Access to low cost electricity for Bitcoin/Altcoin Mining

[Bitcoin-Corporation.com]

What is the most significant expense when running a mining operation?

Outside of hardware and space, would it be electricity?

We have access to electricity at a very low cost (unable to disclose source at this point in the possible project) and are now considering starting a mine, and perhaps a pool and need to determine if this electricity discount would make it worthwhile.

Thanks

BC

[cdog]

If you arent already mining and running a pool, it seems highly unlikely that entering at this stage in the game will result in success. If you have a $100k+, maybe try a giant GPU farm.

[cp1]

The most expensive part is that you could have just bought bitcoins instead.

[Omikifuse]

If you arent already mining and running a pool, it seems highly unlikely that entering at this stage in the game will result in success. If you have a $100k+, maybe try a giant GPU farm.

Asics for Scrypt is coming out. Not worth the risk..

[ymer]

If you arent already mining and running a pool, it seems highly unlikely that entering at this stage in the game will result in success. If you have a $100k+, maybe try a giant GPU farm.

Asics for Scrypt is coming out. Not worth the risk..

Well we can't be sure until someone actually delivers

[Bitcoin-Corporation.com]

Thanks for the insights so far.

So when you say "... you could have just bought bitcoins instead.", are you saying that even if electricity isn't much of a factor you believe the value of bitcoins bought will rise faster than the current technology's ability to generate value from mining?

BC

[railzand]

*Bitcoin-Corporation.in Corporate Agent. Bitcoin All In One Earning System:
eCurrency Exchange, Earnings Cycler & Matrix, Non-Ponzi Higher Yield Investments, Paid To Click/Paid To Read Ads, and Surf Exchange.
http://bitcoincorporation.net/

all this crap will cost you dear

[BTCIndia]

What is the most significant expense when running a mining operation?

Outside of hardware and space, would it be electricity?

We have access to electricity at a very low cost (unable to disclose source at this point in the possible project) and are now considering starting a mine, and perhaps a pool and need to determine if this electricity discount would make it worthwhile.

Thanks

BC

Yeah! Electricty is going to be biggest determining factor for running mines in long run.
And Electricity source? LOL! Business is invited to Chhattisgarh, India. Electricity is really-really cheap here. Plus, if you establish electronic mines in agricultural area. I'm sure you'd extra benefits. It's damn easy to establish power plant here. Want electricity tariff?

Business query welcomed!

[zsfx]

If you get electricity cheap (I do where I live as well - very near to nuclear power plant), then maintenance would probably be your biggest expense.
If you are intending to have shareholders on your mining operation, then you'll want to ensure as close to 24/7/365 uptime as possible.

[e521]

yes electricity will be the main cost and maintenance if you need to hire people to monitor and fix
I would exclude india tho, not very bitcoin friendly

[vadoff]

The biggest cost is hardware, and whether that investment will ever return enough btc/ltc to pay for itself during it's lifetime.
Electricity/housing/etc cost is all negligible.

[libitum]

"ASIC for Scrypt is coming"... I have hear that for long time already. Still nothing concrete. Maybe by end of 2014.

On the other hand. GPU for Scrypt might have a very short lifespan.

[coins101]

Salaries for people looking after everything.

[bit.alex]

Yeah, there's little possibility in my opinion that Scrypt ASIC's will arrive anytime soon.

Do your calculation. With a 500W miner, you consume 1 kWh in 2 hours. 12 kWh in 1 day. 360 kWh in one month - which at $0.16/kWh is under $60. Compare it to your planned mining revenue and decide if it's significant.

[oberstkrieger]

If you arent already mining and running a pool, it seems highly unlikely that entering at this stage in the game will result in success. If you have a $100k+, maybe try a giant GPU farm.

Asics for Scrypt is coming out. Not worth the risk..

trusted source?

[frankenmint]

What is the most significant expense when running a mining operation?

Outside of hardware and space, would it be electricity?

We have access to electricity at a very low cost (unable to disclose source at this point in the possible project) and are now considering starting a mine, and perhaps a pool and need to determine if this electricity discount would make it worthwhile.

Thanks

BC

I need cheap electricity for sure - do you have 800 Amp Service panel available for me exclusively?  Do you have a good living space of...say....1000 sq feet with the privacy of an apartment to share?  Are you in the US?  If you answered yes to all the above then PM me asap(ish)

[tom_o]

Yeah, there's little possibility in my opinion that Scrypt ASIC's will arrive anytime soon.

Yeah no possibly at all...

http://gridseed.com/main.php
http://mall.diginforce.com/goods.php?id=39

[frankenmint]

Yeah, there's little possibility in my opinion that Scrypt ASIC's will arrive anytime soon.

Yeah no possibly at all...

http://gridseed.com/main.php
http://mall.diginforce.com/goods.php?id=39

Forgot these guys: http://alpha-t.net/