Quote from: bharathve on January 04, 2019, 01:00:06 PM

.....secondly its not easy to trust someone who says he will deploy miners in a country thousands of miles away. It smells of a scam and even putting that aside most people who did this model have given up due to how unprofitable the market became.

Scam and profitability, agree with both the points. About scam, its actually really not that hard to find information about anyone these days which is why I have been growing business with remote people. I am from BITS, worked for GM in India and then moved to US for masters and job at Cummins. I have had online presence since 2003 pretty much and have strong roots/community in both India and US. I would imagine most scammers would surface for a short duration and would lack a long history. And yet, there are far more ways to validate someone. I haven't been scammed (hacked yes, but not scammed) in online world for last 16 years and I assume the same with most others. Smart people can see a scam from miles away.

Profitability has gone down as well, which is why its allowing business like mine to sustain paying industrial electrical rates compared to hobby miners on residential rates. Last year, collocation facilities were abundant but now most of them have shut down. Even though they were having good rates, I can see that inefficiencies in the operation killed them along with low profits. Hosting is really not that lucrative, you barely make much considering how much overhead electrical consumption you end up having outside client equipment. Being solo, and able to handle everything myself..from buying, building, deploying to management, maintenance, troubleshooting allows me cut my overheads and just that I have experience to make the operation run efficient is letting me keep my head above the water.

Big farms were thriving when they were able to sell daily and make profits. Right now, I believe its perfect time for hobby miners who dont sell and instead HODL. Today's lower profits means absolutely nothing when you are not selling, as long as its positive. A big farm like me (apart from clients, I have my own farm too) cant HODL anymore because of my electricity expenses would be too high to sustain long term.

I am looking to build a trusted channel to be able to sell in India but in my recent visit (I was there for first half of Jan), I learned that mining is almost considered illegal so that hardware trading would still take a time. Now that would make me seek miners who still might be interested in this crazy idea of "someone else running their mining equipment a thousand miles away"

I know, as much as crazy it sounds, it probably is not too far from Genesis running your cloud contracts. Once trust is there (which can be built with due diligence) it doesn't matter if you are located in next town or across the globe. Remote access would be same.

Btw, here is my website. I need to update few more pics though

http://mysticdigital.io

jaykavathe

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