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  • Technology

    Bitcoin mining rig could be tenant substitute

    Hi Lumbworth.

    You are unlikely to need a cooling system for one or two of our rigs. Check them out. Easycryptohunter.co.uk

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    My brother runs 12 cyber cafe, each has about 150 to 200 PCs (total about 2000 computers). Mostly for gaming and esports activities, already very profitable. When the computers are not in used by customers / "logged off", they are programmed automatically start mining crytocurrency. On average $2 every 24 hours per computer mining.

    Quite efficient way of mining as it is actually just a side income from his main business.

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    I like the idea of the rigs but the massive use of electricity to 'mine' something virtual doesn't sit well with me I'm afraid.

    I also wonder how these high-end rigs will depreciate over time. Will a 3 year old rig originally costing £10k have any residual value?

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    Regards the coins being virtual....so many things dont exist physically now, including most of the money in the world.

    The coins hold a market value but are also linked to the success of the technology/company they represent and so in this way are not completely dissimilar to shares, which you can also claim are 'virtual'.

    Currently the depreciation is very low as the 1080ti gpu cards are still sought after by gamers and so the parts can be sold off seperately.

    Who knows what they will be worth in 3 years, but if the market and technology move forward aa expected by many, you will have made your investment back from mining several time over.

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    where can an absolute beginner read WTF this is all about?

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    Pm you with the following link.

    This is the company I work for .

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    "Money making machines" - hmmmm - why would sell a machine that makes money?.  It's like selling the six numbers to the £43 million pound lottery for £10K.

    I'm out.

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    People sell all kind of things that make money - is this different to eg selling lorries, ladders or sound rigs?

    The people selling them could go into the business of using them, but they can have an alternative business line selling and managing the kit.

    Isn't this just about where the comparative advantage lies? The same goes for letting agents.

    I think it is interesting as a sink load for a solar array if you do not have eg a Sunamp Heat Battery or a Thermal Storage Water Cylinder setup. It will make sure that you use 100% of electricity you generate.

    Matt

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    Interested how you are getting a figure of £30 a day Ben, I am using the calculator you mentioned in the presentation (and others), they're coming up with around £5 a day.

    Genuinely interested as I hold coins.

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    Hi, I have not quoted £30 a day anywhere

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