Good Morning Vietnam!...And Asia Too!!!

Over lunch today at my new favorite La Jolla spot, Cafe Milano, my Vietnamese friend and business partner discussed the very exciting developments of the rapidly growing new travel company, Travel.VN. Through a series of key introductions and "connecting the dots," I was able to pave the way for my Vietnamese friends to utilize their massive connections in Vietnam and to formulate what poses to become the largest travel enterprise in Asia...starting with the country of Vietnam.

My partners, who literally brought the Internet to Vietnam 23 years ago...have a 50 year exclusive right to manage the Internet...making them the equivalent of "Go Daddy" and Cyber Security for Homeland Security for Vietnam. In addition, they have the exclusive right to offer Online VISAs to Vietnam from 45 countries as well as the invitation to write the protocols for Blockchain and Cryptocurrency for the country.

These sweeping privileges make my partners uniquely qualified to champion new innovations for Vietnam..through their exensive and deep-seated Governmental connections. Of course, this presented yet another start-up concept...offering my deal-making services and extensive partnership with my well-connected Vietnamese partners to American Capitalists seeking to break into the Asian markets.

With access to literally every top level Governmental Authority in Vietnam...(even extending to the top decision makers in Laos, Cambodia and Myanmar) my partners and I are now able to offer the ability for innovative US Capitalists wishing to bring their proposals for implementation into the Asian markets.

Please see my video below that describes this opportunity:

Vietnam and Asian Gateway

To share exactly how I created and executed the original deal with my Vietnamese Partnership, please watch the video below:

The Biggest Deal I Have Ever Done!

In 2013 I first tried my hand in the international markets when I volunteered to be the Entrepreneur-In-Residence for a large NGO in Ethiopia. (see www.expatrepreneur.us) Now, in 2018...I am expanding upon that initial "International Effort"... this time to the Asian Markets.

Join me? Reach out at peter@encreditcard.com with your product or service that you wish to bring to Vietnam and elsewhere in Asia. I just may be able to help. :)

 

Visit www.peterjburns3.com to follow my "Adventures in Capitalism" these past 42 years.

 

Posted on July 18, 2018 .

The Ultimate "Connect The Dots" Strategy For Cryptocurrency Mining

I do my best thinking in the morning...courtesy of my first and second cup of coffee. As a "newbie" to the cryptocurrency mining world, I recently established a "Company Store" offering financing for rigs and insurance coverage from a new Captive Insurance Entity (https://www.linkedin.com/pulse/cryptocurrency-mining-company-store-peter-burns/).

I've been watching the massively fluctuating pricing of Bitcoin et al, lately.

That fluctuation has caused great consternation in many of the industry lightweights but like in the Cannabis business, I say that the "stay and hold" players will ultimately win. I am also in the "Cannabis Banking" business providing financial services (VISA/MC processing, etc.) for Dispensaries and Growers. (www.cannabizinsiders.com) and not to long ago watched from the sidelines as the industry "puckered" over the seesaw effect from the Cole Amendment being thrown out by Sessions...followed by a tepid reversal by some of the Feds regarding the "legality" of the Cannabis business regulated by the States. I wrote a blog that shared my thoughts about the "run and hide" attitude of the many, while the "smart money" stayed on course. (https://www.linkedin.com/pulse/sky-falling-peter-burns/).

In my opinion, the same situation exists today in cryptocurrency as the "weak sisters" get weeded out like they did in the Cannabis Industry. The subject for my blog today is how can one like myself, "Connect the Dots for Profit" in this current environment?

I've been at the "Game of Entrepreneurship" for a long time....42 years and counting. As such, I'm prone to re-engage formerly successful ventures and ideas from the past and reconstitue them for current projects. A good example is my recent Captive Insurance application for the cryptocurrency project...as I pioneered for my first business as a teenager in the moped rental business. (https://www.linkedin.com/pulse/history-often-repeats-itselffor-profit-peter-burns/)

To that end, today, I am going to assemble a series of former innovations aligned to new ones to try and "solve" the issue of creating a solid financial strategy for the massively fluctuating cryptocurrency world.

It seems that in the world of investing in anything, the ROI (Return on Investment) is the "Holy Grail." To accentuate that ROI, I say, simply reduce the investment exposure. "Free" or little actual cost for that investment will stifle any of the naysayer whiners out there. I think that I have an idea how to make this so...

In my search for locating the cryptocurrency miners that offer the best rigs and software that "mine" select cryptocurrencies, I've found a whole lot of variance on cost of the rigs and services to produce the passive income I seek for placing investments. In addition to the plethora of "cryptocoins," there are different types of rigs as well as the mining software that will ultimately produce the income I seek. At this point, I believe I have determined 3 viable cryptocurrency mining rig manufacturers and operators.

There are costs involved besides the acquisiton of the mining units. These include but are not limited to the hosting and revenue sharing from the mining operators. The variable of energy cost is also a major factor. The passive income can be earned from the "real time" generation of cryptcoins and the "cashing out" of same from the eWallet that captures the generated cryptocoins. The upside, of course, is the expected and hoped-for appreciation of the cryptocoins inventory generated. This is achieved on a "generate and hold" strategy for a portion of the cryptocoins produced.

As I mentioned before, the almighty ROI is determined by the actual investment. If that investment is leveraged in the form of manageable debt or even through another creative resource, that ROI is maximized in a nearly infinite manner. I believe that I have two former "dots" to connect to achieve just this.

First, around 12 years ago, I created an engineering marketing company in the little known IRS-sanctioned Cost Segregation Study vertical. Any eligible commercial property (or even a residential rental property) owned by a US Taxpayer could have a Cost Segregation study performed, yielding tax benefits that can be converted to investment capital. Since the "cost" of producing this investment capital is virtually nothing, the yield of the cryptocurrency mining is virtually exponential. You can learn exactly what I am proposing to generate this investment capital by visiting www.hlcostseg.com.

Secondly, 18 months ago I launched the "Entrepreneur Credit Card," a powerful and unique FinTech product that can produce significant unsecured debt capital. This debt capital comes with 0% interest for between 12-21 months and is attached to a revolving line of credit of up to $175,000 for qualified applicants. See www.entcreditcard.com/imagine for the particulars.

Coming "Full Circle" to the premise of this blog, I offer the following:

Using one or both of the debt capital generation strategies proposed, I suggest considering following the passive income* generation offered in my blog below:

https://www.linkedin.com/pulse/crypto-perpetual-money-machine-program-peter-burns/*

Since the "Investment" is with so little actual cost and the upside, so potentially high...even a small return* is magnified because of the mitigation of the cost of capital.

Learn all about my suggested "Program" on my new start-up's website at www.cryptechalchemy.com.

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions. 

