Bitcoin Forum

UPDATE 12/29/2015

The owner of the data center as shown in the pictures below was unable to cool the space in an efficient or timely manner and we therefore were forced to move.
Our new facility is in Quincy, WA.

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Hey guys, I thought I'd give y'all a sneak peak of the Bitcoin mine we're building.
I'm excited for when we'll open our doors for hosting your miners January.

If you have any questions about the build let me know!


https://i.imgur.com/AwV1OQfl.jpg


https://i.imgur.com/NK0DJt9l.jpg



https://i.imgur.com/14XvvzQl.jpg


https://i.imgur.com/MV9gb3ql.jpg

https://i.imgur.com/T5IvAFTl.jpg

https://i.imgur.com/yjfSep8l.jpg

https://i.imgur.com/4lMlMUKl.jpg

UPDATE 12/16/2015:

We have moved from the location seen in the above pictures. We moved because the owner of the facility as seen in the above pictures was not able to cooling for sufficient for good operation of mining equipment in a timely manner as he was contractually obligated to do.

We now currently are 50 miles away at a 1MW mine in Quincy, WA.

Looks good. How certain are you on the opening date? What if you are delayed?

We've been consistently ahead of schedule the entire build and are pushing hard.
Since it's winter there's less work for contractors so they're swarming to finish our site instead.
The last thing we have scheduled is inspection on the 29th of December.

 Will you offer hosting?
 Where are you located? general a state or if not US what country not an exact address.
If you how what will you charge?
If you mine just for yourself what machines?

They have a website:
asicspace.com
price $80-95/kw/month with more undisclosed discount for >30kw customers.

Not as a criticism, but I don't get it why all WA hosting has the same price: roughly $85-100/kw/mo when their cost in electricity (2c/kwh) is just 16-20% of cost of electricity in US on average (12c/kwh). Their electricity cost is just $15-20/kw/mo vs $88 average in US.
Do they have some kind of a union there that prevents going lower?

It's the same reason you want your miner to be making more than it costs in electricity: you need that margin to cover the initial capital expense. In your case, it's the miner, in our case, it's an expensive data center meeting the needs of a speculative market.

Also, hosting in WA less than a year ago cost $200/kw/mo, then Hashplex came along and offered $100. I'm sure it's still headed downwards.

Fair enough.

 :o :o :o :o :o :o wooow
a pleasure see this pic mate!!!

Im here for a quite only but im trying to find someone trustable to invest some bitcoins

Let me know if there have space for investors.


You build the datacenter under tier 2 certification?


if no tell wich is the strategy for prevent fire, dust etc etc.

about energy nothing to say 2c.... i london 14c nothing to do here

It's easy to prevent dust with filters.
We have CCTVs with fire detectors, as well as temperature and pressure sensors. Most importantly, everything is being done professionally and 100% to code.

In fact, we put on our blog our engineer's critique of the design of that mine in Thailand that burned down. Check it out here: http://www.asicspace.com/blog/thai-bitcoin-mine-analysis (http://www.asicspace.com/blog/thai-bitcoin-mine-analysis)

We're not Tier 2 because we don't have a UPS/Generator. We do have two ISPs with dual redundancy built into every aspect of the networking. Our power grid is very stable as it's hydroelectric, and power outages are very rare in our area.

We do have a backup transformer in storage in case anything happens to our current transformer.

If you're interested in being a customer or investor, PM me.

Hey!

Nice to see people are still investing big in the bitcoin world.

Just out of curiosity what miners would you be using to mine...?

Thanks :)

is this underground?

No. Lots of concrete in this building, very good for heat dissipation.

No raised flooring? cold air from above?  

Do vents all line the exterior walls?  Just judging from the garage door, is the cold air entering from ~15-20 ft.?

are you doing hot aisle/cold aisle?

Was this building custom built?

or re-purposed with warehouse racks?

The high ceiling are nice, assuming the cooling intake is all the way up on the ceiling.

We are doing hot/cold aisle. Our engineers assure us the high ceilings and concrete will do a lot of the work dissapating the heat for us.

This Topic = Difficulty going up in the near future...

 ;D

Wow I guess your right about large, any idea if this is going to be the largest one in operation at the time of open?

Build Looks good!  I like all the concrete walls, no need for raised floors, whats your utility power coming in? 480v 3 phase 1200 amp? for instance?..

The Price seems fair too..

My Equipment is hosted in Chicago here (ultra low latency makes for great Hashing with my pool)

@ $84 per KW mo: http://coin-mining.mystarpoint.com/ (http://coin-mining.mystarpoint.com/)

Keep posting pictures.. Great seeing people invest, and I don't think we have to worry that much from the difficulty going up from one facility.. I like seeing people get
behind this.. !!!!

Thank!

We have power coming in at 480V 3 phase which we wire to 20A 208V outlets after the power passes through our transformer and panels.

Sounds great, but how many amps of 480VAC ?  Again build looks exciting.. Look forward to seeing it done.. what mining gear will you be running in house?

We have 5k amps of primary switchgear. Clearly we aren't fully using it right now.

so 5 kwatt = 425 a month correct?

I am spending about 500 a month in house during the winter months to run 5 kwatts at home.

If i sent a pm could you quote rates for 20 30 and 40 kwatts?

Our prices depend on how far into the future you'd like to pay in advance, as well as your volume. Send me a PM.

great more difficulty increases, say goodbye to stable difficulty

LOL  ;D

Pictures are great, it's good to see people are still investing on mining business. I'm waiting for it on January, I think about buying some KWs...

New Pic Up:

https://i.imgur.com/a87EpOQ.jpg

We power washed the shelves today. Time to put in circuits!

Take some pictures of the Cooling planned.  ;D

What type of fire detection tech will be used? { 24/7 monitoring }

Are you using LED's in the lights? {Extra heat, if not}

This really looks awesome..... Would be great to have "Cloud mining" backed by real infrastructure and mining. {None of this Ponzi nonsense doing the rounds}

Thanks for backing Crypto Currency !!  ;D

Edit : Only now seeing, you not going the "Cloud mining" way.. Only hosting hardware.

I hope they won't go that way, Cloud mining business didn't give much trust to people like me recently...

Yeah, I don't know why that is either.... WA is supposed to have dirt cheap power.  The pricing offered here wouldn't work out for my needs. Just some back of napkin math... Say, I take 1 antminer s4... that's 1.4kw for ~$120 a month for power, it's only going make roughly $138 a month, leaving less than $20 on the table. :/

Wowzerz

Which mining company is powering the farm??

so I assume then the venting on the side is an attempt to use force airflow for cooling.  Each pass over a hot aisle will dilute the cooling to the center most rows.  In essence you'll be fighting thermal dynamics and having to over cool (and waste much more energy) attempting to reduce hot spots in the center.  Higher hardware failures and reduced performance (some hardware will under-clock itself to reduce temp) in the center of the center aisle (or other areas, depending on how the forced flow venting is positioned).  While concrete does have decent thermal conductivity, unless the air you are pumping is warmer than the external temperature, it will actually warm the air coming from the wall adjacent venting (see 4th photo on your initial post). Essentially your venting will be cooling the wall first, then the equipment. Furthermore, the first hot aisle will create thermal turbulence in cooling airflow, thus giving inconsistent results to your cooling attempts.  This is why most data centers have moved toward something like what's in this simple image:

http://hightech.lbl.gov/dctraining/images/hot-cold-aisle.gif

now I'm not trying to troll or dig on you, more so trying to give potential improvements, but this would be an issue better dealt with prior to having hardware on the racks which will only create migration complexity in the future.  The user experience to watch out for, if this is the going forward scenario, is constant complaints of "I have 4 identical units with 1 (located in a possible hot spot) that consistently under performs."

Also, another consideration, when in a heterogeneous hardware situation (I assume you'll be hosting many different brands) and user controlled overclocking your thermal zones will be in constant flux.  I just feel concern that this will create the dreaded whack-a-hot-spot situation many early data centers  experienced.  Without a view of your actual cooling plan, I can only go by what I see in the photo.


I too would love to see these.

Edit: Great resource if your looking to leverage some free advise  http://hightech.lbl.gov/datacenters.html

Wow I'm surprised, you have nailed some of the issues our engineers were scratching their heads over. We have a solution, wait until cooling is fully built and I'll post some pics.

Please tell me you have looked into insurance, just incase, if so was it hard to get insurance?
Your putting alot of hard work and money into his and i wouldn't want to see it go up in smoke like the mining facility in Thailand.
These guys had NO insurance!
http://www.coindesk.com/gallery-fire-destroys-thai-bitcoin-mining-facility/

Yes we have coverage for fire, theft, and electric surges for the full market value of all our customer's equipment in the data center. We're insured through Farmers.

5000 AMP SWITCH gear you boys are serious.  480VAC.. 600VAC is where it is at!! GO CANADA!! lmao. 

Thanks for the pics looks good!!

Hi Endlessa,

I ran your thoughts by our top engineer and wanted to share with you the following response:

Your thoughts here are all valid, and indeed, likely correct or improvements.  In fact, there's nothing I would even disagree with or argue against, and most of these are things that I myself have considered and either brought up or opted to deliberately not mention.  There are a couple of mitigating factors that you may not be aware of:

#1 - The exhaust is all very high up, about 70 feet with a colossal amount of total cubic feet to distribute heat.  As you no doubt know, heat rises, such that even in short distances the ambient temperature difference between floor and ceiling can be high.  This will strongly work in our favor by causing a large pressure differental between the heat exhausts and the cool intakes(down low) even without fans.  The question will be how much, and that is what we are going to find out; it is very difficult to calculate with all the added variables.

#2 - Hot spots.  We actually have a *lot* of control over the power and heat density of our equipment.  We can respond to hot spots not only by adjusting cooling, but also by adjusting miner's physical locations and/or densities, something datacenters cannot do.

#3 - We are specifically not doing things that datacenters do for a lot of reasons.  While it is easy to look at this situation and come up with improvements to efficiency, much more difficult is pricing out the total cost of various options, including labor, later adjustments, failure rates and scenarios, and regulations(Raised floors aren't actually cheap, especially not if built per code), and making the right decision.  That isn't to say that your ideas are wrong, or that our process is the best.  There are just a lot of things that go into the conclusions.  Every large scale Bitcoin mine I am familiar with(many) has been built for far less than even cheap datacenters, even after accounting for inefficiencies and later improvements needed.

Drastically changing our approach so late would cause us to not launch on our promised deadlines for our numerous signed customers.  Ultimately though, it doesn't matter.  We won't be forced to- we are working with an industry expert with a very large amount of industry cooling experience across lots of industrial and commercial setups, including datacenters.  Our agreements are such that they are on the hook- REALLY on the hook, not just some legal we'll-sue-you crap- for any inadequacies of the cooling.  With no upper limit on the cost- if they found that a raised floor was necessary, they'd be on the hook for it.  Conversely, they made the design decisions regarding this after carefully evaluating the costs.  I've reviewed their design carefully(With your same thoughts in mind) and confirmed that any cooling inadequacies that occur can be fixed by scaling and building a few cost-effective components.  We are intentionally launching in the dead of winter which will give us ample time to experiment and improve before peak temperatures arrive.  We already have improvements planned and specific measurements that will tell us which improvements we need.  We also have some climate advantages with our particular setup specifics that work in our favor.

tl;dr: I agree with your thoughts, but it isn't necessary as others are on the hook to ensure temps are appropriate, and plans are in place.

Hey, I climbed up a ladder and took this pic. Nice angle, eh?

https://i.imgur.com/x51m4Xg.jpg

Here is an idea for you, in this video check out how our data center Cold Isle setup is done at economic cost..  We use standard clear acoustic ceiling tiles to contain the cold air from the raised floor and distribute hot air up high to be drawn in by two liebert downdraft 30 Ton AC Units.

http://www.mystarpoint.com/datacenter/ (http://www.mystarpoint.com/datacenter/)

What do you think?

Yeah I figured cost effective measures and timeline were the constraining factors :) lol aren't they always :)  You're right, in that you have plenty of time before the external temps (I think the worry starts around july).  There will be some low hanging fruit you can do as the heat encroaches.  Those metal doors would be priority to seal and insulate, that would be my first target in the coming months.  Running Insulation to the thermocline (heat/cool barrier, should be somewhere around the dark line on the concrete in your latest photo slightly above where the cool air outputs are located.  Both easy and cost effective solutions. 

Also an added bonus, those overhead, what I assume are wire runs, frames would work well for dropping vents above cold aisles if thermal turbulence prevents airflow.  Shouldn't be an overly expensive solution, if you find it necessary later.

I would suggest buying a bunch of cheap digital thermometers, if you don't already have a more sophisticated solution.  1 per rack section and a clipboard patrols/recording (I love low tech solutions) should let you moderately trouble shoot your arrangement.

Great timing on hitting this in the winter :) It will give you plenty of time to observe heat distribution while you still have plenty of cooling bandwidth before summer.  I hope some of this is useful for you and wish you the best of luck.  If you ever want to bounce ideas, just send me a PM.  I love this stuff.  Keep up the good work.

pretty empty.

how mw ventilation do you use for how much mw mining gears?

Hi asicspace,
I'm from europe so it's quite a hassle for me to organize miners, suitable psu's and probably accesories etc to be shipped to your place. Do you plan to offer all-inclusive packs, which contain one unit of a popular
miner model and, say, 12 months electricity? After that, the customer can decide to have it shipped
home, put to garbage etc. That would be really interesting for me.

I'm not quite sure what you're asking - but I'm interested.

Have you considered purchasing a miner like the antminer s4 which has a PSU included and shipping it directly to our facility?

Yeah something like that, but it'd be even easier if you can care about all that logistics
and just quote some total price. Than I can pay you X $ and have an s4 (or
whatever) running from jan 1st without messing with the antminer shop, having the UPS guy
call me when he cant find your factory, all that stuff..
Probably that's asked too much and you're not interested in retailing miners, though..
Edit: Even better would be the spondoolies 15xsp20 pack, but they ship without psu..

Sorta like a group buy. You buy a pallet of miners, then sell them individually for a small markup. Both Spondoolies (http://www.spondoolies-tech.com/products/sp20-mini-farm-batch-1) and Bitmain (https://bitmaintech.com/productDetail.htm?pid=00020141129151711180IEnkaYyy0700) have bulk orders for sale. I know I'd pay a little extra to know you already have it in stock and can fire it up immediately.

That sounds like a cool idea. If someone wanted to partner with us, they could send us a pallet, then resell them at a markup, I'd be happy to transfer ownership of the miners to the buyer.

lol. those pictures looks great man, gz about it!!!


yeah i want to know it too

Btw diff will grow up soon, as i suspect :P

Installing transformers now.
We have eight of them.
Check it out:

https://i.imgur.com/10dtb0N.jpg

The power!! You gonna try power factor correction?  Curious to if a mine runs a capacitive power factor.

We don't accept miners which don't have power factor correction in their PSUs.

The updates are awesome.  I'll be interested in seeing more pics for sure as the finishing touches are made.

