Topic: Bitcoin Mine opportunity with ultra-cheap electricity (Read 8158 times)

I think you would need a government contact if you are using a lot of electricity there.  Business there scares me a bit after reading.

Biggest thing is if OP's contact could prevent like what happened to Pepsi and Nestle where government literally seized asserts-  http://blogs.barrons.com/emergingmarketsdaily/2015/10/12/pepsi-says-goodbye-to-venezuela/

If huge companies cant avoid seized I don't know what it would take to operate there.  I realize I'm not there so I'm not seeing whole thing.  But as a investor that article is scary when you consider any place that that can happen.

i doubt he need a government contract, he just need a good electricity contract, if he is not running his electricity with his own method like solar panel and akin

the remaining stuff are just asic

What kind of government contacts do you have?
Is anyone important backing your project?

Waw! that is nice to see how cheap it can be.

It could have been a test to block dolartoday.com (it has happened before). They effectivelly blocked pastebin.org for some time because some people used it to communicate during the recent riots (i had sent several emails to get it unblocked, it was nonsensical, dunno if it was only me, but it works now).

However, as dolartoday uses aws, sometimes they end up impacting other sites (noobs). Their security team is like the infinite monkey theorem, they have a throng of newbies trying shit so eventually they get partial results.

Could be.... but i'm sounding conspirationist now hehe

It sounded like it had to do with cloudflare.  Are you saying they did not temporary block cloudflare effecting sites that used it? 

I'm not saying they blocked bitcoin sites.  But it sounded like they blocked cloudflare sites during that period.

Newbies making noise for nothing. It so happens that most of the problems that happened that day had nothing to do with blocking and more to do with the main ISP being shitty.

I had stable service along 5 uplinks, accesed the forum, bitcoinwisdom, several exchanges and several pools without problem. Even blockchain.info and coinbase.

This was just noise for noise's sake.

Interesting read from that first reddit - https://d3d5dz3e9kyqan.cloudfront.net/confirmado-cantv-y-conatel-bloquean-medio-internet-para-sacar-dolartoday-del-aire-sin-exito-aqui-la-prueba/

I have no idea if it is true but it sounds like there was a cloudflare block they did temporary.  Do you have any link to article saying what happened if it was not a block that went wrong?  What's the real story?

I posted right there on the thread, search my nickname. I'm the mod of /r/BitcoinVzla and have SEVERAL govt. connections. This news was just noob BS. There wasn't any block, just our crappy isp being crappy.

Any word from the government? It is concerning because it looked like they ordered your biggest ISP, CANTV, to start blocking Bitcoin:

https://www.reddit.com/r/Bitcoin/comments/3n3n8b/state_owned_and_biggest_isp_in_venezuela_have/

If Bitcoin is blocked by the ISPs/government in Venezuela it would not make any sense for someone to have a long term lease on their own mine down there.

Do you have government connections? Can you get your own exception?

'cause my current spaces are for my miners

And the mining-specific place, yeah it is gonna happen... i just want to be backed by results, not just armchair calculations made up by me... easier to prove the idea that way.

I did ask some questions but I cannot take credit for saying takes money to make money (at least not in this thread).   

I guess I don't understand you are putting down money for a structure of some-sorts and land.   Why not just upgrade current space if it works out and have one bigger space actually  built with cooling and BTC in mind?   

Indeed, all this could be just a big waste of money and space.



As mentioned back in the thread (and i think, you were the one who said it ) it takes money to make money. I'm putting my money where my mouth is and building a miner-oriented house on a piece of land my family owns, to test some ideas first. Nothing too big, just a test for a 36Kw place. If it goes well, i've already put my eyes over a small real-state to create something bigger for me and some friedns, to test the vertical condo idea, and if it goes well, big condo it is.

Also, don't be afraid of asking questions, our country is a largely unknown gem to most of the bitcoin mining world.

EDIT: And backing wise, there are several people already interested, but i haven't been able to help them out because their requirements are FAR more complex than my original idea (go figure). I just want to help the little guy that wants to run a profitable mine but doesn't has a multi petahash farm already, not just the big guys. Mostly, a lot like the sidehack mentality of not pandering to the big fat wallets, but instead to the guys/gals that loved to mine but can't do it because their electricity service is crazy costly.

