Chinese Bitcoin Mine That's Making $1.5M a Month - page 2.

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: unamis76 on February 07, 2015, 03:11:40 PM

Quote from: mayax on February 07, 2015, 03:04:30 PM

Quote from: unamis76 on February 07, 2015, 02:49:45 PM

For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits Wink

As for maintenance... Well, 24/7 maintenance, what's better than that?! Grin

that movie is from August 2014 when the price was around of 450

Yes, but would it be published if they were closed? I find that odd...

they didn't close yet. I am not sure how they are paying all the bills with the actual BTC price

unamis76

legendary

Activity: 1512

Merit: 1012

Quote from: mayax on February 07, 2015, 03:04:30 PM

Quote from: unamis76 on February 07, 2015, 02:49:45 PM

For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits Wink

As for maintenance... Well, 24/7 maintenance, what's better than that?! Grin

that movie is from August 2014 when the price was around of 450

Yes, but would it be published if they were closed? I find that odd...

elephantas1

sr. member

Activity: 378

Merit: 250

Quote from: mayax on February 07, 2015, 03:04:30 PM

Quote from: unamis76 on February 07, 2015, 02:49:45 PM

For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits Wink

As for maintenance... Well, 24/7 maintenance, what's better than that?! Grin

that movie is from August 2014 when the price was around of 450

what movie, what are you talking about? am i missing something, because the article is posted on this year

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: unamis76 on February 07, 2015, 02:49:45 PM

For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits Wink

As for maintenance... Well, 24/7 maintenance, what's better than that?! Grin

that movie is from August 2014 when the price was around of 450

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: newIndia on February 06, 2015, 01:56:58 PM

Quote from: BitUsher on February 06, 2015, 01:42:10 PM

Chinese Bitcoin Mine That's Making $1.5M a Month

6 of these locations in china secure and process 3% of the Bitcoin transactions.

http://motherboard.vice.com/read/chinas-biggest-secret-bitcoin-mine

Is it Discus Fish anyway ?

I don't think so as they state in the video that their computing power is good for 3 percent of the network.

DiscusFish aka F2Pool has a far higher percentage of the network.

unamis76

legendary

Activity: 1512

Merit: 1012

For folks saying their profit is lowering/no profit... For me, they seem to be doing good, they would have already shutdown if they weren't having HUGE profits Wink

As for maintenance... Well, 24/7 maintenance, what's better than that?! Grin

mayax

legendary

Activity: 1470

Merit: 1004

Quote from: ranochigo on February 07, 2015, 10:46:31 AM

The amount of miners in just one facility is already huge, let alone 6. I wonder how would they keep up with the maintenance of so much devices. And the heat generated would be huge with the increasing difficulty and dipping prices, the chances of profit are lower now.

the profit is almost zero IF you have to pay the electricity. Do not forget that they have to buy NEW hardware every year.

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: redsn0w on February 07, 2015, 10:40:53 AM

Quote from: thejaytiesto on February 07, 2015, 10:39:14 AM

Yeah I saw this documentary last night. Totally scary and eerie the vibe i got from that building, that noise is really mesmerizing.

I'm thinking : how someone can sleep in that building? It is crazy Undecided

... I can't.

The living and mining area are separated.

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

The amount of miners in just one facility is already huge, let alone 6. I wonder how would they keep up with the maintenance of so much devices. And the heat generated would be huge with the increasing difficulty and dipping prices, the chances of profit are lower now.

redsn0w

legendary

Activity: 1778

Merit: 1043

#Free market

Quote from: thejaytiesto on February 07, 2015, 10:39:14 AM

Yeah I saw this documentary last night. Totally scary and eerie the vibe i got from that building, that noise is really mesmerizing.

I'm thinking : how someone can sleep in that building? It is crazy Undecided

... I can't.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Yeah I saw this documentary last night. Totally scary and eerie the vibe i got from that building, that noise is really mesmerizing.

unamis76

legendary

Activity: 1512

Merit: 1012

Quote from: gogxmagog on February 06, 2015, 08:05:13 PM

I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"

Cost of operating is 80000$ monthly

looks like a massive fire hazard.

These farms seem to be well maintained, and don't forget they have people there 24/7. In case anything goes wrong, it can be quickly controlled.

I think smaller home miners have as much fire hazard as this farm

Bitcoinexp

hero member

Activity: 544

Merit: 500

"Strangely, the mine’s workers actually live inside the facility itself, returning home just four or five days a month.

In the summer months, temperatures inside are in excess of 100 degrees, and a persistent, deafening buzz is always present due to the dozens of industrial fans required to maintain a steady temperature for the site’s 3,000 ASIC miners—custom-built computers specifically built for mining bitcoins. "

How can they even survive? Shocked

Do they have like special sound-proof living quarters? I can't even stand one miner running, the constant humming drives me nuts... I guess it's no big deal, if they are making ~900,000USD at current rates.

Agestorzrxx

sr. member

Activity: 462

Merit: 250

Anyone can join the miner. Wink

LibertyRemains

newbie

Activity: 13

Merit: 3

Very nice operation they have going there...
One could only hope they don't always dump on the market, and it would be wise of them to at least hold a decent percentage of that as Bitcoin.

mayax

legendary

Activity: 1470

Merit: 1004

I think there are only few BTC farms around.

there is only 1 mil USD /day for all the BTC miners. it is almost impossible to make profit unless you have free electricity.

Q7

sr. member

Activity: 448

Merit: 250

Looks impressive. Just wondering, if it's such a secretive operation, then why would they allow anyone in to their facility in the first place?

vennali

legendary

Activity: 2338

Merit: 1081

#SWGT CERTIK Audited

Quote from: gogxmagog on February 06, 2015, 08:05:13 PM

I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"

Cost of operating is 80000$ monthly

looks like a massive fire hazard.

There have been a few that burned down. They should keep their fire safety in check otherwise..BOOM

readysalted89

sr. member

Activity: 327

Merit: 250

Quote from: gogxmagog on February 06, 2015, 08:05:13 PM

I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"

Cost of operating is 80000$ monthly

looks like a massive fire hazard.

In August bitcoin was worth $600+, about twice what it was worth during the October low. Their profits must have dropped considerably since then.

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

I watched the video and thought he said they made 1.5 $m since they opened. Video was filmed in October 2014, and factory had beeen open a "couple of months"

Cost of operating is 80000$ monthly

looks like a massive fire hazard.

Topic: Chinese Bitcoin Mine That's Making $1.5M a Month - page 2. (Read 2995 times)