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Topic: China is going to produce container-sized 1 PETAHASH/S BTC mining machine. (Read 3108 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
15 cent a G for a 50% ownership interest for a complete unit is a pretty good price,

and the math for that is really the same as 30 cents a gh for 100%

and I can buy an s-7 for  1585 shipped to my home    which is 33 cents a gh.

so you are correct in that is is not insanely priced.

but it is not a bargain.

23 or 24 cents would be better.
legendary
Activity: 1456
Merit: 1000
Pre-order ~half year..
I have seen such pre-orders from KNC and Cointerra, but I have not seen miners

To my mind it's scam

There has not been a company to be able to to mass production of these. (If you look at thread one company currently already sells containers that can hold gear, but it's not cheap so not a huge seller I'm guessing).

What I don't like is:

Expected to cost 2.8 million RMB or US $438,905 each. If you were to partner with BitBank to procure this beast, you and Bitbank pay  1 million RMB or US$156,629 each. The poster says Guaranteed ROI before 1 Oct 2016, followed by 45% profit.

In bitcoin you really cannot guarantee ROI.  It is a high risk investment there is no way to say you will hit 45 percent always.  I just don't see being able to hold that deal up if difficulty jumps or something else.
member
Activity: 118
Merit: 10
Pre-order ~half year..
I have seen such pre-orders from KNC and Cointerra, but I have not seen miners

To my mind it's scam
sr. member
Activity: 448
Merit: 250
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200 S5s S7s, I can't see anyone buying a container.

Modular? How about this?  Grin

http://privateislandsblog.com/wp-content/uploads/2012/02/shipping-containers_0.jpg

It looks like how you would stack your S5s, but on a massive scale.
sr. member
Activity: 448
Merit: 250
I believe the key to mining is low cost electricity. I am sure there are towns in China with super-low cost electricity bill or it could be powered by waterfalls.

I'm wondering you could buy a couple of these containers and operate it in gobi desert or something powered by solar panels? When night falls, power it with cheap diesel?  Huh
hero member
Activity: 754
Merit: 500
1xBit the largest casino
we can offer some of Europe's cheapest power as well - inquiries welcome!

Europe's cheapest power? How much is it?


i pay 0.05 cents at sweden, and there are some cheaper options down to south of stockholm.

i think cheapest is like 0.01 and maybe lower
sr. member
Activity: 326
Merit: 250
we can offer some of Europe's cheapest power as well - inquiries welcome!

Europe's cheapest power? How much is it?
full member
Activity: 135
Merit: 101
Hydromining!
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

My company didn't die -> https://bitcointalksearch.org/topic/m.11143766

Another design, from Canada: http://www.cryptokube.com/

I appolgize I could not remember the name and it had been so long since post in that thread could not find it.    Assumed it had died.

Are you actually selling theses in a decent quantity?

I wouldn't mind selling some more Wink Actually they are the cheapest way of deploying miners, we can offer some of Europe's cheapest power as well - inquiries welcome!

We stopped accepting customers with only a couple of miners as there is no profit in it for both parties, and therefore the business model doesn't make sense. We are still working on bigger projects and thinking of offering a kind of "sale and lease back" agreement for existing hardware / people with only a miner or two.
legendary
Activity: 1456
Merit: 1000
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

My company didn't die -> https://bitcointalksearch.org/topic/m.11143766

Another design, from Canada: http://www.cryptokube.com/

I appolgize I could not remember the name and it had been so long since post in that thread could not find it.    Assumed it had died.

Are you actually selling theses in a decent quantity?
newbie
Activity: 35
Merit: 0
15 cent a G for a 50% ownership interest for a complete unit is a pretty good price,
full member
Activity: 135
Merit: 101
Hydromining!
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

My company didn't die -> https://bitcointalksearch.org/topic/m.11143766

Another design, from Canada: http://www.cryptokube.com/
legendary
Activity: 1456
Merit: 1000
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

Theirs was air cooled but I don't remember the company name.

I wish I could remember.  They built one to show off and filled it up with some SP gear I think.  And that was as far as their company went i think.

I cannot remember name but price was rediclous.  They charged like 10k or something for empty container and I think like 30-40k for wired container.  It was a high profit project to say the least and I don't think they ever sold one.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Modulated design, easy to reduce international shipping cost, but still on paper, delivery date Feb 2016, by that time difficulty already doubled
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

Theirs was air cooled but I don't remember the company name.
hero member
Activity: 700
Merit: 500
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

legendary
Activity: 1456
Merit: 1000
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.
sr. member
Activity: 353
Merit: 251
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

S5 or S7
legendary
Activity: 1666
Merit: 1185
dogiecoin.com
There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200 S5s S7s, I can't see anyone buying a container.
hero member
Activity: 672
Merit: 500
You can certainly mount more than 200 units of S7 into a container, so 1 petahash really isn't that impressive. This could be a chinese scam, this company may not be able to secure so many chips and they can run away with the money.
legendary
Activity: 1456
Merit: 1000
1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

The new SP50 I'm guessing might make it possible.   I don't know if we know dimensions but 10 of those.   But I think this is kinda publicity I don't think they are going to sell many of these.  This is the group that already owns a huge miner data center right?

The guaranteed ROI is hard to believe.  I personally don't like when someone does that as its normally impossible to promise unless they offer refund if you don't make X amount.
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