Electricity Costs alot in a Mining facility!
so if Securix wanna make profit with steady growth then they'll have to develop new technology to use less energy or create energy with low cost!
do you plan to work on this?
Exactly....but they keep saying our team is always studying what is best to use and we will purchase it then....No, that is not a good enough answer, you need to give us plan B for when you have the money to purchase asics which ones will they purchase when nothing is remotely worth buying.
Hello Tuner,
We have this plan B ready, but this plan is as well prone to market development. The plan is not relevant now, just a quick reminder that the big mining farms are thriving more than ever. ASIC mining is very profitable, but it all comes down to the criteria's in the PUP method. Securix wants to strike a balance between cost per unit, efficiency and energy usage. Securix is ready for all the new brands ands models an the best return of investment at the time of purchase. We use the "Power Usage, Unit price, Performance" or "PUP" model. Buying hardware is organic and is prone to market developments. The type of hardware Securix will buy can change over time.
You can read some more about this at page 30 and 31 of our whitepaper.
https://securix.io/wp/Securix_Whitepaper_onepager_GB.pdfIf you still have questions, feel free to ask them.
Kind regards,
The Securix Team
Asic mining currently is not as profitable as it was 6 months ago. Difficulty curves have skyrocketed on all algorithms. Only people qualified to speak on this topic are seasoned miners. I consider myself to be one, I have run many large farms and have had many partners invest millions into these projects. I was on the phone with a partner last week who wanted to get started again, I told him not right now...the ROI is just not there right now. Farms are hurting right now guys. Genesis Mining (also in Netherlands) is one the biggest players who's been around the longest can hardly pay their operating costs at the moment. And don't give me this horseshit PUP model....It's simple, you put thousands of miners in a warehouse and payout dividends to all partners involved. Call it whatever you want but at the end of the day it only does one thing and that's mining crypto. Only place your gonna shave overhead is cheap electricity, bulk ordering on asics, cheap labour and favourable cool climates with tax breaks. Putting a token on the project does not create magic. Listen people are getting out of mining right now and there is a reason for that.
But not all is lost, there are still ways to be successful in mining and I keep reading to see if you guys talk about it. But you don't, and I'm not about to hand over to you the secrets I've come to learn since 2011. But I can see you guys aren't miners, that is very clear. You talk a lot about how you have a magic trick that's going to make it profitable but you don't speak of the technical, the real nitty gritty about mining.
I wish you the best but I'm afraid anyone who invest's into mining at this stage in the game is money lost.