Topic: [Proposal] Mining Co-Op - page 7. (Read 11341 times)

I got a funny feeling the MOQ will not be 1 unit

Got a reply from SP!


Looks like we're going to have to play the waiting game, guys.

There are so many factors. I don't want to over promise and under deliver. Rates are going to continue to drop for the foreseeable future, but what I've posted in this thread is the best we can do right now. The answer could very well be different in a few months.

There are at least two copanies on here that sell pre-done containers.  They seem very high to me and I don't think they will make sense for most.  If you are dragging the entire thing from place to place..... i guess so but chances are once you sit it you will not be moving it again.

GND seems to be watching which is actually nice to know a data center is looking at thread.   GND I know you have talked about prices likely to go down again sometime in future (I believe).   If there was a big group buy of hardware sent to you could you do as far as lowest price that is your next drop?  And when would you expect it to happen?

It would be nice, but we'll never ROI that investment!

Would be nice to get a couple SP50's running in a beast like this:

http://www.grcooling.com/containerized-carnotjet-data-center/

I've sent a follow-up email asking for details and expressing again our interest in buying their units. I mentioned this thread too, maybe they'll do it for the PR--supporting our community effort looks good. I'm hoping for a non-form letter response this time.

I haven't hear back yet, but my fingers are crossed.

Armed, any update from spondoolie ?

Awesome. The more the merrier!

Yes

GND has a decent price. For comparison, I work at 2MW datacenter. The price for hosting a sp50 would be around 400$ a month just in rack-space, + electricity + inet + mgmt ++(And of course 25% VAT).

GND: Does the price include management of the miners?

Talked with Valkir during the weekend. (Very cool guy btw)

I might be interested to join you guys if you can settled a deal. (SP50 would be great)

I will be following the thread.

Herb

Duty (VAT) entering Canada is 5%, otherwise taxes are included in our fees. And if you register as a business in Canada, you'll get the VAT back on your taxes as Canadian businesses get refunded any VAT they spend. (Offset by any you collect, which would be none as mining won't normally result in any HST collection.)

And its not just electricity you need. Each cent per kWh is $7.50, roughly, a month. You need a rental space, insurance, maintenance, gas etc. Say you do 100kW of demand. Rent is easily going to be $2000 or $3000 a month. Take the lower number, and that's almost 3 cents/kWh by itself, before electricity. If you could find a spot to rent for super cheap, go for it, but I don't think you're going to find a decent electrical hook up for cheap. (Especially with legalized marijuana, grow ops compete with bitcoin mines in some states for power.)

Whoever is going to service it is also going to expect to get paid and have their gas and expenses reimbursed. Throw in insurance and all the things that could go wrong, like leaks or building security issues.

You'll find electricity is actually less than all the other costs of running a data centre on the scale you're considering. Run your own numbers, but I doubt you'd be able to bring 100kW online for less than our prices, unless someone in the group buy has that kind of power and is willing to give you a sweetheart deal on rent.

That being said, don't let me stop you guys if that's the direction you want to go. It just appears you're all serious, so I thought I'd jump back in. Our hosting would come with maintenance and 24/7 staff onsite.

I think we could get most of the skills needed to set it up.  I think initial investment would not be horrible if we can find a place that rents in a area of low electricity.  I could be wrong but I think going with a data center we will pay twice the electricity price we could get.  I would hope we could find a place close to a member or two, but that could be wishful thinking.  But it would be a heck of a lot easier I agree with that.

I don't see it really being a CO-OP if we use a data center though.  That is something any of us could do now. CO-OP: a business or organization that is owned and operated by the people who work there or the people who use its services.

Are there any data centers in US you are looking at?  A lot of data centers are going to have a VAT in other countries.  Does the one your looking at have a vat to get miners sent there?

I agree, kinda. It's good that it includes rack space, management and cooling. Probably save a couple of watts on cooling that makes up for the "higher" kwh/$.

But, if we could get community members to host it at a better hosting price, I'm all for it!
Ex: Guys like dmwardjr got 36k W available for mining at home

A lot more risks come into play if we decide to build our own datacenter. We'd need to hire dedicated support staff and provide an absolutely massive upfront investment. It will take far longer to get from planning --> funding --> hashing. Remember, our quoted hosting rate includes not only electricity, but dedicated staff and space in the datacenter as well.

For that reason I think we should outsource our hosting--although we don't win on cost, it greatly lowers risk (its hard for someone to run with the funds), and greatly increases transparency.

I say we keep it as simple as possible.

The thing with the CO-OP I think if we go out and find cheap electricity for it we could easily beat that.   I would hope .03-.04 would be my goal range for the mining CO-OP to be able to compete with the "big guys".

Finding the right place for electricity and setting that  up would be a big part of the initial setup period.

I would be in for an investment pending the setup and hw pricing.  Was looking at buy an SP50 for my farm, but would love to get lower than .075 electricity like I have now. 

I think it would be the best way to handle a venture like the proposed Co-op.

There are a few forms LLC or S-corp types.   Some require board meetings.  If we made a min investment to join, we could have a "board" and decide business through it.  With skype we would be able to do it online even.

I think the main thing is finding cheap electricity location.  If we can do our own location  I think we can get the lowest possible price, no middle man.  Just the CO-OP owning it.

I honestly hope something like this happens