Bitcoin Forum

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

what if someone destroy that place? how can they secure it?

They don't publicly give out the location of the warehouse housing the miners. That makes it more secure for them, because then the owners (and the article author) are the only people who know the location of it, and what goes on inside.

They have at least one bed there.  Pretty sure even if you found it you would be meeting the business end of an assault rifle. 

burn that place down ! lower the difficulty by at least 15-20 %
job's done !

Good lord.  I think I'm going to need to change my freaking shorts after taking a gander at all that deliciousness!  Really starting to look like China isn't wanting to be left behind on the Enterprise-Scale mining operations and with as many chip foundries and chip designers as that country has I wouldn't be at all surprised if > 50% of all the hash on the bitcoin network isn't contained within China's borders within 20-24 months.  (putting away tin-foil hat)

LOL.

bouncer with assault rifle can be taken down easily, you just need some crazy asshole with a c4 there lol


a place big like that shouldn't be too hard to find

Imagine the noise in there, they are probably using ear protection.

I wouldnt want to take a nap there

Not if you have been awake for more then 24 hours and is so tired, you can even fell a sleep sitting..

yeah and it is very likely the power cost is under 5 cents a kwatt.  If you look there where a lot of bitmaintech boxes.
so how about 1000 s-3's at 5 cents a kwatt? plus if bitmaintech built the place the gear was not .58btc a s-3 more like .2btc.
Competition against that is not really possible for the little guy.

I think this is what new miners are failing to consider.  They think the S3 costs 0.58BTC or whatever number they have on their website.  The true cost to male it is some fraction of that, so when manufacturers want to build their own farm they can always beat home users.

Yeah I am pretty sure my garage days of mining will be ending this spring. The heat i get will be helpful for the next 5-6 months. after thatI will just pack up the gear. and call it quits.

Pretty Immense :) Id love to set foot in a mining warehouse Someday...

I just love how they couldn't be bothered to clean out the floor channels before putting in the wiring. Reminds me of new home builders that install carpeting without sweeping the floors first.

The heat, the noise, the power bill, the work (unpack & install new miners, monitors the others), all these worth ?
I mean the price of Bitcoin is bouncing like a dead cat around the $450, IMO hard to believe that we will have another spike of $1000 this year..

These are the best pics I have ever seen. The best part is that  all the pics have a good rig and it also gives an idea how to build and what can be a best miner to be used. I usually search on internet about the pictures and other material so I can plan to buy it in future but here I got this good information today.

It's China, there won't be any rifle.

There's no way I could sleep in a warehouse with all that noise, flickering lights, and industrial cooling.

Not least of all is breathing all that toxic air coming from miners, warehouse, power supplies.  Definitely can't be healthy long term walking around that place 24/7.

Isn't it annoying when someone starts a thread and doesn't say anything? Just a link for the description wow so awesome. Heck even a simple "hey I found this awesome blog post check it out" would be better than nothing at all! NO ONE LIKES YOUR SHITTY BLOG GET OVER IT

I really liked the pictures. The last one reminds me of the matrix. :)

Your pre-order money at work.

Wow looks like my bedroom

I love how the bed is right next to the huge industrial fan!  ::)

http://www.thecoinsman.com/wp-content/uploads/2014/08/12-1nZmHxP.jpg

Im not sure if ive seen a video on this befor..

must be at least 5 Petahash or more running there..could be one of the % unknowns at the pool distribution graph - https://blockchain.info/pools

Thats awesome, I want one

This is soooo coool....  8)

Who ever sleep there is at risk of dieing when he wake up...

A lot of fan and power supply.

on my last s2 miner then will be gone for good - been taking half my btc and putting in wallets and buying GH with hashlets cloud mining with the other half so I can help keep the network rolling.

Tough to make any moola with electricity bills and the price drops of btc. At this point I'd rather buy a btc then pay a $300-$400 pge bill

damn shame they cant seem to find a way to make use of the heat. How hard would it be put it next to some building that needs heating, or even a greenhouse or something that could grow stuff even in winter..

AHA! The real reason behind global warming! Damn Chinese!

This place destroyed itself.

http://www.vnbitcoin.org/litecoincalculator
http://www.vnbitcoin.org/bitcoincalculator

Only thing thats going to happen with that assault rifle is the dude is going to shoot himself for how many millions he lost.

Agree, no wonder its getting hotter..

they must have direct contract with electricity company and personal electricity supply line for their warehouse

My exact thought.. not that I wouldn't mind running it myself. (aside from stealing borrowing people's money to fund it)

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!! >:(

I feel the same. I wish I knew about it in 2013 before the pump, but it's like saying "I wish I could go back in time and change my life"

Not if they have dirt cheap electricity. Its still profitable for them...

...profittable ok... but I would not pay the electric bill

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

another rocket guy here $10k LOL. its like you need the NY stock exchange to accept BTC in order to achieve that dream of yours.

Good article, they must have invested millions.

A big farm would see an advantage by destroying other big farms so they better be careful.

Ra ha ha ha... Good question seke!
I really hope will be like you are saying soon ;-)

I'm not saying rocket, I'm saying that bitcoin is growing in acceptance and recognition. Its gone from a few cypher punks to early adoption phase.

I'm not saying $10,000 will happen, but i think that in the next 3 years bitcoin will either be under $200 or over $10,000 depending if it actually continues to grow and gain utility

Bitcoin keeps growing, people keep building around it but the price could be at 3000$ in 3years not less than 200 or more than 10k$ ;)

I have a new plan for acquiring bitcoins.  I run a PC repair business, and I will be checking every single computer I get called to work on.  I know where to look and what file to look for.  If I ever find a bitcoin wallet, I hope it is not password protected...... ::)

Is this farm making any profit? Inquiry mind likes to know.

of course it is. Likely paying low power costs and difficulty increases have really stagnated along with the price - a god thing for mining.

fkn awesome lol. Love it. I'd live there

We are always here that Chinese farms have a very cheap electricity, what do think they are paid for electricity per kw?

Hahaha.!! yeah hope that happens..!! Its become soooo effing tough to mine these days.! :(

If you cannot ROI in BTC you are better off buying BTC and get a bigger fiat profit than if you mined.

if that happens another farm will be built up again, so the cycle continues..

Wow they missed a whole lot of needed thihgs. Its amazing for a country that has firewalled Bitcoins farms like that exist, and now we see what is included in the bi-weekly drop in the value of bitcoins. The chinese have a one day millionaire mindset like the Filipinos. they did so many things wrong and so many things right bin this picture. I wish i had the resources like they do.


You guys do understand exactly what this is right. It is a manufacture mining farm. the manufactures of the miners own farms like this all over china, where the machines that you buy from them are "tested" when you make a purchase they pull the miner off the rack blow the dust out replace the fans with lower quality shitty fans and replace the PSu with a lower quality PSU and sell them to you.

Its sickening how they are destroying bitcoins value with thier ignorance and selfishness.

You might say the opposite , if the price drops. Its hard to predict what will happen.

Bitcoin has been like this eversince. Back in 2011, it went from 250$ back to around 65$,

and then in 2013 went upto the 1000$ mark, so its always an unpredictable market.

I'd like to be more optimistic about Bitcoin prices, but with the history of the last year, it is hard to be.  What will happen that could pop the price up?  Litecoin has had a slow lumpkin dive all year as well.