Visit of ASICMINER's Immersion Cooling Mining Facility

[jojo69]

Dude, I am an owner of a major computer review site. 

ummmmm, no

Anandtech is major, Tom's is major (if bought off), [H]OCP is major

delusions of grandeur

[Zakryze]

wow this is sick, that mining center should mine for me just 1 day that would be perfect lol!

[caoxg]

The most exciting thing I realized is that we are at the edge of innovation. Soon comes the time that Bitcoin/mining will drive innovation in related fields that was previously not expected, for example pushing immersion cooling technology like in this case.

I left you a small donation of 25 millibit yesterday also, thanks for the great report!

You must be the owner of 1NvqMpXN57WUqxH9Jf2rL9Evaqw86rKbk6.Thank you very much!

[bkpduke]

Someone having a hard time selling their bitfurys?

ROFL!  Sell?

I have made 3X my ROI, and don't pay for power for my Bitfury (1.5TH worth).  Why on earth would I want to sell those money-printing machines?

[cacalillos]

Wow!!

[krpz]

Great report. Thank you for your information.

[razorfishsl]

So I can see your setup in Hong Kong and I know the building.

Tell me are you  a registered company in Hong Kong?

RF

[midnightmagic]

Yes, continue to centralize hashrate, please. 

[capa]

end to end innovation, this shows exactly why bitcoin will always win

[dropt]

Yes, continue to centralize hashrate, please. 

IIRC the plan is to franchise out the mining containers.  You want to bitch about centralization, go harass the GHash.io people.

[Bicknellski]

Be nice to see an update on this when they change over to a newer chip.

[wpgdeez]

Screw the miners sell us the containers so we can fill them with Ants

[antirack]

Project video showing ASICMiners Hong Kong facility:
http://www.youtube.com/watch?v=oZavKweMrP4

[ZephramC]

Yes, continue to centralize hashrate, please. 

That's like 1% or less.
I bet you think "decentralized" is accessible to 15-year old gamers with GPUs. Well, that's not going to work if you want to build the biggest worldwide currency and transaction network.

No only accessible, but also profitable. 

[dogie]

Yes, continue to centralize hashrate, please. 

That's like 1% or less.
I bet you think "decentralized" is accessible to 15-year old gamers with GPUs. Well, that's not going to work if you want to build the biggest worldwide currency and transaction network.

No only accessible, but also profitable. 

Profit = opportunity = desire to fill that opportunity. Unless someone is ACTIVELY feeding the market money as a GGG, your utopian scenario won't exist.

[ZephramC]

Yes, continue to centralize hashrate, please. 

That's like 1% or less.
I bet you think "decentralized" is accessible to 15-year old gamers with GPUs. Well, that's not going to work if you want to build the biggest worldwide currency and transaction network.

No only accessible, but also profitable. 

Profit = opportunity = desire to fill that opportunity. Unless someone is ACTIVELY feeding the market money as a GGG, your utopian scenario won't exist.

Opportunity => Desire to fill the opportunity + Means to fill the opportunity => Filling the opportunity (before anyone else and to someones satisfaction) => Profit (on both sides, win-win scenario).

Which "utopian scenario" do you have in mind? Surely not everyone (in one area) can have profit not even the majority, sometimes not even the significant part. That is necessary feedback and incentive to move to another area.

Or should my previous post include the "He (midnightmagic) probably means:" prefix ?

[HashingHitman]

am a newbie, so excuse me if i say something stupid,
how can such farms build or install this infrastructure without being worried about changing hardware every 2 to 6 months like most small time farmers do ?

if i understood this correctly if a home farm needs to compete in this market (excluding large farms) one needs to buy a decent 1TB miner and keep growing the units as fast as possible, to keep up with difficulty and grow the farm slow...

am i making any sense ?

[dexX7]

The farm is build in a way that the hardware is changable very fast, so even if the current generation is replaced, it's not a problem, especially with this farm. Does that make sense?

[HashingHitman]

thank for the reply, it does now

[agibby5]

Plus, I'm sure Asicminer hardware is profitable for MUCH longer for the manufacturer than it is for the retail purchaser.  They probably haven't upgraded this stuff yet, while most smaller miners have had to dump this hardware long ago.