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Author Topic: GekkoScience BM1384 Project Development Discussion  (Read 145538 times)
QuintLeo
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September 05, 2015, 08:13:02 PM
 #1821

I hear tell he's working on negotiating lower power rates.

 Saw that, think I might be misremembering but I thought he said he was in Kentucky?
 Might be thinking of the wrong person though.


 Namecoin is SHA256 and can be merge-mined, no point in mining it specifically. The concept is at least interesting.
 Monero is, from what little I've seen of it, worthless and in fact DOES appear to be somewhat scammy.
 Never even heard OF the other two.


 Cryptocoin does NOT need more altcoins, there are way too many already and most have ZERO long term lasting value.
 From what I'm seeing I doubt that more 4 cryptocoins will EVER achieve significant name recognition or long term value, and 3 of THOSE 4 are looking iffy.


Quote

crackable with a brute force attack


Why does that make me think of Deep Crack - and the probability it could have it's performance matched by an array of GPU-based machines for under $10k today?



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sidehack
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September 05, 2015, 09:55:46 PM
 #1822

He's in Minnesota, and uses miners for industrial heating what, ten months out of the year?

QuintLeo
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September 06, 2015, 12:50:37 AM
 #1823

MN isn't THAT much colder than where I'm at in IA, and has similar wind levels.
6-8 months perhaps if he's in the northern part, and some of that only part of the day.

Now I'm trying to figure out how his electric company generates the power cheap enough to SELL it at that rate.
Only thing I can think of in THAT area would be nuclear....

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sidehack
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September 06, 2015, 12:55:11 AM
 #1824

Yeah I was kidding. My last "vacation" was visiting some friends in Minnesota in about July 2013 and it was pretty darn toasty.

philipma1957
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September 06, 2015, 03:16:44 AM
 #1825


Yeah, sorry for the WoT guys  Lips sealed , I do get it all out at once normally, and then back to filing away the nuggets you all share Smiley
faster confirms yes i like that.  but the need for a fiat tradeable legit i pay my taxes coin is filled by BTC.

so i want it to be traceable.

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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September 06, 2015, 05:06:24 AM
 #1826

I am having some fun lotto mining.  Gave me something to smile at this week for sure.

I sent you a PM sidehack when you get time.  No rush as I know you are a busy person Smiley
PlanetCrypto
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September 06, 2015, 03:59:57 PM
 #1827

MN isn't THAT much colder than where I'm at in IA, and has similar wind levels.
6-8 months perhaps if he's in the northern part, and some of that only part of the day.

I beg to differ. I'm in North Central MN (near Leech Lake), > 300 miles north of the IA/MN border.
Our winters are significantly colder and longer than say Des Moines.
About 3 months (June, July, and August) outta' the year ambient temps rise above ~75F

Now I'm trying to figure out how his electric company generates the power cheap enough to SELL it at that rate.
Only thing I can think of in THAT area would be nuclear....

Yup, lotta nukes (Excel Energy).
GRE (Great River Energy) is coal, coal, and coal.
Minnesota Power is a mix of nukes, coal, wind, and up here, wood gasification (this is logging country).

We also have some solar and wind on site.
The $0.0465/KwH is off peak (12 hours/day) which will feed/recharge our UPS's/battery bank at night.
During the day solar augments the $0.12/KwH service.
We are expanding our little solar farm as money permits.
With the goal to be exclusively solar ASAP.
The concept is to buy the power once (a depreciating capex expense) versus suffer an ever increasing re-occurring expense (CODB, Cost Of Doing Business).
Once the off peak is online our aggregate power cost should be around $0.05 - $0.06 / KwH and decreasing as we bring more solar online.

MN was one of the few states that implemented (back in the 70's) fair net excess generation statutes.
Put simply, we can buy power @ $0.12/Kwh and can sell power @ $0.105 /Kwh.
Obviously, if our power generation is in a deficit we want to use everything we generate (grid tieing our generation facilitates this).
IF/when BTC mining becomes unprofitable (which it is becoming) we just turn off the miners and the excess generation becomes the profit center.

Another option is to power the (inefficient) miners exclusively with off peak power and only mine 12 hours/day.

Like so many things in this world, there is no single solution to a problem.
It takes a mix of technologies, intelligently arranged, to solve a problem.
In this case the electrical cost to mine BTC.
I like having options.

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sidehack
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September 06, 2015, 04:11:10 PM
 #1828

I've spent a few days in Le Seur, which probably isn't that different from Iowa. But I'd seriously love to live somewhere it didn't get above 75F nine months of the year. When folks talk about wintering in Florida or something I always scoff. Winters in my town are pretty weak; I've sat through eleven of them and seen maybe eight respectable snowfalls. Cold's the best.
Unfortunately Novak would rather spend his time in 90F ambient.

