Topic: [CLOSED] Call for investors. Let's build a huge bitcoin mining DC together. - page 2. (Read 12732 times)
June 13, 2011, 06:04:05 AM
Looks interesting, i'll keep an eye on this
June 12, 2011, 01:12:43 PM
I have now exactly one spot for an order valued at 15 000£ on terms described in OP. First come, first served.
June 11, 2011, 03:58:43 PM
No it is not at Node4, whatever node4 is. If node4 is some kind of DC or colo provider than the chances are that my recurrent prices would be 300-500% and initial prices 80% higher if I was there.
DC0 is in my garage, DC1 is another location, DC2 project is on hold with lease signed by site owner but not yet signed by me, DC3 is another site which is about to go online (any day now), lease for DC4 site is being worked on.
I generally have to go for another DC everytime I suck out all the juice (electricity) available in vicinity of the site
.
Ordering own electricity substation so far is rather cost prohibitive and what's more important takes rather long time.
DC0 is in my garage, DC1 is another location, DC2 project is on hold with lease signed by site owner but not yet signed by me, DC3 is another site which is about to go online (any day now), lease for DC4 site is being worked on.
I generally have to go for another DC everytime I suck out all the juice (electricity) available in vicinity of the site
. Ordering own electricity substation so far is rather cost prohibitive and what's more important takes rather long time.
June 11, 2011, 12:19:41 PM
Currently this offer is temporarily "on hold" due to already received funding and brisk sales of regular mining contracts.
Once DC3 is fully on-line and further expansion plans are drawn with better certainty for next few month I will activate this offer again.
Meanwhile, do not hesitate to contact me if you have any questions.
Once DC3 is fully on-line and further expansion plans are drawn with better certainty for next few month I will activate this offer again.
Meanwhile, do not hesitate to contact me if you have any questions.
Are you at Node4's DC3 ? If so I can vouch for Node4, quality service
June 11, 2011, 12:16:04 PM
Here you go...
tomorrow exchange rate of bitcoin goes to 0 and stays there forever. You've just lost 100% of your bitcoin investments while me and my investors will have some computer hardware and a working supercomputer which coluld be sold or may be used to mine namecoins or bitcoin 2.0 or towncoins or googlecoins or visacoins or ciacoins or even fedcoins or carotcoins to be rented out to GCHQ or something else.
Goodbye.
tomorrow exchange rate of bitcoin goes to 0 and stays there forever. You've just lost 100% of your bitcoin investments while me and my investors will have some computer hardware and a working supercomputer which coluld be sold or may be used to mine namecoins or bitcoin 2.0 or towncoins or googlecoins or visacoins or ciacoins or even fedcoins or carotcoins to be rented out to GCHQ or something else.
Goodbye.
You didn't think it would be that easy...
It's time to look at the number once again...
Thats where the answers will be found...
Not in peoples lofty dreams...
So Im going to assume that if bitcoins fall to 0 overnight, the value of the equipment will probably fall to something like 50%. So your investors are risking:
1000 investment + 100 monthly payment - 500*65% value of investment after BTC becomes worthless = 775GBP
Now what I am going to do is buy coins today for 775GBP.
That would equal about 150 coins.
Now every month I will spend the 100GBP buying coins. With average difficulty level of 1M, I should be able to pick up at least on average 10 coins per month. After a year I have 260 coins this way and risked exactly the same as you.
You might argue, but what if price goes up a lot... Well then difficulty will do the same, so it will be worse for you because I get most of my coins in the beginning... Even giving you the very favorable assumption of average 1M difficulty over the next year, which I think most would agree is kinda unrealistic...
The end of the story is:
Your clients risk: 775GBP to gain 237 Bitcoins.
Buying bitcoins risk: 775GBP to gain 260 Bitcoins.
And that my friend is why its called a risk/reward profile and why you just don't look at the risk or reward in isolation.
Investing in bitcoin mining today is questionable...
Investing in bitcoin mining today keeping only 65% is outright terrible...
If its a bad investment...
There is no way you can play around with numbers to make it good...
Its the beauty of the game...
The reason you are wrong if the following.
The end of the story is:
Your clients risk: 775GBP to gain 237 Bitcoins with no computational experience or hassle of having multiple servers in their homes + a server farm that can do other tasks, if the worst comes to the worst, you could sell the ATI cards and buy hard drives and bandwidth and just use all of the 'rigs's as dedicated website/storage/game servers.
Buying bitcoins risk: 775GBP to gain 260 Bitcoins.
And this is why his service makes so much sense. 23 bitcoins is negligent considering the advantages.
June 09, 2011, 08:27:25 AM
Currently this offer is temporarily "on hold" due to already received funding and brisk sales of regular mining contracts.
Once DC3 is fully on-line and further expansion plans are drawn with better certainty for next few month I will activate this offer again.
Meanwhile, do not hesitate to contact me if you have any questions.
Once DC3 is fully on-line and further expansion plans are drawn with better certainty for next few month I will activate this offer again.
Meanwhile, do not hesitate to contact me if you have any questions.
June 09, 2011, 07:51:20 AM
How much hash does 22K get one? And we would own it foreve?
June 09, 2011, 06:56:42 AM
In Europe there are still a lot of 58xx cards on sale... 
June 09, 2011, 06:38:10 AM
Where you found those?
DISHWARA is trying to buy 8*3 of those and found only two. :/
DISHWARA is trying to buy 8*3 of those and found only two. :/
June 09, 2011, 01:32:19 AM
As far I know no GBLSE project posted yet related to this. I am definitely not going to do it myself. But will do my best to help whoever does it.
