Could someone please tell Bram that the current coin Price only covers 55% of the electric bill in Switzerland. We also have one of the cheapest tariffs in Europe at .31 CHF per kwh.
Sorry Bram, the farm is off for the summer, I certainly can’t afford to pay ac as well.
Hope you have some great plan for us loyal farmers, like binning the pre farm!
I’m quite certain that Bram is aware that the recent pricing and the near-continuous pride slide is killing farming profits for a LOT of farmers.
And while your electric price might be “the lowest in Europe”, it’s 8 TIMES what I am paying in the USA (though I’m in one of the 3 lowest electric price counties in the USA). Europe has VERY high electric pricing, as bad or WORSE than California (which is notorious here for IT’S high electric price).
What do you expect Bram to DO about the price? He’s got very little to NO control over it.
You guys have some really cheap electricity around there. I was looking years ago at relocating to central Washington to start up some bitcoin mining just because of the cheap electricity from the hydroelectric dams there. Wish I’d done it, but most likely would have struggled to compete with the large corporations that developed around mining. (and the high initial cost of the mining hardware)
What caught my attention to the area was specifically an article about MegaBigPower that talked about power cost.
Small farms seemed to work better doing GPU mining, especially when ETH was mineable - though I did earn quite a bit from some old Innosilicon A2 machines for a while.
What would be fair price for farmers now after halving? I’ve done some calculation and I think 600$ per xch is where after 1 year you can start getting profit. Does it sound reasonable for people with big farms and big investments?
gentleman nobody cares about electricity bills. that is business for you, most efficient wins. do you think real miners whine about energy prices while mining with little margin? they take care of most important costs themselves.
we have own 2MWh cap in hydro projects, yet they rape use with 0.33 CHF/kWh while talking bullshit about “crisis”. they built it with our money, and they allow you to use it for fee ROFL
one day, I start own government.
XCH price will reflect the mining costs. I can still farm for 10 CHF/XCH. Unless, Chia guys do not deliver they promised the death is imminent. They aim for governments, corporate.
These experts have lots of timeee…it may be 20+ years until Chia will be used as they plan with World Bank now. Question is what will happen with little guys.
At current prices, only hobby guys sponsored by mom can run network. Any corporate use, unless they will earn somewhere else…dream.
HDD prices are currently good in Europe, thansk to our Houti friends in Red Sea…sell your drives, and invest in real stuff. You will get easily industry standard 8% dividend annually.
Chia has interesting vision, but lacks results so far. Netspace reflects the overall trust in project. Lets see what Chia does to save the project.