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Author Topic: World’s Third Most Powerful Data Center For Bitcoin Mining  (Read 2228 times)
eaLiTy
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December 03, 2016, 10:07:01 PM
 #21

The planned data center would be capable of consuming up to 135 megawatts of power, which will add it to the list of the highest powered data centers in the world. Wind and solar energy would be the primary source of power for the data center. It is specially designed for high-performance computing and, considering the interest of most investors in the data center, mining of cryptocurrencies such as Bitcoin will be its major application.

Here is the article from Bitmain blog : https://blog.bitmain.com/en/bitmain-to-set-high-standards-with-state-of-the-art-xinjiang-data-center/
Well, I guess it's an interesting investment and kind of a neat project, but I'm curious as to how something like that is going to make a lot of its money back. Even though a lot of it will be using renewable energy, that's still a stretch. I would assume a lot of money is going to be poured into this thing.
With the amount of hashrate it is obvious that they will be controlling the mining department for a very long time and they could determine certain things when it comes to bitcoin transactions in the future by setting a certian price for the transaction and so on,they wont invest this much without seeing the profit in the long term.














 

 

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1539929897
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December 04, 2016, 01:25:49 AM
 #22

The planned data center would be capable of consuming up to 135 megawatts of power, which will add it to the list of the highest powered data centers in the world. Wind and solar energy would be the primary source of power for the data center. It is specially designed for high-performance computing and, considering the interest of most investors in the data center, mining of cryptocurrencies such as Bitcoin will be its major application.

Here is the article from Bitmain blog : https://blog.bitmain.com/en/bitmain-to-set-high-standards-with-state-of-the-art-xinjiang-data-center/
Well, I guess it's an interesting investment and kind of a neat project, but I'm curious as to how something like that is going to make a lot of its money back. Even though a lot of it will be using renewable energy, that's still a stretch. I would assume a lot of money is going to be poured into this thing.
With the amount of hashrate it is obvious that they will be controlling the mining department for a very long time and they could determine certain things when it comes to bitcoin transactions in the future by setting a certian price for the transaction and so on,they wont invest this much without seeing the profit in the long term.

I can't get a definite answer for that. Totally not all of it has made for only does the mining activities.  It may affect the mine pool. Even the mine pool has had over 51% hashrate which means they will get a lot from the pool fees.
But try to keep our eyes in there.


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QuintLeo
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December 04, 2016, 09:05:38 AM
 #23

I can't understand why they are building up mining center for bitcoin day by day it's difficulty level will increase. Some user says that bitcoin mining is quit unprofitable when reward came down from 25 to 12.5 they would made better idea if they used the system for mining other altcoin.

 (1) They make the gear, that keeps their cost low and makes it a TON easier to achieve ROI.
 (2) They should have fairly low cost on electric.

  Those that say "bitcoin is unprofitable" are incorrect - it can be QUITE profitable and will stay that way if your cost of electric is low enough, even as a small end-user.

 Those that look for "quick buck" 2-3 month ROI are not looking at the current circumstances - those that are more reasonable and figure on ROI in 10-12 months are fairly likely to manage that, especially when they are the manufacturer of the current "most efficient gear made".



 Do keep in mind that we are *YEARS* away from the next halfing.

 Also, the market for ASIC for "altcoins" is a much smaller market - even if ALL altcoins used the SAME algorythm and could be mined on the SAME ASIC hardware, it would be something on the order of 10% OR LESS of the market for Bitcoin ASIC gear.


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December 08, 2016, 09:48:58 AM
 #24

Yeah mining is still profitable to some degree for sure. It seems like every single thread is full of noob accounts using all caps to spread FUD about mining. I will say that the golden age is long gone however and this era of profitability is quickly fading. Within a year or two mining might be at a loss for everyone involved sadly. For now the big companies are raking in the dough and almost all the smaller miners are still making a bit.
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December 09, 2016, 01:56:00 PM
 #25

I just dined with three miners who ran a farm in my region and they told me that they rented a section of the said DC which is still under development. I asked them to bring me along next time they visit and they agreed. The trip will be end of the month, if happens at all. Stay tuned.
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December 10, 2016, 04:12:32 PM
 #26

I just dined with three miners who ran a farm in my region and they told me that they rented a section of the said DC which is still under development. I asked them to bring me along next time they visit and they agreed. The trip will be end of the month, if happens at all. Stay tuned.

staying tuned Smiley
hopefully you will be allowed to take pictures inside
so there is a detailed report with pictures of one of the largest bitcoin mining facility in the world
colour me intrigued

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