Mining Farm | Bitcointalksearch.org

AzakeB

member

Activity: 140

Merit: 12

Highest ROI crypto infrastructure

Quote from: kohlicool54 on December 05, 2017, 07:39:39 AM

Quote from: AzakeB on December 05, 2017, 04:47:13 AM

Hey,

have you considered to go another way?
You should definitely take a look at envion.org.
Very sophisticated and mature project with real professionals.

The offered solution were showcased in Berlin infront of investors, where a close relative attended this meetup.
This is a real project, with real people.

It takes your idea to an "easier" level and the execution might be much better than you can do by yourself.

They are not yet an established system or project.
the profit these miners are making are comparatively higher than the 160% they promising.

That's good. At least they don't overpromise something. I get what you want to tell me.
They will be definitely an established system. Let's be honest. Becoming a mining company isn't that difficult. The USP is getting into touch directly with power plants and energy producer/supplier.

okala

full member

Activity: 980

Merit: 115

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

Good idea as I had China has the cheapest electricity and the mining tools can easily gotten there. Hope you also study their laws on cryptocurrency to find out if it doesn't affect mining. Hong Kong is one of the good city you can used as the highest mining and cryptocurrencies activities is taking place there.

sam.mongolia

newbie

Activity: 3

Merit: 0

Hello,
I currently run a small bitcoin mining farm in Mongolia and I'm looking to expand. Where we are located we can get cheap power at .03¢ kWh and I am looking to expand the mine, wondering if there is anyone interested in investing into our operation to cooperate and take advantage of the cheap power where I live. The winter here is very cold (-30ºC) so this saves operating cost also.
If anyone is interested you can email me at [email protected]
Thanks.

kohlicool54

member

Activity: 61

Merit: 10

Quote from: AzakeB on December 05, 2017, 04:47:13 AM

Hey,

have you considered to go another way?
You should definitely take a look at envion.org.
Very sophisticated and mature project with real professionals.

The offered solution were showcased in Berlin infront of investors, where a close relative attended this meetup.
This is a real project, with real people.

It takes your idea to an "easier" level and the execution might be much better than you can do by yourself.

They are not yet an established system or project.
the profit these miners are making are comparatively higher than the 160% they promising.

AzakeB

member

Activity: 140

Merit: 12

Highest ROI crypto infrastructure

Hey,

have you considered to go another way?
You should definitely take a look at envion.org.
Very sophisticated and mature project with real professionals.

The offered solution were showcased in Berlin infront of investors, where a close relative attended this meetup.
This is a real project, with real people.

It takes your idea to an "easier" level and the execution might be much better than you can do by yourself.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: edwardchu on December 02, 2017, 04:48:19 AM

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

Hey I am from Hong Kong and had been doing business in China for many years.
As far as I know that China government have not banned mining activities yet, they just banned the bitcoin trading and some of the shitcoin trading activities, as many financial companies in china used Bitcoin to conduct illegal and do fund raising.
Electricity price in different province is different, the price is expensive in Beijing, Shanghai, Shenzhen and Guangzhou those 1-tier cities, but it is cheap in 3-tier cities in northern part of China as the temperature is much lower. The environment of the 3-tier cities are much better now and I think you can think about doing the mining farm there. You can now reach those 3rd-tier cities in 1 hours by high-speed train.
Let's have more discuss on it (PM me). I am looking for opportunity to build a mining farm in China as well.

Regards,
E11

What is the average temperature for these different cities? One of the biggest expenses, that adds a lot of cost is cooling. One

city might have cheap electricity, but the average temperature might be much higher than the other city in the colder region.

You should factor in the location based on the extra cooling requirements that you would have. {not just the hardware} Wink

FundFantasy

member

Activity: 182

Merit: 10

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

We think you should visit area far away from towns, look for electricity margins between areas

Good Luck ! Wink

Traderadex

newbie

Activity: 62

Merit: 0

Correct

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: Eshishkin on November 29, 2017, 05:28:32 PM

Dear members.
I'm from Russia and we got the government making the law for mining and ICO in june 2018 for legalization and taxes.
And the price for electricity in Moscow region you can find 2-3 rubles it's 3,5-5,1 cents USD.
If you go deep in country there are prices 1 ruble for kWt - it's 1,7 cents!!!
And nowadays many big corporations in my country with factories and stocks, with a lot of electricity are rebuilding them in mining parks.
So for our economics I see it's a very good view in future because a lot of investors are coming here who wants the efficient and legal mining.

