Topic: I mine with free electricity! Give me your hardware! (Read 1300 times)
i know someone who has an office in a nightclub/disco areal where energy costs are charged in total because there is just one meter reader for the whole areal. Depends on the rent deal of course in how far energy is priced in for this office, but if he was clever it shouldn't be much, however it's hard to judge because this facility is hard to compare with other places.
@crazyates, sorry if you misunderstood. I meant other inferior mining rigs not ASICs. Not gonna put anything mining near my future Avalon <3.
@DrG
Never did the calcs for the long run.... yeah apparently it is a bad idea....
But I would tolerate a BFL SC unit or something.
@DrG
Never did the calcs for the long run.... yeah apparently it is a bad idea....
But I would tolerate a BFL SC unit or something.
I have "free" electricity too but let's see how silly this sounds. Let's say you can house 400 5970s/7970s where you're at. That's 400x700=280GH/s. That's about 4 ASIC units.
At a modest 500TH network, you'll be making less than $100/day. You want to babysit 400 cards and burn in a noisy, hot hell (100k+ KWH) for 2-4BTC/day?
Just figuring the cards each lose $1/day in value you would need BTC to go up to $100-$200/USD just to not lose money.
You're welcome to buy all my rigs when I part them out next month
At a modest 500TH network, you'll be making less than $100/day. You want to babysit 400 cards and burn in a noisy, hot hell (100k+ KWH) for 2-4BTC/day?
Just figuring the cards each lose $1/day in value you would need BTC to go up to $100-$200/USD just to not lose money.
You're welcome to buy all my rigs when I part them out next month
I've offered to host people's ASICs, and not just in a spare bedroom in an apartment or anything like that. This was in a small datacenter with a dedicated rack, dual internet connections, redundant power, industrial AC, and remote access behind a firewall. I got a few nibbles, but no one seemed seriously interested.
I think most ASICs are profitable enough regardless of the electric costs, to the point that most people are fine paying the electricity to not have their precious ASICs in someone else's hands. A single day of downtime (for shipping, setup, etc) can result in hundreds of USD in lost revenue, and just isn't worth it. When the difficulty is up and over 100 Million, and electric costs play a significant role in ASIC profitability, I suspect more people will be interested.
I think most ASICs are profitable enough regardless of the electric costs, to the point that most people are fine paying the electricity to not have their precious ASICs in someone else's hands. A single day of downtime (for shipping, setup, etc) can result in hundreds of USD in lost revenue, and just isn't worth it. When the difficulty is up and over 100 Million, and electric costs play a significant role in ASIC profitability, I suspect more people will be interested.
Hello, Before the "oh a scammer" replies. Just read this and assess ok?
From my understanding ASICs pretty much drove FBGAs and GPUs out of the mining game. I mine with free electricity "Don't tell me no such thing exists. It is in my rent contract!". How about you send me the mining hardware and I will mine for you?
To "relatively speaking" guarantee that I am not scamming you. I have the following proposal:
I will beforehand send the full price of the hardware "As if it was new" to a well known escrow within the community that we both agree on, To keep the coins safe in case I tried to scam you or anything. Then you would send me the hardware, which I will start to mine with at a pool of your choice with your own credentials. You will pay me a certain negotiable percentage we both agree on beforehand. The block chain can verify if you actually paid me.
I don't want to spend those coins any time soon and we both want to get the best out of the mining experience we could afford to.
Am I being reasonable here or should I just go to sleep and delete this thread after I wake up?
- Lophie
From my understanding ASICs pretty much drove FBGAs and GPUs out of the mining game. I mine with free electricity "Don't tell me no such thing exists. It is in my rent contract!". How about you send me the mining hardware and I will mine for you?
To "relatively speaking" guarantee that I am not scamming you. I have the following proposal:
I will beforehand send the full price of the hardware "As if it was new" to a well known escrow within the community that we both agree on, To keep the coins safe in case I tried to scam you or anything. Then you would send me the hardware, which I will start to mine with at a pool of your choice with your own credentials. You will pay me a certain negotiable percentage we both agree on beforehand. The block chain can verify if you actually paid me.
I don't want to spend those coins any time soon and we both want to get the best out of the mining experience we could afford to.
Am I being reasonable here or should I just go to sleep and delete this thread after I wake up?
- Lophie
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