Maker of First Bitcoin Mining ASIC Acquired for $466M

Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by vessenes on Monday June 13, 2016 @09:45AM (#11893786)

Thanks for this context also.

There are some capex issues with scaling up that farm, and I bet you aren't costing your own time in there. But, I hear you that it's possible, and it's interesting to hear that $.05 fully loaded is possible outside of government subsidy situations.

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Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by mrb on Monday June 13, 2016 @01:00PM (#11895397)

No, I did not count my labor. It is true that capex and opex of mining gear is well-known and can be calculated so as to be profitable in and of itself. However knowing how to manage all the other costs (labor + capex on the DC itself) is what distinguish good mining companies from bad ones. IMHO these areas is where KnCMiner made the biggest mistakes. Just compare a picture of a KnCMiner DC vs. a Chinese DC and you will see KnCMiner did not try hard to build cheap DCs...

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Re:Maker of First Bitcoin Mining ASIC Acquired for $466M by vessenes on Wednesday June 15, 2016 @05:54PM (#11912452)

We ran two different ones; one with engineered fire suppression and custom airflow, and one with a bunch of fans from the equivalent of Walmart. The walmart guys ended up with a lot more of our business. :)

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