philipma1957
Legendary
 Online
Activity: 4144
Merit: 7957
'The right to privacy matters'
|
 |
August 04, 2018, 04:04:01 PM |
|
how do you survive in this bear trend with mining? I admire your goals and long term efforts and one day I hope to have your dreams, But how do you survive this winter storm?
I guess he is not selling any coin he is mining right now and the money he has, he is using to pay the bills as he goes, mining was profitable, last year was 100 days to get your money back, so he might be at loss today but last year he was up, so there is a balance there, fat cows last year, slim cows this year and hopefully fat cows next year, this is called planning cause everybody knows fat cows will lose weight and then regain it back and will lose again. That is how life is in general, ups and downs, need to be strong when cows are slim and wise when cows are fat. I wish more people had this understanding. I can't wrap my mind around how some people just can't look at a longer term picture and only look at daily fiat profits. I can't say it enough ... If you're cashing out into fiat on a regular basis, mining isn't for you. Maybe it will work out in the end, maybe it won't. You don't get ahead in any business without taking risks. It's very hard for me to look at the long term picture where I am paying on average 35 cents home mining with 31 gpus. Tier 3. I think I'm losing $200 every month. Not sure how long I can keep this up. Just using my day job to cover electric cost and not selling a single coin 35 cents a kwatt = you lose almost all long term mining needs power under 15 cents. you need to find some hosting or forget mining. |
|
|
|
|
lunobird
|
|
August 04, 2018, 04:51:25 PM |
|
how do you survive in this bear trend with mining? I admire your goals and long term efforts and one day I hope to have your dreams, But how do you survive this winter storm?
I guess he is not selling any coin he is mining right now and the money he has, he is using to pay the bills as he goes, mining was profitable, last year was 100 days to get your money back, so he might be at loss today but last year he was up, so there is a balance there, fat cows last year, slim cows this year and hopefully fat cows next year, this is called planning cause everybody knows fat cows will lose weight and then regain it back and will lose again. That is how life is in general, ups and downs, need to be strong when cows are slim and wise when cows are fat. I wish more people had this understanding. I can't wrap my mind around how some people just can't look at a longer term picture and only look at daily fiat profits. I can't say it enough ... If you're cashing out into fiat on a regular basis, mining isn't for you. Maybe it will work out in the end, maybe it won't. You don't get ahead in any business without taking risks. It's very hard for me to look at the long term picture where I am paying on average 35 cents home mining with 31 gpus. Tier 3. I think I'm losing $200 every month. Not sure how long I can keep this up. Just using my day job to cover electric cost and not selling a single coin You're paying 35 cents usd/kwh? Where do you live? And yes, if that is the case, I wouldn't be mining even on a small scale. That's almost four times what I pay for electricity in the Midwest United States. I'm paying around 0.09-0.010 usd/kwh. I don't know what kind of gpu's you are mining with, but we're mining with the exact number of gpu's ... I have 15 1070ti's, 6 Vega 56's, 2 1080's, and 8 1080ti's. At 80% tpd, it's costing me about $500/month ... That's with box fans, exhaust fan, ect. Yes I think we sorta followed the same path, I got into crypto early last year, I mostly bought coins, took profits to buy gpus throughout the year as a hedge. For gpus I have these below. 31 total. Running at max efficiency 60 TDP, Titanium t2 power supply, 240 volt setup with 1400 cfm ceiling exhaust fan, Uses about $1k in electric and coin generated somewhere around 1k worth breaking even. 1x- 1070 18x- 1070 ti 3x - 1080 9x - 1080 ti for Asic i have, these are hosted 1x- z9 mini 1x- x3 1x - L3+ Overall Asics might be a better choice for me, Once the early phase is over I have a chance to host them easily. GPU's are so finicky and large so not as easy to host. Home Mining in california san francisco bay area is not easy in bear trends. |
|
|
|
|
gotminer
Member
 Offline
Activity: 644
Merit: 24
|
|
August 04, 2018, 05:07:43 PM |
|
how do you survive in this bear trend with mining? I admire your goals and long term efforts and one day I hope to have your dreams, But how do you survive this winter storm?
