Have you seen the news about this mining farm?

Eric Mu

sr. member

Activity: 471

Merit: 500

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

sr. member

Activity: 350

Merit: 251

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

hero member

Activity: 1274

Merit: 622

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

sr. member

Activity: 471

Merit: 500

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

Betwrong

legendary

Activity: 3500

Merit: 2246

🌀 Cosmic Casino

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

legendary

Activity: 1162

Merit: 1009

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

legendary

Activity: 1050

Merit: 1000

ARG stop quoting pictures guys!

Yet another massive mining farm to come online.

erik m.

jr. member

Activity: 48

Merit: 10

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

sr. member

Activity: 471

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

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

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

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

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

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Teraboy on November 08, 2016, 04:56:20 AM

Quote from: mwizard on November 07, 2016, 05:48:27 PM

It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.

But at first, I don't think if that is fully for mining, In my mind "are the mining activities included in the computing activities?"
Are you mean there are a lot of the activities besides of mining in there?

It also makes sense to be used for cloud storage. It would mean China's cheap access to a lot of people's data.
Unless proven otherwise, this may not be a mining facility. If it's in the news, I don't see why would they not tell what they do. Meaning, if the Chinese start bragging about something, they do it properly.
And since they control their news, if they want to hide it, they just hide it and it's done.

So yeah.. let's see what happens, but this is interesting news. It's officially not a mining facility, from that I see.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: mwizard on November 07, 2016, 05:48:27 PM

Settle down. Nowhere is there anything saying this is a giant Bitcoin mining center.

Thanks for representing my curious feels.

Quote from: mwizard on November 07, 2016, 05:48:27 PM

It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.

But at first, I don't think if that is fully for mining, In my mind "are the mining activities included in the computing activities?"
Are you mean there are a lot of the activities besides of mining in there?

Quote from: spartak_t on November 08, 2016, 04:02:34 AM

Quote from: mwizard on November 07, 2016, 05:48:27 PM

Settle down. Nowhere is there anything saying this is a giant Bitcoin mining center.

It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.

You do realize that even if 20% of its capacity are using for mining, it would become of the world's largest mining farms/pools?

I doubtful for that.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: mwizard on November 07, 2016, 05:48:27 PM

Settle down. Nowhere is there anything saying this is a giant Bitcoin mining center.

It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.

You do realize that even if 20% of its capacity are used for mining, it would become one of the world's largest mining farms/pools?

mwizard

full member

Activity: 203

Merit: 100

Settle down. Nowhere is there anything saying this is a giant Bitcoin mining center.

It is described as a "data center". Presumably there are lots of users of different types including crypto currency miners.

Wilhelmus

newbie

Activity: 44

Merit: 0

Fact that it is Bitmain at the commands reassure me a bit for now, because it could be worst. I mean, they're practically part of the Bitcoin in itself.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: shinratensei_ on November 06, 2016, 06:04:29 AM

Quote from: Daisy14 on November 05, 2016, 11:52:10 PM

China appears to be controlling bitcoin now, Chinese are responsible for the present increase in price.

Even you're not wanna for realize about the previous post and reading them for slowly, your post is out of the general things are contained in here. it's about new bitmain's facility and so far from the china's government, that's why I can recognize you a pure spammer, right?

Bitmain said in a tweet that they will only control a small part of the hashing power and the rest will be controlled by miners. Not sure what % of the hash though.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: Daisy14 on November 05, 2016, 11:52:10 PM

China appears to be controlling bitcoin now, Chinese are responsible for the present increase in price.

Even you're not wanna for realize about the previous post and reading them for slowly, your post is out of the general things are contained in here. it's about new bitmain's facility and so far from the china's government, that's why I can recognize you a pure spammer, right?

Daisy14

full member

Activity: 238

Merit: 100

China appears to be controlling bitcoin now, Chinese are responsible for the present increase in price.

chesatochi

sr. member

Activity: 812

Merit: 252

Quote from: xuan87 on November 04, 2016, 06:41:33 PM

Quote from: Shiroslullaby on November 04, 2016, 03:52:07 PM

Quote from: spartak_t on November 03, 2016, 10:00:31 AM

Hmm... according to Peter Todd this farm would be as much as 75% of world's hashing power: https://twitter.com/petertoddbtc/status/793877455639498752

Having 75% of the world's hashing power in one location and controlled by one company is actually terrifying.
I feel like if this actually happens it will greatly affect the entire Bitcoin ecosystem.
China will definitely be firmly in control of Bitcoin, even more so than they currently are...

