CRYPTO Mining Farm / BITCOIN MINER CAN RENT MY 10 ACRES (ROSAMOND CALIFORNIA)
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ATTENTION: To all Crypto Miners
We Welcome
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SET UP your OWN SOLAR FARM---> hook up your Crypto mining Machines
Plouton Mining is going in another direction. The bitcoin mining company is operating in Mojave, California, which has among the highest number of sunny days in North America. There, the company is building the world’s largest solar-powered bitcoin mining operation, at which power costs are essentially zero.
INN: Plouton Mining announced that it is building the world’s largest solar-powered bitcoin mining operation on August 9. Can you tell more about this project?
RS: It’s 50 acres in Western Mojave. This is about four hours west of the Mojave Desert. We get 92 percentile in solar rays, so it’s very good.
We get about a dozen or so non-producing solar days, so it’s ideal. The average temperatures are 72 degrees, perfect for a mining operation. We plan to use renewable solar power.
The land has a capacity of upwards of 45 megawatts, and for the current phase we’re looking at 10 to 13 megawatts. It’s 50 acres and we plan to use that during peak hours — which is the critical electricity use long term — and we get that for free. It’s a front-loaded cost, but after that, the panels have a 20 year warranty on them.
So our daytime solar use and electricity produced is free. Then at night … it’s US$5 per watt for storage and production. From solar, we tap the excess capacity off the grid.
INN: How will electricity prices change in the future?
RS: It’s going to continue to go up. We met with a couple of investors from some mining company manufacturers. Me and my co-founder met with them in Taipei. They were looking for a place for some infrastructure for 40,000 miners and they wanted a long-term contract — five plus years. So they’re looking at our project as an alternative.
I made a bet with them that the next time I see them, they wouldn’t be able to find that (long-term contract), because they can’t. There’s nobody that can give you a long-term contract for pricing because the prices are going to go up at some point.
The utility companies have a production capacity that goes along with the population increase of that community. If you take that capacity off of their hands and the population grows, they have to go back to the utility commission for more money to build capacity. And that never happens. The money, the billions of dollars, grows always. They always go to some sort of a vote for bonds. They’re not going to do that, so they cancel the contract.
And we met with the investors later who were actually in LA. So nobody is going to sign — it doesn’t matter how big of a contract. They won’t sign a long-term electricity guarantee pricing for their hosting service for more than one, maybe two years. That’s about the extent of it. And that’s essentially the problem in the industry. We don’t think long term enough. We’re still in the process of, “What’s going to happen two to five years?” How about the next 20 years?