, does having free electricity make mining profitable ?

[cryptoforcause]

wtf? Free electricity? Can u please tell where do u live? Curious now hehe

[suman66]

wtf? Free electricity? Can u please tell where do u live? Curious now hehe

In hostel

[ashokcan143]

Please post your query here if any..i am ready to resolve any.... if you have multiple GPU's or ASIC's also we can put them to work...

Please call me @ 9620392097 for quick discussion.

hi frnd , myself ashok
im also staying in bangalore , and im interested in bitcoin mining
can you please provide me some details about where can i buy mining hardware in india and how to setup those to get it work.
reply could be thankful.
 

[micky123]

Please post your query here if any..i am ready to resolve any.... if you have multiple GPU's or ASIC's also we can put them to work...

Please call me @ 9620392097 for quick discussion.

hi frnd , myself ashok
im also staying in bangalore , and im interested in bitcoin mining
can you please provide me some details about where can i buy mining hardware in india and how to setup those to get it work.
reply could be thankful.
 

Hi Ashok,

It is not a good idea to get into Bitcoin mining at this point in time. The only thing you will make by doing so are losses. The cost of running a bitcoin miner cannot be justified at this point in time as it will drain all your resources while giving you little or nothing in return. I suggest you wait for the price to rise a bit if you are considering mining. Alternatively, try and trade bitcoin, which will give you more return on the investment that you make. You could also try alt coin trading but that holds a considerably bigger risk than trading in Bitcoin.

Friendly Reminder: Only invest what you can afford to lose. Never take a loan for speculative investments!