Electricity Costs alot in a Mining facility!
so if Securix wanna make profit with steady growth then they'll have to develop new technology to use less energy or create energy with low cost!
do you plan to work on this?
Exactly....but they keep saying our team is always studying what is best to use and we will purchase it then....No, that is not a good enough answer, you need to give us plan B for when you have the money to purchase asics which ones will they purchase when nothing is remotely worth buying.
Yes I would also like to see Securix announce a plan B, it's difficult though as others have mentioned previously, SHA miners are no longer as profitable as they used to be. They need a fallback plan.
Developing a new technology for their energy consumption will be difficult they can use existing technologies that are commonly used.
What could be plan B for Securix if things don't work out in future due to high energy cost? If the team already using green energy then I don't think there will be anything better at this moment.
Hello,
The electricity prices are very low, of course you can move the mining facility to Venezuela but than you have different kind of issues. The Netherlands is known for an ideal climate and power grid for data centres:
* 99.995% Energy grid up time
* Dutch air outside is cold enough, below 22 degrees Celsius to permit sustainable data centre cooling 97% of the year
* Lowest average latency in Europe
* Due to the presence of the Amsterdam internet exchange, The Netherlands has become one of the world's most significant internet hubs.
* Politically stable due to the Dutch consensus model in both politics and economics
To ensure successful execution of its ambitious business goals, the company's management and staff members are living and working in the same country as the mining operation - the Netherlands. With a highly committed and vested group of founders, Securix is already ahead of its road map, having upgraded their infrastructure and electricity.
From my understanding they will be buying it off cheap since it is green energy; That usually does not cost to generate hence is cheap to buy. I think the challenge is when bitcoin's price goes below their set numbers which is likely. I understand that there is a pool in place but the pool can sustain a certain period only.
The prices for energy are very stable in The Netherlands as we have a lot of generators. If anything changes, we will share this information with the community.
If you still have questions, feel free to ask them
The Securix Team