Are there any plans to allow tours for the hardcore interested?  I visit family up there quite often and would view an opportunity like I did when I visited the BTC ATM installed near me (Mountain View, Ca) - Completely unspectacular but awesome as hell.

I'm not dedicated to the notion...; )

I have mixed thoughts on this. Our building is made of concrete, has heavy doors, has no windows, has security, motion detectors, CCTVs, door alarms, etc. so it would be very difficult to break in and steal anything. PM me and I'll see if we can work something out.

Just added cloudrigs to the website: see: http://www.asicspace.com/cloudrigs/

Hey guys, got some new pics today.  :o

This picture really shows the massive height of the space.
It gives you an idea of how much space and concrete there is for the heat to dissipate upon.
https://i.imgur.com/AwV1OQfl.jpg


Here's a picture showing the full layout of the racks from above:

https://i.imgur.com/NK0DJt9l.jpg

Another picture showing the vertical height of the room:

https://i.imgur.com/14XvvzQl.jpg

And here's showing the space from the corner:

https://i.imgur.com/MV9gb3q.jpg

Wooow nice pictures , can I ask you  : which hardware do you want to buy ?

Wow!  Thanks for the pictures ASICSPACE, it looks awesome.  I wish you were closer so I could visit!

Please keep on posting!

With all the giant mining company under construction, why did difficulty drop? I just don't understand...

Probably the shutdown of units like the S1, S2, old school rockminers , etc.

paycoin!

Wow great looking building - arnt you worried about btc continuing to drop? Just seems like a big investment.

Great for bitcoin that people are still making investments like these

I see Jared is aboard as well.

What edge do you have over Daves mines and the Wenatchee location that you copied the idea from: https://megabigpower.com?

Well if you want to get technical, Dave's mine is in East Wenatchee. He's paying more for electricity over across the river than we are.

We have the small advantage of no lethal exposed hot conductors.

Also, I'm not sure how we copied his idea, since we do hosting and he doesn't.

Whats the rock bottom price, say with 0 cost for the electricity to actually not profit ?
 I thought it was in the low 300's but I was wrong.

is it profitable to make such mines when the price of btc is down?

In countries with low electricity costs it would be profitable.
But after halving next year, it would be hard to say so.

Reward-Drop ETA: 2016-08-01

Long time to profit from now till then.

I can't understand something...

Using this (https://bitcoinwisdom.com/bitcoin/calculator) calculator, I can't find profit until the start of 2016...
Putting in the S3 ready to use at the price I see on the site, I see profit in february 2016, with a 1% diff increase. But the agreement time is one year...
So?

Currently without difficulty changes being taken into account it would be about 243 day ROI which equals about 300 dollars profit on your contract ammount plus you can resell the miner or AACOINS will buy it back from tou for reasonable fair market value.

Oh thanks for that info. I thought it was happening sometime next  year end or beginning of 2016.

http://bitcoinclock.com/

2016 08 01 is that 1 of 08 or 8 of January?

First of August.

He's been there for over a year and a half, hence you moving out there to copy his model.  

They started offering hosting last march.  

"lethal exposed hot conductors" - ha ha! Nothing is safe.

looks interesting. thanks for sharing!

wow this is huge huge mine , difficulity gonna increse for sure

Q : which hardware u gona use ?

This looks incredible, good job! I wish I could undertake a project like this.

That's up to you! We're not mining for ourselves (expect for the personal miners I have in my house). We do colocation: you send miners to us: we host them :).

So basically you offer $0.12 price for power + colocation which is nice considering $0.1 regular price for home mining at many places.

If you'd like to pay a year in advance, I can do better than 11 cents/kwh.

We're not too worried. Our electricity is very inexpensive, those few cents that we're cheaper than everyone else amount to close to $30k in profit each month.

I think $.10 is pretty standard pricing for miner colocation these days....    

http://coin-mining.mystarpoint.com      

Our pricing has been like this since the beginning, datacenter has been here in Chicago since 2004,  
but you buy power for half the price!  Wish we had that pricing!  $.06 per Kwh here.  

 ?Gonna be exciting to see your launch!  You get those Transformers humming yet?

Chicagoleo

A few more pics:

https://i.imgur.com/EeCWxFu.jpg

Here are the transformers outside our building. 4 MWs of transformers. They transform the power from 13.2 kV to 480V.

https://i.imgur.com/3tPE5HT.jpg

Here's a close up of our cable trays. See the individual cables if you look closely. Each cable has seven conductors: three pairs, with each pair powering an outlet, and a ground.

how much capital to make such a

This looks amazing.

So how did it go today?

The inspection date got bumped up a few days.

Don't cheap up on the racks, you don't want your farm to up in flames because you used wood.

Btw, do I see an Owl on one of those wooden pillars?

Thats the power company mounting those Transformers, standard power line poles is what they use many times as seen here..  Thats just the way they build, cant do anything about it, but there is nothing wrong with it, non conductive, treated wood.. (and the Plastic Owl is to keep the birds away.. )

CL

this whole thread looks sketch

Care to elaborate?

Haha, wait until the 20th of Jan when we put in LEDs and Blacklights =).

i'd love to come up and see it , come down to OR see mine , compare notes , see some synergies :)

Haha, how big's your mine? and how much you paying for power?

2MW deployed , room for lot more ... as for rates, we can talk more privately , but if you have the avg "good" rates for around Wenatchee, I'm probably 20 basis points over ur rate , but then I don't have Sales Tax on lot of items , so prob parity :)

Are you going to allow visitors to your site?  I live about 70 miles from your site.  In fact I'll be in wenatchee tomorrow....and every weekend the Wild have home games (season ticket holder).

I'm not really concerned about security. We just installed CCTVs today. Our building is made of concrete, no windows, with doors with heavy bolts. We also have door alarms and motion sensors.

Are you willing to sign an NDA?

Robert

NDA -  no problem, I would absolutely be willing to sign a non disclosure statement. 

Life long resident of NCW.  Born & raised in Quincy, about a 1/4 mile north of Microsoft's data farm.  Did some work on Yahoo's data center.  Lived in East Wenatchee and Wenatchee for about 20 years.  Live in Grant county now.

Shoot me an email: robert@asicspace.com

This mining farm will be an epic fail soon, as BTC prices continue to fall.  Someone will lose a lot of money on this project.

We have about a third of the mine sold, and it hasn't even launched yet.
I think we will be ok.  :D

I'm commenting to add my watchlist ;D

I'm interested, looks really good you got there!

We launched yesterday. =) It's great to see all of the spondoolies and bitmain miners arriving. We've been able to deploy fairly quickly, and we hope to provide remote access for our customers pretty soon.

We want to see pcitures  ;D More more more!

This looks pretty cool actually. Where is this located(country wise)? Someone should set something like this up down in Australia!

I'll get some more pics up soon! We have miners now!

We're in Washington state, USA!
Made in 'Murica.

Power costs are much higher from what I heard in australia  probably why this hasnt happened yet. In Washington state theyre paying somewhere between 0.02 usd and 0.04 usd per KWH in australia the cheapest power ive heard of is at least double the 0.04 usd

You launched? That's cool!

Where do we sign up and invest?

ASICSPACE,

I would love to build your internal tool for managing these devices :P

We pay .21 per kw down in Aus. That is residential. Not sure if you can get cheaper power on industrial or business contracts/packages.

amazing farm

i really want to invest to legit farm like this

will follow this thread

Yeahit's crazy the prices in different parts of the world!

That's why places like ASICSPACE are good for the community because 30.5(days in a month)*24(Hours in a day)=A 1Kw machine using 732Kwh/Month
Your power cost $161
Your Power cost @ ASICSPACE as low as $80/Month

Much higher chance of ROI!

Just out of curiosity when do you think you have covered your investment and expenses at these prices?

Fascinating, but this system is not going to have a pressurized hot air / cold air isle containment? Your airflow may have potential issues, have you considered the combined CFM of the individual miners creating static pressure bubbles?

One way we overcame a lot of our cooling issues was simply tripling the average CFM to KW standard that most data-centers use.  By removing heat rapidly from the environment (think wind tunnel) we have had 0 cooling issues.  How have you accomplished this or expect to accomplish this in your open floor / white-space model?  Hot-spots still exist, and blow back is your biggest enemy (when miners pulling air into hot air isle exceed CFM airflow of supply) they basically then push hot air back into cold isle and suck it in again (thermal loop).  You won't notice this until you start to get to at least 50% capacity.  Just wondering how you guys deal with that aspect.

Based on your pictures it doesn't look like you have the ability to control direct / localized regions they way you describe.  While you might be able to adjust cooling capacity to a particular area, the effect is cumulative.  It really comes down to gross airflow, and what you're describing doesn't directly correlate to the individual miners CFM flow - that add up to be a lot more than you think.  For example 250 S5 units have a CFM cumulative effect of 30k CFM, only pulling about 100kw, calculate that at a megawatt level, 300,000 CFM worth of airflow generated by S5's for 1 MW of power....  If you can create a wind tunnel effect, and have 300k CFM being generated by larger blowers (more efficient than 250 - 90mm fans) you can reduce the amount of power draw and rely on larger units.

It also means customers units stay cooler and work more efficiently.

Just hoping you engineering team considered this on the design for your circulation of the airflow....  Perhaps I'm wrong and you've modeled this more, just going off of what I saw in the pictures.

I am not affiliated with ASICSPACE just copying something from an Earlier post it seems to me with he amount of money they would have to invest into this property they would have thought this through. If you go to the second page of this thread there is a lot of information from them on cooling arrangements as well as BTCtalk members suggestions.

yes I read all of that, that's why I was posting the direct question to them on that.  Its something that we learned very early on doing this in a containment situation, power efficiency is best spent getting larger air handlers to move the air, as opposed to letting the individual units run the 120mm / 90mm fans to circulate air.  Plus if they do, the event I described above occurs, you end up with a massive blow-back that causes your units to cook.

In a non containment scenario, the airflow is just too difficult to direct most of the time and you end up having a lot of hot spots, even with moving the physical equipment around. I've been doing some consulting and looking at private firms designs and ways to improve them, that's why its really interested in everyone else design.

Not saying the design is flawed, more of saying that Bitcoin heat generation is very different than standard IT equipment to look at.

I expect Cointerra learned this in spades when they were using the C7 Data Center folks to host their equipment. It appears that classical Data Center management and infrastructure are not optimal for a Bitcoin mining operation. Way overkill in many ways, including costs.

that is why tier1 and sub tier1 facilities are the way to go for miner hosting. aside from both needing internet access and both being computers, bitcoin hosting is nothing like normal IT hosting.

What machines you will use there?

All of their room is for rent, they aren't hosting anything in particular, Well except for the fact they have to be ASICS I think.

All very impressive but is this still viable with the current price? I would have though investors will be very nervous right now.

Do you have any pics of the miners running?

glad to see that old building put to some kind of use, losing that plant was a big hit to the area. my friends dad worked there for years as a forklift operator.

Hope, this mining farm will be at least 1 year with such price and hashrate difficulties...

12-month pre-payment plan ($80/kwh), 2 TH/s:

If you have the most efficient miners at .5 J/GH, income is $137/mo, hosting is $80, you are sitting at net $57/mo.
If you have the average miners at .7 J/GH, income is $137/mo, hosting is $112, you are sitting at net $25/mo.
If you have old miners at 1.0 J/GH, income is $137/mo, hosting is $160, you are sitting at negative $23/mo.

and that doesnt include hardware either. seeing as most miners are at least $500 + shipping. that leaves you with negative numbers, even at $80 a month.

your reply doesnt exactly make since because thats how an investment works. If you have a 1,000 investment plan that can garuntee you ROI in the first month its a ponzi or similar scam.

If you mine in 90% of the US in your personal home with personal power rates your ROI chances will be slimmer than with ASICSPACE

Take a look at your power bills if your paying more than 0.1 a KWH then your paying more than asicspace charges you and you also have 0 insurance and you must listen to your nagging wife/gf about all the heat and noise of your miners.

An antminer s5 at asicspace will ROI in about 8 months if the price stays as low as it is if it goes up then your looking easily at 100 day roi (normal ROI for ASIC mining equipment at least on all of mine)

If nothing changes all year (price or difficulty ) youll make 200$ easy with an s5 and a 1 year contract at asicspace.

To someone who has already bought their miner, what they paid for it is a sunk cost. The question is can they save money by switching to us? For a lot of our customers, the answer is yes.

i think you proved my point with your last sentence... IF nothing changes you'll make $200, thats a big IF. I'm not saying you will/should ROI in a month, as you seem to presume. im doubting you will ROI at all in some cases, regardless of whose service you use. I understand perfectly the point in using a hosted service for those that are not located where power is cheap, in fact i would question the logic of anyone NOT using a service that can save them both time and money at the same time.

But how do we know that it is real pictures?

Are you guys still continuing with the construction operation even after the price drops ?
Just curious, how profitable is mining now days ?

I have no affiliation with acIcspace.  However they did allow me to visit the almost completed facility 2 weeks ago.  Yes, I can tell you it is real.

What kind of vibe did you get from the place?

I am a licensed electrician, so I paid extra attention to the electrical work.  It is all first class work, done completely to NEC code.  All brand new electrical panels and transformers.  All wiring is in trays or enclosed in emt.  Usually if you look inside of a breaker panel, it looks like a jumble of wires.  Here all wiring in the breaker panels is prescise, wire are bent at 90 degree bends.  Even better work than I do.  Definatly quality work on the part of the electricians.

The facility is an older building, that has been closed for 10 or more years.  I was familiar with the building when I was given the directions to find it.  It is concrete tilt-up construction.  The part of the builing complex they have located in has an extremely high ceiling, 30 or more feet high. The heat will naturally raise up above the racks of equipment, even before you take into account the hvac system.

The only thing that appear to be brand new in the facility was the metal racks.  They looked like they might have been used, but I don't know that.

If I wanted to place my miners in a facility, this one would definatly one of the finalists to pick from.  Asicspac's is proud of their facility, and they should be.

Yes, it looks like they are about to lose a lot of money...

I visited their site last week.  I am not an electrician and did not look inside the panels, so I can't comment about what DirTdel said about the wiring as I'm not an expert in that side of things, but everything else he said I can confirm.  It's a real place.  There were already lots of equipment from various manufactuers already there and running (lots of gear made from China and Isreal).

The funniest thing (to me anyway) was that there was about 30 or 40 BFL Monarch's that a customer sent them, but didn't realize they needed to provide their own power supplies or a computer of any kind to connect to the USB ports, so they were just sitting there waiting for the customer to ship them the power supplies so they could plug them in.  It's surprising to me that a customer would jump into mining by buying so much gear, signing a hosting contract, and have absoutely no idea what kind of equipment they were buying and what was necessary to hook it up.

Good place!!
And good luck with your project

I wonder if any of the massive company's are actually making any coin or profit now that a lot of pools and miners are switching off due to the prices crashing down and diff spiking insanely high. No doubt some will if free energy and lots of investors to cover them for low times like this. going to take some serious work to get prices back up if it continues to fall. I bet some coins that a new coin will strive in 2015 for a new altcoin to over take the BTC market if it continues on down trends.

Please dont ever talk about investment again, you're a clueless moron.