I just would not promise a guarantee building/land is worth more when being sold.  US we once thought housing was impossible to loose and we had a bubble ( https://en.wikipedia.org/wiki/United_States_housing_bubble ).   It is possible to loose money.

As far as the project you say taking time to create the plan.  Is it really that it is still being worked on or that it has not received backing?  It sounds like you have a plan just has not received backing.  

And I could be wrong as not a Venezuela expert. I'm just asking questions .

May i add this: the time i'm taking to plan is because i want to create a mini-condo so i can test out some ideas on a small scale first, and then go full blown with this project. So, any skeptics out there saying that this is something that doesn't take too much time, try and do the same

Historically, Venezuela has not lost land value in a VERY long time on our capital... like 100+ years.

In fact, Sq. M costs on the capital (on a pretty bad slum) are 2x montly minimum wage. Pretty hefty.

Besides, the datacenter quality of our capital (being the best spot for a latin-american endeavor with european or US targets) is very high, with the regional IBM and Procter&Gamble datacenter residing here.

Really, it's a no brainer: cheap electricity, highly valuated real-state == long-term profit for bitcoin mining.

So you are buying property to put miners in?  Seems like two different investments one is bitcoin other is land/building ownership.    

How can you guarantee property does not lose value?   

~100 BTC is total cost of ownership, without including electrical costs.

The $638/kW would have included: refrigeration, monitoring and a ownership of the place. This would be the equivalent of buying a house for your miners. Fortunately, that doesn't loses its value, and can be resold for the same or higher price at each owner's discretion.

Just want some clarification, you are saying 100 BTC per shop, with a shop being 36 kW?  So, for about $23,000 (~100 BTC) right now you get access to 36 kW of electricity.  The electrical rate is currently about $0.002 USD per kWh?  Is there any other monthly costs beyond the cost of electricity?

I understand the appeal of the almost free electricity (which is very nice), but you gotta do much better than $23,000 per 36 kW.  That is about $638 per 1 kW installed, that is really expensive.  Am I misunderstanding your numbers, are those number correct?  How is it costing you $23,000 to install 36 kW, am I misunderstanding?

I love you too <3

This guy is full of shit.  Nothing is "in the planning phase" for this length of time.  He is a scammer and will steal any money you give him.  Ignore his dumb ass.

Still on the planning phase.

I'm interested. Send me a PM when you got more info!

Any update on this? Is this still happening or has the project been abandoned?

As i stated back then, this project isn't set in stone yet, but i have ballpark figures of around 100 BTC per "shop", probably less when figuring out real costs.

Importing Miners to Venezuela is easy with the plethora of couriers that do Miami->Door handling nowadays. Me and my group of friends import a lot of miners monthly and there's no issue handling them.

"Investors" will be owners of their respective "shop", so in a sense, it will be like buying a shop in a mall, but this building is exclusively targeted at HPC.

I am interested in your project.

Can you define the minumum amount of money you need to start your project?

Pls. also explain how you are going to import 100 S5 to Venezuela?Do you have a company?Do you need a company?
Will the investor be the owner/partner of the company?Or how are you going to organize it?

The tax is 25%, not that much as cars (100% tax).

There are several couriers nowadays that bring everything you buy from Miami to the country, and they work pretty well

I do believe you.
I 'm a neighbor from Brazil and know how your government is "helping' the country.
-By the way, how people in Venezuela is bringing electronics inside country ? via paraguay?
(Venezuela has very high taxes for electronics right?)

Yeah, that's what i'm doing on a private basis... not much to ask there as i have the capital to have a small apartment with 15-20 miners.


As i said already, for low amounts, i already have the capital (20 miners atm, building up more), A bank credit here is at most, about ~$3000 (don't believe me? check out my bank, www.bancomercantil.com in the personal loans section, or any other Venezuelan bank, divide that by the price of bitcoin either on btcparalelo.com or bitven.com). Selling my car would net me at most another 3-4K... my mom is poorer than me, same as the whole family... i know several people that have a good amount of money, but most of them have alredy their own mines and don't care building more. Loan shark: no way. Better use BTCJam and i'm good to go.

