Author

Topic: Bitcoin Mine (Read 677 times)

legendary
Activity: 924
Merit: 1002
February 08, 2015, 07:44:16 AM
#10
At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed  Grin

Since they have some cost of running this they need to pay in fiat for electricity etc. Then I expect even more then 50/50.

Quote
whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)
sr. member
Activity: 462
Merit: 251
February 08, 2015, 04:51:24 AM
#9
At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed  Grin

whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)
Yep, they are using those crappy exchanges only when they want to manipulate the price and cause panic. It usually works  Sad
legendary
Activity: 4214
Merit: 4458
February 07, 2015, 04:16:24 AM
#8
At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed  Grin

whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)
full member
Activity: 182
Merit: 100
February 07, 2015, 04:02:05 AM
#7
At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed  Grin

It might be just like the forums, people starting threads that they sold their houses to buy bitcoin, just to get people believe and not sell as well Tongue
sr. member
Activity: 462
Merit: 251
February 07, 2015, 03:57:27 AM
#6
At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed  Grin
full member
Activity: 182
Merit: 100
February 07, 2015, 03:46:46 AM
#5
" This one mines 20 to 25 bitcoins a day, although it was producing 100 coins a day at its peak. "
Thats 4000$ a day. Not that bad. But they used to earn 100 BTC at >600$ , so around 60,000$ a day. Must have become millionaires.
sr. member
Activity: 448
Merit: 250
February 07, 2015, 03:44:04 AM
#4
VICE is one of the best shows on TV these days...Its nice to see this subject covered by a new up and coming piece of Journalism gold.
legendary
Activity: 1736
Merit: 1023
February 06, 2015, 07:06:36 PM
#3
This video was actually really well done. It was pretty cool to see the inside of a large bitcoin mining facility like this.

Those extractor fans look pretty powerful lol, wouldn't want to get too close to them.

The employees get to play PC games while monitoring the miners too. Nice!
legendary
Activity: 1204
Merit: 1028
February 06, 2015, 06:58:04 PM
#2
Thanks for that, i love vice's work, they always risk a lot of shit and have some of the wittiest guys as reporters.
full member
Activity: 214
Merit: 100
1KippERXwH1PdBxKNt1ksgqh89WBv6CtWQ
February 06, 2015, 04:05:02 PM
#1
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