Quote from: pooya87 on Today at 11:17:15 AM

Quote from: Thryskiller on February 19, 2022, 09:52:39 PM

I'm from Venezuela, the last two years I got interested about mining so I started reading a lot of stuff related to my country and the business model around Bitcoin mining, opinions from different people, inside and outside the country, most of it leaving really horrible impressions.

Part of it is the propaganda by the carrot countries that has brainwashed people into thinking this way (that's actually part of that dangling carrot strategy).
But also part of it is because of very real problems that your country has been facing, from sanctions to corruption and economic hardship. I recall you guys had a lot of energy and fuel crisis, although there were a lot of cooperation with shitton of fuel and technology coming from our side of the world trying to fix the issue. Don't know if it is fixed since I didn't follow up on the news from 2-3 years ago.

I'm curious why you are looking for foreign investor instead of looking for domestic ones? That would be a lot better since it won't be someone else who takes the money out of the country that may also raise some red flags with the government and attract high taxes.
I know some people started very small many years ago (I saw on Reddit) and they built their operation little by little until reached a decent amount of hashrate. They were also doing other stuff to maximize their profit like importing goods (cheaper) using bitcoin and selling it locally for additional profit while helping the economy at the same time.

Thanks for sharing your thoughts, appreciate it.

About the foreign investment, I was not looking for partners at that time, we just connected and started thinking about opening a operation here. I'm trying to do it slowly by myself, with rigs and other stuff, but if there's an opportunity to do business, why not. But I know people is looking for outside investment because it is not that easy to find that kind of money here, most of the farms in my state are owned by government people or Chinese/Arabian people. Unless you work for the government, I don't think it is that easy to find that kind of investment here. Also I don't know years ago, but right now creating a legal operation slowly is not easy, looks like the government just want big operations to happen, letting small miners lost into the void, I guess they are looking for large investments.