Hi All,
I am in the process of setting up my first mining farm and would appreciate any help or suggestions.
I am basing the farm in a south Asian country where the electricity rates are circa £0.018 pkw.
I am going to be purchasing 10x antminer S4+ and putting them into a standard 47u rack, with a UPS and airconditioning etc..
Using the calculators available online i can see that it is likely to break even fairly quick, even so with the decline in the cost per BTC. the cost i feel is acceptable as i was one of the lucky people who stumbled across bitcoins in the early days, however i have only just got back into researching.
I am in the process of finalizing the premise etc.. and was wondering lifespan of rigs etc.. as i cant go across the world multiple times a year. I'm also wondering how plausible it is to set up remote monitoring, do these come with interfaces that i can just open a port on the router and access via the WAN IP? I will have people nearby who can act as 'smart hands' should any hardware failures occur. Any constructive criticism will be appreciated however i am definitely going through with this for the inevitable doubters..
Thanks in advance
You can set a PC there and remote into it and do most things this way. You will though on occasion if some things go wrong need those with physical access to do restarts, etc.
As far as lifespan at that price of electricity it's hard to say that is a very very good price ( I would double check and make sure that is correct with all fee's etc in it). It would also depend on difficulty. Difficulty has been slow so far this summer. But no one can tell you what it will be for sure in 6 months or a year. We can speculate yes but no definite anwser. But I would guess they run for quite a while.
I don't see it but with being far away I highly suggest investing in a decent camera system and possible security system depending on cost and location. It is nice to go to sleep and know your miners are safe.
Also if you can do evaporation cooling or fans instead of AC you will save quite a bit of money.