I never said free... in washington at least. but 2-3 cents is pretty close id say.
Either did I. I said virtually free (with apologies if I misspoke at some point(s)).
https://youtu.be/S9DjpDY-PIY?t=1780As an owner of a large farm (earlier in the video said farm is the largest in North America) power is almost free. (paraphrased - see video for actual)
https://forum.bitcoin.com/ama-ask-me-anything/i-m-marshall-long-aka-partner-cto-of-finalhash-llc-and-a-true-bitcoin-og-t2160.htmlI'm Marshall Long aka 挖矿王子 - Partner & CTO of FinalHash, LLC and a True Bitcoin OG
Post reputation: 3 Quote
Fri Nov 06, 2015 4:48 pm
Hey Folks Ask Me Anything! (Will be responding starting at Noon EST)
A bit about myself.
+Started Coding when I was 15 years old
+Original Career in Engineering
+Got into bitcoin in Nov. 2009
+Started originally as a miner
+Currently one of the top 10 miners world wide with mines in China, Washington, Chicago, and Canada
+Have deep ties with China and go by the name of 挖矿王子 there. (Roughly translates to "Mining Prince")
+I love decentralized tech and ways to subvert the copious amounts of censorship handed out by governments
+Recently Featured in a documentary while in Tokyo with our very own ROGER VER!
https://youtu.be/8zKuoqZLyKg?t=5m27s In the above, you clearly state that you're a miner with mines in China, Washington, Chicago, and Canada affording the distinction as the top 10 miners in the world. With me so far, or am I typing too fast for your pea brain to keep up?
Yes, we know about how power is cheap or subsidized in China, and of its cheap cost in Washington state, but you being a smart mining guru and all, and knowing full well how energy cost affects the bottom line of a mining operation, why in Jehovah's name did you even consider building a farm in Chicago or Canada, let alone actually build them? Remember, it's your words that you own mines in all four regions and NOT just some others' owning the facilities to host your miners or you acting as a go-between as a hosting or cloud mining entrepreneur.
Aside: Thanks to whoever just put marshmallows in my coffee.
In re. your cost efficiency prowess, we all know how energy cost is a major consideration in managing any size mining operation. And we know that you know that as well. How? Glad you asked. Allow me to provide yet another link to stick up your ass along with a quote from May 4, 2015, to tickle your colon:
https://bitcoinmagazine.com/articles/new-mining-chip-developed-sfards-becomes-efficient-chip-produced-1430775223The mining industry has shrunken dramatically over the past six months due to the low price of bitcoin. On January 1, 2015, cloud mining company and GHash.IO mining pool operator CEX.IO announced that it was temporarily suspending cloud mining operations due to the bitcoin price drop. As the price has fallen lower, electricity costs and mining efficiency has become an even more important factor for miners. However, a new generation of high-efficiency chips, including this one from SFARDS, is in development.
“I have personally already talked to many major farms, and many are excited,” Long said. “SFARDS is being cautious, and batch one will be produced only in a quantity of around three petahash. And they will limit each customer to a small amount so everyone can try it out. However, big farms will be allowed towards mid-summer to order in bulk.”
Due to the chip being in the final PCB design phase, Long wasn’t yet sure what the price for the chip would be. He did say, however, that the price would be competitive and that, “I personally expect the first miners to be finished and ready to be shipped in under one month’s time from today.”
When it does launch, FinalHash, Dual Miner, and a few other distributors will be allowed to sell both units.
After all the above, you're now saying that you don't own any mines, including the largest in NA, but simply use the farms to host yours or others miners or provide cloud mining services.
You've yet to convince me or others reading this thread that you're a straight-up player, perhaps even a Freemason considering your use of 'Brother' periodically.