It is a very large mining farm, it is not a very good news, the last thing we want is one country controlling the miner because of the whale activity, we need another party to balance the mining, so it is not controlled by china, but i should say China really develop their technology for bitcoin, the good effect is our transaction speed will be faster, the bad side is, if this continue china can control bitcoin

I am not an expert on the security of bitcoin, but I remember when I read a book about the subject. If someone reach 51% of the mining, it can make an attack or something around it. That could be dangerous if China control most of mining operations. Also, I know the electricity cost is not very high and they should make a nice profit from it.

Otherwise, they will not invest to develop on infrastructure of this size.

xuan87

legendary

Activity: 1666

Merit: 1001

Quote from: Shiroslullaby on November 04, 2016, 03:52:07 PM

Quote from: spartak_t on November 03, 2016, 10:00:31 AM

Hmm... according to Peter Todd this farm would be as much as 75% of world's hashing power: https://twitter.com/petertoddbtc/status/793877455639498752

Having 75% of the world's hashing power in one location and controlled by one company is actually terrifying.
I feel like if this actually happens it will greatly affect the entire Bitcoin ecosystem.
China will definitely be firmly in control of Bitcoin, even more so than they currently are...

It is a very large mining farm, it is not a very good news, the last thing we want is one country controlling the miner because of the whale activity, we need another party to balance the mining, so it is not controlled by china, but i should say China really develop their technology for bitcoin, the good effect is our transaction speed will be faster, the bad side is, if this continue china can control bitcoin

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Quote from: spartak_t on November 03, 2016, 10:00:31 AM

Hmm... according to Peter Todd this farm would be as much as 75% of world's hashing power: https://twitter.com/petertoddbtc/status/793877455639498752

Having 75% of the world's hashing power in one location and controlled by one company is actually terrifying.
I feel like if this actually happens it will greatly affect the entire Bitcoin ecosystem.
China will definitely be firmly in control of Bitcoin, even more so than they currently are...

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

There are news that China plans to ban its people to move Bitcoin outside the nation so......

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Wicked Stuff..china loves BTC after all...I'm just waiting the day they will announce full integration and tolerance to BTC industry

HanSchultz

full member

Activity: 224

Merit: 100

Quote from: spartak_t on November 04, 2016, 07:28:09 AM

I just realized I've miscalculated their power. If we assume they are using S9 miners, then their hash power would be around 1500PH. For those who don't realize what this means I will only say that the current Bitcoin hashrate is about 2000PH...

2000 PH oh my god,never realized the monopoly to control the entire hashing power is just not right ,but who else is challenging the Chinese ,i bet no one would challenge them.China will be controlling bitcoin forever

chesatochi

sr. member

Activity: 812

Merit: 252

Is unbelievable they build place like that only for mining Bitcoin... I am curious how much a place like this should cost to build and how much profit they can make with all this hashrate power !

Also, how many people will work there?

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

I just realized I've miscalculated their power. If we assume they are using S9 miners, then their hash power would be around 1500PH. For those who don't realize what this means I will only say that the current Bitcoin hashrate is about 2000PH...

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

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

Oilacris

hero member

Activity: 2996

Merit: 609

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.

As op mentioned it would nearly acomplished and would operate this December and we could somehow say that its nearly finished and they made the plan which are shown on the picture. It might not be lived pictures as of now but its existing and true which means this is really a huge project with multi million dollar investment. This kind of news is awesome. FOr those people who say they would operate cloudmining, i think they would not do that for sure.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: spartak_t on November 03, 2016, 04:01:02 AM

Quote from: shinratensei_ on November 02, 2016, 07:56:11 PM

Just using the ASIC miner s9 with 14TH/s and will consuming 1475 watt. this a new generation of the mining tools.

https://www.reddit.com/r/btc/comments/5aoskg/bitmains_new_xinjiang_computing_center_to_be/
https://bitcointalksearch.org/topic/m.16758689

My calculations were based on the S9, but I thought its power consumption is 1375, not 1475 watt...

