With $10M on the table, you’re not just “building a farm,” you’re creating a full-fledged infrastructure business in a foreign market.

Key questions I’d explore before saying yes:
   •   Timing & market cycles: How would the project remain profitable if BTC drops 50% a year after launch?
   •   Capex vs. Opex: Will your power cost advantage offset hardware depreciation, maintenance, and hosting overheads?
   •   Local execution: How strong is the Oman team for permitting, logistics, and grid stability?
   •   Exit options: Can you structure contracts so you can step back or sell your stake if market conditions turn?

If you can answer those with confidence — and surround yourself with a battle-tested operations team — the risk becomes a lot more manageable

Quote from: realjohntit0r on November 18, 2024, 05:51:26 PM

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.