i wish you luck but simply put you havent even started to cover the problems thst can and will arise. You cant cover the deal yourself which tells me when there is a problem and there will be..how will you be able to handle this?
You are banking on gear you dont have, that currently doesnt exist….(there is no asic that can do all the aglso you listed that should be a huge red flag to all). You are in NDA with a company who makes asics so…$2.5 million is small change to them. Then there is the power issue which you are correct is an issue and a wildcard.
Then there is the whole you mist visit in person (when that is very impractical today…see if you actually travel internationally borders are not open pre covid…a lot of countries you cant enter period).
As for rent…sorry nobody is renting hash power at less than market value. And that is the carrot you are dangling. Not EVEN the ASIC maker….. if its more profitable for the maker to run the unit then they do. Why would you be any different? Why would they let you? Even for the paltry $2.5 million. For eth asics thats not many units…fix in a 20ft shipping container with plenty of space to spare. But then again if it was a real asic it would not have listed so that wide array of algos…which is why this is a scam.
Rvn and eth really….thats some funny stuff….
Topic: Large cloud mining - a good offer? (Read 62 times)
Hey miner29
There is also option number 3, its legit. But I understand your skepticism, within this space it is healthy to question everything you hear / read.
The first and perhaps most important question: Why should I give away 400k to someone else? It's easy, I can not raise that kind of funds without getting a loan. And I refuse to put myself in debt to mine crypto. That has been my principle since i started. It would be easier to have someone rent the hashing power instead. And keep me out of debt. It is simple as that.
And i am not worried that im beeing scamed either. First of all, i contated them through an official chanel. This is not a company that you never heard of, its a big one, you know who they are if you hear the name. Its known to ever single miner. No doubt.
The reason im not so open about who they are is that they made me signed an NDA for this. I will hovever have access to a test unit soon.
The only thing i can say it is that its not gpus, its ASIC.
The power cost, yes, that is tricky. The mine that i have now is quite small (compared to this). And we live in a place where we have limited access to power. If this goes through we need to up our fuses - by alot. Or we have to move the operation to another region with more access to power. This is why i dont now the exact price. Also, the prices are out of contol in general. One month ago we paid, $11 cent per kilowatt hour. This month it was $8.9 cent. This is just the price for power, no transfer fees, vat or fixed fees are included. This price is more than twice the normal level for power in our region.
As you can see, its not easy to give a fixed price when the power live its own life
. So i included this just to give you an idea. The power draw is expected to be between 160 000-180 000w. I will know more when i have a test unit in my posession.
The rental issue, why do you think it would be impossible to rent out a protion of the hasing power to someone else? You said: "And you want to rent out some of the hash manually…..yeah that shows clearly how over your head you are in this." Do you mind explaining how that would be impossible?
I will not do any business over the internet. When the time comes i will invite interested people to visit me and we can discuss in detail with an accual mining unit at hand.
I do think its great to be skeptical, i did not expect anything else. Hopefully i can find pepole that are interesting and setup a meeting with when the time comes.
There is also option number 3, its legit. But I understand your skepticism, within this space it is healthy to question everything you hear / read.
The first and perhaps most important question: Why should I give away 400k to someone else? It's easy, I can not raise that kind of funds without getting a loan. And I refuse to put myself in debt to mine crypto. That has been my principle since i started. It would be easier to have someone rent the hashing power instead. And keep me out of debt. It is simple as that.
And i am not worried that im beeing scamed either. First of all, i contated them through an official chanel. This is not a company that you never heard of, its a big one, you know who they are if you hear the name. Its known to ever single miner. No doubt.
The reason im not so open about who they are is that they made me signed an NDA for this. I will hovever have access to a test unit soon.
The only thing i can say it is that its not gpus, its ASIC.
The power cost, yes, that is tricky. The mine that i have now is quite small (compared to this). And we live in a place where we have limited access to power. If this goes through we need to up our fuses - by alot. Or we have to move the operation to another region with more access to power. This is why i dont now the exact price. Also, the prices are out of contol in general. One month ago we paid, $11 cent per kilowatt hour. This month it was $8.9 cent. This is just the price for power, no transfer fees, vat or fixed fees are included. This price is more than twice the normal level for power in our region.
As you can see, its not easy to give a fixed price when the power live its own life
. So i included this just to give you an idea. The power draw is expected to be between 160 000-180 000w. I will know more when i have a test unit in my posession. The rental issue, why do you think it would be impossible to rent out a protion of the hasing power to someone else? You said: "And you want to rent out some of the hash manually…..yeah that shows clearly how over your head you are in this." Do you mind explaining how that would be impossible?
I will not do any business over the internet. When the time comes i will invite interested people to visit me and we can discuss in detail with an accual mining unit at hand.
I do think its great to be skeptical, i did not expect anything else. Hopefully i can find pepole that are interesting and setup a meeting with when the time comes.
You are either being scammed or you are trying to scam.
Dont know which but based on what youve provided detail wise…i would run away.
How are you even going to maintain thst gear….thats 1200-4000 gpus!
You dont even know what your power costs actually will be.
And you want to rent out some of the hash manually…..yeah that shows clearly how over your head you are in this.
The big red flag is you make 1/3 more if you dont find a renter….no honest deal would leave that on the table……its a scam or you are being scammed.
Dont know which but based on what youve provided detail wise…i would run away.
How are you even going to maintain thst gear….thats 1200-4000 gpus!
You dont even know what your power costs actually will be.
And you want to rent out some of the hash manually…..yeah that shows clearly how over your head you are in this.
The big red flag is you make 1/3 more if you dont find a renter….no honest deal would leave that on the table……its a scam or you are being scammed.
Hey Guys I have an opportunity to acquire mining equipment for ETH/ERGO/RVN/VTC/ETC the investment is around $2 500 000. The hashrate is around 122 400 mega hash per second (ETH). Now, to reduce my risk im thinking about to rent out half of this for one year.
Do you think this would this be interesting to rent for someone that for example rents hashrate on Nicehash or have their own mining operation?
Numbers:
Hashrate for rent: 61 200 Mh/s (+/- 3%)
Electric: $12 000/month (depending on energy prices of course)
Income/month: $146 000
Rent time 12 months
Price: $1 200 000
Profit, around $408 000
I do not have automated system for this so im thinking that i will just point the hashrate to the pool specified by the buyer and he will be in ownership of all coins genereated.
What you guys, think. Is this a good enough setup for someone to rent?
Do you think this would this be interesting to rent for someone that for example rents hashrate on Nicehash or have their own mining operation?
Numbers:
Hashrate for rent: 61 200 Mh/s (+/- 3%)
Electric: $12 000/month (depending on energy prices of course)
Income/month: $146 000
Rent time 12 months
Price: $1 200 000
Profit, around $408 000
I do not have automated system for this so im thinking that i will just point the hashrate to the pool specified by the buyer and he will be in ownership of all coins genereated.
What you guys, think. Is this a good enough setup for someone to rent?
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