Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: sirty143 on April 06, 2024, 06:43:43 AM

Title: Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Produc
Post by: sirty143 on April 06, 2024, 06:43:43 AM
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March... See more for yourself here (https://news.bitcoin.com/bitdeer-utilizes-chip-giant-tsmc-eyeing-60m-in-bitcoin-mining-equipment-production/).

Your opinion is greatly appreciated.
Title: Re: Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Produc
Post by: Stompix on April 06, 2024, 04:28:02 PM
Hmm, I would have expected a better number from them

Quote
As we previously announced, our self-mining operations at our Gedu [data center] experienced curtailment during the first quarter due to seasonally higher electricity prices. However, we have secured a price of approximately $0.0425 per kWh for the Gedu [data center] for the remainder of the year starting on April 1, 2024.

If they can't secure in better price with hydro at the start of the monsoon it's going to look pretty bad after the halving with no price increase, plus they are running on customers' funds, so they need to price their service attractive, just above cost line means no buyers for their plans.


Title: Re: Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Produc
Post by: philipma1957 on May 17, 2024, 04:53:27 AM
Quote from: Stompix on April 06, 2024, 04:28:02 PM
Hmm, I would have expected a better number from them

Quote
As we previously announced, our self-mining operations at our Gedu [data center] experienced curtailment during the first quarter due to seasonally higher electricity prices. However, we have secured a price of approximately $0.0425 per kWh for the Gedu [data center] for the remainder of the year starting on April 1, 2024.

If they can't secure in better price with hydro at the start of the monsoon it's going to look pretty bad after the halving with no price increase, plus they are running on customers' funds, so they need to price their service attractive, just above cost line means no buyers for their plans.

4 cent power is good. Just depends on the gears efficiency.