Quote from: Bicknellski on May 21, 2015, 04:32:05 PM

Quote from: mavericklm on May 21, 2015, 01:15:50 PM

Evaporative cooling in the mountains? ....

that .03cents electricity is nice Cheesy

That isn't the only such set of buildings out in the hinterland powered by 'unregulated' coal or hydro.

When I was out in Hong Kong last year met a few people and one in particular that was simply sourcing and brokering locations just like this for people looking at the cheapest set up in the world for farms. Mainly fabricators / wallet providers or exchanges like those pictured have been setting up for over 2 years now in situations just like that. If it isn't big enough you ain't making shit your economies of scale need to be sufficient to compete against these farms in China. Whoever your NDA is with I am sure they have more NDAs with people moving the same product to Sichuan. Good luck but when you start seeing claims like yours you know something ain't right. Sounds all too familiar.

These sites are sprouting up all over where unregulated power can be sourced. One little quonset in good old oregon/washington etc ain't going to be able to compete no matter what claims are made things since Sichuan are probably cheaper by factors compared to anything in the good old USA especially with regard to miner production and shipment. But I guess that Guy at Spondoolies is wrong or has changed his mind since last year.

A month later, what is happening with cryptocurrency mining in China? August 2014

Code:

"The trend is clear if you remove BitFury 2
last DCs (June and August 2014): http://bitcoin.sipa.be/growth.png
At current BTC price and their machine cost, theyre almost
loosing money at Georgia and Iceland" - Guy

Code:

For comparison, I reached out to Bob and asked him his
thoughts on what Corem was stating. According to Bob, in terms
of Chinese manufacturers switching to self-mining:

Theyve already been doing that for the
past two months. But not mining themselves,
theyre all into coop mode now. The manufacturers
issue the machines. The site operators invest
on the sites. They split the income between them.

Your NDA which has a version of the Chinese style shared plan with company X (Avalon likely) that provides miners is nearly a year and a half behind the Chinese and you don't have cheaper hardware or space or electricity which means you won't have profit. See BitFury Georgia DC as the example that be comparable to anywhere in the US as you would both have to have units (chips or miners) shipped from overseas / overland from China. Bitfury was not breaking even in 2014... how are you going to break even in late 2015 or 2016 with sharp downward pressure still on bitcoin price? You won't. Cost of bitcoin production anywhere with anyone, even for the most efficient and cheap hardware fabricators, is greater than the current value of the Bitcoin being mined. Just one more sustained price dip and a few more Asicminer like disappearances will happen. You are going to lose whatever you invested most likely unless you are selling cloud mining to someone then you are still going to lose your shirt no one is going to buy your cloud mining.

That's an awful lot of assumptions there. So many it made me chuckle. I have S1's that can profit here but not for long. But it would be silly as hell to run anything that inefficient or plan for it. I wasn't born yesterday. Those huge guys stuck with the old stuff only helps me. I appreciate your concern. At least I don't have to worry about competing with you.