Russia is really ripe for putting up a mining farm because the place is cold like China and electricity is very cheap as well. But the problem with Russia is that they are not friendly to bitcoin. It's already evident by the "contradicting" statement they are releasing. So if I where you I will not look at Russia as another option. To many politics also, and how do you know that they are legalizing mining and ICO in Russia? care to share you source?

As for China, Yes, its the best option for you. Bitcoin mining farm is thriving in Chinese provinces and we haven't heard that they are snapping on bitcoin mining farm, not yet. So you still have the time to established one in there.

Canada is a another option as what members says, Manitoba has a good weather that is ripe of doing mining. And if you are a US citizens, no language barrier. If you are going to deal with the Chinese, maybe a few will be lost in translation. I advise you keep your options open dude and not just look for China.

FAB_coin

newbie

Activity: 26

Merit: 0

Chinese energy isn't that cheap, you can get it cheaper in other countries. Iceland got very cheap thermopower and a cool climate as a bonus. Also if you don't speak Chinese and don't have any personal connections more than your friend id choose a different country if I were you. What country are you from?

Elseye

full member

Activity: 378

Merit: 100

ApolloX

In the footsteps of the leading companies... It's interesting, I believe that you're going to make a right move forward. Btw, someone posted about Japan, and I definitely wouldn't recommend you to try this variant, as they have really high prices both of rental and electricity.
Russia also seems good, though.

edwardchu

newbie

Activity: 2

Merit: 0

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

Hey I am from Hong Kong and had been doing business in China for many years.
As far as I know that China government have not banned mining activities yet, they just banned the bitcoin trading and some of the shitcoin trading activities, as many financial companies in china used Bitcoin to conduct illegal and do fund raising.
Electricity price in different province is different, the price is expensive in Beijing, Shanghai, Shenzhen and Guangzhou those 1-tier cities, but it is cheap in 3-tier cities in northern part of China as the temperature is much lower. The environment of the 3-tier cities are much better now and I think you can think about doing the mining farm there. You can now reach those 3rd-tier cities in 1 hours by high-speed train.
Let's have more discuss on it (PM me). I am looking for opportunity to build a mining farm in China as well.

Regards,
E11

bandofgypsys

full member

Activity: 166

Merit: 100

We have 3 cents CAD (2.4 cents USD) here in Manitoba (Canada) as a corporate rate once you hit a certain power consumption level. Good people as well, large building we're conducting dielectric fluid test as well. In the fluid you can expect 15% more that's reduced load and over clocking together.

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

I was amazed that a certain person did able to decide to live up on other country and leave his country home for the sake of mining. Price electricity on that country is really cheap which turns mining would really be a profitable things and regarding with your concern you would really need to approach a certain person who lives on there.Either on of your relatives or closest friends but if you dont have such thing then it would be hard to go on there without much knowledge on the place.

Norihiro

full member

Activity: 448

Merit: 102

APOLLOX Protocol

Somewhere where you will have an access to the hydro electricity, that's the key. You will need to accurately think over all aspects of the thing - where and what to buy, and then, how to transport it to the place of usage. Also, I'm wondering if there are any law restrictions?

Eshishkin

newbie

Activity: 4

Merit: 0

Colorblind
I cannot agree with you because my marketing team already has 2 miningparks in clients.
Both of them are near Moscow.
First is big factory in Pushkino (20 km from Moscow) with 54000 sq.meters and max electricity up to 100 mWt!!!
Right now we are building pilot project with them for 2000 meters and 10 mWt.
And these guys are very closely connected to government. Very very close )))
And second project is in Kaluga (about 100 km from Moscow), there are greenhouses and cheapest price for electricity, that company can get from government - 1,7 cents.
And about 3 new projects came to us only on this week!
So we got really big mining boom in Russia.
Analytics says that about 15% of all mining power will come to Russia in 2018.
Hundreds of old factories are dreaming to revive by this opportunity.

Colorblind

member

Activity: 392

Merit: 41

This text is irrelevant

Quote from: Eshishkin on November 29, 2017, 05:28:32 PM

Dear members.
I'm from Russia and we got the government making the law for mining and ICO in june 2018 for legalization and taxes.
And the price for electricity in Moscow region you can find 2-3 rubles it's 3,5-5,1 cents USD.
If you go deep in country there are prices 1 ruble for kWt - it's 1,7 cents!!!
And nowadays many big corporations in my country with factories and stocks, with a lot of electricity are rebuilding them in mining parks.
So for our economics I see it's a very good view in future because a lot of investors are coming here who wants the efficient and legal mining.

