PETA is meant to be a mining operation that continues to function indefinitely
How can petamine function indefinitely when they are charging themselves $0.25/kwh vs the competition at less than $0.05/kwh?
how are the others making any profit? they might be charging differently
I'm confused is petamine paying $0.25/kwh or is that a service by petamine which customers pay that rate?
CrytpX takes out $0.25/kwh out from the total BTC mined by Petamine for the week. This is taken out and after that the dividends and reinvestment is calculated from what is left over. I'm not sure how much CryptX pays per kwh and it might be posted in this thread or the prospectus, but that fee also includes warehouse space and maintenance cost.
Do we know if petamine is selling themselves electricity?
If so it should be less than $0.05 × 1.5 (PUE + hosting costs)
Even if they are buying electricity for $0.1/kwh they shouldn't be charging more than $0.15/kwh.
$0.45/kwh is ludicrous. How do we know $0.25 is anywhere near their costs when they managed to simply cut the price in half as soon as hosting costed ~50% of what they mined.
I bet they can go as low as $0.1/kwh and still profit. Especially if they are selling electricity to themselves.