I’m kinda at a dead end, so I’m hoping to get some help here. I’m from Canada and need power under 5 cents USD for 1-30 MW without having to pay anyone off, since upgrades are pricey as it is.
In Quebec, it’s super corrupt and they’re in bed with bitfarms to keep mining all to themselves.
Manitoba has left a bad taste for most landlords after miners ghosted them back in 2018. Now, most won’t even let you set up, and buying a property plus installation takes ages, like 8-12 months.
Labrador’s got cheap rates, but good luck getting anything done out there.
If anyone knows where I can start with at least 1 MW, hit me up. I’m down to share some of the profits.
Just to clarify, I’m not looking for hosting services since all of them are super unreliable. I want my own setup and plan to move to dependable colo/hosting later on. Been in this mining game since 2016.
You're better off finding an existing mining farm who's going bankrupt and taking over the facility from them or buying them out. Sub 5-cent industrial power is hard to find these days after what happened to the natural gas market. Existing warehouses with 1MW of capacity installed are very hard to find for a reasonable rent.
The best location I ever found was a former pork processing plant in Northern NJ with 1.25 MW of power at 6.5¢/kWh. The rent was $4000/month.
I have 400amps at 480 available at 4.3 cents hydro sourced mostly hydro/wind a bit more but don't know the number. Zero facilities for it, just connex box and hook it up. NE Oklahoma
Currently i'm working on filling up a 300AMP mining farm which kept it at residential leaving my bill at 0.0595/kwh with a little bit of a fluxuation during season this is with no solar or wind and both are viable building to scale.
We can average around 4-5 cents/kwh where I'm located. We're looking for capital and/or partnerships to help get us up and running on several different locations as well as using flare gas/stranded natural gas for mining. I believe we have 3-4 on-grid locations with around 10MW, 2-3 locations on-grid with 2MW and several flare gas sites we could work with. It's just hard to make any promises ahead of time due to the amount of variables but our farm averages sub 5 cents at least. Not a fixed rate, averaged.
Hi OP,
Just posted a new thread on the same topic - we have the capability to supply your project anywhere from 1 MW to 200 MW at our infrastructure sites in Alberta. We would be providing you sales-quality gas, which you can then turn into power on-site with generators. We're completing a 10 MW project with another client from China as we speak.
Send me a PM and we can discuss further.
Thanks!
Alaska has a some methane releasing lakes and ponds. Capture the methane with a large float-able doughnut shaped plastic device with a dome like plastic cover and tubing to the land. It should be anchored in place as well. Clean/process the methane gas and run it in a diesel generator. You will be using diesel to idle the engine and the methane to bring it up to working speed. Use the Bitcoin Blockchain fuel saver on the diesel generator for better efficiency. Also keep your miners and camp away from the lake and generator.
There will be a lot of challenges to overcome (permits, logistics etc.) and this is not for faint of heart. Maybe make a show on the Discovery channel and get them to help! I would watch it!
Another option:
Running a diesel generator on waste oil, using the Bitcoin Blockchain fuel saver. This could be a community project. Get local restaurants to supply the waste oil and split the Bitcoin accordingly to costs and work involved. The fuel saver works pretty well so don't skip it! I use it in all of my diesel vehicles. Saves a ton of money!
Farms and landfills are also a great source of renewable methane so don't count them out.
Problem is that few cents per kWh won't even cover the generator capex+maint even with free fuel. And waste oil is not free as there is considerable collections, storage, etc. costs. This is a very hard price which is almost impossible unless you have something in place already like a huge dam for 50+ years already so it is free (and you are still in race with other buyers), or a gas power plant with no customers and plenty of cheap gas, etc.
There are a lot of methods and some of these are listed below and I will say that you should also hold onto these.
1. Buy your own mining machines like antminer S19 Pro.
2. Make Masternodes
3. Share investment with friends