Bitcoin Forum
June 25, 2018, 08:23:57 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: [1]
  Print  
Author Topic: Project Hera - Relaunching a 200 THash mine / 1 Petahash goal within 2015  (Read 1018 times)
erskPeter
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
March 03, 2015, 06:26:25 PM
 #1

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.
1529958237
Hero Member
*
Offline Offline

Posts: 1529958237

View Profile Personal Message (Offline)

Ignore
1529958237
Reply with quote  #2

1529958237
Report to moderator
1529958237
Hero Member
*
Offline Offline

Posts: 1529958237

View Profile Personal Message (Offline)

Ignore
1529958237
Reply with quote  #2

1529958237
Report to moderator
Automated Bitcoin Fork Extraction Tool WE DO TOUGH WALLETS: BCH | BTG | BCD | SBTC | UBTC | B2X | BCX | BTF Electrum 2FA, Trezor, Ledger, SegWit, Bech32
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
erskPeter
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
March 03, 2015, 06:26:40 PM
 #2

Reserved for Q&A
Roquene
Hero Member
*****
Offline Offline

Activity: 420
Merit: 500


View Profile
March 03, 2015, 06:35:57 PM
 #3

Ah, now we know where the AMhash miners are.
Do you also have a cat gagged in the basement?
erskPeter
Full Member
***
Offline Offline

Activity: 121
Merit: 100


View Profile
March 03, 2015, 06:37:56 PM
 #4

Ah, now we know where the AMhash miners are.
Do you also have a cat gagged in the basement?

Entertaining, i hope you are kidding  Smiley
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!