There is something called " Risk". Investment is about Reward/Risk. You're all talking about reward like its a sure thing.

Welcome to my ignore noobs

The next question they should ask is..... what do they have as a guarantee that you dont close down and take their hardware? even if you agree to ship their hardware back, the cost of shipping alone (round trip) would negate any saving they have from electrical cost.


In other words: they take MORE risk to send hardware to some guy on forums. I dont care if you post pics of your mansion and mistress. Your company is younger than my pimple.

He should leave them off. He'll only lose more money by turning them on.

Do you still have room, it's been quiet here
Barbara

We still have plenty of space, so we'll be dropping our prices from $80-$95 to $75-$90.

In fact we're still expanding the site, we'll be putting in about ~400 kw over the next two months.

You've had a pimple for 11 months? Really should have that checked out by a dermatologist.  ;D

interesting what will happen with this "btc-plant" when bitcoin will fall to the bottom and will finished to be relevant

I agree, some people has just allowed this bitcoin craze to drive them to insanity.

I bet Steve Jobs were called insane and crazy as well. In fact any pioneers in the eyes of general public are crazy.

Thats why most ppl are just followers while only a few open the path.

Oh dont worry, its gone... just like your company will be soon.

PS. nice ignoring my point idiot.

Oh you mean when you asked what we have to prove that we can't simply disappear and abscond with your hardware?

 I mean we have professional contracts, people know us and our location, etc., but in any relationship you can get screwed over and legal action is a pain in the ass.

We're hoping by building good relationships with customers and being open and honest we can gain the communities trust. Any suggestions? Feel free to visit us and our facility. :)

you really think that inventors like Steve can be compared with "air traders" like most of clients of this forum ;)

If your cooling fails you will find that the concrete might work against you for a few days afterwards. 

I design data centres for a living, or at least that is one of the things that my company does.

We've been called into DCs with completely failed cooling to provide advice and found that concrete walls can take up to 4 days to cool down from peak ambient temperature.  This puts huge load on your cooling when it comes back online again.  One medium sized concrete DC I remember had a total cooling failure for 24 hours (the customers didn't power down for whatever reason) and the walls stayed at 40 degrees celsius for over 48 hours.

Assume that thick concrete walls will act as storage heaters if something goes wrong and factor that into your cooling calculations.

As for high ceilings, I'm not sure what to think.  I've always been schooled to minimise the volume of the area to be cooled but maybe there is something to be said for a convective tower effect.  It seems a little non standard to me though as airflow is king.  Might you consider putting in a false ceiling?

Hey guys,

Just wanted to join in and say that I've currently got a bunch of SP20's mining in these guy's datacenter. 

As far as customer support - they can't be beat, they set everything up for me and there were a few issues and they took the time to make sure everything was running perfect, I was pretty much completely hands off.

Profitability - I was happy to see that I was still turning a small profit when bitcoin hit its low last week while several of my other mining investments went negative.  Right now it looks like I'll get my ROI in 5-8 months depending on BTC price which is better than most of the cloud services out there (a lot of them are creeping up on 12 months).

I've gone over their contract and it's legitimate and legally binding, they're not trying to hide their identities either which is a good sign.

That being said I think we all know that crypto-mining is incredibly risky business, so don't expect to get rich quick.  Just wanted to give these guys a shout out because I'm very pleased with the service so far  ;D

-wonko

So how much would it cost in total to host the sp20 mini farm (15 sp20s all pulling around 1.2KW(1200 watts))

How about PSU's I assume those would have to be shipped as well ?  Sounds really risky to send all that hardware to a hosting company with no guarntees

Depends on if you'd like to prepay your contract or not.

Prices range from:

$75-$90/kw/month

We can source PSUs for about $76 each for the SP20.

I can give you contact info of a few customers which have done that and send you some pics.

PM me your email and I'll shoot you a sample contract.

Thanks!

Robert

This mining farm is another case of too much, too late in the Bitcoin game.  

Everyone go back to page 1 and see the photos of the place under construction.

Now imagine the place mostly cleared out, empty, devoid of any ability to mine Bitcoin.  Random trash and shelving pieces litter the floor.

That is what this place will look like in less than two years.

And I also ask the question - why should the investors have any confidence that the people in charge of this place simply won't disappear with the mining hardware?  What is in place to force them to stay and mine?

I have predicted it here, check back later to see that I was right.  Bitcoin price may have some ups and downs, but over the next two years it will slowly but steadily do a lumpkin dive into unprofitability.

Quite possibly, which is why I wouldn't prepay for a five-year contract. But if I buy a one-year contract, I don't really care what happens two years from now. Next year when the contract expires, I can re-evaluate whether I think another year will be profitable.


That I doubt. There's a high likelihood of a price spike in the next two years that will bring mining back into profitability, since the price can spike much faster than the difficulty can (bringing lots of miners online is much slower).

I don't have the funds to prepay $90/kw/month is what I pay to run my miners from home so no point in hosting right now

So $80 per KWH is like $0.12/KwH

Don't most people in most places have cheaper electricity in their private home and at least cost the same?

The average rate in the US is about $.12/kwh, and that's not counting summer cooling costs, so yeah, it's about the same. But, the average home is very limited in power capacity, noise levels, etc. Sure, you can host a terahash or two, but not much more without a lot of effort.

We go as low as $75, which is about $0.10 per kwh.

Cheaper to just buy most coins now...

I visited the ASICSPACE facility a few days ago and let me say it was clean! These people know what they are doing and did it right. They will be hosting quite a smorgasbord of miners for me while I get my own facility operational. They passed my own inspection with flying colors, very professional layout and very cold. HVAC is all there and very massive and impressive. Good job on this facility.

Are they capable of deploying Gen4 miners ?

If by Gen4 you mean super efficient miners that are yet to come out, it's impossible to account for everything that may happen in the future. But that said as long as they still require electricity and cooling in mass, of course they can.

I don't think miners would use the normal miners to mine specially there won't be a long term ROI, so we probably need something new in the mining technology.
has  there been something above ASIC yet ?

There is no such thing as "above ASIC".

Whats the total CFM capacity this facility has?  Also, what type of 'cooling' infrastructure do you have to keep all these miners cool? Evaporate cooling only? What do you expect your intake temperature to be with the maximum wet bulb during the year?  I have no doubt when its 30 degrees outside you have no problem keeping this place cool, but based on your design you don't have controlled hot air isles.

Honestly it looks like this place and all the equipment is going to cook when the temperature reaches 75 degrees / 80 degrees and they have 1mw of active miners running... Once you reach the tipping point, the temperature will rise indefinitely until units are shut off... 

Do you know exactly how many BTU's only 1 mw of equipment will put out? 3,412,142 BTU per hour, that takes, 285 refrigerator tons to cool....  With no redundancy...  I'm sorry I look at that ducting, and it appears no rhyme or reason was put into the facilities air cooling capacity layout... I've spent tons of time in data-centers before, and this thing looks like a disaster when your ambient temperature and wetbulb start to hit your summer months...  Its one thing if you have duct-ed / forced airflow and can provide 200cfm per KW (150cfm is standard per kw in normal environment) to dissipate / remove the heat out rapidly (200,000 cfm for 1 mw), but I can't figure out how you will accomplish this in your current configuration...

I mean I'd love to be proven wrong here, but what type of capabilities does your environmental system have to actually keep this equipment cool outside of the winter months?

Let me tell you, next gen systems like spoondoolies etc, hate it when the temperature climbs above 80f - 85f degrees

Funny you ask about HVAC.  We conducted a white smoke test yesterday, analyzing the airflow rates and patterns within the space and mechanical systems.  The testing involved a 20,000 CFM white smoke machine.

Here are some videos:

https://www.dropbox.com/sh/tfh7kv34et3pqcj/AADbk68adixTPU5s6JdPDu88a/MVI_4159.AVI?dl=0

https://www.dropbox.com/sh/tfh7kv34et3pqcj/AABZgB2Cv4XRMwqopQO4ANiqa/MVI_0094.AVI?dl=0&m=1

We have acheived this with only the HVAC for the first phase of our deployment. Will double the capacity of both supply air and exhaust air before the summer, as well as add several 60 ton compressor based AC units. We track hotspots based on a 3D grid of temp sensors we have in the mine, and will be adjusting ducting and containment to deal with any problems.

As you can see, the 20,000 CFM of white smoke clears in a matter of seconds in these videos, which is a visual verification of the fact that the room is changing air at the shelf level every 5-10 seconds currently.

For the entire second half of that second video, what am I supposed to be seeing?  Nothing changed.

All right ASICSPACE, here's your chance to prove to me that this hairbrained scheme will work.  Answer my questions.

How much money did you spend renting this place, buying the miners, and building all this crap?

Who paid for it?

How long do you expect ROI to take?

With bitcoin difficulty already sky high and price low low, who among you thought this was a good idea?

I hope it works, but I see a financial failure in the making.  Like dmward's half-assed idea, but on a larger scale.

It's good you have a lot of questions.

I'll let you know a bit about the economics of our wee venture.

Bitcoin could plummet to $40 tomorrow and miners here would still be making twice as much $ as their power cost.

Can you say ca ching?  8)

http://www.touchtapplay.com/wp-content/uploads/2014/11/bitcoin-billionaire-cheats-619x346.jpg

We have only built out 20% of the capacity our high voltage transformer provides. We bring power at 12700 volts direct to the complex.
If any investors want a piece of the action, my email is robert@asicspace.com.

Hi,
 I have hosted my S4s with them.  They were operating within hours of when they received them.  They have offered me tours of the building and I will go after the roads are better.

As to the risk, life is a risk. I don't depend on the mining money to live on.  If the whole thing crashes I am out a few K, but if coin goes up I am going to be in place to capture some.  Lets face it, if you are going to wait for the coin to go up then get in you might have a few surprises.  Miners will become hard to find, and more expensive. Look at the last spike Bitmain quickly raised the price of the S5s and have not dropped it.

I am not wiser than anyone but I thing there is too much money in new investments in BTC to let it die. 

I can remember a long time ago I was playing with Vic 20's and Commodore 64s, there was another company named after a fruit, I was younger and I knew everything, I could program the computers. I listened to others, we felt that other than games what good were they.  Besides with all the business were using mainframes.  Why would a home user ever want to have a computer?  We declared home computing dead before it ever started.

 I had some k to invest, and decided to put it in the company that I worked for and not Apple.  A few years later that company went bankrupt and my stock became worth 0.   Every time I look at the price of Apple I cry..... 

I could afford to loose the money then, and I can afford to now, other wise I would not be playing here or in the market.

I wrote this to support Robert and ASICSPACE  I could mine at home for less, but I want to have more miners than my Condo can handle,
I could find a old office, upgrade the power put in AC.  But it is cheaper to put them with Robert and let him deal with the issues, my miners are insured by THEM and not me.  My temperatures are all in the 40's. 

I also have miners in my house, and I have rented miners in another place they are hashing on my pools.  I What I am saying is I am mining, covering my expenses, and having fun.  So if it goes up, Great if it crashes, I will survive, my grandkids while not get as much but I will have taken a swing at something that I felt was the next big thing.


Remember Babe Ruth also held the strike out record.

Happy Mining and thanks Robert for risking all and building a place so close to me.
Barbara

Funny how people want to centralize every aspect of Bitcoin.  I say if these mining centers are profitable at $40 per BTC, I hope the price falls to $20 per BTC.  This type of centralization to enrich the pockets of a few is exactly what Bitcoin is against.  I'm constantly surprised by people's willingness to kill what they love in the name of greed.

+1 I totally agree with you. People prefer to break the great aspect of bitcoin for money.

OgNasty and Valkir,

 I 100% agree with you that we need to keep the mining decentralized.  

ASICSPACE is not in control of the rigs that they host, they make it available for people like me that want to mine at a larger scale then I can at home.  I have control of my rigs and where they mine.  As do all of the other folks that have miners hosted there.  I am trying to get up to 30th and that I can not do at home.  I mine on the pools I want.

I pay them to host my miners, they provide Maintenance, insurance, cooling and electricity for the money I give them.  They are in business to make money off the miners and not by mining.  To me is seems a win-win, I help keep the network going, and they provide the space for me to do it.  

Everyone is saying home mining is dead,  Well I know the noise and heat got to me rather quickly, but I see the importance of having independent miners on the network  Robert and ASICSPACE sees that as well, if home miners give up the big guys win.  Robert is just providing miners with a place to hold the miners.  

So I consider myself and others that host with various co-location services as home miners with a very large shed out back, with  all of the power I could ever use.  We are in control not the people that host our equipment.

Barbara

Nicely said, and also the fact that not every place in the United States or where ever you are living has 0.05 per kw. Someone like me who has 0.15 per kw would prefer ASICSPACE, not only do they have cheap prices, great customer services, cooling services for better hashrates, and on top of all that insurance on my machines with a contract signed. Where else can you get insurance for your machines if I may ask? If it burns down at home your house and your machines are a goner, no insurance given.

Is it possible that I just buy the miners online and send it to your adress, then you host them for me?
If yes, pls PM :)

You gotta read between the lines....in fact even btc price drop to $0, they're still profitable. Its the suckers that pay hosting fee take the lost.

Its funny how he said that in a cocky manner.... prove how dump general bitcoin miners his suckers are.... They paid for something with a hope to gain back what they spent.

What percentage of the network do you think these guys can host? Looking at the pics, I would guess no more than a few percent, if that.  
Is that "centralization" ? IMO thats no more centralization than the fact a similar (or actually, higher) percentage of the network might -by pure chance- have been powered by the same electricity provider or ISP 4 years ago.

Is there insurance against fire? I did see pictures a mining center burned to the ground..

that picture is from an asian-based mining farm, where they used a lot of wood and A LOT OF SPONDOOLIES miners WITHOUT airconditioning to cool those miners down...  :(


I'd say that this setup will be better protected against fire, because they dont use that much wood and instead use more metals and concrete

cut the crap mister!

there was no wood in there and SpondooliesTech visit that farm and confirmed that there were air cons for lowering the air temperature

is not nice to lie ;)

I am seeing multiple times the name of IBM is coming to the Bitcoin space. They are attending Bitcoin conferences, distributing Bitcoin at universities etc. I dont think a company IBM will do anything not for profit. Given their legacy dominance in hardware and more specifically mainframe (though it has nothing do with mining), I think they might be working on some better chip design. If that is true, once that chip hits the market, they'll be monopoly.

Bitcoin needs to be kept decentralized.  That is the whole point of it!  Therefore, this huge mining farm must be destroyed.

For everyone thinking of pissing away $100 by sending it in for hosting fees in the futile hope of breaking even, much less making a profit, I am starting up a special mining lottery.  It works like this.

Everyone who wants to play will send me $100 on PayPal.  At random, I will choose one person out of 10 to receive $200, 3 to receive $75, and the other 6 out of 10 don't get jack.  Those are actually better odds of doubling your money than any mining operation can give now.

PM me for PayPal details.

