Mining farm in Iran - page 2. | Bitcointalksearch.org

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: joniboini on November 07, 2019, 12:28:20 AM

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

Maybe he do talks about permission/certification that he's allowed to mine.A usual stuff to be complied first before doing anything specially on legal matters.
Yes its legalized but you would still end up on getting those permissions to the government.Its really hard to start up mining if you do have zero knowledge on it
and even he do sell of a portion of his land holdings if he dont have the knowledge on setting up everything then it would really be a mess up.
So its better to read up the basics first then proceed later on when he do get sufficient idea.Getting investors online is almost impossible due to trust issues.

stompix

legendary

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Blackjack.fun

Quote from: AverageGlabella on November 06, 2019, 04:19:43 PM

you would need to follow the principles of owning a data center and cooling it which could be costly.

How costly, do you have an estimate on it?

Quote from: joniboini on November 07, 2019, 12:28:20 AM

What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet.

In a lot of countries you need first to get the license for operation before you start operation, and not only when it comes to mining, for most other activities from industrial processing to commerce.

Now, to the OP problem.

Quote

Also I have a large land in Iran, it's around 7,000 km2

Holly crap, 7000km2? Do you own 0.5% of the surface of Iran? Almost the size of Cyprus or bigger than Delaware?
Getting over it....7000km2? Huh

Damn!!!!

In the other post, you said something about getting a 25k 75$ loan witch does not match the land size but let's work with it.

1. Where will you get your energy and how much it will cost. Depending on the rates you might want to scrap the plan before starting.
I read that licensed miners will et special rates but the article is old, the price is in official rial rates..so any update on this?

2. When looking for an investor, do you have anything ready or usable other than the license?
Do you have a place for the miners, it is already connected to the grid, other details like this?

3. Let's say you find a an investor, basically, what are you providing on your part? Since coming back to your available funds you have for around 10-30 miners, not counting additional equipment that might be required.

joniboini

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What does this certification for mining farm look like? It feels weird if you do have it while you don't have any mining farm yet. While the news said Iran legalized crypto mining, it just does not sounds right.

I don't think you need an investor, why don't you sell some of your land or your profits from your iron mining farm to buy the rigs?

hello_good_sir

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Activity: 1008

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Quote from: irialorg on November 05, 2019, 08:06:14 AM

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran, it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

It's a weird situation you are in right now. Usually people that join a team or form a partnership with other people have at least 1 of these things

-Money/Influence/Connection, either of these things is important to getting stuff done in business.
-Knowledge, understanding what your company/other partners want to do.

The only thing you have is a good location, so I would highly recommend you to start getting knowledge about what you want to do, and then be able to seek investments.

examplens

legendary

Activity: 3444

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Crypto Swap Exchange

Quote from: irialorg on November 05, 2019, 08:06:14 AM

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran, it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

If you can't find investors near you, then you can forget about this business. I don't think you should expect someone to invest in Iran as you say, you are under sanction. There is a high risk for all foreign people out of your country, there is no control over the investment. Also, I guess there is an unstable political situation, and who can guarantee that your certification and government authorisation will remain for a long time?
You have no any knowledge about mining, you don't have money to acquire mining hardware... This business is not for you.

AverageGlabella

legendary

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Quote from: irialorg on November 05, 2019, 08:06:14 AM

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran, it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

You need to learn both mining principles and how data centers are run and maintained. Mining consumes a lot of electricity and generates a lot of heat and Iran is not the coolest place to host a mining farm which means you would need to follow the principles of owning a data center and cooling it which could be costly.

You would need to make sure that the current difficulty and the cost of power over in Iran is not going to be more than you can afford. It would probably be more profitable to an inexperienced miner to rent the land out separate to Bitcoin.

smyslov

sr. member

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Quote from: irialorg on November 05, 2019, 08:06:14 AM

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran, it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

In the first place why would you venture to something you do not know about, who introduce mining to you and what made you think that it will become profitable, because you have a land to allocate for mining? and I'm surprise that you got a certification, without knowing anything about mining, you should do a feasibility study first, and on Youtube there are a lot of tutorials about mining, but you need an experts that you can talk to personally on this.

irialorg

newbie

Activity: 6

Merit: 0

Hello all,
I live in Iran and as you may know , Iran is going to Use bitcoin at major scale because of national sanctions.
Also I have a large land in Iran, it's around 7,000 km2 , in around 200 km2 of this land have an Iron Mine and recently I get certification and goverment authority to build a cryptocurrency farm, but I don't have any knowledge about it. So what should I do ? Can i find any investor or partner to do it?

Topic: Mining farm in Iran - page 2. (Read 365 times)