Post
Topic
Board Service Discussion
Re: Free Power for cut of Mining in California
by
msj219
on 06/09/2018, 21:51:18 UTC
Direwolf,

no offense taken, I'm sure there are lots of scammers out there and please don't take offense that I'm not really looking to publicly disclose all the specifics of the arrangements we have but it is all verifiable and this is a $60m warehouse facility that has the main power contract that the 1000 amps is coming out of and you can come see it in person in LA if need be.

the numbers need to make sense before anything of substance is done, as I mentioned for now just the availability of power is there, warehouses are easy to find..

obviously I considered just building our own rigs or buying asics, both have gone down in price quite a bit... but the possibility of lower lows is too big of a risk imo to purchase equipment at this time as they are rapidly dropping in price.

just something that's been on my desk for a few weeks now and the best solution I could come up with is, perhaps looking for miners who have turned off their machines due to power costs it the right way to go and it's a win/win for both parties if the (mining profit share) - (facility overhead) = (x) and that x allows us to recover initial costs for the facility ideally within a year.