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Topic: John McAfee will start BTC Mining - page 3. (Read 2401 times)

legendary
Activity: 1049
Merit: 1009
TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48
July 05, 2016, 06:35:28 PM
#13
10 petahash is very much. who was the peoples to have a lot money for buying miner farm for it.

of course it will have an impact on people who have hashrate under 10 petahash
sr. member
Activity: 336
Merit: 250
July 05, 2016, 06:06:51 PM
#12
John McAfee is planing a BTC mining farm with 10 Petahash/s

What do you think? Is he really going to do this?
And will something change if this "freak" will be a miner?

MGT Announces Initial Phase of Multi PetaHash Bitcoin and Blockchain Project
http://ir.stockpr.com/mgtci/company-news/detail/864/mgt-announces-initial-phase-of-multi-petahash-bitcoin-and-blockchain-project

http://www.heise.de/newsticker/meldung/John-McAfee-steigt-ins-Bitcoin-Mining-ein-3254804.html

Given the huge amount of money to be placed in such project, no one in their right mind would invest if it is not profitable. A new bitcoin farm like petahash will surely create a change in bitcoin economy. With the rise of bitcoin consumer population the rise of new mining farms will bring beneficial effects to faster bitcoin transactions.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
July 05, 2016, 06:00:20 PM
#11
Well, that's interesting because the guy will start mining after the halving, you need to believe in BTC! He's investing serious money, too. I'm expecting a substantial turn-over within the mining community. Not all will be able to keep up after the halving. Well, that unless BTC's doubling its value.
hero member
Activity: 574
Merit: 500
July 05, 2016, 05:29:28 PM
#10
For him that sort of purchase is probably a drop in the bucket. I don't think anyone will think negatively if he does it, it will just bring more attention to BTC.
well,this guy really has got potential.
i agree with you Dredd,if he can launch 10 petahash mine,it is not a problem for him to collect funds.
Imagine the montly electricity costs wow,that would be a huge amount.
legendary
Activity: 1470
Merit: 1001
July 05, 2016, 05:25:38 PM
#9
He will need a lot of electricity power, and i suppose that he had a good deal with low electricity prices with the hydro power plant. A big investment on bitcoin mining outside of china.
newbie
Activity: 28
Merit: 0
July 05, 2016, 05:16:25 PM
#8
damn, that's a lot!
probably good, most part of the hashpower comes from china and with that the "decentralization" will be a little more real.

That would definitely lower the chances of China gaining the 51%, but McAfee might now come close to it.  We shall see.
hero member
Activity: 490
Merit: 520
July 05, 2016, 05:14:47 PM
#7
I'm not sure why he would want to start mining Bitcoin, but I'm all for more people getting into the network.

10 Petahashes, though, is absolutely insane. I'm glad we're going to have more hashing power under the control of someone from North America, but it is still only a small portion of the entire network.

I actually looked up the current hashrate just for this topic, and those are insane numbers. I never knew it was that big.
full member
Activity: 210
Merit: 100
July 05, 2016, 04:59:37 PM
#6
damn, that's a lot!
probably good, most part of the hashpower comes from china and with that the "decentralization" will be a little more real.
legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
July 05, 2016, 04:39:16 PM
#5
How big investment he is planning to do? And I don't understand german language which ob second link, or there only same information as in first link?
sr. member
Activity: 517
Merit: 257
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July 05, 2016, 04:32:12 PM
#4
For him that sort of purchase is probably a drop in the bucket. I don't think anyone will think negatively if he does it, it will just bring more attention to BTC.
member
Activity: 110
Merit: 10
July 05, 2016, 04:21:53 PM
#3
Thats a lot of hash power. He is an eccentric with money, so if anyone can do it he can. And will.

Yeah he is so eccentric with lots of money, it is kind of funny,
full member
Activity: 134
Merit: 100
July 05, 2016, 03:14:05 PM
#2
Thats a lot of hash power. He is an eccentric with money, so if anyone can do it he can. And will.
legendary
Activity: 1498
Merit: 1117
July 05, 2016, 03:01:53 PM
#1
John McAfee is planing a BTC mining farm with 10 Petahash/s

What do you think? Is he really going to do this?
And will something change if this "freak" will be a miner?

MGT Announces Initial Phase of Multi PetaHash Bitcoin and Blockchain Project
http://ir.stockpr.com/mgtci/company-news/detail/864/mgt-announces-initial-phase-of-multi-petahash-bitcoin-and-blockchain-project

http://www.heise.de/newsticker/meldung/John-McAfee-steigt-ins-Bitcoin-Mining-ein-3254804.html
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