Best UK Buildings for Mining?

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Posts: 14 · Reputation: 108
#1Jan 30, 2019, 10:19 AM
In the UK, typical homes come with 80-100Amps... Since most miners run at about 3000watts, you’re limited to using around 8 miners at most... What’s the better option for this?
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Posts: 35 · Reputation: 232
#2Jan 30, 2019, 12:57 PM
Rent a small industrial warehouse, you usually get more power there. But before stepping in, just make sure the electricity price, I'm not from the UK but I guess it's pretty exp at the moment
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coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#3Jan 30, 2019, 03:54 PM
Uk is not a good place to start a business with Mining machines electricity rates are very expensive you maybe can mine in the UK if you have a solar. Or I think looking for colocation with cheap electricity rate might be your best solution than trying to mine in the UK with very expensive Electricity rate.
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bear365Full Member
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#4Jan 30, 2019, 10:14 PM
Why not just place your Asics in a hosting company, if of course the rental price suits you, it is not necessary to place them at home, especially since the price of electricity in the wholesale market is cheaper.
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tom.foxFull Member
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#5Jan 31, 2019, 12:03 AM
You can get good deals on railway infrastructure, for example railway arches. There are lots in places like Birmingham that are fairly reasonable. https://www.guardiansofthearches.org.uk/tenant-support/ https://www.thearchco.com/ I know several people who have successfully mined in arches. Fairly cheap and well equipped for it.
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davealphaSenior Member
Posts: 257 · Reputation: 975
#6Jan 31, 2019, 05:57 AM
Actually, UK electricity rates for new business contracts are currently coming in around £0.85 - £0.90 per kWh, which is around $1.00 per kWh. An S19 Pro 100T generates around £5.86 worth of Bitcoin per day, and will cost £60.18 to generate that £5.86 of Bitcoin (at assumed rate of £0.85), for a total loss of £54.32 per day, per S19 100T! So unless you have free electricity, or have a current contract with very low rates, UK is not the place to be thinking about mining.
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