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Thats what happens when you mismanage a company, take high salaries and spend top dollar on electrical infrastructure that could have cost less if supplies would have been sourced and bid out properly.
This is another reason why a adaptive reuse model is cost feasible and saves alot of money using existing building shells and even taping into the secondary overstock / liquidation markets. Maximize every single dollar.
Not sure if this matters but I checked LinkedIn and Northway hired a COO with strong datacenter background.
Investor2004 isn’t the Northway COO the same guy behind TFVR’s mining operation from Cologuard?
Playing devils advocate here but bringing on a major datacenter player with a mining background, and a understanding of the math / science behind mining at hyper scale is a sign the company is going in the right direction don’t you think? He can’t come cheap.
Playing devils advocate here but I heard a company in Upstate NY has been shopping around ringing phones actively recruiting for some heavy hitters in the datacenter space. Could be pure coincidence but my hope is that the powers to be at RCGR see a opportunity to have a real play with assets and want to make a splash in a sector that is normally quiet and full of “IT in-house pocket protectors”
Just my thoughts conduct your own due diligence .
I build crypto mining operations for private investment groups as well as pub cos I can not disclose throughout the US.
Me and my team are booked till the end of September building site as small as 4000 sqft to as large as 65,000+ sqft, and starting to take deposits for October...
To me my booking schedule tells me Crypto isn’t going anywhere and the fun is just starting. Hold the course!
Just some food for thought. I have seen a trend here with other pinks execs, they are getting old & tired and Crypto / Blockchain in its many forms has given them a legit (as close as legit can be) product / service to offer / sell, one last run hopefully by the book so they can retire and enjoy their gold years on a beach selling trinkets or fishing.
Anyone ever think that maybe this is his last go at it with something real?
Think about it.....
No idea but what I do know is that the average national MRC for S9 miner hosting is between $90-$150 per month and $125-$200 for hosting per 6-8+ GPU rig.
Guessing the secrete blind spot of Update New York isn’t so secret anymore. But from what I can tell Northway set them selves up as a datacenter hosting provider to work the loop hole / datacenter immunity clause in the New York State Public Utilities commissions legislation resulting from the Plattsburgh miners.
This is going to be a interesting one to watch!
A longterm hold approach like a 401k / retirement fund seems more practical for Bitcoin in my opinion since its not practical for credit card / debit card purchases due to 7% fee for 6th block 1HR verification to as high as 10-30% for next block 10 minute transaction validation time. That also not taking into account Bitcoin volatility.
I don’t want to shop at a store and wait at the stoee and pay a high fee for the cashier to tell me its paid.
There are other crypro coins that are more stable with faster transaction verifications times and lower fees.
Agree... power buy rate and efficiency are key components to maximize profits.
The best purpose built crypto hosting facilities capture & dump the heat generated my miners.
The first millionaires of the California gold rush were the guys selling pick axes and shovels; datacenters are no different they sell space & power. So who do you think makes a majority of the gross profit from crypto miners; the hosting facilities! Just my two cents.
@Maniana... JR would be selling higher than last week; but I say HOLD till high 7k-8k cause thats when I see some BTC Crypto profit taking... thats my opinion.
But I’m not a broker/financial advisor so it’s important everyone does their own due diligence.
My hope is all the fintech dude bros have enjoyed their vacations in Cabo or where ever the hell they have been the last few weeks, we can get back to Crypto business and that this bull run is a long one to “the second star to the north and straight through till morning”
BTC back above $7k and ETH back above $500
Crypto market finally got it’s second wind.
Guess JR was right about positioning his mining assets during the down market so they were in place for a crypto bull run!
Let the games begin!
Guessing Flitways and Global Clean boards aren’t as active so you came back here to throw some shade.
Do tell me; how did it feel when you came back to this board and you realized everything you thought you knew about crypto mining was “miscalculated” and didn’t matter. For a brief instance you came to the realization of how tiny of a hash your 40 GPU’s are amongst the big players in crypto.
If it makes you feel any better even I am tiny compared to even larger miners but my track record, knowledge, reputation, and engineering background along with my desire to openly share knowledge is what makes me stand out amongst my industry peers.
@Maniana I private messaged you my email, let talks and share knowledge. I am always looking to network with other miners & mine managers.
