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Old 03-26-2022, 09:10 AM   #51
MadHatter
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All that electricity, water and so forth these facilities need.....how much money are these places pulling in on an average mining day?
I have a customer running 70+ machines, currently he is mining a little over .8 of a coin every month.
At one point he was averaging 1.3 coin a month.
Electric bill is north of 16k monthly.
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Old 03-26-2022, 09:11 AM   #52
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Originally Posted by MadHatter View Post
I have a customer running 70+ machines, currently he is mining a little over .8 of a coin every month.
At one point he was averaging 1.3 coin a month.
Electric bill is north of 16k monthly.
That doesn’t sound like a very profitable business. What am I missing?
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Old 03-26-2022, 09:48 AM   #53
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That doesn’t sound like a very profitable business. What am I missing?
I don't know that it is, just repeating what he told me.
900k invested.
He said he blew the first transformer on the pole, and I believe he said it cost close to 30k to have the electric company come put in a 100kv transformer.
Machines are 15k each and he keeps updating them.
So maybe it's currently not super profitable, but they are banking on the day BC is worth 100k or 250k each, in which case he will be holding a small fortune.
He's fairly wealthy so he's not using it to support himself.
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Old 03-26-2022, 10:00 AM   #54
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The bitcoin miners are a ready made customer for the utility companies. They build close to the source of power, buy most of the production, then go off-line when the power supply gets tight like in February 2021. The best thing that I can see about this is that it helps build desperately needed generation infrastructure.

As far a the whole bitcoin idea, someone is going to get burned. It is not creating anything of real tangible value. I'll stick with greenbacks.
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Old 03-26-2022, 10:24 AM   #55
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I'm too old to understand all this crypto currency BS, but I am curious.

If you own 1 bit coin, and supposedly it is worth 35k more or less. Can you hold it in your hand and go buy something? How do you get paid in $$ for it? If I take it to a store and buy a coke, do I just scrape some dust off of it to pay for the coke

Maybe one of you techno nerds can explain it to me in layman terns.

Thanks
"Too old to change"
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Old 03-26-2022, 03:31 PM   #56
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You guys gotta get your own jokes…
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Old 03-26-2022, 06:44 PM   #57
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Quote:
Originally Posted by PYBUCK View Post
I'm too old to understand all this crypto currency BS, but I am curious.

If you own 1 bit coin, and supposedly it is worth 35k more or less. Can you hold it in your hand and go buy something? How do you get paid in $$ for it? If I take it to a store and buy a coke, do I just scrape some dust off of it to pay for the coke

Maybe one of you techno nerds can explain it to me in layman terns.

Thanks
"Too old to change"
Touch it no, buy stuff with it yes.
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Old 04-28-2022, 01:36 PM   #58
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One getting built in Navarro county, anyone here know where in the county?

https://www.corsicanadailysun.com/ne...cdab92743.html
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Old 04-28-2022, 01:41 PM   #59
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Originally Posted by Briar Friar View Post
Overall I believe bitcoin is chinese (communist) whale controlled and a resource dump/waste… it detracts from actual tangible use of power and production of physical product. It will aid to the cost of US energy to become sequentially higher in cost. A bit of a double or triple or quadruple whammy.

Now potentially adding to increasing land costs. Quintuple whammmy?

Ive a friend investing in leasing less than desireable gas wells, tapping to generators and plopping down premade bitcoin mining ISO containers for bitcoin generation. I like the idea of redirecting flare off for bitcoin production but use of clean power for mining … bitcoin is a resource dump and misdirection of wealth…IMO.
Man you got my wheels spinning, this is crazy
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Old 04-28-2022, 01:43 PM   #60
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https://www.nbcdfw.com/news/business...homes/2953134/
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Old 04-28-2022, 01:52 PM   #61
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I heard it’s 10 miles south down 709.


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Old 04-28-2022, 02:04 PM   #62
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I like turtles


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Old 04-28-2022, 02:12 PM   #63
SC-001
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Aqua Buddha isn't real
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Old 04-28-2022, 07:31 PM   #64
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Mining for an imaginary currency that is still based on the USD.

A guy working for me was doing this 5 years ago (est) when the price was nothing.
I'm sure he thought I was an ***** from the way I looked at him when he tried to explain it.
I still don't understand how you can get something for nothing.







BUT, I wish I'd have bought some back then, even not knowing what the hell it was.

On another note, I have bought some MemeKong. I still don't understand this crap, but I'm treating it just like any other stock/investment. It's cheap right now, so if you're a gambler, look into it.
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Old 11-26-2022, 12:01 PM   #65
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I hunt up that way, and seen it last week. Out of Kirkland. Not much there right now but a couple trailers and a few convex box, yes this is right by the high power lines that run next to 287 and only a few miles from the solar power plant.
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Old 11-26-2022, 01:28 PM   #66
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Quote:
Originally Posted by Texastaxi View Post
Mining for an imaginary currency that is still based on the USD.

A guy working for me was doing this 5 years ago (est) when the price was nothing.
I'm sure he thought I was an ***** from the way I looked at him when he tried to explain it.
I still don't understand how you can get something for nothing.







BUT, I wish I'd have bought some back then, even not knowing what the hell it was.

On another note, I have bought some MemeKong. I still don't understand this crap, but I'm treating it just like any other stock/investment. It's cheap right now, so if you're a gambler, look into it.

It's even cheaper now.
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Old 11-26-2022, 04:51 PM   #67
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Ive watched a few stories on mining crypto over the last year and I am still on the sidelines. Not only have I not bought any stake in coins I have not invested in any companies doing the mining. I have watched my nephew play in it for about 3 years. I have been really jealous then FTX blows everything up. Going to probably stay on the sidelines for this one as I just dont have the stomach for something I just dont fully understand. Maybe blockchain will hit my braincells differently........so far it has NOT!
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Old 11-26-2022, 05:10 PM   #68
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Seems like a mess, we are shutting down power plants and building wind turbine and solar farms to make up the difference. And then bitcoin miners are taking all of the new power being generated from wind and solar. Sounds like a recipe for disaster. Texas will not have enough renewable energy until every acre of the state has wind turbines and solar panels.

I heard last night from someone they are working on a huge solar farm east of Livingston in East Texas. Went in and cut all mature trees and bulldozed everything else on several thousand acres.
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Old 11-26-2022, 05:21 PM   #69
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Quote:
Originally Posted by jshouse View Post
no, but i heard burt reynolds died.
I'm in a pop up trying to be silent like us bow hunters are supposed to be
and you made me laugh out loud.
That was funny!
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Old 11-27-2022, 09:14 PM   #70
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Kind of reminds me of Emu ranching. In a few years people will be turning bit coin loose in the national forest.
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Old 11-28-2022, 01:08 AM   #71
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Quote:
Originally Posted by Briar Friar View Post
Overall I believe bitcoin is chinese (communist) whale controlled and a resource dump/waste… it detracts from actual tangible use of power and production of physical product. It will aid to the cost of US energy to become sequentially higher in cost. A bit of a double or triple or quadruple whammy.

Now potentially adding to increasing land costs. Quintuple whammmy?

Ive a friend investing in leasing less than desireable gas wells, tapping to generators and plopping down premade bitcoin mining ISO containers for bitcoin generation. I like the idea of redirecting flare off for bitcoin production but use of clean power for mining … bitcoin is a resource dump and misdirection of wealth…IMO.
Interesting theory and I’ve never really understood why it would require as much power as it does to create an intangible object.

It would make a helluva cover for a marijuana grow house though
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