Also, the idea is help decentralize mining, once again, not get a huge mine for me, as mining interest is declining on a lot of places and that impacts on the Bitcoin ecosystem as a whole.

Anyways... i'm just gauging interest here, not taking money atm.

I suggest you organize a investment group to finance you,you paying interest and showing your partial progress.
per example.
10 S5 miners
+ infrastructure
+ your work
+energy cost X
detailing and proving
in a rented apartment
how much it will cost total, selling 20 shares per example that you will pay an interest of 2.2%month+return in 12 months (it is your first public project) For this high interest, you can make the obligation that it can't be anonymous the investment as if it works, you will replicate it to other users, so you want a proof that it worked...

Then you ask for bitcoins...
----
By the way, with this cheap energy/costs can't you find a loan? sell your car/finance in a bank/loan shark/ask mom :p

good luck

Most people on "Bitcoin Venezuela" haven't got the muscle to take part on this initiative, and the ones that do, i know them already or they can read this post too.

thats quite interesting I'll take a look into it
:-)

Have you tried to promote your idea on Bitcoin Venezuela? Or are you trying to keep this low profile for the moment?

Don't sensationalize that... you don't see seizing of IBMs ultra big datacenter, or Clover's data warehouse, or Dayco's datacenter.

Tech companies are not publically hated as much as things poor people use to fill their bellies.

Also, if you don't live here, don't believe anything you see on the news. That seizing is just pawns being moved for media noise.

You are right to be concerned as should anyone else thinking of starting a business or putting their assets in Venezuela!

http://www.bloomberg.com/news/articles/2015-07-30/venezuela-seizes-nestle-polar-warehouse-as-food-shortages-mount

http://www.businessinsider.com/r-venezuela-troops-occupy-polar-food-distribution-warehouses-2015-7

Recuerda que no estamos en la sección en español del foro, usar un idioma diferente al inglés en esta sección es mala práctica

Yes, it works kinda like a mall, but has WAY more facilities targetted to miners. There won't be (at least initially) leased/sold hardware, just space. There will be personell dedicated to handling shipments and accomodating hardware on the "shops", that would be part of the monthly cost.


Several people take that decision, even at official rate of SIMADI (200 VEF/USD) 1000 USD would give you almost a year of living above the average.

I would like to move to VE and retire there.  Is that possible?

Así que básicamente ofreces una especie de "centro comercial" donde las tiendas están diseñadas para comodar hardware de minado? Planeas ofrecer o alquilar los mineros? o cada quien se encarga de buscarlos?

Better not to especulate over something you don't know about pal.

36Kw "commercial" (read, non-subsidized) meters are usual on the country. In fact, i have my office in a building with 4 36Kw "places" (although my office's one is a 20Kw meter).

The fact that the building idea is to have upfront datacenter focused electricity, and create a development in an area where there are SEVERAL companies doing that already should hint that this is, by far, not illegal.

The electricity here is substantially cheaper than anywhere else because 80% of it comes from hydroelectric generators on the Guri Dam. The rest comes from excess production of either oil or gas. Also, there are parts of the country already with wind and solar, namely the Falcon State, so there's that too.

That is exactly what would happen once authorities find out what he is doing (stealing government subsidized electricity).

Hi,

How to cooperate?
Could you give me more details?

Thanks.

Indeed... that's why i'm not explicitly looking for investors, instead i'm trying to gauge interest on this kind of endeavors. I have possibilities to create a tiny one without breaking the bank (say, 8 shops), but for the real-deal i'm really short on funds.

---

Yeah, i've received the same comment as you say that this is "almost" cloud mining. The only difference is that i don't impose hardware, the individual owners are free to run whatever their hearts tell them. That's why central pressurized CO2 fire supresion is a must here Don't want to go *CowboyMiner* on this one.

