Please help us to find funds for our first mining farm

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

Quote from: subSTRATA on July 20, 2015, 12:38:13 AM

Quote from: bitbabba on July 20, 2015, 12:32:45 AM

Quote from: Tomatocage on July 19, 2015, 08:33:26 PM

Quote from: bitbabba on July 19, 2015, 01:45:46 PM

Thank you for your advice!
Can u please tell me the risks. I have studied already the difficulty rise and drops and all the pools.
we have a very cheap electricity and no other expenses; )

The risk is that you disappear after you get the money, never to be heard from again. To eliminate this risk, the lender could buy the AntMiner S5 units and mine coins for himself. After a period of time (6-7 months) the units should be paid off, at which point he would ship the units to you for free. That way there is no risk and everybody gets what they want. However, I strongly suspect that isn't what you really want.

I totally can understand this concern.

Can you suggest me what I can do to prove my legitimacy and honesty to you guys.

Thx

nothing aside from appropriate collateral will get you anything on this forum, especially considering what is your probably alt account said they "trust you 100%" but has received negative feedback already for attempting a reputation loan or something. if you think fake references can get you a donation here like on btcjam, you are very, very wrong.

My "alt account" is not mine but belongs to the person who introduced me here!

I'm not asking for a donation but for suggestions.

Can you suggest me a collateral different than money (I have just 2.5 btc at this moment not enough to be a valid collateral).

Bye

subSTRATA

legendary

Activity: 1288

Merit: 1043

:^)

Quote from: bitbabba on July 20, 2015, 12:32:45 AM

Quote from: Tomatocage on July 19, 2015, 08:33:26 PM

Quote from: bitbabba on July 19, 2015, 01:45:46 PM

Thank you for your advice!
Can u please tell me the risks. I have studied already the difficulty rise and drops and all the pools.
we have a very cheap electricity and no other expenses; )

The risk is that you disappear after you get the money, never to be heard from again. To eliminate this risk, the lender could buy the AntMiner S5 units and mine coins for himself. After a period of time (6-7 months) the units should be paid off, at which point he would ship the units to you for free. That way there is no risk and everybody gets what they want. However, I strongly suspect that isn't what you really want.

I totally can understand this concern.

Can you suggest me what I can do to prove my legitimacy and honesty to you guys.

Thx

nothing aside from appropriate collateral will get you anything on this forum, especially considering what is your probably alt account said they "trust you 100%" but has received negative feedback already for attempting a reputation loan or something. if you think fake references can get you a donation here like on btcjam, you are very, very wrong.

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

Quote from: Tomatocage on July 19, 2015, 08:33:26 PM

Quote from: bitbabba on July 19, 2015, 01:45:46 PM

Thank you for your advice!
Can u please tell me the risks. I have studied already the difficulty rise and drops and all the pools.
we have a very cheap electricity and no other expenses; )

The risk is that you disappear after you get the money, never to be heard from again. To eliminate this risk, the lender could buy the AntMiner S5 units and mine coins for himself. After a period of time (6-7 months) the units should be paid off, at which point he would ship the units to you for free. That way there is no risk and everybody gets what they want. However, I strongly suspect that isn't what you really want.

I totally can understand this concern.

Can you suggest me what I can do to prove my legitimacy and honesty to you guys.

Thx

Tomatocage

legendary

Activity: 1554

Merit: 1222

brb keeping up with the Kardashians

Quote from: bitbabba on July 19, 2015, 01:45:46 PM

Thank you for your advice!
Can u please tell me the risks. I have studied already the difficulty rise and drops and all the pools.
we have a very cheap electricity and no other expenses; )

The risk is that you disappear after you get the money, never to be heard from again. To eliminate this risk, the lender could buy the AntMiner S5 units and mine coins for himself. After a period of time (6-7 months) the units should be paid off, at which point he would ship the units to you for free. That way there is no risk and everybody gets what they want. However, I strongly suspect that isn't what you really want.

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

lol i understand.
i know kickstarter cannot help you because it does not accept bitcoin.
mining farm wastes major amount of electricity, you should consider about electricity saving.

Somekindabitcoin

hero member

Activity: 518

Merit: 500

I wouldn't recommend Kickstarter, but you can try it. You can try to take a loan from your bank, maybe.. This is the best option for you.

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

Thank you for such a good advice!
But what can I use as collateral ?

Quote from: Amph on July 19, 2015, 01:56:46 PM

btjam have not a good reputation, i've heard bad story about it, isn't better for you to try to borrow money from high trusted members here on bicointalk? but remember that you need something significative as a collateral

or you might start slow, by buying few machines at first and then increase when you reach roi, it could be a solution

Amph

legendary

Activity: 3248

Merit: 1070

btjam have not a good reputation, i've heard bad story about it, isn't better for you to try to borrow money from high trusted members here on bicointalk? but remember that you need something significative as a collateral

or you might start slow, by buying few machines at first and then increase when you reach roi, it could be a solution

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

Thank you for your advice!
Can u please tell me the risks. I have studied already the difficulty rise and drops and all the pools.
we have a very cheap electricity and no other expenses; )

Quote from: notlist3d on July 19, 2015, 01:27:55 PM

My advice NEVER take a loan for a mining situation. Mining is no guarantee on profit. Yes you can do it if done right.

But asking an investor to take the risk instead of you taking it yourself is not responsible.

notlist3d

legendary

Activity: 1456

Merit: 1000

My advice NEVER take a loan for a mining situation. Mining is no guarantee on profit. Yes you can do it if done right.

But asking an investor to take the risk instead of you taking it yourself is not responsible.

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

The idea is to ask about 7000 us dollars that are enough to buy 10 antminers s5 and psu for them and let them work. We have cheap electricity so we can repay the debts in 6 - 7 months with the mining income. That's a simple plan. If you want to invest for real in my project, pm me. We will upload all data and show the miners 24/7 on a webcam or if you want you can come here and do with us!

Quote from: CarlesPuyol on July 19, 2015, 09:15:21 AM

How much money are you looking for? Can you show us a plan of your business, to prove that you really about to do it and not run with our money?
There are too many scams out there.
Thanks

CarlesPuyol

legendary

Activity: 1148

Merit: 1000

How much money are you looking for? Can you show us a plan of your business, to prove that you really about to do it and not run with our money?
There are too many scams out there.
Thanks

hodedowe

sr. member

Activity: 359

Merit: 251

Sure, try Kickstarter. Because the one thing the world really needs more of is foreign mining farms. Grin

Good luck

bitbabba

sr. member

Activity: 348

Merit: 250

The Exchange for EOS Community

Hello,

We have everything to start our farm except money to buy miners.
We arrived to Kazakhstan and here the electricity cost less than 4 euro cents. The price that we didn't even dream!!! You can check that Kazakhstan is one of the country with the cheapest electricity rates in the world!! Through my friends we even got a free warehouses.
The btcjam and bitlending club take too much time and it is hard to get big investments there. What do you think about kickstarter or indiegogo?
Do you know other ways to find investors?

Topic: Please help us to find funds for our first mining farm (Read 604 times)