If any of you guys are actually serious about wanting to sell your S3's, S5's, SP20's and they won't talk to you, shoot me a PM. Bonus if you live if the northwest where I can pick them up. If not we will need to use some reputable escrow here and the shipping is going to cut into what I can pay. I'm busy so don't take offense if I do not respond immediately. Scammers don't waste your time.
Topic: MegaBigPower Opens Buyback for Unprofitable Bitcoin Miners (Read 5055 times)
Sent an offer a couple days ago and have heard nothing back yet either. I was offering S3s S4s and Sp20s. I will update this if they do get back sometime this week.
Somebody should send a request saying they want to get rid of an S5 or an SP20, see if they reply.
I fished a quote for SP10,20,30's and S3 & S5's. Will let you all know IF they make an offer.
11 Days and nothing but crickets.. (edit 22/03/15)
Somebody should send a request saying they want to get rid of an S5 or an SP20, see if they reply.
My guess is that unless you have very recent equipment such as the latest models from Spondoolies or Bitmain then they aren't interested.
This is all that I can think of. They should still message back though just because it is the right thing to do. My guess is also that they do not have enough staff to answer everyone. I think they said they were only interested in the S3 and the SP20. I may be wrong though. 
My guess is that unless you have very recent equipment such as the latest models from Spondoolies or Bitmain then they aren't interested.
Sent out a request today, I'll report back if/when I hear from them.
I did it on the 4th and have not heard anything. It is not a big deal to me. Just did it out of curiosity more than anything.
FWIW, I've sent in a request for a quote on 1.5THs of Bitfury rigs that Dave originally sold me, and have not yet received a response as well.
Did this on the first day of the program being announced.
Perhaps they don't want them ? *shrugs*
Did this on the first day of the program being announced.
Perhaps they don't want them ? *shrugs*
Actually I have tried to contact them for a couple of different things, not just selling miners to them. I was simply posting my experience with them. I certainly didn't email them and send a PM and expect am immediate response, but I do expect a company that runs well to respond to customers.
I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
Maybe they are a business and don't work on weekends.
I appreciate the comment, hope you feel better.
I sent e-mails about 10 days ago and again about 5 days ago. I also sent a PM about 10 days ago. I believe it was prior to this thread being started.
I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
Maybe they are a business and don't work on weekends.
I appreciate the comment, hope you feel better.
I sent e-mails about 10 days ago and again about 5 days ago. I also sent a PM about 10 days ago. I believe it was prior to this thread being started.
Thank you, I was feeling fine so no need to feel better
Glad we cleared that up, maybe if you had mentioned how long you had been waiting in your first post I wouldn't have bothered
Peace
I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
Maybe they are a business and don't work on weekends.
I appreciate the comment, hope you feel better.
I sent e-mails about 10 days ago and again about 5 days ago. I also sent a PM about 10 days ago. I believe it was prior to this thread being started.
I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
Maybe they are a business and don't work on weekends.
I have tried to contact MBP through their website and also by PM here on the forums... It seems they are to busy to answer questions or respond to inquiries so I am going elsewhere... I can see doing business with a company that doesn't respond.
You are correct and I sure wouldn't want to live there
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
Then clearly moose hunting is not a priority for you. I'd move there if it didn't mean divorce
.Great place to live.
Great place to put miners.
Sounds to be like Canada's the place to be if you're into the three M's: Moose, muskie and mining.
You are correct and I sure wouldn't want to live there
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
Then clearly moose hunting is not a priority for you. I'd move there if it didn't mean divorce
.Great place to live.
Great place to put miners.
You are correct and I sure wouldn't want to live there
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
Then clearly moose hunting is not a priority for you. I'd move there if it didn't mean divorce
. 
