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Author Topic: MegaBigPower Opens Buyback for Unprofitable Bitcoin Miners  (Read 4867 times)
armedmilitia
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March 06, 2015, 03:50:10 AM
 #41

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

Always use escrow. OgNasty is pretty sweet.

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philipma1957
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March 06, 2015, 04:29:07 AM
 #42

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

3 cents a  kwatt  and  a downvolt of  an s-3 to .65 watts per gh vs .79 watts a gh and 1ph of them make serious money.


1th would make a 2.37 usd profit  a day
1ph would make a 2370 usd profit a day


so with a 1ph  would be 2400 s-3's at 50 bucks each  maybe at 40 bucks each. so 100 to 120k for 1ph

now in s-5's cost would be  say 300 each factory direct for 900 cost  270k

so I am thinking they wrote a software for easy volt and clock of s-3's .

the savings on s-3's over s-5's or sp20e's  per ph of hash is huge.  they have an interest in getting as many s-3s as they can get. A guy like me at 10 cents winter or 16 cents summer an s-3 is worth zip.

This is why growth is still slow but if some comes out really good like .2watts  we may see more growth.
 

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March 06, 2015, 04:51:43 AM
 #43

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.


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March 06, 2015, 08:24:28 AM
 #44

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
Kuwait is indeed the place to go. Apart from the nice climate the electricity rates are awesome:
http://www.mew.gov.kw/en/?com=content&id=93&act=view
So if you have connections that enable you to become a "supported industrial company", you end up
with 0.0033 $/KWh. (Note that one Dinar is 1000 fils, not 100  Grin)

You should probably double your planned consumption in order to keep your gear cool in the 120 deg
desert, but still it sounds like a good plan. (Is there a way to cool miners using fresh water flowing
through heat sinks and being dumped right after? If you check the fresh water rates, that looks
tempting, too..)
armedmilitia
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March 06, 2015, 08:42:02 AM
 #45

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.



Actually, thanks for that question. Canadian here!
I made a mistake when I wrote that (Labrador itself isn't a province), but I meant Labrador the region in particular, as Newfoundland doesn't have the same electricity rates. IIRC St John's charges over $0.10/kwh. Labrador has much better access to cheap hydro power than its island counterpart.

Always use escrow. OgNasty is pretty sweet.

Help me out with compiling a list of mining datacenters!
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March 06, 2015, 08:47:05 AM
 #46

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.



I'd hate to correct a Canadian, but I think it is really called Newfoun'land. Smiley

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Bicknellski
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March 06, 2015, 08:57:45 AM
Last edit: March 06, 2015, 09:13:29 AM by Bicknellski
 #47

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.



I'd hate to correct a Canadian, but I think it is really called Newfoun'land. Smiley

La culture, c'est comme la confiture. Moins on en a, plus on l'étale!

The name of province is what I disputed and it is typical that Canadians call the province Newfoundland not just Labrador. As he said he was indicating the difference as people might recognize that is in fact where most of the power is generated and is cheaper than on Nfld. They are both parts of one province not a big deal just odd to hear Labrador mentioned as a province.

Back on his thoughts...

Ya I bet the rates are cheaper in Labrador lots of hydro projects up there.

The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,074 MW and have the ability to provide 16.7 TWh of electricity per year.

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KS
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March 06, 2015, 08:59:01 AM
 #48

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.



I'd hate to correct a Canadian, but I think it is really called pronounced Newfoun'land. Smiley

La culture, c'est comme la confiture. Moins on en a, plus on l'étale!

The name of province is what is disputed. He has been corrected.


ditto

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
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March 06, 2015, 09:07:01 AM
 #49

if am not mistaken they try to build a big mining site on the North of Sweden and the power they have is from Hydro so its super cheep.As big customers maybe they have better rates due to quantity but i really dont believe they will offer ebay prices.They rather go and deal directly with Bitmain or SPondoolies
I think they better publish the prices and models they will accept.
posting a request like sent me what you have and I will let you know if we are interested is seems
they are under exploration of the market.
My opinion Jupiters  S4 S3  S5 and Spondoolies are the most trusted used equipment for low electricity.
 
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March 06, 2015, 09:15:42 AM
 #50

Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.

MBP can simply pass some or all of the discount as whatever they want like, say, old equipment buyback. I also doubt they will bother with powering them up (maybe some for personnal use, or target a specific range of equipment and scrap the rest).

