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Started by applesauce, January 31, 2012, 11:55:37 PM
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Quote from: vziard on February 01, 2012, 01:04:56 AMif we set it up in the DC we'd need a system that could hash 1 block per week on average, making ~$1111/mo (already over the cost of the entire rack lol) ---> 3 systems mining 12 blocks/mo = ~$3333/mo ---> move to our own rack, no bandwidth but premium power, full rack of systems mining 48 blocks/mo = $53328/mo (net). Buyout some small btc exchanges, rebrand as BTCNext, weight prices better than anyone else, SEO, BOOM RICH do your eyes have btc signs in them yet??
Quote from: applesauce on February 01, 2012, 01:23:39 AM1 block/week would be ~9.3 Giga Hash/s, which is more than any single machine can produce. 2-2.5 gh/s is about the max from what I can find...that would be pretty expensive to get 4 of those, and it would take a LOT of power (actually probably right around your 4.8 Kw limit).
Quote from: applesauce on February 01, 2012, 01:31:50 AMYeah, based on my rough calculations, to mine 1 block per week on average it would take 4 systems each with 6 cards, pulling about 5.6 Kw in GPU alone, and costing about $4,300 in (used) GPUs.
Quote from: vziard on February 01, 2012, 01:35:38 AMprobably so. 1 block/wk wouldn't be necessary at all, just really nice, and the power is only about $700/mo so in the fantastical situation where we actually did this, supplying the power would be relatively inexpensive and no trouble whatsoever (it's a dc, after all) I mean yeah it's not feasible to make $50k/mo mining bitcoins, especially because it's not easy to just convert a large number of them into cash, but this is definitely a viable scheme that could start profiting 5k/mo within 3 months of setup. I'll be interested to see how your dorm run goesthat's not even out of the question -- if we had a good way to funnel the coin into cash, 4 blocks per month would make somewhere around $1000/mo (at current rates, which are climbing steadily from when i last checked several weeks ago), which would be just about the cost of the rack. double that setup, and you'd have the startup capital made back in 2 months making unmolested profit on anything over $1000 thereafter, up to the rack power quota. damn solid business plan.
Quote from: MF Doom on February 01, 2012, 02:08:36 AMI'll invest!
Quote from: vziard on February 01, 2012, 03:31:02 AMthis would be the idea:[youtube]http://www.youtube.com/watch?v=eLt8Se3vVNg[/youtube]except in a dc with proper networking, cooling, security, and possibly in rackmountable cases to save space (but it's also possible to rent plain racks ((like literally just racks)) to put desktops on) if your numbers are right, a rig half that size could mine ~10 blocks/mo, $2,500/mo if converted directly to monies... less operating expenses like $1200-1500/mo profit, and the expense would be fixed as it grows; if you spent all the initial profit on new hardware it could be churning out 20 blocks/mo // $3,000/mo profit within a few months, then just sit back and let it repay the startup cost (which would be like $7,000 for 10 of those machines assuming you could somehow get wholesale 5970s), then do more cool shit.sorry i just like thinking about things like this lol
Quote from: applesauce on February 01, 2012, 02:30:19 AMIf you are still interested once we order things in the next couple days, we can figure this out exactly as to the percentage and such. How much are you thinking?