Quote from: Arctic on September 04, 2014, 08:22:02 AM

Quote from: blunthammer on September 03, 2014, 06:58:12 PM

It's $125,000 per month per megawatt all inclusive of power, cooling, rent.

OK got it. That's why we went to Sweden.

Our all inclusive price for 1MW is $79,000. I assume the reason why thecoinfoundry is 58% more is that you are having to run conventional aircon in traditional DC space.

As difficulty ramps it will become less and less possible to mine profitably anywhere that PUEs are not very close to 1.

You can mine profitably so long as you build a business model that insures it. Thinking you can buy a couple of rigs and put them in your garage in scottsdale AZ from June-September and profitably mine is not going to work. Mining at scale and placing bigger bets to buy in is what is required. Fewer and fewer people will have the balls resources or desire to go bigger and bigger to get a seat at the table.

The coin foundry value prop as I understand it is:

The sites are there ready to go in a real building.

You overnight rigs today, you are mining in 24-36 hours with whatever rigs you can mount and turn on
How many BTC can you mine with 1 MW in 24 hours? (I don't know)
Is it enough to cover the cost for that day and the weeks required to squeeze 58% premium over mining 1MW of BTC?
Those are the business questions that need answering.

Someone who wants to put 500 rigs in the site over the next 8 weeks seems to think it's a screaming deal. Dallas will be gone by 9/30 or sooner. New rigs are shipping and they want the jump on the hash rate to get going now vs, trekking around eastern Washington for 2 weeks to find a building. Then another 4 weeks to have a utility design a distribution system for them and drop in gear to step down the voltage, and then coordinate rack implementations, cable runs, and wiring installs (2 weeks) before the rigs get there and then have the people, process, and space to unpack rigs and get em racked.

It's all super easy until you start...