Sharing our experience of setting up & running an Altcoin Facility:
Have a small scale Altcoin Farm Setup (few Rx 470s & many GTX 1070s) running since past 5 months at Nashik. Started with ETH now shifted to ZEC. Also have just 1 X Antminer D3. The other 5 X D3s ordered (for November delivery batch) had to be cancelled due to:
1. Recent Customs issues for importing Crypto-machines in India especially from China.
2. Profitability dropping from 22 Dash (in July) to 1.8 Dash (in October).
Planning to use the Refund Money and put in enhancing more GPU Hash Power. We have studied a lot on ZEC and believe that it has the potential & power to take the North Leap in the near future.
We are also running this facility with community participation. We have shown Realistic Profits to our Investors and ensured that they Fully understand and Accept the Risks involved with this business. ONLY after confirmation from them we accept their money. This avoids later confusion and heart-break for them too.
Transparency in transactions, being realistically optimistic, having Risk Mitigation Plan in place and less Greed goes a long way in maintaining long term faith, trust and confidence within the Investors fraternity.
Still electricity cost is a major hurdle for profits. We are in talks with 2 investors one from Leh (Ladakh) and one from Himachal Pradesh. Looking to setup a large scale farm at one of these premises within next few months after studying the feasibility of the same.