The thing with the CO-OP I think if we go out and find cheap electricity for it we could easily beat that. I would hope .03-.04 would be my goal range for the mining CO-OP to be able to compete with the "big guys".
Finding the right place for electricity and setting that up would be a big part of the initial setup period.
Finding the right place for electricity and setting that up would be a big part of the initial setup period.
A lot more risks come into play if we decide to build our own datacenter. We'd need to hire dedicated support staff and provide an absolutely massive upfront investment. It will take far longer to get from planning --> funding --> hashing. Remember, our quoted hosting rate includes not only electricity, but dedicated staff and space in the datacenter as well.
For that reason I think we should outsource our hosting--although we don't win on cost, it greatly lowers risk (its hard for someone to run with the funds), and greatly increases transparency.
I say we keep it as simple as possible.
I agree, kinda. It's good that it includes rack space, management and cooling. Probably save a couple of watts on cooling that makes up for the "higher" kwh/$.
But, if we could get community members to host it at a better hosting price, I'm all for it!
Ex: Guys like dmwardjr got 36k W available for mining at home
I think we could get most of the skills needed to set it up. I think initial investment would not be horrible if we can find a place that rents in a area of low electricity. I could be wrong but I think going with a data center we will pay twice the electricity price we could get. I would hope we could find a place close to a member or two, but that could be wishful thinking. But it would be a heck of a lot easier I agree with that.
I don't see it really being a CO-OP if we use a data center though. That is something any of us could do now. CO-OP: a business or organization that is owned and operated by the people who work there or the people who use its services.
Are there any data centers in US you are looking at? A lot of data centers are going to have a VAT in other countries. Does the one your looking at have a vat to get miners sent there?