I was reading a lot about that matter. Currently legal status of crypto in Russia is not defined at all. There are notions to regulate crypto but those notions are stagnant (as far as I know deadline for legislation proposal was set to October 2017 but later postponed to summer 2018).
Mining equipment is not listed in any registers and legally speaking have as much value as tokens (zero value to be precise).
Electricity is cheap for individual but for people who buying in bulk it's much more expensive (2x-3x).
Overall this means that you may consider building a mining farm (for example somewhere in far east of Russia, close to China to cut logistics of ASIC's) but you should also consider hiring an armed guard to protect it since there is nothing law will do to help you, probably not even in 2018 at the very least.

As for the big corporations building "mining parks" - they not big and what you call parks are individual efforts from irresponsible people praying on "free" electricity. Those are spreading like a plague, but I believe Russia isn't the only country where this business "model" is popular.

Cubanlinx81

member

Activity: 373

Merit: 11

CryptoRex

Some small towns in Japanese are trying to attract mining farms; and even providing subsidies, as a way to help revitalize the declining populations in those areas. I am seriouly thinking about making such a move.

Bitcol

newbie

Activity: 3

Merit: 0

Quote from: Eshishkin on November 29, 2017, 05:28:32 PM

Dear members.
I'm from Russia and we got the government making the law for mining and ICO in june 2018 for legalization and taxes.
And the price for electricity in Moscow region you can find 2-3 rubles it's 3,5-5,1 cents USD.
If you go deep in country there are prices 1 ruble for kWt - it's 1,7 cents!!!
And nowadays many big corporations in my country with factories and stocks, with a lot of electricity are rebuilding them in mining parks.
So for our economics I see it's a very good view in future because a lot of investors are coming here who wants the efficient and legal mining.

I read about this. I am trying to get more information about what recently the Russian Association of Blockchain and Cryptocurrency (RACIB) said about the best places for minining bitcoins there .. They recommend mainly the Krasnoyarsk Territory for mining with a cost of electricity of 4 cents usd, good routes and communications. The other place in Russia that interests me is the island of Russki, Genesis Engineering is going to build a farm there but I have not found much information about that place.

The cost of electricity in my country is around 0.15 to 0.20 cents. It is expensive.

Eshishkin

newbie

Activity: 4

Merit: 0

Dear members.
I'm from Russia and we got the government making the law for mining and ICO in june 2018 for legalization and taxes.
And the price for electricity in Moscow region you can find 2-3 rubles it's 3,5-5,1 cents USD.
If you go deep in country there are prices 1 ruble for kWt - it's 1,7 cents!!!
And nowadays many big corporations in my country with factories and stocks, with a lot of electricity are rebuilding them in mining parks.
So for our economics I see it's a very good view in future because a lot of investors are coming here who wants the efficient and legal mining.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: Colorblind on November 29, 2017, 04:36:24 AM

With all due respect to fellow miners simply buying and holding BTC was by far much more profitable then investing into ASICs. Industrial mining requires investments in support, cooling, guaranteed supply of electricity, maintenance and replacement of broken units, etc etc. Those investments could pay off at some point, but simply buying BTC's (or create a portfolio of coins to diversify risks) with that money will likely to give you much more revenue.

It's important for hashrate spread widely around the world, more mining farms in many different continents as the preventive in case of something bad occurs, such as before when China crackdown exchanges and fud news cause panic selling. Bitcoin miners are making nearly $7 million a day, it's a good investment for the long term as long as you have more than 1 ASIC and pay low cost of electricity.
For OP, if you want to purchase ASICs in China, why won't you make a mining farm in your country? How much it cost for the electricity in your country?
You have to overwatch the mining farm everyday, that's why it's better to build it at nearby places in your city. Most of the China’s hydro power plants are located in the southern provinces of Hubei, Hunan, Sichuan and Guizhou. So, I would recommend in Sichuan.

Colorblind

member

Activity: 392

Merit: 41

This text is irrelevant

With all due respect to fellow miners simply buying and holding BTC was by far much more profitable then investing into ASICs. Industrial mining requires investments in support, cooling, guaranteed supply of electricity, maintenance and replacement of broken units, etc etc. Those investments could pay off at some point, but simply buying BTC's (or create a portfolio of coins to diversify risks) with that money will likely to give you much more revenue.

Angeloks

newbie

Activity: 9

Merit: 0

Why not

Kakmakr

legendary

Activity: 3542

Merit: 1966

Leading Crypto Sports Betting & Casino Platform

I do not think it is a good idea to strengthen mining centralization to fund a Bitcoin mine in China. The Chinese government is also clamping down on Bitcoin and jumping from one ban to the other.

