What’s going on, cryptocurrency universe — this one’s a tough update. In this video I’m saying goodbye to our mining hardware because this facility is being liquidated and we’re closing up shop at this location. The buyers came in and bought everything in one lump sum, and you can literally see the warehouse emptied out down to a couple cases and a single card I kept around just to wipe drives. And of course, right after we sell, Ethereum decides to jump — horrible timing — but that’s crypto. Sometimes you make the call, and the market does what it does. More than anything, I wanted to document the lessons learned for anyone thinking about building a mining facility. The biggest tip I’ll keep reiterating: don’t pay rent if you can avoid it, and get your overhead as close to zero as possible. Even with cheap power (we averaged about 4.5 cents here in North Carolina), when rigs are only making 50 cents to a dollar a day in a long crypto winter, the rent and fixed costs will bleed you out. I also talk about lease risk, landlords changing terms after you’ve installed infrastructure (like our 400 amp panel), and why I think green energy like solar and wind is a key part of surviving the down cycles. I’m still mining at the house on my old RX 480 8GB cards, and we’re moving forward with new projects.