Bitmains at it again -BitDeer-

[WhyFhy]

Electricity Fee $ 48.50  = $0.0970/T/Day × 50T × 10Days

Says bitdeer site. These guys are crazy. Its almost like a kickstarter in disguise if you really break it down.
Taking cost of production into consideration this is insane.

$0.0970/T/Day Currently 1TH a day makes about $0.20- a day right?

[philipma1957]

Electricity Fee $ 48.50  = $0.0970/T/Day × 50T × 10Days

Says bitdeer site. These guys are crazy. Its almost like a kickstarter in disguise if you really break it down.
Taking cost of production into consideration this is insane.

$0.0970/T/Day Currently 1TH a day makes about $0.20- a day right?

let me check that

[ccgllc]

Electricity Fee $ 48.50  = $0.0970/T/Day × 50T × 10Days

Says bitdeer site. These guys are crazy. Its almost like a kickstarter in disguise if you really break it down.
Taking cost of production into consideration this is insane.

$0.0970/T/Day Currently 1TH a day makes about $0.20- a day right?

let me check that

More-or-less, yes, my miners are showing about $0.20/TH/day right now of earnings, a lot less than that in profit of course.

But your spending money up front and buying a multi-month contract.  As difficulty changes every 2 weeks, the longer the contract, the higher the risk.  For instance, using rough numbers, in 2017 the difficulty rose by 7X.  If you bought their 1 year contract at $0.0705/t/day, that would start out as $0.13/day in profit, and drop to $0.04/day in loss by the end of the year.  Obviously rough math, but I think it illustrates the point.

[philipma1957]

Op is quoting s15 power deal.

If you are to buy the s15 contract from them and they charge you s15 power prices while mining with modded super efficient s17s they score and you have zero repeat zero ability to see the miners in play.

When people were getting s9s doing 100 watts a th bitmain had firmware that allowed for 82-85 watt mining.

Many large miners and farms had that edge.

Basically bitmain breaks endless rules of accounting and has no accounting external audits.

Or bitmain is full honest breaks no rules and is full audited via external audit companies they simply choose to not publish the audits.

Take your pick they still wield a mighty pickax in the mining world.

[WhyFhy]

Op is quoting s15 power deal.

If you are to buy the s15 contract from them and they charge you s15 power prices while mining with modded super efficient s17s they score and you have zero repeat zero ability to see the miners in play.

When people were getting s9s doing 100 watts a th bitmain had firmware that allowed for 82-85 watt mining.

Many large miners and farms had that edge.

Basically bitmain breaks endless rules of accounting and has no accounting external audits.

Or bitmain is full honest breaks no rules and is full audited via external audit companies they simply choose to not publish the audits.

Take your pick they still wield a mighty pickax in the mining world.

They make 100% sure they stay ahead. From the time you buy it or rent it you already lost these days. Plug it in "initialization fee"  cash out %'s etc. It would be interesting to see a competitor come just on hardware value alone like graphics cards. Something that tries to follow Moore's Law. And is just 100% upfront.