I'm coming to this forum to ask questions about what most users would want in terms of a cloud mining company?
Recently, I have partnered up with 2 other people and we are looking to expand operations on a small mining farm.
I believe we have the right infrastructure to start one, no taxes, low power cost, lax regulation.
I know all the flack cloud mining gets as far as a business model, and I know there are TONS of cloud mining companies and people who are looking to do the same exact thing we are. However as someone who would like to run a cloud mining company legitimately I can see the list narrows down quite quickly on the "Real or scam" list leading me to believe in reality, the space is not as crowded as it seems. I think largely due to geographical and legal circumstances (ex. two competing mining operations rake in $1 million in profits at the end of the year, one is held responsible for paying 30% taxes while the other has no tax obligations, or maybe one is paying a much higher rate in electricity than the other so they require way more machines, more scaling issues, than the other would to attain the same end profit result. At the end of the day only few situations and places really offer that luxury so there can not possibly be so many cloud mining operations
As someone who wants to start being a cloud mining service provider with all the right things in line, what are the things users look for in a cloud mining company?
Our layout
So far we are planning on doing Monero and Ethereum exclusively, for startup (safer investments, these are GPU investments which can be liquidated and has some value in a secondary market outside of crypto, we have been operational already mining these coins) Then diversifying into ZCash, Bitcoin, and Litecoin (ASICs, I know ZEC is GPU but I consider it a third venture when it comes to mining because it is exclusively mostly NVIDIA-focused coin which have questionable stockade and refresh coming up)
One thing we plan on doing or plan to move towards doing for users is implementing a wallet system similar to localethereum's platform where they give the users their private keys and can generate wallets at any time. Essentially their own wallet not sandboxed in any platform.
Our region is tax free which I believe gives us a very strong edge over many mining operations, legal regulations are very lax, and we have a very low starting power costs (at $0.06kw/h to boot) .
We have a lot of infrastructure to boot to expand to very large controlled growth operations.
Outside the obvious limitations of cloud mining, such as yeah we have to make a profit too, yeah it's not going to be as profitable as if you build your own rig and just did it at your own house (depending on kw/h rates anyways), yeah we pocket a good percentage too, yeah we handle the logistics, etc as well as failures similar to Genesis mining's approach where we shoulder the costs of hardware DOA, majority system downtime, etc. At the end of the day it will be marked up passive income.
Outside of these factors, what can we do as a start-up company to be a good cloud mining service provider? What are people looking for?