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September 06, 2015, 04:13:32 PM
 #1829

I know GekkoScience is busy filling orders and working out details of your new rig but I think
a new "Lottery Device" say 250gh/s using the BM1384 chip would be be cool.  I have been running my
last S2 on a solo pool but I have to come to grips on turning it off soon after the holiday.  I will be ordering
some usb sticks shortly to fill my hobby needs but wish it were in the plans as a side project.
sidehack
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September 06, 2015, 04:23:12 PM
 #1830

I have no plans for that kind of thing. I have no plans for any more products at all with the BM1384, seeing as we can't really get them anymore.

Meech
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September 06, 2015, 04:34:52 PM
 #1831

Ok. Thanks. Wink
QuintLeo
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September 06, 2015, 04:50:43 PM
 #1832

Quote

The $0.0465/KwH is off peak


 OK, that makes more sense. My Time of Day rate here off-peak except during the summer months is even lower - for the base rate past the first 1200ish KWH.
 It gets KILLED a lot by the damned "regional transmission fee" and "fuel surcharge" junk, which are independent of TOD.



 Wasn't saying MN isn't colder than Iowa, but that it wasn't "10 months of INDUSTRIAL HEATING" level colder. 9-)

I'm no longer legendary just in my own mind!
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sidehack
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September 06, 2015, 05:00:40 PM
 #1833

Am I the only one whose rate is fixed regardless of consumption, the time of day or month of year? I also don't have any added transmission fees and such that a lot of folks talk about. This applies to both my house and the shop, which have different providers.

VirosaGITS
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September 06, 2015, 05:45:53 PM
 #1834

Hmm in Québec residential if you use over 30kw per day you pay more. If you're industrial+, if you use a lot you pay less. (0.02/kWh or something).

We are the Mineority @ https://mineority.io
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September 06, 2015, 05:53:25 PM
 #1835

Am I the only one whose rate is fixed regardless of consumption, the time of day or month of year? I also don't have any added transmission fees and such that a lot of folks talk about. This applies to both my house and the shop, which have different providers.

I'm at a fixed rate of ~.13 per kwatt regardless of amount used per month throughout the whole year.
notlist3d
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September 06, 2015, 06:00:44 PM
 #1836

Am I the only one whose rate is fixed regardless of consumption, the time of day or month of year? I also don't have any added transmission fees and such that a lot of folks talk about. This applies to both my house and the shop, which have different providers.

Could be a Midwest thing.  I also am flat rate no transmission fee or summer/winter rate.    Does not matter what time of year it costs me the same.  I had a few locations in Midwest all this way besides student housing.

I sent you a PM aswell.
sidehack
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September 06, 2015, 06:16:14 PM
 #1837

Actually, you sent me three PMs and two posts in here reminding me that you sent me PMs.

I'm of that contrary nature where, the more I'm bothered by someone, the less likely I am to attend to his business. Most folks would get fed up and just do it to stop being annoyed, but...

curmudgeon noun
1. a bad-tempered, difficult, cantankerous person.

Also, the wallet's at the shop and it's the weekend so I haven't been at the shop because attendance is voluntary on weekends.

Searing
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September 07, 2015, 04:15:53 AM
 #1838

Am I the only one whose rate is fixed regardless of consumption, the time of day or month of year? I also don't have any added transmission fees and such that a lot of folks talk about. This applies to both my house and the shop, which have different providers.

I'm at a fixed rate of ~.13 per kwatt regardless of amount used per month throughout the whole year.

same rate welcome to southern Minnesota 13c kwh fixed  thur Xcel

(ah after my Titan(s) go to doorstops only the bitseed v2 node and the 2 sidehack usb sticks will be the only thing flashing in my basement ..so sad) Smiley

(hey will help with the home miner withdrawal) Smiley














 

 

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sidehack
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September 07, 2015, 04:32:45 AM
 #1839

City rate here is about 8.9 cents, rural more like 8.5 cents. If we had been able to upgrade power at the shop as planned, and maintained 100KW of hosted machines, it'd been closer to 6 cents. There's no industrial discount below 100KW with our provider.

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September 07, 2015, 05:15:39 AM
 #1840

[...]
curmudgeon noun
1. a bad-tempered, difficult, cantankerous person.
[...]

I've found out that this kind of people is actually the best to deal with, because you have to deal with less BS and things are more direct.

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