Topic: Largest Bitcoin Mine In The UK - page 2. (Read 14694 times)

We're located just outside London, the specific location is kept private for security. Pre paid Colocation customers can come to visit/set up their hardware if they like. We have plenty of experience running server rooms.

  Is not so difficult to understand if you read some articles and ask for help here in the forum.

Interesting, are you able to confirm a couple of things:
 - Where is the info center located?
 - Who is running the DC, have they got relevant DC experience?

mining looks so complicated

That looks amazing. Looking forward to seeing more pictures.

I wonder if I can start a bitcoin mine in Kuwait, hmm...

Are those collection of speakers or mining rigs?I thought for a while they are loudspeakers ready for the concert

just a note, this isn't the biggest bitcoin mine in the UK 

I would like to know more that the profitability level and their mining rigs. Also i have found that Bitcoin mining is not so much profitable.

Looks like a nice setup and a little sci-fi freaky with that tunnel.

I suppose it's underground to get a 54F constant temperature?

I'm new to all this and was wondering if you could answer some questions about how it's possible to make a profit?  You could PM me or answer here with some kind of formula.

I used the bitcoinx calculator and it seems that the cost of the bitcoin miners like the KNC products prevent any profit and only they can make a profit in the 6-12 months before they ship while they run a minimum of 100 of their latest miners in their own pool.  Then they make about $USD500k in bitcoins every 6-12 months.

Am I right?  How do you make a profit?

Thanks for the update

Looks like I'm going to have to come and visit your Mine quite soon so as to reassure myself it actually exists ! No offence implied but now TimeToBit has fallen by the wayside along with Lunamine ... it doesn't do wonders for my Peace-of-Mind lol !

Cheers

The Stats page is useless we're looking for a programmer at the moment to rebuild it but it's quite complex and expensive to make it customer specific as we've sold such a range of products, lots of SQL! As always all contracts are running as normal. Horrible to see another scam, we've seen countless companies come and go since we started last year and even been done ourselves by Butterfly Labs.

Sorry to trouble you Justin and Sean, however it looks like your "Miner Stats" page isn't being updated at all ?

What with the apparent demise of Lunamine and the drop in BTC price over the last week I'm sure you can imagine that some people are wondering whether or not you're still up and running given that the stats page is showing the same set of figures for the last 6 days now !

Those changes you mentioned were implemented last weekend, thanks, but nothing since then ?

How about a Tweet or something to let your customers know the state of play even if it's just to say : "busy at the moment, we'll get round to it ASAP" ?

Pretty cool, hope to have something similar to that. That would be sick.

So largest

When i am having my own hardware i like to have it home. cloudmining could be interesting. its all about the price...

  Where are the rigs located exactly in uk? i would be interested.

I have issues with more than one of the other companies mentioned above none of which have proved in anyway whatsoever they're actually mining with your money. If you are who I think you are you've actually been to our mine.

Appreciate the rough figures though, we've just got a new bulk electricity deal as we use so much, which will take around 6 weeks to switch over but we're upgrading some of the old hardware to newer more efficient hardware so should bring the running costs down a bit and the revenue up. Working on a better stats page too with more data.

We'll be launching some new contracts this week. As usual discounted as much as we can for existing members.

Here's some VERY UNOFFICIAL rough and ready statistics I've put together as I was doing some comparison recently :

Bear in mind each of these have different plans and payout structures but unfortunately as far as I can make out GroupBitcoin don't do so well though I'd appreciate any figures from other people who've also got money invested in GroupBitcoin !

(Also bear in mind that these figures will be "out of date" as the "difficulty" increases in the coming weeks)

--------------------------------------------

TimeToBit = 0.0026 BTC per day per 100 GH/s

PBMining = 0.0025 BTC per day per 100 GH/s

Lunamine = 0.0021 BTC per day per 100 GH/s

GroupBitcoin = 0.0018 BTC per day per 100 GH/s

--------------------------------------------

There seemed to be an overly massive drop in GroupBitcoin's BTC output rate last month of around 25% which I am having trouble believing was all due to the increase in "difficulty" ... it would help if GroupBitcoin were able to provide at least "daily" figures of my investment to give a better gauge of progress because currently all that is available are some sample figures which only get updated every few days or so.

The other three "Cloud Miners" I've listed above all provide much better "snapshots" of your investment and Payouts although I'm aware GroupBitcoin would have something to say about the "legitimacy" of at least one of those I've mentioned

How about you ? Having any success with Cloud Mining ?