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

mayax

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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

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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

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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

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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

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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

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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

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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

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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

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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

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#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

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

unamis76

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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

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"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

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Anyone can join the miner. Wink

LibertyRemains

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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

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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

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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

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#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

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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

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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 2992 times)