Member Info for Cryptominer

Why to wait 2 weeks for switch on the mining DC?

Dear DMcG54 please tell me exactly the Euro/kWh green energy cost in Italy for on site consumption. In business it is important to have sure data not thinking...

In mining is fundamental the energy cost so why move the DC from the Serbia Euro/kWh 0.04 to Italy at average 0.12?

This is the best idea regarding making money from the data center. Furthermore 64Bit is no more disponible at running the miner of Miner One.

I was a miner so I know the topics. The DC value in Serbia is ZERO. If CL wants to restart to mine MUST buy new hardware but before it needs a place with energy cost near zero. Consider that many big mining companies started to sell BTC for paying the energy bills!!!

First: Is Tesla investing in mining BTC? No. Is Miner One investing in Mining? Yes. Is Tesla investing in Buying BTC? Yes.
Is Miner One investing in Buying BTC? No. Who is right? Second: What is the total hash rate of more than 30 SHA 256 miners in the Data Center? About 300 Th. What is the total hash rate of 3 new Bitmain S19? 330Th. What is the total energy for the 30 miners in the datacenter? 45Kw. What is the total energy for the 3 new Bitmain S19? 9 kW. What is the price of 3 new Bitmain s19? About 11.000 USD. Conclusion: First: The DC is a wreck and it must be sold hoping to take 1.000 Euro as Mobile Office. Second: Having money follow what do Elon Musk (Buy Bitcoin).

Again: Stop thinking mining. Look at https://www.asicminervalue.com/ for bitmain s7, s9 and l3 model that are in the Datacenter. You see that are in negative and there are not included managing cost.

smacks is right. Please stop thinking restart mining. Now it is a business for already running (tens of DC) big highly specialized companies that can have electricity at near zero and have the possibility to have thousand of new miners as soon they are made.

Do you have an idea of how many Datacenter, so ten millions USD investment, time for the construction, MW of electricity, ecc... are necessary for mining 1.000 Bitcoin in one year? The actually most powerful sha-256 miner Bitmain S19Pro now is expected to mine 0,36 BTC year consuming 3.250 Watt. Reflect before speak!!! Furthermore consider that the Miner One Datacenter now is a wreck with miners that can only be used for doorstop.

Sorry but I don't understand... What does it means "All 3 of them" ?

Where are the cripto mined by the Data Center? CLP or Miner One MUST have the cripto wallet contaning Bitcoin and Litecoin mined.

Dear Timmit you are right!!! All the miners in the datacenter (only Bitmain S9 for Bitcoin and L3 for Litecoin but no Giant X10) NOW are wrecks with only value as doorstop. However when operational the DC mined Bitcoin and Litecoin that must be, less the 64Bit share, in a CLP wallet.

Dear johnnybbad there is no possibility to have 1 Euro with the CL crypto mining wreck datacenter and regarding the other CL positions I agree with you. Really someone think that CL have money from Italy in a short time?

The cripto miner datacenter, that now is owned 100% by CL, is still in Serbia and because the hardware was not updated is a wreck with no value. Now the question is where are the Bitcoin and Litecoin mined when the DC was working? I have not seen RNS showing the two wallet addresses that MUST contain these BTC and LTC. Someone has the info?

At the moment in Italy there are already 96 Crowfunding Platforms: https://www.economyup.it/startup/crowdfunding-tutte-le-piattaforme-attive-in-italia-e-come-usarle/. Chance of profit for CL or another source of income for FG that is in the Comitato Scientifico???

Regarding:
AS: And looking at opportunities in the crypto space as well?
FG: ..... we managed to buy back 50% of the investment for €1 and now we are looking at partners who are in the crypto sector who will basically take care of this data mining facility and put it back into production.
The reality is that the DC now is a full wreck with 2 Euro total value because the income from mining are not sufficient to pay the electricity bill so full economic disaster but I m curious to know the name of the partner....

Dear LtdAxis where do you get the info regarding Marco Mirra: "This is the guy that totally messed up the whole miner one venture"?

I wrote: Question: Why if I have the possibility to cash in the near future 10,8m + 238k I sell all for only 50k? Probabily Answer: I know that I never will get 1 Euro so I cash 50k!!! It must be known that in Italy it is possible to wait years for a court settlement and then who wins has quite no possibility to be paid (the funds very often disappears or open an court appeal). It was better the reverse solution and stop the cost that are running.

Question: Why if I have the possibility to cash in the near future 10,8m + 238k I sell all for only 50k? Probabily Answer:
I know that I never will get 1 Euro so I cash 50k!!! I find this situation very similar to the DC miner acquisition for 1 Euro from 64Bit. Question: Why they sold it? Probably answer: Because 64Bit know that now it is a wreck. I agree with jonnybbad: Company is a disgrace and should be shut down.

OK I agree if Argo have bought the new Bitmain S17 pro (now sold out and I guess CLP what will do with the obsolete DC just bought) this is a more efficient hardware than Bitfury (Hut8).
My only doubt, knowing that this is not an easy job plug and play, is the Argo staff capacity for making operative while Hut8 is running from years.