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Topic: DataTank Mining: 1.2MW 3M Novec Immersion Cooled 2PH Mining Container - page 16. (Read 44451 times)

newbie
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Thanks to everyone for their enthusiasm! The DataTank team is glad to see this offering come to fruition after much careful thought and planning.

Glad to see that this project will be run by allied control themselves and not one of their customers.

Few questions:

Quote
<$820/T (<$0.82/G)

Is that including the cost of the asics?

Quote
$18/kW total operating cost per month

Is this accurate? That translates to about $0.025/kwh which would be incredibly good.

Yes, the cost of the ASICs are included in that calculation and the $18/kW is accurate as well. The significantly decreased operating and cooling costs are some of the main competitive advantages of the DataTank containers.


hmmm hmmm hmmm ... so shareholders are buying shares=MWs, so it will be something like buying dedicated hashrate in a cloud mining operation like cex.io ? So no profit for shareholders from company sales ? Just from mining, so its just like 3-6months pre-order space for hosted cloud mining ? Am I seeing this right ?

Unit purchasers are purchasing either ASIC Mining hardware + the DataTank capacity/infrastructure (DTMA) or solely the capacity/infrastructure (DTMB) on a per-container basis.

This way, investors can choose whether they would prefer to invest in both mining hardware and capacity or simply capacity/infrastructure to be rented to others.

DTMA holders will own both the mining hardware and the container (capacity), allowing them to determine the direction of the mining operation and the capacity. The most efficient hardware available at the time of deployment will be used.


As I see this:
DTMA shares - full containers are build, with hashing hardware, 100% net profit from mining as dividends, 3+ months after IPO
DTMB shares - only containers are build, rented to clients who provide hashing hardware, 20% net profit from mining to shareholders

No sales of containers, but hashing hardware can be replaced later, with some future reinvestment plan?

DTMA unitholders will own the mining equipment, so they will determine whether or not to reinvest mining profits to purchase additional hardware. DTMB will seek to sign profitable agreements with mining partners, whether they be revenue share, straight lease, or some other revenue model.


Revenue forecast tables on page 15 in Prospectus are done as the mining starts.. yesterday (diff first month 12750M)?

This forecast is simply an example if DTMA were to deploy today. Completed containers will be outfitted with the most efficient mining hardware available at the time of deployment.


Interesting!!  I'd love it if friedcat could confirm/deny any statement/sentence in the OP... Smiley

Patience, young Padawan  Smiley
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Considering
Since it uses AM chips and pending a FC confirmation this is worth a serious consideration
sr. member
Activity: 305
Merit: 250
Interesting!!  I'd love it if friedcat could confirm/deny any statement/sentence in the OP... Smiley

Following thread. Looking forward to this, and looking forward to there being validation of this operation.
sr. member
Activity: 243
Merit: 250
sr. member
Activity: 404
Merit: 252
Very interesting. If this is succesfull they might can become market leader if they start mass producing those things and me asicminer shares $$$$.

Not investing in this one already have a investment in black arrow and hope I can still make some profits before this starts running. I have been in enough rat races.

When this becomes mainstream I also hope the btc price to climb up big.
donator
Activity: 2352
Merit: 1060
between a rock and a block!
Interesting!!  I'd love it if friedcat could confirm/deny any statement/sentence in the OP... Smiley
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
I guess they'll end up at about 0.5-2.0% of the network with a setup of 24PH/s
sr. member
Activity: 378
Merit: 250
From the prospectus:

Quote
DataTank Mining will deploy up to 10 container mining systems (12MW / 24 PH / 60 Tanks) within 3-6 months of successful completion of the IPO (ie. Q3 and Q4 of 2014). Two locations with renewable electricity at around $0.02 per kWh are available. One location is within the USA, a second location is available with similar electricity cost, in a free trade zone with favorable climate and no import or export restrictions.

10 containers, 2,400 DataTank Immersion Blades (80x AM BE 200/board) in 1 container = 940 000 $ order from ASICminer, minus costs, its aroud 1$/dividends/AM share from 1 container produced by DataMining  Lips sealed
hero member
Activity: 630
Merit: 500
Revenue forecast tables on page 15 in Prospectus are done as the mining starts.. yesterday (diff first month 12750M)?
hero member
Activity: 770
Merit: 509
From the prospectus:

Quote
DataTank Mining will deploy up to 10 container mining systems (12MW / 24 PH / 60 Tanks) within 3-6 months of successful completion of the IPO (ie. Q3 and Q4 of 2014). Two locations with renewable electricity at around $0.02 per kWh are available. One location is within the USA, a second location is available with similar electricity cost, in a free trade zone with favorable climate and no import or export restrictions.
sr. member
Activity: 378
Merit: 250
DTMA shares - full containers are build, with hashing hardware, 100% net profit from mining as dividends, 3+ months after IPO

Yes, but only from your container(your pre-rented MW), right? With profit depreciation from day1

So its quite possible that they will be releasing "shares" in multiple batches, for less and for less and again for less ... until they reach zero-sum. Good for company, because they will have shitloads of orders, full hands of work, great demand for fluid, making huge profit all along the way with 0 risk. And shareholders in the end will stay with dick in hand and with containers full of hosted hashing power making barely any profit, if not in loss assuming that $26000 operating monthly cost. So its like participating in classic mining race with big guys. I was never a fan of cloud mining, the shares can simply only go down, because 1 MW will produce less and less BTC every day, I will pass.
hero member
Activity: 630
Merit: 500
hmmm hmmm hmmm ... so shareholders are buying shares=MWs, so it will be something like buying dedicated hashrate in a cloud mining operation like cex.io ? So no profit for shareholders from company sales ? Just from mining, so its just like 3-6months pre-order space for hosted cloud mining ? Am I seeing this right ?
As I see this:
DTMA shares - full containers are build, with hashing hardware, 100% net profit from mining as dividends, 3+ months after IPO
DTMB shares - only containers are build, rented to clients who provide hashing hardware, 20% net profit from mining to shareholders

No sales of containers, but hashing hardware can be replaced later, with some future reinvestment plan?
legendary
Activity: 994
Merit: 1000
full member
Activity: 219
Merit: 100
Bitcoin Mining Hosting
I'll be in touch 100%. This could go very well in a new center of ours.
sr. member
Activity: 378
Merit: 250
hmmm hmmm hmmm ... so shareholders are buying shares=MWs, so it will be something like buying dedicated hashrate in a cloud mining operation like cex.io ? So no profit for shareholders from company sales ? Just from mining, so its just like 3-6months pre-order space for hosted cloud mining ? Am I seeing this right ?
hero member
Activity: 770
Merit: 509
Glad to see that this project will be run by allied control themselves and not one of their customers.

Few questions:

Quote
<$820/T (<$0.82/G)

Is that including the cost of the asics?

Quote
$18/kW total operating cost per month

Is this accurate? That translates to about $0.025/kwh which would be incredibly good.
sr. member
Activity: 434
Merit: 250
any room in that tank for my gourami? kidding. very interested.
sr. member
Activity: 328
Merit: 250
hero member
Activity: 924
Merit: 1000
Hot item this. Anyone got access to a farm with a lot of pigs or cattle and an existing biodigestor? I am not joking.
hero member
Activity: 489
Merit: 500
Immersionist
I approve of this message  Grin

I am working for DataTank Mining.
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