The Bitcoin Death Star: KnC Plans 10 Megawatt Data Center In Sweden

1sockchuck writes "Bitcoin hardware vendor KnC Miner has begun construction on a a 10 megawatt data center in Sweden that it will fill with high-powered computers mining for cryptocurrency. KnC has emerged as a leading vendor in the volatile market for ASIC mining rigs, focusing on underpromising and overdelivering. One goal of its move into cloud mining is to cushion any fallout from delivery delays on new hardware, which have been a sore point for miners in the fast-moving Bitcoin market. "Over the next few months we are bringing online enough hashing power to make sure that any delay in the Neptune timeline will be compensated with a completely free hosted hashing packages to all fully paid customers," KnC says in its newsletter."

Comments

Fuck Beta, Fork Alpha.Time to resurrect slashcode?

[seandiggity]

http://www.slashcode.com/www.slashcode.com/

http://sourceforge.net/projects/slashcode/

food for thought: http://c2.com/cgi/wiki?SlashDot

Boycott

[Anonymous Coward]

Please post this to new articles if it hasn't been posted yet.

On February 5, 2014, Slashdot announced through a javascript popup that they are starting to "move in to" the new Slashdot Beta design.

Slashdot Beta is a trend-following attempt to give Slashdot a fresh look, an approach that has led to less space for text and an abandonment of the traditional Slashdot look. Much worse than that, Slashdot Beta fundamentally breaks the classic Slashdot discussion and moderation system.

If you haven't seen Slashdot Beta already, open this in a new tab. After seeing that, click here to return to classic Slashdot.

We should boycott stories and only discuss the abomination that is Slashdot Beta until Dice abandons the project.
We should boycott slashdot entirely during the week of Feb 10 to Feb 17 as part of the wider slashcott

Moderators - only spend mod points on comments that discuss Beta
Commentors - only discuss Beta http://slashdot.org/recent - Vote up the Fuck Beta stories

Keep this up for a few days and we may finally get the PHBs attention.

Discussion of Beta: http://slashdot.org/firehose.pl?op=view&id=56395415
Discussion of where to go if Beta goes live: http://slashdot.org/firehose.pl?op=view&type=submission&id=3321441
Alternative Slashdot: altslashdot.org (thanks Okian Warrior (537106))

Re:Slashdot death rattle

[sinij]

I don't understand anyone would think "Beta" is anything other than a disaster, but someone please post where we all going to move to.

I am Slashdot

[OzPeter]

I submit stories. I read stories. I add comments. I moderate comments. I am the reason that there is ad revenue.

I am Slashdot.

Re:Slashdot death rattle

[TheNastyInThePasty]

Slashdot is officially being actively destroyed because it doesn't make enough advertising revenue anymore

From the report:

Slashdot Media was acquired to provide content and services that are important to technology professionals in their everyday work lives and to leverage that reach into the global technology community benefiting user engagement on the Dice.com site. The expected benefits have started to be realized at Dice.com. However, advertising revenue has declined over the past year and there is no improvement expected in the future financial performance of Slashdot Media's underlying advertising business. Therefore, $7.2 million of intangible assets and $6.3 million of goodwill related to Slashdot Media were reduced to zero.

Re:Slashdot death rattle

[JWW]

I have been reading/commenting at /. since 1998.

I have a 5 digit userid (of course the beta won't display that anymore).

I'm gone if the beta is forced on me.

My First post

[cageybee]

I've been a lurker for a long time, probably a couple of years before registering for an account, and have never posted a thing (I have moderated over the years) I'm going to break that tradition now for: Beta is awful, please please keep access to Classic. I cannot read Beta on any device other than my home PC. If I can't read your site, I will not be coming back. Please do not completely break Slashdot

Re:Ah, but will it Fuck Beta?

[DaTrueDave]

I will be joining in the Slashcott from Feb 10-Feb 17.

Re:Now even bitcoin miners have better planning

[tburkhol]

From Dice's quarterly report:

Corporate & Other segment revenues decreased 9% year-over-year to $4.3 million for the quarter ended December 31, 2013 from the comparable 2012 period, due primarily to the financial results at Slashdot Media.

Message: slashdot is losing money, and something needs to change very fast. Whatever /.'s current user base is, it is not a profitable set of consumers, and Dice appears not to be worried if their non-profitable customers go away.

Re:Slashdot death rattle

[Yebyen]

Try using it for a while. You can't link directly to comments, you can't click a username to visit somebody's profile, it seems to delete whole posts (for me at least) whenever that person tries to thoroughly exercise Unicode, instead of just deleting the Unicode characters like Classic. It has really got nothing at all positive over Slashdot Classic in my opinion. It should be clear what the users want, since every single article is crapflooded with comments about "FUCK BETA" and they are actually getting modded up.

Slashdot Beta doesn't copy titles?

[GameboyRMH]

If I had to choose between more banner ads on Slashdot and the current beta I'd go with the extra ads hands-down. I've had the option to disable ads for a long time but I left them on.