i really like the idea but what about now is it profitable now ? and what if someone dont use all his power do you refund him for the rest or it will be a lose
At .10 cents yes its actually profitable right now. On power consumption, if you buy 10kw its billed as 10kw (if your machine is offline, broken etc) it's up to you to fix it or if its dead then that will be removed the following month. This is very standard at data farms. Say you have 10 machines pulling 1K each = 10kw. one dies next month IF YOU WANT IT SENT BACK or its permanent dead i'll adjust to 9kw. if its offline a week you still pay 10kw.
Is there anyway for you to get that energy cost lower?
I see other mining data centers able to get their electric cost down to 8 cents, some of the lucky ones even down to 5 cents.
I am just curious b/c I would like to have a data center like you one day if i ever make it rich in crypto.
My rate is not 10 cents, but you have to recover the cost of your building and the massive cost of all the equipment to make this happen. you can get it cheaper in other parts or the country MAYBE. There are massive crackdowns by cities all over the USA about building these facilities. If someone is charging 5 cents, more than likely they are not in the USA or in a crap hole facility where you will be lucky to get your stuff back. I can see 8 in some areas.
Of course, you have to operate at some profit margin to keep the lights on and continue business.
So how does it generally work? Do you make a deal with the energy company like PG&E for industrial electric rates?
Does finding locations near a water Dam help to lower rates?
Does operating in washington state have better rates than other states?
I live in california but electric rates are pretty high for residential and around 10 cents for industrial rates. Not sure how to get it lower?
One crazy idea is buy land, buy a bunch of solar, run miners? Or initial cost 2 high for this to be feasible?
