Quote from: Coinfarm ventures on May 17, 2022, 10:00:33 PM

Quote from: minemyhive on May 17, 2022, 07:09:54 AM

Yes, that would make sense. Where I'm from, its a factor of a few things - garage space is a luxury where 99% of us don't have the luxury of one..

Colo spaces will then make sense. But with the recent macro happenings, home electricity pricing isn't working out either..

A month or two ago, some people said that home mining at a rate of 10-12 cents was possible with the most efficient ASIC on the market, which was a Bitmain Antminer S19j Pro. But now, the power cost is half the revenue. Profit is half of what it used to be for that miner.

Now you need at least a Bitmain L7 or Goldshell KD2 for home mining to be viable. The only other option is a GPU rig for altcoins, but even that is not becoming worthwhile for many U.S. households who pay 15-16 cents for power. It's becoming more compelling to just sell the cards and buy the coin, since coin prices are low.

Where I'm at,
Home miners - USD 0.20/kWh + tax
Wholesale rate for farms - >> USD 0.50/kWh

Screws up the mining economics. Plus land prices aren't cheap. There has been an exodus of colo players here, leaving only the most hardcore home miners..