Pix of one of the largest Bitcoin mines

[BitcoinAddicts]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

Not if they have dirt cheap electricity. Its still profitable for them...

[VulgusMan]

...profittable ok... but I would not pay the electric bill

[klondike_bar]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

[Seketsuna]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

another rocket guy here $10k LOL. its like you need the NY stock exchange to accept BTC in order to achieve that dream of yours.

[picolo]

what if someone destroy that place? how can they secure it?

They don't publicly give out the location of the warehouse housing the miners. That makes it more secure for them, because then the owners (and the article author) are the only people who know the location of it, and what goes on inside.

Good article, they must have invested millions.

A big farm would see an advantage by destroying other big farms so they better be careful.

[VulgusMan]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

Ra ha ha ha... Good question seke!
I really hope will be like you are saying soon ;-)

[klondike_bar]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

another rocket guy here $10k LOL. its like you need the NY stock exchange to accept BTC in order to achieve that dream of yours.

I'm not saying rocket, I'm saying that bitcoin is growing in acceptance and recognition. Its gone from a few cypher punks to early adoption phase.

I'm not saying $10,000 will happen, but i think that in the next 3 years bitcoin will either be under $200 or over $10,000 depending if it actually continues to grow and gain utility

[picolo]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

another rocket guy here $10k LOL. its like you need the NY stock exchange to accept BTC in order to achieve that dream of yours.

I'm not saying rocket, I'm saying that bitcoin is growing in acceptance and recognition. Its gone from a few cypher punks to early adoption phase.

I'm not saying $10,000 will happen, but i think that in the next 3 years bitcoin will either be under $200 or over $10,000 depending if it actually continues to grow and gain utility

Bitcoin keeps growing, people keep building around it but the price could be at 3000$ in 3years not less than 200 or more than 10k$

[timk225]

I have a new plan for acquiring bitcoins.  I run a PC repair business, and I will be checking every single computer I get called to work on.  I know where to look and what file to look for.  If I ever find a bitcoin wallet, I hope it is not password protected......

[Keyara]

Is this farm making any profit? Inquiry mind likes to know.

[klondike_bar]

Is this farm making any profit? Inquiry mind likes to know.

of course it is. Likely paying low power costs and difficulty increases have really stagnated along with the price - a god thing for mining.

[Arrogantx]

fkn awesome lol. Love it. I'd live there

[Medow]

We are always here that Chinese farms have a very cheap electricity, what do think they are paid for electricity per kw?

[philiveyjr]

burn that place down ! lower the difficulty by at least 15-20 %
job's done !

Hahaha.!! yeah hope that happens..!! Its become soooo effing tough to mine these days.!

[picolo]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

If you cannot ROI in BTC you are better off buying BTC and get a bigger fiat profit than if you mined.

[Seketsuna]

burn that place down ! lower the difficulty by at least 15-20 %
job's done !

Hahaha.!! yeah hope that happens..!! Its become soooo effing tough to mine these days.!

if that happens another farm will be built up again, so the cycle continues..

[cyberpinoy]

Wow they missed a whole lot of needed thihgs. Its amazing for a country that has firewalled Bitcoins farms like that exist, and now we see what is included in the bi-weekly drop in the value of bitcoins. The chinese have a one day millionaire mindset like the Filipinos. they did so many things wrong and so many things right bin this picture. I wish i had the resources like they do.


You guys do understand exactly what this is right. It is a manufacture mining farm. the manufactures of the miners own farms like this all over china, where the machines that you buy from them are "tested" when you make a purchase they pull the miner off the rack blow the dust out replace the fans with lower quality shitty fans and replace the PSu with a lower quality PSU and sell them to you.

Its sickening how they are destroying bitcoins value with thier ignorance and selfishness.

[caga]

The Chinese people who paid for that farm are fools.  The time for profitably mining bitcoin is so over with.  39 billion difficulty is insane.

DAMN do I wish I knew in December 2008 what I know now about bitcoin and mining and the spikes and dips in its price over time and all that!  I'd be a BILLIONAIRE now!

Dammit dammit dammit!!!!!

In 2-3 years from now you'll look back and say "why didnt i invest in mining equipment when the difficulty was so low and before the price hit $10,000?"

You might say the opposite , if the price drops. Its hard to predict what will happen.

Bitcoin has been like this eversince. Back in 2011, it went from 250$ back to around 65$,

and then in 2013 went upto the 1000$ mark, so its always an unpredictable market.

[timk225]

I'd like to be more optimistic about Bitcoin prices, but with the history of the last year, it is hard to be.  What will happen that could pop the price up?  Litecoin has had a slow lumpkin dive all year as well.