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[JV] My Power, Your Device! [JV]

Discussion in 'Joint Ventures' started by WhiterThanWhite, Aug 25, 2014.

  1. WhiterThanWhite

    WhiterThanWhite Junior Member

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    Hello!

    I got Solar Power in my area and was it was done early this year. It generates a lot of extra power. This was designed to power 2 regular houses and a farm with electrical equipment but the owner of the second house decided to migrate to Canada so the 2 house and the farm was never built.

    So I'm looking for someone who can use this extra power. Maybe a cryptocurrency miner.

    What I provide:
    Power of up to 3,000 kWh/month.
    25 days of 24 hours running time. (Need 3 days for water pump and 2 days maintenance per month)

    What you provide:
    Device for mining

    Only crypto mining is what I have in mind for now but if you have suggestions, just let me know.

    I know a guy in the US and says that 60%-70% of this monthly gross from mining goes to power cost, and he is using GPU's. My offer is 60% yours and 40% mine. If you feel this is not appropriate, just let me know.

    I'm thinking of mining from the likes of CleverMining and use your wallet id so I won't have access to it but I can still see the report. We can run the equipment 24 hours a day for 25 days straight, halt for 5 days then resume.

    I'm in the Philippines and Sun is not a problem, even if we have typhoon, there's normally a 10 hour super hot sun in a week. If it's summer, we can get a lot more power.

    Please add me in skype: WhiterThanMostWhite

    If you have other suggestions instead of mining, please let me know. I'm thinking of VPS or running servers but I'm not very familiar with it.

    Thanks!
     
  2. Apricot

    Apricot Administrator Staff Member Moderator

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    Thread Approved.
     
  3. nessie

    nessie Registered Member

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    Wouldn't you make more profits just selling that power back to the power company?
     
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  4. divok

    divok Senior Member

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    I don't think that's an option in most developing countries .
     
  5. SocialMediaManager

    SocialMediaManager Elite Member

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    An Average Mining Gig Starts from 7000$ Do you think someone will trust with that kind of equipment ?
     
  6. WhiterThanWhite

    WhiterThanWhite Junior Member

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    Nope. They don't buy power unless they provide the equipment. And we hate them. Just really hate them.
     
  7. WhiterThanWhite

    WhiterThanWhite Junior Member

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    I bet you're referring to ASIC miners that mine Bitcoin/Litecoin. There are GPU miners that run on Alternative Coins and a small setup can be done with around $500. Decent setup costs maybe $2000.

    But even with those amounts, it's hard to find a partner. Though there are measures that can be taken to assure honesty and then profitability, but maybe you're right, it's difficult.

    Do you have other ideas on how to use this extra power? We are in a remote area where you need to walk 30 mins to get to our neighbor. So selling it to them might not be a good idea considering the cost of cable wires here. But if there's no other option, I might try that.
     
  8. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    No offence but I doubt anybody is that trusting to send you money or equipment.
    If they can afford to pay for a rig then I would assume they have factored in the cost of running one.

    It sounds like you live on a farm in a remote area. Have you considered growing marijuana?
     
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  9. WhiterThanWhite

    WhiterThanWhite Junior Member

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    None taken! :)
    Yeah I agree with you, it's hard to get a partner with this agreement if we can't talk in person. One American from another forum though said he lives in the city and wants to visit my place this Sunday and we'll talk about it. Let's see how it goes.

    I'm afraid with the marijuana, it's illegal to grow here. My family won't allow me to plant it I think. lol Do you have other suggestions?
     
  10. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    There are lots of ideas but they all require capital to get started.
    It also sounds like you are in a remote area so that could limit your options too.
     
  11. WhiterThanWhite

    WhiterThanWhite Junior Member

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    Yeah, guess I have to save a bit. :)

    Thanks