FAQs

Most of the individual rig owners have already turned off their rigs as of now. For the simple reason that mining on their own proves to be a deficit due to the cost of electricity and the falling value of Bitcoin.

At VA, we have our mining operations in China, Vietnam, and Malaysia where we partnered with owners of power plants and hydro plants. These reduced our operating cost to 30% of whatever is being mined versus paying for retail electricity. What we are doing is actually converting electricity to fiat which sets us apart from other miners or groups. Therefore we are not affected by the falling prices of Bitcoin.
We prefer not to take clients down due to privacy of farm location for 2 reasons: – Sabotage – Theft In an event of above-mentioned scenarios, VA has to bear the responsibilities of the hosted machines therefore to avoid any discrepancies, we hope that clients grant us the anonymity to locations.

However, for clients that are having 100 machines and more, we will provide options for bitcoin mining pool access as well as CCTV installation for a privately owned farm. Specific location viewing can be arranged when the farm is operational and signing of the indemnity form will be mandatory.
We prefer not to take clients down due to privacy of farm location for 2 reasons: – Sabotage – Theft In an event of above-mentioned scenarios, VA has to bear the responsibilities of the hosted machines therefore to avoid any discrepancies, we hope that clients grant us the anonymity to locations.

However, for clients that are having 100 machines and more, we will provide options for bitcoin mining pool access as well as CCTV installation for a privately owned farm. Specific location viewing can be arranged when the farm is operational and signing of the indemnity form will be mandatory.
Rental income refers to the full amount of rent and related payments you receive when you rent out your property/assets. This includes rental of premises, machines, furniture, and fittings. Rental income is subject to income tax. This means that any profit or the net amount left once you have added together your rental income and deducted any allowable expenses is taxable.
Although we strongly believe that cryptocurrency is here to stay and considering that bitcoin was never created for mainstream markets.

In an event that cryptocurrencies no longer has liquidity or any value, VA will only return the machines to you voiding any prior arrangements.
Typically from the date of purchase, it takes 3-6 weeks before the rigs are delivered to our facility. Setting up the rigs, testing and optimization requires an additional week. Therefore, the commencement of mining operations starts from the first day of the 3rd month.
Yes, you can, on conditions that we do not have any partners in your country already. Terms and conditions will be discussed separately.
Yes, you can. Bank swift code and account number will be provided. Currency accepted will be USD or SGD only. Alternative arrangements can be arranged at a fee.
Rental returns will be in bitcoins. Special arrangements via bank will follow prevailing FX and bank fees.
Yes, you can do so but Asic miners are preferred over GPU rigs.
However, the rental rates will be much lower as compared to clients purchasing directly through us. The duration will be determined by the lifespan of individual machines. The cost of maintenance or replacements of parts will also be charged separately. Logistics of machines can be handled by client themselves and/or it can be done through us with a fee.
Early termination is not advised. In an event where clients decide to end their lease-back prematurely, only 50% will be refunded back to rig owner. One week notice should be served to ensure that there will be no delays.
Market volatility usually affects traders over miners. For instance, when bitcoin was valued at $20,000 per coin, the price of the mining rigs was between $5000-$6000. Now the rig cost is $1500 as compared to $5000 previously (70% reduction). Manufacturers of Asic miners adjust the price of the rigs according to market demand, thus we are able to generate good profits to the company after expenses regardless of the volatility in Bitcoin pricing.
Because of the fact that we are helping the owners of power plants and hydro plants convert their electricity to fiat, we are able to secure our profit in good or bad times. This is a win-win situation because, without which, they will have to depend on the usage of electricity before they can cash in on the electricity that had been generated. Moreover, electricity generated cannot be stored therefore it makes sense to liquidate whatever balance in electricity redundancy.
The other mining operations are dependent solely on hedging the difference between electricity cost and the amount that is mined. This is what differentiates us from all the others.
At VA, we aim to grow our AUM (asset under management) within the shortest possible time frame. By leveraging on the strength of general public, we are able to grow our operations bigger and faster thus allowing profits of the company to hyper-scale within the shortest time frame. While we are handling rigs belonging to other rig owners, we are also constantly building our own AUM by throwing back profits to buy even more rigs that is 100% owned by VA.
The monthly rental yield will be paid out in Bitcoins as that is the cryptocurrency that the Asic miner mines. If Rig owners choose to be paid in fiat, there will be a 2% OTC fees charged on amount withdrawable. Alternatively, they are welcomed to find the OTC of their choice?

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