Topic: My Bitcoin mining farm under construction (Read 53620 times)
I see your project as a big one.It is good to see someone getting involved in mining bitcoin today with a new start.Good luck with your mine.
Good luck with your mining! This will be a great investment for you guys.
Awesome, what kw price do you get over there, and how did you got the money for it investors ?
What about the mining ? Do you use antminers ? How many ?
What about the mining ? Do you use antminers ? How many ?
The price I got from the power grid is about 0.3 CNY/kWh. The other two shareholder are my old friends. We started buying Bitcoin from 2013/2014. So we earned enough money to build this farm.
In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining.
Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.
WOW that's huge! I'm wondering if is it still profitable in 2018?
BTW It would be great if you can update the images in your first post.
I am new here. Do that mining thing can get you money or I have to invest first before mining? Please educate me
Almost 5 MO and nothing from the OP.
Guess he’s struggling in Mongolia.
OP appreciate an update if you are still in business.
Guess he’s struggling in Mongolia.
OP appreciate an update if you are still in business.
Hey there, nice work.
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
It's local governments, and yeah, it's true. I'm not affiliated with Richestlizza, but my mine is pretty close to his and they've been flipping our power off for the past 48 hours or so. Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
This should create some good opportunities. This squeezing will cause some miners to relocate, but it will probably make some others downsize or quit altogether. I'm thinking there will be more machines on the market really soon.
Is your power still off? Are you planning to relocate? PM me if you are planning to sell your miners.
Hey there, nice work.
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
It's local governments, and yeah, it's true. I'm not affiliated with Richestlizza, but my mine is pretty close to his and they've been flipping our power off for the past 48 hours or so. Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
This should create some good opportunities. This squeezing will cause some miners to relocate, but it will probably make some others downsize or quit altogether. I'm thinking there will be more machines on the market really soon.
How are things in China now? There has been a lot of buzz about the crackdown in China in the last week or so? Is that still really happening? Thanks.
Update Dec 3rd:
https:// imgur.com/sYgJ8Ki
https:// imgur.com/2jI8oEc
https:// imgur.com/sYgJ8Ki
https:// imgur.com/2jI8oEc
I can't see the pics. BTW, for 500kVA transformer, how many S9 antminers can you run? Are you using 220 or 240V?
Here are the photos posted by RichestLizza..
https://i.imgur.com/2jI8oEc.jpg
https://i.imgur.com/sYgJ8Ki.jpg
Hey there, nice work.
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
Kudos to you sir. I can't see the images but you are living the crypto dream life.
I wonder why the links you are providing tho are being blocked? It says "bitcointalk image proxy: invalid image"
If anyone can see and quote or re-link the images, it would be much appreciated.
I wonder why the links you are providing tho are being blocked? It says "bitcointalk image proxy: invalid image"
If anyone can see and quote or re-link the images, it would be much appreciated.
Because I'm a newbie user?
Kudos to you sir. I can't see the images but you are living the crypto dream life.
I wonder why the links you are providing tho are being blocked? It says "bitcointalk image proxy: invalid image"
If anyone can see and quote or re-link the images, it would be much appreciated.
I wonder why the links you are providing tho are being blocked? It says "bitcointalk image proxy: invalid image"
If anyone can see and quote or re-link the images, it would be much appreciated.
I'm very impressed and a bit jealous - that's a little bigger than my mining rig.
Update Nov 24:
Erecting poles and towers:
https://imgur.com/QGf1Xmk
https://imgur.com/FtUnzjh
https://imgur.com/jneXFup
Farm construction almost complete:
https://imgur.com/jneXFup
Big fans:
https://imgur.com/jneXFup
Miners arrived, these 700 S9 miners will be operated in a temporary place:
https://imgur.com/qqQ1aBs
https://imgur.com/jneXFup
https://imgur.com/if57Quu
https://imgur.com/if57Quu
Erecting poles and towers:
https://imgur.com/QGf1Xmk
https://imgur.com/FtUnzjh
https://imgur.com/jneXFup
Farm construction almost complete:
https://imgur.com/jneXFup
Big fans:
https://imgur.com/jneXFup
Miners arrived, these 700 S9 miners will be operated in a temporary place:
https://imgur.com/qqQ1aBs
https://imgur.com/jneXFup
https://imgur.com/if57Quu
https://imgur.com/if57Quu
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.
