Large bitcoin farm in Thailand burns down

[bitkilo]

Muuuuhahahahha...crazy arse asians are always doing dodgy shit.

This was a group of Europeans ex-pats the article said, or are you implying the asians burnt it down?

[1714890961]

1714890961

[Bitcoinpro]

looks like a bit of kerosene was used,

[Swordsoffreedom]

Wonder how much hashing power was lost

https://twitter.com/L0gg0l/statuses/530379067208765441

Oh the humanity

That said I'm curious how much hash that mining center had operating, but still it seriously would suck for whoever invested that much into units and they have my condolences.

(Lesson to learn here invest in proper safety mechanisms)

[Hiraga]

Why is it bad news? It's competition, perhaps the difficulty rises less fast.
Perhaps a lot of bitcoins were lost too, that decreases the supply and price can easier rise.

Ok I got it. It's sad for the people involved, my condolences.

But in business: The one his death is another man's bread. I guess we all got a tiny slice.

[bitkilo]

Why is it bad news? It's competition, perhaps the difficulty rises less fast.
Perhaps a lot of bitcoins were lost too, that decreases the supply and price can easier rise.

Ok I got it. It's sad for the people involved, my condolences.

But in business: The one his death is another man's bread. I guess we all got a tiny slice.

I'm sure there wasn't any bitcoins lost in the fire, they would of had that stuff mining straight into a wallet located on a off-site computer.

[RobertDJ]

Why is it bad news? It's competition, perhaps the difficulty rises less fast.
Perhaps a lot of bitcoins were lost too, that decreases the supply and price can easier rise.

Ok I got it. It's sad for the people involved, my condolences.

But in business: The one his death is another man's bread. I guess we all got a tiny slice.

I don't think anyone actually died in the fire so condolences would really not be appropriate.

I do however think it is bad for the people who owned the farm as the fire likely resulted in losses for them (assuming the machines were still profitable on an operational basis)

[Gleb Gamow]

Wonder how much hashing power was lost

https://twitter.com/L0gg0l/statuses/530379067208765441

twitter says it happened 14th october.

hashrate was 266peta and dropped to 243peta so less then 10% of the network at most

https://ihb.io/2014-11-09/news/official-coindesk-longer-voice-digital-currency-2-13449

[Hiraga]

Why is it bad news? It's competition, perhaps the difficulty rises less fast.
Perhaps a lot of bitcoins were lost too, that decreases the supply and price can easier rise.

Ok I got it. It's sad for the people involved, my condolences.

But in business: The one his death is another man's bread. I guess we all got a tiny slice.

I don't think anyone actually died in the fire so condolences would really not be appropriate.

I do however think it is bad for the people who owned the farm as the fire likely resulted in losses for them (assuming the machines were still profitable on an operational basis)

Condolences are an expression of sympathy to someone who is experiencing pain arising from death, deep mental anguish, or misfortune.

Condolence is not always expressed in sorrow or grievance, it can also be used to acknowledge a fellow feeling or even a common opinion.