Post
Topic
Board Mining
Re: Please bail me out - I'm an idiot bought mining gear at the peak
by
Karen Palen
on 21/06/2011, 11:18:53 UTC
Don't sell your stuff, move to a cheaper state ! Electricity in florida is about .05 KWH, you can stay in the midwest to, some states are .03-.05KWH

Don't forget to include the cost of HVAC to get rid of all that heat!

I see where there are some very large data centres opening up in places like Iceland for that region.

Random thought there is a HUGE hydro electric project in N. Quebec - I wonder how it would work for a co-location site? You could even sell the "waste heat" to help heat buildings.

Just the same it really does depend on the ratio of Difficulty Factor to BTC "value" in the currency where you pay the bills - at US$0.01/BTC and today's Difficulty Factor I doubt if there is any combination which would work.