Topic: Biggest Bitcoin Mining Operation in Texas (Read 5261 times)

Nice equipment!

I noticed one thing, aren't the videocards of the scrypt mining rig too close?
They seem to lean each other in groups of three, the have about 1 millimeter of fresh air 

This is a good question and one that I'm still searching for the answer to. In the mining world, obsolete usually means it costs more to operate than it will pay back in mining rewards. This is different to say, a computer that is obsolete which can still perform all of it's original functions. The ever-rising difficulty ensures that within a few months, all your fellow miners will have pushed the difficulty up so high that you're mining a fraction of what you used to. You'll be paying more in electricity than your miner produces. You can either sell your mining hardware at a loss, or continue mining at a loss. If you sell it, you can reinvest that money into another faster miner that will also never ROI, or cut your losses at that point.

I really don't understand the allure of mining, even though I'm a miner. 

Nice rig.  it will take about years before it will be obsolete especially if you knew how to tweak things.

Really interesting setup, so are you solo mining or on a pool?

What is the electricity cost?

Caution: Likely ponzi scam

Now that is not the case.  Without the mining arms race, we'd just run the network on our cpu.    Theres no great reason to have all this development except having one up on the next guy for a while until he gets something better and so on.
If we all just agreed to stick to cpu, the coin itself would have been just the same and we could expended the effort on something else.   However capitalism is not this way, always someone wants to make just a little more money then the next guy and so he'll invest to get that reward and so on.

My question has always been did the difficulty raises achieve any benefit for society or the users of the coins even.   The block time is fixed, all this tech didnt drop the transaction times.    So, I do wonder I guess its all in the name of security

In a capitalist competitive system there is a point, its to destroy efficency.   If one guy loses money on his old tech, generally society does gain from the new tech but here there seems no point to the asic.  I apologise if I miss the point but I think we should have one if it is correct that its lacking.   Lower the transaction times and vary the reward instead to stop excessive inflation - perhaps or maybe this makes problems with orphans or forks.   I dont know but hopefully good people are considering these things

nice operation 

Well without miners you wouldn't be on here talking about Bitcoin because it wouldn't exist so it's good that people do.

This is a very good question. Please give me the answer, :p.

That is a circular argument that goes on forever.

Something better is always just around the corner, so why would anyone ever invest in any mining hardware because it will be obsolete in a couple of months?

This is an awesome setup, but the issue is that in a couple of months it will be obsolete and you'll need to replace all that hardware or be losing money.

Impressive set up, great work. Wonder how many Countries AntMiners have made it to, they are everywhere.

How long are the standoffs in between the Babyjets?

Amazing setup there . How much did it cost lol .

Impressive!

Hah. Please do not call this mining rig. I would label it as Bitcoin mine. )

WOW

There's an elevator inside it !!

$14 million plus install costs thats one expensive fan !

You could use good old E-126 with 7.5 MW, a few of those are running not far from here in Rheinböllen. They look impressive if you pass near them on the highway, I think they would impress you neighbors and fellow miners too :-)

http://www.windpowermonthly.com/article/1138562/close---e126-worlds-biggest-turbine

And if your mining rig is running hot, you could wire them the other way around and use the as air cooler :-)