This is great, please give me a list of the equipment so I can properly address this. What you are talking about is actually quite a load. We are talking about 7,360 watts at 230 which at 115-120v would be 64 amps. For a full rack in the U.S., you usually only get 40 amps at 120v per rack. That means they will need to bring their electrician in to wire for your rack. Next, 2 tons of cooling will need to be dedicated from their capacity just for your load. In addition you will need to confirm they will run the ambient temperature at 74-77 degrees or you will lose hashing due to higher temps.
First of all let me be clear I'm not trying to attack the great service you are trying to offer to the bitcoin community, I'm just trying to figure out how if electricity is so cheap at your end and electricity here costs EUR 0.22 / kWh, what is causing the price difference.
The price I quote is for 2 full 42 racks with 16 A each, so 3600 Watts each. This is a standard colocation with all the usual UPS, redundant power feeds, rundant internet feeds, cooling, individually locked cabinets, palm reading entrance, 24h on site monkeys.
77 degrees F is about 25 degrees C so that is standard (in the front of the rack, the back vents
out to a hallway that extracts the hot air)
I am paying a fixed fee per 2 racks, in your case one is only charged for the actual power consumption
Last, what is the length on contract they are asking you to sign (standard 1 year in the U.S. for co-location) and are they asking for any of it upfront?
The length of the contract is 6 months. There is a EUR 800 setup fee though, so it makes sense to have it for 12 months, but with current difficulty, I don't plan that far ahead ;-)
Payments are due each month
Also is your gear insured while in their data-center?
There is a general insurance in case of fire, flooding, damage caused by the monkeys.
There is no theft insurance, that you have to deal with yourself (but let's be honest, some of the most busy and expensive site are in the same colo, much more interesting hardware to be stolen)
Question: This setup sounds impressive, can you using a mining calculator and tell me what $2,539.00 a month represents are a percentage of total income?
I currently have 8 avalons hosted like that for a total 730 GH/s, this brings in about BTC 4.4 daily right now. Next difficulty, it will be BTC 3.3. Next difficulty it might be BTC 2.5.
This month it should be about BTC 100. This is about EUR 10k. The hosting cost is EUR 1200, so 12% is the percentage of total income.
By Xmas this will have increased to about 100% so by then the equipment will be replaced with 28 nm ASICS or it will run negative profit.
I totally understand, not offend even a little bit. Thank you. Now I will address each one, I will quote and respond.
First off I want to say, we built this from scratch and we do not have million dollar facilities and literally tons of unused hosting capacity that now I can use to this niche. I am a simple miner and Bitcoiner like the rest. I hope people keep that in mind and support use because we support the community and care. If that is the comparison then there is no point. I am trying to build something more personal and we have value-added services coming online that you will not find at a traditional DC. Some people will care others will not. Also a DC is not their to manage your miners and focus on making sure they are hashing optimally.
WE ARE, FOR MINERS BY MINERS!I'm just trying to figure out how if electricity is so cheap at your end and electricity here costs EUR 0.22 / kWh, what is causing the price difference.I'll tell you, cooling (real important and not cheap) and all the other costs that go into running the business, rent (low), power (low), staff (medium-low), insurance (low), networking (pretty low). It is not just your power, people have to put in all the input costs and their time.
The price I quote is for 2 full 42 racks with 16 A each, so 3600 Watts each.By my calculation that would not be enough amps for 4 per rack (I am getting 5.25 to 7.91 amps depending on the modules). You want 20% overhead to not overload the circuit. If they are giving you 230v at 16amps then you may be covered.
77 degrees F is about 25 degrees C so that is standard (in the front of the rack, the back vents
out to a hallway that extracts the hot air)On the upper limit. I found 74-75 is the sweet spot but that works.
I am paying a fixed fee per 2 racks, in your case one is only charged for the actual power consumption. We charge based on the continual load. Mining is a 24/7 operation. We are a fixed fee as well.
The length of the contract is 6 months. There is a EUR 800 setup fee though, so it makes sense to have it for 12 months, but with current difficulty, I don't plan that far ahead ;-) Payments are due each month.
We charge no setup fee, if I figured in that fee in USD that would add an additional 177 per month. We also do not force our customer into a long term contract. That is the real deal breaker if you look at it. Ask yourself this, at this rate, what will your gear produce 6-12 month in the future? That is where we shine. Also we accept USD and BTC so there is another option for miners.
This month it should be about BTC 100. This is about EUR 10k. The hosting cost is EUR 1200, so 12% is the percentage of total income.Make sure you calculate in the setup and tear-down costs. Bottom-line is that these early ASIC units generate more heat and use more power compared to newer units where are prices are lower and they generate more. We charge based on resource usage. Think about it like a car, low MPG means on average lower upfront costs BUT higher operating costs over time. The difference is that GAS (read: difficulty) is only going up even though the operating costs are the same. I wish not so much pre-order hardware was purchased but that is the hand we are dealt. If there is a better way, please tell me