Good, I have a few questions.
How are you going to sustain such power and what will be your power source?
What is your ventalation because 2 storey buildings usually have lower floor to ceiling height.
Please update us with your improvements, this would be a great reference for the community.
The returns on a mining farm will be very high. I hope you make the profit quickly to make up for the big investment you made.
Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?
Correct much better if they will build alternative supply of electricity like solar, waste or wind energy to maximized the profit of their mining site. They can get the capital of their alternative energy power in the income of their current mining site.Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?
Hoping that mining of my friends would be like this our income would be like rain (non-stop) and we are planning to build cloud mining if our mining site would be successful we want to share our blessing to other who want to earn in bitcoin but we are firstly focus in our countrymen.
The returns on a mining farm will be very high. I hope you make the profit quickly to make up for the big investment you made.
Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?
Are you thinking of getting any of it solar powered or at least the warehouse lights etc...?
wow you must spend high cost money to build your mining farm and i can not imagine how much the money it is. but i think its worth to build mining farm if you have cheap electricity fee so you can reduce the biggest cost in mining farm. with that farm and with 600 L3+ and 200 S9, i think you can make huge profit for a long term. i wonder what is the sites you used for cloud mining or hosting.
Is it possible to get better price for asics from bitmain? How to negotiate with them?
Bitcoin miners are a very hot profession. It is attracting a lot of big investors. If you have a cheap source of energy, a place with the right temperature, you will succeed.
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?
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.
While you are building the farm, why don't you send me several Antminer S9's to mine with? I'll split the net profits 50-50 with you. I will pay for my own electricity. That way you can get some income going while the place is being built.
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. 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?
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?
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.
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?
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 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
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.
How much does the whole project cost u?
About 1.5 MUSD.
This is great, i'd defiitely join in.
Was researching on starting my own bitcoin minnimg when i saw this thread.
thanks.
Was researching on starting my own bitcoin minnimg when i saw this thread.
thanks.
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
Will follow this thread here : )
Best regards
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.
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!.
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.
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.
good progress man, congrats and good luck with biz.
Are you planing to go only asic or?
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
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.
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!
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.
Looks terrific, congrats!! Are you going to be doing any co-location or only cloud mining.
WOW that's awesome!
It's not easy. You need to get many approvals, reports. Everything costs.
The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.
The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.
Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?
Awesome farm! Congratulations! Hope this project runs well for you. For you what posted, all seemed to be so smooth, was it a hard task dealing with China government to obtain the land and permissions to build over there ?
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!
Thanks for you offer. We need thousands...
We already ordered more than 2,000 miners. and more in the future.
Anyway, if you ever need units asap, let me know. We always order way more than we can use. Still have some October S9's as well as L3+, D3, 741. 761 are on the way, too.
I'm new, amd need to build up trust in the community, so I'll hand-deliver in mainland China to get positive feedback!
Keep up the good work, and keep the pictures coming!
How many MegaWatts is this facility?
They are starting at 10 mega watt and will be on 50 mega watt next year
How many MegaWatts is this facility?
WoW it's beautiful I'll stay tuned to this post
man, that is huge...
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.
Qouted
I wonder Why I cant see the images,
I've always been a farm of mining farms, what us the source of power or how they are making some powerful hash-power. Im hoping that if you are a Jr. Member, you can fix the link of the images and we can view the progress of you're mining farm. POWER
i don't know how to attach images so I uploaded them to imgur.com and posted the url here.
How can I become a Jr. Member?
Update afternoon Oct 28:
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!Thanks for you offer. We need thousands...
We already ordered more than 2,000 miners. and more in the future.
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.
