Topic: Pics of Huge Hosting Mine Under Construction, (Dec 2015 Update: We've moved) - page 6. (Read 54168 times)

This thread was posted in 2014,and there and updates by the OP.
I think they have changed there mind or they are already on it & are mining all the blocks,lol.

Awesome a great hosting company in Canada! 

If you're looking for hosting, we have a currently running operation in Labrador, Canada, and have space available. We're also significantly cheaper than the American options. Our pricing starts at $63 USD/kW including tax.

Is there any update about this project from the OP, any idea of the lunch date?

Yet another reason why farming is bad for the community.

I don't think there is a launch date...

If you want to invest in a mining operation check out HaoBTC, they seem to be above board.  For now at any rate.

Any update for launch date? I have many investors in india. ...after launch you inform me....

Good to hear about this.
But have a doubt how btc will be investes in this.

This topic sure got quiet.  I presume the mining operation failed and the mine owners stole everyone's bitcoins and took off?  I saw that coming but you all ignored me and called me a troll.

How about you, Lord Taco?  I presume your half-assed attempt at opening your own bitcoin mine also met with catastrophic financial failure.

yes. but that wont happen anymore. bitcoin is not just a coin, it is a network.

http://en.wikipedia.org/wiki/Network_effect

Bitcoin just has a large market share at the moment and gets most media attention. There is no reason why another coin would not get a larger market sharing if it has great features and marketing. A lot of those coins simply offer no features over bitcoin and have no community, which is why they don't last very long.

well i guess at the current worth of bitcoin no one wanna mine more the bitcoin,now there are a lot news coins coming that may reach a sucess in short time,but well for some reason they wont sucess ,even stand more than 1 year... soo nowadays mining i guess no longer profitable.

You've been waiting three days to post that I'll bet.    Feel better? Regardless what you think of the outcome I will continue to post my exploits with industrial server computer equipment brought back from the dead and repurposed for something productive yet again. I am building, creating a space that can be used for many things not just miners. Having access to 1MW of power at half the already cheap commodity rate is nothing to laugh about no matter what the current plan is to utilize the energy. If you can't think of how to make cheap energy work for you then your a real idiot. The assumptions upon further removed assumptions and one track minds is so sad you can't see the forest through the trees. You will never make a buck with that attitude unless its somebody handing it to you for wages earned. Have fun with that.

I've been telling these people for over a year that they are pissing their money away and they refuse to listen.  Bitcoin price has gone in only one direction -- DOWN.  LordTaco and Dumbward are the two biggest failures-about-to-happen right now.  They will be the next JRose120's.  They max out their credit cards and dump their life savings into it.  They try to justify it by saying they can make money at $100 IF they have cheap electricity, or they can make money if they keep selling the old gear and buying new every few months.  If you have to do that, it's a bad deal!  One of these days they will wake up and there will be some big new government report about restricting or limiting bitcoin, the price will have crashed to $96 and dropping, and they will think "Tim was right".  I got out of mining after the price peaked.  I played with alt coins for a while then got out of those too while I could still sell my GPUs for a decent price.

And WHEN (not if) Dumbward and LordTaco fail, I'll be the first one in line to say "HAH!  I TOLD YOU SO!!!"!  

More money than brains.

I can pay the bills at less than half that amount at the current difficulty. And your right it will wipe out a huge chunk of mining. Even alot of those chinese farms. The one quoted above is the first one I've heard of under .05kwh in China and Bitmain would have to mine at a loss or have a huge fire sale. Point is my power rate will ensure I am one of the last standing in that case. Nothing risked, nothing gained. I never said anything about going in debt to do this.

Your assumptions regarding my miners are way off target.  

Like I said I wasn't born yesterday and I've been mining for many years now. I also got ripped off from BFL pretty good those bastards. But only once. Hashra got me too. I am familiar how scam ridden this sector is. That's why I am very careful to say what I say and ensure I only say it when I can prove it. I designed and engineered this whole 1MW layout myself. Scouting, procuring, permitting, site layout, coordinating with the county. It was not easy getting the county to sign on. Amazingly enough I am still under budget, except I am overdue I've also been invited to many large scale mining operations and had to sign a NDA to visit some of them. You don't have to believe me the proof is in the puddin' and I'm full steam ahead. Life is also happier when you are optimistic or at least see there is half a glass of water in there rather than half empty.

