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Author Topic: Blockstream Reveals Massive Bitcoin Mining Facilities  (Read 92 times)
fillippone
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August 09, 2019, 12:49:04 PM
Merited by suchmoon (4)
 #1

This is big.

Blockstream Reveals Massive Bitcoin Mining Facilities, Fidelity An Early Customer

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On Thursday, blockchain technology company Blockstream revealed details related to their massive Bitcoin mining data centers in Quebec, Canada and Adel, Georgia. The facilities account for a combined 300 megawatts worth of energy capacity, and they’re currently available for hosting enterprise-level mining activities, in addition to Blockstream’s own mining operations.

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The size of Blockstream’s mining facilities cannot be overstated. According to Blockstream CSO Samson Mow, the facilities would account for roughly 6 exahashes of Bitcoin mining power if used at full capacity with the latest ASIC mining hardware

This is 7.5% of mining hashpower (conservative hypothesis the miners are are all already turned on now-already counted in the current 80 Ph/s).
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August 09, 2019, 03:48:17 PM
Last edit: August 09, 2019, 04:05:21 PM by philipma1957
Merited by suchmoon (4)
 #2

This is big.

Blockstream Reveals Massive Bitcoin Mining Facilities, Fidelity An Early Customer

Quote
On Thursday, blockchain technology company Blockstream revealed details related to their massive Bitcoin mining data centers in Quebec, Canada and Adel, Georgia. The facilities account for a combined 300 megawatts worth of energy capacity, and they’re currently available for hosting enterprise-level mining activities, in addition to Blockstream’s own mining operations.

Quote
The size of Blockstream’s mining facilities cannot be overstated. According to Blockstream CSO Samson Mow, the facilities would account for roughly 6 exahashes of Bitcoin mining power if used at full capacity with the latest ASIC mining hardware

This is 7.5% of mining hashpower (conservative hypothesis the miners are are all already turned on now-already counted in the current 80 Eh/s).



it is eh not ph  spell check does that to me a lot.  So they have 300 megawatts

so it may be they have 240,000 kwatts of that not the whole 300,000 if you derate

and if they have all s17 pro 53th  already running they have   that would mean   240,000/2.2 =  110,000 units x 53th = 5.83 eh

so the real question is did they get all the gear in  and last jump was the growth  of them.  We added about   7eh last jump.

it explains all delays of gear  not being sold to smaller buyers.
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August 09, 2019, 04:32:55 PM
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Hmm there's actually a lot to unpack from that article. First yeah they're huge but with a similar model to Bitmain apart from the hardware sales mining for themselves, hosting and pool operation. Who knows how much is their hash, and how much will be hosted for clients. If not for gear shortages they surely could just shutter the doors to outside miners and rock a massive percentage of the global hashrate, but seems counter intuitive to the decentralization talk you don't normally hear from a large entity.

Then there is the new pool protocol they are going to launch, where the miners get to control the transactions being included not the pool operators. No empty blocks there if everything goes smooth.
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August 09, 2019, 05:06:08 PM
Last edit: August 09, 2019, 05:39:48 PM by NotFuzzyWarm
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Then there is the new pool protocol they are going to launch, where the miners get to control the transactions being included not the pool operators. No empty blocks there if everything goes smooth.
which would make it technically an altcoin operation just as Lightning network is.
My other issue with them is Dr. Back being CEO: Kudos to him being cited in the original BTC whitepaper but IMHO his actions since then have NOT been in the better interests of Bitcoin. His part in backing Halong with the Dragonmints along with his holding back on deliveries just to keep them hashing for himself (on ckpool, over 300PH for several months) until threatened with lawsuits comes to mind for a start...
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August 09, 2019, 06:05:17 PM
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Then there is the new pool protocol they are going to launch, where the miners get to control the transactions being included not the pool operators. No empty blocks there if everything goes smooth.
which would make it technically an altcoin operation just as Lightning network is.
My other issue with them is Dr. Back being CEO: Kudos to him being cited in the original BTC whitepaper but IMHO his actions since then have NOT been in the better interests of Bitcoin. His part in backing Halong with the Dragonmints along with his holding back on deliveries just to keep them hashing for himself (on ckpool, over 300PH for several months) until threatened with lawsuits comes to mind for a start...

that is interesting.  so to have that much in t1's he had a deal with innosilicon as they built the t1's

so much behind the curtain.  I wonder if they are now working with bitmain ,MicroBT ,avalon or innosilicon to load up with gear.

one thing is for sure they are not pointing gear to ckpool at the moment.
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August 09, 2019, 08:20:03 PM
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My other issue with them is Dr. Back being CEO: Kudos to him being cited in the original BTC whitepaper but IMHO his actions since then have NOT been in the better interests of Bitcoin. His part in backing Halong with the Dragonmints along with his holding back on deliveries just to keep them hashing for himself (on ckpool, over 300PH for several months) until threatened with lawsuits comes to mind for a start...
so much behind the curtain.  I wonder if they are now working with bitmain ,MicroBT ,avalon or innosilicon to load up with gear.
one thing is for sure they are not pointing gear to ckpool at the moment.
I had no idea the connections there. That shitshow went on so long and flammed out so poorly I never followed if there were resolutions. Surprised more people weren't screaming his name back then when the gear shit the bed so hard and support and supply just disappeared.

I imagine they are working with all the distributors now that were able to produce gear under 60W/TH. That's a lot of space to fill, especially if you also want to be a one stop shop for customers. They've likely been going solo and/or are testing their pool.
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