Qouted
I wonder Why I cant see the images,
I've always been a farm of mining farms, what us the source of power or how they are making some powerful hash-power. Im hoping that if you are a Jr. Member, you can fix the link of the images and we can view the progress of you're mining farm. POWER
Thanks for the frequent updates. Exciting stuff! I noticed you'd been having trouble getting miners earlier. If you have any trouble in the future, you can pm me. I have hundreds of new machines in stock here in China. I'll deliver them myself!
Thanks
Yes, took power factor as 1. You should be good with these. What is the weather like in your area? In summer, the amps might go up a little bit so don't overload for continuous operation. Thanks.
Summer is hot and dry where I live; hence, I am planning to use evaporated cooling. It is a lot cheaper than A/C. I am thinking about ultrasonic evaporation but the water is too hard here.
I too hope you do hosting as well, I have a few M10's in the USA looking for a loving home. Oh, did you mention where you are located?
We'll expand to 120MW this year, hashrate will above 2000P!
Cloud mining and pool business is also on the way.
Stay tuned, my friends!
Cloud mining and pool business is also on the way.
Stay tuned, my friends!
Wow that sounds massive, looking forward to seeing some more images of the expansion as it happens. I'm not to keen on cloud mining but some people are drawn to it. Did you decide to drop hosting, that's a business model I can get behind. Definitely more customer friendly, and helps bring more people the opportunity to mine.
You mention a pool, so you're going to launch your own?
We'll expand to 120MW this year, hashrate will above 2000P!
Cloud mining and pool business is also on the way.
Stay tuned, my friends!
Cloud mining and pool business is also on the way.
Stay tuned, my friends!
~snip~
Man that looks amazing. Awesome to see someone who was able to put together some large scale expansion plans in place during the rough patch. How big are you now? The last update said you were going to be 500 PH by the end of 2018, I could understand if that got delayed.
First time I noticed the thread so I'm a bit behind but that's an awesome accomplishment. Are you still doing the hosting? Did you ever manage to get a cloud mining operation running? I have to ask you previously were at 100 machines yourself, what's that grown to? Didn't see it anywhere but have you gone the solo mining route or do you have a pool you like?
richestlizza, are u still alive?
Sure!
I didn't check this forum frequently as I need use VPN to visit it.
My farm started operation from Nov 2017 and now we are expanding!
https://imgur.com/cooRGQ9
https://imgur.com/6tWhXv2
https://imgur.com/eMP5nBN
https://imgur.com/Spj3UOm
https://imgur.com/Kd31o8b
https://imgur.com/uqW6Ick Yes, this is me!
Hi, What is the the model and the brand of your fan with filter is this image: https://imgur.com/C0gqV0h? I would similar fan with filter.
Regards.
richestlizza, are u still alive?
So the last time the OP responded was Dec 3rd. Either he's counting his money or...
How hot does it get at your site during summer though? I am sure winter isn't that difficult to handle, but the temperature difference between summer and winter can be like 30'C...
Summer is hot and dry where I live; hence, I am planning to use evaporated cooling. It is a lot cheaper than A/C. I am thinking about ultrasonic evaporation but the water is too hard here.
Hot and dry is good for evaporative cooling. You should be good.
Yes, took power factor as 1. You should be good with these. What is the weather like in your area? In summer, the amps might go up a little bit so don't overload for continuous operation. Thanks.
Summer is hot and dry where I live; hence, I am planning to use evaporated cooling. It is a lot cheaper than A/C. I am thinking about ultrasonic evaporation but the water is too hard here.
Is this what you did?
500kva * 0.8 = 400kva / 1.4k => 285 units
500kva * 0.8 = 400kva / 1.4k => 285 units
Yes, took power factor as 1. You should be good with these. What is the weather like in your area? In summer, the amps might go up a little bit so don't overload for continuous operation. Thanks.
You can easily run 280 S9 miners on a 500KVA transformer. 220 or 240 either should work. Thanks.
Is this what you did?
500kva * 0.8 = 400kva / 1.4k => 285 units
It's local governments, and yeah, it's true. I'm not affiliated with Richestlizza, but my mine is pretty close to his and they've been flipping our power off for the past 48 hours or so. This should create some good opportunities. This squeezing will cause some miners to relocate, but it will probably make some others downsize or quit altogether. I'm thinking there will be more machines on the market really soon.