Also, the hosting maintenance, in this scenario, is less than 0.4 USD/day, so yeah, it lets you break even quickly. However, i think that the cost of each shop will add some 5-6 months to the ROI figure of a full 36KW of S5s, that could pose a problem if the "shop" owner is looking for a quick buck instead of a long term mine.

well it is the same for me, if you buy the HW for the guy and then he pay you or he buy for himself and send to you, which would be a little more troublesome because of the shipment

talking about real number if the hosting isn't expensive in maitanance, it would be interesting, the total cost should not exceed half of the revenue of the miner per day, to have at least the possibility of a roin in 3 months

I was thinking this thread was looking for investors is what I meant by backing.   It sometimes takes money to make money.

I really think you would have to build one of these that you have ideas of having 300 of them.  I think it needs proof and not just on paper.    I could be wrong on this but I think if you did one and proved it investors would be much easier to find.

No, it isn't a hosting service per-se. Hosting doesn't make sense, because there's no win-win scenario. The "hosting" usually tries to milk the most from the customer, and the customer invests in the hope of the hoster to be honest. Take as an example that i had a gold mine, and i'm mining and profiting for it, but then i would take money from someone else to give them part of my mining efforts. It is obvious that the fee will be proportional to the amount i'm giving to the customer, making the whole scenario worthless.

This idea i got is to help decentralize the network, as people are shutting down their miners from the high cost of electricity everywhere else, more and more the big pools are taking advantage of that. The idea is to let people have a place to put their own miners, and mine wherever they want, and the only service will be maintenance (internet service, electricity, cleaning, handling of the miners, sale of the device at end of life, etc).


What kind of backing are you thinking of? i got my own mines, which aren't big (yet), but i'm more than willing to let people ask about them and prove the benefits of mining here. I would be doing this project out of pocket if i had the financial backing, but unfortunately good ideas don't usually land on people with deep pockets

Do you have the backing to do one as proof of concept?  I think if you could prove concept it's more likely for people to invest and want in.

I think that proof of concept goes a long way as far as getting investors.

i didn't read everything bu in the case you offer an hosting service, how much you will charge in total(fee maintanance and everything else) for hosting a s5, that you already have, in the case that i want only its hashpower, pretty much like a cloud?

You would be amazed how hard the electricity can get subsidized just to not assume the political cost of raising prices.

Besides, if electricity would go up 10x, which would be a total social disaster, an S5 would cost 10x 0.89$/month.... still VERY profitable...

I know people that still profit from S3 units here on my country  

Mark me as interested. I'll have to do some research on the legalities of it in Venezuela but does sound interesting indeed.

I do worry though what will happen when things collapse. I am going to guess the situation cannot remain the way it is.

Full ownership. Its regulation will be under the horizontal property law on my country.


I haven't yet determined that, but from my business i know a full symmetric 1mbps costs something around 20-30 USD/month.



Both. I own a business, and we use bitcoin legally to acquire hardware and services online (VPS, DNS, etc). Also, personally i have several miners, which let me expand businesses. Personally has the advantage of lower taxes, but legal entities have access to better capacities (think MW instead of KW). Govt. intervention is less than one would think (that is, non-existent).


I'm calculating a little bit more than 0,5 SqM/KW. The units will be 20 Sqm with 36 KW each.

A couple of other questions to save me spending too long Googling on a Sunday evening:

1. Is the structure planned to be a lease/rental on the individual units or full/shared ownership by investors?

2. What's the actual internet connectivity like for business-grade connectivity over there in terms of cost and bandwidth?  If mining doesn't work that may leave some doors open to other uses at least of a South American data centre with those power prices.

3. Do you run your own mining operations through a legal entity or personally?  Are there particular advantages (offsetting costs, etc.) versus disadvantages (more likely govt intervention, etc.) of either structure? 

4. What size would each unit work out at (sqm) for your early-estimated costs?

Thanks

Oh, I see! Thanks for the info, I'm interested in seeing how this progresses as time passes on. 

Almost correct...

It is a real-state that will be sold to investors, in a completely legal fashion, they can even resell or lease it to other parties.