While I won't comment on the financial sense of the hosting offer, I think it's utter nonsense to consider this "centralization" of the Bitcoin network in any way. Unless I misunderstand the offer, the hosting facility exerts zero control on what pool,  or even what coin you try and mine. The offer is for space, electricity, cooling, and Internet access. This is distinctly different than cloud mining, or any of the mega farms created by the various ASIC companies.

Since the equipment is mostly agnostic of it's state (no memory, hardisks) an outage should only affect it as long as it takes, due to no mining during that time slice.
A network server needs recovery time to get puffed up again, somewhat different.

In an ideal setup just the temperature differences should be enough to drive the airflow. Not even vents needed, and their power costs (low, mostly investment)

Not sure if this came up in previous replies but have you guys considered Solar? Sure it won't pay bills but it can definitely offset in the long run. If you ever decided to abandon ship and sell the site, its a good investment. Even if not sell the site, use it for smaller purposes, you could probably fit a massive system on the roof there.

Washington State, don't think Solar the best investment you can make up there: https://www.google.co.jp/search?q=insolation+washington+state&biw=1366&bih=683&source=lnms&tbm=isch&sa=X&ei=oD3XVJ2eMtXe8AWVvoL4AQ&ved=0CAYQ_AUoAQ&dpr=1

http://i.kinja-img.com/gawker-media/image/upload/s--vxmgcr2C--/c_fit,fl_progressive,q_80,w_636/pepxlzrotfmujmjwjp0c.jpg

this farm is the farm I was talking about, it seems to me that it had some wood in there, but if you know better/the truth, then I have to correct my posting :)

and, well the picture tells the truth, atleast to the matter of space between the miners(none) to get the airflow going

The space in between might have been bigger before everything sagged down onto a heap of debris.

Wooden structures, insects settling in because of the warmth, you imagine the outcome. Seen other farm where dust was settling down on literally everything, causing fans to fail. Probably you wanna have artic climate and concrete.

Joe Average's plastic crate encased miner on the balcony at home has one advantage, that of steady maintenance.

insects settling in because of the warmth << intresting, didnt think of that

You're right, it was a bad combination  :-\

Hi All!

We just upgraded our cooling: check it out. :)

https://i.imgur.com/HoqoBSN.jpg

That is awesome!  :o

Cant wait to see more pictures. Great job man.  ;D

Quick question will you also sell miners or we need to ship the miner to you ??

I may be interested if you sell miners.

pictures of the miners?
please!

That looks absolutely incredible. Keep up the good work.

While I like the general idea of Solar, it doesn't cut it for something that's running 24x7 year round, as most miners are. The best you could hope for would be somewhat less than "50% mining" at the Equator using Solar. Unfortunately the Bitcoin difficulty adjustments also conspire against a fixed energy supply like Solar.

I am seeing multiple times the name of IBM is coming to the Bitcoin space. They are attending Bitcoin conferences,
distributing Bitcoin at universities etc. I dont think a company IBM will do anything not for profit.
Given their legacy dominance in hardware and more specifically mainframe (though it has nothing do with mining),
I think they might be working on some better chip design. If that is true, once that chip hits the market, they'll be monopoly.

this is awesome. wish I could afford something of this size...

I wouldn't read too much into IBM's name showing up related to Bitcoin. They do a variety of things that don't always lead to a "product" (e.g. a miner). While they have good technology, I don't think the existing ASiC vendors have a lot to fear from IBM. Just my $.02.

IBM only interested in the blockchain Technology.  They are exploring ways to implement the blockchain Technology into current fiat system.  I don't think they are after bitcoin or Asic designing.

Want to see a video of the mine?

It's much cooler and gives you a sense of the raw scale much better than any youtube video photo.

Check it out: https://youtu.be/lMq_TmqRGDk

Robert

Nice video but so damn shaky camera work. Made me dissy.

I am surprised you are able to pull a profit with a place like that. Rent and electricity must be very expensive.

More Pictures!  ;D

https://i.imgur.com/Hcjylpa.jpg
https://i.imgur.com/PS2xB4m.jpg
https://i.imgur.com/kAsVv5W.jpg
https://i.imgur.com/9Wl60ol.jpg
https://i.imgur.com/lI37y37.jpg
https://i.imgur.com/n6VJIfZ.jpg
https://i.imgur.com/DaQvOKk.jpg

Nice facility! Just paid someone for a nice video  ;) It could help you!

Washington seems to be the place to be for electricity price!  ;D

What is your rate per KWH?

Thank you.

Im not in Washington but after a quick google search, http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

Washington seems to be near 4 cents for commercial use!  ;D

This is really good!

Im in canada and get electricity near 6-8 cent

I am in Canada too and I pay 10.2.

Im in Montreal and paid a fix price for electricity. Plus I have solar power.

Where are you ??

Used to live in Cashmere just west of Wenatchee on Hwy 2. Just wondering what the building used to be cause it looks like a fruit warehouse or juice plant that went out of business.

really big farm, how many tera there are supposed to be there at the end? also your current price and total cost of that thing? i'm just curious

Very nice operation... thanks for the updated pictures...  ;D You seem to have a very well thought out ventilation and heat extraction system.

What is the average ambient room temperature with that setup?

This is the future of mining and the only way to compete with the Chinese farms.  :(

Greetings Bitcointalk members, thought to drop in to inform that phase 2 of the build-out is nearing completion. We at Asicspace will have 700+ kw available for your miners.  Fill out the order form via asicspace.com or PM me directly for direct correspondence.
Kinds regards,

Asicspace Team

Wow, looks great.   The cooling is fantastic.

What are those units with the black radiator looking things on the ends?  Water cooled units of some sort?

The whole place looks like an elaborate, expensive, well thought out place.  Now all it needs to do is become profitable.  It will have to mine a hell of a lot of bitcoins just to break even.

looking real nice! I just think i just came.

those sp3x remind me a bit of the burnt mining farm in thailand

you could expand a lot on vertical, like 5 or more times? :o :P


the hobbyist is totally out, it's more and more a game for big boys :'(

That, and also constantly checking and replacing faulty miners or any malfunctions in pools/hardware.

Remember they will be running miners of other owners too. They make money selling space, service, and electricity. Doesn't have to me a miner either. It could run a big-ass server or 1000 too :)

I personally think the size of it is too large to become profitable any time soon. I am currently working on 1/10 of this operation and numbers are already impossible to Pridict. I work with an industrial rate of 3 ct per kwh. Maybe your much more optemistic about mining overall or you find a lot of beginners trough your extraordanary well built production plant. Please feel free to share numbers :) I think lots of us want to know

While ASICspace would have the definitive comment, I thinks it's worth noting the difference between a hosting facility, and a cloud mining facility.  A hosting facility doesn't actually own the mining gear inside, nor do they receive any Bitcoin from what is mined. They are paid in whatever currency they work out with their clients, who actually own the mining gear.The hosting facility supplies electricity, cooling, Internet access and so forth for a price. In general they don't care at all about the price of Bitcoin, or difficulty, or the price of mining gear. They probably do have to provide some level of hand-holding for gear that needs attention for their client. Their revenue is derived entirely from what their clients pay them to host the mining gear.

A cloud mining facility looks very similar, though it's more likely to have more uniformity in the type/kind of mining gear inside. The big difference is that the cloud mining facility owns the mining gear, and receives the Bitcoins that are mined. Because of this they really do care about Bitcoin price, difficulty, and the price of mining gear. They have to cover their expense out of what is mined, and whatever they are paid by their clients. It's a really different business model, though at a gross level, the actual facility looks virtually identical to a hosting facility.

I think ASICspace is a hosting facility, NOT cloud mining facility.

I think it might be a bit of both actually.

That's interesting. Is that a client of ASICspace that is a cloud, or ASICspace itself? Clearly ASICspace does hosting, I just didn't think they were a cloud at all, though I could easily be wrong.

Only cloud in the way that they probably have their own miners running. I wasn't meaning to say they offer cloud mining services for customers.

Only noticed the most recent pics now... What an amazing facility they've got going on there! :)

Preparing for the next boom.  It takes money to make money.

i wonder if they lost power last night, there was a big fire really close to their building yesterday afternoon/evening.

its also going to he a hell of a hot summer up here in Central Washington, should be a good test for their chimney design approach I hope that AC does its job. we have already had 70+ degree days up here this year.

no power redundancy, no backup internet service, or really anything else that a normal hosting facility would have. coupled with the fact that there are about half a million square feet of brand new, world class, tier3 datacenter space within 20 miles of their location... i doubt they have any other options for clients.

Beware: Asicspace got huge problems with their operations, long downtime, heat problems, router and network issues and not to mention bad customer support. Not to be recommended for the time being. Will update if this changes.

If other customers here are affected, please contact me. Might be, that we need to take joint legal action.

If true, how disappointing.

Yes, unfortunately its pretty bad.

I am not even sure at this stage, if there is a datacenter at all.

We made a contract with them for 100 S5 and since our upfront payment, nothing ever worked, no deadline was ever met and since two days, communication ceased to exist.

Beforehand, we got a lot of emails and phonecalls, if we get the contract done and if our payment has been done. After the contract had been made and the payment was done however, we had a hard time reaching anyone at all. Deliveries were late, PSUs had been shipped late, PSUs weren't cramped in time, heat was suddenly a problem, network routers that were faulty were suddenly a problem. And since 2 days, their EMail server seems to be a problem too because I get no reply any longer.

Of course, I would love if I am proven wrong and everything turns out to be human errors and that they manage to get their operations up and running again.

But for the moment being, I honestly cannot recommend this service. Lets hope everything works out as expected and that I will be able to reverse my opinion.

Did you purchase and send 100 S5s to them or did you rent 100 S5s?

Where's the butter for the popcorn?... This should be good  :P

Popcorn yes

Good is not how I would describe it but I know what you mean.

*sigh* I hope and pray that this is not another scam.

Scams are going to bring regulations so stringent it will drive a lot of ingenuity out of the crypto space. Scammers are the enemy.

We did pay upfront for a leasing term of 12 month, so they could buy the hardware. We are in Europe, so shipping would not be an option.

I did see the hardware being shipped by tracking code and had access to all purchasing documentation. So I strongly believe, they have bought the hardware.

I also believe, that they have the best of intentions but at some stage during the last two weeks something must have become royally fucked up.

I think, they have just the wrong strategy to deal with these kind of problems. Instead of providing full transparency and realistic deadlines, they probably believe themselves, to get all issues solved by magic overnight. I could live with a realistic estimate, that says we need to wait two more weeks. But constantly moving deadlines is the worst case.

I think, that they probably fucked up measurement of their cooling capacities, network bandwith and whatever.

As said, can't say for sure, as they do not communicate since 72 hours.

I duuno how hard it is to set it up. All is a pretty straight forward process. I am of the opinion to never pay upfront for something from someone that does not have a track record. They have to earn that level of trust. For example, Bitmaintech. I have no problem paying them upfront. Their track record speaks for itself. You probably should have used their mining service. Yeah I know, hindsight is 20-20.

Well, for us it was simple: We never had any issue with any american company we did business with, ever. So that was the upfront credit of trust we gave them.

I would have expected this shit in Europe, where you should trust no one but germans and scandinavians ;)

So, I still hope for a wake up call for those guys. It is not too late after all.

Well, I think it is only fair to state, that they now provided an update on the situation, which reads in short as:

- the network crashed
- it had to be rebuilt and this work has been completed
- adequate power, cooling, and networking to hash has been restored

There seems to be a particular problem regarding spoondoolies remaining, which may require more invasive procedures (reflashing).

There is still non of our S5 online, but I keep you updated here.

And you're stupid enough to believe that steaming load of horseshit?  They ran with your money, man.  They will keep making these lame network crash excuses as long as you are willing to believe it, to give them time to bail with your dollars.  I have been telling people for over a year here not to buy ASICs, and people call me a troll and like that. 

This is just the first step of me being proven correct.

And you know how people say "I hate to say it, but I told you so"?

Well, I do NOT hate to say it!  I TOLD YOU not to do it, and everyone trashes me for it!  I am now being proven right and am laughing at everyone dumb enough to piss money away on buying ASICs.  This especially includes dmward.

Matters seem to stabilize now. We have like 20% of hashing power online.

So, IMHO any take-the-money-and-run scenario is off the table.

What remains is the impression, that their business is being run by inexperienced rookies, that are making their first attempts at running an operation of this scale.

I value their courage and hope, that they get everything straightened up by this week. I am always for second chances.

I will update, when we see 100%

A good sign. Keep us updated.

Not really. After some mails last night no contact for the whole day and no improvement of the situation either.

So, for the moment: Keep your hands away. They seem to be to be overwhelmed by their troubles and their incompetency in solving any issue in time or proving a reliable ETA for resolution is no foundation at all for new customers to consider their services.

Need to find a good lawyer in Washington State, so if anyone got any recommendations ;)

Are there other agencies to whom this should be reported? As it is B2B I guess no one is really interested in pursuing this other than us taking this to court?

wow nice whats it going to start at 70 PH or more ?) .

No way to know, since it's a hosting facility, and not a private mine. Also based on the comments from the last few days, it may be at closer to 0Ph for now. Nice pictures, not sure about the actual result.

Either the mining facility has a good internet connection, or they don't.  Either they have electricity, or they don't.  So where does this crap about 20% hashing power com from?  If some switch gear failed, all they need to do is reprogram / replace the affected switches to get it back online.  That does not take days, unless they had to order parts.

With every passing day I grow more suspicious of this big farm's ultimate goal.  Part of me wonders why they would do that extreme amount of work if they intended to scam and run with the money and hardware in the first place, but who knows, maybe someone there has a drug habit / gambling problems / went to jail / got a pregnant girlfriend / changed their mind.

I have no money in the place, so I have no stress about it.  But I'd laugh my ass off if the people running that mining place made a final post showing empty racks, all the ASICs gone, stuff strewn all over the floor, and a message saying "thanks for the free ASICs and money, we're outta here" or words to that effect.

The only ways that I can think of to only have 20% HP is because they do not have the infrastructure to handle the power and/or not enough money to pay for it or the power bill.

If I had to guess, I'd say it is a cooling issue. Temperatures are just cracking 20 degrees there. They're dependent on AC, and seek to "cool the room" rather than an air flow design. Keeping the room below 30 degrees when its already 20 outside would be an incredible struggle.

We see, that they did put some more machines online, like 5 or so. So, out of our 100 S5 there seems to be 23-25 online.

We have a call tonight, I will post the answers to the why's here.

It's rather shocking to me that someone shipped tens of thousands of dollars of hardware & paid upfront however much more the year of hosting was to a Company that only existed in some pictures on BCT and a web site that anyone with more than 5 minutes of practice could create.

Ya rly.

Anyone thinking of spending X amount of dollars on ASICs should do this:

Take (X/2) of the dollars you were going to spend on ASICs, and Paypal it to me.  Then don't get any miners.  At least that way you will still have half your money and you'll know exactly where the rest of it went. ::)

I've been to this facility at least a half dozen times. Not only does it exist but they are a legit operation. I'm sure BTC crashing to where it is now hurts because most of the installation came before this, when the math was better. They are hosting a number of machines for me until I get my own datacenter online which will be very soon now. As far as I know the recent issues was a network error that also propagated to all SP20's to require a reflash on them all. Not a job I would want, especially with an inbox piling up fast with legitimate complaints. I'm sure they could hire a customer service team to handle emergencies but then goes whats left of their profit margin. This is why I am planning on my mine as private, maybe a few larger clients that understand shit happens, especially when you are running the 'budget' type of datacenter. Not to say its 'budget', but face it, it ain't no Microsoft and they arn't charging those prices.

