Quote:
Originally Posted by p911dad
Greenridge Generation recently bought and started operating a shuttered 44 MW power plant in Central NY State with the express purpose of powering their 23,000 mining machines and selling the excess power to the grid. Free market in action. How this affects the coin industry I have no idea but this is an interesting hedge. "Blockchain resources for the future" is their slogan.
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The issue is the investment in the Mining equipment. It can pay itself back in a short (3 months) period of time and be cash flow positive in 3 months. Even at 1/4 the Bitcoin price ($27K), you pay the equipment back in 12 months.
Honestly, my biggest issue here is if you are setting up the gen-sets from scratch, you'll need a fuel source that is cheap and you need to get all of the permits. County construction permits are easy. The problem is cheap fuel and the air-permit.