Continued interview with
Apytioh about the current situation in Kazakhstan.
July 2022.Enjoy reading!
Please tell us about the situation with mining in Kazakhstan, what has changed since our last interview in July 2021?"Everything has changed dramatically. If earlier everyone globally fled to Kazakhstan a year ago, now many have already fled the country. According to my subjective feelings, we have lost at least half of our hashrate. But the current price, which is not favorable to anyone, is also to blame."
What taxes do miners have to pay? What is the cost of electricity? Are there connection difficulties?"There are difficulties. There is still no final, understandable law and procedure for mining. Hence a lot of ensuing problems, difficulties in obtaining permission for mining, cunning employees of special services who are trying to cash in on miners by any method known to them, owners of areas that have become impudent in the region for mining, which not only raise the price of electricity by 1-2 cents per kW, but also manage to demand a share of the profit in the amount of 20-30%.In fact, now those who can officially beckon are required to pay a little more than 2 cents extra for each kWh consumed in taxes, and the average price is now 5-6 cents Add here 2 cents for tax, in the summer a lot is consumed for cooling, salaries for employees, equipment repairs and downtime, and if you still share the profit with the owner of the site, then you don't pay off in the coming years. We can say that with our approach we killed the happiness that fell on us in the form of visiting miners from all over the world."
What changes have occurred in the work of crypto exchangers? Has the shadow segment remained on the crypto market or is it dangerous now?"The shadow segment, in my opinion, will never disappear in this direction. Where is money found, and especially big money
it will always be there. But in general, this direction is developing, there are a lot of exchangers, crypto arbitrage has grown a lot and people have learned to use international payment systems and banks in this business. A lot of people are now working from Russia in our market. Now, with the strengthening of the ruble, they have become smaller, but in the spring there was a real boom. Every day, 3-4 new people asked me to sell them a crypt. "
10 months ago you invested in a large mining farm CHIA. Do not regret about it?“In theory, I should have lost faith in her and regretted it. After all, I entered this project at a Chia price of $ 200, now it is trading at $ 40. At the same time, my partner let me down, who refused the project, and I had to work alone. This applies to both the technical and financial part. And the costs, as it usually happens, turned out to be much more than I originally expected. But no, I don’t regret it, now I’m even glad that I did it and I have something to be proud of looking at this mining farm. I I am sure that the price of Chia will change so that everything will pay off and my labors will be rewarded."
To make it clear for beginners, tell me how many hard drives do you have and what size is it?"The farm consists of almost 600 hard drives. The main part is 10TB drives, there is also a small amount of 8TB, and the total capacity is over 5500TB."
What is your hashrate, power consumption? What coins are you mining at the same time?"My farm is now 4.9PiB, which is 5.5 petabytes or 0.022% of the entire network, this is in fact a small fraction, there are much larger farms, but these are most likely some kind of huge data centers. But in mining chats I don’t met farms more than mine, most farms are 200-500 terabytes.
Electricity consumption is now about 9000 kWh per month, or about 12.5 kWh. But 30-40% of this is consumed by air conditioning and other auxiliary devices, cameras, control computers, lights, etc.
In the cool season, when there is no need for an air conditioner and there is no plotting, but just farming, the consumption does not exceed 8-9 kWh. If I had bought top ASICs at that time for the same amount, then the electricity consumption would have been 25-30 times higher. Accordingly, in the summer, I would pay for electricity not 400 dollars a month, but more than 10,000."
How many CHIA coins does your farm mine per day? Do you sell coins to pay expenses?"When we all started all the hard drives, the Chia calculator promised us 2 coins every day. In fact, due to the fact that we were mining in solo mode, then
I managed to get more coins. But then difficulties began, constant updates, errors, and we began to lose performance, while the complexity of mining fell, and our profit also fell. It is still not clear what this is connected with and I have not found any clear answer. Maybe that's how random works. But if approximately, then we have been extracting 50 coins in recent months. At the current exchange rate, this is $2,000, and this is not enough to even cover expenses. Rent, electricity, internet and wages are more than the profit of a mining farm. Therefore, the coins are not for sale, all expenses for 11 months I pay from my own funds. At the same time, I try to buy more Chia from the market with large price drawdowns. I plan to sell these speculatively bought coins at a price of 300-400 dollars per Chia and recover some of my expenses, and I plan to sell the farmed coins after the halving or after overcoming the price of 1000 dollars."
What difficulties have you encountered during this time on your mining farm?"There were a lot of difficulties. I can talk about this topic for several hours. I will say briefly, mining on asics and video cards is much easier. Chia farming is the most difficult technical process that I had to understand. Of course, I am not a system administrator, I'm not an IT specialist and I don't have a lot of experience, but the process of launching plotting, maintaining farming is a very specific and time-consuming process, especially if your farm is industrial scale, and not 5-10 hard drives in an apartment on the balcony."
Do you have your own hard drive plotting equipment or do you use other paid services?"Own equipment. The previous owners bought at the Chia HYIP in the spring of 21 in China, then I used it in Kazakhstan. In February of this year, when events began in Ukraine and the price of the ruble fell sharply, I assembled 3 more good and productive plotters, that work without an SSD, they use 512GB of their RAM.
This allowed me to finish the process faster, as we placed three old servers in cabinets and these servers were running disk shelves that were filled with ready-made hard drives. And the remaining servers crashed from a heavy load, all the servers got warm controllers and the servers turned off, somewhere plotting time increased by 2-3 times.
But now, when the difficulties are over, I sell servers in the Russian Federation, the ruble has grown. I plan to spend part of the money on buying Chia, and spend the other part on monthly expenses."
When building your mining farm, did you use ready-made solutions or did you make racks, ventilation, security systems yourself?"There were no ready-made solutions, there were two of my system administrators with whom we consulted and did everything ourselves. It was not easy, but very interesting."
What mistakes did you make when building a mining farm or what would you have done differently 10 months ago?"The only thing I would change is the location. In vain, I took the advice of my partner, who refused to participate in the project, and I rented a huge room with a rent of almost $ 1,000 a month. It would be more correct to build my own container and do everything there. By the way, I am currently engaged in its construction. Now my farm will become mobile, and its location will be known to a very narrow circle of people."
What advice would you give to new CHIA miners?"In no case do not start it now. Better buy coins on the market and hold them until the halving. And if you really want to farm Chia, then with the proceeds from the sale of Chia coins you can buy yourself equipment and start farming, just wait new bottom of Chia after halving. I hope that by then it will be much easier to plot and farm than it is now."
Mining farm. Video.Thanks Apytioh for your time.
I hope you enjoy reading this interview!
Feel free to ask Apytioh questions.
Disclaimer: This article is educational. Do not consider this material as investment advice!
Original:
https://bitcointalksearch.org/topic/--5313734If you find translation errors, please contact me.
. I know it was about stealing electricity but still....
