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[Ann] [ForgeCoin] Mining with Cheap electricity!
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Author Topic: [Ann] [ForgeCoin] Mining with Cheap electricity!  (Read 68657 times)

sepehr

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[Ann] [ForgeCoin] Mining with Cheap electricity!
« on: May 12, 2014, 11:50:39 am »

Forge Coin is established to Host CryptoCurrency Miners in a country with cheap electricity rates.

We are rented a 300 Amp Facility in an industrial Zone with Good Air Conditioning.

You can have some stake as well!

Just buy ForgeCoin Assets, in NXT Asset Exchange and start receiving dividends weekly.

For More information see the followings:

About ForgeCoin Assets
Buying ForgeCoin Assets
Recieving ForgeCoin Dividends
ForgeCoin News

About ForgeCoin Asset:

NXT Asset Name: ForgeCoin

Asset ID: 5934798443252900551

Asset Description:

Electricity rate is one of most important costs of Mining, But What if you can mine at an electricity rate about $0.01/KWh?
ForgeCoin decided to help you to do so!
We have rented a Factory in an Industrial Zone of a country with Cheap electricity rates.
We have a Total capacity of 300Amp for the Moment.
Assuming 370W(1.7Amp) for each Slot(180 GH/s S1 or equivalent S2 or S3 Antminers) , we can host up to 175 Antminers in this location.
Each Slot will cost 0.85 0.81 0.7777 0.9 0.48 BTC including Local Custom fees, PSU, Installation)
30 Slots currently reserved by ourselves.
145 remaining Slots can be sold through Asset Exchange.
Mined funds will be paid weekly in BTC or NXT.
We will declare any costs clear in our website through the project.
3% Management cost will take place over any revenue through mining.
First month contributors had a %10 Discount because they trust us and risk their Money.
Each asset will cost 0.48 BTC now.

An ROI of 5 months can be estimated.

Additional information will publish in our website:

http://forgeco.in/

NXT Account ID:  NXT-7PHS-2VHM-U5WP-BTFZD

NXT Account Number: 10807998119924651512

BTC Account: 1PqpXBRM5LgUT7X4zc3jZXUr7gAt5WhvTX

For additional information about NXT Asset Exchange please visit here:

https://wiki.nxtcrypto.org/wiki/Asset_Exchange
« Last Edit: July 15, 2014, 10:05:44 am by sepehr »
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farl4bit

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Re: [Ann ForgeCoin] Mining with Cheap electricity!
« Reply #1 on: May 12, 2014, 12:18:10 pm »

Cool you are using the Nxt Asset Exchange!
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sepehr

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Re: [Ann ForgeCoin] Mining with Cheap electricity!
« Reply #2 on: May 12, 2014, 12:22:56 pm »

Cool you are using the Nxt Asset Exchange!
Yes! Good tool! Why not use it?! 8)
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #3 on: May 12, 2014, 08:04:43 pm »

First Batch Ordered:

We know that trusting us maybe hard!

But we decided to attract your trust, and that is why give %10 discount for first contributors.

And we try to update every action we take so that the community can trust us better.

We have sold 5.08 Assets till now so we have ordered 8 S1 Antminers as our first Batch Immediately after selling assets.

And here is our order confirmation from Bitmain:



Please click on the image for better resolution.

We will update pictures from factory also soon.

http://www.forgeco.in/first-batch-ordered/
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Patrik90

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #4 on: May 12, 2014, 08:42:13 pm »

Hi sepehr, estimated delivery time for those miners is when??
thanks
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #5 on: May 12, 2014, 08:58:53 pm »

Hi sepehr, estimated delivery time for those miners is when??
thanks
It's one week, if Bitmain accepts our request to send by DHL(Last time they did), including time for customs to be cleared.
We are preparing Factory meanwhile.
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Patrik90

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #6 on: May 12, 2014, 09:28:50 pm »

what nxt price did you use to calculate the cost in BTC??? is 12500nxt per share after 10% discount? because thats not even close to 0.765btc..its actualy  0.9btc at price 0.000072
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #7 on: May 12, 2014, 09:42:31 pm »

what nxt price did you use to calculate the cost in BTC??? is 12500nxt per share after 10% discount? because thats not even close to 0.765btc..its actualy  0.9btc at price 0.000072
You are right!
But we learned from Maidsafe IPO! Because our Margin is Narrow, and NXT price was 5000 Satoshi just several days ago we calculate NXT/BTC rate with enough Margin to cover probable swings. But there is absolutely no worries!
You can and we prefer it to pay by BTC! You will have no worries for exchange rates and we also the same.
Just check here:

http://www.forgeco.in/buying-forge-coin-asset/

BUYING FORGE COIN ASSETS

You have two options to buy ForgeCoin Asset:

1-Buying ForgeCoin Asset by NXT.