Wither or not you find it profitable to mine or see a possibility of a profit has no bearing on the topic at hand and only serves to troll.

And before I get accused as a shill or fake, here is a picture of my data center under construction. That is two 500KVA 480/208 transformers. Yes there is alot of work to be done.

https://i.imgur.com/waMGOqP.jpg

Good for you, LordPaco!!!

I would personally like to see some more pictures as it progresses, please Sir.  I will be heading out your way from Alabama very soon.  I'm not saying when, but it is soon.  I decided not to spend money on doubling my power at the house since I was planning on moving to Washington State anyway.  My plans were to move there the 3rd or 4th quarter of this year.  I might be moving much sooner now.  I have my reasons that I don't care to mention here.  

I would be starting with only 100 TH/s that I will take there with me in an inclosed trailer.  I was very close to leasing a building in Moses Lake until I found out I would need a minimum of 200kW demand running 24/7 to enjoy a 1.8 cents per kWH + demand charges, taxes and fees.  If one has less than 200kW demand, they will pay double that rate at approximately 3.8 cents per kWH + demand charges, taxes and fees.

I would order another 175 TH/s shortly after I arrive there.  It will take a little time for them to arrive after I order them.  I'm not saying where I will be located yet.  It may be two locations in the beginning (house and a building) until I can earn more $ to increase the power in one of two buildings I'm looking at.  One building in Chelan County and the other in Douglas County.  I'm not giving the city yet.  I'm also familiar with Chelan county PUD's moratorium on more than 1 megawatt at one location as well.  I've been doing my research.

Anyway, back to your place:  I like what you have going there.  It looks like you are looking to get serious like myself.  I'm not doing any hosting.  I will only do private mining for myself as well.  The goal is to have 1,000 TH/s minimum by the time the blocks halve.  We will see how it goes.

Good luck to you in your venture.  Maybe we'll bump into each other some day in the future.  I wish you prosperity and a smooth start in your venture.  And please, keep me posted with some pictures, Sir.

David

LordPaco, I think you're a fool to even begin making another huge Bitcoin mining operation.  Have you not been paying attention to the prices, difficulty, and troubles of other mining farms lately?  And every dollar you spend buying everything you need to begin mining, is a dollar further in the hole you are starting out from.

Profits?  What profits?  You won't have any for a LONG time.  Stop now, because I will be here to say "I TOLD YOU SO" when you go bankrupt, just like I have said about dumbward and Asicspace.  Surely you've read on the Litecoin forums and here about how JRose120 made a complete ass of himself and then went into hiding after he pissed away $50,000 of his cousin's money?  Well not so much Asicspace, but they are along the same lines of not making a profit anytime soon.

And absolutely nothing in the photo proves it is your datacenter.  That could be anyones' building anywhere, not even related to bitcoin mining.

And I think your an ass for your assumptions.

I don't have to share any of my math with you. You can believe what you want. In fact it is a very good thing for me that you believe the way you do, so please keep thinking that way. I also hope you continue to spew your vomit because it helps me as well.
Here is a picture of a cropped screenshot of the ebay auction for the transformer on the left in that picture. Try to find a 500KVA 480/208 for that price. You wont.
https://i.imgur.com/6s494M1.jpg

Here is a picture of about 15% of the shelving we will ultimately need as we build to capacity. Also you can see in the back 3 400A panels uninstalled, a 600A breaker in enclosure.
https://i.imgur.com/BvAr39c.jpg

Here is a older picture of just 150 3KW server power supplies, they sold originally from IBM for $1950 each. I paid on average ~35$ each for them. To the right you can see my crappy asicminer prismas that I bought from a group buy here. There is a reason they are sitting there. You can see a few of my 3 phase 60A IBM PDU's. They will monitor and record a dozen parameters on each outlet and can pull about 20KW each. I bought most of these for $40 each. Good luck finding them now I bought them all out of the market and they are only available for over $300 a piece now and I have 50. They came with 20feet of burly 6awg 4conductor cable hard wired so it saves quite a bit cable cost too. Oh, and it's the shitter on the other side of that wall.
https://i.imgur.com/ltQNuwn.jpg

I have good friends and family that help. I won't be putting all that shelving together. For example my brother in law, made this enclosure for my ammeters so I can see amperage on each phase. I will have one of these on each 400A panel, there will be 6 of them.
https://i.imgur.com/PDbuVgv.jpg

Sorry ASICSPACE guys for jackin your thread. I'll start my own when I think its time to show people how to build a mine junkyard wars style.

Damn!!!

Looking nice, Man!!!

You can bring it over to "Miner Photo Porn" if you like:  https://bitcointalk.org/index.php?topic=766998.msg11178205#msg11178205

If you don't wish to post there, could I have your permission to share this post you made in the "Miner Photo Porn" forum?

Additional discussion on the ASICSPACE situation is in the following link:

https://bitcointalk.org/index.php?topic=1036376.0

I don't know if dmwardjr and LordPaco will continue posting pictures of their adventures here on not. I also don't know if ASICSPACE will post further info here or not. Not a complaint, just a statement of what I don't know.

I hijacked this thread enough already. I just came here to say I personally know this place to exist and these guys are trying real hard to make it work. They have been very open and transparent, at least with me.

atill going w a fake thred / mining center. either way bad business move this will never roi until we hit next ath. if they can manage to hold onto there coin for that long barring....

cashing it out for roi

scandal

wallet breach....

if it is real goodluck. hardest part will be storing and cashout out the coin

then you still have to worry about uncle sams firey dragon breath, and the banks ahutting down accounts the list goes on and on and on....

imo not worth the time hassle money and financial risk IF it is real..

which i doubt

None of which applies here, as its a hosting centre for other peoples miners, not a private farm for investors.

wow, nice miner setup, im wonrdering how much it will make per day, i think around 10 btc per day, maybe more, i can just guess ;)

ChineseSavior - you need to breathe and get some oxygen into your brain before you apply the metacarpals to the keyboard............... My guess is your not a Process Engineer or Coder - Logically speaking of course.

Biffa - Quality, clean and logical PWNGE!!!!!!!! I laughed for ages after i read your post! :D

I say hats off to all people for the awesome and constructive actions and thoughts to this thread.  Coming from a Data Center and Server Support occupation, i think i need to be alone for a while with this thread............... :D

A+

Looks great! I'll be keeping up to date!

 :o OMG this is huuuge!
You guys re doing some fine work. Will maybe rent some GH  ;)

Who did they fire and why?

I wouldn't be privy to any of that information except for some rumors. I can say I picked up all my miners from them a week ago hassle free and all my equipment came out the same way it came in and they had them sense January. Not even a power supply blew up and I have a pile of those all dead. Actually I attribute that to running those badass 2880w power supplies they are stout haven't been able to kill one of those yet. They have a new customer service guy and he was very friendly and helped me load up my miners. The crew working on the A/C and ventilation ribbed me for taking the miners the wrong way, little do they know they may likely be at my site soon enough.

I wonder why it was necessary for them to work on the A/C and ventilation?

Was it because they were responsible for destroying customers equipment in their overheated datacenter?

My equipment was running right next to those S5 when they allegedly got too toasty. Not a single machine of mine was damaged, power supplies just as solid as ever and all of them are still running as I type at my own facility.

I feel bad for the guy that has his machines damaged, but I honestly don't think it was any kind of intentional or willful neglect of oversight. Even though I no longer need a hosting facility I would have no qualms using them again, even after this incident. Kind of like how Jack in the Box after the ecoli incident was probably the safest fast food place to eat.

It appears more then allegedly - https://bitcointalk.org/index.php?topic=1036376.msg11238845#msg11238845

Overheating to point of damaging gear does not happen in one day.  It would have been noticeable on heat increase, and heat should be checked.

Having a data center you are agreeing to host peoples gear.  You have a responsibility to keep environment safe.  If it was something out of their control it's a different story.  But reading temp's and even adding cooling gear if needed before hurting gear is well within what is expected.

I've read that thread - and yes what you see there are allegations. You may have skipped the part where I said my own machines where sitting right next to the lot of S5 that had problems, when they supposedly had problems, but for some reason my machines have received no damage while in custody of ASICSPACE. So sorry for the other guy, but I'm happy my machines are more stout than his and survived the apparent  ::) inferno that ASICSPACE runs  ::)

Hi can i have replies for those questions :
Where is this build , (is that because of electricity cost), also I would like to know how much
will this totally cost and how much time will take to back ROI . what type of miners hardware
did you use ?

Bitcoin Boy .

Proof?

Because you said so I have to believe it?

More likely that the units got fried and these people are responsible and fixing the problem given the report from Toomin.

And you didn't answer the question why the 'retrofit'?

Obviously there were issues.

I'm not sure I can provide you with any proof that would suffice given I can't go back in time and take a picture posing in front of both machines with a time on a card. I never took any pictures while I was there out of respect. I can only show you a picture of the machines they hosted for me running at my 1MW facility still under construction. There are two electric services at my building so while the 1200A 480V service is being built and not currently energized, I have a wimpy 400A 240V service I'm tapping. The picture is a little old one rack has not been hooked up yet but it is now. The S1's in that picture were never hosted by ASICSPACE, that would have been a loss obviously.  It's worth noting my most temperature intolerant miner would be the cointerra, overheating if the room just goes over 80F, and I have logs showing a stable hashrate on it for months while at ASICSPACE.

https://i.imgur.com/QUSMnMc.jpg

Re the retrofit it should go without saying; it is not a tier I datacenter and should not be expected to be built as such. I don't think there is a bitcoin mine on the planet over 1MW that doesn't need modifications to airflow after the heat is there. You can use smoke bombs all you want, use some formulas that make you look like math Jesus, and try to predict what will happen before the heat but you never really know until you put it into place. I would be more concerned if they were not constantly looking for ways to improve their airflow.

Hi LordPaco...

Like what you have going on there.  It will be interesting to see what you do when it gets to the point of having to do something to deal with the heat.  Good luck to you, bro!!!

I don't need to do math to see that one fan in the air is not near enough.   An asic data center getting exhust out is important.  

Unless they changed their design and added a lot of extra gear that picture shows something not setup for a large quanity of gear.  If they kept adding gear it's not surprising they would need a retrofit.

Unless there is a lot of gear behind where person is standing that we cannot see for ventilation.

I'm sorry you may not be fully reading the thread at hand. The picture you see is my facility and has nothing to do with ASICSPACE. Of course what you see is inadequate for any kind of ventilation we haven't even begun to modify it for our purposes. We will be pulling 16 strands of 500kcmil aluminum XHHW wire from the 1000KVA transformer outside the building to the service entrance inside tomorrow. Spent the past two weeks cutting concrete, digging ditches, placing conduit, inspection, refill the ditch. I ordered 1000ft of 6awg tray cable to feed the 48 60A/3P IBM PDU's on friday. I have my PCI-E cable assembly line together, with an automatic wire cutter/stripper machine. Over 20K feet of 16awg wire for PCI-E cables. Those are in rooms behind me in that picture. Also have the office room back in there and just put in a fridge and microwave so now there is a mini kitchen. My HVAC crew is on standby, we just arn't there yet but getting all the closer. An unopened bottle of silver Patron is on the counter waiting for the install of miner #500.

Looks and sounds great, man :) Just give me enough notice in advance and I come over to join you in your celebration ;)

Hey thanks man! Of course you are welcome to come and help us extinguish that (and more) bottles. And honestly, sorry about your miners over there real shitty thing. If it happened to me you better believe I would be writing dozens of rants here. Its taught me one lesson building my facility: watch for network storms and use appropriate switches. Not saying that was the cause but that did cause them to go offline for a short time and can be a PITA to troubleshoot and diagnose, especially when your network is ginormous.

In an effort to help mitigate that for my own facility I bought 52 about to hit the dumpster HP Procurve 2650 switches (48ports each/manageable) from the University of Florida @ $17 each. The money I used to pay for them is going to help pay for a centrifuge for one of their research departments.

wow mining scams

Yeah, this topic should be retitled "how to piss away lots of money on a bitcoin mining operation WAY too late in the game, over a year after bitcoin price peaked and isn't likely to go that high ever again, and all the things I'm buying now are only putting me in debt while I have only a mild chance at best of recovering my expenses through mining bitcoins, and that is if the difficulty doesn't rise and the price doesn't fall.  Otherwise I am screwed".

And if the electric company changes their mind on my billing rate, it is game over before I ever calculate one hash.

http://i0.kym-cdn.com/photos/images/facebook/000/044/778/hatersgonnacat.jpg

I'll refrain from posting my electric rate, or the historic yearly electric rate increase from 1960 to now, or any valid refutations to a pessimistic troll hiding under the all-seeing vigilante bridge.

More than just haters... people with a clue giving their expert opinion.



Your competition? No haters just realists.

 ::) ::) Yet my miner's survived the ASICSPACE inferno. I could give a crap if you believe me or not. Damir got let go from ASICSPACE a month ago now, that's old news! He was only the spokesperson going around to conferences anyhow as far as I know. I'm not going to say anything about the boys at ASICSPACE or their build, or the expense of except for the fact they treated me very well as a client. Not that it matters as far as I have heard they have been at capacity for awhile now.

I suppose the dozen PM's I've received over the past month wanting to have a piece of my bathtub is a sign I'm doing it all wrong. (And to all of you guys, let me get my bath tub holding water first and then let me look into it.)

I have multiple businesses, employ several dozen people, and pay a lot of taxes. They are even managed well enough it allows me to take on even more. Not sorry for the cocky attitude I've worked damn hard and still do to say that. Every one of those businesses had a multitude of doomsayers with a chip on their shoulder when I started them. I'll post pictures pulling the 16 strands of 500kcmil wire here soon enough. Haters gunna hate.

Your quote Bick must have a mistake. .3USD is not a good rate.
Even if it was a typo to .03USD I will still beat them. After demand charges and taxes which they may not be including.
I also tend to ignore expert ::) opinions and discount any further criticism from them when I hear 'bitcoin is crashing and going away'

Yawn. Do what you gotta do. Believe what you gotta believe.

Ahh, the power of a decimal place.  0.3USD/kWh is VERY HIGH, it's what I pay here in southern California.

I'm sure they meant 0.03USD/kWh...

In Hawaii I think it is something like $0.35 per KWH.

http://www.coinfox.info/index.php/en/allnews/25-company/2066-chinese-wallet-service-builds-new-bitcoin-mining-station-near-tibet


 $0.03 USD. (https://twitter.com/ofnumbers/status/600455744865964032/photo/1)


How many petahash you got? Large? Ya ok. LOL.

This is what you think you can beat compete with?

http://i230.photobucket.com/albums/ee106/PFC4L1FE/WallFarm_zpsejf2kcrr.png

http://i230.photobucket.com/albums/ee106/PFC4L1FE/3centskWh_zpsi2vauqtd.png

Wonder what the cost of their rigs is?

