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dantanas
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July 05, 2016, 08:14:05 PM |
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Thats a lot of hash power. He is an eccentric with money, so if anyone can do it he can. And will.
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anzel2002
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Activity: 110
Merit: 10
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July 05, 2016, 09:21:53 PM |
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Thats a lot of hash power. He is an eccentric with money, so if anyone can do it he can. And will.
Yeah he is so eccentric with lots of money, it is kind of funny, |
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Judge-Dredd
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CryptoTalk.Org - Get Paid for every Post!
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July 05, 2016, 09:32:12 PM |
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For him that sort of purchase is probably a drop in the bucket. I don't think anyone will think negatively if he does it, it will just bring more attention to BTC.
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LTU_btc
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Activity: 3052
Merit: 1330
Slava Ukraini!
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July 05, 2016, 09:39:16 PM |
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How big investment he is planning to do? And I don't understand german language which ob second link, or there only same information as in first link?
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rapazev
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July 05, 2016, 09:59:37 PM |
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damn, that's a lot!
probably good, most part of the hashpower comes from china and with that the "decentralization" will be a little more real.
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MingLee
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July 05, 2016, 10:14:47 PM |
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I'm not sure why he would want to start mining Bitcoin, but I'm all for more people getting into the network.
10 Petahashes, though, is absolutely insane. I'm glad we're going to have more hashing power under the control of someone from North America, but it is still only a small portion of the entire network.
I actually looked up the current hashrate just for this topic, and those are insane numbers. I never knew it was that big.
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Breakfastchief
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July 05, 2016, 10:16:25 PM |
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damn, that's a lot!
probably good, most part of the hashpower comes from china and with that the "decentralization" will be a little more real.
That would definitely lower the chances of China gaining the 51%, but McAfee might now come close to it. We shall see. |
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Raimonn
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Activity: 1456
Merit: 1001
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July 05, 2016, 10:25:38 PM |
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He will need a lot of electricity power, and i suppose that he had a good deal with low electricity prices with the hydro power plant. A big investment on bitcoin mining outside of china.
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hermanhs09
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July 05, 2016, 10:29:28 PM |
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For him that sort of purchase is probably a drop in the bucket. I don't think anyone will think negatively if he does it, it will just bring more attention to BTC.
well,this guy really has got potential. i agree with you Dredd,if he can launch 10 petahash mine,it is not a problem for him to collect funds. Imagine the montly electricity costs wow,that would be a huge amount. |
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countryfree
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Your country may be your worst enemy
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July 05, 2016, 11:00:20 PM |
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Well, that's interesting because the guy will start mining after the halving, you need to believe in BTC! He's investing serious money, too. I'm expecting a substantial turn-over within the mining community. Not all will be able to keep up after the halving. Well, that unless BTC's doubling its value.
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I used to be a citizen and a taxpayer. Those days are long gone.
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groll
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July 05, 2016, 11:06:51 PM |
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Given the huge amount of money to be placed in such project, no one in their right mind would invest if it is not profitable. A new bitcoin farm like petahash will surely create a change in bitcoin economy. With the rise of bitcoin consumer population the rise of new mining farms will bring beneficial effects to faster bitcoin transactions. |
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fitraok09
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TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48
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July 05, 2016, 11:35:28 PM |
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10 petahash is very much. who was the peoples to have a lot money for buying miner farm for it.
of course it will have an impact on people who have hashrate under 10 petahash
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btvGainer
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Activity: 854
Merit: 1000
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July 05, 2016, 11:46:24 PM |
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10 petahash is very much. who was the peoples to have a lot money for buying miner farm for it.
of course it will have an impact on people who have hashrate under 10 petahash
He might start a cloud mining farm |
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lottery248
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beware of your keys.
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July 06, 2016, 12:48:44 AM |
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10 petahash is very much. who was the peoples to have a lot money for buying miner farm for it.
of course it will have an impact on people who have hashrate under 10 petahash
He might start a cloud mining farm wish this guy will make it, however his cloud mining farm should be able to move his power to your pool if it is true and you buy it. beware of scams. |
out of ability to use the signature, i want a new ban strike policy that will fade the strike after 90~120 days of the ban and not to be traced back, like google | email me for anything urgent, message will possibly not be instantly responded
i am not really active for some reason
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yayayo
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July 06, 2016, 12:54:03 AM |
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John McAfee is planing a BTC mining farm with 10 Petahash/s
What do you think? Is he really going to do this?
And will something change if this "freak" will be a miner?
Unfortunately McAfee partnered with very questionable persons like Roger Ver. While it is yet totally uncertain what relative portion of hashing power his mining farm will contribute in future, it is possible that he - influenced by his questionable friends - could be delaying Bitcoin progress by supporting banker and government-friendly altcoin-schemes similar to XT/ClassicCoin. But maybe McAfee is just using their capital and keeps on doing what he wants... Most likely his operation will not be able to compete with the big Chinese pools anyway. If I had to guess, I think something between 1 and 10% of total hashing power is a realistic scenario for McAfee's mining endeavor. ya.ya.yo! |
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DarkStar_
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July 06, 2016, 02:47:47 AM |
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John McAfee is planing a BTC mining farm with 10 Petahash/s
What do you think? Is he really going to do this?
And will something change if this "freak" will be a miner?
Most likely his operation will not be able to compete with the big Chinese pools anyway. If I had to guess, I think something between 1 and 10% of total hashing power is a realistic scenario for McAfee's mining endeavor. ya.ya.yo! Miners don't really compete against each other like the way you are thinking (I believe). Yes, the big chinese pools (I'm assuming you are talking about AntPool/F2Pool/HaoBTC) have a larger hash rate, but a higher hash rate comes at a higher price, and the pools aren't from one source. AntPool's payouts have over 1000 outputs, so the block reward is divided into small pieces. If I were a miner with 10 PH, and I decided to mine at AntPool, I would get payouts more often, but they would be less amounts. On the other hand, if I mined at Kano, I would get less payouts, but a larger reward. Only way it would really affect it is the slower relay speeds past the GFW, which means you have a higher chance at losing an orphan race. |
taking a break - expect delayed responses
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CoinBreader
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July 12, 2016, 08:25:45 AM |
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Wow that hash speed! but then again why he waited so.. soooo.. long ?? prolly he knows something we dont know.. but for real he could start since first year of btc, and since he is loaded and maybe dont have time for that small amounts he could buy some or even setup a btc team for his behalf !  rich ppl never understand them, prolly that why im not reach for my self !  |
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severaldetails
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July 12, 2016, 08:38:47 AM |
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It sounds much... but how much is it?
Let's say, how much are 10 PH compared to the complete hashpower of all bitcoin miners?
Sorry if I have to ask, I really have no idea.
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1Referee
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Merit: 1427
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July 12, 2016, 08:41:59 AM |
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It's funny that high level people in the tech world or financial world always say - I or we am/are planning to do this or that, while in fact they have already done it. If he really has/ends up having that much hashing power, then he will own around 0.6% of the total hashing power at current date.
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