Funding upstart - bitcoin maining | Bitcointalksearch.org

Hannu

hero member

Activity: 1061

Merit: 501

RIP: S5, A faithful device long time

Quote from: hannbj on June 22, 2019, 03:01:58 PM

Hello all

This forum is quit new for me. I have though noticed that her are lot of people that is experienced in mining.

The case is that I have access to a new HPC data center in north of Europe and there I have a offer to rent shelves for miners.
I have been studying the bitcoin business and there are great opportunities, but of course I realize that it is not only to cash in - you have to prepare your business for the life cycle of the bitcoin.

But as I said - I have a great chance to install computers in a new HPC facility data center, witch is a really great opportunity.
And did I have the computers ready I would have jumped on this opportunity - but there is a snag...... I do not possess the computers....

I know the wise man is probably going to tell me that it is a smart thing to start small, one ore few miners and build up slowly. And they are probably wright.
But the opportunity to be able to start up with from 96 to 448 (there is even a more space available) is making me mad.....

So my question to you guys, that have been in this business for a long time.... do know how I can raise money to buy computers (Antminer S17, 56/Ths)?
Is there some one at all that lends money to those who are starting a miner business?

Thanks for every advise you are about to give me

hannbj

20 dollars/24h its money anyway...

shield132

hero member

Activity: 2198

Merit: 847

Quote from: hannbj on June 22, 2019, 03:01:58 PM

Hello all

This forum is quit new for me. I have though noticed that her are lot of people that is experienced in mining.

The case is that I have access to a new HPC data center in north of Europe and there I have a offer to rent shelves for miners.
I have been studying the bitcoin business and there are great opportunities, but of course I realize that it is not only to cash in - you have to prepare your business for the life cycle of the bitcoin.

But as I said - I have a great chance to install computers in a new HPC facility data center, witch is a really great opportunity.
And did I have the computers ready I would have jumped on this opportunity - but there is a snag...... I do not possess the computers....

I know the wise man is probably going to tell me that it is a smart thing to start small, one ore few miners and build up slowly. And they are probably wright.
But the opportunity to be able to start up with from 96 to 448 (there is even a more space available) is making me mad.....

So my question to you guys, that have been in this business for a long time.... do know how I can raise money to buy computers (Antminer S17, 56/Ths)?
Is there some one at all that lends money to those who are starting a miner business?

Thanks for every advise you are about to give me

hannbj

The only chance for you to get money is loan from bank or you may get loan from there with some collateral which will be enough to buy 1-2 miner. Is there anything that you can actually do to raise money for mining? No. Vod answered you well, mining is different kind of business. In any way, you'll pay loan with mining profit so why not to buy miner yourself and let your mining rigs pay you loan back? All you can do is to offer people placing mining rigs in that datacenter and be supportive to them. Do you have tax free zone? I think no, so opportunities are limited.

josephdd1

hero member

Activity: 1358

Merit: 513

Quote from: Vod on June 22, 2019, 11:44:40 PM

Quote from: hannbj on June 22, 2019, 03:01:58 PM

So my question to you guys, that have been in this business for a long time.... do know how I can raise money to buy computers (Antminer S17, 56/Ths)?
Is there some one at all that lends money to those who are starting a miner business?

Are you planning to turn a profit with these miners? Obviously yes. So then why would someone lend to you when they could make the profit themselves?

Mining is risky. Earning from mining is riskier.
If you lend, you don't take the risk of not making your money back, instead you delegate that risk to the borrower. In this case, if the OP is able to gather the money, then he will promise to repay the lender even if his mining is unprofitable, the lender, whoever that is, will enjoy a guaranteed return on investment.

But guaranteed is a relative term. There's no saying if OP is genuine or not. Someone that can spell opportunity but says things like wright and replays is probably trying to be a bad speller to indicate their non-English European heritage.. lol.. just saying. not accusing. OP don't mind please.

hannbj

newbie

Activity: 3

Merit: 1

Thank for replays guys

Vod

legendary

Activity: 3668

Merit: 3010

Licking my boob since 1970

Quote from: hannbj on June 22, 2019, 03:01:58 PM

So my question to you guys, that have been in this business for a long time.... do know how I can raise money to buy computers (Antminer S17, 56/Ths)?
Is there some one at all that lends money to those who are starting a miner business?

Are you planning to turn a profit with these miners? Obviously yes. So then why would someone lend to you when they could make the profit themselves?

joniboini

legendary

Activity: 2170

Merit: 1789

I doubt there is any business that does that. You might be able to get a loan from some lenders but I don't think they'll buy your idea especially if you don't have any previous lending history or if you don't have a good credit profile.

But, this is just a speculation, you might find better odds if you post your proposal on Services and look for lenders. They might request to see the facility or location that you propose first though.

If that failed, then I guess you have to use your own money to start with 1 or 2 rig.

hannbj

newbie

Activity: 3

Merit: 1

Hello all

This forum is quit new for me. I have though noticed that her are lot of people that is experienced in mining.

The case is that I have access to a new HPC data center in north of Europe and there I have a offer to rent shelves for miners.
I have been studying the bitcoin business and there are great opportunities, but of course I realize that it is not only to cash in - you have to prepare your business for the life cycle of the bitcoin.

But as I said - I have a great chance to install computers in a new HPC facility data center, witch is a really great opportunity.
And did I have the computers ready I would have jumped on this opportunity - but there is a snag...... I do not possess the computers....

I know the wise man is probably going to tell me that it is a smart thing to start small, one ore few miners and build up slowly. And they are probably wright.
But the opportunity to be able to start up with from 96 to 448 (there is even a more space available) is making me mad.....

So my question to you guys, that have been in this business for a long time.... do know how I can raise money to buy computers (Antminer S17, 56/Ths)?
Is there some one at all that lends money to those who are starting a miner business?

Thanks for every advise you are about to give me

hannbj

Topic: Funding upstart - bitcoin maining (Read 193 times)