Bitcoin Mine

[kipper01]

Interesting video...
http://www.coindesk.com/video-vice-tours-bitcoin-mine-china/

[BillyBobZorton]

Thanks for that, i love vice's work, they always risk a lot of shit and have some of the wittiest guys as reporters.

[kolloh]

This video was actually really well done. It was pretty cool to see the inside of a large bitcoin mining facility like this.

Those extractor fans look pretty powerful lol, wouldn't want to get too close to them.

The employees get to play PC games while monitoring the miners too. Nice!

[Shattered]

VICE is one of the best shows on TV these days...Its nice to see this subject covered by a new up and coming piece of Journalism gold.

[cheekychap]

" This one mines 20 to 25 bitcoins a day, although it was producing 100 coins a day at its peak. "
Thats 4000$ a day. Not that bad. But they used to earn 100 BTC at >600$ , so around 60,000$ a day. Must have become millionaires.

[bitgeek]

At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed 

[cheekychap]

At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed 

It might be just like the forums, people starting threads that they sold their houses to buy bitcoin, just to get people believe and not sell as well

[franky1]

At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed 

whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)

[bitgeek]

At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed 

whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)

Yep, they are using those crappy exchanges only when they want to manipulate the price and cause panic. It usually works 

[kpitti]

At 3:33 he says that bitcoin is the future and he believes in it. Does that mean he's not dumping it on the market but holding? I doubt it.
He said something about being 50/50 in bitcoin and fiat. When other Chinese dumpers start doing their thing he's probably wetting the bed 

Since they have some cost of running this they need to pay in fiat for electricity etc. Then I expect even more then 50/50.

whales dont use crappy exchanges when they need actual cash. they sell them privately thus not impacting the exchange (as all smart people should be doing)