John McAfee will start BTC Mining

[Carlsen]

If a billionaire is interested in bitcoin, why not.
All those resources and connections he brings along surly won't hurt bitcoin.
Might lead to another rise in price. I welcome that.

[lionheart78]

Pretty much this is another milestone of Bitcoin involving larger company to participate in Bitcoin mining.  In addition, it will likely bring more security and at least lessen the chinese farm to acquire 51% of Bitcoin Mining Hash.  It might also bring another add on value to Bitcoin that may promote another Bitcoin price increase.

[~Bitcoin~]

If a billionaire is interested in bitcoin, why not.
All those resources and connections he brings along surly won't hurt bitcoin.
Might lead to another rise in price. I welcome that.

yes we need more billionaires to get intrested in bitcoin so that total marketcap will be high enough to support new ATH price for bitcoin. All of we will be happy at that point 

[CoinBreader]

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.

atm bitcoin network is 1,573,204,423 GH/s
first number is called exa which is 1, second number is called peta which is 573 !
thats a lot ! dont you think ?! 

[pandalion98]

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.

atm bitcoin network is 1,573,204,423 GH/s
first number is called exa which is 1, second number is called peta which is 573 !
thats a lot ! dont you think ?! 

I don't think there's anything wrong in participating though. I'm aware that some people are still mining with USB miners (333 MH/s). I'm aware that some are still mining at the GH/s range.

In short, anyone can participate.

[7788bitcoin]

This is good news that someone outside China is trying to compete. However, just wonder how much he will be paying to build the mining site and how long it will take to be up and running? With the reward being halved just a few days ago, maybe this is not a profit driven mission?

[clickerz]

This is good news that someone outside China is trying to compete. However, just wonder how much he will be paying to build the mining site and how long it will take to be up and running? With the reward being halved just a few days ago, maybe this is not a profit driven mission?

I think John McAfee could still profit, as long as he can have minimal power to used, like in the case of renewable energy plus with this halving, some miner will discourage to ine maybe This man is wealthy, and I think he is on spending spree

[Barbut]

Rich people can risk more money, and even if thy lose they still have it. He have money in many things, why to not try something with bitcoin. I see that people have positive opinion about this, there is a chance for l John to make some serious money.
When we talking about investment we know how important is to have more money that you can afford to lose, this billionaire made a right move with this investment.Let's see how will he manage this business, and how much profit he can make.
Good luck to John McAfee!

[avikz]

An Asicminer Blade is 10GH, so 1 PH is 100,000 of these. That is a lot of hash power to mine bitcoin.

He will own a part of total bitcoin hashrate and will be mining more bitcoin than anyone else. is he a freak? I have seen his picture where he is lighting a fag with burning dollar.

He could have given out some money to poor traders like me as a charity.

[CoinBreader]

This is good news that someone outside China is trying to compete. However, just wonder how much he will be paying to build the mining site and how long it will take to be up and running? With the reward being halved just a few days ago, maybe this is not a profit driven mission?

I think John McAfee could still profit, as long as he can have minimal power to used, like in the case of renewable energy plus with this halving, some miner will discourage to ine maybe This man is wealthy, and I think he is on spending spree

the question is why did he take him so long to join the btc ship ? or even better what did he knows about and decide to join , but then again since he used to be an IT/programmer guy.. maybe just for hobby and a little profit.. OR maybe he will roll his own crypto-currency ??
we shall see sooner or later !

An Asicminer Blade is 10GH, so 1 PH is 100,000 of these. That is a lot of hash power to mine bitcoin.

He will own a part of total bitcoin hashrate and will be mining more bitcoin than anyone else. is he a freak? I have seen his picture where he is lighting a fag with burning dollar.

He could have given out some money to poor traders like me as a charity.

The problem is that along with traders will come the scammer in the charity line ! 

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.

atm bitcoin network is 1,573,204,423 GH/s
first number is called exa which is 1, second number is called peta which is 573 !
thats a lot ! dont you think ?! 

I don't think there's anything wrong in participating though. I'm aware that some people are still mining with USB miners (333 MH/s). I'm aware that some are still mining at the GH/s range.

