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March 03, 2015, 06:26:25 PM
Last edit: March 03, 2015, 09:00:17 PM by erskPeter |
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To all fellow investors,
I am a miner and investor like many others in this community, i have started experimenting with bitcoin in late 2012 and did a good deal of GPU mining before switching to ASIC and building my own small scale farm.
During 2013 I have relocated to China to benefit from cheap power and local availability of hardware. Through careful investments and management i have managed to deploy around ~200 THash worth of mining power, comprised mostly by AM BE200 powered devices and a mix of other manufacturers.
Despite mentioned advantages, Bitcoin price decline experienced during 2014 damaged the operation profitability, and being unable to find cheaper power sources i decided to shut it down and try sell the hardware on auction, unsuccessfully so. I have spent the last two months traveling around in order to find a place with the right conditions to relaunch the operation and expand it.
The result is a secure and reliable location in the Shaanxi province, which offers a competitive power rate, in the range of 0.05-0.07 USD cent per kW/h.
The goal is, as the title of this thread says, relocating and relaunching the mine, and with the help of investors expanding the hash power and rival the multi petahash chinese-owned farms.
Many thanks for taking the time to read through, I will post a full business plan along with a Q&A for those interested.
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