Your thoughts on a $3.00 - $3.24 per GH/s per Year Bitcoin Mining Contract

[topminingcontracts]

Cooling is part of the Power Usage Effectiveness (PUE).

Thank You.

Sorry buy you need to review all the plan.

TMC

[bobsag3]

Cooling is part of the Power Usage Effectiveness (PUE).

Thank You.

Sorry buy you need to review all the plan.

TMC

Sorry but you need to understand PUE
http://en.wikipedia.org/wiki/Power_usage_effectiveness
Hes right on track, except I would charge a lot less to host than a data center

[topminingcontracts]

Cooling is part of the Power Usage Effectiveness (PUE).

Thank You.

Sorry buy you need to review all the plan.

TMC

Sorry but you need to understand PUE
http://en.wikipedia.org/wiki/Power_usage_effectiveness
Hes right on track, except I would charge a lot less to host than a data center

I founded and sold 2 ISPs in my life one with a quite big hosting and colocation data center.

If he plan to use Cointerra devices is 1200 W +/- 20% each, the to cool down in a "regular" data center 2440 W per unit with the electricity cost Supercomputing is saying, what is not possible in most States and in just few countries he will need much more money, Is not the same to host 2 or 3 machines that create excessive heat and power usage in a Data Center, that is lost in all the facility, you have 95% customers using less than expected energy and cooling and one 5% over the limit at the end you dont care, If the same guy wish 50 racks all changes, and you review all after seeing your premium customers complaints about the Room temperature and after receiving the electricity bill, as a Data Center owner you call the guy and say "hey joe this is not working for us".

Bitcoin mining require a different Data Center, one where cooling is very cheap and probably uses the outside cool air in some way and outside air needs to be cool, and a lot of electricity, Electricity in bitcoin mining is like the Bandwidth in a regular data center.

We can discuss it if you wish but really Supercomputer has a nice idea but he is not considering many things in the costs area and not only in Data Center, he is doing the number like if a miner is a standalone server that you leave it there and works alone, and the equipment is almost experimental you require to manage the volume of machines he wishes 2 guys 24/7 on site, with knowledge of bitcoin mining, so you need 8 bitcoin mining admins, plus lets say one chief, how he is going to pay that?

The plan is a nice idea but needs a lot of improvement, total cost per machine will be over u$s 250 near $400 most probable.

TMC

[Supercomputing]

Cooling is part of the Power Usage Effectiveness (PUE).

Thank You.

Sorry buy you need to review all the plan.

TMC

Sorry but you need to understand PUE
http://en.wikipedia.org/wiki/Power_usage_effectiveness
Hes right on track, except I would charge a lot less to host than a data center

I founded and sold 2 ISPs in my life one with a quite big hosting and colocation data center.

If he plan to use Cointerra devices is 1200 W +/- 20% each, the to cool down in a "regular" data center 2440 W per unit with the electricity cost Supercomputing is saying, what is not possible in most States and in just few countries he will need much more money, Is not the same to host 2 or 3 machines that create excessive heat and power usage in a Data Center, that is lost in all the facility, you have 95% customers using less than expected energy and cooling and one 5% over the limit at the end you dont care, If the same guy wish 50 racks all changes, and you review all after seeing your premium customers complaints about the Room temperature and after receiving the electricity bill, as a Data Center owner you call the guy and say "hey joe this is not working for us".

Bitcoin mining require a different Data Center, one where cooling is very cheap and probably uses the outside cool air in some way and outside air needs to be cool, and a lot of electricity, Electricity in bitcoin mining is like the Bandwidth in a regular data center.

We can discuss it if you wish but really Supercomputer has a nice idea but he is not considering many things in the costs area and not only in Data Center, he is doing the number like if a miner is a standalone server that you leave it there and works alone, and the equipment is almost experimental you require to manage the volume of machines he wishes 2 guys 24/7 on site, with knowledge of bitcoin mining, so you need 8 bitcoin mining admins, plus lets say one chief, how he is going to pay that?

