I am talking 20 S7 Antminers @ 24KWatts. Yeah gross would be around $6k per month which would leave a net of $1k per month after paying the $5k to the data center. My ROI would be 3 years. That is not a good!
There must be some error in the quote. Nobody charges that much. For example, it would cost about 1300 USD to host at my datacenters at 57 USD / kW. Other datacenters from Canada charge about this rate too.
I just went back to the quote:
16 kW at $340/kW for a monthly fee of $5,440 with a one time setup fee of $1,500.......The grand total monthly was $$5,790 with a One Time Install Fee List Price of $2,500........ This is crazy!!!!!
$340/kW? That is absurdly high. You should be looking for a host in the $60-$75/kW range.
I did math earlier and I don't believe anyone would charge this much if based on asic hosting. If he went to a regular server farm.... possibly if very top tier.
But they would not be geared for asics. Look into asic hosting it is much cheaper and has more cooling then normal hosting.
Anything over $300/kW/month for the total package sounds like high-density colo with clean uninterrupted power to the cabinet. This is definitely not cost effective for mining.