Recurring Expenses (including management fee)
1. Electricity - approx 3 cents per kWh (Douglas county, WA)
2. Internet access - shared with other owners
3. Space fee - 0.012 BTC per unit (10 chips) per month
4. Management fee - 5% of your earning (no bigger than what you would pay a mining pool)
Among all the countries of the world, I don't think there's any country that can beat 3 cents per kWh. (Maybe there's a place in Australia that is cheaper, let me know.) If you find this price hard to believe, here is the
link to the Douglas county PUD.
If we simply put the power consumption of each condo unit at 6.6W * 2.82 GH/s, then in one hour it consumes 18.612 Watt hours, which is 446.69 Watt hours in a day, which is 13.4 kWh in a month. Therefore, at 3 cents per kWh, your electricity cost per month comes to less than one U.S. dollar a month (40 cents)! If you own a whole box (32 units), your electricity cost per month is only about $12.86 per month. The Condo Management System will convert this into BTC and charge it prorated from every distribution, along with the Internet access and space fees. The management fee of 5% will then be calculated and charged also. The management fee is not a fixed amount, which is good for you because then it would be in Centerus' interest to optimize your earnings on a daily basis. If you don't earn, we don't earn also.
EDIT:
The average electricity cost in the U.S. is about 15 cents per kWh, so compared to Anytown, USA, your cost in Douglas county is only one-fifth of the average. In other words, in most other places, you are looking at electricity expenses of at least $64.30 per box per month. So even for those who are already running their own Avalon boxes, it may make sense to entrust your box to us. Initially our operation will not be anywhere like a data center operation, but we will improve.
Now remember, if we become big enough, we can be our own mining pool, and you don't have to pay another fee for a separate mining pool. I realize there are mining pools that don't charge any fees, and its up to you to join those. The Condo Management System will allow you to join any compatible mining pool. You are in control of your units.