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Author Topic: Is it worth of investing 1.2MLN in Bitfury's BlockBox AC 7.5PH @1.1MW  (Read 8607 times)
jattitude
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January 03, 2017, 02:42:41 PM
 #1

Hi, Need help to take a decision from experienced miners Smiley.

* 1 Container Unit = 7.5 PH of compute power @ 1.1 MW of energy
* BitFury's most advanced 16nm ASIC chip
* Price @ $1.2 MLN per Unit  
* Hosted at a location in Canada

They offer installation at facility in Canada for $27K per month to cover maintenance and electricity.

You can see video of the unite here https://youtu.be/o9VTppeoQW8
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spazzdla
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January 03, 2017, 03:25:18 PM
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Currently you'll earn around $6k a day. However you will earn less each day as the difficulty increases.. It has stopped increasing like crazy though..
philipma1957
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January 03, 2017, 04:01:54 PM
 #3



1,200,000. + 324,000 = 1.5 million

6k. X 365 = 2.1 million

If nothing breaks and diff stays flat.

If diff jumps and price drops you lose.

If diff jumps and price is flat you break even

If diff jumps and price jumps you could make solid money.

Can you afford to lose 1/2 the 1.5 million?   


Cause that is possible

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I mine alt coins with https://simplemining.net I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
alh
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January 03, 2017, 08:17:52 PM
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Over the course of the year you should EXPECT difficulty to increase. The price of BTC is roughly $1000 and may well approach it's all time high this year. That is not a recipe for a flat, much less decreasing, difficulty. One thing to remember though is that at the end you should have something of value, even it isn't still $1.2 Million.

One item I didn't see mentioned: WHEN can this delivery and installation take place? If it's 6 months in the future, that's entirely different than this month.

I haven't tried to do the math, but $27000 for 1.1 Megawatt-Months seems like a really low electricity price. Is that accurate?
digaran
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January 03, 2017, 08:41:00 PM
 #5

I'm no expert in mining but I know the risks involved investing for mining bitcoin, if that money is all you've got then I'd suggest to stop doing what you're about to do and think of other ways to earn an income, but if you can afford to lose at least 50% without getting hurt hard then go for it and try not to sell as soon as you mined the coins but sell just to keep the miners running with no problem and keep most of the coins for long term because bitcoin mining really is only about the future and a decent daily expenses if possible nothing more but the risks are very high.

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jattitude
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January 03, 2017, 10:04:59 PM
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Over the course of the year you should EXPECT difficulty to increase. The price of BTC is roughly $1000 and may well approach it's all time high this year. That is not a recipe for a flat, much less decreasing, difficulty. One thing to remember though is that at the end you should have something of value, even it isn't still $1.2 Million.

One item I didn't see mentioned: WHEN can this delivery and installation take place? If it's 6 months in the future, that's entirely different than this month.

I haven't tried to do the math, but $27000 for 1.1 Megawatt-Months seems like a really low electricity price. Is that accurate?

Yes, $27K per month will cover maintenance and electricity. Unit will be ready in 60 days.
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January 04, 2017, 07:37:28 PM
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I haven't tried to do the math, but $27000 for 1.1 Megawatt-Months seems like a really low electricity price. Is that accurate?

It's super cheap. $27,000 per month is roughly $900 a day, or $37.50 an hour. Using 1.1MW, you're looking at ~$0.034 per kWh. To have that cover both energy *and* maintenance costs is impressive.

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October 06, 2017, 07:53:52 PM
 #8

Curiosity catched me here...

Did you buy this rig?

Must have turned out quite profitable by now, I guess  Roll Eyes

licutis
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November 12, 2017, 03:56:15 AM
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Good luck getting them to respond. I have enquired more than once and received no responses. I don't think they are interested in selling any at this point.
GingerTiger
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November 13, 2017, 08:11:42 AM
 #10

Good luck getting them to respond. I have enquired more than once and received no responses. I don't think they are interested in selling any at this point.

Were you just looking at buying or buying and having them host them also?
Chowdurrr
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November 20, 2017, 08:31:39 AM
 #11

Hi guys, has anyone purchased the container yet? If you had and don't mind sharing your experience so far please PM me. Would highly appreciate it. Cheers.
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Bitfury B8 - 50TH/s - For sale


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November 20, 2017, 02:43:42 PM
 #12

Hi guys, has anyone purchased the container yet? If you had and don't mind sharing your experience so far please PM me. Would highly appreciate it. Cheers.

Hi guys ! we are currently buying one ! will let you know how it goes Smiley
Will keep you updated on this one!

Фермы BT200 (200 TH/s) - Заказ на Февраль
Chan8
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November 23, 2017, 10:44:38 AM
 #13

Hi, Need help to take a decision from experienced miners Smiley.

* 1 Container Unit = 7.5 PH of compute power @ 1.1 MW of energy
* BitFury's most advanced 16nm ASIC chip
* Price @ $1.2 MLN per Unit  
* Hosted at a location in Canada

They offer installation at facility in Canada for $27K per month to cover maintenance and electricity.

You can see video of the unite here https://youtu.be/o9VTppeoQW8

Hello OP, 1.2million is that canadian or USD? Also ive been in contact with bitfury, i think your being overcharged, depending on the deal of rewards mined.
Is this price offered for complete ownership of the container? Or are you splitting some % to bitfury at this price? Could be possible the price offered to you is 100% ownership of the mined rewards?

sockoloons
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November 24, 2017, 08:21:00 PM
 #14

If anyone has experience purchasing this let me know as well. I've been in contact with them and have gotten very different prices. We can confirm with each other what they're offering to different people.

I'm interested in investing in this as well.
ztianf
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November 27, 2017, 12:57:38 AM
 #15

You could try to empty bitmain of s9's if it proves difficult to buy this beast. Probably raising price as btc is worth more now?

c-none
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November 27, 2017, 07:06:44 AM
 #16

AFAIK, you will not own that container.

Once you recover your money, Bitfury takes %50 of profit. It will not be yours, 50/50.
NotFuzzyWarm
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December 05, 2017, 02:29:00 AM
 #17

Hello Everyone!
I am interested to buy bitfury B8, can anyone tell me the genuine web link.
thanks in advance.
Bitfury.com
Their ONLY site. Navigate from there.
Good luck!

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Chaddermando
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December 14, 2017, 08:57:22 PM
 #18

Hi guys, has anyone purchased the container yet? If you had and don't mind sharing your experience so far please PM me. Would highly appreciate it. Cheers.

Hi guys ! we are currently buying one ! will let you know how it goes Smiley
Will keep you updated on this one!


How goes the project?

Also, can you let me know more about the unit you have for sale?
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