How are things in China now? There has been a lot of buzz about the crackdown in China in the last week or so? Is that still really happening? Thanks.
I can't see the pics. BTW, for 500kVA transformer, how many S9 antminers can you run? Are you using 220 or 240V?
You can easily run 280 S9 miners on a 500KVA transformer. 220 or 240 either should work. Thanks.
Lizza, have u ordered the machines yet or not? Their price has juz increased unfortunately.
Hey there, nice work.
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
Is it really true that the locals and gov are tryna limit the power usage for mining farms there?
It's local governments, and yeah, it's true. I'm not affiliated with Richestlizza, but my mine is pretty close to his and they've been flipping our power off for the past 48 hours or so. This should create some good opportunities. This squeezing will cause some miners to relocate, but it will probably make some others downsize or quit altogether. I'm thinking there will be more machines on the market really soon.
I can't see the pics. BTW, for 500kVA transformer, how many S9 antminers can you run? Are you using 220 or 240V?
How much does the whole project cost u?
About 1.5 MUSD.
Update No. 14:
https://imgur.com/ny1t7i7
https://imgur.com/C0gqV0h
https://imgur.com/Ta0cG9p
Update Nov 24:
Erecting poles and towers:
https://imgur.com/QGf1Xmk
https://imgur.com/FtUnzjh
Farm construction almost complete:
https://imgur.com/jneXFup
Big fans:
https://imgur.com/jneXFup
Miners arrived, these 700 S9 miners will be operated in a temporary place:
https://imgur.com/qqQ1aBs
https://imgur.com/jneXFup
https://imgur.com/if57Quu
Update Dec 3rd:
https://imgur.com/sYgJ8Ki
https://imgur.com/2jI8oEc
How much does the whole project cost u?
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.
Update Nov 3rd:
https://imgur.com/0kBIFvM
Update Nov. 5th: Transformers arrived.
https://imgur.com/MUVSiKJ
https://imgur.com/2PWjZra
https://imgur.com/JyNAYUX
You need to drink with the officials to build good "relationship".
If drinking is all you need in your country to build good relationships then you are a lucky man.
Have you encountered the drinking issue when trying to get approvals, reports, docs or just with construction workers ?
You need to drink with the officials to build good "relationship".
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?
If i can ask whats ur estimated hashing power
End of year it will be 100P and next year 500P.
It's not easy. You need to get many approvals, reports. Everything costs.
The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.
The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.
Have you encountered the drinking issue when trying to get approvals, reports, docs or just with construction workers ?
If i can ask whats ur estimated hashing power
... The most tough thing is drinking. People from Inner Mongolia like drink just as Russians.
Haha, dealing with drunk construction workers can't be fun.
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.
How did you manage to agree with the authorities?
It was hard to get permission?
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：
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.
How did you manage to agree with the authorities?
It was hard to get permission?
It was hard to get permission?
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.
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.
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
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
Anyway, I wish you all the best with this project.
PS: Love your long term vision and hope everything turns out well
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.
Good luck with your mine. I am in the process of implementing my third one. Please keep us updated.
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
Anyway, I wish you all the best with this project.
PS: Love your long term vision and hope everything turns out well
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. are you worried about this: https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/
what is your opinion?
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
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!
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!
are you worried about this: https://news.bitcoin.com/japans-gmo-7nm-bitcoin-mining-boards-token-sale/
what is your opinion?
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 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
Fun Fact by the way calculated the electricity cost, i pay 0,058$ per Kilowatt
BTW:. Also making a Mining solution in my town in the Austrian alps.
Interested on what im doing send me a pm
BTW:. Also making a Mining solution in my town in the Austrian alps.
Interested on what im doing send me a 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
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?
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!
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!
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.
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
Awesome, what kw price do you get over there, and how did you got the money for it investors ?
What about the mining ? Do you use antminers ? How many ?
What about the mining ? Do you use antminers ? How many ?