I guess he is not selling any coin he is mining right now and the money he has, he is using to pay the bills as he goes, mining was profitable, last year was 100 days to get your money back, so he might be at loss today but last year he was up, so there is a balance there, fat cows last year, slim cows this year and hopefully fat cows next year, this is called planning cause everybody knows fat cows will lose weight and then regain it back and will lose again. That is how life is in general, ups and downs, need to be strong when cows are slim and wise when cows are fat. I wish more people had this understanding. I can't wrap my mind around how some people just can't look at a longer term picture and only look at daily fiat profits. I can't say it enough ... If you're cashing out into fiat on a regular basis, mining isn't for you. Maybe it will work out in the end, maybe it won't. You don't get ahead in any business without taking risks. It's very hard for me to look at the long term picture where I am paying on average 35 cents home mining with 31 gpus. Tier 3. I think I'm losing $200 every month. Not sure how long I can keep this up. Just using my day job to cover electric cost and not selling a single coin You're paying 35 cents usd/kwh? Where do you live? And yes, if that is the case, I wouldn't be mining even on a small scale. That's almost four times what I pay for electricity in the Midwest United States. I'm paying around 0.09-0.010 usd/kwh. I don't know what kind of gpu's you are mining with, but we're mining with the exact number of gpu's ... I have 15 1070ti's, 6 Vega 56's, 2 1080's, and 8 1080ti's. At 80% tpd, it's costing me about $500/month ... That's with box fans, exhaust fan, ect. Yes I think we sorta followed the same path, I got into crypto early last year, I mostly bought coins, took profits to buy gpus throughout the year as a hedge. For gpus I have these below. 31 total. Running at max efficiency 60 TDP, Titanium t2 power supply, 240 volt setup with 1400 cfm ceiling exhaust fan, Uses about $1k in electric and coin generated somewhere around 1k worth breaking even. 1x- 1070 18x- 1070 ti 3x - 1080 9x - 1080 ti for Asic i have, these are hosted 1x- z9 mini 1x- x3 1x - L3+ Overall Asics might be a better choice for me, Once the early phase is over I have a chance to host them easily. GPU's are so finicky and large so not as easy to host. Home Mining in california san francisco bay area is not easy in bear trends. Maybe you should look into getting your gpu rigs hosted somewhere that electricity isn't as expensive. |
Ok, I want you to walk back in there and very calmly, very politely tell the risk assessors to fuck off! -Mark Baum
|
|
|
|
dagarair (OP)
|
|
August 04, 2018, 05:56:37 PM
Last edit: September 18, 2019, 09:52:59 PM by mprep |
|
@ lunobird Pretty much what metroid said. I try and hold as much as I can and only sell when absolutely necessary. @ Marvell2 I'll be renting soon but I wanted to get all my stuff up first  should be about .13 cents all in per kw @ mochaaa Really its kinda loud in there. The giant exaust fans louder. @ gotminer I don't get it either. But most cant afford to sit on them because they wawnt to sell to pay for power. @ lunobird I'll be renting soon but will be 10kw min and about 95$ a kw (.13 cents or so) FYI My breakeven is 85-87 so i'm not getting rich off it, just keeping the lights on. @ philipma1957 Yep
FIRST OF ALL - I know many of you all have better rates than this at home and if you don't want this service move on. Don't post crap stuff here please as most sane people know this is pretty fair deal. OK onto the soup: I Have received many, many PM's for hosting. YES! I will rent space out and the rate is 95$ a KW, MINIMUM of 10kw. That's about 13 cents. I pay a little less than that of course in electricity, but the cost to build this facility was immense and I have to try and recoup some of that. A little about me and company. I have been in crypto for 4-5 years now and love it! I'm an IT guy before it was cool to be IT, late 80's-90's. I have owned and operated www.minerdude.com for quite some time but recently I decided to stop selling miners, since everyone and their dog is doing it now, and start to do pure hosting. Please pardon the website as it's a work in progress for the transition. DON't BUY anything on it yet before speaking with me or my staff. Number to contact us is on the site, or you can email or a PM here. OMG what a concept right you can actually