Post
Topic
Board Bitcoin Discussion
Re: Is mining doomed to end in big farms?
by
Searing
on 12/01/2021, 08:59:03 UTC


Yes. When I turned on my 1st newbie miner on October 18th, 2013, Bitcoin at least 'some-time' that day was $150.00 even when I looked and I made about

1 BTC a day. The miner was a KNC Jupiter 550gh Bitcoin Miner and cost to the USA from Sweden with shipping exactly $5,131.80 pre-order from 7/1/2013.

Now doing the math (philipma1957 in another thread did the math) using Bitmain's new AntRacks monster units that ship 3/2021 supposedly and NOT counting

the import/tariff of 26.7% to the USA, nor shipping, nor install fees, and NO electricity.

Well, the price to just have the equipment to make 1 BTC a day is 'supposedly' by the math: $4,500,000.00 USD investment.

If that does not tell you 'big farms' are not the future, not sure what will. The big farms also probably by now need 2c-3c kWh electric 'at least' to boot!

Brad