Hype or not, it's fairly accurate. Spondoolies has always mentioned in the past that their margins were not great. In addition to ASICs, each board in the SP20 contains 16 VRM phases (twice as many as an S1) compared to the S5's zero VRMs. The controller was designed entirely in-house instead of leveraging an off-the-shelf devboard. By a pure components count I bet the SP20 is over the S5 by a full order of magnitude. The PCB very likely contains quite a bit more copper as well, given the current density required for their ASIC topology. That they sold SP20s at the same price point as an S5, I'd believe the last of the machines they actually took a loss on.
I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.
Anyway, MBP's miner buyback.
Remember, none of these companies are out there to support miners.
I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.
Anyway, MBP's miner buyback.
yeah once they were selling them at 500 with shipping included they were not profiting .
Hype or not, it's fairly accurate. Spondoolies has always mentioned in the past that their margins were not great. In addition to ASICs, each board in the SP20 contains 16 VRM phases (twice as many as an S1) compared to the S5's zero VRMs. The controller was designed entirely in-house instead of leveraging an off-the-shelf devboard. By a pure components count I bet the SP20 is over the S5 by a full order of magnitude. The PCB very likely contains quite a bit more copper as well, given the current density required for their ASIC topology. That they sold SP20s at the same price point as an S5, I'd believe the last of the machines they actually took a loss on.
I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.
Anyway, MBP's miner buyback.
Remember, none of these companies are out there to support miners.
I'm going to try as hard as I can to make a solid miner design in the next several months, and if I can do what I want to do you'll eat those words.
Anyway, MBP's miner buyback.
Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.
Spondoolies has been valiant enough to support the market with reasonably small margins. Their concentration is on quality above all else, including their own profit margins. If you can hold an S5 board and SP20 board in your hands, you'll work out for yourself which one is most expensive to make.
All aboard the spondoolies hype train!
Remember, none of these companies are out there to support miners. They are here to take as much money as possible from you.
Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.
Spondoolies has been valiant enough to support the market with reasonably small margins. Their concentration is on quality above all else, including their own profit margins. If you can hold an S5 board and SP20 board in your hands, you'll work out for yourself which one is most expensive to make.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
"Newfoundland was a province of Canada from 1949 to 2001, now known as Newfoundland and Labrador."
Spoondoolies has enough margin that they can do decent discounts on volume, for ex. Ditto fo the other manufacturers.
MBP can simply pass some or all of the discount as whatever they want like, say, old equipment buyback. I also doubt they will bother with powering them up (maybe some for personnal use, or target a specific range of equipment and scrap the rest).
They might want to clear the second hand market of old equipment, but I think it would be futile. Power consumption decrease and harshrate increase for new equipment already do a good job of pushing old hardware to the scrap heap (you can still warm up your with them house though). There is a point where running a farm with old equipment is getting more expensive than running a farm with new equipment (even if you got the old miners for next to free and ditto for KWh). You still have to build the farm an maintain it, and that's not free.
MBP can simply pass some or all of the discount as whatever they want like, say, old equipment buyback. I also doubt they will bother with powering them up (maybe some for personnal use, or target a specific range of equipment and scrap the rest).
They might want to clear the second hand market of old equipment, but I think it would be futile. Power consumption decrease and harshrate increase for new equipment already do a good job of pushing old hardware to the scrap heap (you can still warm up your with them house though). There is a point where running a farm with old equipment is getting more expensive than running a farm with new equipment (even if you got the old miners for next to free and ditto for KWh). You still have to build the farm an maintain it, and that's not free.
if am not mistaken they try to build a big mining site on the North of Sweden and the power they have is from Hydro so its super cheep.As big customers maybe they have better rates due to quantity but i really dont believe they will offer ebay prices.They rather go and deal directly with Bitmain or SPondoolies
I think they better publish the prices and models they will accept.
posting a request like sent me what you have and I will let you know if we are interested is seems
they are under exploration of the market.
My opinion Jupiters S4 S3 S5 and Spondoolies are the most trusted used equipment for low electricity.
I think they better publish the prices and models they will accept.
posting a request like sent me what you have and I will let you know if we are interested is seems
they are under exploration of the market.
