Good idea - I'd probably go for a revenue split version rather than GLBSE.
One potential problem is if difficulty went up a lot and prices fell, then it might not be profitable.
Topic: Appetite for debt issued from my mining business - page 2. (Read 2413 times)
I'm pirateat40 and approve this message.
Hello Fellow Bitcoiners,
As you know (or may not know) I have a mining business consisting of about 32Gh at the moment and still growing. Up until now, I have self funded. I am looking to see if there is an appetite from other bitcoin enthusiasts who would like to invest in this type of business and if so, how would you like to invest. I see really two options available at this time.
I have plenty of room for expansion include 208v 200 amp three phase power and plenty of HVAC. I could easily do 3-5 times the hashing power I have now without issue. Also, my facilities are insured with proper security and fire detection.
As for my credentials, I have become a trusted trader on the -otc, I won the "world's best rig builder award" competition put on by coinconnect and I have been an active forum member contributing my experiences in the mining and hardware sub forums and more recently in the marketplace. I also own a Florida based business which runs and operates the actual mining operations.
I hope to get constructive feedback in this thread. If you think this is a risky venture (which it is) or would like to troll the thread for some other reason, please take it elsewhere. If you would like to contact me in private, just send me a PM.
Thanks and I look forward to your feedback.
gigavps
As you know (or may not know) I have a mining business consisting of about 32Gh at the moment and still growing. Up until now, I have self funded. I am looking to see if there is an appetite from other bitcoin enthusiasts who would like to invest in this type of business and if so, how would you like to invest. I see really two options available at this time.
- Take on a couple (two or three) private investor with a revenue split until the debt is repaid.
- Setup a bond on the GLBSE which would allow more individuals to invest in smaller amounts. Maybe the bond would pay 4% a month?
I have plenty of room for expansion include 208v 200 amp three phase power and plenty of HVAC. I could easily do 3-5 times the hashing power I have now without issue. Also, my facilities are insured with proper security and fire detection.
As for my credentials, I have become a trusted trader on the -otc, I won the "world's best rig builder award" competition put on by coinconnect and I have been an active forum member contributing my experiences in the mining and hardware sub forums and more recently in the marketplace. I also own a Florida based business which runs and operates the actual mining operations.
I hope to get constructive feedback in this thread. If you think this is a risky venture (which it is) or would like to troll the thread for some other reason, please take it elsewhere. If you would like to contact me in private, just send me a PM.
Thanks and I look forward to your feedback.
gigavps
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