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1  Economy / Service Discussion / Re: Veden Miner on: November 23, 2020, 06:21:22 PM
the larger farms will do their best to squeeze out the smaller miners because they just can't compete

I'm new to mining so forgive my ignorance. How do the larger farms squeeze out the smaller operations? If I have 10 or so miners and join a large mining pool, how do the large operations affect me?

Also on Veden, I'm in touch with them now. Bob claims that they are producing their first batch of miners right now. That's why there have been no reviews. He can't let me take a tour of the factory because of Covid. And he won't do a Zoom tour of the factory because they're about to do one for everybody. The machine is now $2450USD, has a 68 TH/s hash rate, and consumes 100 watts of electricity. Yes 100 watts. I was so excited when I found it while planning my mining operation, it completely transformed my spreadsheet. Then I searched for reviews and felt like an idiot for not realizing it myself. And with ZCash halving, that left only expensive Etherium miners to build a business with. But I forebear. :-) But Bob called me today and asked me to send an email saying if my loan was approved I intended to buy so many of his miners. I worded my email very carefully saying that if my loan was approved I intended to buy so many of the miners specified on his web site. But every spec is beyond great and nothing is verifiable under any circumstances. It's really disappointing, he talks such a good game.
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