Topic: [petahash] Biggest private mining operation looking to go partially public (Read 2719 times)

Yes time will tell indeed!
How soon can we invest in this?
And when do you think everyone will believe you?

Of course, all i am saying is true. Just wait, time will tell. I am not here to scam anyone. Period.

Thanks for your interest by the way, it's appreciated

Cheers

Hello sir,
If all you say is true, this is a nice idea.
Too bad I dont have anything to invest yet.
But im interested for sure in a share.

I appreciate your straightness, but you will be proven wrong

Cheers

I would like to add that after the financial prospect and business plan is finalized, i would gladly offer a reputable member of the community a free trip to China, including accomodation and meals, to visit our facility before opening any IPO or investment opportunities of any kind.

Cheers
A.J. Patel

I am checking for interest in Bitcoin mines shares, by looking at the various threads around right now it seems people is losing interest (and hope perhaps?) in this type of investment, probably due to scammy and poorly managed operations.
I did read MPOE-PR thread and understood all the points. I am not new in this community and have watched from the sidelines, although this is the first time i try to start a bitcoin based business.
This is my WOT handle http://bitcoin-otc.com/viewgpg.php?nick=AJPatel. I am on #bitcoin-otc as well with the same handle, AJPatel.

If you've been here, seen the scams and even admittedly fallen for some yourself, why would you need to check for interest?  Surely your personal experiences would show that there are plenty of people able and willing to get involved in these types of ventures.  There's no need for discovery, plenty of people have already discovered that for you.

Coming here and winging it, like you are now, is not the way to go about this.  MPOE-PR was kind enough to point you towards a thread without being a complete ass about it (which you should be thankful for) and you've since brushed off or deflected on some of the key points that were made.  

If you're looking for advice, quit trying to defend yourself and your position.  Take the input you've been given and start working towards creating a legitimate product.

From what I've read so far I doubt very much you will prove to be the exception.

Good luck.

I was watching the forum during the past rough months and lost money on some of these scams. This venture begs to differ, for example it will have a real datacenter stuffed with mining hardware shortly and all investors interested will be free to visit whenever they want, amongst the other things. We will demonstrate with facts that this is a genuine opportunity.

Re-read the article linked by MPOE-PR about starting a business.  Say you had read it six months ago and took the advice to hold and just watch the forums for six months.  In that time you would have seen countless posts just like yours.  100% of them are scams.  A few of those scams created contracts and got listed on Havelock so they could scam you "legally."


The contract you'll likely end up with will resemble some manner of Perpetual Mining Bond.  (One of those contractual scams designed from start to finish to ensure no investor makes money). 

 


I don't understand why you guys thought i was going straight for an IPO, i titled the post accordingly "looking to go partially public", specifically meaning that this is just a test for interest.
Of course an IPO is a serious and complex matter, should it involve BTC or FIAT money as source of funding. I am not underestimating this.
This is by no means a "fly by night" operation, i am here to build a viable business and a profitable company for both investor's and personal gains.

No Comment. You are here as a troll ?

On the wealth of informations requested in their application form and on plain hope.
 
I know what an IPO is, and the complex preparation needed. I am not rushing anything, As i have mentioned earlier this is just a preliminary presentation in order to gather interest and feedbacks.
I actually do not need your funds to scale the mine properly. This is a business opportunity, meaning that all parties involved will profit from it. A business plan is being developed and those who will want to invest will be free to do so. I am not trying to scam or convince anyone.

And you base this on what, exactly?


The point is not whether you're developing your plan "in detail" or not, now. The point is that you're attempting to set up an IPO before you have a business plan. This doesn't involve any assuming, these are the facts as you've presented them.

Pictures are nice and all, but an IPO is an actual, established, respectable thing. Throwing some impressions around and putting some pics in here and there isn't it. If you just want to raise some funds or whatever go sell people on kickstarter. Taking an operation public is a serious step that requires serious planning, and the involvement of BTC isn't a get out of work free card.

You did talk about trust and identity, so i have assumed it would be relevant somehow, i think Havelock does it's homeworks in verifying the legitimacy of asset issuers as well.
I don't have a WoT identity yet, i will look into it.
Business plan is being developed in detail now, and was already started before; Your assumptions are a bit exaggerate.
This is a real mining venture, and i will be posting pictures of datacenter with hashing devices, and provide informations about progress on monday or tuesday.

Having some irrelevant third party "verify your ID" has nothing to do with what was described. Where's your WoT identity? Why are you "developing" your business plan after announcing an intention to IPO? These are the kinds of things that distinguish you as someone who hasn't thought this through, doesn't understand the market, and isn't qualified to handle others' funds.

Understanding doesn't mean trying to finagle "alternatives" to the standard that bypass the work involved (it's there for a reason, you know). That's called weaseling, and while plenty of people do it, it's never a good choice.

UPDATE
We have received positive reply from Havelock and an application form. Business plan is under development.

This is completely understood, and i have already contacted Havelock Investments about verifying my ID and the whole concreteness of this project.

Sexy O'Toole

LOL okay Chief

Hi,

No

Kind regards.

See here.

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.

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.

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 ?

This isn't going to go over to well in here....

reserved for Q/A

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.