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Learn more about my "Adventures in Capitalism: at www.peterjburns3.com

 

Posted on July 18, 2018 .

Cryptocurrency Mining Company Store

So, I've only been introduced to the whole cryptocurrency mining world for 6 weeks now. As I am prone to do...I embraced it 150% as soon as I figured out how to make a profit. Taking my own, already established FinTech tool, the "Entrepreneurs Credit Card" (www.entcreditcard.com/imagine), I merged that with the desire of Consumers wanting to purchase expensive "mining" machines... so that they could have the chance to generate passive income* plus have the upside of cryptocoin appreciation.* (see link below)

https://www.linkedin.com/pulse/we-loan-you-money-mine-crypto-peter-burns/

Next, I took my 40 year old "formula" of establishing an Insurance Captive (see link below) and as of yesterday, found a large insurance brokerage firm willing to back my concept of offering a full service insurance package for literally each facet of cryptocurrency mining. This "package," which will be offered by our very own "Captive," will strive to mitigate nearly every perceived risk involved in this exciting new industry...actually becoming, the first such offering of its kind.

https://www.linkedin.com/pulse/history-often-repeats-itselffor-profit-peter-burns/

The premise of this blog is that by offering the combination of our unique crytocurrency mining financing and now the full coverage insurance to the cryptocurrency mining industry...we have created a kind of "Cryptocurrency Company Store," replicating the proverbial "Company Store" of the Califorina Gold Rush Era. Instead of pickaxes and shovels that supported the Gold Miners of the Gold Rush era...we are providing the "tools" of financing and insurance to the Crypto Miners of today. I think it is a perfect analogy.

www.cryptechalchemy.com

Should all you cryptocurrency mining afficinodos be interested in "mining" machine purchase financing and full insurance coverage for your rigs and operation, reach out to me at peter@entcreditcard.com.

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions. 

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Learn more about my "Adventures in Capitalism: at www.peterjburns3.com

Posted on July 18, 2018 .

Crypto Perpetual Money Machine?

I love to create opportunities that when acted on...turn into "for profit" enterprises. Truth be told, while the ideas may be excellent...most efforts don't manifest into the hoped-for profitability. However, once in awhile a certain percentage of these "Ah Ha" moments turns into a great deal of money...and very, very fast.

In the past month or so, my idea of joining state-of-the-art cryptocurrency mining machines with my already proven unsecured credit granting facility (www.entcreditcard.com/imagine) has already resulted in $1,500,000 in approved lines of credit to purchase hundreds of machines that collectively will generate literally millions of dollars in steady passive incomes* for the machine owner, the crypto-pool miner and, of course...yours truly.

This is my new venture's website...www.cryptechalchemy.com.

This is my latest video describing the process of manifesting this exciting vision....

 

As I dive deeper into the incredible opportunity for me to provide 100% unsecured financing at extremely favorable terms to virtually anyone (see www.entcredit.com) and move these individuals into a remarkable (virtually) passive income generating venture*...the opportunities abound. Just this morning, for instance, I met with one of my friends, an accomplished Financial Planner, who reads my blogs and wanted to catch up over lattes at my new coffee shop in La Jolla. Like for many in the Financial Industry, the cryptocurrency phenomenon is a mystery, and that while tempting in its sheer magnitude...it is simply too esoteric for most to grasp, let alone dive into on behalf of themselves and especially for their clients. Still, when I laid out what I was doing...offering preferential (and proven-$250 million funded in 1 1/2 years from my Underwriter, financing) to purchase the income generating* cryptocurrency-mining machines...he could not help but become intrigued.

Next, I met with two young ladies of my recent acquaintance, Millennials both and each burdened with the "hamster wheel" situation of being in debt from school loans and compelled to take any job, often not in their field of study to simply survive to pay back their debts and try to get ahead. Sad to say, I've seen this oft-repeated scenario in all but the savviest (or luckiest) young person with an average of $50,000 in school loan debt (and much more in credit cards, etc) as they struggle to survive and try to thrive in the world on their own. In a previous blog, written before my latest innovation, I explored how I hoped to empower (some) Millenials.

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Inevitably, the case with each young lady was that each was burdened with school (and other debt), each had relatively low paying employment and each had big dreams that had not yet been crushed with the so-called "Reality" of never getting ahead. I yearned to help and when I shared my strategy of offering the "answer" to each young lady, each was very excited to embrace my "Moving Forward Project."

The methodology of achieving same is outlined in the Decision Tree Model shown below:

 

 

Should my efforts in helping these young ladies bear fruit...I wish to scale this to as many young people in need as I can. Of course, my next verticals will be through the more "advanced" Financial Planners for their hopeful retirees and the transitioning Military leaving the Armed Forces into civilian life...often without a clue of what to do workwise...

I am well aware that my rather lofty aspirations may seem overly ambitious or simplistic..especially when all of the nerdy naysayers try to poke holes in what I am proposing but the fact remains...I have been going up against the "conventional norm" my whole life...and kicking the "conventional norm's" hindquarters...for 42 years now.

Why stop now? lol

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions. 

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Learn more about my "Adventures in Capitalism: at www.peterjburns3.com

Posted on July 18, 2018 .

History Often Repeats Itself...For Profit!

40 years ago I entered into the moped (think motorized bicycles, motor scooters) rental business on Nantucket Island, Massachusetts. This was the application of my business plan in my "Entrepreneurship" class at UVa's McIntire School of Commerce. It was also the only "A" I ever achieved in my very short 1-year college career. lol

I also pulled in $55,000 in cash in those fateful 10 weeks as my freshman summer "job," which I quickly hypothesized that I actually made more than the President of The University of Virginia... if I extended out my ten weeks into a year. I reasoned..."why did I need to stay in college to earn a living?!" So I took an "extended leave of absence (read 42 years!)" giving back the remaining 3 years left on my "Full Ride" Army ROTC Scholarship and leaped into my 4 decades (and counting) career in "never, ever, having a job!" Ha!

So...here's yesterday's (really 40 years ago!) lesson applicable to today. I started my moped business on Nantucket, moving at the end of the first summer season to Sanibel Island, Florida, opening my 2nd of what would be 100 locations...over the next 2-3 years. How could I do that after being just out of my teens..making me a multi-millionaire by the tender age of 22?

Well...as other entrepreneurs caught the moped rental craze following my success... they started opening up wherever tourists gather around the country's resorts and making "bank,"...just like I did. I knew the market was WAY bigger than I could ever hope to capture a fraction of...but was it? :) Landlords started getting a little anxious about the perceived liability of renting their commercial space to moped rental operators. You see, mopeds were so new to the US scene that they were neither "fish nor fowl" to insurance companies. They were neither bicycle, nor motorcycles and renting them to novice drivers just seemed like it would be a risk that must be thoroughly vetted by the insurance companies. Therefore...there was zero liability insurance to cover the moped rental operations, naming their landlords as "also insureds."

