Quote from: Etranger on Today at 05:47:30 PM

Quote from: Vod on October 04, 2024, 03:08:05 PM

OP - how much money is needed for each task?

• Creation of a company whose purpose is managing the crypto farm and investment activities – $15,000
• Creation of company's identity – $20,000 (part of presentation of a company)
• Hiring a specialist or company as a legal advisor – $18,000 ($1,500 per month)
• Legal support for the creation and operation of the company – $10,000 (payment which is required for legal actions on the company`s creation stage)

What the letteral fuck?

That's $63k for the same thing just worded differently. North Dakota is among the states with the cheapest electricity in US, it costs $135 to register an LLC in North Dakota. The forms are so simple, even I could do it without legal help. There, I just saved you $62,865.

Quote from: Etranger on Today at 05:47:30 PM

• Business trips for that members of our team who are currently not in Ukraine to countries where the crypto farm locations are situated – $8,000 (2 members, $4,000 for each. Countries: Switzerland, Norway and Finland)
• Business meetings with investment funds and private investors - $6,000 (2 members, $3,000 for each. This category includes tickets, accomodation and local transportation, not cavier in reastaurants. Note that there are 4 trips planning)
• Attending leading crypto conferences - $4,000

$20k for boondoggles, got it. Ever heard of Zoom? And what exactly is attending "leading crypto conferences" going to do for you? You already know you want to mine bitcoin. Do you think you'll be the only one at these conferences looking to lure investors? Or maybe you think your winning personality and sexy legs will cause you to stand out from the other winning personalities and sexy legs?

Quote from: Etranger on Today at 05:47:30 PM

• Legal and technical inspections of the locations (also due dilligence included) – $35,000-40,000

What due diligence? Mining bitcoin isn't illegal. As long as you pay for the electricity you consume, you'll stay out of legal trouble.

Quote from: Etranger on Today at 05:47:30 PM

• Payment for services provided by contractors:
1. Consultations with electricity suppliers - $2,500
2. Consultations and development of the technical specifications for the crypto farm location - $3,500
3. Brokerage services for location search (engagement fee) - $10,000 (to the particular broker, location presented by whom will be chosen)
4. Consultations on spot electricity trading and the FRR market - $4,000
5. Development of a Heat Recapture Technology plan (possibility of selling the heat) - $5,000 (individual plan)
6. Consultations and work with government representatives regarding permits for the crypto farm's operations - $4,000

1. Free
2. Shelving from Home Depot
3. I already told you; North Dakota (that'll be $10k, please)
4. I won't repeat myself (but that's another $4k, please)
5. Install an air conditioner (that's another $5k you owe me)
6. Local business licenses cost less than $20.

Quote from: Etranger on Today at 05:47:30 PM

The clarification of these numbers are available for those who will engage in a private conversation with us, as long as it is NDA information.

No need for a private conversation, I just buggered your entire proposal. If this isn't a scam, it's the stupidest attempt at creating a startup that I've ever heard of. $150k wasted on useless bullshit. It was one thing when I thought you were going spend the $150k on miners and infrastructure, but this is completely bat-shit crazy. You haven't even reaserched the costs of these things you're talking about, and that's plain to see now. You're literally just making shit up and plugging a number next to it.

Quote from: Etranger on Today at 05:47:30 PM

Quote from: DireWolfM14 on Today at 12:36:03 PM

If you are able to come up with $150k to pay back the initial loan irrespective of future funding, why bother with the loan in the first place? If your proposal fails to obtain the $40 million you need, you will be out $150k, not $172,500. Why risk putting yourself in the hole for another $22,500?

Because we need the funds now. Our personal funds will be available only in mid-July. By that time, it can be late to build a farm, because we will lose a lot of time, moreover, bull oriented time. Even if we build it as fast as it could be, the farm will start operating no early than October of the next year. We are aiming to launch it in February 2025, therefore we will have 9 month more for generating bitcoin.

Oh, you need funds NOW! Like bitcoin is going away in 9 months time? Believe me, if you're grandiose plans can't handle an unexpected delay of 9 months, you've got bigger problems that not getting the $150k loan (which you're not.) So, if I were you, start planning on spending your own money. Please keep me informed on your progress. Roll Eyes