If you choose this one, just go to NXT Asset Exchange and buy ForgeCoin Assets from there, paying NXT. Please pay attention to asset ID: 5934798443252900551

2-Buying ForgeCoin Assets by BTC.

As NXT price swings more than BTC, we and maybe many investors, prefer to sell or buy ForgeCoin Assets in BTC.

If you prefer as well, please pay 0.765 BTC per Asset to our BTC address(1PqpXBRM5LgUT7X4zc3jZXUr7gAt5WhvTX) and send us an email or a Message from your NXT Account to our NXT account(10807998119924651512) informing us the transaction ID and your NXT address and we will transfer one Asset per 0.765 BTC to your NXT account.

Also you can choose to receive your weekly dividends in your BTC or NXT account.

In this way you have no worries about NXT swings! You have your asset and whenever you decide you can sell it on the NXT AE.

Also we will correct the NXT asset rate whenever NXT price stabilized, to avoid speculations!
« Last Edit: May 12, 2014, 09:57:31 pm by sepehr »
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Patrik90

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #8 on: May 12, 2014, 09:56:51 pm »

ok thank you..I will think about buying in btc...now I am just curious, is electricity really only 1 US cent in Iran? Internet says it was 1.6 cents in 2010 and currently is 2.7 cents
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #9 on: May 12, 2014, 10:10:07 pm »

ok thank you..I will think about buying in btc...now I am just curious, is electricity really only 1 US cent in Iran? Internet says it was 1.6 cents in 2010 and currently is 2.7 cents
That's ok you asked very good questions that others also may have in mind.
That information is correct but for Home use. That is why we decided to rent a factory. Our calculation shows that approximate electricity rate for Industrial Zones is currently about USD 0.014 / KWh, It depends on day of week/ time of day and season and can be more or less. but the estimate is what I quoted.
It's out of city and far, but will cover it, we hope!
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #10 on: May 13, 2014, 03:15:37 am »

You can also order and Host Antminers with us.

In this case we just Host your Antminer(S1 or S2) and provide electricity and Internet access to it and you do the Mining managment your self.

Please follow the following link to proceed to Antminer Hosting:

http://www.forgeco.in/clients/

At the end of contract Antminers can ship anywhere with costs covered with you according to local custom regulation.

You should not install any third party software on Antminers.
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allwelder

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #11 on: May 13, 2014, 08:25:54 am »

so many IPO
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #12 on: May 13, 2014, 08:56:51 am »

so many IPO
I hope everyone that joins, Choose with enough study.
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #13 on: May 14, 2014, 07:26:54 am »

ForgeCoin Asset was Initially offered to public at the NXT price of 12500 NXT/ForgeCoin Asset.

As the price of NXT now more stabilized at about 7000 Satoshi/NXT now we amended our asset price to 11500 NXT/Asset.

The BTC Price will be 0.765/Asset until 15th Jun.

Also if the price of S1 Antminer reduced significantly we may change  the BTC price as well.

First Batch ordered but is not shipped yet and we will update whenever it shipped.

 
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #14 on: May 14, 2014, 11:40:51 am »

PRICE OF NXT ASSET AMENDED

MAY 14, 2014

ForgeCoin Asset was Initially offered to public at the NXT price of 12500 NXT/ForgeCoin Asset.

As the price of NXT now more stabilized at about 7000 Satoshi/NXT now we amended our asset price to 11500 NXT/Asset.

The BTC Price will be 0.765/Asset until 15th Jun.

Also if the price of S1 Antminer reduced significantly we may change  the BTC price as well.

First Batch ordered but is not shipped yet and we will update whenever it shipped.
« Last Edit: May 14, 2014, 11:45:39 am by sepehr »
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #15 on: May 14, 2014, 11:48:46 am »

BATCH ONE SHIPPED, SECOND BATCH ORDERED

MAY 14, 2014

Batch one shipped from China This is the AWB:

http://www.dhl.com/content/g0/en/express/tracking.shtml?brand=DHL&AWB=3439623692%0D%0A

Also second batch of 4xS1 Antminers ordered.
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wesley

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #16 on: May 14, 2014, 12:07:59 pm »

Bought 2! :)
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #17 on: May 14, 2014, 12:13:04 pm »

Bought 2! :)
Welcome great wesleyh!  :D
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MrV777

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #18 on: May 14, 2014, 04:27:33 pm »

Interested  :)
Any thoughts on how long these will be mining for?

Thanks!
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sepehr

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Re: [Ann] [ForgeCoin] Mining with Cheap electricity!
« Reply #19 on: May 14, 2014, 04:37:50 pm »

Interested  :)
Any thoughts on how long these will be mining for?

Thanks!
Thank you,
They will mine until they are beneficial with cheap electricity powers we have! I don't know how much! I hope more than a year or two maybe! It depends on difficulty of network growth and the cost of electricity power both.
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