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.

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

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.

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

@ASICSPACE No PDU yet. The available space is ~ 2000m2 fully air-conditioned. Should be enough cooling power for a few hundred units.

OK. Once again: I am really new to this. Let's say I would invest about 10K KWD (US$ 36.000) in equipment. Power and air-condition is free. If the machines would run day and night. Is there a way to calculate when I break even (Assuming the worth of a BTC would stay at today's value)? Can the profit be guaranteed?

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

PS. nice ignoring my point idiot.

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.

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

Any vets around who've used ASICSPACE?  So far all I see is questionable newbies talking about them, and the posts don't make 100% sense.  

M

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.

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

We want to see pcitures  More more more!

I'm commenting to add my watchlist

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

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.

Hey ASICSPACE, thanks for chiming in. I'm not currently disclosing the location of the warehouse that I'm considering to lease. But yes, I'm sure unfortunately, that it's currently at 208v. One can upgrade to 480v and get more power as well, but again, those costs are heavy $30-80k all inclusive I'd guess conservatively; still, could be worthwhile if I could raise the money. Got around $30k of my own to invest, but probably would need more to be safe.