Sorry, if I was slow to respond to queries related to this thread in last two days. Lot's of things are going on right now here. I have finished all the formalities and got the keys from DC3 site yesterday. Move in works are in progress right now. Lots to do.
Below is a picture of a bunch of 5870's waiting deployment in DC3:
Sorry, if I was slow to respond to queries related to this thread in last two days. Lot's of things are going on right now here. I have finished all the formalities and got the keys from DC3 site yesterday. Move in works are in progress right now. Lots to do.
Below is a picture of a bunch of 5870's waiting deployment in DC3:
June 09, 2011, 01:18:00 AM
Hi.
Is there already glbse posted for this project?
I've contemplated setting such DC myself, seeing that my mining halted to a grind, but would be definitely interested to invest in such opportunity.
Is there already glbse posted for this project?
I've contemplated setting such DC myself, seeing that my mining halted to a grind, but would be definitely interested to invest in such opportunity.
June 03, 2011, 09:06:37 PM
ooh thats sexy. i had a box about 3/4 that size with 5850s just a day ago. To bad i didnt have more money or i would really think about giving this a shot. im keeping my eye on this thread i want to see how this turns out and how to see you succeed with this.
June 03, 2011, 07:43:00 PM
one more picture :-)
June 03, 2011, 07:13:57 AM
F.A.Q Updated
Q4. Do you hand out guarantees/contracts/SLAs that include also commitments/penalty payments from your side if a rig goes down?
A4. Indeed I do offer a SLA in form of zero-variance computational results delivery. When a customer elects zero-variance option he will receive on daily basis as many bitcoins as statistically expected for given Ghps hashing capacity. For comparison, some pools charge as much as 10% for "reduced variance" which is even not as good as my zero-variance delivery.
Q4. Do you hand out guarantees/contracts/SLAs that include also commitments/penalty payments from your side if a rig goes down?
A4. Indeed I do offer a SLA in form of zero-variance computational results delivery. When a customer elects zero-variance option he will receive on daily basis as many bitcoins as statistically expected for given Ghps hashing capacity. For comparison, some pools charge as much as 10% for "reduced variance" which is even not as good as my zero-variance delivery.
June 01, 2011, 04:33:53 PM
You miss the point. He doesn't lose "everything" even if the value of bitcoins crashes to a cent and the currency becomes outlawed on all 5 continents under the penalty of death. He can just suspend the electricity, internet access etc.. Until it becomes profitable again (either for himself or his clients).
Even if it doesn't, he has physical hardware that can either
1. be easily sold for around 60-80% of it's original value depending on how soon this hypothetical massive crash and outlawing would occur (yes you can argue this is a loss, but depreciation of 20% is better than 99.999% depreciation through direct purchase of BTC)
2. used for any other number crunching/cryptographic scheme that requires mass computational power.
Mining bitcoins is a much more economically sound strategy than large direct, speculative purchases.
Even if it doesn't, he has physical hardware that can either
1. be easily sold for around 60-80% of it's original value depending on how soon this hypothetical massive crash and outlawing would occur (yes you can argue this is a loss, but depreciation of 20% is better than 99.999% depreciation through direct purchase of BTC)
2. used for any other number crunching/cryptographic scheme that requires mass computational power.
Mining bitcoins is a much more economically sound strategy than large direct, speculative purchases.
May 31, 2011, 08:46:05 PM
Q3. What type of hardware are investors investing in?
A3. GPU based high end mining systems. Only high quality components with mix of 6990's and 5970's. As they say... a picture is better than 1000 words and I have two pictures for you. This is shelf 1 in DC1, fairly typical unit, DC3 will be quite similar.
A3. GPU based high end mining systems. Only high quality components with mix of 6990's and 5970's. As they say... a picture is better than 1000 words and I have two pictures for you. This is shelf 1 in DC1, fairly typical unit, DC3 will be quite similar.
May 31, 2011, 04:42:39 PM
It is estimated that it will cost, on per Ghps basis, 1000£ to build and deploy the hardware followed by 100£ per month to run it.
Are the 100£ per GHPS per month covered by the 30% revenue to the operator?
Edit: Seriously, read the thread!
May 31, 2011, 04:35:09 PM
tomorrow exchange rate of bitcoin goes to 0 and stays there forever. You've just lost 100% of your bitcoin investments while me and my investors will have some computer hardware and a working supercomputer which coluld be sold or may be used to mine namecoins or bitcoin 2.0 or towncoins or googlecoins or visacoins or ciacoins or even fedcoins or carotcoins to be rented out to GCHQ or something else.
Don't forget Casascius coins!
May 31, 2011, 11:11:44 AM
I have some significant money lying around... But not enough to invest directly...
So, can someone open something on GLBSE? Please?
So, can someone open something on GLBSE? Please?
May 31, 2011, 08:58:36 AM
Was talking about ASIC with someone not too long ago, we came to the conclusion that we would probably need something along the lines of USD$1Million. We also came to the conclusion that the bitcoin economy couldn't handle a venture that size at the moment as it would essentailly be a 1million withdrawl from the bitcoin economy.
Right now I don't think the price of bitcoin is high enough to justify something like this.
Right now I don't think the price of bitcoin is high enough to justify something like this.
This is exactly results of my research done half year ago. Investing into ASIC's makes not much sense before 1 BTC hits 100$. Though, if someone proves me wrong, I will not be surprised.
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