Topic: [Proposal] Mining Co-Op - page 5. (Read 11341 times)

So, get started with 25x S7? 30 kW. At least we got the structure up and running for future investments!

The problem with this mentality is you are always waiting.  Thinking you will wait for next best, a lot tend to say that and never buy a new miner.

Best price will be if avalon and bitmain compete a little.  And once BW miner is out then it gets very interesting.   

I feel we should wait for something that is more power efficient than the S7. The S7 is hard to ROI!
I would however be interested in buying 2 directly from bitmain in a group buy, and getting it hosted.

The sp50 is pretty much dead in the water.

I have an idea for s-7 owners we could send them as a group to gnd if the minimum is 30kwatts we need 25

S-7's

I could ship 2 s-7's

Yes we are located in Labrador just like GND. We can have hardware delivered to Labrador too. For large scale hardware it's the only way to do it.

Nice idea ATCkit, hope it works out.

Quick side note, SP50's start at 1PH min order. Probably better of aiming at S7's to get started.

Count me in. I've done a ton of research on hosting in the past. GND is the best option I had seen the last time I checked.

As far as adding more "hashing power" to this group buy, i think you guys could team up with the Get Hashing group and be able to get larger numbers of people involved. Get Hashing has been doing what you guys are wanting to do for some time. They're on their 3rd batch now. Only difference is they have their data center in the US. Canada, GND or another CDN doing the same thing, will help to get the cost down further.

In a nutshell, it's all about rig efficiency and lowest cost for hosting. The clear choice at this point appears to be:

- the SP50  (Maybe an even more efficient rig will be available by Q1 2016.)

- hosted at GND.

- Get Hashing groups Proof of Everything and their trusted/known pay out model. (perhaps Armed or someone could talk to cyberdexter, keymaster, daffy or nemesio about this?)

Having said all that, none of us can tumble the numbers until we get a price for the SP50 or whatever may be competitive with it in Q1 2016. However, I like the way you guys are thinking.


EDIT: Here's the Get Hashing forum link: https://forum.gethashing.com/  and
how they're already handling dispersal of batch 1 units as they move into batch 3 can be found here: https://forum.gethashing.com/t/ann-ghx-batch-3-hardware-redemption-round-1/5485

Note: I'm not trying to hi jack this group buy idea. I think that like minded people can work together and make it a win win. Get Hashing already has a lot of trust built up with their Proof of Everything (POE) concept.

EDIT 2: Sorry if i missed this. Looks like allinvain has a new site -Cryptoboreas in Montreal. Great prices too. It simply makes sense that Quebec and NFLD/Labrabor have the lowest costs globally.

The company's that kept 28 NM really did a great job getting more out of it.  Right now BM's S7 they pushed it pretty well.  And if SP50 comes like spec they got even better out of their chip.

I think the ones that kept current NM and perfected it got a head start and easier R/D.   Them going to 14  NM might be good for long term.  But the short term it left them with no miners to sell and a lot longer R/D

I am surprised a 14nm have the same eficency than a 28nm... 0.26w/ghs? really? i ever thought a 14/16nm will be on 0.06w/ghs o 0.08w/ghs and above... up to 0.01w/ghs 
But it will help us to buy cheaper... 

Yeah but after watching how this stuff works (equip/vs difficulty) by the time such units MAY come out it will be Jan/Feb imho and by then bitfury's 100 million buck data hall is up and so is the large sp50 farm with whatever they allow to go outside as bulk spondoolies that is

and of course it will prob be 6k for such rather then 3k for such and you'd be no better off then an S7 now

seems how that always shakes out (and don't forget most times equip is late by at least a month (spondoolies) or 4-5 months (knc) even their private 16nm chip was late 5 months from what i can tell (knc) for their ipo farm

yeah diff is gonna go way way up with all them toys sitting in data halls hitting the world imho

but yeah 3k I'd at least be tempted like the S7 but again in my situation at 13.5c kwh the S7 is pretty to look at but really ..and only a 90 day warranty? If a controller
board breaks you have to RMA all the way back to china? no pay up front and ship and swap the broken component back with rma for credit when it arrives (they'd kill if they did that)

naw too many risks for me even w/o the elec costs....ie again the stuff always seems to arrive months late or on time with issues and my friend this coming year difficulty will wait for NO man ..to pun a famous phrase:

(sits in bleachers eating peanuts watching this asic soap opera)

in that this is the mining co-op thread their MAY be some hope for group buy or such a setup working (to be fair) individually not so much imho.