Evaporative cooling already installed.

Dirt cheap no doubt at cost for their miners. This one farm is a significant addition to the network your hobby farm is cute and far more expensive to cool and set up initially. Good luck you need it.

See how much they they will put on the nextwork?


Yours? 2x or 3x production cost easily after shipping and set up.

Evaporative cooling in the mountains? ....

that .03cents electricity is nice :D

I'm glad you can do that math for me (and them).  ::) I am under NDA not to discuss my miner situation so sorry. Shipping is less than X% miner price though. I didn't know I have to be bigger than this mine to mine anything at all. Of course there are going to be tons of mines bigger and badder than mine. (haha good pun!)

1. My power costs are still cheaper (and by a large enough margin to make a difference especially at scale). And that includes taxes and all. If they are just reporting energy cost it is likely the actual cost is twice what they state.
2. My power reliability is amongst the most reliable in the world
    because of the area there is little to no natural disasters, unlike earthquake prone Tibet. It is why Google, Yahoo, and Microsoft are my neighbors.
3. Multiple redundant fiber optic lines + dark fiber availability. This too.
4. I get to live in the good old US of A and not behind the great firewall of China
5. I get to salvage used server equipment for almost free because I live in datacenter land and they upgrade every 5 years no matter what.
6. Option of using it as an actual datacenter with some redundancy modifications. Unused 'dark fiber' is a public resource here, not a good ol boys network only deal.
7. I get to help build the bitcoin community, in America, instead of internet armchairing, polarizing the community and generally spreading FUD and hate.

I am sure you are under NDA.

Yup.

So were Matthew Carson and Terrence Thurber. Know those guys?

Fill your space.
Make your claims.

We will see where this ends up.

You won't be holding anywhere near 2.5% of the network.

Who says I need 2.5% of the network to make this work? Yes I am under NDA (in regards to miner pricing) the difference here is I am not asking for any of your money. I will fill the space shortly enough. Try to place any large order yourself. You will find a NDA is the first thing thrown at you.

That isn't the only such set of buildings out in the hinterland powered by 'unregulated' coal or hydro.

When I was out in Hong Kong last year met a few people and one in particular that was simply sourcing and brokering locations just like this for people looking at the cheapest set up in the world for farms. Mainly fabricators / wallet providers or exchanges like those pictured have been setting up for over 2 years now in situations just like that. If it isn't big enough you ain't making shit your economies of scale need to be sufficient to compete against these farms in China. Whoever your NDA is with I am sure they have more NDAs with people moving the same product to Sichuan. Good luck but when you start seeing claims like yours you know something ain't right. Sounds all too familiar.

These sites are sprouting up all over where unregulated power can be sourced. One little quonset in good old oregon/washington etc ain't going to be able to compete no matter what claims are made things since Sichuan are probably cheaper by factors compared to anything in the good old USA especially with regard to miner production and shipment. But I guess that Guy at Spondoolies is wrong or has changed his mind since last year.

 A month later, what is happening with cryptocurrency mining in China? August 2014 (http://www.ofnumbers.com/2014/08/26/a-month-later-what-is-happening-with-cryptocurrency-mining-in-china/)



Your NDA which has a version of the Chinese style shared plan with company X (Avalon likely) that provides miners is nearly a year and a half behind the Chinese and you don't have cheaper hardware or space or electricity which means you won't have profit. See BitFury Georgia DC as the example that be comparable to anywhere in the US as you would both have to have units (chips or miners) shipped from overseas / overland from China. Bitfury was not breaking even in 2014... how are you going to break even in late 2015 or 2016 with sharp downward pressure still on bitcoin price? You won't. Cost of bitcoin production anywhere with anyone, even for the most efficient and cheap hardware fabricators, is greater than the current value of the Bitcoin being mined. Just one more sustained price dip and a few more Asicminer like disappearances will happen. You are going to lose whatever you invested most likely unless you are selling cloud mining to someone then you are still going to lose your shirt no one is going to buy your cloud mining.

Why do you have such an involvement in telling someone else how much they are going to fail?  He's got a plan for what he wants to do, it doesn't affect you, there's no need for your negativity.

Opinions are not welcome here?

Oh I am sorry where is that written on the thread? Did I miss that somewhere? Only rah rah cheer cheer is it?


I think when people start using the NDA card and the wonderful plan we have is far better than what is going on in China because China is behind the great firewall etc... you need to have a long look at what they are trying to promote.

I post to add what I have learned from some of meetings and players I met have told me. All the power to him to prove me wrong. If you post claims in public don't expect everyone to be all happy happy joy joy. Sometimes people disagree and have a good line of argument why. I see a lot of certainty coming from him. Anytime I have talked with anyone with experience in the bitcoin world the thing you can bet on is uncertainty and you had better be careful not to overreach. This guy is way too optimistic.

That's an awful lot of assumptions there. So many it made me chuckle. I have S1's that can profit here but not for long. But it would be silly as hell to run anything that inefficient or plan for it. I wasn't born yesterday. Those huge guys stuck with the old stuff only helps me. I appreciate your concern. At least I don't have to worry about competing with you.

I think you need to worry more about your own vision not what "competition" you think you are in.

This ends badly. All it takes is a $100 Bitcoin for the next 12 months to wipe out a major portion of the mining sector top to bottom big or small.

Those guys with "old" units either dump them for e-waste get the scrap value and retool or sell them on the Chinese market or keep running them on the cloud hashnest style... or like Bitmain to those who might still mine at home lol.

What are you going to do when you get your units? Jump for joy that they are over priced and inefficient compared to the better units your NDA partner keeps for their bigger client with the huge farm in Sichuan? We do remember the Bitmine debacle I hope?

Wish you the best of luck but if you are going to be getting product and it isn't spondoolies or bitfury I suspect you might not be happy with less efficient stuff that is over priced.

I can pay the bills at less than half that amount at the current difficulty. And your right it will wipe out a huge chunk of mining. Even alot of those chinese farms. The one quoted above is the first one I've heard of under .05kwh in China and Bitmain would have to mine at a loss or have a huge fire sale. Point is my power rate will ensure I am one of the last standing in that case. Nothing risked, nothing gained. I never said anything about going in debt to do this.

Your assumptions regarding my miners are way off target.  :(

Like I said I wasn't born yesterday and I've been mining for many years now. I also got ripped off from BFL pretty good those bastards. But only once. Hashra got me too. I am familiar how scam ridden this sector is. That's why I am very careful to say what I say and ensure I only say it when I can prove it. I designed and engineered this whole 1MW layout myself. Scouting, procuring, permitting, site layout, coordinating with the county. It was not easy getting the county to sign on. Amazingly enough I am still under budget, except I am overdue :-\ I've also been invited to many large scale mining operations and had to sign a NDA to visit some of them. You don't have to believe me the proof is in the puddin' and I'm full steam ahead. Life is also happier when you are optimistic or at least see there is half a glass of water in there rather than half empty.

I've been telling these people for over a year that they are pissing their money away and they refuse to listen.  Bitcoin price has gone in only one direction -- DOWN.  LordTaco and Dumbward are the two biggest failures-about-to-happen right now.  They will be the next JRose120's.  They max out their credit cards and dump their life savings into it.  They try to justify it by saying they can make money at $100 IF they have cheap electricity, or they can make money if they keep selling the old gear and buying new every few months.  If you have to do that, it's a bad deal!  One of these days they will wake up and there will be some big new government report about restricting or limiting bitcoin, the price will have crashed to $96 and dropping, and they will think "Tim was right".  I got out of mining after the price peaked.  I played with alt coins for a while then got out of those too while I could still sell my GPUs for a decent price.

And WHEN (not if) Dumbward and LordTaco fail, I'll be the first one in line to say "HAH!  I TOLD YOU SO!!!"!  ;D

More money than brains.

You've been waiting three days to post that I'll bet.  :D  Feel better? Regardless what you think of the outcome I will continue to post my exploits with industrial server computer equipment brought back from the dead and repurposed for something productive yet again. I am building, creating a space that can be used for many things not just miners. Having access to 1MW of power at half the already cheap commodity rate is nothing to laugh about no matter what the current plan is to utilize the energy. If you can't think of how to make cheap energy work for you then your a real idiot. The assumptions upon further removed assumptions and one track minds is so sad you can't see the forest through the trees. You will never make a buck with that attitude unless its somebody handing it to you for wages earned. Have fun with that.

well i guess at the current worth of bitcoin no one wanna mine more the bitcoin,now there are a lot news coins coming that may reach a sucess in short time,but well for some reason they wont sucess ,even stand more than 1 year... soo nowadays mining i guess no longer profitable.

Bitcoin just has a large market share at the moment and gets most media attention. There is no reason why another coin would not get a larger market sharing if it has great features and marketing. A lot of those coins simply offer no features over bitcoin and have no community, which is why they don't last very long.

yes. but that wont happen anymore. bitcoin is not just a coin, it is a network.

http://en.wikipedia.org/wiki/Network_effect

This topic sure got quiet.  I presume the mining operation failed and the mine owners stole everyone's bitcoins and took off?  I saw that coming but you all ignored me and called me a troll.

How about you, Lord Taco?  I presume your half-assed attempt at opening your own bitcoin mine also met with catastrophic financial failure.

Good to hear about this.
But have a doubt how btc will be investes in this.

Any update for launch date? I have many investors in india. ...after launch you inform me....

I don't think there is a launch date...

If you want to invest in a mining operation check out HaoBTC, they seem to be above board.  For now at any rate.

Yet another reason why farming is bad for the community.

Is there any update about this project from the OP, any idea of the lunch date?

If you're looking for hosting, we have a currently running operation in Labrador, Canada, and have space available. We're also significantly cheaper than the American options. Our pricing starts at $63 USD/kW including tax.

Awesome a great hosting company in Canada!  ;D

This thread was posted in 2014,and there and updates by the OP.
I think they have changed there mind or they are already on it & are mining all the blocks,lol.

very nice cooling setup ideal place for mining setup really high roof will help to keep place cool which miner are you planing to use there and looks like difficulity is going up more with more and more mining setups like these home mining will just die like its already in progress

Everyone who has posted I wanted to say that this business is hard so please take that in mind when you go HAM on operators.  95% aren't even willing to put their hard earned money into building a datacenter.  You should be grateful people were willing to do that so you even had an option outside of a traditional datacenter.  Colo startups give you terms and pricing you will never see in the traditional datacenter.  I coincide there is a philosophy of cutting corners to save money but usually the people learn that it cost them more in the long run compared to growing slower.   I get the frustration but don't lose sight that these brave people have put a lot of effort into this to give miners another option, me included.


Cheers,
Dalkore  

omg - Why is the hall so big?

i mean, u guys wanne build up in the air in the future :D Or u just get cheap an old bunker from the nazis :D  :o

Otherwise very nice. Longs quit impressive ! Good Work :)

I think that they have the additional height for air flow, since an INCREDIBLE amount of heat would be generated by all the ASICs running in that room, assuming they're all running at full capacity.

But planning for the future wouldn't be a bad idea, once an ROI is made, they can continue to expand, if they feel like it is the right decision.

they didnt design it this way, the building is an old fruit storage warehouse for a juice company(treetop). it was engineered for an entirely different purpose, and they thought they could use it for another, as you can see it didnt work out well. the local grapevine says the whole thing was not designed by datacenter engineers, which is probably why it failed with our 110+ degree days, that people not from here apparently were not expecting.

Yup, without the head space to capture all the hot air those building must get smoking hot! 

Seeing the damaged ant miner units form heat and problems I would not even host my equipment at your data center. Going off the picture the way everything is laid  out and your air flow management looks shocking and needs a lot of work on it. If you have had record temperatures and cooling problems then this clearly indicates you need to re design your infrastructure.


Well if that has been in place then this should make things better but to be honest seeking the pictures from over heated miners and also blown chips on them would have to exceed boiling temps for this to be caused.

Going over CryptoCoin2015 posts with most of his equipment damaged due to this human error I do hope you have some cover on equipment or polices in place for events like that to cover for broke equipment and for new ones to replace them.

If it was me in your position with all the problems you have I would close shop, or to run at an optimal speed until all factors are covered but your main problem I can see from your location is design and that is something you guys really need to look into fixing the way your intake of air is and out take and surroundings, also your way the layout of your customers miners are. If you want help in re designing and having a lot better air flow less energy bills feel free to contact me.

That pics look very nice. Wishing you a good luck with your new biz!

looks awesome.      BTC

I like that people leave comments like "Looks awesome!" that suggest they never got past the first page.

I think the problem is some people try to be cheap.  They expect a asic data center to be like a server data center.  They are nothing alike on cooling.   Were talking about a lot more money into cooling. 

Depending on climate evaporation, just massive CFM, etc.  Depending on climate is best cooling method.  But regular AC is never going to be good for asic data centers.   

What happened to this place?

We can compete with you and everything is properly cooled and is running on quality infrastructure.    You make some great points.  We choose to grow slower but build better and still offer the best price.

What mining company do you have an agreement to get at 50 percent of wholesale?  That is a heck of a goal.  I would sure be interested if you can get units for close to that.... but I'm not sure I see 50 percent happening. 

This is also first time I have seen hosting companies argue.... very  interesting :)

When will you be able to offer these miners to public at this price?  At 50 percent you will find a lot of buyers. 

Wow......
That's awesome and in my life it is the biggest Miner hosting center which i have seen. Nice and good working. I am happy from this :)

Good job guys, looks amazing!

Please fix the cable mess tho!  :D

No argument here, just stating a fact.  Who wants a provider in a race to the bottom?  At a point something is sacrificed.  No free lunch.

soo bitcoin mining still profitable to some big miners invest 1 milion at this point i would call it insanity for sure,why not buy direct the bitcoins into the market instead try to mine?well the dream keeps alive for some who has balls to invest .

Yes, one has to be a bit ballsy right now to mine.  I'm doing it still with $0.10 cents per kWH.  I don't think I will make the move to Washington State the last quarter of this year or first quarter of next year as previously planned.  I'm in "wait and see" mode concerning what KnC and Spondoolie's will add to the network hash rate in the future.  I would hate to get out there, only to find I need to double my hash rate 3 or 4 months after arriving to mine the same amount of bitcoin I mined when I first arrived.

I ordered 9 x S7's the other day.  I was planning on ordering 21 more S7's in December but now I'm only going to order 11 more S7's in December.  I'm using the rest of the money I would have spent on the other ten S7's to open up an E-Cig store here in Alabama.  A buddy of mine has 13 E-Cig stores open now and is clearing over $60,000 a month from all of them combined.  He's riding around in a convertible Mercedes after two years with his house paid off.  So, I figure it's worth a shot to open one and open another one 4 months afterwards.  Then open two of them every 4 months until I have 10 or more of them within a 100 mile radius of my location.

