Bitcoin ATM Operator Looking to Partner with local Miners (USA)

BTCATMOp

copper member

Activity: 4

Merit: 0

Quote from: wrangler882 on March 20, 2022, 02:09:26 AM

Quote from: BTCATMOp on March 15, 2022, 03:48:32 PM

I own a medium sized Bitcoin ATM network in the state of Georgia (USA) and am looking to partner with nearby miners to source a consistent supply of Bitcoin to service our machines. We can make consistent weekly or monthly purchases. Would prefer miners within a 1-2 state radius but willing to go out further if needed.

If interested, send me a message here to discuss further. Thanks!

hello. I could not PM you because new accounts cannot message you (you can enable in settings) https://bitcointalksearch.org/user/wrangler882-3458444

PM me if you'd like to discuss further. I am interested.

Setting adjusted and message sent

wrangler882

newbie

Activity: 1

Merit: 0

Quote from: BTCATMOp on March 15, 2022, 03:48:32 PM

I own a medium sized Bitcoin ATM network in the state of Georgia (USA) and am looking to partner with nearby miners to source a consistent supply of Bitcoin to service our machines. We can make consistent weekly or monthly purchases. Would prefer miners within a 1-2 state radius but willing to go out further if needed.

If interested, send me a message here to discuss further. Thanks!

hello. I could not PM you because new accounts cannot message you (you can enable in settings) https://bitcointalksearch.org/user/wrangler882-3458444

PM me if you'd like to discuss further. I am interested.

WhyFhy

hero member

Activity: 1438

Merit: 513

Quote from: BTCATMOp on March 17, 2022, 03:45:04 PM

I've been down those roads with most of the players that you are thinking about, including services that specialize in getting business like mine banked. I'm not going to get into details but the saga involves several closed accounts (Coinbase and Chase included) and outright rejections unless we do at least $1 mil/month in deposits. There is one specialty service that focuses on selling BTC to people in my position but they charge well above market rate and the cash must be mailed to them.

It's just much easier to source from the community. It closes the ecosystem loop and eliminates a lot of intermediate processes, fees, and lag.

I've looked at it from your paradigm ,the final solution, its time to get into mining . (BitMax is right) Purchase bitcoins from exchanges and rent rigs from mrr. or use your cash capitol for to purchase a few miners locally.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Why not deal with someone here or do P2P if your purpose is clean Coins then buying BTC to P2P exchange or someone then uses a mixer can make your coins clean.

There is someone here who accepts any payment methods except Paypal or go to P2P exchange like https://bisq.network/ it won't need any KYC or to be bank just to have a bitcoin if you want to make them clean after you buy those coins then use a mixer like Chipmixer or any other tumbler out there to have a clean Bitcoins that you can put in your ATM machines.

But if your purpose is to receive new coins then the only option is to find someone or a company that mines BTC and I think only pool operators can provide such a thing.
Or mine with yourself you can buy hashrate on some marketplaces to mine Bitcoin like Nicehash Marketplace or Mining Rig renatals I'm sure you can get new and clean BTC.

BTCATMOp

copper member

Activity: 4

Merit: 0

I've been down those roads with most of the players that you are thinking about, including services that specialize in getting business like mine banked. I'm not going to get into details but the saga involves several closed accounts (Coinbase and Chase included) and outright rejections unless we do at least $1 mil/month in deposits. There is one specialty service that focuses on selling BTC to people in my position but they charge well above market rate and the cash must be mailed to them.

It's just much easier to source from the community. It closes the ecosystem loop and eliminates a lot of intermediate processes, fees, and lag.

WhyFhy

hero member

Activity: 1438

Merit: 513

Quote from: BTCATMOp on March 16, 2022, 10:28:38 AM

The rate is negotiable. The advantage of dealing with us is that you would have a consistent cash buyer and all the perks that come from private cash purchases which is appealing for some miners. The problem with using an exchange is that we need to be banked and banks aren't willing to onboard a bitcoin company like mine unless we do really high volume. As we are still a regional operator, we don't yet have the volume required to be banked and therefore be able to use an exchange. This is why we have typically sourced from miners and other ecosystem participants. However, we've outgrown our current sources and need to cultivate additional relationships.

Coinbase would be happy to onboard you. Chase would also be happy to be the middleman for your cash deposits before they land on the coinbase exchange (no matter the revenue for both) . And they are both FDIC insured. Do you have an LLC? Not having one at all complicates things and makes it look like your laundering money to small banks/ credit unions (even though you probably are not) Majority of your "sovereign citizens" can't hide op sizes you are aiming for, You've entered new territory people with the BTC capitol you seek know you make %8-11 a sale and dont care about how much your paying vendors so if your pocketing 4-8% and trying to squeeze a little more profits for trades you are going to be hard pressed. good luck !

BTCATMOp

copper member

Activity: 4

Merit: 0

The rate is negotiable. The advantage of dealing with us is that you would have a consistent cash buyer and all the perks that come from private cash purchases which is appealing for some miners. The problem with using an exchange is that we need to be banked and banks aren't willing to onboard a bitcoin company like mine unless we do really high volume. As we are still a regional operator, we don't yet have the volume required to be banked and therefore be able to use an exchange. This is why we have typically sourced from miners and other ecosystem participants. However, we've outgrown our current sources and need to cultivate additional relationships.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

what are your rates for buying Bitcoin?
Why don't you just buy BTC in exchanges?
Did you try to contact pool operators? Maybe they can provide service in your Bitcoin ATM check this https://miningpoolstats.stream/bitcoin then contact them and maybe one of them can provide the exact service that you need.

I don't think someone here will take this offer unless you offer higher than the current Bitcoin price. So if you want to buy BTC at the current price buying directly on exchanges is best than looking for miners here to provide BTC in your Bitcoin ATM.

BTCATMOp

copper member

Activity: 4

Merit: 0

I own a medium sized Bitcoin ATM network in the state of Georgia (USA) and am looking to partner with nearby miners to source a consistent supply of Bitcoin to service our machines. We can make consistent weekly or monthly purchases. Would prefer miners within a 1-2 state radius but willing to go out further if needed.

If interested, send me a message here to discuss further. Thanks!

Topic: Bitcoin ATM Operator Looking to Partner with local Miners (USA) (Read 212 times)