Quote from: samsonn25 on April 14, 2014, 06:13:34 PM

Quote from: whonesta on April 14, 2014, 05:48:44 PM

Quote from: dropt on April 14, 2014, 02:38:31 PM

Quote from: whonesta on April 14, 2014, 11:37:09 AM

S1's made it from Alaska to Kentucky for Today's delivery, S2 says Tuesday, but I doubt that..
And yes my Brain is just fine, GPU mining SUCKED!! burning 3KW to earn $15.00 a day, verses ASIC burning 3KW to earn $75.00 a day. Maybe my brain is wired wrong but I thought more money was the idea?
Flight UPS77 http://flightaware.com/live/flight/UPS77 Come on Tuesday!

Yes, it sucked. But if you were in it for the long-term you held onto those coins and that $15 turned into a lot more.

Yes they did! Because we all spent a boat load of monies on ASIC, which assisted in increasing the price of BTC. Had we stayed with GPU/FPGA, BTC may only be worth $50 right now. DO I think HUGE data center mines suck, well sure in the short term, but if/when they do fall on their faces because that is how Satoshi designed the coin, there should be plenty of cheap hardware and at least a plateauing of difficulty, so hopefully long term these ASIC data centers become blessings.

Huge data centers have higher costs because they have to pay for rent and maintenance. The electricity discount rates wash out because they have to run more power for the cooling.

The only advantage is if you sleep with a asic manufacturer and get chips or machines at close to wholesale cost before anyone else.

Actually, data center costs are all to do with location.
If you do as KNC have done and build your data centre on the edge of the arctic circle then there is unlimited free cooling by just opening the door.
They also built it next door to a hydro-electric dam, so plenty of cheap green electricity too.
And they rented an existing building, not built it from scratch, so start-up costs were kept low and operation start-up time was minimised.
Needless to say they made the ASIC mining machines at cost price and are now minting their own money big time.
Sadly with the cost of the S2's I can't afford to do the same thing.
I guess Bitmain doesn't want to move to Sweden either.

davebodger

Posts

Merits