[kwlug-disc] Another Humble Bundle: Cryptocurrency

[Scott Frederick]

On 10/10/2017 03:54 PM, Ron Singh wrote:
>  Their electrical rates in central China are astonishingly low.

Other places where large scale crypto mining is done is Washington State 
in the US, where industrial users can buy power for about $0.04/Kw. 
Iceland, where low power costs are combined with cheap cooling. Various 
pockets of the former Soviet Union, similar to Iceland (cheap power and 
cooling).

If you can't get power for less than about $0.04/Kw you will be 
competing with those than can. Crypto mining is competative by design 
and margins are thin. I would look into coins that use memory intensive 
algorithms.

If your analysis is strictly financial you also have to consider the 
opportunity cost of not simply buying crypto with the money that the 
mining rigs would cost as the major coins are rising in value vs fiat 
currencies currently.
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