Before you could say "do it myself" I was on my way to Bermuda, securing a renowned Barrister's services adept in the "Captive Insurance Markets" and for $50,000 in "moped cash" I had my very own "Captive." Guess what(?!) I also had the ONLY moped rental insurance policy in the U.S., becoming its own client first and then... letting the word filter out that my "Captive" (no one knew it was actually me, of course, lol) could write insurance policies to cover the operator as well as the landlord.

I was slammed...in a very good way. I knew the risks firsthand. I had all of the details of accidents and damages from my own operations. There was virtually zero risk of significant loss. If a moped renter was hit by a car...the car's insurer paid. The units only went 25 mph and I was located on islands (for my own operations) and other resorts for others had very slow roadways because of the nature of a resort locale...there wasn't going to be any major losses, I was betting. I set the "premiums" to my clients (moped rental agencies) at 11% of the gross sales (subject to audit monthly, of course) and at a 50-60% net profit...I would in actuality be every client's 25% (or more partner)! By reviewing the premiums rolling in...I actually saw the best locations for my business already researched and put into operation....so I opened up right next to them or across the street. My competition did my R&D, I already collected 25% or more of their business and could make off very well in the same resort. I ended up buying out select commercial buildings for my own portfolio, further appreciating my wealth and protecting my "cash cows." Ever price out the commercial real estate in the heart of Nantucket, Sanibel, Key West and fee simple Maui property? It is very costly but my might little mopeds threw off 20% of their gross sales to debt service so...I scored again!

I covered the first layer of coverage and acquired a "Reinsurance" policy from the venerable Lloyds of London for catastrophic losses that started coverage in the millions. On a little $319 moped from Steyr Daimler Puch (Mercedes)...that was NEVER happening but...Lloyds was on my Captive policy's letterhead, of course. :)

Anyway, over our "Crypto Summit" on Saturday, I realized I could do this again...this time with cryptocurrency mining machines that I was buying or loaning money for others to buy to put into service. I could be the first to create a comprehensive insurance policy to cover "business interruption," theft, non-performance of the unit to pay the debt and everything else..to go with my financing package. There was an insurance broker from one of the world's largest commercial insurance brokers at our table...a new friend and a very, very sharp fella. One of the young "Turks" at the table who was borrowing $250,000 to buy our machines asked me if there was any coverage for the debt incurred by him if the machines did not do as "advertised" to cover his potential liability to my lender. I looked at my insurance broker and we both said..."Now there is!" In literally 2 more days, I will have indications of interest from the world's largest insurance companies and like Lloyds of London as a Reinsurer, just like before, if needed.

First mopeds...now cryptocurrency mining machines

I have already told my insurance broker friend that if his insurers don't "get it" quickly and jump in...I'm going to repeat my first lesson in having my own insurance company (Captive) and do it myself.

I NEVER let a great opportunity get away from me if I can help it. Stay tuned!

Learn about my 42-year career (and counting) at www.peterjburns3.com

Posted on July 18, 2018 .

Cryptocurrency Mining Meeting

Cypto Summit

Today, I "broke in" my new coffee place in La Jolla (https://www.youtube.com/watch?time_continue=7&v=vGLMvZ1vYwo).

I hosted two cryptocurrency mining machine buyers ($500,000) coming in from Oklahoma, introduced by one of our "Crypto Chicks" (https://www.linkedin.com/pulse/our-very-own-crypto-chicks-hit-out-parkalready-peter-burns/), my two financier partners from Phoenix (who committed over $1 million in funding to my crypto machine buyers this past week), an insurance executive from one of the world's largest brokers entering into crypto coverage and the man behind the best cryptocurrency mining machine ever launched. Our beautiful and talented hostess made sure we had our delicious refreshments.

We were "fueled" with our great coffee and lattes and treated to a selection of our Vietnamese Bakery friends' absolutely delicious freshly baked pastries. The gang started gathering at 9 am and broke around 1 pm...the conversation and in-depth "information dump" flew by. Each one of our participants left the "Summit" energized and ready to tackle their own facet of the mission ahead...create the fastest growing, most comprehensive cryptocurrency mining consortium on the planet.

I am coming off a recent "closing" of what was the largest transaction in my 4 decades long entrepreneurial career...a joint venture of sorts with the Government of Vietnam in the travel sector. My "Spidey Sense" indicates that this new venture in cryptocurrency mining will equal or dwarf that deal and no matter what...it is certainly going to be a lot of fun.

It's also a heck of a way to "baptize" my new gathering place for entrepreneurs at the "La Jolla Coffee Club" at Cafe Milano!

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions. 

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

 

Posted on July 18, 2018 .

Who Wants To Be One Of My Early Adopters?

Money for Crypto Miners

Greetings my friends and colleagues,

In the last several weeks, I have learned a great deal about cryptocurrency-mining. In learning about the incredibly profitable potential...I literally moved the opportunity to an entirely new level of profitability...by creating the 100% financing package of multiple state-of-the-art crypto-mining machines through my lender to qualified candidates. 

With the advent of some key financing modifications, we can now repair and enhance your credit in order to qualify, as well as offer a bridge loan for the reduction of your current debt load... to qualify for our unique funding.

Please review our new website and the blogs on the links below. You will receive a good "education" on the opportunity at hand.

Then...reach back to me and I'll be happy to answer your questions and explore if this opportunity may be for you. We are also creating a Direct Sales element to reward referrals...another great source of potential profits to you. :)

www.cryptechalchemy.com

https://tech.cryptosumer.com/

https://www.linkedin.com/pulse/our-very-own-crypto-chicks-hit-out-parkalready-peter-burns/

https://www.linkedin.com/pulse/cryptocurrency-101and-beyond-peter-burns/

https://www.linkedin.com/pulse/calling-all-existing-wannabe-crypto-miners-investors-peter-burns/

https://www.linkedin.com/pulse/digital-alchemist-peter-burns/

https://www.linkedin.com/pulse/we-loan-you-money-mine-crypto-peter-burns/

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

 

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions. 

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

 

Peter J. Burns, III

Entrepreneur and Founder

www.peterjburns3.com

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Posted on July 18, 2018 .

Our Very Own "Crypto Chicks" Hit it Out of The Park!