I think you need to worry more about your own vision not what "competition" you think you are in.

This ends badly. All it takes is a $100 Bitcoin for the next 12 months to wipe out a major portion of the mining sector top to bottom big or small.

Those guys with "old" units either dump them for e-waste get the scrap value and retool or sell them on the Chinese market or keep running them on the cloud hashnest style... or like Bitmain to those who might still mine at home lol.

What are you going to do when you get your units? Jump for joy that they are over priced and inefficient compared to the better units your NDA partner keeps for their bigger client with the huge farm in Sichuan? We do remember the Bitmine debacle I hope?

Wish you the best of luck but if you are going to be getting product and it isn't spondoolies or bitfury I suspect you might not be happy with less efficient stuff that is over priced.

That's an awful lot of assumptions there. So many it made me chuckle. I have S1's that can profit here but not for long. But it would be silly as hell to run anything that inefficient or plan for it. I wasn't born yesterday. Those huge guys stuck with the old stuff only helps me. I appreciate your concern. At least I don't have to worry about competing with you.

Opinions are not welcome here?

Oh I am sorry where is that written on the thread? Did I miss that somewhere? Only rah rah cheer cheer is it?


I think when people start using the NDA card and the wonderful plan we have is far better than what is going on in China because China is behind the great firewall etc... you need to have a long look at what they are trying to promote.

I post to add what I have learned from some of meetings and players I met have told me. All the power to him to prove me wrong. If you post claims in public don't expect everyone to be all happy happy joy joy. Sometimes people disagree and have a good line of argument why. I see a lot of certainty coming from him. Anytime I have talked with anyone with experience in the bitcoin world the thing you can bet on is uncertainty and you had better be careful not to overreach. This guy is way too optimistic.

Why do you have such an involvement in telling someone else how much they are going to fail?  He's got a plan for what he wants to do, it doesn't affect you, there's no need for your negativity.

That isn't the only such set of buildings out in the hinterland powered by 'unregulated' coal or hydro.

When I was out in Hong Kong last year met a few people and one in particular that was simply sourcing and brokering locations just like this for people looking at the cheapest set up in the world for farms. Mainly fabricators / wallet providers or exchanges like those pictured have been setting up for over 2 years now in situations just like that. If it isn't big enough you ain't making shit your economies of scale need to be sufficient to compete against these farms in China. Whoever your NDA is with I am sure they have more NDAs with people moving the same product to Sichuan. Good luck but when you start seeing claims like yours you know something ain't right. Sounds all too familiar.

These sites are sprouting up all over where unregulated power can be sourced. One little quonset in good old oregon/washington etc ain't going to be able to compete no matter what claims are made things since Sichuan are probably cheaper by factors compared to anything in the good old USA especially with regard to miner production and shipment. But I guess that Guy at Spondoolies is wrong or has changed his mind since last year.

A month later, what is happening with cryptocurrency mining in China? August 2014



Your NDA which has a version of the Chinese style shared plan with company X (Avalon likely) that provides miners is nearly a year and a half behind the Chinese and you don't have cheaper hardware or space or electricity which means you won't have profit. See BitFury Georgia DC as the example that be comparable to anywhere in the US as you would both have to have units (chips or miners) shipped from overseas / overland from China. Bitfury was not breaking even in 2014... how are you going to break even in late 2015 or 2016 with sharp downward pressure still on bitcoin price? You won't. Cost of bitcoin production anywhere with anyone, even for the most efficient and cheap hardware fabricators, is greater than the current value of the Bitcoin being mined. Just one more sustained price dip and a few more Asicminer like disappearances will happen. You are going to lose whatever you invested most likely unless you are selling cloud mining to someone then you are still going to lose your shirt no one is going to buy your cloud mining.