Have you seen the news about this mining farm?

Eric Mu

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Quote from: DimensionZ on December 04, 2016, 10:18:00 AM

If you are not allowed to enter the premises could you try to fly a drone around and at least try to observe from above what the place looks like. Do you have a friend who is a journalist? Maybe if you tell them that you want to write a piece about their operation they would let you go in. Just an idea Wink

I am a journalist myself - worked in the media before and still a paid contributor of CoinDesk and a few other non-bitcoin outlets.

Re the DC, I think it is probably not what it claims to be, just a hunch but being a Chinese and know how the Chinese think and behave...

Anyway, I am too busy setting up my own farm. Once things settle down a little, I may visit at my own expense.

DimensionZ

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Shit, did I leave the stove on?

If you are not allowed to enter the premises could you try to fly a drone around and at least try to observe from above what the place looks like. Do you have a friend who is a journalist? Maybe if you tell them that you want to write a piece about their operation they would let you go in. Just an idea Wink

just_Alice

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Quote from: Eric Mu on November 23, 2016, 12:00:36 AM

If someone can contribute to my traveling cost - won't ask for much, 1 bitcoin should be enough, I can visit the place and write a detailed report and publish it here.

That's a great idea, but what if they won't permit you to enter the site? I think that is very possible because if they are lying they are not interested in a detailed report about their lies. Of course maybe you have the authority to enter anywhere, I don't know about that, but if you don't then the chances are it's impossible to make such a report.

Eric Mu

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If someone can contribute to my traveling cost - won't ask for much, 1 bitcoin should be enough, I can visit the place and write a detailed report and publish it here.

spartak_t

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Quote from: tmfp on November 18, 2016, 12:16:19 PM

Quote from: spartak_t on November 18, 2016, 07:08:24 AM

Quote from: X7 on November 17, 2016, 08:58:30 PM

From what I heard this is a real thing, they also support bitcoin unlimited no doubt thanks to Roger Ver - not sure how this will all pan out.

WTF?! Any proofs or sources?

http://www.coindesk.com/viabtc-mystery-miner-bitcoin-scaling-future/

https://www.cryptocoinsnews.com/majority-miners-planning-shift-bitcoin-unlimited-says-viabtcs-founder/

I know that ViaBTC is backed by Bitmain, but it appears that Bitmain are playing both sides. It was recently revealed that Roger Ver was prepared to pay extra 12,5 BTC per block out of his own pocket to the ones who mine Bitcoin Unlimited.

tmfp

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Quote from: spartak_t on November 18, 2016, 07:08:24 AM

Quote from: X7 on November 17, 2016, 08:58:30 PM

From what I heard this is a real thing, they also support bitcoin unlimited no doubt thanks to Roger Ver - not sure how this will all pan out.

WTF?! Any proofs or sources?

http://www.coindesk.com/viabtc-mystery-miner-bitcoin-scaling-future/

https://www.cryptocoinsnews.com/majority-miners-planning-shift-bitcoin-unlimited-says-viabtcs-founder/

spartak_t

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The project is very much real, though one can speculate on the hash power.

Betwrong

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Quote from: HanSchultz on November 03, 2016, 06:56:20 AM

Quote from: Betwrong on November 03, 2016, 06:17:27 AM

Looks fantastic, but those are not actual pictures. Sine they are Computer generated images we can't know what is really going on on the site. I'd be very cautious if they'd propose cloud mining because they can't even show real pictures to prove they have that farm.

you wont be able to see the full pictures before the completion of the project unless and until someone involved in the project starts leaking the images.why would you think that they would propose cloud mining

looking at the images it is a massive project with multi million dollar investment. Hope to get to know the rest of the details soon

Actually that's what I'm talking about. If they propose cloud mining I hope not many people will fall for that. Computer generated images do not say about anything except that all this is looking very suspicious. Some people say they are real though, I mean they say that the project is not a fake.

spartak_t

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Quote from: X7 on November 17, 2016, 08:58:30 PM

From what I heard this is a real thing, they also support bitcoin unlimited no doubt thanks to Roger Ver - not sure how this will all pan out.

WTF?! Any proofs or sources?

X7

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Let he who is without sin cast the first stone

From what I heard this is a real thing, they also support bitcoin unlimited no doubt thanks to Roger Ver - not sure how this will all pan out.

