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Topic: New 3 x S7 Miner Setup With 0.0066 $ Elect. Rate (Read 1996 times)

legendary
Activity: 1456
Merit: 1000
February 13, 2016, 01:27:39 AM
#32
A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.

Is AC expansive because of initial price or because of the electricity? He has almost free electricity.

I agree with you, evaporative cooling is very effective but lots of CFM, if sufficient, would be my first choice.

Another option would be 2 phases immersion cooling. I've researched deep into this technology and concluded it doesn’t really apply to northern climate like here in Canada. The new 16 nm Bitfury chip and its large overclock ability might make me reconsider using 2PIC.


AC is expensive possibly because of both.   But the ongoing cost's for running it are what keep most from using it.  The miners can just put out a lot of heat and get's expensive.

There is a point that standard AC in most houses were not meant to cool down.  If you had enough miners the standard ac setup would not be enough, rooms normally are not set up with asic cooling in mine.  They are set up thinking about keeping it cool is much easier conditions.  Most normally don't get this point though due to the cost of cooling miners with AC.
member
Activity: 94
Merit: 10
A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.

Is AC expansive because of initial price or because of the electricity? He has almost free electricity.

I agree with you, evaporative cooling is very effective but lots of CFM, if sufficient, would be my first choice.

Another option would be 2 phases immersion cooling. I've researched deep into this technology and concluded it doesn’t really apply to northern climate like here in Canada. The new 16 nm Bitfury chip and its large overclock ability might make me reconsider using 2PIC.
legendary
Activity: 1456
Merit: 1000
A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.

AC is actually the last way you want to cool your farm it's just to expensive.  First is evaporation cooling, but it does not work in all environments.   Next I would say is using CFM's of fans/exhust to move hot air out.

AC no large scale bitcoin mining operation would use.
member
Activity: 94
Merit: 10
A large mining farm would require lots of AC power. It doesn’t take many miners to overpower an AC.
newbie
Activity: 10
Merit: 0
Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.

so if he already has ac and can keep the units cool  he has .66 cent a kwatt power.

add .34 cent for the ac  and he has 1 cent power.



Every building in kuwait has air conditioning so the high temperature is not an issue here .. my antminers temp is under 60 degree all the time and hashing like a beast with AntPool  Cool

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.

so if he already has ac and can keep the units cool  he has .66 cent a kwatt power.

add .34 cent for the ac  and he has 1 cent power.

sr. member
Activity: 638
Merit: 300
Mining in Kuwait could be difficult due to the high temperature there. You need to buy air conditioning for mining.
member
Activity: 94
Merit: 10
Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.

I think it is also part of the environment of the country: https://www.google.com/search?q=Kuwait&ie=utf-8&oe=utf-8#q=Kuwait&tbm=nws

I look up news of countries and see how stable, is news positive, etc.  There are some news I would not want to invest a ton of money on a operation there reading.  And that is just from researching 10 minutes.  Some of the news might make a business look at other places when doing a huge investment on a data center.  We have to remember were talking about the Persian Gulf.

I would definetly not invest there. I was more thinking about people living in that area of the world. Almost free electricity is attractive !
legendary
Activity: 1456
Merit: 1000
Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.

I think it is also part of the environment of the country: https://www.google.com/search?q=Kuwait&ie=utf-8&oe=utf-8#q=Kuwait&tbm=nws

I look up news of countries and see how stable, is news positive, etc.  There are some news I would not want to invest a ton of money on a operation there reading.  And that is just from researching 10 minutes.  Some of the news might make a business look at other places when doing a huge investment on a data center.  We have to remember were talking about the Persian Gulf.
newbie
Activity: 1
Merit: 0
Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

Because very very few know what is bitcoin in Kuwait.
legendary
Activity: 1498
Merit: 1030
Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.

 Can you say "HOT"?

 Also, Kuwait is a pretty small and very low population country.
legendary
Activity: 1456
Merit: 1000
Yeah that electricity is too good to be true.

Bad thing is even ifyou got it for free you won't get ROI on your miners. The difficulty is just too high.

Just look at https://bitcoinwisdom.com/bitcoin/difficulty

Estimated Next Difficulty:   174,437,386,800 (+21.04%)

And remember we were at 65M in november (just 3 months ago).

This is pretty much nonsense as  a power rate of zero has a decent chance of getting roi.

You are basing his chances on a 90 day span with a really high growth rate.

sept 2014 to sept 2015 = more the 360 days and the network 2x
oct 2015 to jan 2016 = 90 days and the network 3x

So if we go back to the slower rate he will do okay.
Short term next 90 days we could do 3x again after that we will slow or die

However your statement would be true at a higher rate for power.  10 cents is pretty bad to roi.

he will spend about 4300 watts this is 4.3 x 24 = 100 kwatts a day that is 66 cents a day. 20 usd a month.  Growth will slow again.  I would think he will make a profit.

