proof of concept
CryptoGaz 60 day trial
Commencing May 2019 we put our theory to the test. Through an agreement with a private oil and gas company we installed a 80 kWh generator on an oil well which also included natural gas production of approximately 50 mcf/d. 61 miners were made operational. Total capital spent was $29,988 (Miners were provided for free based on an agreed split of income).
Results
The first 30 days included repairs to the acquired generator and “other glitches”.
CONCEPT TRIAL RESULTS (May 14 to July 14)
| Thash/s Methodology | |
|---|---|
| Miners Activated | 61 |
| Total THash/s | 24,936.27 |
| Average Return Per THash/s During Period | US$0.288 |
| US$ Revenue | $7,115 |
| CAD$ Revenue (exchange $1.25) | $8,854 |
Return on capital
Return on capital will be:
CAPITAL SPENT: ($29,888)
OP Ex/month: ($2,459)
Revenue per Month: $8,854
Cash flow: $6,435
RETURN ON CAPITAL: 4.6 months
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Contact details
Phone: 403.680.9264
Email: jzanglaw@gmail.com
Cryptogaz ventures ltd.
1150, 707 7th Avenue SW
Calgary, Alberta T2P 3H6