Eric Mu

sr. member

Activity: 471

Merit: 500

Quote from: spartak_t on November 17, 2016, 10:21:06 AM

Quote from: Eric Mu on November 17, 2016, 10:05:23 AM

Bitmain dominating Bitcoin would be pretty bad - as bad as any one single entity dominating Bitcoin. The system is designed to work best when the interest of participants stays disparate.

They've stated that they will "only own small part of the farm and the rest would be owned by miners".

Yes, they've STATED...

takagari

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ARG stop quoting pictures guys!

Yet another massive mining farm to come online.

erik m.

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Quote from: spartak_t on November 04, 2016, 06:41:31 AM

I won't say its awesome. China will control Bitcoin mining even more...

At first I thought it might be awesome, after all it's more hashpower being added to the network. But then I saw from this perspective, and in fact it's something to worry about.

spartak_t

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Quote from: Eric Mu on November 17, 2016, 10:05:23 AM

Bitmain dominating Bitcoin would be pretty bad - as bad as any one single entity dominating Bitcoin. The system is designed to work best when the interest of participants stays disparate.

They've stated that they will "only own small part of the farm and the rest would be owned by miners".

Eric Mu

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Merit: 500

Bitmain dominating Bitcoin would be pretty bad - as bad as any one single entity dominating Bitcoin. The system is designed to work best when the interest of participants stays disparate.

ethereumhunter

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once again, china controlling the world in bitcoin business by building and doing large mining area, they will have big hashrate for that big building. when i visit on their website, i see that they are not offering cloud mining like bitmain.

NeuroticFish

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Quote from: spartak_t on November 09, 2016, 11:13:04 AM

Maybe we don't have to worry, because the Bitcoin network will be even more secured and the diff. rise would probably affect BTC price (same goes for some altcoins), but it would prove what I'm saying for ages: Decentralization is a dream.

This is true. And, in theory, Chinese would not "break" the network simply because it would be bad business.
But it doesn't hurt to worry a little and keep the eyes open....

Quote from: spartak_t on November 09, 2016, 11:13:04 AM

EDIT: This post just made me a Legendary member. Much wow, such BS. Cheesy

Congrats!

You know? Sometime I wish I was Hero again, especially when some people think that if you are Legendary you cannot mistake anymore.
But yeah, enjoy your new rank, I don't want to spoil that Cheesy

spartak_t

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Quote from: NeuroticFish on November 09, 2016, 05:39:37 AM

Quote from: spartak_t on November 08, 2016, 05:04:17 AM

Quote from: NeuroticFish on November 08, 2016, 05:02:23 AM

It's officially not a mining facility, from that I see.

You (and the guy above) are not reading.

https://twitter.com/BITMAINtech/status/794072384483442688

EDIT: https://twitter.com/bulgar1an/status/794515941874929664

Wow

Indeed, I didn't read that.
And now I fully understand you and your worries.
And still BTC price is "up like a Trump" and the alts are going bad...
Too many vectors for speculation, I don't like that....

Maybe we don't have to worry, because the Bitcoin network will be even more secured and the diff. rise would probably affect BTC price (same goes for some altcoins), but it would prove what I'm saying for ages: Decentralization is a dream.

EDIT: This post just made me a Legendary member. Much wow, such BS. Cheesy

NeuroticFish

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Quote from: spartak_t on November 08, 2016, 05:04:17 AM

Quote from: NeuroticFish on November 08, 2016, 05:02:23 AM

It's officially not a mining facility, from that I see.

You (and the guy above) are not reading.

https://twitter.com/BITMAINtech/status/794072384483442688

EDIT: https://twitter.com/bulgar1an/status/794515941874929664

Wow

Indeed, I didn't read that.
And now I fully understand you and your worries.
And still BTC price is "up like a Trump" and the alts are going bad...
Too many vectors for speculation, I don't like that....

spartak_t

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Quote from: NeuroticFish on November 08, 2016, 05:02:23 AM

It's officially not a mining facility, from that I see.

You (and the guy above) are not reading.

https://twitter.com/BITMAINtech/status/794072384483442688

EDIT: https://twitter.com/bulgar1an/status/794515941874929664

Topic: Have you seen the news about this mining farm? (Read 18186 times)