FAQs

Can I buy mining equipment from Barefoot Mining?

Yes. Availability and pricing vary frequently, so if you are interested in learning more please contact us at sales@barefootmining.com.

Can I have my mining equipment hosted by Barefoot Mining?

Barefoot Mining is focused on mining for itself and its investors; however, we will occasionally have excess capacity and provide hosting for clients.  For additional information contact, sales@barefootming.com.

How would I invest and acquire ownership in one of the mining ventures managed by Barefoot Ventures?

Typically, each site Barefoot Mining develops is placed inside a new corporate entity.  Often, Barefoot Mining funds projects with outside capital and we welcome new investors. Opportunities frequently have a short funding window and not all are made known to the public.

What are the requirements of an investor? 

First and foremost, Barefoot Mining seeks partners who believe in Bitcoin and the Bitcoin ethos. Each project has different financial parameters but commonly there is a minimum investment level of $50,000. 

How are investors paid?

In most cases, distributions to investors are made in Bitcoin. Payouts are typically about once per month, but this will be decided when the entity is formed.  The company holds only enough bitcoin to cover operational expenses and a small reserve.  

Why invest in a mining company versus just buying bitcoin?

Mining companies provide an opportunity to be profitable even in periods of negative price movement.  Barefoot Mining would never discourage someone from buying bitcoin, but mining can provide diversity and downside protection.  Additionally, there is a future possibility of bitcoin being difficult to acquire. For individuals or organizations that want, or need, to have a constant flow of bitcoin, mining is the best solution. 

Will Bitcoin mining be banned?

There is always a chance that a government creates laws that attempt to restrict or prohibit mining. We believe that these would be difficult to enforce and likely would be unconstitutional (US) as we believe it is protected by at least the First Amendment. That said, when Barefoot Mining is doing its site selection it carefully considers the local and regional attitude toward our type of business and we purposefully select locations “friendly” to us.

Would an investment in Barefoot Mining do harm to the environment?

There are several erroneous, misguided and misleading reports of Bitcoin mining’s energy usage and impact on the environment. As an industry, Bitcoin uses and drives the development of sustainable energy, and as a whole the Bitcoin mining industry has one of the greenest profiles of any industry in the world. Bitcoin mining’s nature means that it is strives to find and develop unused and underused energy such as hydroelectric, flared gas and solar - even in remote locations. Barefoot Mining has been active in developing and utilizing these types of power sources and will continue to do so.  Additionally, Bitcoin’s use of the Proof of Work algorithm for mining and the energy usage required to run it, are fundamental to the security of the network and soundness of its money.