Topic: Initial Financing for Mining Farm Project (Read 69 times)

First of all, let’s start with your address to me as ‘scummr friend.’

We do not know each other, so we are not friends.

Secondly, there are no financial obligations between us, so calling it a scam is your assumption.

Thirdly, I wrote that I am willing to reveal my identity in a private chat if I understand that we are discussing a serious matter. For some reason, you insist that I disclose something to you.

Anyone interested can write to me in a private chat, and revealing all my personal information on a public site, which is known for having mostly anonymous users, is contradictory.

I also would like to provide a more wide answer for those who might be interested in our conversation.


How I convince a potentially interested investor in private communication is my business, which should not be brought to the public. I believe in our project and have enough arguments to demonstrate its potential and feasibility. I think it is quite clear that I do not want to reveal these details to absolutely everyone, considering that the overwhelming majority are either not interested in my proposal or do not have the necessary amount for investment.


It would be better if you spoke for yourself rather than for everyone. If you were genuinely interested, you could have written to me privately and inquired about the details. Instead, you are just stating something that is exclusively your opinion and, for some reason, attributing it to other users.

You are an interesting person. For some reason, you assume that I am trying to deceive someone, even though no means have been provided for that to happen. We are currently having a discussion on the level of "talking," not on the level of "acting." So far, no specific questions have been asked or specific proposals made, so it is unclear to me whether there is any interest from your side in my proposal.

However, in the absence of all this, you are suggesting that I should immediately reveal personal information, even though there is absolutely no basis (so far) to believe that this will help attract the attention of a potential investor. If someone is interested in the proposal, they will show interest to the offer itself without my initial disclosure of identity. If it is not interesting to anyone, then revealing my identity will not serve as an additional argument for someone to change their mind. They don't know me as I am either way, but we can get acquaint if what I propose turns out to be interesting to someone.

Your suggestion is that I immediately reveal who I am, even though this is an irreversible action, which may not even lead to the result I desire (and I do not plan to leave the forum, nor do I understand leading you logic why others have the right to maintain privacy while I do not). I believe that accusing someone of scamming requires much more basis and evidence. I have not given reasons to think so, so your accusations are unfounded and offensive.

In that private communication, you will do your best to convince him/her to invest without community involvement (i.e. trust me). If you have a potential legitimate project, tell us who you are.

(If you think I'm crazy - good news!  People will back you as soon as you explain why anyone woulc give you $150K without knowing who the money is going to)

You are a decade late, my scammr friend. 

I am ready to disclose my identity, as well as that of other team members, but only in private communication with a potentially interested investor. I will not reveal my personal details to all members of the forum, especially considering that the forum is originally characterized by anonymity and privacy. I don't know if doing so would even lead to the desired outcome.


The conditions in our Ukrainian banks are currently set up in such a way that people simply cannot meet them. This is done to seize collateral, which is usually priced much higher than the loan amount. It's a scheme that has existed in post-Soviet countries for about 30 years, and now, during the war, it has become even more widespread.

I can immediately tell that you’re a foreigner from some developed and sensible country, where bank loans are not given at 45-60% annual interest rates (moreover, these loans are tied to the dollar, not to the constantly depreciating national currency), and where banks don't try to take away a person’s last home. But these are the conditions I live under. If there were an opportunity to approach a decent bank with fair terms, I would have done so. However, I should note that I have already explored all local options and made attempts to use them. Currently, they are simply not viable at all.

There is also no separate Ukrainian section on the forum, only a thread, which has limited activity. I reached out to those Ukrainian forum members whom I trust and am now following their advice. However, as I’ve already mentioned, the investment climate in Ukraine is extremely challenging right now, with most people struggling to afford even basic survival.


Of course, no one invests based solely on words. However, to reveal additional details, we need to ensure that we are sharing them with a specific interested person and not publicly. If such a person is found, I will provide my personal information, including a link to my LinkedIn profile, and we can continue the conversation and discuss terms privately or in any other convenient format.

We are open to feedback and willing to consider other terms (aside from increasing the profit percentage) if we are convinced that someone is genuinely interested and has serious intentions. Everything can be discussed, and common ground can be found. Under these conditions, we are also open to sharing project details and involving the investor in the specifics.


I have no intention of remaining anonymous when it comes to securing the necessary funding. I was merely responding to your question within the logic in which it was posed.


You asked about collateral in case I want to remain anonymous, which is why I inquired whether collateral is required only under such conditions. Additionally, I would like to know if you are personally interested in my proposal.

I don't know but your timing is not ideal as investing $150k or about 2.3 BTC for a mining project and promising a return on capital plus 10% doesn't seem attractive with the possibility of Bitcoin rising to $140k by next September.

Also the promise of 1 BTC during this period plus a return on capital plus 10% profit seems very exaggerated unless you specify the country and average electricity costs.

