[Discussion] My Bitcoin Mining journey - 400 1080 Ti's To Present Day -

VyprBTC

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Quote from: QuintLeo on December 06, 2017, 03:46:30 PM

Roof fans and vents might be an option - or replace some of the panels in or the entire roll-up door with a bit "louvers" setup for the intake venting.

Those are some awesome ideas definitely going to have to look into it! My construction guy did say "Don't worry about it, we'll just vent everything up, I'll knock however many holes you want in that ceiling"

Sadly I STILL haven't been able to meet up with the landlord, my agent is telling me not to worry it's just a conflict in our schedules, but still, I just want to check it out, secure the location and start the process - setting up internet alone takes 3 weeks + here so I'll be running off hotspots in the mean time.

QuintLeo

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Roof fans and vents might be an option - or replace some of the panels in or the entire roll-up door with a bit "louvers" setup for the intake venting.

VyprBTC

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Quote from: bigjee on December 05, 2017, 11:29:52 PM

Im in Winnipeg and the outside temp is -15C tonight; My room's window is wide open and the room temp is 22.3C to give you an idea of the heat being dissipated in here. Cheesy

Good luck on the expansion and Im sure since youre a financial planner you'l do just fine.
All the best!

Wow from 5ºF outside to 72ºF inside... you must be running a nice bit of gear, holy mama!

I don't think I'll be so lucky, my buddy told me that the building is all concrete and only a front side roll-up door, so ventilation is going to be a tiny bit... tricky. Going to snap up picks when I visit the location tomorrow. I might just have to take it though, honestly I'm shocked a building is able to be locked down this quickly, anyone in LA knows how time consuming securing a lease is. I used to be a commercial agent many many years ago. it's never stopped being so fast paced.

Thanks for the vote of confidence, I still have some decisions to make. Part of me wants to just sit on my coins since time and time again holding onto coins has MASSIVELY outperformed buying mining equipment. Mining has never been a loss, but nowhere as lucrative a return as just holding onto those dear old coins and investing in more.

We'll see how it unfolds.

bigjee

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Im in Winnipeg and the outside temp is -15C tonight; My room's window is wide open and the room temp is 22.3C to give you an idea of the heat being dissipated in here. Cheesy

Good luck on the expansion and Im sure since youre a financial planner you'l do just fine.
All the best!

d00f

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Up in the frozen wasteland to the north of you I'm paying about $0.065/kwh (converted to USD for you). The cooling is provided by mother nature for 6 months of the year and a small collection of cards is heating my home. To the south (the area where you're at) it really doesn't seem to make any sense dealing with the high costs of power and cooling. I feel like Quebec (Canada) is probably ideal because there is so much cheap hydro and as you go North it gets cooler - although not too far north or your internet will suck. Commercially, demand metered I had my own phase converter and was paying about $0.02/kwh. Not free, but almost.

VyprBTC

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Well my realtor buddy just called me up, he actually found a spot for me and I get to inspect it tomorrow and pick up the keys as well if I like the terms.

Main thing I need to inspect is the Electric Panel ... and where I can put some massive vent holes lol

Still undecided as far as how much expansion I'm going to be doing, but at least this is a step forward.

VyprBTC

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Quote from: QuintLeo on December 05, 2017, 06:14:44 AM

I was stationed on USS Ranger out of North Island for a while - there were parts of the WestPac I made I definitely would have liked to repeat (like the stopover in Thailand) and other parts I would like to have missed.

Chula Vista- varied when I was living there, some parts were decent some were starting to get iffy.
Nowhere near as bad as Barrio Logan though.

Climate in Central Washington isn't a ton different, except we actually have winters here (usually mild though).

I wish I had the money for 50 x 1080 ti cards AND the rigs to put them in. Might get into that ballpark in another year, if profitability stays good, but I suspect it's going to take a good bit longer.

haha. Thailand is fun, only been once, wasn't really my scene but partied it up. When I got out I got picked up as a security contractor in the middle east. We would take so many trips to everywhere, blow obscene amounts of money because 1 - young and dumb 2 - honestly didn't really know if we'd live till the next vacation and 3 - what else is a 22 year old going to do making 6 figures? Spend it all like an idiot, that's what!

QuintLeo

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I was stationed on USS Ranger out of North Island for a while - there were parts of the WestPac I made I definitely would have liked to repeat (like the stopover in Thailand) and other parts I would like to have missed.

Chula Vista- varied when I was living there, some parts were decent some were starting to get iffy.
Nowhere near as bad as Barrio Logan though.

Climate in Central Washington isn't a ton different, except we actually have winters here (usually mild though).

I wish I had the money for 50 x 1080 ti cards AND the rigs to put them in. Might get into that ballpark in another year, if profitability stays good, but I suspect it's going to take a good bit longer.

VyprBTC

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Quote from: QuintLeo on December 04, 2017, 05:55:15 PM

I miss San Diego climate (lived there for almost 12 years, part of that in the Navy but most of it after I got out) and watching lots of pretty gals in bikinis on the beaches almost year-round.

I do NOT miss the cost of living there.

hahaha one of my closest friends was stationed in Coronado lucky bastards ship was under repair for like 3 years so didn't do any sea duty till his last year! It was a blast every time I was on leave I would head down there and party with him. Good times! Crazy guy got out and stayed in the area, but in Chula Vista I think, very very ... rural. Looked like Fontana meth ville to me

cryptbro

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Quote from: QuintLeo on December 04, 2017, 05:55:15 PM

I miss San Diego climate (lived there for almost 12 years, part of that in the Navy but most of it after I got out) and watching lots of pretty gals in bikinis on the beaches almost year-round.

