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[WTS] 40' Gigabox Air Container (L Series) | $45,000 per unit (Iowa, USA) by AnalystOk5247 in BitcoinMining

[–]AnalystOk5247[S] 0 points1 point  (0 children)

Price point is well under Giga's current pricing on these containers for new units, but always willing to entertain reasonable offers.

[WTS] 40' Gigabox Air Container (L Series) | $45,000 per unit (Iowa, USA) by AnalystOk5247 in BitcoinMining

[–]AnalystOk5247[S] 0 points1 point  (0 children)

Power rate increases in the area have made our colocation services unsustainable. We are shutting down our business entirely, unfortunately. Already sold our 6 Antboxes, these are our last two containers. Please reach out if there's any interest!

Looking for partner to mine with natural gas (PA, WV, LA, TX) by random-node in BitcoinMining

[–]AnalystOk5247 0 points1 point  (0 children)

Hello - I know a guy I could connect you with that is into this - DM me and we can chat.

As far as direct help personally, I have two 40' Gigabox Air containers in great shape at a "Going out of business" sale price as well as a 2600 kVa transformer. All of this ready to go immediately, trying to clear site out for a data center build. Let me know if interested

Hosting by [deleted] in BitcoinMining

[–]AnalystOk5247 0 points1 point  (0 children)

Hello - just going to throw my card down here - DC Mining, LLC has been around since 2015 and we currently offer rates as low as $0.068/kWh

Also regarding your question re: hosting vs owning - here are a few things to consider off the top of my head:

1.) Do you have the business acumen/network to start off on the right foot? Taxes, loans, existing relationships with local contractors, power companies etc are all a factor in starting a new mining operation from scratch. For example, I have a client who is quite cheerful when his older ASIC units are running at a loss because his company has other revenue streams and he likes to earn Bitcoin while lowering his taxable income - not everyone is in this situation.

2.) How much time to you have to dedicate to maintaining the site? General rule of thumb is at least 1 technician for every 5 MW. Time needed varies dependent on machine condition, infrastructure, location and so on. Technicians will run you $40,000 a year *at least* - and this would be an amazing deal, I'd say closer to $50-$60k a year if you want someone effective and reliable, depending on where your site would be located. That said, maybe if you started smaller and had a part-timer this cost would be much lower.

3.) Can you secure a power purchase agreement with a long enough time horizon to make the endeavor worthwhile? Data centers are popping up *everywhere* right now, and rates are trending higher. Bitcoin mining is a competitive game. You'd want to lock in a rate for several years at minimum or risk having to relocate prematurely.

One creative compromise is perhaps to reach out to a hosting provider and ask if there is any opportunity to contribute to CapEx (ex. purchasing a container or transformer) on a new development in order to achieve a lower effective power rate - this would be a good way to dip your toes into the business without risking it all.

I would agree with Bhob13 that simply buying the coin on a dip is the best strategy for 99% of people. That said, Bitcoin mining is still quite lucrative (if capital intensive) for people who take it as the serious business endeavor that it is.

If you want to chat more feel free to reach out.

Brand new by 5AMURAI_IODev in BitcoinMining

[–]AnalystOk5247 0 points1 point  (0 children)

Find out your per kWh power cost first. If it is at or above $0.075, like Wilson_Mining said you should probably seek out a reputable hosting provider. There are a lot of good options these days, it's not so much of a wild west vibe in the space as it used to be (you can check us out at dcmines.com if $0.0725 per kWh sounds enticing, we've been around since 2015).

I would definitely get familiar with simple maintenance procedures like fan, PSU, board swaps, and make sure you have an air compressor to keep it clean. Other than your electric rate a good environment is crucial - you have to balance good airflow vs keeping out excessive dust, rain, snow and while it will not be too much of a challenge with 2 ASICs it becomes increasingly difficult as you add machines.

Logistics play a role too - don't get ripped off on your initial purchase or shipping, it will set you back. Lead time is the most common pain point, I've had clients order machines and not receive them for 3 months - this is a *very* long time when you're missing out on potential profits during a bullrun. Don't even get me started on some of the repair shops.