China is going to produce container-sized 1 PETAHASH/S BTC mining machine. - page 2.

worhiper_-_

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Quote from: brontosaurus on September 24, 2015, 12:01:53 PM

1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

At this size efficiency surely matters more as mining at loss would not be sustained but it's not two generations out of date in any way. @ .23 Watts per Gh/s it's even more efficient than Antminer's s7.

majestymage

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Quote from: HeroCat on September 24, 2015, 09:15:22 AM

Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC Sad

i really do not think so...if this is real the difficulty will explode and more and more people will prefer to buy btc as a countermeasure for not be able to mine as much

brontosaurus

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1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

teddy5145

hero member

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Merit: 528

Just imagine the electricity this thing will eat Cheesy

With a really big bills i won't believe that miners will get ROI that fast Wink

worhiper_-_

hero member

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~~Can I have a link to the source of the announcement?~~

Nvm, I found where that image is from. here's a link

https://www.bitbank.cn/

They also own bitbank.com but won't even show up as the a first page result when googling the name.

I hope this won't end up being vaporware.

unamis76

legendary

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To start off, guarateed ROI is a lie. Chinese marketing, I guess Cheesy

Interested to know n what kind of hardware this is running... Seems indeed like a really powerful container! I'm also curious on how much would setting up something like this would cost, instead of just buying their container.

Amph

legendary

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Quote from: HeroCat on September 24, 2015, 09:15:22 AM

Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC Sad

hopefully the block halving is near enough to counteract this type of problem easily, so i'm not worried too much about this possibility

if they can not increase their efficiency, it does not matter how many peta they will throw at the network, they will lose profit at the end

HeroCat

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Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC Sad

biggbox

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I am not affiliated to the companies below.

We all know that China can produce cheaper mining equipment due to low labour cost and low raw material cost. But I did not expect things to blow out of proportion in this manner. Looks like they are producing a container size mining machine running at 1 petahash/s.

Expected to cost 2.8 million RMB or US $438,905 each. If you were to partner with BitBank to procure this beast, you and Bitbank pay 1 million RMB or US$156,629 each. The poster says Guaranteed ROI before 1 Oct 2016, followed by 45% profit.

Photo of the container:

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