Money for Crypto Miners

Kayla and Amber are new friends of mine that I enlisted less than a week or two ago to become our "Poster Children" for our remarkable Cryptocurrency-Mining Program. They will be using their smarts (each graduated as Finance Majors) and drive (not to mention appeal!) to share their own cryptocurrency-mining stories to their tens of thousands of Social Media followers:

In an earlier blog, I shared that both Amber and Kayla have gone through our Program offering the 100% financing of state-of-the-art cryptocurrency-mining machines, which are being produced by my new friend and coffee buddy...that educated me in his field. This three-week-old journey(to date) of combining his extraordinary contacts and knowledge in the cryptocurrency-mining field with my access to perhaps the most powerful unsecured loan capital resource (www.entcreditcard.com/imagine) is already manifesting sales. Both Amber and Kayla have already received financing commitments from our Program of $50,000 each. (www.cryptechalchemy.com). They will each be purchasing up to 8 "machines" apiece, which may* produce between $3,000 - $8000 in purely passive monthly income.*

Our "Crypto Chicks," Amber and Kayla just brought in a family friend, who is an accomplished crypto-coin day trader. After hearing the girls' experience and reading everything regarding our 3-week old program, this entrepreneur went through our financing process and received a loan commitment of $250,000...which he is committing into acquiring our "machines." What is more, this gentleman, who had successfully started 15 of his friends in the crypto-coin day trading field...has already shared his plans with his fellow crypto buddies and is very confident that most, if not all, will follow his lead, borrow our money and invest in our "machines" too.

The original premise that our "Crypto Chicks'" growing celebrity, coupled with their positive experiences in this endeavor, personally..would allow them to profit mightily in referrals that resulted in sales to us...is already manifesting!

I cannot wait to see what these two smart and beautiful young women bring to the party next. :)

And of course...our lawyers insisted on my including the following whenever I discuss our exciting project. lol

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

 

See my entrepreneurial history spanning 4 decades at www.peterjburns3.com and reach me at peter@entcreditcard.com

Posted on July 18, 2018 .

Cryptocurrency 101...and Beyond

Money for Crypto Miners

My own education in cryptocurrency began a mere three weeks ago and is thoroughly covered in the blogs below:

https://www.linkedin.com/pulse/calling-all-existing-wannabe-crypto-miners-investors-peter-burns/

https://www.linkedin.com/pulse/digital-alchemist-peter-burns/

https://www.linkedin.com/pulse/we-loan-you-money-mine-crypto-peter-burns/

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

Since I simply do not believe that I am the only person on Linked In that is (or was) completely clueless about the worlds of cryptocurrency and blockchain technologies, I asked one of my business partners, Major (Retired) Alastair McCartney (Royal British Army) to synthesize the two subjects, which I share below:

Hi Peter, 

Here's a quick crypto overview as requested.

Read some background on Wikipedia about Blockchain and Cryptocurrency.

BTC, ETH and LTC

Bitcoin (BTC) is the best-known cryptocurrency and went up to $20k late last year. Right now, as I type, it's current value is 1 bitcoin = $9,114.12. It is currently a little volatile but conservative estimates value it at $25k by the end of the year (150% price rise) with some saying it will be at $200k!

Ethereum (ETH) is the next best-known cryptocurrency and specializes in the ability to build smart contracts that are automatically executed when the requirements are fulfilled (a bit like automating the escrow process). Many alternative cryptocurrencies (known as Alt Coins) are built on the ETH platform. 

I would argue that, in general, ETH is better than BTC (but we're not comparing like for like) and, in the medium term, increase in value more than BTC does. It is currently valued at $675.75

Litecoin (LTC) is the third coin that is well known and provides peer-to-peer almost real time payments. It is currently valued at 148.99.

Alt Coins

Other 'coins' are known as Alt Coins. Generally, to enter the Alt Coin market you need to have cryptocurrency already (most are not traded against USD). Bitcoin is the most usual method and this affects trading volumes and prices.

For example, if I wanted to buy ADA then I'd likely buy BTC first with my USD and then use my BTC to buy ADA.

Satoshi

Bitcoin is traded down to 8 decimal places. These are known as Satoshi. If was I was to buy ADA now it's trading at 0.00004038 bitcoin. That's known as 4038 Satoshi. It is named after the creator of Bitcoin, Satoshi Nakamoto. This terminology is used frequently and should be understood.

Coin Purchase Considerations

Before purchasing a coin you should consider:

  • Purpose. What was the coin made for? What problem does it solve? Is it well designed for this purpose?
  • Adoption. Has it been adopted? Is it becoming popular in solving the problem?
  • Development. Does it have a strong development team behind it that is absolutely committed to its success? Do they have a strong track record? Belief in this team is critical.
  • Networking. Is the company actively and progressively networking to ensure mass adoption of their coin and the solution across the breadth of the respected industry?
  • PR. Do they have good PR? A large percentage of the battle to win bandwidth across the crypto spectrum is getting the public to hear about it and understand it.
  • Market History. Look at historical trading charts of the coin. Have there been significant bull markets? Is there good potential to profit from this coin? When is the right time to enter (and exit) the market with this coin?

My Top 5 Alt Coins of 2018

I strongly believe in ETH but don't really count this as an Alt Coin. So, my top 5 (in particular order) are:

XRP. Ripple is a well-known coin that enables fast (almost real-time) payments. They are doing great outreach, PR and signing big clients. 

XLM. Stellar Lumen connects banks to quickly move money across borders at a low cost. Big companies already using XLM include IBM, Stripe and Deloitte.

ADA. Cardano is a smart contract platform developing advanced features. They have a strong team behind them and are expected to at least double in value in the next 12 months (likely earlier).

SYS. Syscoin has developed a decentralized marketplace with online payments. 

SC. Siacoin is decentralized cloud storage. The cloud storage market continues to increase and Siacoin have a great solution and a good team behind them.

I hope this helps. Please let me know if you have questions.

Many thanks,

Alastair Macartney

Digital Wizard

WizardRoom.com

For those of you interested in cryptocurrency mining and perhaps joining in the staggering profit potential, I hope both my blogs and my partner's explanation posted here may push you towards studying the opportunity on your own and then reaching back to me if you wish to explore the possibilities together.

 

You may learn of my entrepreneurial journey these past 4 decades at www.peterjburns3.com and reach me a peter@entcreditcard.com.

Posted on July 18, 2018 .

Calling All Existing and Wannabe Crypto Miners & Investors

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Less than 2 weeks ago while having my morning latte at arguably the nicest coffee hangout in La Jolla, I chanced upon a gentleman also enjoying the ambiance of our remarkable 72-degree weather, while sipping his coffee. That first meeting has manifested into a very significant partnership, combining his cryptocurrency mining (3D Rendering, AI and Machine Learning) cleverly engineered into a state-of-the-art unit that can be placed in data centers and soon to be offered to be placed in your own home!

