raven2016

Can we get back to the main topic? Are there real benefits to mining in the US compared to other countries?

You’re talking about different situations here. If you’re running a business in NY, some items might be tax exempt. If you’re buying for others, it could be taxable. It’s all about how you structure your business.

Maybe, but you need to figure out its value first. It can get a bit complicated.

1) It varies a lot based on how you handle your sales and expenses. No simple answer. 2) I heard hydro power rates were around $0.03-$0.04, but that was a while ago. Seems like NY is getting stricter on this, though.…

Check out asicminervalue.com. It's got everything you're looking for!

Honestly, try finding a mining operation going under and take over. Sub 5 cents is tough to find now after the gas market took a dive. Good luck finding warehouses for rent to fit 1 MW. It's like searching for a unicorn.

The science behind this has been around for over 200 years. If generating cheap power was possible, someone would’ve done it by now. Building flywheels for just 1 megawatt would cost trillions. Better to invest in more…

Most US mining is centered around just a few states like WA, TX, NY. But that’s changing. New farms are popping up Midwest and Southeast where power is cheap. I moved to NC for better rates myself.

Honestly, there aren’t any good ones. Best bet is to look at public utility tariffs, plug the numbers into a spreadsheet, and then just call the utility company to confirm everything.

A lot of price comparison sites aren’t that reliable. ElectricityLocal.com is particularly bad. Commercial rates are totally different from residential ones. Miners are more concerned with energy costs than delivery…

So, if you look into it, the commercial power price for around 1 MW load is usually between 5 and 10 cents in most U.S. cities. A few spots are cheaper or pricier though. Places like Washington and Texas are on the…

I’d steer clear of immersion unless your operation is big or you're experienced. Machines don’t perform well when overclocked in hot conditions. It’s a bear market, so underclocking might be the way to go.

Absolutely agree! ASIC vs GPU mining risks seem similar, but GPUs have historically better returns. Curious about profitability after ETH 2.0; I fear it might drop like in the 2019 bear market.

Why not check out the other Georgia? You know, the state in the US? Power prices can go even lower if you use 1MW or more. There are some good examples of farms from that area.

Yeah, that’s gonna flop hard. If it worked, we’d see them everywhere.

Honestly, it's gonna produce even more heat than that. Most gas generators are only 25-30% efficient. So expect over 11 kW heat output. Lowering power on your machines seems like the easiest fix.

Why not just lower your equipment's power settings? You could save 20% power without losing much hashrate. Seems like a win-win.

Right? Even a natural gas generator is gonna cost you at least 11¢/kWh. Better off finding a small warehouse to rent. Look for one with at least 400A three-phase power. You’d get a better electric rate too. Just check…

Honestly, hot/cold aisle separation is tricky with GPU rigs unless you have fans on the racks to push the air where it needs to go. Plus, a barrier between the hot and cold zones is essential. About your fan situation,…

Haha, I’m a newbie too! Thought the Bitmain S17/T17 series was a smart choice because of the price and efficiency. But after reading some threads here, I realized I messed up big time! Should’ve gone for T19 or a used…