Questions re BTC mining w/ 1 - 10 machines in the USA (or Canada)

fanatic26

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Quote from: Raymond_B on January 11, 2018, 10:21:25 PM

Really? I am at .056, but even at .10 I think I'd be OK. Now at the moment I only have 2 S9s and 1 S7, granted not much of a setup at all. But I am definitely profitable.

Its still profitable at 10c plus yes, but if you can pay someone to host for around the same price and they do all the maintenance while not having to worry about the sound or heat it just makes sense to have them hosted. Obviously thats just a personal opinion but I say that with 3 years experience running crypto datacenters that host miners.

Raymond_B

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Just Getting Started...

Quote from: fanatic26 on January 11, 2018, 05:20:00 PM

As a general rule, unless your power rate is under $0.08/kwh all in, hosting is a better option.

Really? I am at .056, but even at .10 I think I'd be OK. Now at the moment I only have 2 S9s and 1 S7, granted not much of a setup at all. But I am definitely profitable.

OROBTC

legendary

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Quote from: fanatic26 on January 11, 2018, 05:20:00 PM

As a general rule, unless your power rate is under $0.08/kwh all in, hosting is a better option.

OK, that's a nice hard number that I can use when I meet these guys. Thanks!

fanatic26

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As a general rule, unless your power rate is under $0.08/kwh all in, hosting is a better option.

Steamtyme

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I can say that winnipeg Canada does not have the lowest rates for electricity. Alberta has lower rates than Manitoba, but I can't speak for the rest of North America.

There has been a rumour floating around about the cracking down, but there has been nothing substantial.

I doubt there are boatloads of miners coming overseas, as it would take a decent amount if time to just secure a facility and get it operational.

As far as making money with 10 machines, it depends on the 10 machines their hashrate, power costs, and the efficiency. For example people are turning a profit on machines that were obsolete, but those are phasing out with difficulty increases.

My suggestion is if they have miners in hand set them up asap, point them at a pool that pays the transaction fees to the miners and keep going until they make no money.

OROBTC

legendary

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...

I have found a group of BTC guys here in my city, I hope to meet with them soon. One of them already has an ASIC miner that he got from South Korea (?, I did not know that Koreans made them), but he has not yet set it up. He said his associates want to start mining here in town (USA), and that they are looking at using 10 of these S Korean miners.

Since my knowledge of mining is very weak, I present some questions to this thread (maybe others would have similar):

-- I am guessing that US electricity costs more than other alternatives (Canada). I do not have specific figures for kW-hours for my city (nor any "wholesale rates", etc., it's also possible they can get their electricity for *free*). Would 10 machines w/ a good Internet connection and hooked into a pool likely make money in the USA nowadays?

-- I read at ZeroHedge that Winnipeg (Canada) has North America's lowest electricity costs (Montreal has N America's second lowest costs). I wonder at what (minimum) point it would be worthwhile to set up there in Canada (10 machines? 100?).

-- I heard a "Genuine Rumor" today that a lot of China's miners have recently put much of their mining equipment on ships for Canada. Apparently China is cracking down, and some/many of the pools are sending machines to Canada. Anyone who could confirm this rumor I thank.

Thanks!

Topic: Questions re BTC mining w/ 1 - 10 machines in the USA (or Canada) (Read 247 times)