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Author Topic: How much does it cost to open a Mining Farm ?  (Read 4025 times)
Troonetpt
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March 04, 2015, 06:45:43 AM
 #41

If you can find cheap electricity, you can open a mining farm.
Lots of mining farm have the advantage of cheap power, it's very important for mine bitcoin.
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Madness
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March 04, 2015, 06:47:56 AM
 #42

If you can find cheap electricity, you can open a mining farm.

How cheap we are talking about here exactly ? is 0.06$ a cheap amount ? I'am not sure to be honest , Googled about our electricity cost on my country but didn't really find anything , if you have a website that does that it would be awesome . but some people told me its 6 cents , too lazy to call the Electricity company providers

~ Madness

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March 04, 2015, 06:56:38 AM
 #43

If you can find cheap electricity, you can open a mining farm.

How cheap we are talking about here exactly ? is 0.06$ a cheap amount ? I'am not sure to be honest , Googled about our electricity cost on my country but didn't really find anything , if you have a website that does that it would be awesome . but some people told me its 6 cents , too lazy to call the Electricity company providers

~ Madness

Here is Illinois there's a little know program that'll pay the first 6 months of any startup its electricity cost. After 6 months, close down and start a new LLC, repeating the process. I'm sure the cost of moving the farm wouldn't be that great compare to the electric cost savings, eh?
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March 04, 2015, 07:01:32 AM
 #44

If you can find cheap electricity, you can open a mining farm.

How cheap we are talking about here exactly ? is 0.06$ a cheap amount ? I'am not sure to be honest , Googled about our electricity cost on my country but didn't really find anything , if you have a website that does that it would be awesome . but some people told me its 6 cents , too lazy to call the Electricity company providers

~ Madness

Here is Illinois there's a little know program that'll pay the first 6 months of any startup its electricity cost. After 6 months, close down and start a new LLC, repeating the process. I'm sure the cost of moving the farm wouldn't be that great compare to the electric cost savings, eh?

Not sure if you can do the calculation for me Shocked
But we pay like 40 Euro for 3 months (for gas + Electricity) isn't that cheap ? I guess it is .

~ Madness

Medow
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March 04, 2015, 07:49:49 AM
 #45

If you can find cheap electricity, you can open a mining farm.

How cheap we are talking about here exactly ? is 0.06$ a cheap amount ? I'am not sure to be honest , Googled about our electricity cost on my country but didn't really find anything , if you have a website that does that it would be awesome . but some people told me its 6 cents , too lazy to call the Electricity company providers

~ Madness

Here is Illinois there's a little know program that'll pay the first 6 months of any startup its electricity cost. After 6 months, close down and start a new LLC, repeating the process. I'm sure the cost of moving the farm wouldn't be that great compare to the electric cost savings, eh?

Not sure if you can do the calculation for me Shocked
But we pay like 40 Euro for 3 months (for gas + Electricity) isn't that cheap ? I guess it is .

~ Madness

No one can help you find the exact rate per your country except you.

If you are serious about building farm then you have no excuse to call the power company to know the price per kw for large power consumption.

Until you do that then all we do here is just speculation.

Building a farm is a serious business and the only way it can happen is to put it on the land of reality. We can help you with technique and some choice suggestion, but the real work happen on paper using real numbers and facts.

Also , referring to your say that you pay 40 Euros for 3 months, this is for home use and what you consume on 3 months on home you consume it in less than hour in a large farm.

So, if you need us to help you you should give us some real fact:

1) How much you pay for power for real ,(You should call the power company first).

2) What the range of budget you have?

3) Do you have a warehouse or did you wanna build a new one or you are going to rent some ready building?

4) Do you pay fees when you import gears to your country or not and how much you pay ?

5) Did you plan to ship by sea or by air?

6) What kin of cooling you will go with?

7) Do you know how to make the electricity jobs by your self or you will hear some technicians.

Cool Do you know how to make a good computer network or not , ( You need to make a  good network for your farm).

9) Do you have a stable internet in your country?


............. etc.

If you didn't ask your self those questions and find the answer for them , then i am sorry but you are wasting your time.

