The Graystone Company, Inc. (GYST)

[surfkast]

Why the claims are not believable.

They claim to be buying/installing 25 units. The average cost per unit is about $11,000. So 25 $11,000 is $275,000.

The average energy cost is about $3,000 per year so 25 X $3000 is $75,000 per year.

Average profitability is $10,000 per year which is $250,000 per year.


So right off the top they will lose $100,000 just on the mining operation in the first year.

Then throw in the other costs such as General and administrative and the numbers get worse.

Food for thought:

Where is their mining located? Certainly not at the UPS Store.

So where are the miners and what did it cost to set up the operation. One can't just put in a few sockets and plug in the miners.

Here is an example of the requirements.

This unit requires 2x 220v NEMA outlets, a single 2 pole 20 amp breaker per unit feed a 220v-240v line. 2 240v 16 gauge 10amp rated digital ballast cords are required to plug into the Antminer’s attached PSU.

https://www.viperatech.com/product/bitmain-antminer-s19j-pro-100th/