My entrepreneurial expertise has always been in the creation and start-up arena, so when I became "educated" in this learned man's field, it wasn't long until I realized the tremendous opportunity of combining some of my own resources with his. For instance, when I learned that his $5000-$7000 units had no financing element in place, I immediately introduced my own to would-be purchasers. (www.entcreditcard.com/imagine)

By simply combining the possible passive monthly earnings of between $400 and $1000* of each machine placed in his contracted data centers or even their own homes, anyone that could either afford to purchase one or more units or was qualified (700 FICO) to receive my financing of between $25k and $175k could earn an amazing return of completely passive income.*

I immediately went to work finding suitable Consumer Verticals to which to market and found that Millennials, Transitioning Military and Home-based Business aficionados were perfect customer bases...numbering in the millions. I then surmised that the only way to scale and quickly was to create an Affiliate Program...so I commenced on making it all happen. Taking a page from Pharmaceutical Sales, I recruited pretty, smart and ambitious young ladies I named "The Crypto Chicks." They are being tutored in the world of crypto and have each received financing commitments of $50,000 from my lending resource, which they will be buying "machines" with to lead by example to their peers. (see link below)

Next, I recruited a soon-to-be-retired US Army Sergeant at Ft. Bragg, North Carolina, who contacted me from an earlier blog. He actually mined crypto himself, saw I offered crypto-financing and after a chat and follow up and an exchange of information...he agreed to create a funnel of other transitioning soldiers at Ft. Bragg to offer our unique passive income strategy as they matriculated to civilian life from their Service. This gentleman is actually meeting with a half-dozen prospective "early adopters" in his home tomorrow night to discuss the new Program. He shared that at Fort Bragg alone, between 400-600 soldiers transition each month. If we can perfect our Program there...we can literally scale this across the Globe to all US Military installations.

In my very own home area (La Jolla) which is outside of San Diego, I chanced upon meeting a very pretty and bright young Marine, the only female in her specialized duty station at Miramar. She became very interested in what I was offering to servicemen and women and I introduced her to our "Crypto Chicks" and am pretty certain that she will take up the charge of spearheading our new Program to her fellow Marines by taking our capital and acquiring machines for her own account.

Years ago, I was introduced to an uber-successful Network Marketer that actually achieved $1 Billion in sales. It turns out that my new crypto partner had a 20-year long friend who was the "right arm" of my old contact with the billion dollar enterprise. We spoke at length and due to his decades-old friendship with my crypto partner and the very exciting opportunity we have fashioned together...he is busy with my staff putting together a sweeping Affiliate Program to launch our vision to the world.

The state-of-the-art "machines" are being assembled with the finest components available, the financing is in place for consumers with the "early adopters" being selected and approved (www.entcreditcard.com/imagine) and we even developed a program for those that want our money but do not qualify (www.entcredit.com).

Literally, 2 weeks after my coffee meeting in the Village of La Jolla...we are launching what promises to be a very significant "play" in the cryptocurrency mining world. We even have our website up (under construction, anyway...lol)

www.cryptechalchemy.com

And of course...our lawyers insisted on my including the following whenever I discuss our exciting project. lol

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

 

See my entrepreneurial history spanning 4 decades at www.peterjburns3.com and reach me at peter@entcreditcard.com

Posted on May 4, 2018 .

The Digital Alchemist

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I am a serial start-up entrepreneur and have been for over 42 years with an estimated 150 ventures under my belt. When it doesn't seem that I will ever come upon anything more intriguing in the world of entrepreneurship than my latest foray...I surprise myself with the ingenuity of humanity to create profits out of literally anything and I leap in.

This event transpired yet again last week. Although I am an avowed "non-techie," I nevertheless came upon the decidedly technological marvel of cryptocurrency mining. All of my instincts pushed me towards learning as much as I could and as quickly as I could in the field, courtesy of a kind and learned new friend over a series of coffee meetings less than a week ago. When you have operated in the entrepreneurial world as long as I have (over 4 decades), the odds are that you have either been involved with or have knowledge of a multitude of tangential businesses and individuals that can be marshaled together and committed to one's new passion. That is exactly what I am doing as we speak.

My week-old journey into cryptocurrency mining has already taken leaps and bounds which are enunciated on a recent blog:

https://www.linkedin.com/pulse/we-loan-you-money-mine-crypto-peter-burns/

Had we spoken out loud of the subject prior to my "quick and dirty" education across the fire pit over lattes with my industry expert friend...I would have classified cryptocurrency mining as "Digital Alchemy, " the title of today's blog. It simply made no sense to me as it mysteriously appeared very close to the ancient Alchemist's claims of turning lead to gold. How could one write software programs featuring algorithms that churned out digital currency by plugging in a CPU that produced same? Well, the answer is that they can and they do...to staggering profit levels.

Once I learned the basic tenets of cryptocurrency mining, I was free to use my "genius" of "connecting the dots" to enhance the basic premise...hopefully towards bigger and better profitability. I am in the midst of that process right now, bringing to bear a unique FinTech product I launched a year and three months ago that I dubbed "The Entrepreneur Credit Card." By utilizing this financing vehicle that offers up to $175k in unsecured, no-interest (12-21 months) credit lines to individuals with good credit...one can buy one or multiple cryptocurrency mining "machines," that perform faster and more efficiently than any such unit on the planet. These "machines" churn out an estimated $400-$1000 per month (depending upon the product chips installed) in completely passive and uninterrupted "coin" income...convertible to cold, hard cash put into your eWallet...every day.

Now that I have the targeted venture (cryptocurrency mining) in my sights...I am free to expand into multiple verticals and have already started securing the Direct Marketing, Transitioning Military, Home-based business seekers and Millennials as the end-user recipients of my new Program of fully-funded cryptocurrency mining "machines" that will provide the "Holy Grail" of Passive-Income Generation:

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

So...at 61 years "young," I am taking my new friend's remarks to heart that if I brought my unique financing tool (www.entcreditcard.com/imagine) and joined it to his state-of-the-art cryptocurrency mining "machine"....I would become a billionaire overnight.

Like Nike's apt motto "Just Do It!"....I intend to.

 

Reach me at peter@entcreditcard.com and see my lifelong entrepreneurial journey at www.peterjburns3.com

 

This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 25, 2018 .

We Loan You The Money to Mine Crypto

b1.jpeg

Last evening, I excitedly put down my thoughts to enunciate the steps I've taken these past few days to launch what is likely a "game changer" in the B2C (Business to Consumer) vertical in the cryptocurrency phenomenon. Before I pressed the "Publish" button on the Linked In blog page, I placed a call to my new friend and partner-to-be to make certain that my interpretations of our opportunity in crypto-mining was accurate. Well, if I learned anything from our evening call, it was that my expectations were WAY too low.

My new friend and colleague started to share just how big this really would be. I never touched upon the expansion possibilities on my last blog, that he carefully reiterated to me. His state-of-the-art crypto-mining "machine" with its proven beta-test income of $400 per month, combined with my instant 100% financing package was powerful enough.

