Bitcoin Mining Rigs?

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Joethemechanic

Joethemechanic

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Hazleton Pa
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Electro-Mechanical Technician. Industrial machinery
I just started looking at them. Not sure which ones are good. I see some that are liquid cooled, which is interesting for heat recovery.

Any Idea how long they have to run to make whatever amount of Bitcoin? How much internet speed do they need? And what are the calculations they make used for?

61v4BMSwReL._AC_SL1024_.jpg

 
Here they put them in Conex’s with huge and very noisy fans. Like standing in a wind tunnel. Luckily none are within earshot of me. But across the state line in North Carolina they have some, and the locals are not happy!
 
hillbilly1 said:
Here they put them in Conex’s with huge and very noisy fans. Like standing in a wind tunnel. Luckily none are within earshot of me. But across the state line in North Carolina they have some, and the locals are not happy!
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I think the way to make it profitable is to find a use for the heat. It's not like any real amount of energy is escaping out the data line. For every KW in it seems like you would have 3412 BTUs of heat
 
Joethemechanic said:
I think the way to make it profitable is to find a use for the heat. It's not like any real amount of energy is escaping out the data line. For every KW in it seems like you would have 3412 BTUs of heat
Click to expand...
I have a customer that’s doing that with his glass tempering oven. He’s running a duct over to his new warehouse building to heat it this winter with the waste heat. Gets pretty hot in there, I’ve been running conduit for cameras in there, and it has to be at least 110+ at the ceiling, and that’s with the bay doors open! Got his first power bill this month, and it was over $4000!
 
hillbilly1 said:
I have a customer that’s doing that with his glass tempering oven. He’s running a duct over to his new warehouse building to heat it this winter with the waste heat. Gets pretty hot in there, I’ve been running conduit for cameras in there, and it has to be at least 110+ at the ceiling, and that’s with the bay doors open! Got his first power bill this month, and it was over $4000!
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At today's exchange rate, if those things made 0.000038 BTC he's got that covered
 
It takes about 143,000 kW-hr to mine one bitcoin, or about $7,500 worth of electricity at $0.05/kW-hr. Bitcoin price as of this writing, $26,035.19.

minerdaily.com

How Much Power does it take to Mine a Bitcoin? - Miner Daily

We assess how much power it takes to mine a bitcoin in kWh, MW, and GW. We also explain how Bitcoin's network growth will slow in the future.
minerdaily.com minerdaily.com

Keep in mind that as time goes on, it's harder and harder to mine a bitcoin. At some point it's going to cost as much as it's worth.
 
AC\DC said:
If I going to dump money into a fools investment at least I can hold my gold
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Just make sure the gold isn't pyrite.

And from what I hear lots of gold bars have a chunk of tungsten inside them. I think the weight is almost identical.

Nothing against gold investments, but can you imagine how many of those bars might be floating around? They get traded God only knows how many times, and nobody knows. And in a crazy way it doesn't matter to the traders. It's like Schrodinger's Cat. As long as you don't open them up to see what's inside they are what you believe they are
 
You can tell from x-ray machines. there a proper name for them. my local coin guy had one, yes you have to worry about were your buying them. Anything you buy to invest in some one going to try and rip you off lol
 
hillbilly1 said:
Here they put them in Conex’s with huge and very noisy fans. Like standing in a wind tunnel. Luckily none are within earshot of me. But across the state line in North Carolina they have some, and the locals are not happy!
Click to expand...

We have two mining farms here setup like that. They are high fenced with full time security as well.


Sent from my iPhone using Tapatalk
 
Joethemechanic said:
I just started looking at them. Not sure which ones are good. I see some that are liquid cooled, which is interesting for heat recovery.

Any Idea how long they have to run to make whatever amount of Bitcoin?
Click to expand...
For a single computer? I dunno, maybe a million years to make a dollar? :D
 
gadfly56 said:
It takes about 143,000 kW-hr to mine one bitcoin, or about $7,500 worth of electricity at $0.05/kW-hr.
Click to expand...
Plus the costs of the computers, racks, space, network and power wiring, and the labor.

I have to wonder how long it takes to break even.
 
LarryFine said:
Plus the costs of the computers, racks, space, network and power wiring, and the labor.

I have to wonder how long it takes to break even.
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It reminds me of the infinite number of monkeys at an infinite number of typewriters scenario.
 
gadfly56 said:
It takes about 143,000 kW-hr to mine one bitcoin, or about $7,500 worth of electricity at $0.05/kW-hr. Bitcoin price as of this writing, $26,035.19.

minerdaily.com

How Much Power does it take to Mine a Bitcoin? - Miner Daily

We assess how much power it takes to mine a bitcoin in kWh, MW, and GW. We also explain how Bitcoin's network growth will slow in the future.
minerdaily.com minerdaily.com

Keep in mind that as time goes on, it's harder and harder to mine a bitcoin. At some point it's going to cost as much as it's worth.
Click to expand...
And that's quite an unrealistically low price of electricity in the US if you're not using enough to broker wholesale prices.
 
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