China is going to produce container-sized 1 PETAHASH/S BTC mining machine.

[biggbox]

I am not affiliated to the companies below.

We all know that China can produce cheaper mining equipment due to low labour cost and low raw material cost. But I did not expect things to blow out of proportion in this manner. Looks like they are producing a container size mining machine running at 1 petahash/s.

Expected to cost 2.8 million RMB or US $438,905 each. If you were to partner with BitBank to procure this beast, you and Bitbank pay  1 million RMB or US$156,629 each. The poster says Guaranteed ROI before 1 Oct 2016, followed by 45% profit.

Photo of the container:

[1715437984]

1715437984

[1715437984]

1715437984

[HeroCat]

Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC 

[Amph]

Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC  

hopefully the block halving is near enough to counteract this type of problem easily, so i'm not worried too much about this possibility

if they can not increase their efficiency, it does not matter how many peta they will throw at the network, they will lose profit at the end

[unamis76]

To start off, guarateed ROI is a lie. Chinese marketing, I guess Interested to know n what kind of hardware this is running... Seems indeed like a really powerful container! I'm also curious on how much would setting up something like this would cost, instead of just buying their container.

[worhiper_-_]

Can I have a link to the source of the announcement?

Nvm, I found where that image is from. here's a link

https://www.bitbank.cn/

They also own bitbank.com but won't even show up as the a first page result when googling the name.

I hope this won't end up being vaporware.

[teddy5145]

Just imagine the electricity this thing will eat
With a really big bills i won't believe that miners will get ROI that fast

[brontosaurus]

1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

[majestymage]

Bitcoin price can go lower, if China will manufacture 1 pentahash mining equipment and this equipment will start to mine BTC 

i really do not think so...if this is real the difficulty will explode and more and more people will prefer to buy btc as a countermeasure for not be able to mine as much

[worhiper_-_]

1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

At this size efficiency surely matters more as mining at loss would not be sustained but it's not two generations out of date in any way. @ .23 Watts per Gh/s it's even more efficient than Antminer's s7.

[notlist3d]

1 Petahash in a container?

What on earth would make anyone think that this is exceptional, it's probably two generations out of date?

The new SP50 I'm guessing might make it possible.   I don't know if we know dimensions but 10 of those.   But I think this is kinda publicity I don't think they are going to sell many of these.  This is the group that already owns a huge miner data center right?

The guaranteed ROI is hard to believe.  I personally don't like when someone does that as its normally impossible to promise unless they offer refund if you don't make X amount.

[jbrnt]

You can certainly mount more than 200 units of S7 into a container, so 1 petahash really isn't that impressive. This could be a chinese scam, this company may not be able to secure so many chips and they can run away with the money.

[dogie]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200 S5s S7s, I can't see anyone buying a container.

[SunnyIgor]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

S5 or S7

[notlist3d]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

[worhiper_-_]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

[dogie]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

Theirs was air cooled but I don't remember the company name.

[johnyj]

Modulated design, easy to reduce international shipping cost, but still on paper, delivery date Feb 2016, by that time difficulty already doubled

[notlist3d]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

You mean the company that was selling dedicated server cooling cabinets? I remember such a company advertising here, might have been this one but I'm not sure.

Here's a picture from their website

Theirs was air cooled but I don't remember the company name.

I wish I could remember.  They built one to show off and filled it up with some SP gear I think.  And that was as far as their company went i think.

I cannot remember name but price was rediclous.  They charged like 10k or something for empty container and I think like 30-40k for wired container.  It was a high profit project to say the least and I don't think they ever sold one.

[Polivka GmbH]

There isn't much point of this, it has to be smaller miners inside otherwise you lose all forms of modularity. Any downtime costs you $100 an hour rather than just a module going offline etc, and then the purchase price is inflated because its a container ($2-3k) and inbuilt infrastructure.

When the alternative is 10 SP50s or 200S5s, I can't see anyone buying a container.

I can't remember the name but there was a company that sold containers like this just without miners.  They took containers and put electrical and cooling.

They thought they would have customers but seems that company died.  Have not seem anything from them.   I have a feeling you are right and this container project just like other one will not take off.

My company didn't die -> https://bitcointalk.org/index.php?topic=948523.msg11143766#msg11143766

Another design, from Canada: http://www.cryptokube.com/

[BLOCK_C]

15 cent a G for a 50% ownership interest for a complete unit is a pretty good price,