Norweigan Farm Project (Free electricity)

[Nicolai Larsen]

What do the rigs consists of?

[Shadowfax]

How will you be smoothing out the power variability(i.e. net metering, when there is no wind the grid supplies power and when it blows you give an equal amount of power back)?  How many days a year do you have at least 80% of mean generating capacity?  Are you going to automate turning rigs on/off due to available power?  Do you have more than one internet connection?  Cool idea, and hopefully you can put that resource to good use.

[Kris]

A: At your budget, we select computer parts fit for a rigg. and then I charge you 9% of your bitcoin profit (as long as it stays operational).

Pretty damn interesting, If lets say I purchase two rigs with like 3 x 5870 in each, and you set them up, how would I get my rigs back if I decided that I do not want to play with bitcoins anymore?

Oh yeah and hit me up if you need any help with script and the likes, if you get this interesting idea up and running.

Kind regards
Kris

[Savior]

Just a warning!
This guys does not exist.
I am from Norway, in norway every citizen is recorded in the public tax registry (skattelistene), which are released every year openly on the web. He was not in the list. He also don't show up at all on google, except in this thread ofcourse.
He registered on this forum today.
Worst of all he use google translate to reply back to me in norwegian.

Absolutt, jeg forstår hva du mener.

Jeg har ikke tenkt på dette før nå, Hvis du bor i nærheten, føler seg fri til å komme over o se på bitcoin farmen.

Jeg skriver ut et bevis på at personen har bestilt en datamaskin, der alle komponenter er skrevet ned.
Og at det vil bli oppbevart ved huset mitt, men at det er deres eiendom.

Med mitt navn, adresse og alle nødvendige fakta.
Kjenner du en bedre måte, gjerne komme med forslag

- Erik

Judge for yourself, but I would not trust this guy with a bitcent.

[nrd525]

1.4 kw* 35600 shares = 49840 kw per hour or 49.84 MW

Only 4 wind turbines?  Typically wind turbines are 1.5 MW.   According to wikipedia 10 MW turbines are in development, but it doesn't seem like they are readily available.

Typically you get up to 40% power capacity on wind turbines (maybe up to 45% at a really good spot) at least in the US (according to the west wind and east wind surveys by NREL).

[kingbc]

So did some people get owned?

[ercolinux]

I become suspicius when he says 800rigs: it's about 13  hours/day 365 days/year works to put 1 minute/day of work for every rig. Too much work for a single guy.
And he puts a 12.000$ of roof to his maximum incomes from the farm, but that's make a little 1.25$/month for each rig. With all that rigs he earn 40$/month from each (that is a total of 35.000$/month) and even doubling the difficulty and halves the production is more then 8.000$/month.

[Shadowfax]

I think the kw/h is really a mistake, nobody uses that metric, is always kwh, or kilowatt hours.  So 1.4 kwh x 35600 shares = 49840kwh over an entire year.

49840kwh/(365days x 24hrs/day)= 5.7kw constant free energy.  Using his numbers, this is what the power company is giving him for free.

[Grant]

@ OP

Pm sent.

[grid]

so is it 966kW or 966kWh? Just putting things into money perspective:

Price of industrial (cheap) power in Norway is avg. 41.6øre/kWh excluding taxes and grid rent (http://www.ssb.no/elkraftpris_en/main.html)

If we are talking about 966 kW of power used 24/7 all year is:
966 kW * 24h * 365 = 8462160 kWh (8.4 million kWh)
8462160 kWh * 0.416 NOK/kWh = 3520258,56 NOK (3.5 million Norwegian kroner, or 648k USD) per year in free electricity.

Now if it were 966kWh per year, the numbers would be:
966 kWh * 0.416 NOK/kWh = 401.9 NOK (or 74USD) per year in free electricity.

To me neither makes sense  

[Shadowfax]

Maybe 966kwh per month?  That number is at least within a magnitude of a reasonable amount.

[madtea]

So did some people get owned?

I guess so

[Opsamk]

We are all hackers, why the hell would we trust eachother with something unbelievable such as this?