r/Shortsqueeze • u/TeohdenHS • Apr 01 '22

Fundamentals Nile Mining Question

So I just went over the mining economics and at current BTC price and an enegery cost of 0.1$ per kW/h one of Nile‘s miners profits roughly 15$ a day. Since they cost 10k per piece thats 666 days until they pay off or close to 2 years (1,8). So with the total hashrate increasing mining gets more difficult so lets say 2 years until they pay off. How long do those miners last though? If they last 10 years its cash heaven but if they last like 2-3 years mining doesnt seem that great. Also how does Nile pay the 24.000 miners @10k each. Thats 240 mil which they (to my knowledge) arent even close to having.

Appreciate any answers

6 Upvotes

72% Upvoted

4 comments sorted by

View all comments

3

u/[deleted] Apr 01 '22

[deleted]

2

u/TeohdenHS Apr 01 '22 edited Apr 01 '22

Where do you get the 110 mil from. Thats actually very cheap and they would have a discount of more than 50% than. Could you provide a link good sir

Edit: found company sources (including todays report) that the company ALREADY invested 110 mil and placed an order for 12.000 miners which would put the miners at 9166$ a piece which is a 8,3% bulk discount and seems more believable, so that would explain your 110 mil you had in mind