My opinion Jupiters S4 S3 S5 and Spondoolies are the most trusted used equipment for low electricity.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
I'd hate to correct a Canadian, but I think it is really
La culture, c'est comme la confiture. Moins on en a, plus on l'étale!
The name of province is what is disputed. He has been corrected.
ditto
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
I'd hate to correct a Canadian, but I think it is really called Newfoun'land.
La culture, c'est comme la confiture. Moins on en a, plus on l'étale!
The name of province is what I disputed and it is typical that Canadians call the province Newfoundland not just Labrador. As he said he was indicating the difference as people might recognize that is in fact where most of the power is generated and is cheaper than on Nfld. They are both parts of one province not a big deal just odd to hear Labrador mentioned as a province.
Back on his thoughts...
Ya I bet the rates are cheaper in Labrador lots of hydro projects up there.
The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,074 MW and have the ability to provide 16.7 TWh of electricity per year.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
I'd hate to correct a Canadian, but I think it is really called Newfoun'land.
La culture, c'est comme la confiture. Moins on en a, plus on l'étale!
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
Actually, thanks for that question. Canadian here!
I made a mistake when I wrote that (Labrador itself isn't a province), but I meant Labrador the region in particular, as Newfoundland doesn't have the same electricity rates. IIRC St John's charges over $0.10/kwh. Labrador has much better access to cheap hydro power than its island counterpart.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
Kuwait is indeed the place to go. Apart from the nice climate the electricity rates are awesome:I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
http://www.mew.gov.kw/en/?com=content&id=93&act=view
So if you have connections that enable you to become a "supported industrial company", you end up
with 0.0033 $/KWh. (Note that one Dinar is 1000 fils, not 100
)You should probably double your planned consumption in order to keep your gear cool in the 120 deg
desert, but still it sounds like a good plan. (Is there a way to cool miners using fresh water flowing
through heat sinks and being dumped right after? If you check the fresh water rates, that looks
tempting, too..)
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
It is technically Newfoundland and Labrador, rarely do Canadians call Labrador a province they do say Newfoundland though.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
3 cents a kwatt and a downvolt of an s-3 to .65 watts per gh vs .79 watts a gh and 1ph of them make serious money.
1th would make a 2.37 usd profit a day
1ph would make a 2370 usd profit a day
so with a 1ph would be 2400 s-3's at 50 bucks each maybe at 40 bucks each. so 100 to 120k for 1ph
now in s-5's cost would be say 300 each factory direct for 900 cost 270k
so I am thinking they wrote a software for easy volt and clock of s-3's .
the savings on s-3's over s-5's or sp20e's per ph of hash is huge. they have an interest in getting as many s-3s as they can get. A guy like me at 10 cents winter or 16 cents summer an s-3 is worth zip.
This is why growth is still slow but if some comes out really good like .2watts we may see more growth.
Huh, the Canadian province of Labrador has about those electricity prices. For big customers they go down to almost $0.02/kwh on the nose.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
I heard kuwait has power that is $0.01/kwh. And venezuela goes down to $0.0063/kwh (if you use the actual exchange rate). I've got a feeling the latter two countries might be difficult to set up datacenters in, though. Heh.
.23 cents per kwh? really?? as in less than a quarter of a penny per kwh? can that even be true?
it's not. It's $0.023 per kWh. Closer to 3 cents with taxes & other charges.
