Looking for a business partner for bitcoin mining on venezuela usd inr exchange rate history

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Since there is a crucial economics problem in your country, it’s just like double edge sword cnn money market futures. I believe bitcoin will grow bigger in there, but this Government problem really a big deal. Where do you convert bitcoin into fiat currency? How much VEB per BTC1?

The first one is the cheap one, with a bit more risk and i guess that with less power for mining idk? i have to check witch hardware are the one available and see the specs to know that.

But anyways, thirds persons here sell mining machines like the ones we can find on amazon or ebay, not hard at all to find it, and see if everything’s ok and make it run. So, there’s no need for shipment because everything you need for it can be buy it here.

The other way is the expensive one. In my city there’s a legal company that sell the ”rack” (i think that’s how they call it), place where you can put maximum 5 mining device there, provided by them self.


The good thing about this one, is that the company have guarantee of the product you buy, so, if something go wrong, broke, or anything, they replace it.

2. For the first one, depends on witch machine we decide to use. Can be an Ant Miner, that can worth around 1.200 usd here (original price like 500 usd, but is here so can’t do so much about it..), or can be high ended video cards that can work for mining, much way easier to find here, but for this one i don’t know how good can be the profits, i need to check it out on the specific model we find at the time.

The other one, provided by the legal company here, the price for each hardware to put on the rack, cost around 2.300 USD, and the profit per month is 375 USD (around that, you know how that work), so, 2.300 * 5 (maximum of hardware that can be put in on the rack) = 11.500 USD for the entire rack full futures market hours today. So the profit of have with the entire rack is around 1.800 USD per month (could be bit more or less).

I know this one because a brother of a close friend is doing it this way, and this is his third month with it and everything is going good on his words.

But first, about the government and country itself: the risk about it is that, is that if you have been found by the SEBIN (it’s like the CIA or ex KGB here, intelligence division) doing mining stuffs, they first will ask you to pay them money every month till they get bored or rich. If you don’t pay them, they will charge you (in this case, me) with money laundering and will go to jail. For this to happen is very very difficult, first because, the only way to find out it’s having at least 50 rack in a single house, all plug in on the same electricity bill. They find out the unusual power consumption and will go to check what’s happening. To be honest, 2% of probability that this happen. (The only news I’ve seen about it, is a guy that have been found with more than 500 hundred mining machines on a hangar (or shed, don’t know).

Second, the trust is something that can be won. We live in a globalize word, we can know each other, talk every day, and see who are we dealing with. I’m a serious and educated man and i wanna make business this way with serious people, because i know after the first one decide to invest on this, and see that he can really make some good profits, he can share the word about what i’m doing and attract more people to do this with me, making everyone win.

Third, the economics problems here doesn’t affect at all this kind business. There is like two company here that buy and sell bitcoin yen to usd exchange rate history. But in my case, i don’t care at all to trade bitcoins on the country currency (The Venezuelan Bolívar Fuerte), i just care about the USD (or euro lol) and having it outside here, not in my country or currency.

At last, just wanna mention, in my country, 1 USD = 14.000 VEB. The actual minimum wage is 250.531 VEB. With USD here can live very very very well (even with those crazy thing it happen here) dollar euro exchange rate forecast. Oh and BTW, i’m close to be an attorney, so i have a lot of knowledge of law and political situation.

For those who don’t know, living on Venezuela has a really huge advantage for bitcoin mining. The electricity is almost free, and i have the plus that i live in a good place of Caracas where the power supply is always on.

Just like on what others said here you wouldn’t really get those investors that you do seek for. I do have a friend from your place and He said about the electricity rate and its really somehow nearly on free rate because it is soo cheap and its really a paradise for those who do mine bitcoin but one problem here is the Government who handles that place, it does really suck bigtime. Too much hassle for a certain investor to come in your place just to mine and its really a dumb thing to do.

So you want to have a fifty fifty split on the profits. Can we consider that you will be investing fifty percent in this project too? Have you done an estimate on the total project cost involved and in how many days do you think that you can generate profit from.

Apart from some shady details which can be copied from the internet, you have not provided any proper roadmap or plan to implement your project.

Not planing to sign up a company or something like that. I have the place fully equipped, the internet and the electricity always running. I just need the inversion.

On the other side math smartboard games. Yes, is a dangerous city, but there’s no need to travel here. That’s the point of having a partner here running and checking everything.

This is no offensive but you CAN’T guarantie that there will be not comming a robbery or even the regime itself and take all stuff. I can’t give trust in any laws or goverments there.

Well, you can come here any time you like. Still is fun and we have thing to do lol 1 usd to chf. But really, im a local, so if you or someone wanna make a visit to see what they are buying or anything else, can be easily arrange with 0 risk (I know they say is a very dangerous city, but if you know where to go with someone who really KNOWS, you don’t need to worry about it, just enjoy .