Just my 2 cents.
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March 04, 2015, 07:51:56 AM
 #46

Thanks for your answer Medow , Yes I will call my electricity company providers as soon as possible then post here Smiley
Sorry if I wasted your time in anyway .
Once I do that I will post answers with all questions you mentioned here Wink

~ Madness

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March 04, 2015, 08:12:42 AM
 #47

Thanks for your answer Medow , Yes I will call my electricity company providers as soon as possible then post here Smiley
Sorry if I wasted your time in anyway .
Once I do that I will post answers with all questions you mentioned here Wink

~ Madness

Wasting my time is not an issue, but i am afraid that you waste your time and waste your thinking.

I hope you all the best , there for i ask you to get a real data and facts.

My best wishes to you.
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March 04, 2015, 05:43:22 PM
 #48

Hello,

Alright I live in a rich country with gas & oil , Electricity is not that expensive (At least this is how I see it ) .
Newar Made me open my eyes to the great oppurtnity I could do on my country since most of people don't know what Bitcoin is and there is no business related that . (same thing goes for Paypal , MasterCards etc ... )

Note that I made 18 years old only one month ago , so I guess I'am a little bit young looking at other Bitcoiners ages .
I was thinking how much it would cost me to open a Mining farm (Renting a Warhouse or something + buying all the mining stuff) ?
It would be profitable ? thanks.

~ Madness

Depending on where you are warehouse prices are not that much to rent. All comes down to location and also what it is going to be used for. if your doing from whorehouse then your going to need some assurance that if broke into that insurance is going to cover equipment. Not that it is going to happen but theirs always the risk of whorehouses getting broke into and stuff happening.

Before even going for a warehouse you might want to inquire about business rates for energy first. Rent that includes bills or not includes and a brake down of the costs and what they cover and what gets provided in terms of security. You might want to start at home with a few rigs first to see how things work and calculate your costs over say 1 unit x by using in your warehouse then calculating your bills for energy used. Good way to get a base figure. But in all honesty going to need some time  thinking things though if you are serious about it then its going to be hard to find that factor of profit right now. Been mining since early 2011 to know what am talking about here and right now its not cost effective unless you got free energy. if your unit rate is something like $0.11 per kw or more then forget it.

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March 05, 2015, 04:09:40 AM
 #49

If you can find cheap electricity, you can open a mining farm.

How cheap we are talking about here exactly ? is 0.06$ a cheap amount ? I'am not sure to be honest , Googled about our electricity cost on my country but didn't really find anything , if you have a website that does that it would be awesome . but some people told me its 6 cents , too lazy to call the Electricity company providers

~ Madness

Here is Illinois there's a little know program that'll pay the first 6 months of any startup its electricity cost. After 6 months, close down and start a new LLC, repeating the process. I'm sure the cost of moving the farm wouldn't be that great compare to the electric cost savings, eh?

Gleb, aren't you the guy that busts scams? Sounds like you're promoting one there. I'd refuse to do business with anyone who relied on what you just described. Here in Missouri we're breakeven-cost hosting 50KW of gear and paying the bills fair and square.


Hello,

Alright I live in a rich country with gas & oil , Electricity is not that expensive (At least this is how I see it ) .
Newar Made me open my eyes to the great oppurtnity I could do on my country since most of people don't know what Bitcoin is and there is no business related that . (same thing goes for Paypal , MasterCards etc ... )

Note that I made 18 years old only one month ago , so I guess I'am a little bit young looking at other Bitcoiners ages .
I was thinking how much it would cost me to open a Mining farm (Renting a Warhouse or something + buying all the mining stuff) ?
It would be profitable ? thanks.

~ Madness

It costs the cost of the two cheapest working miners you can find  Wink

Or if you can build your own for cheaper - or at least a better one for the same cost.

Got a new 28-135GH stick miner!
Currently in development - 100+GH USB stick; 800GH 60W pod; 6TH volt-adjustable S1/3/5 upgrade kit
Server PSU interface boards and cables. USB and small-scale miners. Hardware hosting, advice and odd-jobs. Supporting the home miner community since 2013 - http://www.gekkoscience.com
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