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Author Topic: Whatsminer M20 is announced and available for pre-order  (Read 4090 times)
Searing
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August 25, 2019, 10:19:31 PM
Last edit: August 26, 2019, 01:54:42 AM by frodocooper
 #241

I am 50-50 coin spilt   So my gear always earns  but  lets do some math...

How does this 50/50 work? Just for my education, I doubt it works now.

You buy the equipment and the data hall provides the power?

I assume you take the most risk on this because the Equipment has to ROI for this to make any sense to the data hall guy.

If the equipment you get doesn't float the boat he is not gonna pay electric at a loss.

I assume also, as partners you get his 'real' rates he pays himself for accounting purposes, etc.

Anyway, not like this is gonna work in the near future IMHO.

But is this something like the above or are their other 'catches'?

thanks, interesting take, assuming anything I said above has any merit on my guesses

Brad

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August 25, 2019, 10:38:04 PM
Last edit: August 26, 2019, 01:55:17 AM by frodocooper
 #242

It works great for me if I do all s9s.
It works like shit for him if I do all s9s.

It works great for him if I do all s17 pro gear.
It works meh for me if I do all s17 pro gear.

He has zero risk on gear purchases. I have zero risk on power.

The trick is to blend new and old gear to make it good for me and good for him.

Our mix is 700th newer gear and 216 th s9s.

This blend is okay for him and good for me.  Mostly because I can’t fill to 150kwatts we are at 105-110 kwatts.

I need a decent deal to fill out the remaining 35-45 kwatts.

I have 5 kwatts to add.  So I need maybe 40.

It could be the m20 say 15 to 20 of them. But not for the current price and wait til December.

For that deal to Be okay I need the gear sooner then December.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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August 26, 2019, 12:58:10 AM
Last edit: August 26, 2019, 01:55:36 AM by frodocooper
 #243

50/50 split deal seems dangerous. Would your power guy take a loss to uphold his end of the deal? Or would he just shut it down and send you your gear back? Seems overly stressful since you need to make decisions about what gear to buy and what's good for you is not good for him. Gives me a headache just thinking about it.

I assume you know his operating cost and are making decisions based on that to keep it profitable for both of you?
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August 26, 2019, 01:36:22 AM
Last edit: August 26, 2019, 01:56:29 AM by frodocooper
 #244

What has happened is the newer gear has gone so far up in price  I can't justify buying any new gear.

We are okay for now his profit margin is still plus.  and at this point I will have all 900th paid off. sept 1st.

I could afford to shift deal  if he goes red. ie  60-40  for him.
He is 3 cents.

The power bill is about 2268  he earns about  0.01 btc a day or .30 btc a month  about 3100

he also earns 0.1 ltc a day or 3 ltc a month or  215   usd   so his net is about   3315-2268 = 1047 a month

me and buy solar's net is 3315.  we have almost fully paid off  all gear.  payoff for all gear on hand will be sept 1st.

people don't realize how hard mining is .  the hoster is at 3 cent cost.  and makes 1000 a month or 12,000 on the year.  we will earn about  12,000  from sept to dec.

and at years end have  a lot of gear.  that will need shutting down.  the s9's and the L3+  will all get turned off by jan 31.

so  25 l3+ and 22 s9's  will be shut off.  about 11gh and about 220th  using around  18 + 23 = 41 kwatts  giving us  only 65kwatts burning out of a possible 150.  But I can't justify buying newer gear at stupid high prices.



forget trump tax. forget my deal

the s20 is 45 th at 48 watts a th or 2160 watts.  it earns  45 x 0.0000242 = 0.001089 btc a day or 11-12 bucks

2.16 x 24 = 52 kwatts a day is  2.08  usd so 12-2.08 is 10 bucks a day 1830+120 = 1950 /10 = 195 days  and wait 110 days till you get it   so 305 days to roi  with 4 cent power and no trump tax.  is okay.  but if you are in the USA good luck getting that deal.  most people simply can't get in the game.

I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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