I do NOT miss the cost of living there.

Amen bro lol. Currently scoping out some commercial areas so I can quit paying this ridiculous residential rate but I'll need some more rigs first to make the profitability worth it.

QuintLeo

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I miss San Diego climate (lived there for almost 12 years, part of that in the Navy but most of it after I got out) and watching lots of pretty gals in bikinis on the beaches almost year-round.

I do NOT miss the cost of living there.

VyprBTC

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Quote from: bigjee on December 04, 2017, 03:39:16 PM

Hey Vypr.
Im impressed you have 9 rigs at your place. I only have 4 and the place sounds like an airport! Grin

That being said I think you need to define a goal for yourself. What do you want out of all this (to me this is the most important question).
You could decide to hodl by building a simple portfolio and sell your assets/rigs to create it
Alternatively if you want to get back in and ride the bitcoin waves just keep mining with what you have (are the rigs at home paid off? or are you carrying debt).
If you expand you will be investing more capital (youve sold once and buying again so Im pretty sure youre not coming out ahead) to begin with so might want to run the numbers again to see if it makes sense.

LOL Yes indeed it does sound like LAX - I am using my garage to house the equipment. I'm using Vortex 10" Inline fans which has about 700 CFM - don't be fooled by all these 5000 10000 CFM fans, they don't work at EXTRACTION due to static pressure. A few of my old clients had huge marijuana grow ops, these are the fans that these people use to remove heat from their giant lights. They work amazing.

I've actually been hashing numbers for the past few months since we liquidated the warehouse - I'm a financial planner by trade so the spread sheets run wild!

I have a decent holdings of BtC, all the rigs were paid for in BtC and they are most definitely paid off, zero debt.

You hit the nail on the head, if I expand, I will be investing more capital, which puts me at the difficult decision. On a speculative basis, I don't think BtC will grow the 550% it did - that's one of the main reasons the partners dissolved the warehouse - profits were and are good, but not 550% good Cry

I don't see 5x growth this coming year, again speculative as it's a very volatile (obviously) market.

But it's why I decided to try to have a discussion here, bounce some ideas around, hear opinions, views etc to expand my consciousness in whole.

bigjee

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Hey Vypr.
Im impressed you have 9 rigs at your place. I only have 4 and the place sounds like an airport! Grin

That being said I think you need to define a goal for yourself. What do you want out of all this (to me this is the most important question).
You could decide to hodl by building a simple portfolio and sell your assets/rigs to create it
Alternatively if you want to get back in and ride the bitcoin waves just keep mining with what you have (are the rigs at home paid off? or are you carrying debt).
If you expand you will be investing more capital (youve sold once and buying again so Im pretty sure youre not coming out ahead) to begin with so might want to run the numbers again to see if it makes sense.

VyprBTC

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Quote from: Serental on December 04, 2017, 03:34:10 PM

With that many rigs and so much equipment, have you ever considered setting up a warehouse out of state or even out of country? Here in Canada, we get between 8-15 cents/kw depending on province (in CAD). It might be worth it to spend the flight up, find a few partners, and work things out.

Also same question as above; how did you manage to get so many 1080 Ti's in bulk? I'm trying to build something of my own.

The hard part believe it or not wasn't getting the cards, because we just mixed brands and models, as long as it was a 1080 Ti, we bought it. At the time nobody was really buying them because everyone was land grabbing for 1070's and 470/80s.

The hardest part was getting PSU's, 8+8 cables and RISERS.

VyprBTC

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Quote from: cryptbro on December 04, 2017, 03:29:09 PM

i hear ya man. paying .35 cents/kw down in SD sucks. hows the commercial electric rate up there? been thinking about getting a spot to take advantage of the lower rates (i think its .15-.20 here)

Ouch.... SD doesn't play fam!

Commercial rates here range from $0.09 on up depending on the zone

VyprBTC

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Quote from: GCMiner on December 04, 2017, 03:23:00 PM

Yeesh, 0.27$ is insane. How did you manage to buy so many TIs in bulk?

It's absurd!

I started out before my other partners, and the bulk came from Newegg, the rest came from Fry's and Microcenter before Microcenter changed their policy to only 2 per customer. Even after they did for additional rigs we would just go 4 or 5 of us and buy them all. There are also 5 Fry's around Los Angeles/OC so we would drive to all of them and buy everything.

Serental

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With that many rigs and so much equipment, have you ever considered setting up a warehouse out of state or even out of country? Here in Canada, we get between 8-15 cents/kw depending on province (in CAD). It might be worth it to spend the flight up, find a few partners, and work things out.

Also same question as above; how did you manage to get so many 1080 Ti's in bulk? I'm trying to build something of my own.

Edit: Correct me if my math is wrong, but you're looking at almost $15,000 monthly with that size of farm! For same power consumption would be ~$6,000 in Canada. Definitely worth the research if you are serious about this project.

cryptbro

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i hear ya man. paying .35 cents/kw down in SD sucks. hows the commercial electric rate up there? been thinking about getting a spot to take advantage of the lower rates (i think its .15-.20 here)

GCMiner

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Yeesh, 0.27$ is insane. How did you manage to buy so many TIs in bulk?

VyprBTC

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Quote from: VyprBTC on December 04, 2017, 02:59:51 PM

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Topic: [Discussion] My Bitcoin Mining journey - 400 1080 Ti's To Present Day - (Read 954 times)