I bought 30 grand usd worth of P106 and hosted them in China!

Julian

New member
Hey whats up guys, I am Bruce and I just bought 30,000 USD of p106 card and hosted them in China. 33 eight-cards rigs. This is the first time I posted something here lol. I want to mark my revenue and every expense every two or three days to give the newbee a clear idea of GPU mining. I am not a master but I used to do GPU rental services so I know a bit.

All the p106 cards I bought were from one of my rental contractor farms in China, we have been working together for two years. And I just wired him money and let him do all the stuff for me. His farm is in Guizhou, China. The elec is 0.057 USD, and approximately 1.23 USD for electricity use per miner per day. And p106 I bought was 800 for one 8-card rig. I gave him my exchange wallet and I got paid directly everyday when the pool pays.


I made a google sheet to monitor my investment and everybody can view it.
https://docs.google.com/spreadsheets/d/1LBD2zgDZxrdUkreOYUcwBqr75E0l_jdsqz4ZpTW6GNY/edit?usp=sharing

I hope you guys can get what you need from here, thanks!
 

Mustafa

Member
So just to understand you have 8 x 33 = 264 gpus total and basically most of them does what hashrate and algo? Because without that, I can't see if what they are paying you is right. Eletricity is 0.057 USD kwh, your spreadsheet says coin is eth, now we need the hashrate of each card, whattomine says 22mhs is that what each of your cards does?

If everything you said and whattomine is right then this is what will happen if prices tend to continue this way.

https://whattomine.com/coins/151-et...fee=2&cost=0.057&hcost=30000&commit=Calculate

Code:
Per Fees Est. Rewards Rev. BTC Rev. $ Cost Profit
Hour 0.000463 0.022666 0.000783 $8.92 $1.43 $7.49
Day 0.011102 0.543990 0.018802 $214.03 $34.20 $179.83
Week 0.077713 3.807927 0.131617 $1,498.24 $239.40 $1,258.84
Month 0.333055 16.319687 0.564074 $6,421.03 $1,026.00 $5,395.03
Year 4.052167 198.556188 6.862896 $78,122.47 $12,483.00 $65,639.47

yesterday they paid you 0.56, that is more than whattomine says, day before 0.23 which i assume was the day it started so not counting that one.
 

Ignacio

Member
Yes, 264 cards total. They are ming ETH these days and average hashrate total is 5.93GH/s, 22.46mh/s per card, yesterday's payout was 0.5853 ETH from beepool, and I got 0.5624 ETH in the exchange, sold at 381 usdt.

And yes, you got them right. And I sold the 0.23 together with the 0.56, because I was not sure about where ETH price was going, so I didn't sell the 0.23 ASA I got them.
 

Calvin

Member
So if whattomine is right, you will get your money back around in 170 days. You made a good deal, dealing with that mess is crazy. The only issue will be if that guy scams you before you get the roi because it's not you who is in control of the things but the good thing you dont need to deal with the madness of keeping everything working. Also you know that, mining is only attractive if eth price is steady i mean without any extreme movement. I mean if it goes up to 800 usd, you could have got the money in days instead of months, the good thing about this is you are not doing anything really, mining is a lot of work.
 

Howard

Member
Yes, it is around 170 days, but I doubt the price will stay at 380 or higher, so it might be longer than 170. But if you count the residuals of the GPU, it is a lot sooner lol

lol I don't think I will get scammed, I have been to his farm and there are around 3400 8-cards rigs over there. He dare not risk all those to scam me lol, thanks for the concern!
 

Yadiel

Member
Yes, it is around 170 days, but I doubt the price will stay at 380 or higher, so it might be longer than 170. But if you count the residuals of the GPU, it is a lot sooner lol
No, you wrong about that, 380 is just the beginning, price will keep going up because of the fork to eth 2.0. Price will not crash at this time, bull prediction is 950 usd at moment, reason i told that if you have invested on eth and not mining, you might have got your money back in days, not months, but that is a big IF hehe
 

Seven

Member
I surely hope the eth price rocket! And plus the 4g card will be out of business at the end of the year, so I think it is going to turn out great eventually.

And yes, mining is a lot of work, thankfully I don't need to deal with all that
Smiley
 

Jesus

Member
Hey whats up guys, I am Bruce and I just bought 30,000 USD of p106 card and hosted them in China. 33 eight-cards rigs. This is the first time I posted something here lol. I want to mark my revenue and every expense every two or three days to give the newbee a clear idea of GPU mining. I am not a master but I used to do GPU rental services so I know a bit.

All the p106 cards I bought were from one of my rental contractor farms in China, we have been working together for two years. And I just wired him money and let him do all the stuff for me. His farm is in Guizhou, China. The elec is 0.057 USD, and approximately 1.23 USD for electricity use per miner per day. And p106 I bought was 800 for one 8-card rig. I gave him my exchange wallet and I got paid directly everyday when the pool pays.


I made a google sheet to monitor my investment and everybody can view it.
https://docs.google.com/spreadsheets/d/1LBD2zgDZxrdUkreOYUcwBqr75E0l_jdsqz4ZpTW6GNY/edit?usp=sharing

I hope you guys can get what you need from here, thanks!
Ah...the 'holy grail' of mining ...in the USA in that we can't compete on an average price of 10c kWh Summer rates here in the USA and mine anymore.
Sad


This is if you 'speak the language' or 'if you actually find an honest fellow, in whatever country you are trying to pull such off at.

I figure your odds are probably 1 out of 5, even with proper venting and the rest.

I sent $10k in like 2016 to Maxumark on here for 6 liquidated due to Bankruptcy KNC Titan Miners..never met the guy..but talked on the phone a month previous

...we won the 1st bid of like 24 or so...but that was a test....I think it was $1,900 a unit including special rates for shipping from Sweden. KNC Titans were going used on

eBay for around $2.5k I think, thus why we risked such. You know how much time we spent 'venting' the lawyer and his firm doing the bankruptcy from Sweden and

stalked him online and google earth...we were more than a bit dubious.

So the 'test' batch of 24 we bid, so we got lucky, the rest went to 'insider' KNC whales. (not hard to figure..they bought 100 or so ...we put counter bid up to $100, for our

a small batch of 20 or so they then counter matched a $100 on to their 100 units....went on like that for 3 batches. Then again, not sure I'd try that again.

Also, the fact we were about 60/40% sure KNC being 'evil' and all could have simply sent us 'liquidated' BTC KNC miners of NO worth, even at that time.

Or a box of rocks...we were actually 'shocked' that they came as 5 cubes as the

lawyer stated. Being a 'liquidation' sale we had no rights and they could have sent us rocks indeed!

But of course, they slapped them together from parts with 'temp workers' in that KNC had been out of consumer business for 2 years at that time. With a lot of cubes

having NO insulation under the heatsink. They burnt some dies out testing anyway. We

bid accordingly but actually, with dead dies, they mined as 4 cube units. Made a LOT of LTC from this deal, would love to find something as you have in China.

But my 'pucker' factor is 'too low' to jump in on 10 units of some such w/o any proof. Alas.

Hope your legit, with newbie account (ha!) But if you pulled such off..it is the 'holy grail' to find someone honest in your setup that this works well.

We 'desire' on this thread MORE proof that you are not a 'scammer' ..if for no other reason to watch from 'afar' and see how this 'crypto soap opera' plays out.

Brad
 
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