At least I don't have to worry about competing with you.
I think you need to worry more about your own vision not what "competition" you think you are in.
This ends badly. All it takes is a $100 Bitcoin for the next 12 months to wipe out a major portion of the mining sector top to bottom big or small.
Those guys with "old" units either dump them for waste and retool or sell them on the Chinese market... or like Bitmain to those who might still mine at home lol.
I can pay the bills at less than half that amount at the current difficulty. And your right it will wipe out a huge chunk of mining. Even alot of those chinese farms. The one quoted above is the first one I've heard of under .05kwh in China and Bitmain would have to mine at a loss or have a huge fire sale. Point is my power rate will ensure I am one of the last standing in that case. Nothing risked, nothing gained. I never said anything about going in debt to do this.
Your assumptions regarding my miners are way off target.

Like I said I wasn't born yesterday and I've been mining for many years now. I also got ripped off from BFL pretty good those bastards. But only once. Hashra got me too. I am familiar how scam ridden this sector is. That's why I am very careful to say what I say and ensure I only say it when I can prove it. I designed and engineered this whole 1MW layout myself. Scouting, procuring, permitting, site layout, coordinating with the county. It was not easy getting the county to sign on. Amazingly enough I am still under budget, except I am overdue

I've also been invited to many large scale mining operations and had to sign a NDA to visit some of them. You don't have to believe me the proof is in the puddin' and I'm full steam ahead. Life is also happier when you are optimistic or at least see there is half a glass of water in there rather than half empty.