Administration of the whole building is the "hosting" with services meant specifically for data-hosting needs: cleaning of devices, handling of equipment, removal on demand and shipping, proper cooling, multiple internet access, VPN access, remote video feeds, etc. This would be part of the commons cost, not too different to what you have to pay monthly on your average condo.

Ah, so just to clarify what you're offering is an ultra low-cost hosting service based out of vz?

Correct me if I'm wrong.

Wow thank you for putting such a great response together.  It's honestly better anwser then any of the stuff I was finding on google.

Mining does sound very interesting there.

Venezuela. Everything is cheap here.


Apart from the obvious trolling there, this is not a "mine" per se, if you read what i've said already is that this will be a "mini-mine condominium", everyone inside is free to pick any mining pool and get their profits themselves. The idea is to let everyone have the opportunity to mine profitably without the costs related to electricity in most countries. This is the contrary to centralization.

---

Investors would "buy" one of the "shops", they are totally free to either use it or sell it to someone else. It would work exactly as having a commercial shop, just that it suits best electronics.


I'm not sourcing hardware. However, i'm working on a better heatsink for the S5 for more efficient heat removal, but that's a different project altogheter.


Haven't heard of someone being victim of this. However, i would advise owners how to get they hardware safely to the country, no need to have this kind of losses if i'm already into the mining business.


Btc can be exchanged on two sites already, there's a thriving localbitcoins scene and a facebook group to boot.


No, data services are VERY common on my country. Just in the same zone where i spotted the real state is an IBM data center, and one of the biggest venezuelan-owned data centers Daycohost.

---

Still not much investors as you would think. Certainty of long term profitability is something not much people have, and it seems that outside VE there's a feeling of bitcoin losing its magic and charm. I only know that whoever thinks that, they haven't found out yet how profitable Bitcoin mining is in my country.


Yeap, that's for one of my personal mines

It appears you already have investors and you already have people investing.  How much are you looking for total?

Isn't this you?

https://btcjam.com/listings/47619-last-mining-expansion-for-this-year

Im from ve and im interested in getting into the business. If youre looking for a partner pm me.

This mining operation is very interesting, but I have a few questions:
How are you planning on giving your investors a return?
Where are you sourcing your hardware from?
Does/can border authorities seize incoming mining hardware?
How can you convert btc to your local currency at the black market rate?
If local authorities find out, is it likely the hardware will be confiscated?

First question -- where is "HERE", where you want to do this mine?  With the cheap real estate and power?

Second question - how can you even have such a boneheaded, moronic idea of trying to start ANOTHER Bitcoin mine when the difficulty is 51 BILLION, and the prices are past their peak, and all the infrastructure to build this thing is very costly.  It is a financially losing proposition, cheap labor and power aside.  Don't do it.

There are at least 4 "official" exchanges here:

