invest in mining/staking

Staking:

With more and more platforms adapting to PoS technology (soon including Ethereum), opportunities arise which could easily be combined with ETF activities.

Very bluntly put:

* scout out the right platforms with masternode/PoS (Neo, Ark, Qtum, Nem etc.)

* Hold enough to get decent stake turnover / to obtain a masternode

* Assign a manager to make sure everything is running smoothly

* Coordinate with whoever is running the ETF / long term holdings / trade baskets when to buy or sell

Mining:

eventhough this field has been somewhat saturated by now, when the scale is right there is still a lot to be gained from mining. especially in areas where energy costs are low, a large scale alt coin farm can be quite lucrative.

Blunt version:

* find property for purchase near cheap energy (META: combine this with the solar farm idea??)

* invest in mining equipment

* assign a team for maintenance

* scout out the right coins to mine

* mine

Profit distribution for both projects:

Reinvest 50% in PoS / Equipment

Move 25% to general fund

Distribute 25% as dividends

Why do we use it?

If we do believe crypto is here to stay then investing in running the network is a pretty safe bet. historical data suggests mining equipment recoups its costs in under half a year when done right. as a stand alone project this is probably not the biggest money maker out there, but it is a reasonably predictable market generating passive income. when combined with other projects which involve daytrading or long term holding, this could end up being a strong core project to develop over the years.

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Schmeaulin

02 Comments

  • Scott Stewart
    Scott Stewart
    Scott Stewart
    Scott Stewart   5 months ago

    My understanding is that without access to bulk graphics cards, it's not profitable to try and mine crypto currency. A stable income is possible, but would require the investment of most of DCORP's banked funds to operate on a scale large enough to be very profitable. DCORP is meant to be a venture capital company, not a mining consortium.

    • S
      S
      Schmeaulin
      Schmeaulin   5 months ago

      1) Mining is only profitable with bulk graphics cards it really depends on what coin you mine. if you are looking for a profitable bitcoin venture, then sure. the startup cost would be big, since the network is heavily saturated. but bitcoin is not the only coin that can be mined. a simple scan of https://whattomine.com/ gives you an idea of profitability numbers and can help in calculating the related startup costs. for example, one of my rigs cost me about 2k initial investment and is now steadily churning out $60 a day with minimal maintenance. these returns of course dont last forever but so far all of my rigs have repaid their value in a short time and are now generating profit. 2) getting started with mining is expensive This does not have to be the case. mining is a very scalable operation. some people do it with 6 graphics cards in a rig, costing them the same as someone would pay for a new laptop. others fill their storage room with cards, sinking in 10-20k for passive living. a successful mining venture is a modular project, you can make it work within whatever budget you set aside for it. 3) we are a venture capital company, not a mining consortium I dont quite understand this statement. in my understanding, venture capital seeks profitable projects for development. this would be one of those projects, instating someone to run the whole project and then only checking in for monthly statements.

  • Nicholas Jackman
    Nicholas Jackman
    Nicholas Jackman
    Nicholas Jackman   5 months ago

    One strategy that might be suitable to accomplish this mission (Staking and mining returns): DRPU holders with a stake (e.g 20 tokens) have the chance to do a short educational course that qualifies them to act as sales and install agents for DCORP MINING in their region. What do these agents do? They convince companies and organisations with 20 or more underutilized PCs (Underutilized for example when workers leave for the night ) to start mining some of the low hash requirement / ASIC resistant coinage, profitably. The agent then sets up the PCs to mine during these hours,, with the send addresses of the mined coins owned by DCORP MINING - The DCORP MINING SUPPLIER has multiple payment plan options – 1: 100% of their mined coins sold on their behalf at the end of each month, and returned in full (Currency undetermined) once a month. 2: DCORP provides a secure coin service for long term HODLING + dispensing small timely sales of their holding to cover energy related expense of mining. 3: DCORP’s professional traders trade on their behalf in pursuit of additional rewards with DCORP and it’s traders sharing a % of traded gains. STAKING (Schmeaulin's Plan) During the month DCORP has All coins from DCORP MINING SUPPLIERS in our possession. When not in trading usage these coins can be staked by DCORP with staking rewards going to DCORP who share staking rewards with the DCORP Sales and Install Agent (based on the SUPPLIERS he/she services) Quoting Schmeaulin's idea: “Staking: With more and more platforms adapting to PoS technology (soon including Ethereum), opportunities arise which could easily be combined with ETF activities. Very bluntly put: * scout out the right platforms with masternode/PoS (Neo, Ark, Qtum, Nem etc.) * Hold enough to get decent stake turnover / to obtain a masternode * Assign a manager to make sure everything is running smoothly * Coordinate with whoever is running the ETF / long term holdings / trade baskets when to buy or sell” Possible roadblocks -- Business firewalls (any experts?) -- Cons: Agents would need to revisit and change the coins being mined periodically as mining profitability declines / if the DCORP agents trains an internal person to do this it could remove an adoption pain point of having 3rd party tinkering with their machines.. To avoid loss of reputation through misallocations of SUPPLIER'S' minings by rouge agents, the DCORP MINING SUPPLIERS should formalise each relationship directly with DCORP Management.

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