Okay, nice correcting and thanks.

Quote from: spartak_t on November 03, 2016, 04:01:02 AM

Hmm... according to Peter Todd this farm would be as much as 75% of world's hashing power: https://twitter.com/petertoddbtc/status/793877455639498752

And Bitmain confirmed they are involved: https://twitter.com/BITMAINtech/status/794072384483442688

So, this is real...

But, it's too far from word of the completion and bitmain just having little shares on the planned facility?
I thought the miner are so rich. Thanks for this one also.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Hmm... according to Peter Todd this farm would be as much as 75% of world's hashing power: https://twitter.com/petertoddbtc/status/793877455639498752

And Bitmain confirmed they are involved: https://twitter.com/BITMAINtech/status/794072384483442688

So, this is real...

HanSchultz

full member

Activity: 224

Merit: 100

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

Betwrong

legendary

Activity: 3500

Merit: 2246

🌀 Cosmic Casino

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.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: shinratensei_ on November 02, 2016, 07:56:11 PM

Just using the ASIC miner s9 with 14TH/s and will consuming 1475 watt. this a new generation of the mining tools.

https://www.reddit.com/r/btc/comments/5aoskg/bitmains_new_xinjiang_computing_center_to_be/
https://bitcointalksearch.org/topic/m.16758689

My calculations were based on the S9, but I thought its power consumption is 1375, not 1475 watt...

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: spartak_t on November 02, 2016, 10:34:06 AM

They are stating it would be ready by next month so I guess that its almost build. Anyways, can someone more familiar with the current ASICs try to estimate what would be their hash power? My best guess is about 150 PH, which is ~15% of the world's hashrate...

Just using the ASIC miner s9 with 14TH/s and will consuming 1475 watt. this a new generation of the mining tools.

https://www.reddit.com/r/btc/comments/5aoskg/bitmains_new_xinjiang_computing_center_to_be/
https://bitcointalksearch.org/topic/m.16758689

kay5ive

member

Activity: 67

Merit: 10

Quote from: spartak_t on November 02, 2016, 07:43:53 AM

"Bit mainland Xinjiang cloud computing center, is expected to be completed in early December, 45 room, three internal filter, clean, with between storage and maintenance, the total size of 140,000 kilowatts" (Google translator used)

Source: http://www.cybtc.com/forum.php?mod=viewthread&tid=16490

Will they offer Cloud Mining? If yes, then i would say that the cloud mining is totally flop now a days.

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

They are stating it would be ready by next month so I guess that its almost build. Anyways, can someone more familiar with the current ASICs try to estimate what would be their hash power? My best guess is about 150 PH, which is ~15% of the world's hashrate...

ImHash

hero member

Activity: 924

Merit: 506

Wow dude this almost looks like cgi, I mean wow, farming for what exactly? cryptocurrencies? can we rent?

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: spartak_t on November 02, 2016, 07:43:53 AM

"Bit mainland Xinjiang cloud computing center, is expected to be completed in early December, 45 room, three internal filter, clean, with between storage and maintenance, the total size of 140,000 kilowatts" (Google translator used)

Source: http://www.cybtc.com/forum.php?mod=viewthread&tid=16490

Nope, but seems like this are still in the project planning and not yet for get a real inplemantaion in the real life, totally this picture just a design from their project. Huh

http://www.chinadaily.com.cn/m/xinjiang/urumqi_hightech/2016-10/17/content_27085120.htm

I just got a little point but the goverment are totally stopping for building the computers labs and data centers. and died?

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

"Bit mainland Xinjiang cloud computing center, is expected to be completed in early December, 45 room, three internal filter, clean, with between storage and maintenance, the total size of 140,000 kilowatts" (Google translator used)

Source: http://www.cybtc.com/forum.php?mod=viewthread&tid=16490

Topic: Have you seen the news about this mining farm? (Read 18207 times)