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Topic: My Bitcoin mining farm under construction - page 2. (Read 53633 times)

sr. member
Activity: 742
Merit: 253
November 14, 2017, 06:09:35 PM
#87
How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?
this is very surprising if indeed there are investors who go to finance this, because everything has not been clearly reflected, ina will actually make the investors lose their money and without getting any results. maybe this is just a joke. because I am sure they will think constantly when going to finance this. because real this is something that might be in vain.
newbie
Activity: 16
Merit: 8
November 14, 2017, 05:30:28 PM
#86
How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?


We use our own money to construct this mining farm. Then we offer hosting service to other people.
hero member
Activity: 955
Merit: 1004
November 13, 2017, 09:39:07 PM
#85
How are you paying for this whole project?  Did you already have the money, or did you convince an investor to finance the job?

What is their deal?  How much do they get out of the total bitcoins mined, and after their 1.5 million is paid back, how much money do they get after that?
newbie
Activity: 16
Merit: 8
November 13, 2017, 06:29:43 PM
#83
This looks very cool, I think you can turn in a lot of profit especially mining in China. Just asking, what is the price of electricity there? Free?

I also never knew mongolia was a part of china

Sure is not part of China now. We are located in Inner Mongolia, which is a province of China.
newbie
Activity: 16
Merit: 8
November 13, 2017, 07:37:51 AM
#82
How much does the whole project cost u?

About 1.5 MUSD.
newbie
Activity: 42
Merit: 0
November 10, 2017, 06:47:18 AM
#80
This is great, i'd defiitely join in.
Was researching on starting my own bitcoin minnimg when i saw this thread.
thanks.
brand new
Activity: 0
Merit: 0
November 10, 2017, 06:19:46 AM
#79
Hey Lizza,you have a very beautyful project there, and its very very nice to see it grown up  with your pictures.
Will follow this thread here : )

Best regards
newbie
Activity: 16
Merit: 8
November 05, 2017, 05:51:25 PM
#78
That's really a great news. Nice place to put up a mining farm. Also the electricity cost in China is very cheap. I think it will be successful. I hope you will also consider  cloud mining. Just curious, do you need approval or permit from the government? Anyway, keep us posted and congrats in advance!.

Yes we need to get approvals from government.
newbie
Activity: 40
Merit: 0
November 05, 2017, 05:14:33 PM
#77
That's really a great news. Nice place to put up a mining farm. Also the electricity cost in China is very cheap. I think it will be successful. I hope you will also consider  cloud mining. Just curious, do you need approval or permit from the government? Anyway, keep us posted and congrats in advance!.
newbie
Activity: 16
Merit: 8
November 03, 2017, 08:37:04 PM
#75

good progress man, congrats and good luck with biz.

Are you planing to go only asic or?

Most miners will be ASIC. We also have plan to do other computing tasks, such as 3D rendering, deep learning, etc.
brand new
Activity: 0
Merit: 0
November 03, 2017, 05:50:39 PM
#74
Wow OP! I'm happy for you. You are certainly blessed with 0.3 CNY/kWh. I can only dream of paying that. GL and be safe.
member
Activity: 60
Merit: 10
November 03, 2017, 04:45:55 PM
#73

good progress man, congrats and good luck with biz.

Are you planing to go only asic or?
newbie
Activity: 16
Merit: 8
November 03, 2017, 12:26:51 AM
#72
Update Nov 3rd:

https://imgur.com/0kBIFvM
newbie
Activity: 50
Merit: 0
November 02, 2017, 10:33:26 PM
#71

Is your power hydro electricity or coal based?

It's using power from the power grid, not particularly hydro or coal.  So it's more stable than hydro, no need to migrate at dry seasons.

Inner Mongolia province has lots of installed capacity, including coal, wind and solar.

We construct a 10kV transmission line from the 4km far substation.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!

Yes. We provide miner hosting  service.

GREAT ! keep us updated this is something I think that can not only help you cover costs but diversify your income.

Keep us in the loop Cheesy  Grin Grin
newbie
Activity: 16
Merit: 8
November 02, 2017, 10:27:55 PM
#70

Is your power hydro electricity or coal based?

It's using power from the power grid, not particularly hydro or coal.  So it's more stable than hydro, no need to migrate at dry seasons.

Inner Mongolia province has lots of installed capacity, including coal, wind and solar.

We construct a 10kV transmission line from the 4km far substation.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!



Yes. We provide miner hosting  service.
newbie
Activity: 50
Merit: 0
November 02, 2017, 10:01:24 PM
#69

Is your power hydro electricity or coal based?

It's using power from the power grid, not particularly hydro or coal.  So it's more stable than hydro, no need to migrate at dry seasons.

Inner Mongolia province has lots of installed capacity, including coal, wind and solar.

We construct a 10kV transmission line from the 4km far substation.

Will you be renting out space to other miners?

Congratulations on your farm it seems like an amazing adventure!

newbie
Activity: 16
Merit: 8
November 02, 2017, 09:15:39 PM
#68

Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.


I am wondering how much did you pay for your L3+ and S9. How much of a volume discount did you get?

There is no discount. The price is public.   Cry
brand new
Activity: 0
Merit: 0
November 02, 2017, 11:11:48 AM
#64
Looks terrific, congrats!!  Are you going to be doing any co-location or only cloud mining. 
brand new
Activity: 0
Merit: 0
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