Topic: Mining in UAE at max $0.0299/kWh - Nuclear + Solar (Read 280 times)

Yes, the pricing you find on DEWA website is correct. However, "special entities" always secure a better electricity price depending on the license, etc. Would be happy to explain in more detail if interested, but this is more confidential information.

Hello!

Looks very interesting, will reach out shortly!

We are normally looking at Beeminer Hive setup but are always open for new products. We even thought about the custom cooling setup for 40ft containers.

Depending on the investment size by some investors, we are also looking at warehouse construction instead of containers since they need custom infrastructure. Thanks!

Hello Donny (and community),

I read your very interesting post, particularly the part about your electricity rate - $0.02pp per kWh. I took a look at the tarrifs levied by DEWA (https://www.dewa.gov.ae/en/consumer/billing/slab-tariff) which has the upper industrial rate per kWH, ie over 10001 kWh per month, set at 38 fils (10.3 us cents) and their policy seems to suggest that the more electricity you use, the more you get charged. I quote:

"The current tariff intended to promote efficient consumption of electricity and water at a time it is increasingly needed, equally in the conservation and preservation of our precious resources. To know more on our conservation programs, initiatives and related conservation tips, please visit our conservation tips"

I know that the Barakah nuclear plant has one of it's 4 reactors on line, but it's connected to the grid so I doubt that 'your' electricity comes from that source alone.

Can you provide some clarity?

It's probably not, I know many people in UAE, none of them is hardly named Donny , jokes aside, with all honesty, I believe this is nothing but a scam attempt, I can't tell you how I arrived at this conclusion (for security purposes but being in this mess long enough, I have good reasons to believe that this guy is not legit at all).

With that said, if you are interested in "investing" with him, please don't unless you are in Dubai and have seen the facilities and gears, that will at least reduce your chances of getting scammed.

Maybe you missed it, but.... Just a few messages earlier!

DonnyDubai, congrats for mining in the very hot UAE.

Could you let us know how do you cool your mining farms, that would be very interesting.

Thanks

Yeah and crap shows like the one from HBO. This video I found quite entertaining, and dissects that movie:
HBOs Chernobyl: BUSTED!

You're right on this one




When people hear the word "nuclear" first thing that comes to mind is "chernobyl".This is partially the goverments fault for not providing sufficient educational material about nuclear energy to the mass public instead they just freak out and evacuate millions of people when a disaster happens.

This is a little off-topic, but I find it interesting how nuclear is put into the same bucket as oil and coal, as non-renewable energy source, while it emits very little CO₂.
It bears some risk, of course, but it's much better than burning tons of stuff. Its carbon footprint is relatively close to renewables, as I found on this page for example:
https://timeforchange.org/co2-emission-of-electricity-from-nuclear-power-stations/

we have smaller scale solar arrays. we have a 110kwatt a 45kwatt and are trying to set up a 500 kwatt array

So you are in a different country different incentives different rules etc.  But you appear to have solid funding and some ability to run mines as of right now. My suggestion is make 5% to 10% solar as a  priority. Mostly to show you are willing to be green.  It allows you into a second set of investors. The ones that are attracted to green clean mining.

Even as I type out this post the  110+45 = 155 kwatt arrays are only 1/3 of our mining the other 2/3 thirds are done with oil/coal/gas.

But we always push the solar as the green alternative. It has attracted some investment money and if we build the .5 mw array it would bring us to about 55% solar vs 33% solar.

If you stay all nuke some will feel you are not green and or progressive for the worlds power problems.

Their thoughts would be "you got a fucking big ass desert and you don't do solar" just nuclear .

You can counter it by having both options and if the people are 'green' mined you can 'give' them the solar site to use. not the nuclear.

It allows you to pivot either way .  And if the solar ends up being a less profitable method you are only in it at 5-10%

If you get more green money expand it to 10-15%

fees are a different matter 15-20% is pretty high.
The initial setup for a mine for a customer can be 15%-20%  but the running of the mine once setup need to be in the 5-10% range.

I e you build a 1,000,000 farm for me your cost . charge me 1,200,000 this = certain profit of 200,000 upfront

then you run it. it earns 10 coins profit your fee to run it = 1 coin

the  profit is a coin

so this is a profit on running it , but price is less certain since coins go up and down

Yeah in the northern hemisphere mining totally makes sense.

For UAE we have cooled shipping containers and immersion cooling. It's hot and sand everywhere, thus this is how we protect machines. And the electricity price we get is really attractive, plus we are now looking into larger mining farms that can be up to 500MW projects.

I have always thought minning is usually done in the north hemisphere where temperatures are often low so you dont have to spend money on cooling,and as far as i know UAE i susually pretty hot especially during the summer so how does this work exactly ?

See this .

$0.0299/kWh is really good tbh,its almost 4 times cheaper than the average in the us and china which is about 10 cents per kwh, (althought you can probably get a deal with a  company for way less but still)

Hello, community!

I was looking for a dedicated subforum for "investments in mining" to learn more about different opportunities, setup, costs, etc. More from the business and investment perspective.

My questions would be the following regarding the investment structure:

1. Anyone has the experience and could share some education/business case-study on using solar for BTC mining? Is it worth considering infrastructure costs? Right now we could consider 65% nuclear, 35% solar.
2. What electricity cost do you normally have in other mining-friendly locations around the world?
3. What is the mining operation management fee you normally see in the market? 15-20% if everything is taken care of (machine purchase, setup, immersion, pools, etc.?


At the moment, mining operations we have in the UAE at a very competitive electricity price of $0.0299/kWh (in a few farms we can get even cheaper), now two farms with 9.5MW and 20MW (bigger farms are upcoming soon). So far it's nuclear power, but we are also looking into a concept with "nuclear + solar" since we have around 11 hours of daylight.

Also, we are open for new investors with an entry ticket of a minimum of $500k USD. We have Bitmain Antminers available immediately. Would you be interested - reach out to me by email [email protected] or Telegram @Estatidxb

Many thanks and greetings from Dubai!