In short, anyone can participate.

Using a 333MH/s miner will net you 39 Satoshi per day, even avalon @ 3.2GH/s is 377satoshi per day
they can make a lot more with faucet instantly !

[ethereumhunter]

10 Petahash/s?? how much zero is that? as always, money can help you make everything you want. with much of money, i think John will be make it happen, and i think he already done that before he said that into public.

i think later John will make mining farm and sell the hashrate into public, and if this come true, i just wish the price is cheap hahaha

[ObscureBean]

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.

Current Network hashrate hovers between 1500 - 1600 Petahash so 10 PH would be less than 1% but would still be pretty freaking huge.
I think it's good that established companies get into mining, I think the general public will view Bitcoin differently if they see trusted companies getting involved. Hell I myself might consider investing in clouding mining again if this guy starts selling contracts 

[Jimbola3]

10 Petahash/s?? how much zero is that? as always, money can help you make everything you want. with much of money, i think John will be make it happen, and i think he already done that before he said that into public.

i think later John will make mining farm and sell the hashrate into public, and if this come true, i just wish the price is cheap hahaha

yeah 1 PetaHash is 100,000 so, its really a big number you see and such big people starting bitcoin mining will be revolutionary for the public

[Jimbola3]

10 Petahash/s?? how much zero is that? as always, money can help you make everything you want. with much of money, i think John will be make it happen, and i think he already done that before he said that into public.

i think later John will make mining farm and sell the hashrate into public, and if this come true, i just wish the price is cheap hahaha

if you want to learn about peta hashes and many more then here i found some thing about it https://standardcrypto.wordpress.com/2013/09/15/what-does-one-petahash-look-like/

[AmDD]

My math may be off a bit but...

10PH would be about 715 S9's. At $2400 each thats $1.7 million in hardware.
Each S9 is about 1400 watts which is just over 1 megawatt of power in total - not including cooling.
At $0.10/kw that would be $72,000 a month in electric. Now there is no way he would pay that.
At $0.03/kw that would be $21,600 a month in electric which is closer to what he will probably get, if not cheaper.

Quite interesting if it actually pans out.

[Monumental]

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

After the 10 petahsh is built, that is less than 1% of the network rate. I saw HaoBTC already has 5 PTH/s.

[clickerz]

This is good news that someone outside China is trying to compete. However, just wonder how much he will be paying to build the mining site and how long it will take to be up and running? With the reward being halved just a few days ago, maybe this is not a profit driven mission?

I think John McAfee could still profit, as long as he can have minimal power to used, like in the case of renewable energy plus with this halving, some miner will discourage to ine maybe This man is wealthy, and I think he is on spending spree

the question is why did he take him so long to join the btc ship ? or even better what did he knows about and decide to join , but then again since he used to be an IT/programmer guy.. maybe just for hobby and a little profit.. OR maybe he will roll his own crypto-currency ??
we shall see sooner or later !

If his plan to  start a BTC mining farm, that would be exciting and what would be his impact on bitcoin cryptocurrency community? Will other IT/Tech companies follows? (Some already did ) BTW, I forgot, he is also a programmer and maybe he is sold to the idea of cryptocurrency as this is the future. From his name and popularity alone, even if he create his own coin, it will surely hit the market Good Luck to him.

[From Above]

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?

John McAfee wants to compete with the Chinese miners so that's a cool thing.

We should all agree to stay groovy and foolish when we r so very rich as with the McAfees.

Some fun can be very good

~CfA~

[pereira4]

John McAfee is not rich by coincidence, this guy is smart and he sees the importance of becoming an established miner. He is the first non-chinese to start a massive mining operation to try to compete against them. That's how it's done. We need more non-chinese people to start playing on the mining game to even it out.

[Tippingcoin]

An Asicminer Blade is 10GH, so 1 PH is 100,000 of these. That is a lot of hash power to mine bitcoin.

No one mined with Asicminer Blades since forever, because obsolete.
Asicminer folded & ran away with people's coin a couple of years ago.
The current hashrate is 1,529,415,029 GH/s or about 1,529 PH/s.
10 PH is less than 1%.