My Bitcoin mining farm under construction - page 5.

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: Upstream on October 26, 2017, 05:52:24 PM

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.

RichestLizza

newbie

Activity: 16

Merit: 8

Update Nov 1st:

https://imgur.com/ds4nCif

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: Sergey.Filipsky on October 26, 2017, 04:22:45 PM

How did you manage to agree with the authorities?
It was hard to get permission?

Yes. We registered a project company at the county. We signed investment agreement with the local government, finished Feasibility Study Report, Environmental Assessment Report， Safety Production Assessment Report， etc. Many documents, many approvals, and costs.

We also purchased the land from the government, 50 years right of use. Totally about 13000 square meters.

The governor and officials visiting my farm：

Ronin87

newbie

Activity: 12

Merit: 0

Uff. This is serious even if you gave the money back. The opportunity cost can be skyhigh for the clients that signed the first contract which was one-sidedly revoked.

Sergey.Filipsky

brand new

Activity: 0

Merit: 0

How did you manage to agree with the authorities?
It was hard to get permission?

PandaminerScam

newbie

Activity: 10

Merit: 0

Quote from: RichestLizza on October 28, 2017, 04:35:29 AM

Yes. We wanted to order S9 shipping from Nov. 1st to Nov. 10th. From Shenzhen to Inner Mongolia needs about one week. And In the contract we promised to start mining in two weeks after we receive the miners. So it's now start paying from Nov. 1st.

Moreover, that contract was canceled and I returned the money back to clients.

Thank you for admitting that you have defaulted on the contract. Cancelling the contract is not acceptable as there were no terms in there that allows you to do one way cancellation. When you sign a cloud mining agreement with your client, you must carry out the terms no matter what!

Your clients and I (indirectly) have lost a lot of profit that we could have made if you actually honored the contract.

Dlikrot

full member

Activity: 230

Merit: 101

I admire you. I want to live out of digital currency in one or another way too, too prove my bosses wrong and better provide for my family

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: goldchain on October 30, 2017, 01:44:02 AM

OP, is it legal to build Bitcoin mining farm, especially inside China? I heard that China government just tracked and shut down several Bitcoin mining farms recently.

Anyway, I wish you all the best with this project.

PS: Love your long term vision and hope everything turns out well Wink

The Chinese government defines Bitcoin as "digital commodity". It's legal to hold, buy, sell or produce such "digital commodity".

The reason that the government call stop ICOs and shutdown the exchanges is there are two many cheating, manipulating the market, etc.

So it's total legal to build and operating mining farms in China.

promojo

sr. member

Activity: 420

Merit: 250

Good luck with your mine. I am in the process of implementing my third one. Please keep us updated.

goldchain

newbie

Activity: 31

Merit: 0

OP, is it legal to build Bitcoin mining farm, especially inside China? I heard that China government just tracked and shut down several Bitcoin mining farms recently.

Anyway, I wish you all the best with this project.

PS: Love your long term vision and hope everything turns out well Wink

Eleven86

member

Activity: 364

Merit: 10

Quote from: RichestLizza on October 26, 2017, 10:46:59 AM

This mining farm is located in Inner Mongolia, China. The first two 2-floor building will be ready in next month and the power supply will be 10000 kW. In the beginning of next year we will build 7 builds and total power consumption will be 50000 kWh.

A well planned investment. All the best. Hope you build buildings as you planned. Mining is a good platform to invest now. I am sure you have chosen mining tools with best specifications required.

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: Bombardier on October 28, 2017, 07:27:32 AM

are you worried about this: https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/

what is your opinion?

That's just an ICO. I'm not confident that 7nm will come out next year.

Update Oct 30:

https://imgur.com/w6jhsfV
https://imgur.com/p36ayga

CriptoIngresos

member

Activity: 68

Merit: 10

Twitter: @CriptoIngreso

It's definitely an ambitious project. You guys will need a lot of intelligent management in order to succeed, specially with so many could mining projects going to waste or being outright scams.

I'll keep an eye on the project, please let us know if you will open a website or social media accounts to be notified about any news. Good luck and thanks for sharing!