However, my friend had already developed several additional applications for the same "machine," like AI and rendering...plus other verticals that he explained and which went completely over my head. He unequivocally stated that by simply adding the AI (Artificial Intelligence)-proven chip to his "machine," the monthly income shot up to $1000 per month...2 1/2 times what had excited me before. This meant a 200% return annually...with our 100% no cost financing for 12-21 months in place!

Furthermore, he went on to quote snippets from the industry article below that stated for the record...the cryptocurrency industry was poised for a 10 X surge..and soon. I didn't even share any of the above on my blog from last night. So..I pressed "Publish."

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

This very well respected (perhaps THE most well respected) Crypto-industry publication printed this only yesterday (April 20th)....the same day I published my aforementioned "passive-income" blog. Is it only a coincidence that the industry surged $30 billion between then and today? No, Sir. These industry experts are "dead on, " that's why.

https://cdn.fbsbx.com/v/t59.2708-21/30832002_10212893365709106_3663626937646972928_n.pdf/April-PBC.pdf?_nc_cat=0&oh=9a2886c788503ecf3463c62abc3a9455&oe=5ADC9530&dl=1

So the question for now is...what are we all going to do about of this?

The answer is ....join me.

Borrow our money.Go to wwww.entcreditcard.com/imagine and find out how much you can obtain (700 FICO required)...in 30 seconds by watching this 2-minute video and pressing "Apply." Now, take that money and buy as many cryptocurrency mining "machines" from us as you can at $5k-$7k apiece. Each one should generate $400-$1000 per month...so a dozen machines will produce an estimated $5k-$12k per month...every month. Pay off your loan in a year or two...at zero cost because we offer 0% 12-21 months from when you take your money. It just doesn't get any better than this.

We even have a plan for those not quite qualified to borrow our 0% money since the threshold is a 700 FICO to qualify. Simply visit www.entcredit.com to get your credit repaired/enhanced and apply for our money. Then, buy your "machines"

Now, bring your friends and family into the mix. Show them how you are doing, because you "bank" your Crypto-income every day...and it goes directly into your eWallet in either "crypto-coins" or cash...your choice. We will pay you a nice referral fee for each new account you bring to us. That fee is generous and reoccurring and guess what(?) like us, you get paid in cash and/or "crypto-coins"...which very likely continue to go up in value.

This idea is so new to me and hence to you readers...that I am frantically building out collateral material, the website and everything else that goes into a start-up. Lucky for me (and you!) ...I've done this 150 times before. :)

Like I said...join me. I can be reached at peter@entcreditcard.com

 

This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 23, 2018 .

The "Holy Grail" of Passive Income Generation Revealed....

0.jpeg

This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 21, 2018 .

Second Bite of the Apple for Consumers

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About a year ago, my partner and I launched the Entrepreneur Credit Card and generated much interest in our combined credit line product offering up to $175,000 in unsecured credit with 0% from 12-21 months. Our Underwriter's State-of-the-Art algorithm, producing a credit decision in 30 seconds (based upon a 121 point analysis of the applicant's 3 combined credit reports) was an industry first. We had a lot of "takers."

www.entcreditcard.com/imagine

Our Fintech product catered to consumers with 700+ FICO scores and we registered many more "Declines" than "Approvals" so we reasoned that there might well be a way to convert many of those "Turn Downs" into "Approvals" if we put together a streamlined plan to make this happen.

Well, we just figured it out and are now offering this new service of repairing one's damaged credit, enhancing one's credit through a unique method and then re-applying for our Entrepreneur Credit Card and getting the unsecured funding you want and need.

www.entcredit.com

The process is simple and to start, you can either apply directly for our Entrepreneurs Credit Card at www.entcreditcard.com/imagine or go directly to our new service at www.entcredit.com if you know you are not at a 700+ FICO Score.

You have nothing to lose and everything to gain...especially if you want a piece of the "American Dream"....your own business.

 

Peter J. Burns III is a serial start-up entrepreneur and you can contact him through his website, www.peterjburns3.com or email him at peter@entcreditcard.com.

Posted on April 15, 2018 .

Art as a Revenue-Producing Investment

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Recently, I became introduced to a lovely young woman, an honest-to-goodness Princess of Persia. She has spent almost her entire life (from age 5) producing many styles of art and has accumulated over 5,000 works of art....never marketing a single one for sale...yet. A mutual friend introduced her to me and I took on the task of partnering up with her in creating a market for her art, as well as introducing a "pet project" of mine in the field which I will outline here in this blog. This is her new website, www.PrincessSamira.com

Last week, I memorialized this art project, a first in that field for me, on the blog below: https://www.linkedin.com/pulse/peter-princess-peter-burns/

The "pet project" I refer to came to me years ago, perhaps 20 years now, in which an artist acquaintance started talking to me about the fact that all artists that produce a painting, sculpture and even a photograph, own the rights to those images, even if they sold that particular piece of art. I understood the value of trademarks, copywrites and even patents (I had 4 patent-pendings on past ventures, myself) but never had I really thought about the "rights" of an artist for the image of his or her work of art. I did spend some time speaking to one of my IP lawyers about the concept of "bundling" the "rights" of an art piece and then "monetizing" it by "selling" those rights or even including them as part of the actual piece of art sale. In effect, this would create a potential revenue-earning component (if successfully marketed) of the piece of art acquired. The terms of the "sale" of these "bundled rights" to the image could even be divvied up between the artist and the art purchaser.

I was intrigued and filed these thoughts away until when and if the opportunity to actualize this potentially enormous innovation would occur. Well...now that I am ostensibly in the "business of art" with my Princess, perhaps it is time to dust off that 20-year-old idea and put it into play. To that point, I am re-visting all of my notes and former preparation on the "bundled rights" deal for art images and implementing them to the benefit of my Princess and me.

Well...back to "work" on this latest project!

Learn what I do at www.peterjburns3.com and I welcome any and all inquiries from fellow entrepreneurs at peter@entcreditcard.com

Posted on April 7, 2018 .

An Experiment in Capitalism

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Every day, I get a couple (and likely more) would-be and even established entrepreneurs looking for start-up or expansion capital. There are additional reach-outs (mostly Linked In) from others who are wanting to explore their ideas with me also. My natural tendency is to help them all. :)

An idea has been forming in the back of my mind on how to create a "system" of taking in and offering new business opportunities, providing access to capital (debt not equity), bringing in seasoned professionals in such fields as.... web design, financial forecasting, business plan writers, graphics artists, supply chain and operational managers. The "blueprint" of setting up a new business with all of these necessary factors put into a "checklist" is adhered to in order to streamline the process.

The key to any successful business is to put someone in charge with a vested interest as well as giving them access to the "key ingredients" to make things happen. It is my belief that 80% of all businesses are the same, with the "unique differentiator" being the industry expert (or experts) brought into the mix.

