tag:blogger.com,1999:blog-4779620886549453292.post1359987573084932478..comments2024-02-25T04:45:14.924+02:00Comments on Scam Detector: Miner One – moving to shipping containersAri Widellhttp://www.blogger.com/profile/08889226197358610337noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4779620886549453292.post-88707657910355990612018-06-07T15:15:24.619+03:002018-06-07T15:15:24.619+03:00I didn't mean that while moving containers the...I didn't mean that while moving containers they would generate negative cash flow. I meant that having a shutdown causes lack of profit, and mining is the only source of profit Miner One would have. And we are not talking about just profits but substantial ones (estimated ROI in three years 471 %). Hence savings in electricity costs should be substantial as well to make a movable mining farm a reasonable alternative.<br /><br />But let's play along with the idea that an increase in the cost of electricity would be meaningful. <br /><br />The structure of the output distribution by Miner One's white paper really makes the existence of a barely-breathing mining farm obsolete. Hence it just seems irrational to start to move around a mining farm at a point where the cost of running it surpasses the profitability – or even if running the farm was still barely profitable.<br /><br />Miner One has been advertising the whole time how the cost of electricity in Luleå is very low and the climate so cold that it's ideal place for mining. That been said, going unprofitable would be more likely due outdated mining equipment and not because of cost of electricity. However, according to the white paper of Miner One 23 % of monthly net output is going to be reinvested to maintain the efficiency.<br /><br />Oh well, we are arguing about details of something that isn't even happening yet – if it ever will. Nevertheless, it's interesting to see how this charade proceeds from now on.Ari Widellhttps://www.blogger.com/profile/08889226197358610337noreply@blogger.comtag:blogger.com,1999:blog-4779620886549453292.post-85240539887237061142018-06-04T22:58:53.090+03:002018-06-04T22:58:53.090+03:00While Inagree that the whole thing sounds like a s...While Inagree that the whole thing sounds like a scam (and like something built up by clueless people at best), the moving of containers would not generate negative cash flow.<br />If the electricity was costing more than the value of cryptos mined, it puts you to “zero gained, zero lost” state to plug off the - erm - shipping containers. Staying in a location where electricity costs too much just makes you lose money every second.<br /><br />(Outside that the idea is between hilarious and idiotic.)deckfromacardhttps://www.blogger.com/profile/11549491132799214804noreply@blogger.com