Hi there!
@cardboard here, creator of the @tipU service. Obviously I've got too much time so I've came up with an idea of a crowd funded mining rig that would mine crypto and pay dividends to the investors in SBD.
I really like the idea of receiving daily payouts from your investments in the STEEM ecosystem. So far the only way to invest STEEM / SBD was to delegate your STEEM POWER to voting bots or services like @smartsteem or @utopian.
So I figured out it's time to take advantage of the current SBD price pump and use it to fund crypto mining rig. The plan is to:
- Organize a one week fund rising in Steem Dollars for the mining rig.
- Exchange the SBD to fiat and buy the PC oriented for crypto mining (both CPU and GPU).
- Create an automated system where the mined coins are exchanged to Steem Dollars, which are then send to the investors in daily payouts.
So the account @cfminer was created today to organize the crowd funding. Some details:
- the funding will last one week, it is possible it will end earlier if enough SBDs are gathered
- the funding will succeed if at least 70 SBD are gathered
- the max threshold is 300 SBD - gathering this amount of SBD will automatically end crowd funding
- if not enough SBDs are gathered, all SBDs will be refunded to investors
- the official start of crowd funding is tomorrow - 24.12.2017 and it will last till 31.12.2017 (if you really want to, you can already send SBD to @cfminer, automated system will confirm your investment).
Please feel free to check out 2 previous post about the idea where some questions were answered in the comments:
https://steemit.com/steemit/@tipu/sbd-crowd-funded-mining-rig-daily-payouts-for-investors
https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math
In the current SBD prices the expected daily return from the investment is 0.3% which means that from every SBD invested you should get 0.003 SBD daily. But if the SBD price returns to 1 USD peg, the return should be 0.03 SBD daily.
If you have any questions feel free to ask :)
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Would be nice idea.
If only mining would have been profitable at all.
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Where did you find information that it's not profitable? Maybe you're referring to mining bitcoin on PC.
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Okay, what is your projections?
What cash flow and ROI i get in case of investing 1000 USD?
Give us numbers, please.
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Here the math on the profits the machine makes https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math
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Mining is profitable
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Ok 10 SBD sent. Here we go :)
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just 53 sbd left to go to meet the min
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Sent 5
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Here some way to make the crypto mining rig more profitable/energy efficient:
https://www.makeuseof.com/tag/build-energy-efficient-ethereum-mining-rig/
https://plus8.net/2017/04/15/crypto-radiator-saving-money-on-heating-by-mining-cryptocurrency-xmrmonero/
For the last link: Maybe in the summertime you can heat clothes/water/food?
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25 SBD sent
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You have my sword :)
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Sounds interesting, keep us informed and welcome!
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Oh what a idea! I want in on this. Been trying to do mining on my own and hitting a lot of road blocks. Been cloud mining but really want to do more mining.
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Doing it as a group definitely reduces the risk and the amount of investment required. Really wish there were more people doing investment opportunities like this on here.
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This has given me the thought that anyone who wants to try should do something similar. I have been waiting to buy a new computer but never had the funds to do so. I only mined for fun but love trying out building my own and running it. @tipu had a point that with SBD valued so high it is feasible to earn enough SBD and exchange it for a computer.
Joining this group may relieve some headaches but I am interested in mining coins that have potential and not trying to earn a daily income. As a late comer to crypto I noticed that many who became millionaires in crypto started out on coins that were worth next to nothing. Now they are top in market cap. I am hoping to find a coin that would be the next 10000% gain. I may likely fail but I think this route is better for new investors than to earn a couple of dollars a day. Just my own opinion.
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I get that. My main goal for investing is to get as many passive incomes as possible, I mean it would be nice to get in really early on the next big thing but I just don't think it's wise to make that you're main focus though.
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Good point about the passive income. I was hoping to just try and hit a homerun rather than slow and steady earning. Thinking like a rookie crypto investor, lol.
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With the daily return just buy the crypto
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well you have a week to send your sbd send as many as you want any time as long as it before 12/31/2017
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Opps already sent my sbd oh well alteast you still count them :)
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maximum is 300,minimum is what?
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As stated in the post " the funding will succeed if at least 70 SBD "
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yeah, i understand now
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Hi all, my support to the great effort, have invested 10sbd. Have also resteemed and upvoted this post. Keep up the great work :)
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