Post
Topic
Board Mining speculation
Re: Thoughts on Cost of Mining Farm now, with 40+ PH/s.
by
tertius993
on 16/04/2016, 06:08:36 UTC
Either my post wasn't clear or ppl aren't reading it properly.
The $400k refers to monthly costs of an operation that mines 150 x 25 BTC in that period i.e. ~$1.5m @ $420, or a net profit of >$1m per month.
Re: halving, yes I can divide by two too.

so you really think that someone will sell to you a mining farm for a certain time frame, at a lower cost of what that farm will produce in this time frame? no way this is true

it's like someone do the renting at lower cost than the profit he would have made if mined directly his coins

Where did he say that? He said the monthly running costs are c. $400k and then he is asking what is it worth? Presumably to buy or sell (or invest in) the operation.

On a different note I see someone above has questioned the numbers, I haven't done the sums but it certainly seems like a very low cost to run.

yeah it's what i was implying, selling you for a certain time frame means renting, nothing more, at a lower cost than the earning of that farm, simply unfeasible by a long shoot

That is not what he is saying.  It is slightly vague but according to the OP the 390k is what the farm costs to operate per month, i.e. its outgoing expenses in terms of electricity, maintenance, etc..

Each month it generates a certain number of bitcoins - revenue - 150 blocks (at the moment) = 150x25=3,750 BTC per month
Each month it spends a certain amount of dollars to keep the farm running - expenditure - $390k (at the moment)

Therefore each coin generated is costing 390,000/3,750 = $104

At a coin price of $420, that suggests gross profit of over a million dollars per month.

He is asking how much is such an operation worth.  He hasn't given any numbers on this point.

Though he hasn't said why - he may be the owner selling, or a potential buyer or investor.