Topic: [2014-08-11] coinsman: Inside a Chinese Bitcoin Mine (Read 1020 times)
Does anyone know how much these professional miners actually earn? I'd love to know.
No sign of a 12-point business plan. Not even a Mission, Vision, Values statement.
They win!
Great post, OP.
They win!
Great post, OP.
It doesn't have to be 'professional' just earn the coins. Not everyone has a ridiculous amount to spend on flashy equipment.
Jee, I literally had no idea this was how big bitcoin mining has become. I thought at most someone would have a few miners in a room lol.
It's also crazy at how quickly the hardware becomes unprofitable and unsuable:
All retired or dead.
It's also crazy at how quickly the hardware becomes unprofitable and unsuable:
All retired or dead.
actually that mine is not very professionell. the good ones look like this:
http://money.cnn.com/gallery/technology/2013/12/17/bitcoin-mine/
Jee, I literally had no idea this was how big bitcoin mining has become. I thought at most someone would have a few miners in a room lol.
It's also crazy at how quickly the hardware becomes unprofitable and unsuable:
All retired or dead.
It's also crazy at how quickly the hardware becomes unprofitable and unsuable:
All retired or dead.
That's a lot of machines mining. I'm guessing there are about 5000 computers in the photo.
I wonder how it will look in 5 years
I wonder how it will look in 5 years
It tells you how many miners and whatnot they have in the article.
That's a lot of machines mining. I'm guessing there are about 5000 computers in the photo.
I wonder how it will look in 5 years
I wonder how it will look in 5 years
https://bitcoinwisdom.com/bitcoin/difficulty
2500x 230GH/s = 60 000 USD per week ... so electrical bill is OK
THe other week is formely to pay miner material (supply and miner) + local and employees.
So the boss have 120 000 USD per month for him... less the local mafia tax.
2500x 230GH/s = 60 000 USD per week ... so electrical bill is OK
THe other week is formely to pay miner material (supply and miner) + local and employees.
So the boss have 120 000 USD per month for him... less the local mafia tax.
It is crazy. I wonder if Satoshi ever envisioned it would become this big. Does it say how much they actually earn? I noticed it said they spend 60kUSD a month merely on electricity.
Wow, that's huge. Crazy to see how far bitcoin has become. And people still say China has banned bitcoin?
Inside a Chinese Bitcoin Mine
http://www.thecoinsman.com/2014/08/bitcoin/inside-chinese-bitcoin-mine/
http://www.thecoinsman.com/2014/08/bitcoin/inside-chinese-bitcoin-mine/
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