There are other countries with cheaper electricity and colder temperatures that are welcoming your business. Do some more research, before you make your final decision. ^smile^

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

This a very good decisions you have making but I will advise you to study the current regulations China has made and you should not just go there before finding out that Chinese government has banned cryptocurrency activities. I have been following many issues affecting China decision on bitcoin and one thing I have find out is that China government mean what ever the have said about bitcoin and altcoins banned.

Jake052478

full member

Activity: 224

Merit: 100

I will do wonder for YOU!!!

Mining I guess is allowed in China, what they banned is the exchange of bitcoins. So, if it is not allowed there, they can always exchange it with their nearby country like Hongkong or Taiwan. They can even seek other countries to do it for them so they may have banned the exchange or transaction but mining I guess is still legal...

Mevz

full member

Activity: 238

Merit: 106

There are so many countries in ASIA.. why pick china? I'm not underestimating all the chinese but only a few of them can speak in english so i think its hard for you to find a partner for your plan. Its only my opinion goodluck for you.

Bitcol

newbie

Activity: 3

Merit: 0

Thanks for information

I just read about the measures that are taking in China on bitcoin. The consumption of electricity that is demanded by bitcoin is very high, and the lack of legislation in force has meant that provinces like Sichuan are evaluating the possibility of finishing some mining farms. The miners are consulting in countries such as Russia, the United States and Vietnam to move their mining farms.

What information do you have about this?

KingScorpio

sr. member

Activity: 1470

Merit: 325

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

i would not mine in china, the infrastructure density, the corruption, the disparity between poor and rich in the total country,

dillpicklechips

hero member

Activity: 994

Merit: 507

Quote from: Reatim on November 25, 2017, 11:36:02 PM

~snip~

It tend to be that way. Electricity cost in urbanized area (not just the capital) is more expensive than in province due to high demand. I suggest to pick a location in Northern China with high altitude for a colder environment.

Quote from: davis196 on November 26, 2017, 02:38:33 AM

I find it strange that cryptocurrency exchange platforms and ICOs are banned in China,but cryptocurrency mining isn`t banned.I think that sooner or later,the chinese authorities will ban mining as well,becasue it consumes electricity that can be used for the chinese industry.

China is banning the development of shitty coins which is a good thing since most of them are scammers with their rich-quick schemes. Most of them abandons their coin after they garnered a lot of money in their ICO and dumps. Also, China won't do that and, as far as I know, they don't have problem with the supply of electricity. Also, they are paying those bills so the government will not intervene with the customer's usage.

Quote from: Reatim on November 25, 2017, 11:36:02 PM

You have to be carefull with your chinese partners.I `ve seen many horror stories about foreign investors being scammed in China.

I think being a scammer has no connection with your race. Being a scammer roots to your morality and principles so basically if you are not instilled with virtues then most likely you will fall in the bad side. You should always be careful especially when a deal involves a significant amount of money.

Quote from: ?? on ??

I thought btc is forbidden in china.. So it doesn't illegal in there ?

It is not! They ban ICOs and not Bitcoin. Better check your sources.

jhdscript

member

Activity: 266

Merit: 10

Bitcoin is allowed in china ?

kinges

newbie

Activity: 20

Merit: 0

If you want, I have some legal resource in China.
about 0.27 rmb/kwh

PM me your number, i will call you.

davis196

hero member

Activity: 3206

Merit: 940

I find it strange that cryptocurrency exchange platforms and ICOs are banned in China,but cryptocurrency mining isn`t banned.I think that sooner or later,the chinese authorities will ban mining as well,becasue it consumes electricity that can be used for the chinese industry.You have to be carefull with your chinese partners.I `ve seen many horror stories about foreign investors being scammed in China.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: Bitcol on November 25, 2017, 09:51:59 PM

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

Beijing is like the center of commerce in China. Its like the Financial District or the Wall Street of China. So I don't think that is the best place to put up a mining farm.

So its looks like the best place is Sichuan simply because its a province. More space to build your mining farm plus you are away from a lot of people and less complains about the noise being generated. And electricity is much cheaper in Chinese provinces. I also read that Inner Mongolia is only a good choice, but I don't know how far that is, or how familiar you Chinese partners with that place.

Note: Bitmain's bitcoin and other altcoins mining farm is located in Inner Mongolia.

Bitcol

newbie

Activity: 3

Merit: 0

Hello
I am going to travel to China and I am evaluating the possibility of buying equipment and installing a mining farm there with a partner from that country. One of the things that favors my decision is how cheap energy is in China, especially hydroelectric. I wanted to know what recommendation you have about which place is best to install a mining farm there.

Thanks

Topic: Mining Farm (Read 1221 times)