Could they be near an old nuclear reactor power station? I think rates are low near Three Mile Island and others. I recall on LI the Shoreham reactor saw very low rates in the immediate area but any meltdown threatened a very wide area - so the low rates were to influence locals not to compensate for threat - sorry, I get carried away....
unlikely. most of it is in washington, powered by hydro dams.
nuclear power is generally built close to the cities it will power. hydro dams are often located a distance from any major populations due to the steep terrain and large rivers/streams they need to create power. Its reasonably common for the cheapest electrical rates (and thus datacenters) to be found near these facilities in otherwise largely-undeveloped areas
Actually mining rigs investment will be the same as bitcoin, buy low and sell high, now it is a good time to buy. A large scale of hash rate increase will not happen due to highly concentrated production and low profit of mining farms. If chip makers make alliance like OPEC to limit the chip production, then mining cost will rise quickly for retail customer
A mining OPEC would have said that was highly unlikely only a year ago but with many firms going bust and the chips getting more advanced and needed to book fabrication time to scale these units, a chip monopoly could become a real thing at a certain point in time.
The centralization of mining farms and factors such as price are leading towards that conclusion at least until the price makes it economic enough to decentralize and have new entrants join not part of that OPEC mining cartel.
Actually mining rigs investment will be the same as bitcoin, buy low and sell high, now it is a good time to buy. A large scale of hash rate increase will not happen due to highly concentrated production and low profit of mining farms. If chip makers make alliance like OPEC to limit the chip production, then mining cost will rise quickly for retail customer
I don't know why anybody is surprised here.
They are buying relatively new hardware such as the S3 and if they only pay 0.02kwh then it worthwhile for them. I got ROI in 40 days with my S3+ that I paid $75 with 0.00kwh electricity. So for them probably paying similar amounts they will ROI within 2 months or so.
After a few months they can always liquidate the hardware on eBay.
The problem is how much are they willing to pay. Most likely not much. I am guessing $50 per S3.
They are buying relatively new hardware such as the S3 and if they only pay 0.02kwh then it worthwhile for them. I got ROI in 40 days with my S3+ that I paid $75 with 0.00kwh electricity. So for them probably paying similar amounts they will ROI within 2 months or so.
After a few months they can always liquidate the hardware on eBay.
The problem is how much are they willing to pay. Most likely not much. I am guessing $50 per S3.
I guess theyll be getting really cheap electricity. I have the same thing going on right now, at 0.03$/kwh its profitable for me to mine with almost any miners : )
This would also serve to push down global hashrate in the short term. If MBP picks up 15PH/s for a song from people who are operating at breakeven right now, not only do they get a unit (say an S3) that they can run profitably, but during the move they're keeping difficulty increases in check.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
There's just no decent hardware available in the marketplace. Manufacturers slowed down due to depressed btc price. Bitfury announcement doesn't mean a mining product is about to be ready to ship to an end user next week. In fact I think it will be a while before any products ship with latest BF chip. They will mine the shit out of it with first batches of their own chips...It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
This project won't be without delays too, I would assume. If they are looking at getting offers now I'd expect it could be a month or more before any significant volume is decommissioned, shipped, installed and running.
That matches up with what I've heard. MBP were important in the early days of 'super farms' and make some money investing big in Bitfury hardware, but past that there is nothing special there.
This would also serve to push down global hashrate in the short term. If MBP picks up 15PH/s for a song from people who are operating at breakeven right now, not only do they get a unit (say an S3) that they can run profitably, but during the move they're keeping difficulty increases in check.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
There's just no decent hardware available in the marketplace. Manufacturers slowed down due to depressed btc price. Bitfury announcement doesn't mean a mining product is about to be ready to ship to an end user next week. In fact I think it will be a while before any products ship with latest BF chip. They will mine the shit out of it with first batches of their own chips...It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
This project won't be without delays too, I would assume. If they are looking at getting offers now I'd expect it could be a month or more before any significant volume is decommissioned, shipped, installed and running.
This would also serve to push down global hashrate in the short term. If MBP picks up 15PH/s for a song from people who are operating at breakeven right now, not only do they get a unit (say an S3) that they can run profitably, but during the move they're keeping difficulty increases in check.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
There's just no decent hardware available in the marketplace. Manufacturers slowed down due to depressed btc price. Bitfury announcement doesn't mean a mining product is about to be ready to ship to an end user next week. In fact I think it will be a while before any products ship with latest BF chip. They will mine the shit out of it with first batches of their own chips...It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
This project won't be without delays too, I would assume. If they are looking at getting offers now I'd expect it could be a month or more before any significant volume is decommissioned, shipped, installed and running.
