Look inside the surreal world of an Icelandic bitcoin mine, where they literally

agente

full member

Activity: 239

Merit: 100

Quote from: Dalkore on November 16, 2015, 12:40:45 PM

Quote from: Betwrong on November 11, 2015, 03:36:35 AM

Quote from: hugs1BTC on August 23, 2015, 08:54:54 AM

Quote from: LiteCoinGuy on August 22, 2015, 12:34:03 PM

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

I know

but I want to know renting and electricity costs of both countries

"You can google it, but even without googling it is obvious that renting and electricity costs are much lower in China" - that's what I was going to say, but then googled it and I was very surprised to see that electricity costs are lower in Iceland actually:

Iceland 5.54 US ¢/kWh

China 7.5 to 10.7 US ¢/kWh

United States = 0.023/Kwh

United States : 0.023 like = United States : free country

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

Quote from: Betwrong on November 11, 2015, 03:36:35 AM

Quote from: hugs1BTC on August 23, 2015, 08:54:54 AM

Quote from: LiteCoinGuy on August 22, 2015, 12:34:03 PM

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

I know

but I want to know renting and electricity costs of both countries

"You can google it, but even without googling it is obvious that renting and electricity costs are much lower in China" - that's what I was going to say, but then googled it and I was very surprised to see that electricity costs are lower in Iceland actually:

Iceland 5.54 US ¢/kWh

China 7.5 to 10.7 US ¢/kWh

United States = 0.023/Kwh

makcik

full member

Activity: 140

Merit: 100

Bitcoin mining has always been the most effective method of gaining bitcoins. All you need is proper hardware, proper and right investment. But, mining doesn't sound easy as you think.
Bitoin mines in Iceland, one of the most coldest places of the world are the toughest place for mining. They need to be extra careful about what they do. And one wrong step can be fatal.
They are doing all this risky thing for getting bitcoins.. Its their love towards bitcoins. Its their passion for bitcoins.. This is a perfect way to tell how much btc is loved even in such harsh places of the world.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: hugs1BTC on August 23, 2015, 08:54:54 AM

Quote from: LiteCoinGuy on August 22, 2015, 12:34:03 PM

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

I know

but I want to know renting and electricity costs of both countries

"You can google it, but even without googling it is obvious that renting and electricity costs are much lower in China" - that's what I was going to say, but then googled it and I was very surprised to see that electricity costs are lower in Iceland actually:

Iceland 5.54 US ¢/kWh

China 7.5 to 10.7 US ¢/kWh

minernoob1

member

Activity: 285

Merit: 10

That is one sexy mining farm. Better than pr0n(if I was into pr0n which I'm not).

tvasbn

sr. member

Activity: 460

Merit: 500

what PDU are those?

Digit-0

full member

Activity: 199

Merit: 100

in the end, you only find the beginning

Quote from: MarketNeutral on August 24, 2015, 06:55:06 PM

I've done business in both Iceland and China.
I love both countries.
Initial investment amount is the key here.
Yet gun to my head, ceteris paribus, I'd choose Iceland for most large-scale mining endeavors.

you are my hero then Tongue

, you still doing it? i mean business in both countrys, with what country made you more profit and why?

btw, thank you for the link, i like so much to see all those photos, that icelandic bitcoin mine looks awesome, now i have envy

Guy Corem

donator

Activity: 1414

Merit: 1051

Spondoolies, Beam & DAGlabs

Quote from: LiteCoinGuy on August 22, 2015, 12:21:22 AM

Look inside the surreal world of an Icelandic bitcoin mine, where they literally make digital money

http://uk.businessinsider.com/photos-iceland-bitcoin-mine-genesis-mining-cloud-2015-8?r=US&IR=T

neat arrangement of SP3x, allow quick service of a unit

MarketNeutral

sr. member

Activity: 406

Merit: 252

I've done business in both Iceland and China.
I love both countries.
Initial investment amount is the key here.
Yet gun to my head, ceteris paribus, I'd choose Iceland for most large-scale mining endeavors.

IanQuinn

member

Activity: 64

Merit: 10

I want to know about their PSU they showed 18 connects (White Box).

They appear to actually be professionals, and not some kid that says they have mining.

SimpleIn

member

Activity: 84

Merit: 10

Personally, I prefer a free country. Wink

hugs1BTC

sr. member

Activity: 350

Merit: 250

Quote from: LiteCoinGuy on August 22, 2015, 12:34:03 PM

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

I know

but I want to know renting and electricity costs of both countries

trendax

full member

Activity: 124

Merit: 100

Very impressive, the final data room looks spectacular with all that stainless steel and Genesis Mining really did go that one step further with lifeinsideabitcoinmine.com
There's certainly only a few real cloud operations out and it's great to see efforts to clear the foggy air hovering around the cloud mining name.
Has anyone ever shipped into overseas co lo hosting in such places like Iceland or set up shop from scratch?

p3yot33at3r

sr. member

Activity: 266

Merit: 250

Quote from: LiteCoinGuy on August 22, 2015, 12:34:03 PM

Quote from: hugs1BTC on August 22, 2015, 11:56:17 AM

Very impressive. Anyone knows the difference between mining in Iceland and China (costs, environment)? I have friends in both countries and want to start a nice project

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

You forgot one:

US = fake freedom - Bitlicense (bribe) Cheesy

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: hugs1BTC on August 22, 2015, 11:56:17 AM

Very impressive. Anyone knows the difference between mining in Iceland and China (costs, environment)? I have friends in both countries and want to start a nice project

Iceland = free country - good laws

China = suppressive as hell

make your choice Wink

hugs1BTC

sr. member

Activity: 350

Merit: 250

Very impressive. Anyone knows the difference between mining in Iceland and China (costs, environment)? I have friends in both countries and want to start a nice project

jonnybravo0311

legendary

Activity: 1344

Merit: 1024

Mine at Jonny's Pool

It's nice to see one of the true cloud mining services showing their gear - and being considerably more transparent. Unlike those ponzi scheme idiots who claim unrealistic numbers and disappear with your coin whenever they've hit their goals. Too few genuine cloud mining providers out there... and too many scammers trying to rip people off.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Look inside the surreal world of an Icelandic bitcoin mine, where they literally make digital money

http://uk.businessinsider.com/photos-iceland-bitcoin-mine-genesis-mining-cloud-2015-8?r=US&IR=T

Topic: Look inside the surreal world of an Icelandic bitcoin mine, where they literally (Read 2816 times)