BitFury turns down the heat with purchase of Allied Control

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: philipma1957 on January 30, 2015, 03:32:26 PM

very interesting article. too bad if it works.

I always preferred pushing bitcoin as spaceheaters. Rather then buying this item for 50 bucks.

http://www.amazon.com/DeLonghi-EW7707CM-Safeheat-ComforTemp-Oil-Filled/dp/B000TGDGLU/ref=sr_1_1?ie=UTF8&qid=1422649509&sr=8-1&keywords=electric+oil+heater

buy this for 110

http://www.ebay.com/itm/Antminer-S3-441-GH-s-overclocked-460-470-Bitcoin-Asic-Miner-/291365924459?pt=LH_DefaultDomain_0&hash=item43d6c32e6b

I am not against bitfury making money I just don't see how the BTC network can survive with 3 or 4 super companies.

I don't think investors would want the coins. But that looks like where we are going.
I hate to hoping for a major meltdown of Bitfury+Allied Control new plant as the only way for me to mine.

Remember the flooding that happened to Western Digital's plant?

i don't even see 3-4 if they get 0.2GH/w and have cooling, more like one, two at most.
they will become like old ATT for a while and the nature of bitcoin will change.
Instead of miners, they will produce something like "transaction centers", where they will/might rent capability to others, mostly companies.
Too bad that i still have some btc, which are underwater.

philipma1957

legendary

Activity: 4354

Merit: 9201

'The right to privacy matters'

very interesting article. too bad if it works.

I always preferred pushing bitcoin as spaceheaters. Rather then buying this item for 50 bucks.

http://www.amazon.com/DeLonghi-EW7707CM-Safeheat-ComforTemp-Oil-Filled/dp/B000TGDGLU/ref=sr_1_1?ie=UTF8&qid=1422649509&sr=8-1&keywords=electric+oil+heater

buy this for 110

http://www.ebay.com/itm/Antminer-S3-441-GH-s-overclocked-460-470-Bitcoin-Asic-Miner-/291365924459?pt=LH_DefaultDomain_0&hash=item43d6c32e6b

I am not against bitfury making money I just don't see how the BTC network can survive with 3 or 4 super companies.

I don't think investors would want the coins. But that looks like where we are going.
I hate to hoping for a major meltdown of Bitfury+Allied Control new plant as the only way for me to mine.

Remember the flooding that happened to Western Digital's plant?

Bicknellski

hero member

Activity: 924

Merit: 1000

Wow! This is interesting. What else can that canned heat you take out of the system do for a cloud operation? Installed on a farm with an existing biodigestor genset system is quite feasible and could be zero $$$ power cost.

As part of a move to expand into supercomputing and deal with the excess heat that is a byproduct of bitcoin mining, BitFury Group, a bitcoin infrastructure provider and transaction processing company, has purchased Allied Control, which makes cooling systems for supercomputing and data centers.

Topic: BitFury turns down the heat with purchase of Allied Control (Read 1201 times)