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Author Topic: Interested in Mining, doing due diligence, have some hardware questions.  (Read 411 times)
Searing
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December 14, 2020, 01:27:23 AM
Last edit: December 14, 2020, 11:40:19 AM by frodocooper
 #21

Yeah, I've checked them out and others. The costs come out to 8c kWh to 8.5c kWh when you figure shipping and setup costs per unit etc, etc. That must mean that around 8c kWh is about the 'least' amount you can get walking in off the street. I might get more of a break if I sent the guy like 10 ASIC units of whatever flavor, but alas, can't really do that, don't ya know. Now I know of 'some' folks on bitcointalk and litecointalk that get like 4-6c kWh but they are kinda 'grandfathered' in and just plain are not looking to host anyone outside of the group of folks either known to those running the data hall or again, big enough. Also, you add the cost of say Bitmain equipment even if you could get such, in a timely manner or any other ASIC miner of any Algo flavor...and even the risk of buying one say Bitmain unit, even if you got it today, just don't cut it at 8c kWh. Sad Thus the overseas angle. Actually on 2nd thought, love America, but with 2020 and the last 4 years of the Trump Administration getting kinda sick of Americans.. I should just move overseas....anyone got a 'sister'..... Smiley

But yeah, it is frustrating when I can make more just selling stuff I'll never use out of my attic on eBay and convert to Bitcoin and make a lot more money than I ever could now at my home rate of 13.85c kWh Residential now. Sad I currently can jump in again anytime at 8c kWh with a data hall I do know in the The USA, but with current equipment not available of any ASIC flavor till what Summer of 2021 and dubious equipment used....not worth the hassle..that is unless you are one of the 'wise few' in the USA that did some Solar, back in the day with grandfathered in benefits, now dismantled under the Trump Administration. Truly been 'gutted' in my state indeed. Currently, I know solar operators with local cities and counties? contracts where the city is telling them they will only pay 8c kWh vs the grandfathered agreement of current rates from 5-7 years ago with Solar subsidies...that was set in contract..they should be getting a base rate of now 13.85c kWh. Cities and counties are getting desperate with no tax revenue coming in with the USA recession and covid-19 pandemic. I'd expect 'more' of this pushback around the USA on grandfathered in Solar operations. So anyway, would love to mine 'Solar' but unless pushback by Biden Administration on such things back to 5-7 years ago (doubtful) that boat don't float...it used to be you could 'mine' solar for a profit and pay off solar in like 10-12 years alone, ASIC mining you could push that up to say 8 years payback. No more of that in my area.

So it goes, probably the same complaints were made by miners when they had to 1) upgrade from their laptop 2) upgrade to GPU 3) upgrade to ASIC etc, etc.  Smiley

Brad

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