• Preferential rate 6.3 VEF/USD (the one used officially everywhere) that only applies to "high level" government officials and certain drugs (a list of less than 20 items, for things like Cancer, AIDS and Multiple Sclerosis). Almost no-one has access to this rate, just a handful of people on our country. If this was the real rate, a minimum wage worker would be arning a little north of 1100 USD/month.
• SICAD I rate 12.0 VEF/USD, the one people get when using credit cards from government run banks with a $300 annual quota.... yeah, we can only spend $300 a year on internet, and only with credit cards which only has like less than 5% of the population. This rate is rare, and with the annual quota is almost impossible to rely upon. If this was the real rate, a minimum wage worker would be earning a little north of 580 USD/month.
• SICAD II rate ~60 VEF/USD, the one that some businesses get to import stuff when they prove the import has social impact, that doesn't has national production, that comply with a shitload of documents. Normal people can't access this rate, just business and it isn't that common. If you buy with this type of exchange your business can't EVER gain more than 30% over the cost of the product, and you must state explicitly that you've received this type of rate, per product you sell. If this was the real rate, a minimum wage worker would be earning a little north of 110 USD/month.
• SIMADI rate ~200 VEF/USD, this rate is weird. Officially, you can ask for 10k USD a year as a normal person, and up to 350k USD/month as a business but no more than 45k daily. The official stance is that this rate is the result of an auction, but the fact that there's no offer book, there's no information on volume, and the market works VERY weird doesn't helps. Besides, you must have a special USD account on a national bank to receive the funds, and you never receive what you ask for ie I asked 800 usd and received 300 each time, and only once a month. After receiving my first 300 usd each month, the auction "dried" up for me, although several people could get funds at different days than me. This system is a clustefuck, really, there are more nuances to it, but i won't explain here because, for practical uses, it isn't working anymore.... ooh, and you can only use the funds via WIRE TRANSFER with an effing 35 USD fee each time. If this was the real rate, a minimum wage worker would be earning a little north of 35 USD/month.
• Black Market rate ~630 VEF/USD this is the only market rate available to everyone freely, in other countries this rate would be called free market rate, go figure. There's one caveat however: there's only ONE WEB PAGE with this rate and it calculates the rate based on the Colombian frontier in Cucuta, so we have ultra sharp market swings whenever an exodus of people occurs on the colombian frontier. "Why only that page?" you ask, welp, if you happen to publish black market rates publicly, you can get jail from 5 to 10 years, and the guys that are publishing that rate are OBVIOUSLY outside our country, if not they would be serving hard time already. However, the plot thickens, as this is a self fulfilling prophecy: Because the only people interested in our effing currency are the colombians on the Cucuta frontier, you can't use another way to rate the currency parity, and the government forces everyone dealing with them to use the 6.3 VEF/USD rate, thus making it unattractive to deal with the government, lowering the market interest on dealing with Venezuela. If this was the real rate (and, ooh what a coincidence, prices line up nicely with this rate), a minimum wage worker would be earning a little north of 10 USD/month.

So, with this wall of text you should be asking me "how the fuck are you living down there?". Low income people are forced to do daily lengthy queues to access subsidized products. It really really sucks for them. Mining with just one S5 allows you to live the "good life" here, it is really crazy.

Most businesses are dealing with USD amounts. Pro-forma invoices denominated in VEF are valid for, at most, 7 days, with most of them being valid only for some hours. I'm looking to buy a truck, and all the prices are stated on USD. Real-state is exclusively dealt in USD, with most parties preferring foreign banks for transfers.

Finally, how would i handle this business: Everything denominated in USD and payments made on Bitcoin, each buyer should have to either take a trip here to sign the sale contract or have a lawyer firm do that with a "power" document. Most real-state is paid on USD, so that would be dealt without VEF in the scene

Also, most details i haven't determined it yet. I have a friend that has a construction business and he gave me ballpark figures, which sound nice and i think it is viable from experience dealing with big projects in the past. However, if there's not enough interest (and by interest, i mean 200 units reserved with a signed message from a wallet with at least 100 btc per unit), i won't even bother, i know i will eventually have the funds to do this, but atm i can't.

Very interesting on some of the information.   So does the official exchange not really mean anything?  I find this "black market" interesting on currency just never dealt with anything like it.  Who do you go to to exchange cash?  Would a foreign investor be paying the official exchange rate?

Not negatively received by me - just due diligence.  I am certainly interested in seeing where this goes so wouldn't rule it out - if you get some figures and this fleshed out a little more I'd certainly be interested to hear what final costs end up like and look at it further.  I've always fancied justifying a trip to South America.

Main interests of the government are mass market facing properties: milk, coffee, etc. Also, there are SEVERAL government officials knee deep on the ecosystem, and the fact that there's no central authority to the blockchain is a plus when it comes to considering it as an alternative over the "empire" and such (officials refer to the US as the empire).


Foreign ownership is totally valid, there's a horizontal property law in place, that would be the one regarding these kind of properties.


Electricity lately has been more stable. The main power outages of past were like 6 hours/year. The zone where i found the terrain lot is one of the most "exclusive" of Caracas, with several tech companies there.

I'll be developing the project a little more if i found out there's real interest from the community at large on this kind of opportunity (so far, it seems not very well received )

Might as well make my first post on here after months of lurking as this is an area I've been looking at investing some money in to as the figures just don't work when cost is closer to that in UK.