They might want to clear the second hand market of old equipment, but I think it would be futile. Power consumption decrease and harshrate increase for new equipment already do a good job of pushing old hardware to the scrap heap (you can still warm up your with them house though). There is a point where running a farm with old equipment is getting more expensive than running a farm with new equipment (even if you got the old miners for next to free and ditto for KWh). You still have to build the farm an maintain it, and that's not free.

“In Putin’s Russia bitcoin exchanges you.” - http://www.coindesk.com/ceo-bitcoin-officially-bans-china/
List of major BTC scams https://bitcointalk.org/index.php?topic=576337
Bitstamp "no transfer" banks/countries list: https://bitcointalk.org/index.php?topic=270716.0
wpgdeez
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March 06, 2015, 02:12:04 PM
 #51

Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.

It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.


You are correct and I sure wouldn't want to live there Smiley

"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
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March 07, 2015, 05:05:47 AM
 #52

Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.

Spondoolies has been valiant enough to support the market with reasonably small margins. Their concentration is on quality above all else, including their own profit margins. If you can hold an S5 board and SP20 board in your hands, you'll work out for yourself which one is most expensive to make.

armedmilitia
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March 07, 2015, 05:20:37 AM
 #53

Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.

Spondoolies has been valiant enough to support the market with reasonably small margins. Their concentration is on quality above all else, including their own profit margins. If you can hold an S5 board and SP20 board in your hands, you'll work out for yourself which one is most expensive to make.

All aboard the spondoolies hype train!  Undecided
Remember, none of these companies are out there to support miners. They are here to take as much money as possible from you.

Always use escrow. OgNasty is pretty sweet.

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March 07, 2015, 06:05:38 AM
 #54

Hype or not, it's fairly accurate. Spondoolies has always mentioned in the past that their margins were not great. In addition to ASICs, each board in the SP20 contains 16 VRM phases (twice as many as an S1) compared to the S5's zero VRMs. The controller was designed entirely in-house instead of leveraging an off-the-shelf devboard. By a pure components count I bet the SP20 is over the S5 by a full order of magnitude. The PCB very likely contains quite a bit more copper as well, given the current density required for their ASIC topology. That they sold SP20s at the same price point as an S5, I'd believe the last of the machines they actually took a loss on.

Remember, none of these companies are out there to support miners.

I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.

Anyway, MBP's miner buyback.

Cool, quiet and up to 1TH pod miner, on sale now!
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March 07, 2015, 05:08:26 PM
 #55

Hype or not, it's fairly accurate. Spondoolies has always mentioned in the past that their margins were not great. In addition to ASICs, each board in the SP20 contains 16 VRM phases (twice as many as an S1) compared to the S5's zero VRMs. The controller was designed entirely in-house instead of leveraging an off-the-shelf devboard. By a pure components count I bet the SP20 is over the S5 by a full order of magnitude. The PCB very likely contains quite a bit more copper as well, given the current density required for their ASIC topology. That they sold SP20s at the same price point as an S5, I'd believe the last of the machines they actually took a loss on.

Remember, none of these companies are out there to support miners.

I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.

Anyway, MBP's miner buyback.

yeah once they were selling them at 500 with shipping included they were not profiting .

I mine alt coins with https://simplemining.net...
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
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March 08, 2015, 02:31:26 PM
 #56

You are correct and I sure wouldn't want to live there Smiley

"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."

Then clearly moose hunting is not a priority for you.  I'd move there if it didn't mean divorce Smiley.

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March 08, 2015, 03:00:46 PM
 #57

You are correct and I sure wouldn't want to live there Smiley

"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."

Then clearly moose hunting is not a priority for you.  I'd move there if it didn't mean divorce Smiley.

Great place to live.

Great place to put miners.


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March 08, 2015, 08:40:17 PM
 #58

You are correct and I sure wouldn't want to live there Smiley

"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."

Then clearly moose hunting is not a priority for you.  I'd move there if it didn't mean divorce Smiley.

Great place to live.

Great place to put miners.



Sounds to be like Canada's the place to be if you're into the three M's: Moose, muskie and mining.
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March 08, 2015, 09:20:22 PM
 #59

I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.

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March 08, 2015, 11:49:04 PM
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I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.


Maybe they are a business and don't work on weekends.

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