Topic: Biggest Bitcoin Mining Operation in Texas (Read 5266 times)

Nice equipment!

I noticed one thing, aren't the videocards of the scrypt mining rig too close?
They seem to lean each other in groups of three, the have about 1 millimeter of fresh air 

This is a good question and one that I'm still searching for the answer to. In the mining world, obsolete usually means it costs more to operate than it will pay back in mining rewards. This is different to say, a computer that is obsolete which can still perform all of it's original functions. The ever-rising difficulty ensures that within a few months, all your fellow miners will have pushed the difficulty up so high that you're mining a fraction of what you used to. You'll be paying more in electricity than your miner produces. You can either sell your mining hardware at a loss, or continue mining at a loss. If you sell it, you can reinvest that money into another faster miner that will also never ROI, or cut your losses at that point.

I really don't understand the allure of mining, even though I'm a miner. 

Nice rig.  it will take about years before it will be obsolete especially if you knew how to tweak things.

Really interesting setup, so are you solo mining or on a pool?

What is the electricity cost?

Caution: Likely ponzi scam

Now that is not the case.  Without the mining arms race, we'd just run the network on our cpu.    Theres no great reason to have all this development except having one up on the next guy for a while until he gets something better and so on.
If we all just agreed to stick to cpu, the coin itself would have been just the same and we could expended the effort on something else.   However capitalism is not this way, always someone wants to make just a little more money then the next guy and so he'll invest to get that reward and so on.

My question has always been did the difficulty raises achieve any benefit for society or the users of the coins even.   The block time is fixed, all this tech didnt drop the transaction times.    So, I do wonder I guess its all in the name of security

In a capitalist competitive system there is a point, its to destroy efficency.   If one guy loses money on his old tech, generally society does gain from the new tech but here there seems no point to the asic.  I apologise if I miss the point but I think we should have one if it is correct that its lacking.   Lower the transaction times and vary the reward instead to stop excessive inflation - perhaps or maybe this makes problems with orphans or forks.   I dont know but hopefully good people are considering these things

nice operation 

Well without miners you wouldn't be on here talking about Bitcoin because it wouldn't exist so it's good that people do.

This is a very good question. Please give me the answer, :p.

That is a circular argument that goes on forever.

Something better is always just around the corner, so why would anyone ever invest in any mining hardware because it will be obsolete in a couple of months?

This is an awesome setup, but the issue is that in a couple of months it will be obsolete and you'll need to replace all that hardware or be losing money.

Impressive set up, great work. Wonder how many Countries AntMiners have made it to, they are everywhere.

How long are the standoffs in between the Babyjets?

Amazing setup there . How much did it cost lol .

Impressive!

Hah. Please do not call this mining rig. I would label it as Bitcoin mine. )

WOW

There's an elevator inside it !!

$14 million plus install costs thats one expensive fan !

You could use good old E-126 with 7.5 MW, a few of those are running not far from here in Rheinböllen. They look impressive if you pass near them on the highway, I think they would impress you neighbors and fellow miners too :-)

http://www.windpowermonthly.com/article/1138562/close---e126-worlds-biggest-turbine

And if your mining rig is running hot, you could wire them the other way around and use the as air cooler :-)

''A couple thousand''.

10 max in a 42u server cabinet. 96Amps @ 230v x 200 cabinets. Lol.

You could use 4 of these but you would still be 600kw short - http://www.ebay.co.uk/itm/850kw-wind-turbine-Class2A-Fully-pitch-70mtower-56m-rotor-50HZ-5-years-warranty-/310734194543?pt=UK_BOI_Industrial_Tools_Generators_ET&hash=item485933876f

Cool mining operation, making network cables is a pain did you use cat5/6 ?

That's not the biggest in Texas lol.

12 cents is a lot in Texas.  You should be able to get much cheaper for commercial location?

Residential where I'm at used to be ~7.5c per kwh, now it's around 8c, but natural gas prices have been going down since 2008 (about 25% in total when comparing seasons)..  the biggest commerical plan here is lower than 5c

ed:  Commercial rate has to pay sales tax on it, UNLESS the electricity is used to make the product... which I guess would be the case here?  lol.

I remember when you bough all those r9290s you might have single handedly have driven up the GPU price back in January and February I think you had a 50-70 gpu order or something.
Not sure why you are selling your GPU farm , you can at least till break even mining scrypt-N or X-11 and the prices on those coins are bound to go up when the scrypt Asics hit in a few months.  Selling the SHA hardware makes sense though , with diff going up and new KNC and SPOON hardware coming online in July/Aug i would dump that junk too.

very cool rig mate!

I'm paying .10 in NJ, so electricity is cheaper here apparently?    How would we pay you for a miner and how would it be shipped?

Well of course everything is going to be bigger in Texas. This includes Bitcoin mining rigs.

At 35 TH/s how many watts you drawing?

I've been looking into some data centers around NY, highest power density I have found is 18kw per cabinet....

Oh, so that explains the pic in this thread.

https://bitcointalksearch.org/topic/holly-shit-582005

Cloudhashing put a couple thousand Cointerra boxes in a data center in Texas.  So you're not even close to the largest.

Ye, 12 cents are damn cheap, i'm just curious what's the price of the rig? Let everyone know 

12 cents seems very cheap.  Its about 22 or more in Europe, is that from some great resource Texas has like fracking gas or nuclear?

Rig setups like this explain why btc difficulty doesnt go down.  Ever been tempted to turn it on an alternate sha256 coin for 5 mins

Nice setup

if i buy it , how to pay you?
what is the electricity cost?
and did you use it before?
how long did it servered?

Yea we made each ethernet cable. Wasn't hard. But took forever.

Temp stays the same in the Data Center year round XD.

Wao nice, total hardware cost?

Thanks for sharing the video of your rig.

I was impressed.
Did you say you custom created your own wires? Very cool.

Will you operate through the summer??      I hear it gets hot down there.

about 12 cents

Whats your electricity cost down there in TX? kwh?

Just sharing a video of our mining rig.

https://www.youtube.com/watch?v=wFuTeDWXiLw&feature=gp-n-y

12 HashLast.. Sorry HashFast Baby Jets
155 BitMain Antminers
2 Scrypt rigs

I am selling scrypt rigs and R9 290s if anyone is interested.

Houston, TX

For the love of god. Please don't buy from HashFast. I would be surprised if they have one satisfied customer (besides their 3rd party vendors who are buying our MPP/Upgrades while we wait for vaporware)