Just throwing it out there, especially as we are in crypto winter, and this is not a time for making money…
I wonder if a company with enough money would be willing to sell ASIC’s to miners on a Mine to Buy deal. For example, you want a KD6, but it is insanely expensive. However, if the manufacturer said that you can have it now, but you mine to their pool, and they take 50% of everything you get (to allow for power costs), until the agreed amount of coins are mined. After that point, you are released from their pool, and all coins are yours to keep. If you welch on the deal, then your KD6 becomes a firmware locked paperweight…
Now to find an investor…
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I’ve had this thought several times…It seems like a goldmine for a company like Compass that has an inventory of asics as well as partnerships with a bunch of mining facilities. I would say do a 75/25 split to pay down the machine faster.
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It is a sort of rent to own platform which honestly would be better the problem if the plan only works if profitability of any miner grows or at least stays the same with many miners currently having an ROI of 2-5 years if unchanged. Profitability typically falls on miners with only price per coin and rewards for holding able to offset that. I would rather rent to own or straight up rent the gear than this proposed idea from either side of this equation no one appears to be winning.
I emailed compass like 5 times about doing something like that but they never answer. Lol. I put down like 2k on a miner, they host, I pay all the electric, they mine and keep it all or a majority till it’s paid off. I’d even pay 100 a week on top of that till it’s paid up. I just can’t afford 8-10k plus.
I want to offer my own mining service, where you sign a contract and “invest.” Say you put up 1k, I’d put that into mining gear/electricity and upgrades and pay you back 100 a week for 11-12 weeks so you make 10-20% on your investment. I’m actually working it out now with “legal zoom” and am meeting a few accountants this coming week. Since it is a “securities contract” and pays dividends. I just got my DBA and EIN approved.
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I can see more benefits in that structure then OPs.
They don’t know how much time the miner will be down due to internet issues and or power plus they don’t know how well you will take care of the machine…not to mention you get a dud that last a year they lose with you. No company would take that deal I wouldn’t think.