Topic: New Mining Business - Team Needed (Read 917 times)

Thank you for your feedback and I understand your concerns in terms of risk and methods of revenue. The risk would be in the most part in the hands of the customers although there would still be risks to the company as well. If bitcoin tanks the company will be left holding the bag paying for the electricity, facility, and payroll for that month. The customers will lose money if bitcoin tanks as the value dropped which occurs whether or not you are cloud mining or mining from home. In terms of revenue I know that this service will be more efficient and provide for a better ROI than the competitors because they are purchasing the equipment rather than a contract with negative roi.


Comparison (Assumptions $870USD/BTC, Monthly Difficulty Increase 80%, $0.15/kWh)

CloudHashing
Silver Package (1 year 10gh/s jan 20gh/s rest of year) -$999  After 1 year income $409  Profit/Loss: ($591)
Gold Package (1 year 50gh/s jan 100gh/s rest of year) -$3,999 After 1 year income $1586 Profit/Loss: ($-2,413)
Platinum Package (1year 300gh/s jan 600gh/s rest of year) - $8,999 After 1 year income $9,512 Profit/Loss: $513 5.7% return

Our Company
Lets say we order a neptune with preorder money $13,000 start mining in march  You can buy fractions of the machine
Machine profit after 4 months including electricity but not maintenance $17,090 take out 10% company fee ($1709) that leaves people with $15,381 to be split according to fractional ownership of that machine.
4 month customer profit $2381 18%.32 return or 54.49% (annualized return) The machine would then be sold and the proceedings would be split 30% company 70% owners.

Other cloud hosting services are actually holding less risk in that they get the cash upfront hedging them against bitcoin volatility while we would be getting paid in bitcoins.

can i be the treasurer?

This business model is just as exploitative as any cloud hashing service you describe. It's brilliant because you hold zero risk.

The entirety of the risk in ASIC mining is in the upfront cost of the units themselves versus difficulty suppressing Bitcoin returns. There is no ASIC unit in existence that doesn't at least outperform the average US electricity cost @ $1000 Bitcoin.

So if you're taking a percentage of Bitcoin revs from your customers, doing the pre-orders on the units, getting a commission on handling sales, etc., you're exactly like a cloud hashing service without any of the principal risk of a cloud hashing service.

It's a very clever idea, but anybody with any common sense knows the sales pitch here is completely disingenuous.

Objective: Offer a service to house and maintain customers equipment in return for a 10% share of the BTC mined. There will be the ability to own a fraction of a machine and receive the BTC produced from your share. Customers also receives funds when their equipment is sold when it is no longer profitable to run.

Why?
I am tired of seeing these other cloud hosting sites scamming people into contracts that have negative ROI and think the business model should be changed so that the customers own the equipment as well.

Aren't you late to the game?
As you all know ASIC miners are catching up to modern technology and the difficulty level can not continue to increase by the same level of magnitude so devices purchased in the next coming months will have a longer life span than current devices (3 months). I want to have a lot of preorders so that when the 20nm ASIC miners are announced we can place as many preorders as possible. Once the orders are placed then we can focus on setting up the prepare for the shipment to come in.

How is this different than other cloud miners?
Different business model in which customers don't buy $/GH but rather buy the machines.
The most popular cloud miner (cloudhashing) and a lot of other mining sites offer NEGATIVE ROI (scams)
When it is no longer economically viable to run your machine we will sell it for fair market value and in return receive a commission on the sale.
ABSOLUTE TRANSPARENCY: company earnings will be posted on a monthly basis in terms of (BTC produced - expenses - company cut) and customers will always be able to withdraw BTC funds daily or have the option to reinvest. Contact us page will include a "Team" section that includes a picture and name of every employee as well as where we are located and how to reach us. After coming into bit coins I have a distaste for shady or scammy companies and transparency and I would like customer service to be high only the priority list for this company.

Team Needed:
Marketer - to promote the site once it is developed
Web Developer(s) - Create a site where customers can purchase as well as monitor their hashing/equipment/btc.
             The system needs to be automated where the customers will get paid at the end of every day according to what their equipment(or fraction of equipment) produced
IT Specialist(s) - Help in setting up and maintaining the equipment to ensure they are running optimally.


Other Details:
Business will be run out of Austin, TX

Reply if interested in helping out or if you have any constructive criticism on how we can better improve the business model. Thanks!