I'm doing this cause I think it's important to be a bit more cautious at this point in the game as a serious home miner.  I want to have some rigs mining in the hope of having rigs going at the right point in time before a potential pump in bitcoin price.  The rigs could easily pay for themselves in a much shorter time if we have a big pump within the next 3 to 6 months.  I think everyone knows the price of the S7 would rise considerably if bitcoin price rises considerably.  It would be advantageous to buy the S7 now while it's cheap or do not buy it at all.  If one waits until a BTC price pump, the price of the S7 will out of ROI reach for many who choose to get in that late after a pump. 

So, I'm gambling by mining with 20 of them by end of December in the hopes of a BTC pump coming soon.  I think it's too risky for me to buy anymore than that at this time with $0.10 cents per kWH.  One who is paying less than $0.05 cents per kWH is in more of a position to gamble with more HW than I am.  Yet, still it is gambling quite a bit.  We just don't know yet how much HW KnC and Spondoolie's will add to the network.

Spoondoolies is done. so don't worry about them adding hashrate.  KNC has a ton of overhead and isn't as competitive anymore.  They produced solar on 16nm fin 1 process, but at a huge costs for tapeout and being an early adapter.  Sure they are private and have huge efficiency but take a look at how small there total hashrate is... Its tiny.  4% of the network for KNC... We have more than that and our company is a fraction of the capital investments.  I would agree we're at about .05 cents all in including cooling and overhead.  Lets face it, if your in the bitcoin mining world, bitmain sort of crushed the competition.  The logistics and capabilities that company have far exceed any capabilities KNC, and Bitfury have of keeping up...  Spoondoolies is gone, and everything else is gone.

I don't think even with a huge price jump that you would be extremely profitable.  Your best way as a home miner to make money is, buy direct from Bitmain, mine for 2 months at high profits, then sell the miner for 90% of cost, and make money by reselling.  That's about your best bet.

I don't know why I said, "KnC."  I meant to say, "Bitfury."  I had a brain fart.  lol

Shhhhhh about the selling after a couple of months.   ;D  I will have my trigger finger ready on selling mine rather quickly like I did all of my other rigs if the difficulty gets outrageous while BTC price remains low.

I suppose it's still a slim chance I could be moving to Washington State.  If I do, it may be in December or January.  I'm just kind of straddling the fence at the moment about Washington State.  It is quite a gamble.  I may end up increasing my power at the house to 400 or 500 amps and stay here instead of moving to Washington State.  Just hard to say at the moment.  I have many options to consider.  I really like the sound of the E-Cig stores as well while mining.

See. dumbward?  I told you you'd never make the move to Washington!  Could it be you are finally getting some sense into your head about Bitcoin mining?  Profits are going in one direction - DOWN.  The more money you piss away buying miners, the more you will lose.

I was hoping to see someone move westward and document it.   But I can understand why it would be hard to do.

It is hard justify it when you look at all the costs.  But I still hope someone does it and documents it all.

What do you want to know?  I went westward almost 3 years ago and we are still growing.

I was wanting to know price of some things.  Like are you doing it in your house? Warehouse?   What was start up costs?  Current electricity rate?

Those to begin with.  I just want to see ROI math with going there with miners.

Whoa! Great job on this, looking forward to further developments!

Warehouse that we have a long-term lease on.  We have done hundreds of thousands in improvements.   I would say expect a minimum 150-250K start-up to do your build-out.  Electrical and Cooling are your largest single expenses.  People cut corners here so I assume someone will say that is too much.  But those people also are not planning for the future, summer time and usually will put customers equipment at risk for thermal damage.   We are building a data-center and is good for more that just Bitcoin mining.     0.023 per Kw/h.       

I would also like to know. From reading other threads it looks like customers miners are going offline and they are not responding to their emails or posting on here but their website is still up. Are these people still in business?

They may still be but over time the market will filter them out. 

I just find it odd they went silent.  Seems like they spent a lot to just stop and give up.   (unless they happen to found a whale and selling space to big buyers).

They had some problems it sounded like.  But I would think they would still be fighting for business.  Just odd to see them go silent and not talk about it.

I believe you may be correct about having a single large client.  I will reach out to them and see if they have any updates.  I want to see more viable hosting businesses not less, if more keep going out of business then I will have a ton of demand and will have to be more selective.   

Hi all,

I know it's been some time since I updated this thread.

We were forced to move locations due to inadequate cooling provisioned by the facility owner.

Let me know if you have any questions.

Robert

Are you able to share pictures of new location?  I'm curious what it looks like compared to old one.

That seems like a pretty big move. Is it already done or still working on it?

It was a large undertaking, but it definitely was the right move. I'd had enough of the situation, so when the opportunity to leave presented itself, I took it.

It took my team and about two dozen temp workers several hours to clear the space of my customer's miners and my business' property.

The move was done secretly in the night. Had the facility owner gotten word that I was going to empty the place, the doors would surely have been locked before I would have the chance to relocate my customers.

The move was rocky. I'd be lying if I said there was no downtime, but most of my customers got steep discounts in exchange.

Here's a picture of the new place:

https://i.imgur.com/l5ixQoH.jpg

Our customers are currently happy and we're selling at $55 per kw month.

Looks like LordPaco and ASICSPACE worked up a business arrangement:

https://i.imgur.com/l5ixQoH.jpg

Nicely done on spotting the place.  Sure enough in the corner exact same power and looks the same overall. 

I wish I knew what a operation like that is getting their KW at on price.  That is the bad thing about bitcoin and private owners is there is a lot you just will not ever know.  Although I'm sure some see that as a advantage and it could be in some points.

$55 is a damn good rate per kW demand each month to host.  Very hard to beat that.

That is what I'm thinking to.  And if they are making money at that rate... dang they got something good going.

As that rate looks pretty attractive I have to admit.

That basically equivalent to the following rate: $0.08185 (8.185 cents) per kWH

https://i.imgur.com/TQAUYB6.jpg

That calculator is a bit off.

There are 365 days in a year. With 24 hours a day that's 8760 hours in a year. Divide by the twelve months of the year and you find that there are on average 730 hours in a month.

$55 per kilowatt month, divided by 730 = 7.53 cents per kwh.

Thanks for bringing that to my attention.  I believe I found a more accurate calculator:  $0.076389 per kWH.  [30.416667 Days in each month on average.]

https://i.imgur.com/zDdb5Dl.png

Amazing spot and the place looks really amazing, glad the move went as smooth as possible.

I see there is empty slots there, still planning on expanding or is there some limitations?

Thanks for the encouraging words.

I am working with LordPaco and I'm very proud to be doing so.
The man is passionate about Bitcoin and mining, and he knows how to set his mind on his goals.

Also, the empty slots you see is capacity we are currently selling at 7.5 cents/kwh ($55 per kw-month).
Hosting includes remote access to your miner through a portal on our website, and we're fully insured through Farmers.

Could you provide us miners for an opening date, so we can be ready to see a new name come up in the block mining list?

Do you guys have a name for your mining center?

We're open right now.
Currently we're still called ASICSPACE but are considering rebranding after the issues we had at the previous facility before we moved our customer base to LordPaco's facility.

Informally we call the mine "The Coop".

I do like your price on electricity "$55 per kilowatt month, divided by 730 = 7.53 cents per kwh.".  That is pretty hard to beat on other hosting.

Do you get access to your miners of if you wanted to change something do you submit like a ticket?   Also how is the heat now that you moved?

You'll get remote access through a portal on our website. Once you've logged into the portal, you'll see little tiles. Each tile represents a miner and displays hashrate and temperature. If you click on the tile, you can access the miner's internal configuration page. An authentication dialog will pop up just as if you were on your local network.

If there is a mechanical problem you'd just text me or submit a ticket and we'd get it taken care of.

Right now the cooling is fabulous, but that's not saying much since it's December.

What I can say is: LordPaco has over 100kw of his own miners in the mine, unlike how in our previous facility, where the owner had none. LordPaco has a strong interest in keeping the place functional; he's not going to let his own equipment fry.

Robert

i really prechiate thoose services :) But for me i think its a bit to far. iam from the EU country and think the shipping will be more cost than the profits for so far ;)
*g*

regards
lama-hunter

You can always ship directly to us from the manufacturer. Also I've heard of some cheap hosting providers in Sweden, you ought to check them out.

Robert

Great! Hope you guys see a ROI soon! I have a few questions:

Whens the ETA of your completed site?
Any name you got for your new farm?
Where are you guys based?
What's the estimated hash power you think you guys will get?
How much is your power, where the mine is?
What miners are you guys thinking of using?
How many miners do you think you guys can hold?

We have 1 rated MW online today. We have plans to expand further, but the expansion is in its preliminary stage, so I don't want to comment on it now.
We are based in North Central Washington. More specifically, our 1 MW mine is in Quincy, WA, not too far from a bunch of other data centers which include Microsoft, Yahoo, and Intuit.
We are on the public power rates which can be found on the website of the PUD of the county we are based in.

where is this?

Quincy, WA

Hi ASICSPACE,

Nice to see your Bitcoin miner hosting center. I'm interested in hosting my miners there but before that I have few queries to clarify:

• Are you going to exclusively host the miners that will be sent by us or will you be hosting self-miners which can be bought simultaneously? (just like a typical cloud-mining service)

• Can we get full access to our miners' configuration, giving full freedom for users to select their convenient pools as well as setting up their payout addresses anytime?

• If you are agreeing to my previous question, how will you deduct the hosting fees, since we'll be receiving the payouts to our addresses directly from the pool? Will you be accepting an upfront hosting fee per year or do we need to pay it separately after every month?

• Will you be live streaming our miners in order to verify if they are maintained properly? (For instance, Genesis Mining is having a 24/7 live stream of their miners here => www.lifeinsideabitcoinmine.com

• What if I want to terminate the service after a year or two? Will you be sending our miners back or will you be paying it's equivalent cost price? (at a reduced rate of course)

In the meantime, I'm gonna watch this thread and will eventually contact you after the construction gets completed and if everything goes right. :)

Are you going to exclusively host the miners that will be sent by us or will you be hosting self-miners which can be bought simultaneously? (just like a typical cloud-mining service)

We don't do cloud hashing at all, and have no plans to offer cloud hash at this time, and I don't see that changing for the foreseeable future. We strictly do collocation: You send us the miner: we provide power, networking, and cooling.

What if I want to terminate the service after a year or two? Will you be sending our miners back or will you be paying it's equivalent cost price? (at a reduced rate of course)

We offer flexible monthly contracts which can be broken at any time, for instance if, you'd like to sell your hardware and upgrade to a newer model. However, if you want the miner shipped back to you, you will need to pay the shipping costs.

Can we get full access to our miners' configuration, giving full freedom for users to select their convenient pools as well as setting up their payout addresses anytime?

New customers of ours get a username and password so they can login on a portal on our website. Once they've logged in, they can see a page which displays their miners' temperatures and hashrates. Each miner is represented by a rectangular tile. If you click on a tile, an authentication dialog pops up (root/root) just as if the miner was on your LAN. Once you've filled out the dialog, you can set pools and have access to all the options within the miner you normally would have access to.

Will you be live streaming our miners in order to verify if they are maintained properly? (For instance, Genesis Mining is having a 24/7 live stream of their miners here => www.lifeinsideabitcoinmine.com

I'm currently living at the datacenter, and I'd like a little privacy, haha. This is a good idea though.

In the meantime, I'm gonna watch this thread and will eventually contact you after the construction gets completed and if everything goes right. :)

Construction already finished on the facility that pictures are posted for early in this thread. We leased space at that data center from the data center owner, however, we were forced to move about 50 miles away to Quincy, WA this summer when the owner was not able meet the cooling demands that miners require in the Washington summer.

The Quincy site is currently fully operational and we are offering the rate of $55/kw/mo (7.5 cents/kwh) to both small and large customers.

Dude. You're IN the damn aren't you?

Thanks for sharing this! I somehow had never seen this very cool to see hosting center.  I can think of a few upgrades.

Would LOVE if you did 24x7 showing miners and have a temperature gauge and maybe uptime counter.  See miners with that would be a great way to get customers.

Will this new hosting center at Quincy be permanent from now on? Or, are you willing to move back to the former one after the owner meets with the cooling demands?




Damn you! :D Please shoot me a PM ASAP, mentioning the full shipping address of your center. I'll be delivering 2 of my bad boys there. :)





Well, I can smell some profitability with your current rate. ;) (Calculated on Coinwarz (http://www.coinwarz.com/cryptocurrency/?sha256hr=900&sha256p=732&sha256pc=0.075&sha256c=true&scrypthr=75000.00&scryptp=1500.00&scryptpc=0.1000&scryptc=false&scryptnhr=300.00&scryptnp=420.00&scryptnpc=0.1000&scryptnc=false&x11hr=13500.00&x11p=600.00&x11pc=0.1000&x11c=false&x13hr=9750.00&x13p=600.00&x13pc=0.1000&x13c=false&keccakhr=1260.00&keccakp=825.00&keccakpc=0.1000&keccakc=false&quarkhr=6300.00&quarkp=825.00&quarkpc=0.1000&quarkc=false&groestlhr=45.00&groestlp=825.00&groestlpc=0.1000&groestlc=false&blake256hr=6.40&blake256p=450.00&blake256pc=0.1000&blake256c=false&neoscrypthr=400.00&neoscryptp=400.00&neoscryptpc=0.1000&neoscryptc=false&lyra2rev2hr=13500.00&lyra2rev2p=825.00&lyra2rev2pc=0.1000&lyra2rev2c=false&cryptonighthr=1950.00&cryptonightp=750.00&cryptonightpc=0.1000&cryptonightc=false&e=Bitfinex))


http://i66.tinypic.com/v4rqxe.jpg (http://www.coinwarz.com/cryptocurrency/?sha256hr=900&sha256p=732&sha256pc=0.075&sha256c=true&scrypthr=75000.00&scryptp=1500.00&scryptpc=0.1000&scryptc=false&scryptnhr=300.00&scryptnp=420.00&scryptnpc=0.1000&scryptnc=false&x11hr=13500.00&x11p=600.00&x11pc=0.1000&x11c=false&x13hr=9750.00&x13p=600.00&x13pc=0.1000&x13c=false&keccakhr=1260.00&keccakp=825.00&keccakpc=0.1000&keccakc=false&quarkhr=6300.00&quarkp=825.00&quarkpc=0.1000&quarkc=false&groestlhr=45.00&groestlp=825.00&groestlpc=0.1000&groestlc=false&blake256hr=6.40&blake256p=450.00&blake256pc=0.1000&blake256c=false&neoscrypthr=400.00&neoscryptp=400.00&neoscryptpc=0.1000&neoscryptc=false&lyra2rev2hr=13500.00&lyra2rev2p=825.00&lyra2rev2pc=0.1000&lyra2rev2c=false&cryptonighthr=1950.00&cryptonightp=750.00&cryptonightpc=0.1000&cryptonightc=false&e=Bitfinex)


So, let's get started!

So how do we know that ASICSPACE won't simply disappear with the miners, if anyone is dumb enough to send them in?

Wow this thread is a whole new level of retarded. anyone considering sending their miners to ASICSPACE should just put all their BTC on paper wallets and set them on fire.

They took our miners offline after a couple of months of abysmal hosting with horrible support and stopped responding to any inquiries. We know for a fact that the miners were set to mine to hoster's pools without our consent. That's theft plain and simple.