This would also serve to push down global hashrate in the short term. If MBP picks up 15PH/s for a song from people who are operating at breakeven right now, not only do they get a unit (say an S3) that they can run profitably, but during the move they're keeping difficulty increases in check.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
There's just no decent hardware available in the marketplace. Manufacturers slowed down due to depressed btc price. Bitfury announcement doesn't mean a mining product is about to be ready to ship to an end user next week. In fact I think it will be a while before any products ship with latest BF chip. They will mine the shit out of it with first batches of their own chips... It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
And that new hardware is pretty darn impressive! http://www.coindesk.com/bitfury-launches-new-28nm-bitcoin-mining-asic/
That would be sweet if they took S1's I would love to clean out my garage.
This would also serve to push down global hashrate in the short term. If MBP picks up 15PH/s for a song from people who are operating at breakeven right now, not only do they get a unit (say an S3) that they can run profitably, but during the move they're keeping difficulty increases in check.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
It is interesting that they would bother with this though. I would have thought they would be extremely busy getting ready to integrate new Bitfury product into their mines as it is released.
s-3's are about 40-50ph. Worldwide.
At 3 cents you make good money with them.
they can go down to .65watts a gh.
At 3 cents you make good money with them.
they can go down to .65watts a gh.
Can anyone explain how this could be profitable to them?
Cheap power costs and under clocking. They may also be looking to stock pile capacity in case the price goes back up. Buying hashing power is kind of like buying a BTC futures contract w/o buying BTC directly which would push the price up in the process.
hmm i have an unused gridseed miner
.23 cents per kwh? really?? as in less than a quarter of a penny per kwh? can that even be true?
it's not. It's $0.023 per kWh. Closer to 3 cents with taxes & other charges.
Could they be near an old nuclear reactor power station? I think rates are low near Three Mile Island and others. I recall on LI the Shoreham reactor saw very low rates in the immediate area but any meltdown threatened a very wide area - so the low rates were to influence locals not to compensate for threat - sorry, I get carried away....
I bet the buy for $ per pound and get the scrap. They won't be plugging in anything. Seriously when / if BTC goes 1000$ again where are you going to get miners?
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
This is what I was alluding to.
I bet the buy for $ per pound and get the scrap. They won't be plugging in anything. Seriously when / if BTC goes 1000$ again where are you going to get miners?
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
At $1000 - everywhere. It becomes extremely profitable to produce again and you'll see all sorts of companies pop up producing OEM style machines.
It seems like they will buy only certain miners though so...why would they scrap S3's? I am guessing they just want a bunch of gear for under market prices to cash in. I noticed they do not want all the crap gear (BFL, AM, FailFast, etc...). I think it is a pretty smart move, but also a little strange if Bitfury is so close to having that new chip ready?
http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
Interesting move... dry up the resale market and lower the hash rate?
Make cloud mining the only option?
Compete with the Chinese?
They already compete. They more than compete. They just had no need to supplement or offset production / mining costs at least until now maybe. Those companies engaged in cloud mining and miner production are likely trying very hard to make back the loss of BTC value.
Possibly they are looking more at cloud mining as Spondoolies has as well mentioned it. Who knows the real motives behind this but suffice to say they want to clean up the playground toys and put them away in box. Why? Look at what Singapore does with old cars? THERE ARE NONE. Unless you want to Pay & Pay to keep an antique. Taxes are extremely high on new cars. You can't buy a cheap used car and you must have a Certificate of Entitlement (COE) because of the Vehicle Quota System. As there are fewer and fewer ASIC suppliers the competition will increase. I submit that Bitfury is likely buying up used equipment like Spondoolies gave rebates if you had previously purchased and could prove you bought from another vendor. Why? Good publicity and good will. Many a miner will just jump at the chance to offload old crap. Cash for Clunkers. They could also spin it as A GOING GREEN move see how many electricity guzzling inefficient BFL Monarch we got offline.
http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
Interesting move... dry up the resale market and lower the hash rate?