Yes is true, i can’t guarantee that, just like any of you can’t guarantee that some natural disaster happen and break our toys (Not wishing bad to anyone). Just saying, i live in a safe place, safe area (in the terms that no one will break in to my home).

I’m not being pursuit by the police or a political action, so i can be relax doing my stuff with no worries. As i say on my last reply, for the governments know at least that something rare is happening to do something about (Specially now, with other things on mind), i need to have a hangar full of that equipment, and if they find out about it, i can pay for keep that running and they won’t took the machines. They are all corrupts, just wanna a part of what we do, because we do it in his ”territory” and he find out. But again, is very difficult that they find out about it.

Just give up… dollar to pound conversion rate. No investor in his right mind will visit your city – http://www.bbc.com/news/av/world-latin-america-26845207/venezuela-violent-overnight-clashes-in-caracas

Caracas: Annual Weather Averages. April is the hottest month in Caracas with an average temperature of 24°C (75°F) and the coldest is January at 22°C (72°F).

Well, all i can say from those words is that i know it’s a bad place to live 1 usd to 1 gbp. But if your are not here, you won’t see how the things work out around here, so yea, the country is collapsing, there are many problems in many areas, but still, i have the advantage in the place i live on because electricity is ALWAYS RUNNING, i don’t suffer from power shutdown or anything, and the internet in my area is on 24/7, so i’m on a strategic place on this city for doing those kinds of things or works.

About the temperatures, bro, i don’t live in Congo (with no discrimination, they surely have a pretty nice country), in my house i got one split air conditioner for the living room, and one for each room i have and they are always ON and we are less than 16°C, except for the one in my room because i don’t like to play on the computer dying of cold lol. The point about this, is that the room or the place where it will be put on the hardware, will be especially conditioned for that, so no worries about that point.

The Bitcoin mining in Venezuela isn’t a wonderful world of easy and fast income. The electricity there is cheap for some reason, I don’t know certainly why, but it’s faked by the government to sell people the false impression you have an advantage there in your country. You can’t use it as you wish, there are limitations.

If they discover you are using electricity too much they will start investigating it and will get you. It have already happened once: http://reason.com/blog/2017/02/03/venezuela-surbitcoin-arrests-mining

Instead of trying making fortune this way, you should give some support to your people who are dying on the streets to destroy these monsters created by yourselves over the last decades. No offense, but seems that is the priority there or soon it won’t be a country anymore and the situation will become even worse, there won’t be even cheap fake electricity to mine Bitcoins. And the solution isn’t run to neighboor countries…

For those who don’t know, living on Venezuela has a really huge advantage for bitcoin mining. The electricity is almost free, and i have the plus that i live in a good place of Caracas where the power supply is always on.

Just like on what others said here you wouldn’t really get those investors that you do seek for 1 usd to myr. I do have a friend from your place and He said about the electricity rate and its really somehow nearly on free rate because it is soo cheap and its really a paradise for those who do mine bitcoin but one problem here is the Government who handles that place, it does really suck bigtime. Too much hassle for a certain investor to come in your place just to mine and its really a dumb thing to do.

Yes, sound like risky if you are alone and don’t know the place, but that’s why i’m here, i’m the guy who know how can run it and i know the city i’ve live all my life. I don’t need to be worry about the government or the police. And again, for the investor, there’s no need to come here to do or move a finger on it, i’m here to do the work, he just will see his profit.

So you want to have a fifty fifty split on the profits. Can we consider that you will be investing fifty percent in this project too? Have you done an estimate on the total project cost involved and in how many days do you think that you can generate profit from.

Apart from some shady details which can be copied from the internet, you have not provided any proper roadmap or plan to implement your project.

About the 50/50 thing is something that can be talked, because if you see that with 50/50 will generate you the same profits as if you do it by yourself in your country, obviously you will rather to do it by yourself. And in fact i will be putting my 50% of the project by having the place to do it and the free electricity (just a way to see it).

Well, the estimated for the project i have on mind is the one i told above the millionaire. The company will sell me the rack here where i can put maximum 5 mining devices, each one cost around 2300 usd, so for the five it will be like 11.500 USD, having 5 of them, will get profits of almost 2.000 usd per month (like 375 usd per each machine).

About the days i think a can generate profits, mmmm, well, after i have the machine on my hands, just need 2 or 3 days to set things up, prepare the conditioned room, and make it run. After that, we just need to wait our 4 weeks to see the profits.

And about the road map or plan, yes i know i need it, but i need it more someone who ask for it lol. The plan is the one i’ve told, you invest on the machine, i put it to run safe in a third word country, you get the profits in your country. How do you invest on that?, i think (haven’t check it yet) the pay that you must do for the hardware, can be done in the US, in fact, the company who run the business here, work in North America, so no problem with that. How do i put the machine to run on? well, i have the place, and i know work with those kinds of thing. HOW YOU GET THE PROFIT? well, thinking about it, the person who decide to invest with me, will control the bitcoin or etherum wallet account, all the profits (including mine) will get to his account, and after that, he will give my part.


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