chain2014

Correct. I calculated the absolute best case numbers possible. In the real world, you'll be lucky to get half of that 150w. Instead, you could also lower the heat production of the hashboards by 10-20% with custom…

Here's my (informed) opinion on this unique idea: A replacement fan for an Antminer uses 12v/2.7A, which is 32.4 watts. Let's assume each miner has 4 fans, for a total of 130w of consumption. Assuming the motors are…

Is this a private deal with a power plant? I don't think you can get below 5 cents on publicly available tariffs in most states.

IDK how you can get 4¢ in PA unless you have a special deal with a power plant. The best-case scenario in the PECO service area with PJM index pricing, primary service and curtailment seems to be 6¢. Most places are…

I will never open a mining operation in New York for the same reason even though it's convenient for me! Yes, their electricity is cheap and the weather is colder, but is it worth fighting a bunch of old buereaucrats…

I met with another miner dude to consider starting a warehouse for hosting purposes. But after looking at the spreadsheets as well as the upfront cost required to upgrade a warehouse electric supply to 1MW, we realized…

It's usually worth paying for these accounting platforms, such as Bitwave. I would write a few lines of code to integrate Bitwave with the CRM/ticketing system, Minerstat, mining pool sites, the exchange, and the wallet…

Oh, I didn't know Texas is one of the states that taxes cloud hosting. But I don't think this applies to your situation, since the guidance states that "Settling of electronic payment transactions by certain entities"…

I don't think services are taxable in most U.S. states. You're probably providing a service, not a good. If not, then try structuring your business so it's obviously a service. Think of it like a cloud hosting provider.…

If one buys a Radeon RX 6800 card this week when they are at a discount somewhere, the price will be $700/card including the system components. The profit after 9¢/kWh will be $1.80/day after accounting for a 2-3%/month…

PoS is going to be released in Q4 or later. That is plenty of time to make profit with a mining rig even if it declines in value. Keep in mind that PoS seemed imminent back in 2017 as the Difficulty Bomb exploded and…

If you want to start mining, I recommend GPU mining. It's cheaper to get started and electricity cost doesn't matter. There's an Altcoin board on this forum.

BraiinsOS, various mining pools, a stratum proxy optimizer or two, GPU management platforms (Minerstat/SMOS/HiveOS), energy price curtailment, blah blah... The key is to develop a killer product nobody ever thought they…

Correct. Mining is a chicken-and-egg problem. You need money to make money. If you want to become rich off of nothing, I suggest becoming a software developer and helping mining farms optimize their operations. You…

"It is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system." I need to find a link from ~2 weeks ago, this quote you posted is extremely…

The hot/cold aisle separation will not work with GPU rigs unless you have fans tied to the racks which force the air in the direction you want. You also need some kind of curtain or barrier between the hot & cold areas.…

I forgot to mention that I realized sending crypto to the trust as a 'contribution' is not allowed. You need an alternate way of putting it into the Solo 401(k), like selling it on an exchange, then contributing the…

So, as we all know, the IRS is pretty ruthless and considers any revenue from mining as income the second it hits our wallets. But I've stumbled upon a way to funnel that crypto into a retirement plan, which can help…

The problem with repairing mining equipment is it's difficult to find enough electronic repair technicians who do it at a large scale. Repairing hashboards is probably a skill that takes months to learn, not accounting…

The coin trading markets are of course efficient, meaning it's impossible to time the market. But I don't think the mining equipment market is perfect. There are always plenty of suckers who buy video cards even when…