The price I got from the power grid is about 0.3 CNY/kWh. The other two shareholder are my old friends. We started buying Bitcoin from 2013/2014. So we earned enough money to build this farm.
In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining.
Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.
It will be hard to gain trust on cloud mining + people don't look this seriously because I believe it will be bettee to buy miner and host somewhere, for example in your mining farm.
Do I know you? show you evidence please.
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.
It is good to see someone getting involved in mining bitcoin today with a new start. I see your project as a big one, personally I don't have even nerves to think of mining in 2017.
The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!
He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...
Stay away from him. You will lose money.
He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...
Stay away from him. You will lose money.
Do I know you? show you evidence please.
This is my "Introduce yourself" post on steemit.com. https://steemit.com/introduceyourself/@somebody/sabydee-grettings-from-laos
Last year I invested 54 BTC (valued 300 kUSD now) on Steem. Now it's only 34k.
Last year I invested 54 BTC (valued 300 kUSD now) on Steem. Now it's only 34k.
The operator of this farm is experiencing bad construction delays and is defaulting on the cloud mining contract that is suppose to start paying on Nov 1st!
He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...
Stay away from him. You will lose money.
He sold 2 million dollars worth of cloud contracts in September, now it is end of Oct and he is not paying the mining contracts because of construction delays. The contract actually says the investors will receive bitcoin regardless of lose of power, construction delays, break down of equipments etc...
Stay away from him. You will lose money.
That's cheap power
I pay .9 CNY or 0.14 USD (after taxes)
I joined Bitcoin Forums in 2013 - But I did not buy bitcoin
I pay .9 CNY or 0.14 USD (after taxes)
I joined Bitcoin Forums in 2013 - But I did not buy bitcoin
We will offer cloud mining service after construction. Stay tuned.
How did you manage to agree with the authorities?
It was hard to get permission?
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: https://imgur.com/w76WryK.
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.
If i can ask whats ur estimated hashing power
End of year it will be 100P and next year 500P.
Photos took this morning.
https://imgur.com/LflRsKR
https://imgur.com/tN0uOz5
https://imgur.com/9hRp2PC
https://imgur.com/a7a8SCD
https://imgur.com/e2vwX33
That's cheap power
I pay .9 CNY or 0.14 USD (after taxes)
I joined Bitcoin Forums in 2013 - But I did not buy bitcoin
I pay .9 CNY or 0.14 USD (after taxes)
I joined Bitcoin Forums in 2013 - But I did not buy bitcoin
Is your power hydro electricity or coal based?
The price I got from the power grid is about 0.3 CNY/kWh. The other two shareholder are my old friends. We started buying Bitcoin from 2013/2014. So we earned enough money to build this farm.
In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining.
Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.
This is my "Introduce yourself" post on steemit.com. https://steemit.com/introduceyourself/@somebody/sabydee-grettings-from-laos
Last year I invested 54 BTC (valued 300 kUSD now) on Steem. Now it's only 34k.
In next month we can host about 6000 miners. Only hundreds are owned by myself. My main purpose is to provide hosting service and cloud mining.
Now I have 600 L3+ and 200 S9 running. It's located in a discarded factory at the same town, which is temporary.
This is my "Introduce yourself" post on steemit.com. https://steemit.com/introduceyourself/@somebody/sabydee-grettings-from-laos
Last year I invested 54 BTC (valued 300 kUSD now) on Steem. Now it's only 34k.
Awesome, what kw price do you get over there, and how did you got the money for it investors ?
What about the mining ? Do you use antminers ? How many ?
What about the mining ? Do you use antminers ? How many ?
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.
https://imgur.com/SyCK1Ep
https://imgur.com/htG80iC
https://imgur.com/0IV3CyN
https://imgur.com/e3Xivs6
https://imgur.com/mk8U604
https://imgur.com/wJ8KBso
https://imgur.com/DKHuCMc
https://imgur.com/SyCK1Ep
https://imgur.com/htG80iC
https://imgur.com/0IV3CyN
https://imgur.com/e3Xivs6
https://imgur.com/mk8U604
https://imgur.com/wJ8KBso
https://imgur.com/DKHuCMc
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