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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: sirty143 on December 05, 2023, 11:48:11 AM

Title: Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH
Post by: sirty143 on December 05, 2023, 11:48:11 AM
Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s

(https://i.imgur.com/wiyYYZam.jpg)

The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit... See more for yourself here (https://news.bitcoin.com/bitcoin-miner-riot-secures-66560-microbt-asic-miners-to-boost-hashrate-by-18-eh-s/).

Your opinion is greatly appreciated.
Title: Re: Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH
Post by: philipma1957 on January 24, 2024, 02:47:48 AM
WOW 66,000 machines doing over 250th each. All liquid cooled. Very serious numbers. I am not sure that will happen but it looks like a serious move along with 75,000 more machines.

Have to see what is going to happen to price.
Title: Re: Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH
Post by: Stompix on January 24, 2024, 12:48:55 PM
Quote from: philipma1957 on January 24, 2024, 02:47:48 AM
WOW 66,000 machines doing over 250th each. All liquid cooled. Very serious numbers. I am not sure that will happen but it looks like a serious move along with 75,000 more machines.

The halving is going to be brutal Phil:
Quote
Riot has also updated its agreement with Microbt, securing an option to purchase an additional 265,000 Whatsminer models from the firm

They are aiming for 100 Exahas on 2025, they pay $16/th for gear, they run on average 4cents/kwh and they run on investment money with currently outside those purchases 22 million rolling operational debt. So, how can one no longer compete with them as that's long gone, but simply survive?
Title: Re: Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH
Post by: philipma1957 on January 24, 2024, 05:33:18 PM
Quote from: Stompix on January 24, 2024, 12:48:55 PM
Quote from: philipma1957 on January 24, 2024, 02:47:48 AM
WOW 66,000 machines doing over 250th each. All liquid cooled. Very serious numbers. I am not sure that will happen but it looks like a serious move along with 75,000 more machines.

The halving is going to be brutal Phil:
Quote
Riot has also updated its agreement with Microbt, securing an option to purchase an additional 265,000 Whatsminer models from the firm

They are aiming for 100 Exahas on 2025, they pay $16/th for gear, they run on average 4cents/kwh and they run on investment money with currently outside those purchases 22 million rolling operational debt. So, how can one no longer compete with them as that's long gone, but simply survive?

yes it is.  even though I have cheap power I simply do not have enough power to compete.

320kwatt transformer is all she wrote. so 225-250 kwatts for mining means 250/4 = 62 s21's max.  with cooling costs of the box say 60

60 x 200 = 12ph and that is really only 6ph due to the ½ ing. Very tough indeed.