|
|
|
readysalted89
|
 |
February 06, 2015, 06:44:50 PM |
|
How much of that would be profit at today's prices? I don't know what Chinese electricity prices are. |
|
|
|
|
AgentofCoin
Legendary
 Offline
Activity: 1092
Merit: 1001
|
|
February 06, 2015, 06:50:49 PM |
|
How much of that would be profit at today's prices? I don't know what Chinese electricity prices are. Video says that their electricity costs are $80,000 a month. I think that is per location, but not sure. Good video, i enjoyed it. Thanks. |
I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
|
|
|
newIndia
Legendary
Offline
Activity: 2212
Merit: 1049
|
|
February 06, 2015, 06:56:58 PM |
|
Is it Discus Fish anyway ? |
|
|
|
o0‡0o
Full Member
Offline
Activity: 227
Merit: 103
Have faith.
|
|
February 06, 2015, 06:58:41 PM |
|
They have there own generator and as such depend on the oilprice, the real cheap black shit like they use on the big ships
|
Get used to it.
|
|
|
|
Beliathon
|
|
February 06, 2015, 07:22:26 PM |
|
They have there own generator and as such depend on the oilprice, the real cheap black shit like they use on the big ships
That's actually brilliant. |
|
|
|
hilariousandco
Global Moderator
Legendary
 Online
Activity: 3822
Merit: 2619
Join the world-leading crypto sportsbook NOW!
|
|
February 06, 2015, 07:31:52 PM |
|
They sure won't be making 1.5 million a month with these current prices. I wonder when this was filmed? I watched the trailer earlier today but will watch the whole thing when they put it on their YouTube channel.
|
|
|
|
o0‡0o
Full Member
Offline
Activity: 227
Merit: 103
Have faith.
|
|
February 06, 2015, 07:35:40 PM |
|
They sure won't be making 1.5 million a month with these current prices. I wonder when this was filmed? I watched the trailer earlier today but will watch the whole thing when they put it on their YouTube channel.
it was made when the price was $375 |
Get used to it.
|
|
|
BitUsher (OP)
Legendary
Offline
Activity: 994
Merit: 1034
|
|
February 06, 2015, 07:49:57 PM |
|
They sure won't be making 1.5 million a month with these current prices.
Oil is cheaper now so electricity may have gone down for them and difficulty has leveled off so they probably are making less but not that much less in profits. In addition on must consider them phasing out their old hardware and using newer hardware which could make them even more profitable as difficulty increases has flat-lined. One neat thing is they don't have a heating bill as office and housing is nice and toasty. Would be better if they recaptured more of that heat though, perhaps they will do so to increase profits for future mines? |
|
|
|
|
ebliever
Legendary
Offline
Activity: 1708
Merit: 1035
|
|
February 06, 2015, 08:53:45 PM |
|
The authors of the article sounded surprised that the operators live on site. That's actually pretty normal in China. I have a sister-in-law who is a rep for Chinese manufacturers and she's had to get used to that on her trips to China.
Granted their electricity costs are down, as well as BTC profits, but I wonder how viable they are when the cost of the frequent upgrades of their ASIC hardware is thrown in. I expect to see a good chunk of the manufacturing capacity for BTC mining hardware to disappear in 2015, along with serious consolidation between the hardware manufacturers. Unless the price spikes back up.
|
Luke 12:15-21
Ephesians 2:8-9
|
|
|
girb16
Newbie
Offline
Activity: 36
Merit: 0
|
|
February 06, 2015, 09:04:11 PM |
|
Leave it to the Chinese to maximize output. They do it in farming and manufacturing, why not Bitcoin.
|
|
|
|
|
redsn0w
Legendary
Offline
Activity: 1778
Merit: 1042
#Free market
|
|
February 06, 2015, 09:06:51 PM
Last edit: February 06, 2015, 09:28:37 PM by redsn0w |
|
Awesome video , ~ 4'000 bitcoin per month it is very great. The unique problem now it is the low price of it, but maybe they can hold a part ( and pay the electricity bill + "workers").