Robert has been served and defaulted in small claims court but good luck collecting from the sleazeball. I think I'll sell the judgement to REAL collectors for peanuts just to make life miserable for the little prick.

It's not like there is a lack of honorable hosting providers. Talk to sidehack for example.

STAY AWAY FROM ASICSPACE DO NOT LET THEM NEAR YOUR MINERS OR YOUR COINS

now you can't say you haven't been warned

This would be a matter of the public record, if there was a judgement against me.

Care to post a picture of you have of this supposed judgement against me?

Such judgement or picture does not exist because your post is slanderous nonsense.

If anything you say is true, please provide a single iota of proof.

*crickets*

This looks like a honest enterprise to me. I'm always saying something against any cloud mining because I think they all scam, in short.

But providing power, networking and cooling is absolutely different thing.

I wish you guys good luck. I believe you are going to create something great.

I hope you are correct, we need more honest people in this space.

Time will tell

slanderous nonsense sue me LOL

so it's not true then that the miners crawled along at barely 50% capacity, remote access didn't work, support wasn't responding, and finally you switched them off with no communication whatsoever? perhaps you even have proof of returning our hardware to us or compensating for it? i wonder why you didn't show up then it would have been so easy to win the case

keep digging bro but don't forget the small claims limit was $5000 and the damages you caused are far in excess of that so there is more shit coming your way

but you know what, I changed my mind

I think anybody who wants to send their miners and their coins to a known scammer by all means should do it cause if the scammer has more assets it will make recovery easier for me and other victims of his previous "enterprise"

voluntary ponzi if you will so go ahead

Do you still have space to get some miners going?= i might be interested in hosting
What aer the prices here for?

Would be rgeat ot know :)

regards
lama-hunter

Actually that's interesting to me too. I think that you shouldn't pay a cent of your money, they just collect some part of coins which were mined on your miners. But that's just my speculation. it's interesting to see the real answers from the guys.

Can you point to claim?  it should be public record if so, and be online if you truly know this. I would be interesting in seeing if true.

I think there was some issues with old place, but new sounds a lot more promising with price.  But would love to hear from anyone who had miner hosted during the move.

no I don't believe it's online and I'm not too keen on doxing myself either sorry

I just gave a fair warning and what anyone intends to do with it it's their business

I know I wish I had a warning before sending my miners to asicspace... lesson learned, nice words and pictures and low prices don't mean nothing

but if you don't trust me - understandable - there are other bad experiences in the other threads if you care to research:

https://bitcointalk.org/index.php?topic=1036376

https://bitcointalk.org/index.php?topic=622998.msg11176711#msg11176711

etc

If you say they have a claim, it's normal to back it up.  It's not doxing... it's proof of what you claim.  To say "no I don't believe it's online and I'm not too keen on doxing myself either sorry" makes me put little belief in the suit.

It does seem some had trouble.  What I'm surprised is no one is saying anything in thread now It makes me wonder if they made it right, or if people just got tired.  We really don't know.  But I think you need to bring more then just a claim with old threads when making a accusation.  Where is current info?

Wow looks great! What kinda hardware you plan on running?

you have to understand that asicspace had basically collapsed by mid-summer

so yeah the "trouble" reports you'll find are going to be months old and I really doubt that ours is the ONLY one that's still screwed up

but go ahead feel free to PM the other users who posted about issues and ask them if they're good now

I can't really do much more than bring attention to the issue. As I said it's everyone's own business what they do with it

There are multiple reports of sounding bad during first hosting place.  I do agree with that, I was not a customer so I cant really dispute it and am not trying to.

I'm just supervised if so many got burnt they would not still be in thread posting.  Normally when people get burnt the backlash follows the company in great numbers any time they try to operate.  And that is not here.  So just not sure what happened to other users, but I agree possibility of burning up a miner does not sound fun.

GSpgh has never sued us, he has clearly fabricated that since he can't point to any public record or post a picture of the judgement he claims he has (he could redact any of his personal identifying information).

He is right though that we had major issues during the summer. It's something that anyone who looks into us can easily discover and not something that I make attempt to hide.

Last Summer, the mine/data center owner, was an HVAC contractor/contracting group. They underestimated the amount of cfm needed to cool 2 MW.

What really brought the situation from bad to disastrous was:

1) 2015 was the hottest summer on record for Western Washington. http://www.weather.com/news/weather/news/washington-oregon-idaho-all-time-record-highs-june-2015 (http://www.weather.com/news/weather/news/washington-oregon-idaho-all-time-record-highs-june-2015)

2) The Antminer S5 had a bug where the fan would stop spinning, but the boards would become unresponsive and lock-up, continuing to hash without any temperature control kicking in.

We had one S5 customer lose 50% of their boards due to the combination of high temperatures without safety cutoffs.

We had customers with Spondoolies miners get through the whole ordeal without losing a single unit.

We gave out over $60k of discounts to customers on account of the environmental conditions, I'm sure if we did not do that then there would be many more angry people posting here.

By the end of the summer, the situation had soured with the facility owner to the extent we were no longer comfortable working with him, and moved to LordPaco's facility in Quincy, WA.

GSpgh if he wants to disparage us has plenty of factual ways to do so without making up a story about me not paying out when I supposedly lost a lawsuit to him.

Sincerely, Robert Van Kirk

Excuses aside, ASICSPACE is a liar, cheat, and criminal.  And if anyone here is stupid enough to send them their miners, then they deserve to lose their entire investment.  Expect ASICSPACE to steal from you, and you won't be disappointed.

Is it to offer cloud mining

ASICSpace Mining Co. v. Salcido Connection Inc.

ASICSpace, which offers hosting service for application-specific integrated circuits (ASIC), or bitcoin mining, entered a "Data Center Management Agreement" with Salcido Connection Inc. on Oct. 28, 2014.

Salcido Connection had leased a portion of the former Tree Top building in Cashmere and was preparing the industrial space to accommodate data equipment. The services ASICSpace provided included marketing the data center to credit-worthy potential clients. In return, Salcido agreed to pay ASICSpace 25 percent of the proceeds paid by the tenants. ASICSpace also contracted with those tenant/clients to install and maintain equipment in the data center.

Last summer, ASICSpace had found a potential anchor tenant who would fill the remaining space. In July, before providing Salcido with the name of the potential tenant, ASICSpace required Salcido to sign a nondisclosure agreement, which prohibited Salcido from using contact information for the tenants to compete with ASICSpace.

Around that same time, Salcido and ASICSpace had started negotiations to modify the management contract.

In August, once the anchor tenant signed the lease, ASICSpace learned that Salcido Connection representatives had approached the new tenant and proposed a business relationship that cut ASICSpace out of the mix. Salcido also proposed a new management agreement that cut ASICSpace's payment from 25 percent to 3 percent.

When ASICSpace refused the new contract terms, Salcido Connection locked ASICSpace out of the data center and, in a lawsuit filed in Chelan County Superior Court on Sept. 2, ASICSpace claims Salcido started soliciting clients for data equipment maintenance services, in violation of the nondisclosure agreement.

ASICSpace's complaint claims breach of contract, breach of duty and good faith, interference with present and prospective business relations, claiming at least $300,000 lost in cash payments in addition to lost clients and prospects. The company also was seeking an injunction to stop further damage and also claimed that Salcido Connection was putting client equipment at risk by not allowing ASICSpace representatives in the building to do maintenance. The cooling system, according to ASICSpace, had not been adequate.

At a hearing before the judge on Sept. 3, the CEO of ASICSpace and the president of Salcido Connection announced they had reached a CR2-A agreement, so no order was issued. The agreement included identifying who owned what equipment, gave the anchor tenants 30 days to identify the equipment that belonged to them and required ASICSpace to provide a $3,000 payment to Salcido that had been due in August.

ASICSpace was represented by Robert Hunter of the Hunter Law Firm in Wenatchee. Salcido Connection was represented by Malachi Salcido, company president

I think that clears things up.

That would be for sure.   If judge ordered go get stuff that goes against their story of getting gear in middle of night and other party did not know.

Interesting turn thanks for sharing it with us.  I wonder what their comment to above will be.... but very interesting.

curing concrete creates heat. no?

The judge allowed us to get some remaining property we had left in the facility, the bulk of our customers were taken out as I described.

Nope, increases durability of the concrete by mitigating the cracks that can appear, which will wreck the durability of the concrete.

Heat is used to cure concrete, but aside from the initial heat to cure it, it only helps to provide structural support and dissipate heat, as stated.

Personally from reading this thread over the past few months, yea they made a complete mess.. surely they wouldn't keep writing on this forum if they didn't want to change things and give the level of service they first wanted to give...

Its the season to be jolly and all that.

So you left some customers gear behind though?   What type of compensation did those get who were left behind was it close to lost earnings? Or how was compensation done?

Just kinda a different side of story reading through the suit.  Was night time moving after or before being locked out?

Or, maybe they are simply looking for more suckers.  Assuming they want to do a better job is really a stretch.

You guys are 100% nuts if you host anything with them.  They lied, cheated and stole from people, why would they do anything different now?

All of the info is in this and other threads.  Just because people don't rehash the same stories doesn't mean the stories changed. 

How many people have come forward to say they had a good experience with them?  How many people have had a bad experience with them?

Just go with a hosting company that doesn't have as much negative feedback.  Most other companies have a fine reputation.  These guys have the worst. 

I never had rigs hosted at the old place.  However, I have communicated a lot in the past with LordPaco.  This is his place...  I know he had ASICSPACE host his gear while he set up his present location that ASICSPACE has gone to now.  It's hard for me to believe LordPaco would allow a crook in his midst.  It sounds like a series of unfortunate events and several miners got caught up in the middle of it.

If someone wants to have them host their gear, they may want to PM LordPaco to confirm.  He's straight up and has helped me out quite a bit in the past.  Just contact LordPaco and I think a lot of things would get cleared up.

That's my two cents.

ASICSPACE is a bunch of thieves and liars.  If you're planning to send them any gear to mine with, you might as well send it to me.  At least I will tell you straight up that I will keep all the profits mined with the gear for myself.  Which makes me honest compared to them.

And a concrete building will keep heat in, not dissipate it faster!  Like DUH!!!!!!!

Let me be clear...

I do not know all the details of what actually happened at the old place with the high ceilings.  I hate to see LordPaco get pulled into the middle of this by offering his place for someone else to use for hosting.  i'm sure he's getting kickbacks; but still...  I imagine he feels sorry for the guy.  I know ASICSPACE helped him out for a couple of months by hosting his rigs for him while he put his place together.  That's what makes me believe he feels sorry for the guy in some way and trying to help him out after ASICSPACE helped him out.  But that's only because LordPaco is a good fellow.  I just hate to see him allow his reputation to be linked to someone else with a terrible reputation.

He shouldn't feel obligated to help him out if the guy did not see to it people were properly taken care of in terms of any loss incurred from the other place with terrible cooling.  LordPaco, should host rigs himself without involving the other guy.  However, he probably does not want the extra responsibilities that come along with taking care of other peoples hardware.  He has enough to do with his own gear.

I'm curious what LordPaco has to say about the whole matter if he cares to get involved in the forum with it.

For once, I may agree with you, timk.  LOL

If people required compensation for losses incurred due to poor management in a poor facility and did not get that compensation, this place should not be trusted if it is in the hands of ASICSPACE.  He had his chance and mucked it up.  Plain and simple...

You're free to not send miners here.

Remember, at the previous facility which experienced problems, ASICSPACE was an independent contractor which did sales and customer support. We neither owned or leased the facility.

I have LordPaco to thank for his graciousness in allowing me and my customers to escape an impossible situation, and things have been running smoothly and our customers have been happy since we made the transition.

I actually PM'd ASICSPACE last week and offered him the opportunity to increase his sales by way of me stopping telling people the facts about how his place is a ripoff, and my compensation for this service, which could ultimately increase his business, would have been 2 BTC.  He offered me a discount on one of their hosting plans.  First of all, I don't have any ASICs, and second of all, I sure as hell wouldn't send them to him if I did!  He didn't even offer me a tiny fragment of a BTC, claiming he couldn't afford 2 BTC.

What an asswad.

Most of the wording of that extract comes from my lawyer, which is simplified in some ways to help a judge understand, embellished in other ways to help our case, and on the whole leaves out the rollercoaster that made 2015 one of the most memorable of my life.

I did in fact bring my customers out of the facility in the middle of the night. That was on a Thursday, and we were locked out the next Monday.

98% of the miners I left belonged to my two largest clients, and I'd say 2% were customers I had missed.

So you saying you tried to blackmail them into paying you?  That is pretty lame to say the least... to ask for payment to stop you posting info.  If you had lost money on it then I could see it.... but not losing money and trying to force money just is bad.

I am really surprised you posted about this.   Do you do this to others as well?

He's spews useless crap out of his mouth all the time.  I had him on ignore for a while.  I took it off of ignore to see what he had been saying in this thread.  It turns out to be pretty much of the same as in other threads.  Hence, why he's back on "ignore."

If you read his other posts in the past they are all pretty much like that. Sometimes its hard to tell if he actually means what he is saying or is he saying it to be funny and as a joke.

Its impossible to tell emotions with text.

It does instantly subtract pretty much all he said knowing there as a motive of blackmail.   I am happy they did not pay him off.  I wonder if anyone actually does pay trolls.   I just don't see it. 

It is sad but people like him are the reason self-moderated threads are sometimes needed.

The more I read this thread and the more I hear from others via email and PM's [who had their gear at the old place], the more I realize ASICSPACE is not worth the risk!  DO NOT send your gear [ESPECIALLY ANY SIGNIFICANT AMOUNT OF GEAR] to them for hosting.  Do not pay any significant amount of money up front either.  The more I hear it's just not worth the risk.  

The old place was owned by an HVAC company.  They provided the place and provided most [if not all] of the capital up front to setup the hosting.  It sounds more to me the HVAC owner was tired of putting up with their IRRESPONSIBLE ANTICS and wanted to lock them out of the place.  It sounds like ASICSPACE and the other guy are just young punks who don't give a shit about responsibility and good work ethics.  If you want to take the risk, it's your prerogative.  Don't say you haven't been warned!!!

ASICSPACE and the other guy had a good opportunity to do good for themselves and the community but they mucked it up.  After all I've heard, their ass should be in jail.  If it was me, I would have done my best to get their ass in jail.  They are fortunate some of the others who were screwed from their irresponsible and childish behavior are more forgiving than I am.

It's not worth suing them either because they don't have shit to lose.  Just stay away from them and you'll be alright.

Interesting thanks for posting.  After that lawsuit got posted it seemed to do a complete reverse on how it looked.  Sad as they had a good price.

Reading about lawsuit and some of the post's I think have scared me off sadly.  Guess I will keep looking I would love a good and cheap place 5-6 cent's that I can send some older gear to sometime.  Or it's looking more likely I will just sell off old gear eventually and buy new gear or BTC.  Kinda scary with someone else hosting you gear when reading this.

You might try GreatNorthern Data.  I've heard from another miner they may have similar rates.