I like to think that by placing the "would-be" business owner in as the "Project Manager" supported by the professional team that I offer, will give that start-up the best chance of success as well as "hands-on" training for the "wannapreneur."

My goal is to develop a portfolio of new and exciting ventures, placing the "newbie" in as a both a paid contributor and equity-earning participant in the venture I place him or her into. In this way, what I will have achieved is introducing successful new entrepreneurs into the world...expanding the wealth of my partners and my own portfolio.

First, the would-be entrepreneur is introduced to our methodology of repairing and enhancing their credit and when restored to a 700+ FICO score, is pre-qualified for an interest-free credit line from our underwriter. All steps are covered in the newco, www.entcredit.com.

Next, a roster of start-up ideas fleshed out in a simple narrative is offered to the entrepreneur-to-be to determine the interest level and viability for this proposed "match-making." (Examples below)

Next, the steps of putting together the start-up team of experts and assembling the "ingredients" of the new venture follow the blog steps here...https://www.linkedin.com/pulse/baking-cakeentrepreneur-style-peter-burns/

A start-up mentoring program with online and in-person or phone sessions program is installed for each eligible entrepreneur-to-be. This is a program in gestation with one of my colleagues who is partnered with the foremost educator in entrepreneurship in the world with over 80 published books on the subject.

Now, like everything in this world it is not going to be as easy as 1-2-3...I get that. However, since the "mortality" rate of new business start-ups is estimated to be as high 50% (SBA), my goal is to increase the odds dramatically by adhering to the proposed "formula for success" I am proposing in this blog.

One never knows until you try and after all, my motto has always been..."Ready, Fire, Aim."

 

Reach Peter at peter@entcreditcard.com and visit his website at www.peterjburns3.com

Posted on April 7, 2018 .

Another day... another Start-Up!

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In December 2017, my partner and I launched the Entrepreneur Credit Card and we've loaned millions of dollars to people in search of debt capital at favorable rates and only based on one's good credit score. See the simple video about the Program here...www.entcreditcard.com/imagine.

In the aftermath of the Last Great Recession (2007-2009) many individuals had their precious credit dinged or destroyed, causing the cost of credit to be too expensive, if even available, to these once credit-worthy individuals. Many people applied for the Entrepreneur Credit Card and because the threshold for obtaining that funding started at a FICO of 700 +, many people were turned down. It dawned on me that there might be a way to convert the "turn downs" into profits...if I could only think of what the solution would be.

Over the years I have witnessed the proliferation of advertisements for services offering to repair your credit. I never understood the exact process but if what these services delivered actually "repaired and restored" one's good credit, that had great value for a consumer. It stood to reason that this process could help our Entrepreneur Credit Card "turn downs" too. An idea started to germinate...and I needed to find the best performing credit repair services. I quickly researched the credit repair industry and chose the best provider.

Next, with the guidance from several FinTech resources, I learned of the unique service of "credit enhancement." In short, one could increase one's FICO score by being added as an "authorized user" to a seasoned and "blemish free" (100% on-time payments) credit card, installment debt or other credit-bureau- reporting debt. It turns out that one could "rent" another's perfect credit instrument (credit card, installment debt, etc.) and benefit their own credit profile by being named an "authorized user" on those accounts. I started to research the best service providers of "credit enhancement."

Now, I had all "three legs of the stool" for my new idea...a vertically integrated system of (1) repairing one's credit, (2) enhancing that "repaired" credit and (3) then loaning the new 700+ FICO scoring consumer unsecured capital up to $175,000 at zero % for 12-21 months. With affiliate agreements in place from the vetted credit repair/enhancement vendors and my own FinTech capital resource...  www.entcredit.com begins today!

 

Posted on April 4, 2018 .

Does "Genetically-Disposed Entreprepreneurship" Skip Generations?

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The picture above is my esteemed Grandfather, Peter J. Burns and my dear mother at my parents'-to-be Engagement Party 63 years ago! The story of Peter I is remarkable which I have synthesized as an excerpt in my erstwhile (and unfinished) autobiography below:

As I mentioned earlier, I was born in New Jersey and both sides of my family on my mother and father’s were raised there. My mother’s family on her father’s side, had emigrated from Germany in the late 1800’s and anglicized their name from von Brieg to Briegs. Later in life I learned that the von Briegs were from Prussia with a royal lineage of a Herzog (equivalent to a Duke) or two dating back some 900 years. I always knew I was royal! My mother’s mother was from a nice Irish family, referred to as “Lace Curtain” Irish. On my father’s side, his father was of Scottish heritage and my grandmother was pure Irish. Nothing distinguishing in their backgrounds except my grandfather’s uncanny ability to make money…and a lot of it.

 Grandad worked at Sterling Drug for 35 years, always refusing the presidency of the company. He liked to sell and to travel, he said and riding a desk was not his idea of having fun. In later years, we would learn why. My dad and his brother lived a very nice lifestyle. They went to the prestigious prep school at Peddie ("Princeton Prep") and lived in a palatial estate once owned by the original “Godfather” Vito Genovese.

 You see, the Burns and Genovese clans attended the same Catholic parish in Atlantic Highlands, New Jersey. Vito and Grandad knew and liked each other (don’t ask me why) and when Vito had the need to show a legitimate source of cash (for an IRS problem or divorce issue) he came to my dad to buy his estate. Even back in the 50s, Vito’s place, high up on a cliff overlooking the bay, with the main house boasting a living room on the second floor that could hold a couple of hundred people, a dining room whose table sat 100 comfortably, a guest house, what appeared to be sentry towers at the front gate and even an apartment house that served as housing when the Don’s foot soldiers “went to the mattresses,” …..the place was worth millions. Grandad gave Vito his requested $100,000 in cash and that’s how our family bought the Godfather’s mansion.

 In any case, my grandfather accumulated an enormous sum of stock and options in his company and upon retirement, he’d have to exercise those options and sell lots of stock to pay Federal taxes on the gains to the IRS. My grandfather deeply detested the IRS and loathed having to pay the exorbitant taxes on his stock. Then, an opportunity to screw the IRS came up….

 If you can remember, the 70s were tumultuous times with OPEC flexing its muscles and causing gas shortages and long lines in the U.S. As a way to stimulate gas and oil exploration in the U.S., the Feds instituted a program that allowed a 7 to 1 write off for all U.S. taxpayers to invest in U.S. drilled oil and gas projects. Grandad, hoping to screw the IRS, rolled the dice and put every dime of his 35 years of accumulated stock earnings into a wildcat oilman by the name of U.E. "Pat" Patrick. However, instead of screwing the IRS and wiping out any of his gains by a factor of 7, Mr. Patrick actually hit 7 straight wells, making a veritable fortune for my grandfather, some 40 plus years ago. Grandad’s earnings topped $50MM (1970s dollars), and Patrick Petroleum became one of the biggest independent oil companies in the U.S. and actually making it to the big time being listed on the NYSE.