call us. What I offer: (more to follow) Top Notch 42,000 square foot Facility Full monitoring (all my Power Switches are metered and switched so you will be able to VPN in and reboot yourself) Security - I invested quite a bit to secure every inch of this area. We are adding more weekly. Cameras, keypads etc. No one is allowed back there unless they go through a background check plus have a ton of machines. If you have 20 or less - I will set them up or a supervisor will be with you at all times. Cameras everywhere, inside and out. Working on 24/7 security company to office out of here. Should have that in a month or 2 Few Rules: (more to follow) 1.) Must be more than 10kw of usage per customer 2.) 2-6 Month prepay then before the next pay month you must pay or I'll shut you off till you do (crypto is OK and preferred but Wire, Check, CC OK) BTC, LTC, ETH, ZEC - Example you paid 2 months prepaid may, June (paid) if you don't pay June 30 for July your machines will power down at midnight until that fee is paid. 3.) I was going to put 1 year contract in place but I'll waive that after you pass your prepay period(you still need to sign a contract but it will be month to month) 4.) This is standard but no one tells you this: My insurance will not cover your stuff! If you want it insured then you need to get renters insurance etc. I can point you in the right direction should you want to persue this, most don't. 5.) NO WOODEN Rigs - Massive Liability and fire hazard 6.) Reboot services * if we are manually rebooting more than 2 - 3 times a week there will either be a tech fee to try and fix it or take it offline and ship it back to you for repair. 7.) NO WOODEN RIGS - did i say that again? =) More to come! Just tossing this out there. I have already put 1mw of customers in here and I have 2 mw left. It's filling up pretty quick, kind of nice =) People from Europe especially sending equipment over because of their high rate. |
|
|
|
Lunga Chung
Member
Offline
Activity: 277
Merit: 23
|
|
August 10, 2018, 04:41:01 PM |
|
1.) Must be more than 10kw of usage per customer
2.) 2-6 Month prepay then before the next pay month you must pay or I'll shut you off till you do (crypto is OK and preferred but Wire, Check, CC OK) BTC, LTC, ETH, ZEC - Example you paid 2 months prepaid may, June (paid) if you don't pay June 30 for July your machines will power down at midnight until that fee is paid.
3.) I was going to put 1 year contract in place but I'll waive that after you pass your prepay period(you still need to sign a contract but it will be month to month)
4.) This is standard but no one tells you this: My insurance will not cover your stuff! If you want it insured then you need to get renters insurance etc. I can point you in the right direction should you want to persue this, most don't.
5.) NO WOODEN Rigs - Massive Liability and fire hazard
6.) Reboot services * if we are manually rebooting more than 2 - 3 times a week there will either be a tech fee to try and fix it or take it offline and ship it back to you for repair.
7.) NO WOODEN RIGS - did i say that again? =)
More to come! Just tossing this out there.
I have already put 1mw of customers in here and I have 2 mw left. It's filling up pretty quick, kind of nice =) People from Europe especially sending equipment over because of their high rate.
6.) Reboot services * if we are manually rebooting more than 2 - 3 times a week there will either be a tech fee to try and fix it or take it offline and ship it back to you for repair. This part can be resolved with 16-Channel 12V Relay Module (or 8 channel), you can easily provide all your customers with a web based dashboard for rig restarting Everything else seems in order |
|
|
|
|
|
lunobird
|
|
August 10, 2018, 04:45:03 PM |
|
FIRST OF ALL - I know many of you all have better rates than this at home and if you don't want this service move on. Don't post crap stuff here please as most sane people know this is pretty fair deal. OK onto the soup: I Have received many, many PM's for hosting. YES! I will rent space out and the rate is 95$ a KW, MINIMUM of 10kw. That's about 13 cents. I pay a little less than that of course in electricity, but the cost to build this facility was immense and I have to try and recoup some of that. A little about me and company. I have been in crypto for 4-5 years now and love it! I'm an IT guy before it was cool to be IT, late 80's-90's. I have owned and operated www.minerdude.com for quite some time but