They might have a market for the 10TH unit at $3000 - no way they'll make any sales if the 5TH or 3Th units are even close to that.

Given the watts/TH are almost the same as the S7, they really need to at LEAST match S7 pricing pretty closely, and given they're comming to market later they really need to beat S7 pricing per TH by a bit.

Well I'm in the USA with a 13.5c usd kwh rate. So the whole question is likely MOOT. With bitfury announcing the 100 million data hall expansion and the sp50's 110TH
units and additional data hall by spondoolies and of course knc expanding its private chip data hall with IPO $$$

well hell them big boys could find themselves with a major diff war and the machines may only last 4-5 months before they supersize difficulty too the moon (if not price..it is btc by thw way it only loves 'sideways')

So best I'm out....too many toys ..too cheap elec around the world..used/new/data halls it is like "Go east young man"

Bitcoin always a drama queen!

Honestly there is no way to know.  A1 dragons originally went for over 3k.  But dropped and dropped.... etc till they are in several hundreds today in many cases.

I don't think it will be near the first A1 dragons price.   But I don't see them playing a big game with bitmain on trying to be cheaper then them.  I suspect a tad cheaper then what ever bitmain is selling at the time.   But they will want profit so no drastic changes from bitmain prices I dont think.

Only company to really force bitmain to drop price in war almost was SP.  And they claimed on some of last sp20's they lost money not sure if true or not. 

Anyone on here have an educated guess on what say the 3TH above would go for? or the 5TH admitedly this would be I suppose by the time we
would see such a unit be Jan or Feb 2016 at my guess

Just curious I'm very bad at the above price guessing game. I'm always low.

I don't know that .07 was offered that is a little more promising then I though.  You were more like this:


I still think magic number to try to get is .05.   I feel data centers are finding better and better places and prices are shrinking.  So I'm hoping around there still.

But I can understand not giving exact numbers as this CO-OP has been pretty slow moving.  I still have hope it will speed up once a new product hits market.

I think I offered 0.07 if you have at least 100kW

Lower rates are possible look over at Mr. Lees thread like one away from this:


He is most likely going to manage .07 well before hashing.  This is greater then any offer I think we have been given.    If we get our ducks in a row I still say electricity price is a huge factor we should focus on.

The big winners will have cheap electricity.   

 Trivial to get in the US - *IF* you live in one of 3 counties in Washington State. Pretty much impossible about anywhere else in the US AFIAK.



 But can the SP50 hit 110TH at 0.15 w/gh? Given Spondoolies record, I'd guess that the 2 figures are mutually exclusive - pick one or the other but not both.
 I'd guess closer to 80TH to hit that 0.15 figure, but 'till actuall hardware hits the field it's hard to tell.

 I suspect the 8.72%/month of the "simulation" might be a bit pessimistic - but I wouldn't bet on much less than 8% (4% per difficulty adjustment appx) for the rest of this year and well into next year. Too many announcements of "new hardware" yet current hardware is still profitable (SP20/30/possibly other Spondoolies and S5s should stay profitable 'till the halfing, though they might just be BARELY so by June 2016).




 Standard residential rate around here *EXCEPT for 3 months in the summer*, I get appx. 0.67 (all charges and tax included) for every KWH past about 1200 per month. There is also a "Time of Day" rate that doesn't save much on that last "step" in the rate, but does cut a noticeable amount from the first 2 steps of the rate.

 A single S5 will go through about 430 KWH a month, so it's NOT hard to get to the top tier of the residential rates here.

 On the other hand, June 16 through September 15 at around 14.2c/KWH (with ALL adjustments AND ToD rate included and NO lower tiers with higher usage) is pretty bad.


 I've not looked at commercial rates around here at all, since I have more power than I can use at home.

LKETC has as long history with it's dragon's (or A1's by technical name).  They have been a big producer in the past.  They partner with Innosilicon on chips.  Only thing is they announced kinda early and now did a reminder.

As far as timeline it's more to do with Innosilicon.  Once they get chips going no doubt LKETC will be partners again.  But when that will be is the question.