Make cloud mining the only option?
Compete with the Chinese?
I bet the buy for $ per pound and get the scrap. They won't be plugging in anything. Seriously when / if BTC goes 1000$ again where are you going to get miners?
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Like I said,I think you hit the nail on the head,Bick!!
I bet the buy for $ per pound and get the scrap. They won't be plugging in anything. Seriously when / if BTC goes 1000$ again where are you going to get miners?
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Making sure there is nothing left on the market is a good way to make sure there is less competition. Given that there will be few miners out there then they could also sell off their own older generation miners to consumers as they phase in new generation Bitfury.
So you will be left with few if any cheap options. You have to get either cloud-mining or used equipment from their farms potentially.
Maybe 2-3 cents, but nothing lower in the USA. I would guess they have a deal where delivery is heavily discounted and they are paying for raw power + some small % (consumption based). I think some of the cheapest power in the world is still 2 cents delivered.
.23 cents per kwh? really?? as in less than a quarter of a penny per kwh? can that even be true?
it's not. It's $0.023 per kWh. Closer to 3 cents with taxes & other charges.
a significant discount as an energy-intensive enterprise.
Can anyone explain how this could be profitable to them?
they are located in central Washington where they pay 0.23 cents per KWH, they can run a lot of inefficient miners and still profit due to cheaper power then the rest of yall got.pretty simple.
.23 cents per kwh? really?? as in less than a quarter of a penny per kwh? can that even be true?
Can anyone explain how this could be profitable to them?
Your guess is as good as mine
Unless they really can dry up the market or find people who don't know much an sell them units
“Due to our extremely low power cost, we can still return funds to miners who may have gotten in just before the market fell.
But guess they are going with power costs
I wonder if I can interest them in a Black Arrow X-3 pre-order it's guaranteed to be unprofitable. The best part is it ships next week so they can expect new and unused hardware.
Yeah,& those preorded BFL 700gh'ers are unprofitable too
Best of luck to you notbatman
I wonder if I can interest them in a Black Arrow X-3 pre-order it's guaranteed to be unprofitable. The best part is it ships next week so they can expect new and unused hardware.
Will be interesting to see what prices are.
I'm expecting garbage to be honest. There is a lot more labour babysitting a mishmash of elderly gear which is going to have to be paid somehow.
Will be interesting to see what prices are.
Can anyone explain how this could be profitable to them?
they are located in central Washington where they pay 0.23 cents per KWH, they can run a lot of inefficient miners and still profit due to cheaper power then the rest of yall got.pretty simple.
That, and they may have wind of privy info of a major rate exchange increase coming down the pike, thus jockeying for position to amass some miners for a farm, taking advantage of those possessing miners that don't see the light at the end of the tunnel.
Can anyone explain how this could be profitable to them?
they are located in central Washington where they pay 0.23 cents per KWH, they can run a lot of inefficient miners and still profit due to cheaper power then the rest of yall got.pretty simple.
Me thinks Bick is on to something...again
Can anyone explain how this could be profitable to them?
Maybe they will tinker with the buybacked miners plus they already mentioned that they have an extremely low power cost, this may sound profitable in the long run.
Maybe they're mining out of their parent's house with "free" electricity
Can anyone explain how this could be profitable to them?
http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
Interesting move... dry up the resale market and lower the hash rate?
Make cloud mining the only option?
http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
We will see. Just sent them a request for my S3's.
http://www.coindesk.com/megabigpower-buyback-program-bitcoin-miners/
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
I haven't tried their service yet so I don't know what they are offering for SP and Bitmain hardware... but this may be better than selling on amazon or ebay
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