 Now, of course, the money belonged to Grandad but he was nothing if not generous to our family and Uncle Dick’s family and we all received generous gifts all the time. It was kind of understood that Grandad’s millions would trickle down to his seven grandchildren (including yours truly) on a generation-skipping trust, with my dad and uncle receiving a lifetime income…or something along those lines. In this budding capitalist’s little mind, that added up to the nice round sum of $7 million heading my way someday.

 Meanwhile, I continued to think up new business ideas, which were getting bigger and better, letting my future inherited fortune remain somewhere in the background. And stay in the background it did because upon my dear grandmother’s death at the age of 75, having been married to Grandad for 50 years, my grandfather took a cruise to Greece and several weeks later announced to his family that he had made the woman of his dreams an “honest woman” and was now re-married. To say we were all shocked was one of the greater understatements of all time.

To learn more about my remarkably talented and one-of-a-kind grandfather's life, visit www.peterjburns3.com and read the start of my autobiography...which I am less than 1/3 of the way through. lol

In any case, my apparently "inherited" inclination for taking risks and flaunting the traditional path of the privileged background offered me is well outlined in the former blog post called "Pedigree of an Entrepreneur" found on the link below:

https://www.linkedin.com/pulse/pedigree-entrepreneur-20-peter-burns/

So at the age of 61, my entrepreneurial fervor continues and since I settled in La Jolla (2 years now) I have started several ventures like www.lv4less.com, www.hlcostseg.com, www.petjetstravel.com, www.financingdebtandequity.com, www.entcreditcard.com/imagine, www.aviatravelservices.com and exciting new "(ad)ventures" in Vietnam, promoting a Persian Princess's art and launching a new credit repair/enhancement and Consumer Landing Platform.

My two beautiful daughters have taken the traditional route of working after university and married, blessing their mother and me with seven spectacular grandchildren (all age 3 and under-two sets of twins). Keeping to the premise of my blog's title...my twin granddaughters pictured below may just be the ones from their generation to carry on the "Burns Legacy!"

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Posted on April 2, 2018 .

Peter and the Princess

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In my line of work, Entrepreneurial Start-Ups, I come across many interesting people and opportunities. Recently at my morning hang-out in La Jolla, I met a German gentleman, Raho Bornhurst, an online webinar producer of high profile authors moving from the traditional book tour and "live" events to online presentations via webinars. His roster of authors is very impressive and Raho is a bright and engaging fellow.

Learning what I did for a living, Raho was interested to see if I might be of help to his new friend that he had met in a Los Angeles art gallery. Samira Rostamabadi, was a well-respected artist, recently from Iran that had decided to remain in the United States and stake her claim as an "artist businesswoman." She had vast experience in all mediums of art, especially painting and had accumulated 5000 original works of art from working since the tender age of 5years old.

Samira had a remarkable "story" and it piqued my interest to try and help her with her entrepreneurial project. You see, Samira was actually a Royal Princess, the great-granddaughter of one of Persia's last Kings. She was highly educated and actually possesses a Royal bearing, evidenced by her quiet intelligence and poise. Her family had subsidized her life of producing art and Samira became enthralled with the "American Dream" of creating her own business and being financially independent for the first time in her life.

Raho felt that given my 4 decades of business start-ups (www.peterjburns3.com) that I could help the Princess so now.....I am embarking on a journey in the world of art...taking Samira's 5,000 works of art and monetizing them for her new business as well as creating licensing for the images of her select pieces as a lucrative vertical to her new venture. There is even a way to introduce an interesting process of "bundling" the rights to the images of artwork she sells to create a royalty stream for both the purchaser of said art as well as for Samira's new business.

Twenty years ago I was friendly with a talented artist on a personal level and learned that an artist always retained the rights of the images of their works of art, even if that piece was sold. I reasoned that these "rights" could be bundled with the art piece and actually "sold" to the art purchaser so as to create a royalty stream for both the purchaser and the artist selling the piece on an agreed upon and ongoing royalty split. This created the unique opportunity to have the work of art one purchased...to actually become an income producing investment through the selective third-party marketing and licensing of the art work's image. Until now, I did not have sway on an artist to actually try out my "rights bundling" project...but I do now with the Princess... because I am her new business partner. :)

So...add my first art business to the 150 or so start-ups my career as a "Serial Start-Up Entrepreneur" has produced over the past 42 years. Wish me luck!

Peter J. Burns, III can be reached at peter@entcreditcard.com and please visit his website at www.peterjburns3.com.

Posted on April 2, 2018 .

Thirty years later...Vietnam is "Open For Business" with Travel.VN...

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This week concludes negotiations that started for me 7 months ago on what is likely the largest business transaction in my 42 years of business start-ups. My chance introduction with one of two Vietnamese-American brothers, adopted and raised in the US by a US Army soldier after their family was sadly killed by "friendly fire" during the Tet Offensive, has created perhaps the single largest travel-centric business in history...certainly in the world of grass-roots entrepreneurship.

Specifically, HI-TEC, the bringer of the Internet to Vietnam over 18 years ago is the de facto, Homeland Cyber-Security Agent of the Country of Vietnam....as well as the equivalent of our "Go Daddy" in that country. The Junior Ministers of the Government of Vietnam that the two brothers started working with 18 years ago are now in the highest echelons of Government today...and HI-TEC holds the vaulted position as the exclusive provider of specific travel offerings (with nearly 1 million hotels and 150k airline flights every day) as well as being the exclusive provider of online VISA approvals to Vietnam from 40 countries (12 million per year and growing).

Here's a story about this amazing development...

This is a news story and yours truly even makes a snippet cameo at 5' 17 seconds...

https://www.youtube.com/watch?v=8tfbqkga7Es&app=desktop

Here's the "quick and dirty" on the numbers on this deal...

HI-TEK's Travel.VN is poised to become the #1 Provider of travel to and from Vietnam (12-14 million visitors annually) as well as the largest provider to 72 million in-country travelers within Vietnam each year and....the exclusive provider of VISAs (from 40 countries) to Vietnam in 2019 when the Government has mandated that VISAs are online-only...which was mandated to belong to HI-TEK.

As the one who brokered the deals of HI-TEK (through its Travel.VN site) acquiring the hotel inventory (1 million) and airline booking connection (150k daily flights)...I earned a "seat at the table" with a nice % of each and every travel dollar and VISA dollar earned from an entire country of 100 million for the next 10 years!

I would say that was certainly worth 7 months of working on this deal...wouldn't you?

Posted on March 22, 2018 .