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Not according to BoA!! I own XRP so lets go! =]
I got lucky today and sold at .00330000eth this morning when I got off work and just rebought all of it again at .00260000eth during that dip! Ready to dump all of it at the click of a button though.. it won't be the first time XRP took a massive crash

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Well considering it crashed from maybe 20 cents to what 15 cent? Interesting perspective. I don't trust those charts like the one you posted.
 

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Was just pie in the sky wondering yesterday about what it would take to start Bitcoin mining company. I work in large clustering technology and know the costs of data center colocation and clustering very well. Mining company for.these fringe crypto coins. I have the technical know how and hardware connections just not sure about what to do after the fact or how to handle the coins if found after the fact. Just thinking out loud
 

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Was just pie in the sky wondering yesterday about what it would take to start Bitcoin mining company. I work in large clustering technology and know the costs of data center colocation and clustering very well. Mining company for.these fringe crypto coins. I have the technical know how and hardware connections just not sure about what to do after the fact or how to handle the coins if found after the fact. Just thinking out loud
Mining is straight forward just power and $ for hardware. Have to weigh cost and profitability like anything else

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Was just pie in the sky wondering yesterday about what it would take to start Bitcoin mining company. I work in large clustering technology and know the costs of data center colocation and clustering very well. Mining company for.these fringe crypto coins. I have the technical know how and hardware connections just not sure about what to do after the fact or how to handle the coins if found after the fact. Just thinking out loud
Keep in mind that bitcoin mining takes specialized equipment, that at the moment is horribly overpriced if you can find it. Other coins are much easier to mine.
 

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Was just pie in the sky wondering yesterday about what it would take to start Bitcoin mining company. I work in large clustering technology and know the costs of data center colocation and clustering very well. Mining company for.these fringe crypto coins. I have the technical know how and hardware connections just not sure about what to do after the fact or how to handle the coins if found after the fact. Just thinking out loud
Keep in mind that bitcoin mining takes specialized equipment, that at the moment is horribly overpriced if you can find it. Other coins are much easier to mine.
I know all about the hardware. I do this for a living but mine oil not coins (so much) now. 1.5-2Petaflop knights landing or keplar gpus
 

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I've considered mining on a small personal scale. Custom build a rack, maybe 6- 8 - GPUs, architect it so that it can mine several types of altcoins, etc. I am an IT professional. I've seen the videos on the builds and I've seen the components. This would be simple.

Everybody is aware of the power draw. I can deal with that. What I'm learning is that a rack of GPUs and cooling fans makes a lot of noise and gives off a fair amount of heat. Obviously, the bigger your mining farm, the greater these two things go up. Know that the harder you're running those GPU's, the hotter they get, the more cooling you need to provide, and the more power they draw.

I read a story about a mining operation that was setup in a house somewhere in surburbia. They were drawing so much power that the local authorities were alerted and suspicion was raised that it was a local grow house. Authorities raided the place and expected a large scale pot farm with guns and crooks. Instead, they found a bitcoin mining operation and probably found red bull and geeks.

It sounds like you're strategizing and visioning more on the commercial scale.

With your background, you probably know the strategy is to have operations in a cooler climate with cheap electricity and strong internet. The Scandinavia and Nordic countries are prime places. Closer to home, somewhere in the far NW of the US would be ideal IMO.

You made a comment earlier that made it seem as if you were pondering altcoin storage options after mining. Basically, there is hot and cold storage. Keep most things in cold. Transfer over to hot only what you need. Keep small amount in hot for operations. Rest stays in cold. Same general concept as in IT. Read up on the services on some of the larger online wallet services and see what is commercially being done. You'll get the picture and you'll be able to design the services or operation you're envisioning.

HW and operations is one thing. Then there are topics like mining pools, mining contracts, hash rates, algorithm difficulty, etc. Things one needs to know if they're going to be good at this stuff. There's more to this than just connecting a bunch of components together and turning them on. Configuration, tuning, and optimizing is extremely important in order maximize your profit margins and ROI.

Rambled a lot here. Send me a PM if you want to go further on anything. Like many, I'm still early in the learning curve but I'm happy to share what I know and learn from others.
 

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Well I wouldn't run it in a house. Colo like cyrusOne. At work I just installed 6 racks of CRAY XC system with broadwell ,KNL, and Kepler K80's. Penguin computing APU may be an option. Also ARM based system for low power too. If you were to do something like this you would need to scale it out way beyond some home brew system. All of the software would be opensource and deployment with xCAT on diskless nodes with centos or in cray case their CLE sles stack. MPI wise openmpi or mpich2. 150-500 K for a decent real system. Storage wise I'm sure you could get away with a small NetApp over 10gige or even 1gige since the mining isn't I/o bound like it is with seismic data so no I cards And a small Nexus 7K switch. Yeah this would be a lot to get in but something doable with a few of my hoc geek friends. Hmmmm
 

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I'm all out of GBTC, bitcoin and ethereum. I am slightly positive at the end of the day. Bought and sold a few times.
I think you are right that a few years may be golden, but I was just playing short term on this and need to build my vacation house now. I probably could have done better if I'd have been less greedy.
 
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