Title: Life Inside a Secret Chinese Bitcoin Mine Post by: Joel_Jantsen on March 04, 2016, 01:43:42 AM 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 ;) Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: Acidx on March 04, 2016, 02:53:58 AM Maybe coming out of the secret bitcoin mine and checking the weather and taking some deep breaths of fresh air would help to hear the voices asking for change.
Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: mkc on March 04, 2016, 04:25:28 AM I watched both tubes.
12 minutes well spent. Thanks Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: BellaBitBit on March 04, 2016, 05:02:23 AM 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!
Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: avikz on March 04, 2016, 05:11:14 AM good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble.
Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: mkc on March 04, 2016, 05:26:52 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: Kakmakr on March 04, 2016, 05:43:26 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: enhu on March 04, 2016, 05:46:11 AM 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: Yakamoto on March 04, 2016, 05:54:31 AM 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. 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: SFR10 on March 04, 2016, 08:55:11 AM 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).
Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: zmhaha on March 04, 2016, 09:01:54 AM 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! Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: acroman08 on March 04, 2016, 09:17:23 AM 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 ;) very interesting documentary, just finished watching it right now, just wondering how many kilowatts they consume per month. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: Denker on March 04, 2016, 09:59:21 AM 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? :D 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: sherbyspark on March 04, 2016, 10:47:53 AM 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: unamis76 on March 04, 2016, 11:11:52 AM This was everywhere back then. Here's and example (https://bitcointalk.org/index.php?topic=949302.0)
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. 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 ;D Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: BitHodler on March 04, 2016, 11:31:56 AM 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: DimensionZ on March 04, 2016, 11:42:04 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?
Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: partysaurus on March 04, 2016, 11:44:00 AM 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 ;D Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: Neptunium on March 04, 2016, 11:52:17 AM 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 ;) Are these types of huge mines still profitable? If not, what are they being used for? Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: unamis76 on March 04, 2016, 11:53:15 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 (https://bitcointalk.org/index.php?topic=1072474.msg11469618#msg11469618). It's more or less that, some places go as far as 2/3 cents if I'm not mistaken. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: EdenHazard on March 04, 2016, 04:56:48 PM 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! Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: eternalgloom on March 04, 2016, 05:08:27 PM 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. Title: Re: Life Inside a Secret Chinese Bitcoin Mine Post by: jjoorriissjjuuhh on March 04, 2016, 05:12:09 PM 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. |