Hello Bitcoin Community,
My name is Amitkumar Jayantilal Patel, i am 33 years old and i am an UK citizen. My family and parents are of Indian origins and emigrated here in UK over 50 years ago.
In the past months, i have invested around 1 Million US Dollars in mining hardware from various vendors, for a total computational power of around 200 TH/s.
Some hardware has been already delivered and it's currently mining, but most of it it's still on queue and should be shipping in the next month.
By making a forecast of the return, using cex.io tool, i came up with a potential return of ~2200 BTC in the first four months of mining, starting on March.
That means with a strategy of 90% funds reinvestment, I will have the ability to scale the computational power properly, according to the increase of difficulty.
So why I am looking into going partially public?
My goal is to reach 1 PH/s of total computational power earlier than what I could achieve with my own liquidity, so i am looking to sell out to investors a part of the operation, in order to gain the funds to develop some strategic relationships with current ASIC providers and/or put the desired power on order as soon as possible.
The financial head of the venture will be a UK registered company, with legitimate office space and support staff, while the mining datacenter is being currently setup in mainland China to benefit from low labour and electricity costs.
This is just a preliminary presentation, would like to get your feedbacks and opinions.
More details will come soon.
See
here.
Okay, it's not a crime. It's just the first step down the road which brings pretty much 9x% to crime within six months to a year. So, here are some simple easy steps for your convenience.
0. Starting a bitcoin business is a liability. The first thing you need to understand, and you need to understand it well. At sixteen hundred hours while you were sitting around your living room scratching your ear you were worth X. Your life, your ideas, your business, the shit around your house that you own, all that which makes up your life, added together, worth X. At sixteen fifteen, eight minutes after you had started your Bitcoin business you were worth X-k, where k is always positive and SIGNIFICANT. Starting a Bitcoin business is a liability, it makes you worth less. In fact, all the rest of your life in Bitcoinland will be attempts, more or less successful, to limit and reduce that liability. This is the outlook you must have not in order to be successful, but in order to have a shot at it. This is the outlook you must have in order to not guarantee failure.
1. Identify yourself to the community. This means, at the very least, creating a WOT account. If you do not have a WOT account you are not part of Bitcoin business. This is the criteria, no matter what you might think. That's where everyone looks, no matter what social media might be telling you. If you aren't in the WOT you aren't in Bitcoin.
This is completely understood, and i have already contacted Havelock Investments about verifying my ID and the whole concreteness of this project.
