This farm is the exact farm I was trying to create 3 years ago. Many people wont understand the level of expertise that is needed to setup something like this. Not to mention the expense which is one to the factors that ultimately held me out. The other was not having an industrial or middle of no where to be able to setup. Then the third was the realization that the electrical needs are beyond my scope of understanding and require expensive professionals along with expensive equipment with long lead times. Congrats to this gentleman for making the dream work.
It's not that complicated electrically. Its just a lot of power as each machine used 3000+ watts. Coming from building commercial grow rooms for the marijuana industry building mining setups like this is a walk in the park.
@@attribute-4677Not when you calculate the the Accelerated Cost Recovery depreciation methods recognized by the IRS, coin miners typically deduct the value of their rigs over a span of three to five years. The same can be done for most of the infrastructure costs. Some states have very favorable tax structures as well. What is baffling to me is why this was not co-located where the thermal energy could be used?? As energy can neither be created or destroyed they are basically pumping 1.4 megawatts or 4.8 million BTU of energy into the air. This is enough energy to heat a 100,000 sf building, or about 75% of a Walmart.
@@attribute-4677 gamblers, look at amount of huge miners that went bankrupt this and last year. At this point ist not fun anymore only institutions can keep run it but not long as every halving is like kick in the balls. Hashrate going up because old miners still can make some profits if you have cheap energy but after halving all those miners will be pure junk.
Very professional buildout. I've worked big industrial setups and fiber networking, 3 phase power distribution, and beautiful plumbing is quite the asset.
I'm A Industrial Pipe Fitter/ Master Plumber love to see this, some really serious cooling systems I've installed similar but not for BTC Miners. Awesome
People fail to realize that this model, destroys the opportunity for the regular guy to do it....Sheeple are asleep sheeps until they get slaughtered...
That's one of the "risks" of decentralisation though?@@WineHouse33 anyone has the opportunity to go big if the market allows them to. What would your suggestion be then for these "sheeps" that are asleep (ie. just enjoying quality crypto entertainment content?)
quick math 46PHs = $2800/day - $2200/day electricity bill = $600 daily benefits 😢. How did he manage to be profitable and cover other cost and investment ? What after the halving if bitcoin do not x2 ?
I listened to a guy in a podcast who was into mining and he said one important point is, you have to get in when it's bear market and the hardware is cheap and make the big profits in a bull run if you want to be profitable. But still I think its a hard business to get in to.
@@Alexsh842 i agree to buy hardware during Bear when it is cheap. But why would you run it if it is not profitable. Better wait. Obviously with my maths he cannot pay employees and other cost with only 600$ benefits per day.
Hey I am from India .I had contacted DCX. They said to deliver product , but how trustworthy the company if I paid all cost in advance ? What is your method of purchase.? What is the process of purchase the miner ?
Vosk eeprom tool that guy has I have the same one and you can use it with a PC and also swap the default language to English, ASIC repair is not hard once you learn what all each chip does and using the error logs to point you in the right direction.
In industry, that's not a bad ROI on capex. Scaling is costly. And even once "paid back", lots of the equipment still has value, though the miners here will be spaceheaters/e-waste worth a few bucks a pound.
he proofs with running electrical hardware inside water and in the way that it should not run at all. that you can make it to run. i just wonder how long it will. cause this water environment is technically having conductive characteristica as well. meaning it could interfere from one mining hardware into the other via a shorted circuit. creating power surges in the grid. the ones that can damage the hardware. Not sure how safe it really is therefore. not freezing of the water is also one thing. but what about corrosion? this as well can damage the boards and them no longer running properly. the idea is not a bad one. but maybe adding some additional device that can buffer towards such problems also inside the water would not hurt. if it is not existing yet. it should be build. this has a lot of potential towards every mining hardware on the long run.
Solar power and BTC mining don't go together. BTC is too power intensive! The amount of money you need to invest can never be returned. Not to mention the space needed and so forth. Believe me I tried to find ways to make it work. Geothermal would help some with cooling though.
These were my thoughts as well, It's a waste of heat. It's a great setup with the liquid cooling, it would be nice to recycle the heat and have a second source of income
Hey Vosk, good video. Next time though can you ask some questions on how they mine with such a farm. I am curious if they go all in on solo mining or split it up to guarantee some coin. It sounds like money constraints is a driving factor, along with power of course, as to the size they shoot for. It be interesting to also see the things they had when they started. Things like what professionals were already on the team, who they hired and how much money/financing, etc. I know these get personal and some might not want to share. I heard him mention he had either owned or worked in air cooled centers prior to. So there was some experience entering it. The programs he has running he made is huge advantage. I smacked my head many a night trying to figure out if a program could do what I wanted and how much it costs. I never thought about creating my own. Dude is a true legend. But one thing to note is the smaller cooler are not good for residential unless you live in a colder climate. As the fans go to max they get quite loud. I have an original cooler, maybe new fans are not as big. But typically the faster they spin the louder they get. Also there are a lot more question I be curious to ask as to the prep of his miners. In immersion, many pull off fans and add spoofers to fool miner. I am curious if they did fans to power supplies too. Also if they had to change up the bus bar config or not. By looks it appeared he did not. Immersion is cool, flow is really important, and to hear him state some problems made me feel better. I had many of the same issue. Some days it made me feel it was me. With Immersion still being relatively new, there is not many tutorials on how to solve things or issues that will arise. Its all trial and error and hope you don't blow nothing up in the mean time. lol. Great video though!
