disparity (OP)
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Activity: 18
Merit: 5
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November 06, 2014, 03:50:47 PM |
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twoface
Newbie
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Activity: 21
Merit: 0
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November 06, 2014, 03:53:18 PM |
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 thats terrible to watch
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bornil267645
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November 06, 2014, 06:09:22 PM |
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It's horrible...  ... I really hope and pray that this kind of situation never comes back again. |
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Piston Honda
Legendary
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Activity: 2702
Merit: 1064
Juicin' crypto
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November 06, 2014, 06:11:48 PM |
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Wow, crazy....something tells me they don't have insurance.
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$ADK ~ watch & learn...
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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November 06, 2014, 07:02:10 PM |
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really ?? they turned a wooden barn into a mining farm data center ?? wow i have never seen that before.
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alps
Newbie
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Activity: 25
Merit: 0
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November 06, 2014, 07:10:18 PM |
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Wow, crazy....something tells me they don't have insurance.
It has been confirmed that there was no insurance |
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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1010
In Satoshi I Trust
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November 06, 2014, 09:10:11 PM |
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cryptworld
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November 06, 2014, 09:41:12 PM |
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how does this affect the bitcoin enviroment?
more dump or lower dump?
i don't really know
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Cranky4u
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November 06, 2014, 09:45:01 PM |
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Muuuuhahahahha...crazy arse asians are always doing dodgy shit.
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inBitweTrust
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November 06, 2014, 09:46:23 PM |
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Interesting, another risk of centralized mining operations. They have to buy insurance and invest more in security. All overhead that individuals owning 1 ASIC each do not need.
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junkskin
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Activity: 56
Merit: 0
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November 06, 2014, 09:50:53 PM |
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how does this affect the bitcoin enviroment?
more dump or lower dump?
i don't really know
Market not yet responded |
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Honeypot
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November 06, 2014, 10:09:12 PM |
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Mining has its risks.
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OgNasty
Donator
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Activity: 4746
Merit: 4274
Leading Crypto Sports Betting & Casino Platform
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November 06, 2014, 11:11:42 PM |
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Wonder what it was insured for. I wouldn't put it past desperate miners to burn down their farm in order to recoup the costs they paid for their now unprofitable equipment.
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thew3apon
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November 07, 2014, 12:14:57 AM |
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Wonder what it was insured for. I wouldn't put it past desperate miners to burn down their farm in order to recoup the costs they paid for their now unprofitable equipment.
It is reported above that there was no insurance (insurance is not as common in less developed parts of the world). I am personally curious as to how much mining capacity (in terms of PH/s) was lost |
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grosminer
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November 07, 2014, 02:57:29 AM |
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Someone posted the original story on twitter and theres no mention of bitcoin mining there..
Maybe it was just a data center?
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harrymmmm
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November 07, 2014, 03:27:59 AM |
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really ?? they turned a wooden barn into a mining farm data center ?? wow i have never seen that before.
Haha. That's a typical thai mindset tho. |
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arnuschky
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November 07, 2014, 10:08:31 AM |
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Seems like it. Wondering already how Coindesk made this up: The incident was reported in local media, but the bitcoin community started realising something was wrong before the news broke, as the disaster seemed to have caused a drop in the hash rate.
But then, it's Coindesk after all... |
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arnuschky
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November 07, 2014, 10:10:45 AM |
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It wasn't a wooden shed.
It was operated by expats.
Also, please keep racist slurs out of the forum.
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franky1
Legendary
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Activity: 4228
Merit: 4488
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November 07, 2014, 11:00:21 AM |
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twitter says it happened 14th october. hashrate was 266peta and dropped to 243peta so less then 10% of the network at most |
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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