It all depends on growth and btc value. Both of these are to hard to speculate right now. I think growth is going to be high with new miners, I do hope it drops though I would find 5-10 more sustainable.  I just don't see 20 percent being sustainable, but could be wrong.

Also value I think a lot of new operations are dumping coins to pay for new gear in fiat.  Just  a feeling I have no real proof of it.   If btc gets a big jump in value it's going to change all the numbers better for miners.
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
Yeah that electricity is too good to be true.

Bad thing is even ifyou got it for free you won't get ROI on your miners. The difficulty is just too high.

Just look at https://bitcoinwisdom.com/bitcoin/difficulty

Estimated Next Difficulty:   174,437,386,800 (+21.04%)

And remember we were at 65M in november (just 3 months ago).

This is pretty much nonsense as  a power rate of zero has a decent chance of getting roi.

You are basing his chances on a 90 day span with a really high growth rate.

sept 2014 to sept 2015 = more the 360 days and the network 2x
oct 2015 to jan 2016 = 90 days and the network 3x

So if we go back to the slower rate he will do okay.
Short term next 90 days we could do 3x again after that we will slow or die

However your statement would be true at a higher rate for power.  10 cents is pretty bad to roi.

he will spend about 4300 watts this is 4.3 x 24 = 100 kwatts a day that is 66 cents a day. 20 usd a month.  Growth will slow again.  I would think he will make a profit.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
Yeah that electricity is too good to be true.

Bad thing is even ifyou got it for free you won't get ROI on your miners. The difficulty is just too high.

Just look at https://bitcoinwisdom.com/bitcoin/difficulty

Estimated Next Difficulty:   174,437,386,800 (+21.04%)

And remember we were at 65M in november (just 3 months ago).
member
Activity: 94
Merit: 10
Amazing price!

I wonder why we hear so little about big farms in your country. As I said before look into used miners. You would get much  more hash power for the same price. Efficacity is irelevent with this rate.
member
Activity: 71
Merit: 10
As I am thoroughfully watching oil related news I came across this article. As Kuwait badly depends on oil price it's government budget is in deep trouble so they are considering removing subsidies. You should possibly calculate this into your plan.

"the government wants to raise electricity charges from 2 Kuwaiti fils per kilowatt currently to 5 fils per KW for the first 3,000 KW; 10 fils for between 3,000 and 6,000KW and 15 fils for consumption above 6,000 KW. "

http://www.arabianoilandgas.com/article-15246-kuwait-reviews-bid-to-slash-fuel-subsidies/


Even after 10 times increase, the price is just $0.066/kWh. It is cheaper than most places in the world.
sr. member
Activity: 291
Merit: 250
As I am thoroughfully watching oil related news I came across this article. As Kuwait badly depends on oil price it's government budget is in deep trouble so they are considering removing subsidies. You should possibly calculate this into your plan.

"the government wants to raise electricity charges from 2 Kuwaiti fils per kilowatt currently to 5 fils per KW for the first 3,000 KW; 10 fils for between 3,000 and 6,000KW and 15 fils for consumption above 6,000 KW. "

http://www.arabianoilandgas.com/article-15246-kuwait-reviews-bid-to-slash-fuel-subsidies/



legendary
Activity: 1498
Merit: 1030

the power grid is very stable and kuwait is one of the safest countries in the world Smiley

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 Possibly since Saddam Hussain was taken out of the picture, definitely not before that.

legendary
Activity: 1456
Merit: 1000

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait Smiley


Just to check can you please give your electrical rate in fils per kWh.  

Update - I see it really is that price. I'm amazed.

its 2 fils/kwh

You have a great price that is for sure.  I have not heard of many miners in Kuwait, and love to learn more about different countries.

How stable is your power grid with a price that low? Also how is security is it safe to run a decent operation.

And best of luck with your operation.


the power grid is very stable and kuwait is one of the safest countries in the world Smiley



Very cool learning about other operations in different countries is something I really enjoy anymore.  It's neat to see it in so many different countries and so many different environments.

It sounds like you will have a heck of a operation with that low of electricity.   Thanks for sharing!
newbie
Activity: 10
Merit: 0

YES i`m sure about the ZEROS its 0.0066 the Electricity Rate here in Kuwait Smiley


Just to check can you please give your electrical rate in fils per kWh.  

Update - I see it really is that price. I'm amazed.

its 2 fils/kwh

You have a great price that is for sure.  I have not heard of many miners in Kuwait, and love to learn more about different countries.

How stable is your power grid with a price that low? Also how is security is it safe to run a decent operation.

And best of luck with your operation.


the power grid is very stable and kuwait is one of the safest countries in the world Smiley

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