/biz/ - Business & Finance

>>12091452
It’s going to go down some more before we see a steady uptriend fren. We won’t see another bull run like 2017 for another few years.

>>12091472
I can’t exactly say the location of my job, but we’re acting as a “side project” for a much more profitable operation which is already using a shitton of power, we get cheap as fuck power due to that. That’s one of the reason why this is going so well.

>>12091484
As a company we make good money. We have clients sign million-dollar contracts for warehouse space and electricity costs and they ship over their miners, we set them up and they have access to their wallets. We as a company take little to no losses because we’re signing away shittons of money with a third of electric costs compared to China farms. With sustainability, well, we’ve talked about setting up two or three more warehouses full of these guys so we will see. This department just formed last year.

>>12091486
I had a friend that worked in the “main operation” of this job and he told me about a new project this company was doing. It was vague as fuck through the hiring process desu, all they said was “it was hooking up bitcoin miners” this place has been around for years, so it’s a traditional plant, therefor if these fucks would’ve started mining years ago they would have been filthy fucking rich now. These are all ASICS we’re dealing with. I make salary pay working Monday-Friday but with a twist, anything after 3:30 in the afternoon I chose to work is time and a half.
>>12091502
I’m clueless as far as returns. Rumor has it that our newest client signed a 10million dollar contract for us to set up over 1000 miners so we did the math on hashing rates and current prices of bitcoin, it would take a only a couple of years to make their investment back, granted that bitcoin stays at this price. When it does moon though.. they’ll already be ahead of the game
>pic related, cable management on bitfury B8 rigs