Cryptozyme hit the digital currency and mining industry in 2022. The decline in profitability affected all participants in mining. Not only corporate and private miners were affected, but also equipment manufacturers. As a rule, during such seasons the demand for it decreases. In response, factories reduce prices for devices. Therefore, recessionary periods provide opportunities to increase technical potential. This factor was taken advantage of by a large customer of IBMM in early 2023.
Nearly $5 million worth of asics delivered
The customer chose the leader in PoW mining – the crypto coin Bitcoin – for mining. The team needed to provide an industrial volume of equipment – 2 thousand units.
IBMM Technology employees helped to select the most efficient model. It turned out to be Whatsminer M50 by MicroBT. The main characteristics of the device:
- Produced since 2022.
- Supports mining on the SHA-256 algorithm – among them Bitcoin, Bitcoin Cash and Litecoin Cash coins.
- Base hash rate (depending on the configuration) – 118 and 120 TH/s.
- Power consumption – 3306 W/h.
- Air-type cooling.
- Cost – ₽123,994.
At the stage of preparation for purchase, it is important to calculate the profitability of the equipment. IBMM was one of the first in the country to launch a mining calculator. It can be found on the company’s website. For the current bulk order, the results were as follows:
- Thetotal hash rate of a farm of 2 thousand miners is 238 thousand TH/s. Translated into petahesh, the total performance of the devices is 238 PH/s.
- Monthly mining – 18.9 BTC.
- The indicator for 1 year is 226.8 BTC.
- The monetary equivalent excluding costs at the BTC exchange rate of $29 thousand is $6.58 million or 523,557,367 rubles.
- Hosting costs, including electricity costs of 4 rubles/kWh – 231, 01 million rubles.
- Payback period – 18 months.
Delivering a large batch is not an easy task. On the one hand, the customer needed to receive the equipment as soon as possible. On the other hand, only the manufacturer could provide such a large number of miners. Therefore, the delivery was made from the warehouse of the factory in China. IBMM, as in the case of any order from 1 to 100 thousand units, provided a full cycle of movement:
- Selection of the fastest transportation option – road, air or combined.
- Customs clearance when the shipment arrives from abroad.
- Inspection of the received equipment.
- Shipment to the end customer.
The fastest option for delivery of this large shipment was transmodal transportation using heavy-duty trucks. In 14 days after the order was placed by the customer, it arrived from China to the IBMM Technology warehouse in Moscow. During this time 26 tons of equipment crossed 2 borders, including the transit country.
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The order was placed with partial prepayment – its amount amount amounted to 50%. As agreed, the second half was paid before the final shipment from the IBMM warehouse. The total value of the shipment amounted to $4.8 million.
This order allowed the company to break its own record. 4 months before it – in November 2022 – IBMM had delivered 200 miners of the same model Whatsminer M50 for 33 million rubles. The execution period amounted to only 16 days.
Retail and wholesale deliveries
IBMM Technology supplies miners to private and commercial customers. The website presents the leading manufacturers for cryptocurrency mining, among them:
- Bitmain Antminer
- Canaan Avalon
- Innosilicon
- Whatsminer
- Goldshell
- Jasminer.
Asic hardware and cooling
Since 2017, the staff has been advising on the most efficient mining regardless of algorithm – from the popular SHA-256 and Ethash to the rarer Scrypt and Blake. IBMM’s annual trading turnover exceeds 1 billion rubles. Technical indicators of miners from the top 5 among buyers are presented in the table below.
| Model | Algorithm | Coins | Hashrate | Power consumption, W/h | Price, ₽ |
|---|---|---|---|---|---|
It is also possible to upgrade the cooling system from integrated air to immersion or with installation of a waterblock. An independent section with similar equipment is available on the website. It also presents our own technological solution for ASIC miners, which was created together with VNISH.
Among the innovative developments, components for realization in private and country real estate are also available. It is designed to bring the heat of the farm to the heating system of the room.
In case of breakdown or incorrect operation of the miners operates its own service center. And for customers abroad, the founders of the company located an additional sales office in Dubai (United Arab Emirates).
Containers and server equipment
For corporate clients IBMM specialists offer additional options. Boxes for mobile data centers based on marine 40-foot containers are available. They have a well thought-out ventilation cooling system. Cooler operation can be adjusted to individual parameters due to manual control mode.
Production takes up to 2 weeks from the moment of order placement.
The architecture of the mobile data center includes racks for mounting devices and stable power supply. It is possible to retrofit the box with climate control and video surveillance systems. The capacity depends on the model of the crypto miner. When placing Antminer S19 or Whatsminer M30S in the container it is possible to install up to 264 units.
Delivery of data centers is performed anywhere in Russia. The company may require legal entities to pay inclusive of value added tax (VAT).
You can get additional advice on placing a container on your own mining platform in the feedback widget on the IBMM Technology website.
Mining hotel
The team has experience in organizing closed mining platforms of different scales. Specialists perform the development of data centers and provide qualified support at each stage:
- Finding a location for the data center.
- Production and installation of containers.
- Selection of server and mining equipment.
- Further ordering, delivery and configuration of equipment.
Not surprisingly, renting a place in a mining hotel is also available. This provides customers with passive income without their direct involvement. The advantages of remote placement of crypto mining equipment are as follows:
- Reliable security system.
- Uninterrupted operation 24/7.
- Maximum legal purity.
- Competent personnel.
Conclusion
The goal of IBMM Technology is to provide the client with everything that is required for productive crypto coin mining. Recently, the company has been focusing its efforts and resources on the development of products that can simplify the lives of ordinary miners. The team also maintains a popular video blog, which tells about trends and changes in the industry. Interesting presentation of the content allowed them to accumulate a total of more than 6 million views.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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