Life Inside a Secret Chinese Bitcoin Mine

jjoorriissjjuuhh

full member

Activity: 125

Merit: 100

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

I always found boilerrooms very weird videos to place on youtube.

The video in the original post was a very intresting one tho, it is really cool to see those lights go off and all these green lil lights sparkle. You can see them making the dough.

eternalgloom

legendary

Activity: 1792

Merit: 1283

I remember watching it a while back, I wonder if those people working there really do make more than the average Chinese factory worker.
This was mentioned in the documentary.

EdenHazard

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Activity: 2674

Merit: 1048

Quote from: zmhaha on March 04, 2016, 05:01:54 AM

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

Haha priceless!!

Let's just hope Ethereum POS will work without any major issues!

yes lets hope more about Etherum will normally and have no major problem,i begin to wonder and shocked to the etherum price,hod you think about etherum future guys?is this altcoin will compete bitcoin soon?i mean price matter.

unamis76

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Activity: 1512

Merit: 1009

Quote from: DimensionZ on March 04, 2016, 07:42:04 AM

I wonder what the price of electricity in China is. I would guess it's along the lines of 5 cents a kilowatt or something. Does anyone know the real price?

You can check that here. It's more or less that, some places go as far as 2/3 cents if I'm not mistaken.

Neptunium

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Activity: 196

Merit: 100

Quote from: Joel_Jantsen on March 03, 2016, 09:43:42 PM

The video documentary is about 1 year old but wondering how many of you have watched it ? Truly inspirational video for all bitcoiners.

https://www.youtube.com/watch?v=K8kua5B5K3I

10 Minutes Well Spent Wink

Are these types of huge mines still profitable? If not, what are they being used for?

partysaurus

sr. member

Activity: 574

Merit: 251

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

loled so hard at this one, great find

and its all better if u watch them in order the china btc mine first and then this secret eth mine Grin

DimensionZ

sr. member

Activity: 350

Merit: 250

Shit, did I leave the stove on?

I wonder what the price of electricity in China is. I would guess it's along the lines of 5 cents a kilowatt or something. Does anyone know the real price?

BitHodler

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Activity: 1526

Merit: 1179

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

Do not post this crap in the Bitcoin section.

No one here is interested in another pump and dump coin.

unamis76

legendary

Activity: 1512

Merit: 1009

This was everywhere back then. Here's and example

And they're not the biggest mining operation in China... And half a year later they most likely got hit with Chinese mines using hydro power. Not sure where they're at now, it would be cool to see what's up with them a year later. I doubt they had shut down and if they did, it was probably just to move location to where power is cheaper.

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

The guy is a legend. Better than seeing an Ethereum video Grin

sherbyspark

hero member

Activity: 910

Merit: 1000

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

But they would have made enough money for their expenses by then. Its not a new mine but been running since a long time. Obviously bitcoin mining activity has therefore due to the potential halving been falling.

Denker

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Activity: 1442

Merit: 1014

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

What is that?
Preparation for the coming dump? Cheesy

Congratz for your profits if you made some but that coin is becoming a hot potatoe at this price range for potential buyers.
Shilling seems to be desperately needed now to get fresh money in right?

After the dump and heavy correction I might think to get a bit.But not tnow thanks.

acroman08

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Activity: 2310

Merit: 1075

Quote from: Joel_Jantsen on March 03, 2016, 09:43:42 PM

The video documentary is about 1 year old but wondering how many of you have watched it ? Truly inspirational video for all bitcoiners.

https://www.youtube.com/watch?v=K8kua5B5K3I

10 Minutes Well Spent Wink

very interesting documentary, just finished watching it right now, just wondering how many kilowatts they consume per month.

zmhaha

sr. member

Activity: 260

Merit: 250

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.

here's a secret Ethereum mine

https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

Haha priceless!!

Let's just hope Ethereum POS will work without any major issues!

SFR10

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Activity: 2968

Merit: 3406

Crypto Swap Exchange

Just watched the video, thanks for sharing. Very well organized site, that's why they got to have six operational sites and really made me jealous of their achievement and also their workers since he mentioned their salary is actually high. Another cool thing it was, when he walked in, right away the sound was like being under an airplane that it's about to take off (except the echo).

Yakamoto

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Activity: 1218

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Quote from: enhu on March 04, 2016, 01:46:11 AM

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.
here's a secret Ethereum mine
https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

Can't believe you indeed insert such link here. but yeah great video. The price is JUST $10 still that's the reality there.
it may take months, perhaps a year to even get to $100. that may not be fact but certainly it won't reach $400 in a year.

Ok so people are probably going to hate me for asking this, but what is the best way to get into Ethereum? It's been an altcoin that has been on my radar for a little while and it seems to be gaining a bit more steam, which is beginning to increase my interest in it.

Aside from that, the mine actually looks kind of cool. I can't imagine being there, but the people that are there certainly have dedication.

enhu

legendary

Activity: 2478

Merit: 1018

Quote from: ?? on ??

So in July, their revenues get cut in half uess the price of bitcoin doubles?

not a bad bet.
here's a secret Ethereum mine
https://m.youtube.com/watch?v=vy-k0FopsmY#t=31m50s

2 minutes well spent!

Can't believe you indeed insert such link here. but yeah great video. The price is JUST $10 still that's the reality there.
it may take months, perhaps a year to even get to $100. that may not be fact but certainly it won't reach $400 in a year.

Kakmakr

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Activity: 3430

Merit: 1957

Leading Crypto Sports Betting & Casino Platform

Quote from: avikz on March 04, 2016, 01:11:14 AM

good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble.

Why would they want to do that, if it generates huge income for China? The hardware manufacturers and the miners generate income for their families and it creates jobs and it also help to use all the surplus electricity that are being generated. You can in a sense say, the Chinese government are subsidizing the Bitcoin miners in China. The political advantage is also interesting, because they can say that they dominate a large percentage of the hashing power of the Bitcoin network.

mkc

hero member

Activity: 517

Merit: 501

Quote from: avikz on March 04, 2016, 01:11:14 AM

good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble.

Chinese government ha seven trying to segregate their banking system from Bitcoin. But other activities are permitted, including mining. One small issue, maybe not so small, is internet better China and the rest of the world is not up to optimal level.

avikz

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Activity: 3080

Merit: 1500

good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble.

BellaBitBit

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Activity: 756

Merit: 500

This is a very cool video, glad I watched and it puts a visual to mining that I have not seen before. The amount of cords are insane and the sound of the extractor fans make that a very interesting place. Thanks for sharing!

Topic: Life Inside a Secret Chinese Bitcoin Mine (Read 1035 times)