In such projects unless you appear professional it is difficult to find an investor who pays $70k.
It is easy to get a one who pays $10k in such investments but you need to hire a good financial and legal advisor to ensure that 15 investors join with an average of $10k.

I know some people who might be interested but now is not the ideal time, mining projects usually do well in the mining winter when it is difficult to make profits from trading.

anyway good luck

I cannot speak for the crypto lenders here, as they operate under different expectations, but normally, an investor will want to make sure he is not getting scammed.    If you reveal your team, you're don't shrug off financial responsibility (like get incorporated),  and have a good business plan, a lender may offer you a loan here - but you'd get much better rates at a local bank.

Sounds like you want to remain anonymous.   You can read my post on good collateral, but I'll save you time - no one here will lend you $150K based on words alone.

Do you mean that collateral is only needed if we won’t open our identities?

We are open to reveal our identities if I make sure that I get some serious interest from someone and intention to make a deal.

I also would like to know what exactly could be a collateral. So that we know what are the options.

Do you wish to remain anonymous?  If so, what collateral do you offer?

I would like to address the forum community regarding the following offer. I am working with a team of professionals who are aiming to find an Investor to build and manage bitcoin mining farm, which will be located either in Scandinavia or the USA. Currently, our main task is to find a Main Investor who will join the company by providing funding for the launch of the farm, while we, as a team, fully take on the operational activities. We have experience working on such projects as hired employees, but we desire to make a step forward and enter this project on more equal positions.

We handle all the procedural matters, ensuring the farm's operation. The Main Investor receives 75% of the net profit, while we (the entire team, 4 people) receive 25%. If someone is interested, I will send a project proposal with detailed information.

For almost a year, we have been operating in self-financing mode, without external funding. The preparatory phase, which has taken 9 months so far, has been entirely funded by the project participants. Now we have reached the stage where it is necessary to establish a company, engage a legal consultant (specializing in the crypto space), and order technical and legal due diligence for the potential farm location. This requires initial funding that, unfortunately, can no longer be provided solely through our efforts.

Since all our team is from Ukraine, we face lots of obstacles, regarding engaging finances withing our national financial system and private investors. Ukraine has been suffering from war for 2,5 years, I guess there is no need to describe how unpleasant the investment background is right now.  Therefore, we are seeking someone who can finance this first stage of our project.

We need $150,000, which we plan to repay in a year, along with a 15% investor interest on top. Additionally, we offer 1 BTC in the event of a successful farm launch (if we manage to secure a Main Investor and build the farm by then).

I believe that our specialized crypto forum is much more receptive to such matters than direct appeals to people who are involved in completely different businesses. I don’t view our offer as a hidden loan, as I am openly explaining what these funds are needed for. I also believe that there should be an interest rate involved so that the First-Stage investor is incentivized to participate in this venture.

What will these funds be used for?
•      Creation of a company whose purpose is managing the crypto farm and investment activities (October-November)
•      Creation of company's identity (November-January)
•   Hiring a specialist or company as a legal advisor (October)
•   Legal support for the creation and operation of the company (October-November)
•   Business trips for that members of our team who are currently not in Ukraine to countries where the crypto farm locations are situated (October-January)
•   Business meetings with investment funds and private investors (October-January)
•   Attending leading crypto conferences (October-January)
•   Legal and technical inspections of the locations (November-January)
•   Payment for services provided by contractors:
        1.   Consultations with electricity suppliers
        2.   Consultations and development of the technical specifications for the crypto farm location
        3.   Brokerage services for location search (engagement fee)
        4.   Consultations on spot electricity trading and the FRR market
        5.   Development of a Heat Recapture Technology plan (possibility of selling the heat)
        6.   Consultations and work with government representatives regarding permits for the crypto farm's operations

Investor Interest for the First Stage of Investment:

After one year from the investment, the First-Stage Investor will receive back the principal investment and 15% profit.
In the event of a successful launch of the project, at the end of the first year of the crypto farm's operation, the First-Stage Investor will also receive an additional amount of 1 BTC , along with the return of the body ($150,000) and 15% ($22,500).
Additionally, the Investor in the first stage will have access to the entire project's pipeline.
The second and third stages of investment are planned after the company is established.

Project Pipeline (more details are provided in the proposal for building the crypto farm):
1.   October-January (execution of tasks for the first round of investment)
2.   December-February (execution of tasks for the second round of investment)
3.   February-September (execution of tasks for the third round of investment)
The pipeline starts from receiving the first amount of investment and ends with the construction of the crypto farm.

I understand that attracting investments is always associated with doubts and risks. I am ready to answer all specific questions, if there is genuine interest and proposals, rather than just comments suggesting that we won't succeed. We are not going to abandon our plan, despite hearing from all sides how unrealistic it is, especially for people in a country where there is such a continuous war. We are exploring all possible options and believe that we can achieve our goals. We would be happy to welcome those who are sincerely willing to join us.