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Author Topic: Life Inside a Secret Chinese Bitcoin Mine  (Read 1035 times)
Joel_Jantsen (OP)
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March 04, 2016, 01:43:42 AM
 #1

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  Wink
Acidx
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March 04, 2016, 02:53:58 AM
 #2

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.

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March 04, 2016, 04:25:28 AM
 #3

I watched both tubes.

12 minutes well spent. Thanks
BellaBitBit
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March 04, 2016, 05:02:23 AM
 #4

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!

I love Bitcoin
avikz
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March 04, 2016, 05:11:14 AM
 #5

good share..But when the Chinese govt. will start racking down Bitcoin holders, they will be in a big trouble. 

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March 04, 2016, 05:26:52 AM
 #6

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.
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March 04, 2016, 05:43:26 AM
 #7

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.

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March 04, 2016, 05:46:11 AM
 #8

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.

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Yakamoto
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March 04, 2016, 05:54:31 AM
 #9

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.
Ok so people are probably going to hate me for asking this, but what is the best way to get into Ethereum? It's been an altcoin that has been on my radar for a little while and it seems to be gaining a bit more steam, which is beginning to increase my interest in it.

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.
SFR10
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March 04, 2016, 08:55:11 AM
 #10

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).

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zmhaha
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March 04, 2016, 09:01:54 AM
 #11

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!! Smiley Let's just hope Ethereum POS will work without any major issues!
acroman08
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March 04, 2016, 09:17:23 AM
 #12

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  Wink

very interesting documentary, just finished watching it right now, just wondering how many kilowatts they consume per month.

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March 04, 2016, 09:59:21 AM
 #13

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? Cheesy
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.
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March 04, 2016, 10:47:53 AM
 #14

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.
unamis76
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March 04, 2016, 11:11:52 AM
 #15

This was everywhere back then. Here's and example

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 Grin
BitHodler
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March 04, 2016, 11:31:56 AM
 #16

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.

BSV is not the real Bcash. Bcash is the real Bcash.
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March 04, 2016, 11:42:04 AM
 #17

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?

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March 04, 2016, 11:44:00 AM
 #18

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 Smiley and its all better if u watch them in order the china btc mine first and then this secret eth mine Grin
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March 04, 2016, 11:52:17 AM
 #19

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  Wink

Are these types of huge mines still profitable? If not, what are they being used for?
unamis76
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March 04, 2016, 11:53:15 AM
 #20

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. It's more or less that, some places go as far as 2/3 cents if I'm not mistaken.
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