|
|
|
|
|
unamis76
Legendary
Offline
Activity: 1512
Merit: 1009
|
|
February 06, 2015, 09:27:35 PM |
|
Amazing! So these are the guys that appeared on several crypto media... They have nice farms going on! Seeing it in video just made me even more amazed. Hope they keep up, even with declining prices. I wish I had such farms, haha  |
|
|
|
|
mayax
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 06, 2015, 09:49:48 PM |
|
a lot of shit. it's only the BTC propaganda the daily revenue is around 1 MIL per day for ALL the miners. maybe these chineses are the only miners.  |
|
|
|
|
|
ColderThanIce
|
|
February 06, 2015, 10:04:32 PM |
|
a lot of shit. it's only the BTC propaganda the daily revenue is around 1 MIL per day for ALL the miners. maybe these chineses are the only miners. the article says they make 1.5 million per month, not per day. even with the price drop, theyre probably still making 750k usd per month or so, which isn't bad at all.  |
| ROLLIN.IO | BITCOIN DICE GAME
⚁ ⚂ ⚃ ⚄ ⚅ ⚁ ⚂
| ███████████████████
██ ██
██ ██
██ ██
██ ██
██ ██
██████████████████ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██████████ ██████
██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ ██
███████ ███████ ████
██ ██
██ ██
████
| ███████████
S O C I A L
C H A T T I N G | ██
████
██████
████████
██████████
████████████
██████████████
████████████████
██████████████████
████████████████████
████████
████████
████████
████████
| ██████████████
LEVEL UP SYSTEM
WITH REWADS | ██████
████████
██████████
████████████
██████████████
██████████████████
████████████████████
█ ████████████████
█ ████████████████
█ ████████████████
█ ████████████████
██████████████████
████████████████
█████████████
██████████
█████ | ██████████████
FREE BITCOINS |
|
|
|
M28MmickT
Sr. Member
Offline
Activity: 433
Merit: 250
BTG CEO
|
|
February 06, 2015, 10:14:38 PM |
|
a lot of shit. it's only the BTC propaganda the daily revenue is around 1 MIL per day for ALL the miners. maybe these chineses are the only miners. the article says they make 1.5 million per month, not per day. even with the price drop, theyre probably still making 750k usd per month or so, which isn't bad at all. What is sh*t is having to be told by a newb you commented sh*t, nothing new though mayax hey. Colder, business is business and you're right that isn't at all bad |
.
| .....█
.....█
.....█
.....█
.....█
.....█ | | .....█.....
.....█
.....█
.....█
.....█
.....█ | .
|
|
|
|
RoadStress
Legendary
Offline
Activity: 1904
Merit: 1007
|
|
February 06, 2015, 10:39:36 PM |
|
Thanks to Vice we saw a bit of life in China, but the video is a bit confusing. In the intro they say that the mine generated 4050 BTC in November and the owner of the miner says that they generated ~100BTC per day which would equal to ~3kBTC per month. Either they run into a big loop of luck or something is wrong.
|
|
|
|
mayax
Legendary
Offline
Activity: 1456
Merit: 1004
|
|
February 06, 2015, 10:53:54 PM |
|
Thanks to Vice we saw a bit of life in China, but the video is a bit confusing. In the intro they say that the mine generated 4050 BTC in November and the owner of the miner says that they generated ~100BTC per day which would equal to ~3kBTC per month. Either they run into a big loop of luck or something is wrong.
they lie, of course. |
|
|
|
|
gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1010
Ad maiora!
|
|
February 07, 2015, 01:05:13 AM |
|
I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"
Cost of operating is 80000$ monthly
looks like a massive fire hazard.
|
|
|
|
|
|
readysalted89
|
|
February 07, 2015, 01:25:36 AM |
|
I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"
Cost of operating is 80000$ monthly
looks like a massive fire hazard.
In August bitcoin was worth $600+, about twice what it was worth during the October low. Their profits must have dropped considerably since then. |
|
|
|
|
|
