New 3 x S7 Miner Setup With 0.0066 $ Elect. Rate

[notlist3d]

Yeah that electricity is too good to be true.

Bad thing is even ifyou got it for free you won't get ROI on your miners. The difficulty is just too high.

Just look at https://bitcoinwisdom.com/bitcoin/difficulty

Estimated Next Difficulty:   174,437,386,800 (+21.04%)

And remember we were at 65M in november (just 3 months ago).

This is pretty much nonsense as  a power rate of zero has a decent chance of getting roi.

You are basing his chances on a 90 day span with a really high growth rate.

sept 2014 to sept 2015 = more the 360 days and the network 2x
oct 2015 to jan 2016 = 90 days and the network 3x

So if we go back to the slower rate he will do okay.
Short term next 90 days we could do 3x again after that we will slow or die

However your statement would be true at a higher rate for power.  10 cents is pretty bad to roi.

he will spend about 4300 watts this is 4.3 x 24 = 100 kwatts a day that is 66 cents a day. 20 usd a month.  Growth will slow again.  I would think he will make a profit.

It all depends on growth and btc value. Both of these are to hard to speculate right now. I think growth is going to be high with new miners, I do hope it drops though I would find 5-10 more sustainable.  I just don't see 20 percent being sustainable, but could be wrong.

Also value I think a lot of new operations are dumping coins to pay for new gear in fiat.  Just  a feeling I have no real proof of it.   If btc gets a big jump in value it's going to change all the numbers better for miners.

[QuintLeo]

Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

 Can you say "HOT"?

 Also, Kuwait is a pretty small and very low population country.

[Nassoor]

Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.

[notlist3d]

Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.

I think it is also part of the environment of the country: https://www.google.com/search?q=Kuwait&ie=utf-8&oe=utf-8#q=Kuwait&tbm=nws

I look up news of countries and see how stable, is news positive, etc.  There are some news I would not want to invest a ton of money on a operation there reading.  And that is just from researching 10 minutes.  Some of the news might make a business look at other places when doing a huge investment on a data center.  We have to remember were talking about the Persian Gulf.

[Myffas]

Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.

I think it is also part of the environment of the country: https://www.google.com/search?q=Kuwait&ie=utf-8&oe=utf-8#q=Kuwait&tbm=nws

I look up news of countries and see how stable, is news positive, etc.  There are some news I would not want to invest a ton of money on a operation there reading.  And that is just from researching 10 minutes.  Some of the news might make a business look at other places when doing a huge investment on a data center.  We have to remember were talking about the Persian Gulf.

I would definetly not invest there. I was more thinking about people living in that area of the world. Almost free electricity is attractive !

[Lintel]

Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.

[philipma1957]

Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.

so if he already has ac and can keep the units cool  he has .66 cent a kwatt power.

add .34 cent for the ac  and he has 1 cent power.

[BitCoinKuwait]

Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.

so if he already has ac and can keep the units cool  he has .66 cent a kwatt power.

add .34 cent for the ac  and he has 1 cent power.

Every building in kuwait has air conditioning so the high temperature is not an issue here .. my antminers temp is under 60 degree all the time and hashing like a beast with AntPool 

[Myffas]

A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

[notlist3d]

A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.

[Myffas]

A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.

Is AC expansive because of initial price or because of the electricity? He has almost free electricity.

I agree with you, evaporative cooling is very effective but lots of CFM, if sufficient, would be my first choice.

Another option would be 2 phases immersion cooling. I've researched deep into this technology and concluded it doesn’t really apply to northern climate like here in Canada. The new 16 nm Bitfury chip and its large overclock ability might make me reconsider using 2PIC.

[notlist3d]

A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.

Is AC expansive because of initial price or because of the electricity? He has almost free electricity.

I agree with you, evaporative cooling is very effective but lots of CFM, if sufficient, would be my first choice.

Another option would be 2 phases immersion cooling. I've researched deep into this technology and concluded it doesn’t really apply to northern climate like here in Canada. The new 16 nm Bitfury chip and its large overclock ability might make me reconsider using 2PIC.

AC is expensive possibly because of both.   But the ongoing cost's for running it are what keep most from using it.  The miners can just put out a lot of heat and get's expensive.

There is a point that standard AC in most houses were not meant to cool down.  If you had enough miners the standard ac setup would not be enough, rooms normally are not set up with asic cooling in mine.  They are set up thinking about keeping it cool is much easier conditions.  Most normally don't get this point though due to the cost of cooling miners with AC.