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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Acquisition of Encrypgen by IndygeneUS AI on: April 17, 2023, 07:02:50 PM
Nice to see Encrypgen/IndyGeneUS on here, been following them for a while now, they seem completely under the radar.

They are a first mover but have always stuck to the science/business part of things instead of doing (crypto) marketing, which has only seem to have increased (or decreased if you will) since IndyGeneUS acquired them.
Which makes sense, since they don't benefit from either a high nor a low token evaluation and have acquired several thousand datasets they still need to sequence.

Most promising, except for the huge WGS dataset Indy is reported to be indexing, is that contrary to some of their competitors (which do invest heavily in the marketing aspect) is that they are sequence agnostic, so everyone is able to upload and sell their data regardless of which company did the sequencing.

Expect this one to blow up hard if/when they ever finish the GeneChain v2.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable on: October 20, 2017, 06:32:49 AM
Ahh, so 6000KWh spread over a period of 17,520 hours (the number of hours in two years)
yields an average of 342 watts of processing power per hour for that two year period...
at a current cost of 8 ETH or $3080USD.

That works out to the processing power of (3) GTX1070 boards at 110w each, with combined MH/s of 90...
Coinwarz.com's calculator tells me 90MH/s yields about $1740 per year, times two years:
$3480
This investment would barely get over break even... can I buy 3 GTX's and 3  300w solar panels with controller/inverter, maybe a 200Ah battery, with that kind of money? Hell yeah. And it's “green”. I would own it forever, not two years. Solar panels have a 20 year life span.
And very useful in a natural disaster or other power outage.

None of the various DIFFERING estimates on the website/white paper instill confidence that I can get a predicable return or make a decent profit, and I'm not into “buy and pray”.



People don't seem to like math, they like shiny calculators that predict 300% profit.
19.46 TH/s BTC mining at 342W?
Caaaaan do! By the power of GREEN!

Too bad it's gonna be 50 MH/s ETH or 3 TH/s BTC.

But hey :

Mining income is not guaranteed and will vary based on (a) how the mining difficulty will increase or decrease in the future and (b) on the hash rate the mining hardware used is able to achieve.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] HydroMining | Green Mining, environmentally friendly and profitable on: October 19, 2017, 04:42:16 PM
Somebody check my arithmetic:
ownership of 1000 H20 confers 6000KWh, for 24 months, and their website's calculator says that yields a
hashpower of 249.6 MH/s.
In the whitepaper, they list the power usage of the GTX1070 boards they intend to employ as
110 watt (0.11Kw), with an output of 30MH/s.
6000w divided by 110w equals roughly 54, i.e. 54 GTX1070's running 30MH/s.  So 54x30=1620MH/s
Even factoring in a worst-case 20% net profit factor, that still should be 324MH/s
What am I missing? The cost of buying 54 GTX boards?

Also, from the website FAQ:
How many MH/s does 1 Watt generate?

The current rate is 0.158 MH/watt.



6000 times 0.158 is 948MH/s...

Just wondering.

Hey!
What you receive is 6000 kwh (kilowatt hours) spread through 2 years and NOT 6000w of power supply over 2 years Smiley

Which comes down to 342 watt of power for 2 years. Now do the mh/s math again.
Y'all are being hustled.
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