The main purpose in this article is to share my thoughts about building a mining farm located in Saudi Arabia. consequently its a must to know the advantage and the disadvantage of this project.
It's a coincidence for me to know bitcoin and other cryptocurrency, the story behind it is my friend Abdullah as we were talking about economy, international markets and currency and how governments and elite of rich can control the world's wealth. i have explained to my friend how the american federal reserve is a privately owned bank(Not owned by the US government).as they print dollars from air, nevertheless controlling all big markets in the world. In the end of our conversation he told me have you ever heard about bitcoin? i reply back: never but do you know what's Bitcoin?
He said: i can barely know the name. Then i said OK i will search for bitcoin and till you about it then.
when i discovered cryptocurrency and the beauty of block-chain technology it blow my mind, as it solves all issues related to human slavery by banks since every human have the right from god to use O2 for free to breath and rain water to drink. I was impressed by the cryptocurrency and blockchain and how is every one is free to mine cryptocurrency of to buy or sell or maybe exchange with other currencies just like free air. Thus we decided myself and Abdullah to invest in cryptocurrency industry. So is it too late to start mining farm? We do have a decent funding amount, but our concerns was more the funding.
what cryptocurrency we should mine?
After doing the math considering hardware price and availability, Ethereum was our first pick and then Zcash, Monero and ETC. these currencies can be mined by gaming GPU. Second select was LTC and DCH by using Antminer D3 , L3. however the cost and the availability of the aforementioned hardware is not an easy task. we could not find commercial price and quantities.
So is it too late to start a mining farm business
Cryptocurrencies prices are rapidly going up but in the other hand mining difficulty is going up as well, moreover numbers of miners are increasing, thus in order to compete with all of this; we need to beat the market.
why building a mining farm in Saudi Arabia
Saudi Arabia government Support emerging firms in all kinds of aspects, but the most magnificent thing is the price of electricity as no other place in the world can compete with it.
Steemit community can support
The conclusion is initial funding is not enough as we need partners like suppliers, experts, business brokers and Etc. in order to achieve our vision, so please if you can support us in any aspects kindly don't hesitate to advise us.
Our vision
the pioneers of middle east cryptocurrency industry, and our first objective building a profitable mining farm and leading middle east cryptocurrency community.
Some ideas
please advise if this could be interesting
Can we fund this project by issuing smart contract?
Do you think there's investors could be interested in such project?
Can we contact the manufacturer companies?
Do suppliers can support us?
if you like our project please upvote and resteem, thanks in advance.
I do not know how I'll do it but I'll do it
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Thanks for the information😉😉
Will any women get jobs?
In fact i have a lot of female colleagues at my work