u/Street_Flatworm_2649

https://bitcoinminingworld.com/listing/2mw-mining-site-kentucky

https://solminer.io/real-estate-for-sales/

The property does not have 2 MW of usable continuous mining capacity. Independent engineering documentation confirms that the site lacks the infrastructure required to deliver 2 MW of continuous usable load. Transformer nameplate ratings and theoretical service capacity are not the same as power available for continuous mining operation. The usable capacity is materially lower than what Solminer has advertised.

The advertised power rate is also false. Solminer has marketed electricity at approximately 5.3 cents per kWh and has used the term “PPA” in connection with the property. The site is actually served under Paducah Power System’s market-based IM-1 rate structure, which exposes the customer to MISO day-ahead and real-time pricing, transmission, distribution, loss factors, taxes, and other charges.

The MISO averages from 2025 through 2026 do not support a continuous all-in power rate of 5.3 or 5.5 cents per kWh. At approximately 99% uptime, the actual delivered cost would fall in the range of roughly 8 to 11 cents per kWh, depending on the billing period and market conditions. At commercial mining loads, the gap amounts to tens of thousands of dollars in additional annual operating expense.

The claimed PPA is also misleading. A market-based utility tariff is not a fixed-price power purchase agreement. Anyone evaluating the site should demand the actual PPA document. If no separate executed PPA exists, the property should not be marketed as having one.

The tax-break claims solminer continues to promlugate are no longer valid. The Kentucky cryptocurrency-mining tax incentive being referenced expired in 2025. The Kentucky Department of Revenue confirmed that expiration by email. The property cannot be marketed in 2026 as though that expired incentive remains available to a new operator.

The airflow system is not capable of providing any reliable cooling, its poorly constructed by low skill individuals with limited knowledge of any coherent construction practices. The physical condition of the site fails to support the premium infrastructure claims being made. The mining area contained deteriorated insulation board, taped seams, exposed framing, unfinished openings, water intrusion, and other construction and maintenance deficiencies.

These are not opinions. They are documented facts supported by engineering reports, utility records, MISO pricing data, state revenue correspondence, inspection documentation, photographs, and the property’s own marketing materials.

Anyone considering leasing, buying, or moving equipment to this property should independently verify:

* Continuous usable capacity at the breaker

* The actual delivered all-in electricity rate

* The current Paducah Power tariff and customer-specific service agreement

* Whether an actual PPA exists

* Whether any claimed tax incentive is still legally available

* Code approval of the cooling and airflow system

* The physical condition of the electrical and mining infrastructure

Do not rely on Solminer’s advertised 2 MW capacity, 5.3 cent power rate, PPA claims, turnkey claims, or expired tax-break representations without obtaining the underlying records directly from Paducah Power, the Kentucky Department of Revenue, the City, and an independent engineer.

Once you do this you will realize the depth of fraudulent claims, misrepresentations and false information promlugated by Solminer.

Be careful with Solminer.io

their representations about their Paducah Kentucky property’s power pricing, capacity, and readiness were materially false and commercially misleading. The advertised 5.5¢ “all-in” power pricing is not supported by the actual utility structure. It is marketing fiction, not a reliable operating rate a buyer should base a mining investment on.

The claimed 2 MW capacity should also be treated with extreme skepticism. Based on the site conditions, infrastructure, and actual operating limitations, This property lacks the practical 2 MW mining capacity being promoted.

The design quality is poor, obviously constructed by low skill labor. The airflow concept is basic at best, and the overall site is marketed as a serious turnkey mining operation despite lacking the infrastructure and engineering maturity to support these claims.

The most concerning part was not just that the numbers were wrong. It was the way the issues were handled once they were challenged. Sol miner ran to hide behind lawyers, the same way they did when they scammed people at Montu motors. In my experience, Sol miner did not deal with the discrepancies transparently or in good faith. Typical considering the quality of the owners.

Anyone considering this property should slow down, verify everything independently, and assume nothing they are told about power pricing, capacity, uptime, or readiness is accurate unless confirmed directly by the utility and an independent engineer. Sol miner Has no PPA, does not have an agreement for "5.5 per kwh all in" and they will lie to your face in an attempt to offload a poorly maintained, over priced facility with zero opportunities for profitable operations.

My recommendation: be wary of Solminer and do not waste your money based on their advertised claims. You would likely be better off using a reputable hosting arrangement than buying into this site.