SBD Crowd Funded Mining Rig -> Daily Payouts For Investors?
Hi guys, I've came up with an idea of crowd funded mining rig that would operate entirely inside STEEM ecosystem.
The plan is quite simple - raise at least 100 SBD from investors. That should be enough for AMD Ryzen 1700 + GF 1080. This setup should generate about $7 USD daily which equals to about 0.7 SBD daily. This income would be then automatically distributed in SBD to the investors (in daily payouts), proportional to their stake. But if the price of SBD returns to 1 USD peg, the rig would make 7 SBD daily - so this investment is a way to take advantage of the current SBD price pump.
On my side I would invest my own small funds + the whole know how how to build and maintain the mining rig. I could probably fund the rig with the post rewards but all SBD I'm putting into fixing the SBD liquidity problem for @tipU.
Let me know guys what do you think about the idea and would you be interested in investing in such project?
I'm in! How it will be controlled? Do not forget the electric costs.. 😉
Payouts will be distributed automatically, also I will probably use services like Nicehash/BetterHash to simplify the maintenance and payouts. And yeah, I still need to do some math :)
I noted that you already setup @cfminer. The ideia is to fund that account?
yes, just testing it, I forgot to relog ;)
I really like this idea. I think I'll participate. How much does each investor need to give?
Theres no min or max limits but the profit would be distributed proportional to the investment.
Ok. I'll just start sending you sbd everyday until you have 100. What should I put as the memo?
Tipu is going to make a separate account just for this idea
It is released now start investing https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math
Im in, mate, you have my sword! :)
Also what will you be using to mine? A auto mining system that picks the most profitable coins and switch automatically for profit but pays you in btc? Or you joining a pool/ joining minergate ? Or renting your rig to nicehash like systems.
This is a good questions:) Most probably NiceHash/BetterHash or setting manually miners for ZCash / Vertcoin / Monero.
I'm interested in :)
Well if you set manually make sure to merge mine :)
And also how much sbd did you need to recover.
I like this idea :)
Tell me when it is open i can invest 1-2 sbd
Interesting idea. I like it!
That's a great idea... you don't need whales.. it's only 100 SBD.. catch me at the right time and I'm a huckleberry for 2-5 ... just need more people.. gimme a week to let rewards catch up..
You have a week before the first round closes It is released now so start start investing asap https://steemit.com/steem/@tipu/sbd-crowd-funded-mining-rig-some-basic-math
Wow this plan is looking good, best of luck with it. Thumbs up!
So something like a good idea, but we need to think it over.
You are right at today's price is a very attractive plan and we must consider this opportunity! Thanks @tipu for the suggestion.