recently I decided to stop selling miners, since everyone and their dog is doing it now, and start to do pure hosting. Please pardon the website as it's a work in progress for the transition. DON't BUY anything on it yet before speaking with me or my staff. Number to contact us is on the site, or you can email or a PM here. OMG what a concept right you can actually call us. What I offer: (more to follow) Top Notch 42,000 square foot Facility Full monitoring (all my Power Switches are metered and switched so you will be able to VPN in and reboot yourself) Security - I invested quite a bit to secure every inch of this area. We are adding more weekly. Cameras, keypads etc. No one is allowed back there unless they go through a background check plus have a ton of machines. If you have 20 or less - I will set them up or a supervisor will be with you at all times. Cameras everywhere, inside and out. Working on 24/7 security company to office out of here. Should have that in a month or 2 Few Rules: (more to follow) 1.) Must be more than 10kw of usage per customer 2.) 2-6 Month prepay then before the next pay month you must pay or I'll shut you off till you do (crypto is OK and preferred but Wire, Check, CC OK) BTC, LTC, ETH, ZEC - Example you paid 2 months prepaid may, June (paid) if you don't pay June 30 for July your machines will power down at midnight until that fee is paid. 3.) I was going to put 1 year contract in place but I'll waive that after you pass your prepay period(you still need to sign a contract but it will be month to month) 4.) This is standard but no one tells you this: My insurance will not cover your stuff! If you want it insured then you need to get renters insurance etc. I can point you in the right direction should you want to persue this, most don't. 5.) NO WOODEN Rigs - Massive Liability and fire hazard 6.) Reboot services * if we are manually rebooting more than 2 - 3 times a week there will either be a tech fee to try and fix it or take it offline and ship it back to you for repair. 7.) NO WOODEN RIGS - did i say that again? =) More to come! Just tossing this out there. I have already put 1mw of customers in here and I have 2 mw left. It's filling up pretty quick, kind of nice =) People from Europe especially sending equipment over because of their high rate. This is great. I have 31 Nvidia gpus a mix of 1070 to, 1080, 1080 ti. I think it only uses up 4.5 kw so I'm only half of the minimum requirement. Any chance you might allow for an exception with the intent that i will scale up to 10kwatt when new nvidia GPU arrive.? My rigs are turned off since I'm paying 30 cents average |
|
|
|
|
RsvTu
Newbie
Offline
Activity: 42
Merit: 0
|
|
August 10, 2018, 07:26:04 PM |
|
Great project  ! Love to see projects like this. Interested what PDUs are you using, im strugling to find any on decent price that can take higher Amps? Good luck with this and I think you are on the right path . |
|
|
|
|
|
dagarair (OP)
|
|
August 10, 2018, 11:30:16 PM |
|
Great project ! Love to see projects like this. Interested what PDUs are you using, im strugling to find any on decent price that can take higher Amps? Good luck with this and I think you are on the right path . Eaton 300Kva PDU - 480V in 208 out. StuUUUUUUUppppid expensive. |
|
|
|
arielbit
Legendary
Offline
Activity: 3416
Merit: 1059
|
|
August 11, 2018, 03:53:40 AM |
|
how do you survive in this bear trend with mining? I admire your goals and long term efforts and one day I hope to have your dreams, But how do you survive this winter storm?
I guess he is not selling any coin he is mining right now and the money he has, he is using to pay the bills as he goes, mining was profitable, last year was 100 days to get your money back, so he might be at loss today but last year he was up, so there is a balance there, fat cows last year, slim cows this year and hopefully fat cows next year, this is called planning cause everybody knows fat cows will lose weight and then regain it back and will lose again. That is how life is in general, ups and downs, need to be strong when cows are slim and wise when cows are fat. bears hibernate during winter, fats are stored....spring will come and the bears will feast again.. in crypto land the wise and lucky ones have enough fats.. |
|
|
|
|
saltyminer
Copper Member
Newbie
Offline
Activity: 64
Merit: 0
www.bitpoolmining.com
|
|
August 11, 2018, 05:10:42 AM |
|
It's always inspiring to see posts like these. Great work and good luck!
