Hmmm ... somehow this sounds vague, and how do they plan to do this?
If I joined the project as they solve the problem for example with servers ??
Just like the price of Bitcoin the profitability of mining can swing drastically. However, Bitcoins historical average mining profitability is about $15 a day with
standard currently available equipment (the S9). As technology continues to evolve
we will see upgrades in the Bitcoin mining hardware, which in turn will increase
the hardwares mining efficiency. The increased efficiency is expected to increase
the hardwares profitability or at least help it maintain its historical average
It sounds promising, are there any characteristics of these servers anywhere?
Sure, look:
Bitcoin Miner (S9)
1 server (s9) can cost about $1,300 to purchase, plus the cost of the power
supplies to run the server.
This server can make about $15 a day through mining but it costs about $3.95 a day (at $0.12kWh) in electricity to run.
In this example, each machine will return a profit of about $11.05 a day.
This would therefore take about 120 days to return its investment.
11 Oh, impressive, but how much will this server bring in a year of work?
18. Hello, I want to ask a question,
which platform will the project use?
11/ So, let's scale it up.
2500 of these machines would make $37,500 a day gross and $27,625 a day in profit after the estimated power cost (at $0.12kWh), but the Foleum Project is designed to generate the majority of its own power, making the project much
more profitable. Upon the Projects ability to reduce the power cost to running the equivalent of 2500 of these
machines down to $2,500 per day, in this example the average daily profit would increase to $35,000 per day (up from $27,625).
