Would you mind to provide some more intelligible feedback ? 
Hi,
No
Kind regards.
Topic: [petahash] Biggest private mining operation looking to go partially public - page 2. (Read 2719 times)
February 07, 2014, 02:53:07 PM
Hi,
No
Kind regards.
February 07, 2014, 02:53:02 PM
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.
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.
February 07, 2014, 02:45:33 PM
If your going to come in here and ask for money you better provide some heavy documentation/ proof that all this hardware exists.
There have been some serious scams over the past 6-9 months where a lot of people lost a lot of money.
I don't think you will get any interest without providing a lot of info
Would you mind to provide some more intelligible feedback ?
Take a look at some of the other IPO offerings from Mining farms. They're a good example of what people would expect.
For starters you have no prospectus. You haven't proven that any farm currently exists. What you have provided is a bunch of words strung into sentences, and those my friend, are cheap and easy to come by.
Alright, thanks for the clarification. I understand your points. Which kind of hard proofs are needed in this case? i am taking a glance at the threads right away.
February 07, 2014, 02:43:23 PM
Would you mind to provide some more intelligible feedback ?
Take a look at some of the other IPO offerings from Mining farms. They're a good example of what people would expect.
For starters you have no prospectus. You haven't proven that any farm currently exists. What you have provided is a bunch of words strung into sentences, and those my friend, are cheap and easy to come by.
February 07, 2014, 02:41:40 PM
If your going to come in here and ask for money you better provide some heavy documentation/ proof that all this hardware exists.
There have been some serious scams over the past 6-9 months where a lot of people lost a lot of money.
I don't think you will get any interest without providing a lot of info
February 07, 2014, 02:37:22 PM
Would you mind to provide some more intelligible feedback ?
February 07, 2014, 02:37:04 PM
This isn't going to go over to well in here....
February 07, 2014, 02:31:32 PM
February 07, 2014, 02:23:07 PM
reserved for Q/A
February 07, 2014, 02:20:50 PM
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 is 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.
EDIT
I am posting some screenshots of existing orders at various vendors, Bitmine.ch, Cointerra.com, Kncminer.com
https://i.imgur.com/6Jo7cJ0.jpg
https://i.imgur.com/NdxHBMC.jpg
https://i.imgur.com/dd1opqp.jpg
https://i.imgur.com/xkzHPWo.jpg
As said, i have contacted Havelock investments as said to further verify the legitimacy of this venture. I am also available to responding more questions here.
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 is 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.
EDIT
I am posting some screenshots of existing orders at various vendors, Bitmine.ch, Cointerra.com, Kncminer.com
https://i.imgur.com/6Jo7cJ0.jpg
https://i.imgur.com/NdxHBMC.jpg
https://i.imgur.com/dd1opqp.jpg
https://i.imgur.com/xkzHPWo.jpg
As said, i have contacted Havelock investments as said to further verify the legitimacy of this venture. I am also available to responding more questions here.
Jump to: