hey what's up guys welcome
back. Bitcoins are literally exploding
right now and I did see in the comments
that a lot of you guys are interested on
having a look behind the scenes of a
mining farm and we did it we visited
hydro miner in a tiny village won our
way from Vienna and they also still have
their ICO running so you can find all
the information down below in the
description but now I would say let's
jump right in
now we all know that Bitcoin a crypto
mining is real and not a scam but mining
those coins is actually harder than a
lot of people think and it consumes
enormous amounts of electricity so
they're currently building a few of the
new mining containers and we had to look
at one of them which hosts over a
thousand graphic cards hydro miners
based in Austria which is known for not
having the cheapest electricity cost in
the world but still they are very
successful so we asked them how they do
it so we are mining company based in
Austria and remain cryptocurrencies we
offer Bitcoin mining and ether mining
various Alcorn's and we can achieve this
really low energy price which is really
important if you want to become
competitive through placing containers
with mining Hardware directly into a
hydropower stations so we don't have the
high Network costs and we remind with
only renewable energy so so that's our
unique selling point and through this
low energy price we have a really
competitive mining operation and yeah
I've seen a lot of good feedback so far
so other cloud mining services offer
cash rates and we base our our service
on what so it's it's it's a more stable
outcome because I'm doing the first
month a hash rate is fine you know you
get high returns but then in the end you
get a lot less - - nothing at the last
month so we base it on what so there's a
stable outcome and I mean it guarantees
you a profitable
so I started like that you can you could
whole mind a few years ago but right now
it's not it's not competitive anymore I
mean in Germany for example you have to
pay up to 30 cents per kilowatt I mean
we have we have it here around three to
five cent in Austria in the hydro power
stations but you just can't compete with
the big players anymore because the it's
there are big players and you have to
join a big operation to to really make
profit mining so so yeah we think the
cloud mining is a good thing there was a
lot of scam or there is a lot of
scamming going on you should really
check the cloud mining facilities
carefully and see if there's really
hardware in the facilities because yeah
it's sometimes people lose their money
but we provide full transparency and we
want we offer guy to choose and we want
the people to see that we are actually a
operation that works and makes profit so
that's the thing about the risk of all
cloud mining but yeah you have to do you
at you JIT your diligence and and and
you can make a good profit from it
so they told us that they have a few of
those containers full with mining
equipment and I know most of you guys
are really pissed because the
availability of cheapy use is now a huge
problem and also some cheap use get way
more expensive there our CTO told us
that they can order up to 20,000 GPUs
directly from China each month and there
are huge numbers they are using cards
before they get branded so some of them
come without fans or have different
coolers installed and they come directly
from the factory which then delivers it
to brands like sell tag so if a lot of
mining companies buy huge numbers of
GPUs then for sure the price for the
GPUs Rises a lot which is the problem
but GPUs are not everything there is
actually a lot of hardware knowledge and
work
quiet to get such a container up and
running there our CTO Christian answered
us some technical questions about the
container the important factor of course
is the cheap energy and you have also
have to a cool requirement and of course
a space where I can place your
containers or your mining rigs for now
we have about zero point twenty mega
hash per watt and one week of those can
do 185 about mega hash it cerium and in
dual mining we see a coin you can reach
1850 mega ashes see a coin we decide
with the help from some other websites
like what to mine and compare the coins
and we are mining it Syria material
plastic see echo and decreed set cash a
lot of coins and we are switching all
the time yeah
Bitcoin - of course with our asset - we
have about 50 Giga it's here in power
and factor 10 see a coin you can compare
like this because a lot of coins was
different
mega hash the total power usage is about
350 kilowatts now in the operation
completed about 3000 cards for now and
over 300 are sick - shipping container
of course we have 144 ready - in here
with a TPU so 1152 GPUs inside yes and
one container about 30 kike hash
etherium and 300 Giga has see a coin
power usage from one container is about
150 kilowatt
all right so many GPU
means a lot of hashing power a lot of
energy consumption but also a lot of
money so let's talk numbers The
Container we're looking at has 1152 GPUs
inside with a mining power of 30 Kekaha
shovey theorem and consumes 150,000
watts so if we put that in our
calculator that gives us roughly 30 K
dollars a month after the electricity
costs so that's really not bad at all
but what about the electricity now
basically those machines generate a
virtual so-called currency that's maybe
not even worth anything and will consume
as much power Stenmark by 2020 well
allowing that Bitcoin will replace banks
ATMs brokers exchanges and payment
services like MasterCard and people all
around the world we can offset the
electricity required by all those
services and you have to keep in mind
that the combined electricity cost of
those services may even exceed Denmark's
current power usage right now although
some power plants like solar and wind
plants sometimes nearly overload its
electric grid over a particularly sunny
and windy day and then power companies
pay their customers to use more power so
that the energy could be safely
dispersed so this excessive energy could
be used to mined bitcoins and the heat
which the miners produce could be used
to heat water so there are many attempts
that will be discussed once the greedy
let's make a quick profit face of
Bitcoin is over so as you can see mining
scaled a lot in past years from home
computers Mining under GPU to fully
loaded containers placed near to power
plants mining at home is still possible
but you need to have access to cheap
electricity and need to have free extra
space and don't care about a lot of
noise from those machines so if you're
more interested you can check out all
the links down below in the description
all right guys so we're now here at the
end of this video and if you liked it
please like it if you have any questions
about mining or anything Bitcoin related
post it down below in the comments and
I'll try to reply as soon as possible
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have a nice day