Topic: The World's Largest Mining Farms (Read 19456 times)

Name: HaoBTC
Capacity: 25 MW
Location: Kangding, PRC
Hardware: Mixed
Links: http://www.haobtc.com/

Template to copy and paste:

Name: ASICSPACE
Capacity: 1.3 MW
Location: Washington State
Hardware: Mixed
Links: http://www.asicspace.com/

It's been a turbulent year, maybe this thread needs an update or we need a new one.

I also posted this a few days ago in the Energy Consumption of the Bitcoin Network thread.

The Math: (extract from an internal report)

• First difficulty drop seen in 2 years occurred 2 Dec 2014
• Over the next 85 weeks (21 months) a total of 2.1 million Bitcoins will be mined
• USD $735 million at $350/BTC, $1 billion at $500/BTC, >$2 billion at $1000/BTC
• 280 MW estimated Bitcoin network size today (compared to Google's estimated 260 MW, Facebook 78 MW)
• Block reward halving ETA July 2016 (85 weeks, 5 days as of today)
• Bitcoin output from 25 BTC to 12.5 BTC per block (next halving estimated 2020)


Historical Bitcoin Network Data:

Nov/Dec 2014 (today):

Hashrate:                     290 PH/s    (+35%)
Total Megawatt:                 280 MW   (home mining almost gone)
Megawatt Industrial/Data Center:    270 MW   (+35% 0.85W/GH new capacity)

August 2014:

Hashrate:                     214 PH/s    (+375% or 94%/month)
Total Megawatt:                 214 MW
Megawatt Industrial/Data Center:    200 MW    (>1000-2000%)

April 2014:
Hashrate:                     57 PH/s
Total Megawatt:           250-500 MW    (mostly at home miners)
Megawatt Industrial/Data Center:    10-20 MW

I have gathered tons of pictures and data about mines during the past year, but unfortunately it's all scattered in different folders and places on my computer since we are extremely busy building our own stuff.

Peta mine says 100 TH/s and Cointerra 28nm, so that's just about 125kW at 1.6TH/s per 2kW (TerraMiner IV). If they were fully deployed.

That's Dave (Megabigpower).

I just found these today while surfing the web, though they might interest you...

http://www.youtube.com/watch?v=5CjldZLXiAU
1PH
1.4MW/h
$8m/pm!
Dunno the name of the farm but looks like Bitfury miners.

http://www.cryptx.com/peta-mine/

If you would be so kind as to PM the info to me as well I'd be most grateful 

Replyed to the pm - Lemme know how it goes

Why does saying that you're 0.004% of the network sound more impressive than saying you have 1.3TH/s?

What the hell kind of hardware are you running that gets 1.3TH/s on 13kW? Our 2TH/s of ants use 4kw, and those aren't anywhere close to the most power efficient units out there... 1.3TH of BFL Singles should be ~5.3kW... You running the first Avalons? Those 88GH/s units that pulled 1000W? Well that's why you're so angry. Upgrade your hardware, get some hashrate increases, save some power, and you'll be in a much better position!

When I started out mining I had 0.2 % of the all the hashing.  That was 15 bitcoins a day at the time on a $30,000 investment and 6 kWatts electricity.  I thought I would never make that back.  Now I'm .004 % of the network on an additional $40,000 investment, 3.2 kWatts and I'm making 0.15 bitcoins a day.

If I was to purchase my original portion of the network I would need to buy 74 Antminers S2s for $266,000 and add 74 kWatts of electrical service to my basement, garage and outhouse.  And I would lose money on it.

Times change.  I stopped buying equipment months ago.  Holding bitcoins is way more profitable.

Definitely not true, but too offtopic for this thread.

Could you remember where you got that offer from ? I think it is quite good.

Not really. While Tom was very slow at providing refunds (which scared and pissed off a lot of people), he pretty much refunded everyone.

Yes, Tom (cablepair) was the head of the bASIC failure. IIRC, he was the one that ran off with everyone's BTC. I know Dave (BuzzDave) was associated with Tom, and was an employee at the time, but I don't remember him being malicious or stealing anyone's coins.

That said, Tom is basically a nobody now, and Dave is now managing the largest mining operation in the world. Does seem a little suspicious.

Im curious to the owners of these insane farms, is it part of a company, privately owned, etc.?

Might be wise to ask organofcorti do some analysis on pools that report user hashrates to see if consolidation is truly happening.

Any more info on the CEX network and Peta Mine?

There must be a few more large clusters out there, if not people can probably stop complaining about the happening of decentralization with the current total network hashrate compared to the few we have above.

I've only seen the plan posted by gator-hex above (early 2013).


Is that the investment you are talking about or was there another one for 100TH?

What was the reason for the delay?


Unfortunately that seems to be a recurring theme. Icedrill basically made everyone rich, from data center to Cointerra, but the way I see it the investors will be in for a long wait if anything comes out of it ever. Friend of mine put a lot of coins (that he earned with real work) in them and now he's screwed.

Im not happy with my investment in 100TH too. I hadnt realized that i only fund the business for others. Then they had delays and i got out with a big loss only. I think the only one that earned big is the one that now has an asic and a miner design for free.

I believe MegaBigPower pushes 1000TH of which they claim 500TH is used to pay the shareholders at Picostocks 100TH.
(unfortunaly for the shareholders it's month after month "bad luck" so I guess the MegaBigPower-part 500TH got the luck)

Wasn't the MegaBigPower mining operation financed by bASIC customers that got screwed by this "Satoshi superstar" Thomas van Riper ?

That satoshiscumbag owes me over 50 btc. Sorry, I'm still pissed!