I'd certainly be interested and figures you've got would potentially stack up - my concern would be the regulation in Venezuela.  I believe the state has quite significant powers over nationalisation of assets that become either very productive or in any way could be considered at odds with authorities.  Whilst I have no idea what the real situation on the ground is like over there compared to European news coverage this would be my biggest concern.

If you were looking at doing this properly and getting suitable company setup then do you know the limits are for foreign ownership in a company based over there?

A final question - other than the well publicised power outages that have hit the country and taken a while to redeem in the last few years how reliable has power been in these areas in your experience?

Yeah... i'm mostly underfunded lol... if not for that i would take the whole idea for me 

Electricity is ridiculously low here.... i've just paid my montly home electricity bill, includes 2 air conditioners + 4 miners (can't stand more noise than that @ home) and it was just 2600 VEF, which at current "black" market (which is the only market, btw) prices is 4.19 USD.

Ok I can admit when I'm wrong.  I did math in my head and could must have done something wrong.  If you can get electricity for even close to that ... yea that is a amazing deal.   

I still like the idea of bigger miners to have to buy less equipment such as networking, proper electricity parts, etc.   Having it split is not a bad idea at all.  But I would look at splitting into a few warehouses vs hundreds of shops.    Security alone on hundreds of shops would be a nightmare.

But after seeing that electricity price you do have some nice ideas.

Chiguireitor! Tambien he pensado un tanto hacer algo como eso, ya estoy haciendo una instalacion electrica para un espacio en La Floresta de aprox 40 sq m y con 2 aires de 24k btu. PM si te interesa o piensas que hay alguna posibilidad de negocios

Price of electricity is ultra cheap here, with 80% being from Hydro power (Guri dam) and the rest from heavily subsidized thermoelectric petroleoum power plants.


That's the genius part of it, if i granulate electricity to be distributed among 200 shops, you get a really low electricity rate, like almost free. Cooling would be centralized, with a extraction system tailor made to remove heat of 36 KW of bitcoin mining equipment, not wimpy systems made for meatbags . Networking equipment would be a cost each "resident" would need to cover from their assigned ethernet endpoint, i would just provide building backbone, again, tailor made for the specific needs of a bitcoin mine.


Each employee here is just $20 a month Really cheap labor.



Places with cheaper electricity i have enough now, i'm developing 5 low power (36 KW) mines atm, but bigger and meaner is the way to go here... i mean, with electricity as cheap as 0.002 USD/KWh...

It's a interesting idea  I kinda made a hobby version when I upgraded for summer.    I think it would be interesting as an idea to build a data center.

I see a few things that might be hard.  I don't think the price of electricity is cheap enough.   I think you would need to move to another place with a decent amount cheaper electricity if you truly want to be a commercial datacenter.

Other problem is 200 shops.  Your talking you need 200 of everything, this scale is not really reasonable.  I mean 200 security systems, cooling systems, networking equipment, etc etc.   And employees going in between them would be a waste of time and money. 

Look into 1 place and cheaper electricity is my advice.

I've been studying my local real-state market, and prices have been going lower lately.

I'm currently considering starting a project for a mining farm that will have approximate capacity of 7.5 MW.

Considering my past experiences with mining on my country, adding human resource costs (guards, technicians to setup miners, cleaning personell), electricity and internet costs, i calculate that hosting 1 KW on that mine would cost less than $10/KWh.

I've found a real-state lot on a nice place of the capital city that would fit a building with around 200 individual "shops" (being data-center oriented, there wouldn't be anyone around walking besides building employees) of ~20 sq meters with common air extraction and emergency CO2 extinguishers, with 36KW lots. I could provide all the man power necessary to keep running the place 24/7.

Is there any interest on this kind of endeavors? Would anyone be interested in investing on these kind of real-state on my country?

Also, i'm not interested on taking money atm, just knowing if people would be interested so i can develop the project and get costs down to reality to evaluate feasibility.

Some quick numbers: 36 KW worth of S5 would be ~69TH/s * 200 locations, 13.8 PH/s. Running 13.8 PH/s would cost south of $72k USD (with all non-electricity costs included).