|
|
|
|
RsvTu
Newbie
Offline
Activity: 42
Merit: 0
|
|
August 11, 2018, 09:56:31 AM |
|
Great project ! Love to see projects like this. Interested what PDUs are you using, im strugling to find any on decent price that can take higher Amps? Good luck with this and I think you are on the right path . Eaton 300Kva PDU - 480V in 208 out. StuUUUUUUUppppid expensive. Thanks, Nice  ! seems cool, how about switched PDUs you have them? I find quite many but most of them are 32A only, Company called Raritan seem to have some but I dont have experience of that. |
|
|
|
|
|
dagarair (OP)
|
|
August 11, 2018, 05:15:02 PM |
|
Yep these are Server tech metered and switched cdu's 3 phase 208v 30A
Raritan bought them. They are 8.4 so you can run 6 s9 or anything else about that power per 1K cdu. Sweet huh! Cost of doing shizzy correct.
|
|
|
|
Minmatt
Jr. Member
Offline
Activity: 114
Merit: 3
|
|
August 27, 2018, 11:45:27 AM |
|
Awesome mining facility !!
you have to be brave to invest in such a way knowing that mining is becoming less and less profitable. After with such an installation, it must be profitable
Well done for that !
|
|
|
|
|
|
DevelopmentBank
|
|
August 27, 2018, 12:04:38 PM |
|
I have owned and operated www.minerdude.com for quite some time but recently I decided to stop selling miners.. First of, great job with the mining facility bro, you've got more balls of steel than any of us. However, you may want to consider getting a designer or developer for that website of yours. If i didn't know you from these forums i honestly wouldn't touch it with a ten foot pole. It looks like a high school kid's scam attempt. No offense, just constructive criticism. Hit me up if you need help with it. |
|
|
|
|
|
dagarair (OP)
|
|
September 04, 2018, 02:42:20 PM
Last edit: September 18, 2019, 09:54:35 PM by mprep |
|
Yeah, I quickly changed it from parts and pcs to data center. It looks horrible. I am about to get some bids on making it nice and accepting crypto automatically like the anti-christ bitmain does etc. If interested hit me up.
More Stuff! More Ventilation and Hot Isles in! - These are 8ft x 8ft and I installed 2 of them Rear Docks - converted to Supply Vents  Close Up  HOT ISLES IN!     |
|
|
|
|
Marvell2
|
|
October 17, 2018, 03:07:41 AM |
|
crazy shit lol
|
|
|
|
|
|
dagarair (OP)
|
|
October 17, 2018, 03:04:32 PM |
|
Thanks bud! I call that one complete setup a Pod and this warehouse can hold 5. I already started on the second. More pics to come |
|
|
|
|
lotfiuser
|
|
January 06, 2019, 10:39:22 PM |
|
i really like the idea but what about now is it profitable now ? and what if someone dont use all his power do you refund him for the rest or it will be a lose
|
Free palestine
|
|
|
|
dagarair (OP)
|
|
January 08, 2019, 12:41:27 AM |
|
i really like the idea but what about now is it profitable now ? and what if someone dont use all his power do you refund him for the rest or it will be a lose
At .10 cents yes its actually profitable right now. On power consumption, if you buy 10kw its billed as 10kw (if your machine is offline, broken etc) it's up to you to fix it or if its dead then that will be removed the follwing month. This is very standard at data farms. Say you have 10 machines pulling 1K each = 10kw. one dies next month IF YOU WANT IT SENT BACK or its permanent dead i'll adjust to 9kw. if its offline a week you still pay 10kw. |
|
|
|
|
lunobird
|
|
January 28, 2019, 05:33:35 AM |
|
i really like the idea but what about now is it profitable now ? and what if someone dont use all his power do you refund him for the rest or it will be a lose
At .10 cents yes its actually profitable right now. On power consumption, if you buy 10kw its billed as 10kw (if your machine is offline, broken etc) it's up to you to fix it or if its dead then that will be removed the follwing month. This is very standard at data farms. Say you have 10 machines pulling 1K each = 10kw. one dies next month IF YOU WANT IT SENT BACK or its permanent dead i'll adjust to 9kw. if its offline a week you still pay 10kw. Is there anyway for you to get that energy cost lower? I see other mining data centers able to get their electric cost down to 8 cents, some of the lucky ones even down to 5 cents. I am just curious b/c I would like to have a data center like you one day if i ever make it rich in crypto. |
|
|
|
|
|
