Post
Topic
Board Mining (Altcoins)
Re: 8th Alt coin thread. Or what to do now that asics are all over the place.
by
QuintLeo
on 21/11/2018, 05:31:41 UTC
Bitmain is not getting to get out of crypto, they just opened a new facility in WA state. Cash problems as they are, they are expanding.

The facility they are opening is in a strange spot though - it's NOT in the land of Super Low Cost Power (which might be going away for most crypto anyway, given the recent pushback by the 3 county PUDs involved) - the rate they'll be paying there is fairly high for a large crypto operation, as it's NOT all that close to major hydropower in large quantities.

If they were running S9s there right now, they'd be LOSING money to do so - and even the T15 wouldn't be highly profitable.

6-7 cent industrial rate as I recall, might be 5.something at best.