Bombardier

sr. member

Activity: 588

Merit: 264

Quote from: ?? on ??

Update afternoon Oct 28:

https://imgur.com/c3Q430A

are you worried about this: https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/

what is your opinion?

hacker1001101001

sr. member

Activity: 1288

Merit: 415

Quote from: RichestLizza on October 26, 2017, 10:46:59 AM

This mining farm is located in Inner Mongolia, China. The first two 2-floor building will be ready in next month and the power supply will be 10000 kW. In the beginning of next year we will build 7 builds and total power consumption will be 50000 kWh.

???Congratulations for this farm. Its a huge project. I am totally inspired from you and want to build a same here in india in the future. Really a great job

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: PandaminerScam on October 28, 2017, 01:56:49 AM

Yep that's the round two contract, there is a round one contract as well which s9 machines arrives in the first week of Nov right?

Yes. We wanted to order S9 shipping from Nov. 1st to Nov. 10th. From Shenzhen to Inner Mongolia needs about one week. And In the contract we promised to start mining in two weeks after we receive the miners. So it's now start paying from Nov. 1st.

Moreover, that contract was canceled and I returned the money back to clients.

Update afternoon Oct 28:

https://imgur.com/c3Q430A

BitcoinMiningAustria

newbie

Activity: 2

Merit: 0

Fun Fact by the way calculated the electricity cost, i pay 0,058$ per Kilowatt Cheesy

BTW:. Also making a Mining solution in my town in the Austrian alps.

Interested on what im doing send me a pm Wink

PandaminerScam

newbie

Activity: 10

Merit: 0

Quote from: RichestLizza on October 27, 2017, 11:02:08 PM

... Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C

Yep that's the round two contract, there is a round one contract as well which s9 machines arrives in the first week of Nov right?

Erelas

full member

Activity: 280

Merit: 102

Congratulations to both you and your friends for having the foresight and drive to build this, and I do hope it works out well for all of you!

I'll check out your Steemit post and with power that inexpensive you'll be competitive because a lot of cloud mining services have lost the faith of the community. That is probably already in the front of your mind and taken into account, as I will be watching with real interest.

Ahha, I saw your little angel, she is precious!

RichestLizza

newbie

Activity: 16

Merit: 8

Quote from: PandaminerScam on October 27, 2017, 09:16:14 PM

Why don't you post your cloud mining contract here? Oh wait, you took the money, asked your clients to sign the contract digitally and have not sent the contract back to them because you can't honor the contract?

Why don't you actually honor the contract and start paying people as advertised on November 1st 2017!

Show you evidence? Which statement I am making is false? You have not sold a contract? Your contact does not start in November 1st? You are going to pay on November 1st? Please prove I am BULLSHITTING.

I sold first batch of cloud mining contract on August 30. For some reasons I couldn't order miners from Bitmain and after about ten days I stop trying negotiate with Bitmain and returned the money back to clients ( Some clients choose to wait for next batch miners).

Then on Sep 19 I sold the 2nd batch contracts after I confirmed order with Bitmain. These miners will be shipped between Nov 10 to Nov 20 from Bitmain. It takes about one week to ship from Shenzheng factory to our farm. In the contract we promised to start mining in two weeks after we receive the miners. I never sold contracts that start paying from Nov 1st.

Yes it's true that I didn't send the contracts to the clients yet. It will be done in next week. I explained that in the wechat group.

I don't know if you purchased my cloud mining contracts or not. If you feel worried I can purchase back you hashrate according to the market price now. I think you know how to contact me.

Now we are working day and night to accelerate the construction. It's never not easy to run a business like this.

Working last night:

https://imgur.com/nlEP3Up
https://imgur.com/eijRddN

Steel structures arrived this morning: https://imgur.com/eijRddN

Here is the contract:

https://imgur.com/S2WwEdC
https://imgur.com/oJVLgR5
https://imgur.com/nsOMIE5
https://imgur.com/8OXskbv
https://imgur.com/KO9Me08
https://imgur.com/0Pajj4C

Topic: My Bitcoin mining farm under construction - page 5. (Read 53633 times)