Topic: Large bitcoin farm in Thailand burns down - page 2. (Read 6463 times)
They are already running underwater, mined coins does not cover the electricity cost, so they decided to have a fireworks
O, the humanity!
Wow, crazy....something tells me they don't have insurance.
No chance.
bleeding-edge hardware - check
high power consumption - check
dense packaging - check
time-critical installation - check
possibly suboptimal cooling - check
possibly hastily trained personnel - check
I think no insurer in their right might would cover a bitcoin mining operation.
Im sure some insurers would cover farms, Id bet that a lot of the western farms operated by the bigger operators are insured in at least some capacity.
Risk and reward though for the operator. The operation would have paid big with the cheaper power/staff/rent by being where it was and possibly somewhere nobody would insure it.
Wow, crazy....something tells me they don't have insurance.
No chance.
bleeding-edge hardware - check
high power consumption - check
dense packaging - check
time-critical installation - check
possibly suboptimal cooling - check
possibly hastily trained personnel - check
I think no insurer in their right might would cover a bitcoin mining operation.
Wow, crazy....something tells me they don't have insurance.
No chance.
Its a disaster!
How much toxic pollution was here made?
very bad news i hope noone was hurt
twitter says it happened 14th october.
hashrate was 266peta and dropped to 243peta so less then 10% of the network at most
It wasn't a wooden shed.
It was operated by expats.
Also, please keep racist slurs out of the forum.
It was operated by expats.
Also, please keep racist slurs out of the forum.
I am personally curious as to how much mining capacity (in terms of PH/s) was lost
Apparently not much:
http://bitcoin.sipa.be/speed-lin-10k.png
Seems like it. Wondering already how Coindesk made this up:
Quote
The incident was reported in local media, but the bitcoin community started realising something was wrong before the news broke, as the disaster seemed to have caused a drop in the hash rate.
But then, it's Coindesk after all...
really ?? they turned a wooden barn into a mining farm data center ?? wow i have never seen that before.
Haha. That's a typical thai mindset tho.
I am personally curious as to how much mining capacity (in terms of PH/s) was lost
Apparently not much:
http://bitcoin.sipa.be/speed-lin-10k.png
Someone posted the original story on twitter and theres no mention of bitcoin mining there..
Maybe it was just a data center?
Maybe it was just a data center?
Wonder what it was insured for. I wouldn't put it past desperate miners to burn down their farm in order to recoup the costs they paid for their now unprofitable equipment.
It is reported above that there was no insurance (insurance is not as common in less developed parts of the world). I am personally curious as to how much mining capacity (in terms of PH/s) was lost
Wonder what it was insured for. I wouldn't put it past desperate miners to burn down their farm in order to recoup the costs they paid for their now unprofitable equipment.
Mining has its risks.
how does this affect the bitcoin enviroment?
more dump or lower dump?
i don't really know
Market not yet responded more dump or lower dump?
i don't really know
Interesting, another risk of centralized mining operations. They have to buy insurance and invest more in security. All overhead that individuals owning 1 ASIC each do not need.
Muuuuhahahahha...crazy arse asians are always doing dodgy shit.
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