Bitcoin Forum

Bitcoin => Mining speculation => Topic started by: opentoe on February 16, 2015, 02:17:34 AM



Title: Chinese taking over....
Post by: opentoe on February 16, 2015, 02:17:34 AM
Still have a crap load of Avalons.


http://youtu.be/K8kua5B5K3I


Title: Re: Chinese taking over....
Post by: TheRealSteve on February 16, 2015, 02:23:48 AM
Previously covered in the news section: https://bitcointalk.org/index.php?topic=947911


Title: Re: Chinese taking over....
Post by: charles99 on February 16, 2015, 08:59:42 AM
Yup,they cloned a ton of them.  They are the copycat king..

Still have a crap load of Avalons.


http://youtu.be/K8kua5B5K3I


Title: Re: Chinese taking over....
Post by: BTCish on February 16, 2015, 11:29:26 AM
How much they are paying for electricity or not paying at all ?


Title: Re: Chinese taking over....
Post by: waterpile on February 18, 2015, 03:08:17 AM
How much they are paying for electricity or not paying at all ?

Cheap electricity, cheap labor, and they're #1 producer. Thats why they can afford to build mining farms


Title: Re: Chinese taking over....
Post by: Bananana on February 18, 2015, 08:11:31 AM
How much they are paying for electricity or not paying at all ?

Cheap electricity, cheap labor, and they're #1 producer. Thats why they can afford to build mining farms

Electricity is not as cheap as you expected, but the rest is cheap.


Title: Re: Chinese taking over....
Post by: waterpile on February 18, 2015, 01:16:14 PM
How much they are paying for electricity or not paying at all ?

Cheap electricity, cheap labor, and they're #1 producer. Thats why they can afford to build mining farms

Electricity is not as cheap as you expected, but the rest is cheap.

well I think its cheaper than the other countries.
We're paying $27/month for our electricity and its just a normal household..


Title: Re: Chinese taking over....
Post by: ColderThanIce on February 18, 2015, 01:24:50 PM
haven't the chinese owned a large portion of the network for over a year? i remember seeing one video about a mine in china where all the miners were setup alredy hashing, and the warehouse they were in hadn't even been finished yet. seems like it's sort of taking away from the idea of decentralization that bitcoin is all about. but i guess, the introduction of asics was when decentralization started to become a problem with the network.


Title: Re: Chinese taking over....
Post by: Melds on February 18, 2015, 01:56:05 PM
Why is it "secret"? Click bait title on that video?