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Everything posted by scott1999
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wow That is a frightening story, If there ever was a surplus of money I will just give it to my daughter anyway who lives in England there are mining pools now where the day's profits week's profits and so on can be sent automatically to another wallet anywhere in the world so I would have proof that I'm not Receiving the funds. Again thanks for your input a troubling story
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Thank you Charlie for your detailed reply I'm a couple years into this now, and I think you're talking about the hash rate difficulty if too many miners come online at once. and I believe you are right about just buying Bitcoin and saving the electricity and the cost of the miners. But I enjoy mining Bitcoin more than buying it, it's great fun. Also, I enjoy giving it to the banks with their Fiat currencies continually devaluing any savings you might have. So it's all a risk, bitcoin could go to zero or it could go to 1,000,000 no one really knows. You are correct they are bringing out more powerful miners All the time but they don't seem to be as expensive as they used to be I think they've saturated the market now with miners. PS The s21s just got a pro Version coming out in Q3 or 4 240 hash. As for your comment about (if it was that easy everyone would be doing it) Not everyone can get three phase electricity, not everyone can put up with the noise and the heat, and not everyone has the money to set up even the smallest of farms. Again thank you for your opinion I've taken it under advisement, time will tell if the Gamble pays off or not.
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Abduction Of My Daughter, By My Thai Wife
scott1999 replied to scott1999's topic in Family and Children
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Good question. Let's start with the miners you're gonna need S21s 200 hash, Each miner is about 150,000 baht times 5 miners 750,000 plus the electric at 7,000 baht a month = 35,000 a month times 48 months = 1,680,000 plus the miners total 2,430,000 times 2 = 5,000,000 baht for 2 Bitcoins. Now after 4 years you can still mine and if you have solar again that's clear profit. But let's keep it to the next cycle 4 years for now. Bitcoin is $70,000 = 2,600,00 baht times 2 = 5,200,000 baht. So if Bitcoin doesn't go up in the next four years you will just about break even now here's the gamble some people (Blackrock and so on) estimate in four years time it will be between 250,000 to $1.5 million dollars. I'm taking that gamble. Conservatively let's say$300,000 each 600,000 dollars = 22,000,000 baht
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Thanks for the heads up and like most things in Thailand you have to go under the radar or around the houses to get to where you want to be. I've been a teacher for over 15 years with a work permit assisted by my ex girlfriend Who works for the Ministry of labor in the department where all the big companies get their work permits renewed. I do have one of those ladies less than 500 meter away. None of us can be truly safe but with my ex girlfriend name on the Freehold of the villa and my name on a 30 year lease. With me teaching online feeding the local dogs (I care for 12) and cows I try my best to be a positive not a negative to the village. But you are right my work permit would not cover the Bitcoin mining but I'm sure my Ex-girlfriend would say they're hers if push comes to a shove. Thanks again for the warning I couldn't agree more it's like walking on eggshells most of the time here I just had to go into Hua Hin to have the banking app put back on my new phone because I broke my old phone and foreigners can't upload the new app without the help from the bank nice. The photo uploaded is how I feel most of the time. LOL
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Thank you, Sir, I'm all in!!! 5 miners will get me to 1 bitcoin in the next 4-year cycle. 10 miners = 2 and a bit Bitcoins. Then go for the solar panels at some point till then I can subsidize the electricity bills with 2 Kasper miners Where I will take the money out every month to help pay the electricity as well as my teaching online which I've been doing for the last 8 years 15 years total teaching in Thailand. Anyway that's the plan whether it comes to flourishing or not is up to the Gods.
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Thanks Cossy Your 50A 3-phase incomer is good for about 8-10 miners spread across the 3-phases, so until you reach that level, I'd keep it as it is. Do you have a pet sparky who can do your wiring? There's a lot of energy and potential death in a 3-phase supply! So the cost of this three phase circuit breaker box is from between 5000 and 12000? I can find a sparky but needed to do homework first such as how to do and cost of breaker box and how many miners I can put on the system because I will have to buy the more expensive miners like the s21 and s21 pro. Thanks again for all your help I've been here many years but it's like trying to get blood from a stone, especially at the PEA I Had to tell them I wanted an electric car and extra voltage ampage for some machines before they would even entertain putting in the transformer. The price wasn't too bad in total about 40,000 baht all in. But from asking them to where I am now. it has still taken just under one year they said three months but they forgot to mention three months Thai time LOL. Thanks again for your help in this matter. The photo in this post is what I would like the little piece of land to look like with all the solar panels given the plants underneath some shade but that's just a pipe dream at the moment let's get the miners in the bull run over Then I can think about the solar panels
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I have only 1 meter with old breaker box for the villa and new box in the carport for the miners but have been advised to upgrade to a new Circuit breaker board three phase for everything. Such as air conditioners 3 freeze drawing machine one Mining machines 5 to 10 Qustion with the last photo of the Circuit breaker box everything?
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Thank you Sir for your Reply and thank you for taking the time to do so. I know what you mean hurts the miners a lot but I live near Hua Hin now, I actually have a condo in your area that I will try to sell very soon. I've done the math and with 300 amps I could go up to 10 to 13 miners the majority would be for BTC and a couple of Kasper Miners to help pay my electricity I have my first miner up and running now on the three phase but I think my next job should be to integrate the wiring and get a new circuit board. I am using one room of my villa as the mining room the exhaust pipes for the boxes are going out through the wall to the garden. I'm using these boxes to cool down the miners and push the hot air out of the room into the garden and keep the noise down. The photo is what the PEA did for me. The transformer is on the road and the thick wires come down the soi To my pole and from the pole to this box in my carport the 30 amp fuse is being run to my room which I think I can only get one miner on 15amp machine at this time. I would like to buy some more miners soon so I need the circuit breaker board that you mentioned very soon. Thanks again for your expertise and your reply so quickly
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I have three phase now at my villa with a 30/100 transformer. So now I need to merge the old wires with the new three-phase wires into one circuit breaker board does anyone have any . suggestions for a circuit breaker board that can take 300 A I will split them into groups of 50 amp fuses if I can but my knowledge is limited. To reiterate I've had three phase added to my villa with a 50 amp fuse and a 30 amp fuse but I would like to integrate the old fuse box with a new three-phase fuse box.
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Abduction Of My Daughter, By My Thai Wife
scott1999 replied to scott1999's topic in Family and Children
It finally happened -
Abduction Of My Daughter, By My Thai Wife
scott1999 replied to scott1999's topic in Family and Children