In reply: “That is really why I am here. Not totally sold that this farm is ultimately about mining cryptos....but rather may be for other purposes. Your thoughts?”
GPU’s have many applications & purposes. Crypto mining is 1/5 of the possible revenue streams from GPU.
These same GPU’s can be used for AI Deep Learning, CGI & Video Farm rendering, Image Analyst, and Scientific Calculations.
The above are the most popular GPU compute power sectors but there is a 6th coming to market to serve the exchanges and protect them from double spend attacks, which happened to a exchange in May through the Bitcoin Gold Network: https://www.ccn.com/bitcoin-gold-hit-by-double-spend-attack-exchanges-lose-millions/amp/
I won’t go into to details as this is part of a proof of concept I am developing.
But what I will say is that GPU’s open the doors to so many more possible blockchain and non-blockchain revenue streams.
What is important for people to understand however is that blockchain & crypto mining via ASIC’s or GPU’s isn’t rocket science when small, but when scaled it does require a understanding of electrical engineering (high voltage/amps/ phase balancing/step down transformers/electrical loads), hvac (btus/cfms/rtons/positive & negative pressures, understanding air flow in certain mediums), architecture, thermal dynamics, and applied physics.
On the IT side of the coin systems engineering in Linux and ability to compile code from source is required to maximize efficiency.
So based on everything I see JR/TFVR & CG are laying the foundation for something bigger than just mining.
In my opinion they seem to be heading in the right direction so far with a solid base to extend into multiple blockchain networks for mining and supporting services / apps.
@Maniana
For your GTX1060’s @ 23.5-24.5 MH/s
-250 core
+1300 memory
80 watt power limit
Should put your core at 1480-1506/ your memory will be at 4452
Same as 1070’s apply: Using ethminer 0.14.0.dev3
You have to use the follow string to leverage the cuda parallel hashing.
-U -RH --verbosity 9 --report-hashrate -HWMON --farm-recheck 500 --cl-global-work 18432 --cl-local-work 256 --cuda-grid-size 8192 --cuda-parallel-hash 4
You know so very little.
GTX1070’s at 32+ MH/s
-50 on core
+1200 on memory
110 Power limit
That will put your core at between 1417-1430 / memory at 4404
Using ethminer 0.14.0.dev3
You have to use the follow string to leverage the cuda parallel hashing.
-U -RH --verbosity 9 --report-hashrate -HWMON --farm-recheck 500 --cl-global-work 18432 --cl-local-work 256 --cuda-grid-size 8192 --cuda-parallel-hash 4
For the 1080ti’s to get 55-60MH/s you need to use Ethlargement Pill application to compress and run multi threaded miner application, claymore miner 11.8 with the settings below:
-150 core
+750 memory
165 Power Limit
@Maniana please stop giving misinformation, or information you have no clue or understanding of.
For the record, I am a Mega Miner with over 10,000 GPU’s and thousands of S9’s under my management. I’ve built, designed/engineer and consulted for many large crypto mining operations.
I see you have learned a lot with your 40 GPU’s.
I mean I don’t want to start swing my junk here but you are a single hash in the world of blockchain and know very little.
But if you want to learn, I’ll give you a golden ticket and a tour of my Crypto Chocolate Factory.
The proof is in the pudding, and I have a lot of it!
I have to disagree with you here.
Now is the time to build up your front line, increase your total hashrate, and mine to hold. The GPU shortage is over and price have dropped.
Build up a war chest of held coins then once the market rebounds sell high for maximum profits or partially trade some of the ETH coin for other crypto such as ETC or BTC.
Hello sir. Your calculations are slightly off. 192 GTX1070 GPUs from phase 2, plus 1008 GPU’s for phase 3 w/anchor tenancy special colo pricing.
GPU’s pull 32.5-34MH/s x 1200 GPU’s 40,800 MH/s
With 1 ETH = $441.74 they will gross: $36k per month just for the GPU rigs!
Keep in mind any good professional miner worth a dam is going to under clock the core and over clock the memory as well as set a power cap at 95-110watts depending on the environmental temperatures.
In the case of CG they deploy cold air containment, essentially putting the “GPU’s on ice” maximizing efficiency at a reduced power consumption rate.