15:15 they pulled the fans. He also noted they use Braiins software and the benefits of mining to their pool. If you watch the interview with the owner (different video) you can tell he is a little concerned with profitability in the current environment. As such I have never seen a commercial miner solo mine, but I'm sure there is one. The strategies of a commercial miner and hobby miner are not even close. Commercial miners have to execute with certainty to the financial models and business plans for the project. Whereas a hobby miner may gamble with solo mining even though this has happened less that 200 times.
46 Petahash / 60 s19 miners = 76.6 TH per miner. There's something going on at this farm this guy isn't telling you about. They have serious heat problems throttling them that causing them to derate the machines.
I am going to be that guy but us at Vnish do Autotune on all our models. We actually invented AutoTune in early 2018. On another note holy crap this is a really clean farm also your management software you built is great. You would be surprised how many large miners don't have custom stuff like this mad. Kuddos to you it's really great keep up the good work!
We used Vnish a while ago and didn't recall the AutoTune feature. We liked the firmware but ultimately switched since we had so many AMLogic control boards. Certainly would recommend other miners take look at Vnish. Appreciate the comments about our software.
@BMAEnterprisesInc I have some experience in this here is something to consider, you should have run the dielectric oil out to the cooling tower. The additional heat exchange is costing them 10% of their cooling capability mainly temperature 🌡 but also btu capacity. If they did a supply and return well and pump ground water thru the heat exchangers they could eliminate the cooling tower and use 50-60*f water to cool the tanks. Way less power consumption on a well pump then all those cooling towers and the loop pump.
Delivery guys dont care. I ordered 2 Rhode and Schwartz spectrum analyzers for $150k apiece. I watched the shipping guy on camera set one down, use the one in his arms to open and hold door while he kicked the one on the floor through the door. They both worked fine. So no harm no foul I guess.
They should have run the dielectric oil out to the cooling tower. The additional heat exchange is costing them 10% of their cooling capability mainly temperature 🌡 but also btu capacity. If they did a supply and return well and pump ground water thru the heat exchangers they could eliminate the cooling tower and use 50-60*f water to cool the tanks. Way less power consumption on a well pump then all those cooling towers and the loop pump.
More than likely you cannot do that because you run the risk of contaminating the oil and causing short circuits in the equipment. Not to mention the extra cost of all that extra oil needed to fill the pipes and cooling unit.
If I wont the lottery... there would be signs. Also, when speaking about the transformer, it's nice when third parties work with you because it's beneficial to both parties.
Im still fuzzy on how Bitcoin is being mined. I get that the machines are running an algorithm, but how do you get rewarded? Is it all by chance? Or is it relative to your computing power? The more you add, the more you make? Or just the better chance you have to get rewarded?
Think about it as a global scale lottery, that gets won (solved) every 10 minutes on average. The more mining power (hashrate) you have the better the chances that you will be the winner for that 10 minute slot.
mining is ledger hosting. dude gets paid in coin for keeping the hosting operation running, the thing is bitcoin is not infinite so eventually these 'miners' will be working for transaction costs since there wont be any coins to 'mine'. thats when the blood bath begins as liquidating the coin will come at a high price. operations like this cost tens of thousand a month in facilities hardware insurance and operations costs.
The temps are census and not Fahrenheit! If you had to run the miners at 60f-70f you could not air cool them… even water cooling them would be nearly impossible!!!
Nice setup. Hard work. DCX flow dynamics is not optimal. Also the maintenance is a horror show with tens of small heat exchangers and manifolds. DCX immersion oil also used to be white mineral oil (Group 3).
In that short sentence, you are 2 times wrong, and you provide misleading information. Dual loop systems are much better for maintenance reasons (you can just close one small loop if needed) instead of switching the whole installation, not speaking about the major failure and losing all the fluid from the whole system. In some requins single loop systems, it's just forbidden because of environmental restrictions. ThermaSafeR is a fully synthetic dielectric fluid, it's even not made of oil (hahaha) - if you're not sure, don't mislead others
2200$ for electricity and you get 2800$ if you are lucky....with some added cost he is around 500 bucks a day which a TAXI driver can do in a day. WHAT IS THE POINT.
This is small baby. Chinese have the biggest farms ever built. BUT! Not only that price is wrong to build it today- but the amount of available coin, due to overmining is shrinking and shrinking. Meaning soon they wont give more then $0,000000something per calculation. Have fun having these with rising electricity cost from all the green people.