Commercial Mining Economics & Operating Cost Workshop

Workshop Scope & Engineering Focus

Operating modern ASIC hash boards requires navigating narrow margins dictated by instantaneous hash prices and seasonal power tariffs. In this workshop, participants work directly with live diagnostic instrumentation and detailed unit-cost spreadsheets to replace speculative estimates with measured electrical and thermal data.

Target Audience

Facility operators, independent mining farm managers, infrastructure investors, and electrical engineers preparing commercial deployments.

Core Practical Outcomes

Calculate true all-in cost per terahash (J/TH) factoring in transformer and cooling parasitics
Stress-test cash break-even levels across Bitcoin difficulty cycles and block reward changes
Model power purchase agreement (PPA) clauses, demand charges, and time-of-use arbitrage
Evaluate capital expenditure amortization curves versus second-hand hardware salvage values
Design thermal management strategies that prevent thermal throttling in high-ambient summer seasons

Detailed Session Modules

Module 01: Thermodynamic Foundations & Power Delivery

Transformer step-down configurations (22.9kV to 380V/220V), Power Distribution Units (PDUs), power factor correction, phase balancing, and continuous load sizing according to industrial standards.

Module 02: Unit Economics of the Modern Hash Board

Silicon efficiency curves (J/TH), dynamic voltage tuning, firmware optimization (Braiins OS, LuxOS), ambient temperature impact on power consumption, and chip junction thermal limits.

Module 03: Industrial Power Contracts & Curtailment Modeling

Deconstructing KEPCO Industrial Power (Gap/Eul) structures, demand peak penalty avoidance, dynamic curtailment math, and calculating the exact hash price where machines should be paused.

Module 04: Facility OPEX vs CAPEX Sensitivity Workbench

Building custom multi-variable spreadsheet models for real estate lease structures, exhaust fan CFM requirements, air filtration replacement schedules, and technician labor allocation.

What is Included

16 hours of structured instruction and hardware lab walkthroughs
Full access to the Daegot facility's operating 12-rig testbed with live power metering
Pre-built financial modeling templates (.xlsx & open formats) with historical difficulty datasets
Printed reference manual on industrial electrical standards and airflow calculations
Catered lunches, refreshments, and evening networking session

What is Excluded

Personal lodging and overnight accommodations in Gimpo
Hardware procurement brokerage or machine sales
Financial or speculative investment advice

Preparation & Prerequisites

Attendees should bring a laptop equipped with spreadsheet software (Excel, LibreOffice, or Google Sheets). Basic familiarity with arithmetic and electrical units (volts, amps, kilowatts) is helpful.