Post
Topic
Board Hardware
Topic OP
Crypto Farm Project
by
realjohntit0r
on 18/11/2024, 17:51:26 UTC
Hello, everyone! I’d like to talk to you about an opportunity that has come up. I have experience with home mining setups, rigs with 50/60 GPUs. However, a friend of mine, who has substantial funds and influential connections, recently secured investors to put $10 million into a crypto mining farm project. He also managed to obtain a license to set up this farm in Oman, where energy costs are as low as $0.06 per kWh.

Here’s the thing: he asked me to lead the project. While I have experience, I’m not knowledgeable about large-scale farms. I believe I can study, structure a plan, and assemble an appropriate team, but the scale of the project feels overwhelming. I would have a stake in the project and receive a monthly income, but I’m also questioning whether this is the right time to take this on.

We’re living in a dream phase for Bitcoin with the bull market, but starting this farm now means it would only be operational in about a year and a half. By then, there’s the possibility of a significant Bitcoin correction due to political factors or external events, which historically tend to cause sharp price drops.

What would you do in my situation? What contingencies do you think I should consider? Is it worth taking this risk? I’m in a relatively good place in life right now. I have my investments, my savings in crypto, and I don’t depend on taking on this level of stress to maintain my lifestyle.

I’d love to hear your perspectives on this and see the situation through different eyes.