Large scale mining setup investors | Bitcointalksearch.org

MajidBC

full member

Activity: 182

Merit: 100

KryptKoin is one of the best!!!

Quote from: Polivka GmbH on August 17, 2014, 08:03:21 AM

Quote from: HashFarmer on August 12, 2014, 03:33:58 AM

Quote from: makemyday on August 11, 2014, 12:15:35 PM

Location with hydro power is cheapest you then need supporting assets.

Better still, buy some power plant and manufacture electricity yourself...

Those don't come cheap and have loooooooong ROI times.

I guess he was joking, but if you are interested to generate electricity you can take a look at here:
https://bitcointalksearch.org/topic/how-to-mine-for-free-or-atleast-on-the-cheap-legally-555825

Polivka GmbH

full member

Activity: 135

Merit: 101

Hydromining!

Quote from: HashFarmer on August 12, 2014, 03:33:58 AM

Quote from: makemyday on August 11, 2014, 12:15:35 PM

Location with hydro power is cheapest you then need supporting assets.

Better still, buy some power plant and manufacture electricity yourself...

Those don't come cheap and have loooooooong ROI times.

timk225

hero member

Activity: 955

Merit: 1004

I would like to suggest the idea of finding out where the ASIC manufacturers are and STEALING a bunch of ASICs and using those to mine with. Smash and grab their warehouse.

It would be fair payback to them for all they have stolen with the entire pre-order scam, and mining with the ASICs they make for months before finally sending them to the people who pre-ordered them. Then when the people finally get them the difficulty has risen so high the miners are nearly useless.

l3sny

hero member

Activity: 859

Merit: 1000

Interesting. We are always looking for low costs mining especially with options to buy large quantities of GH/s in reasonable prices and cheap maintenance.

MajidBC

full member

Activity: 182

Merit: 100

KryptKoin is one of the best!!!

Quote from: QuiveringGibbage on August 15, 2014, 07:39:45 PM

Quote from: gadotkach on August 10, 2014, 04:48:40 PM

I would like to know if there are any manufacturers interested in setting up large scale mining operation off-shore. I know this is a broad question - what is the working model in todays date - is it cloud mine leasing only ? have we passed the stage of self mining ?

People still self mine but now you need large scale to be able to make substantial return. The thread "H/w Hosting Directory & Reputation" (https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998) has a few people running mini farms while taking advantage of experienced hosting providers to do the work and have access to industrial power rates.

QG

Don't you guys think that having big mining facilities is against the creation goal of bitcoin?

QuiveringGibbage

hero member

Activity: 617

Merit: 543

http://idontALT.com

Quote from: gadotkach on August 10, 2014, 04:48:40 PM

I would like to know if there are any manufacturers interested in setting up large scale mining operation off-shore. I know this is a broad question - what is the working model in todays date - is it cloud mine leasing only ? have we passed the stage of self mining ?

People still self mine but now you need large scale to be able to make substantial return. The thread "H/w Hosting Directory & Reputation" (https://bitcointalksearch.org/topic/hw-hosting-directory-reputation-622998) has a few people running mini farms while taking advantage of experienced hosting providers to do the work and have access to industrial power rates.

QG

peeveepee

full member

Activity: 211

Merit: 100

Even if electricity is free, I don't think the coin you mine can recover your ASIC miners cost.

HashFarmer

member

Activity: 98

Merit: 10

Quote from: makemyday on August 11, 2014, 12:15:35 PM

Location with hydro power is cheapest you then need supporting assets.

Better still, buy some power plant and manufacture electricity yourself...

makemyday

newbie

Activity: 3

Merit: 0

Location with hydro power is cheapest you then need supporting assets.

Zawamiya

hero member

Activity: 526

Merit: 500

Quote from: gadotkach on August 10, 2014, 04:48:40 PM

I would like to know if there are any manufacturers interested in setting up large scale mining operation off-shore. I know this is a broad question - what is the working model in todays date - is it cloud mine leasing only ? have we passed the stage of self mining ?

How large are you talking about? few million investment?

cloverme

legendary

Activity: 1512

Merit: 1057

SpacePirate.io

Try the project development forum: https://bitcointalk.org/index.php?board=12.0

Mining is still viable, but you need cheap power and a heavy investment footprint to start with. As an example, you need about 67TH/s of hashing rate at this point to make $1000 a day and you would spend about 90k-100k setting that up, minus power.

gadotkach

newbie

Activity: 13

Merit: 0

I would like to know if there are any manufacturers interested in setting up large scale mining operation off-shore. I know this is a broad question - what is the working model in todays date - is it cloud mine leasing only ? have we passed the stage of self mining ?

Topic: Large scale mining setup investors (Read 1891 times)