The plan is a nice idea but needs a lot of improvement, total cost per machine will be over u$s 250 near $400 most probable.

TMC

You are forgetting something which is very important, dissipating 629 kW of power will be handled differently by various data centers. If you are running a dinosaur of a data center which wasn't designed with high efficiency in mind, you will pay for it. I choose to host my equipment in a modern day data center with an efficient design.

There is one thing that you cannot deny in life, different people are good at different things. It is a fact of life.

[MerchantMiner]

Cooling is part of the Power Usage Effectiveness (PUE).

Thank You.

Sorry buy you need to review all the plan.

TMC

Sorry but you need to understand PUE
http://en.wikipedia.org/wiki/Power_usage_effectiveness
Hes right on track, except I would charge a lot less to host than a data center

I founded and sold 2 ISPs in my life one with a quite big hosting and colocation data center.

If he plan to use Cointerra devices is 1200 W +/- 20% each, the to cool down in a "regular" data center 2440 W per unit with the electricity cost Supercomputing is saying, what is not possible in most States and in just few countries he will need much more money, Is not the same to host 2 or 3 machines that create excessive heat and power usage in a Data Center, that is lost in all the facility, you have 95% customers using less than expected energy and cooling and one 5% over the limit at the end you dont care, If the same guy wish 50 racks all changes, and you review all after seeing your premium customers complaints about the Room temperature and after receiving the electricity bill, as a Data Center owner you call the guy and say "hey joe this is not working for us".

Bitcoin mining require a different Data Center, one where cooling is very cheap and probably uses the outside cool air in some way and outside air needs to be cool, and a lot of electricity, Electricity in bitcoin mining is like the Bandwidth in a regular data center.

We can discuss it if you wish but really Supercomputer has a nice idea but he is not considering many things in the costs area and not only in Data Center, he is doing the number like if a miner is a standalone server that you leave it there and works alone, and the equipment is almost experimental you require to manage the volume of machines he wishes 2 guys 24/7 on site, with knowledge of bitcoin mining, so you need 8 bitcoin mining admins, plus lets say one chief, how he is going to pay that?

The plan is a nice idea but needs a lot of improvement, total cost per machine will be over u$s 250 near $400 most probable.

TMC

You are forgetting something which is very important, dissipating 629 kW of power will be handled differently by various data centers. If you are running a dinosaur of a data center which wasn't designed with high efficiency in mind, you will pay for it. I choose to host my equipment in a modern day data center with an efficient design.

There is one thing that you cannot deny in life, different people are good at different things. It is a fact of life.

Sounds good go for it and prove everyone wrong. i will agree though with the previous post that your costs at that level will be high, 629kW is a lot of power and alot of cooling. bit mining is a HOT game. Dose your data center understand this? do they have experience of running BitCoin Mining Rigs?

i personally do this for a hobby and something to keep me occupied , i also support this new style of doing business & god knows i hate the fucking EVIL banks.
More Details needed i dont think this is possible with current tech the margins are too close for something to go wrong, what insurance will you give if you get a weeks worth of DDoS ? or bitcoins fall massively in price?
can i cancel a contract at any point ? too many factors for me to invest in this . i dont have faith in other people im afraid

[nyktalgia1]

Does this exist?

[jixin55]

if you need to cut costs, just change the contract period to 9 months.

i will buy this if this is available.

[Supercomputing]

Does this exist?

No, sorry. However, I am working to put up a 5 megawatt (mostly hydro and wind powered) green facility by the end of 2014. I will even have much better, hosting only, deals then. My contribution to the Bitcoin community will be to provide ridiculously inexpensive hosting solutions. Who would have imagined that I would be trading at $1,100 USD per Bitcoin in 2013.

[jongameson]

i wouldn't even spend 1 ฿.  not that i have that much anyway 

[nyktalgia1]

I got a contract for 4.5 /ghs  hopefully its not a scam :/