Slashdot Mirror
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."
than whoever planned slashdot beta.
They need that much power to render the Slashdot Beta javascript.
Why not just keep the Bitcoins they mine?
Why not just keep Slashdot Classic? Fuck beta.
const int one = 65536; (Silvermoon, Texture.cs)
SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
The Beta will mark an end to some of the most informative and most insightful users from their daily input on Slashdot. Many have voiced disgust but Dice has decided to be tight lipped and head strong in the face of civil disruption.
If you want a progressive and forward thinking Slashdot you must voice your opinion on the matter now. Dice is moving to what will certainly be a call for exodus.
Why would Dice buy Slashdot only to destroy it?
Dedicated Cthulhu Cultist since 4523 BC.
Don't be too proud of this technological terror you've constructed. The ability to mine Bitcoin is insignificant next to the power of the Fuck Beta.
Mit der Dummheit kämpfen Götter selbst vergebens
http://www.slashcode.com/www.slashcode.com/
http://sourceforge.net/projects/slashcode/
food for thought: http://c2.com/cgi/wiki?SlashDot
Geeks like to think that they can ignore politics, you can leave politics alone, but politics won't leave you alone.-rms
If the "new site" had been designed by competent programmers, then it would have been a trivial matter to swap between the "new" and "old" interfaces. Apparently it is not. They must have hired the contractors that couldn't get a job working on healthcare.gov.
Continue to turn the comments threads into a trash heap to drive people away. And don't forget to turn on your ad blocker. Do what you can to get their attention until they publicly acknowledge that this is a mistake -- because they're not going to pay attention otherwise.
How can we continue to believe in a just universe and freedom to eat crackers if we have no ale?
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))
I submit stories. I read stories. I add comments. I moderate comments. I am the reason that there is ad revenue.
I am Slashdot.
I am Slashdot. Are you Slashdot as well?
I would be interested in reading the summary buuuuuuuuut... Fuck you Beta. Hard. With fiberglass insulation for lube.
If money is the tool of the Devil then Bitcoin is even worse. Exponentially wasting electricity and semiconducts to generate a unique numeric key. Great!
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
"If you like your classic slashdot. You can keep your classic slashdot."
I've seen many calls for a boycott, and such a thing might be in order to get the powers that be to understand that the future of /. is rather bleak without actively participating users.
One thing is missing from these boycott calls: a means of communication before, during and after the proposed boycott. Without such a means of communication nobody will know whether the boycott is successful or not. At the most they'll head for /. - thereby negating the effect of the proposed boycott - to see whether it is as empty as intended.
If anyone has a suggestion for a good place to discuss and connect during the boycott, please speak up. Understand that many /.-ers are wary of all the social boondoggery which infests the web so don't come with suggestions like 'facebook' or 'twitter'. A newsgroup would work, as would another discussion forum. That newsgroup should have a web interface, preferably one which does not require you to login using a Google/Yahoo/Microsoft/Facebook/Twitter/other-big-data-vacuum account.
Any suggestions?
--frank[at]unternet.org
That describes practically every data transaction we do involving money in this world,
No, it does not, in any way.
When they're big enough to require their own power plant?
Exponentially wasting electricity and semiconducts to generate a unique numeric key.
It is far better than the damage done by gold mining, which can result in erosion and mercury contamination. But even the environmental damage done by gold mining is better than Slashdot Beta.
This is really totally stupid. So they are wasting 10,000 kilowatt of electrical power on some artificial "currency".
Wrong kind of processing power. The NSA would be able to obtain more BTC if they killed the power to their computer center and used the money to buy them on the open market.
Beta needs more whitespace.
(Yes, that was sarcasm)
When people offer money for something, someone somewhere will figure out a way to deliver what they want. The guys who are building the data center are smart and are doing so with real money. They need a return in real money, not play money (bitcoin). I'll bet all my bitcoins that they don't accept bitcoin as payment. Like the guy said in Scarface, "never get high on your own supply". They are selling to people who fantasize about getting rich on bitcoins. There are plenty of such people around, many on this forum, who would pay real money for a chance to make some play money.
This one puzzles me somewhat. If one can make money by mining with ASIC rigs, why would anyone sell or rent them, wouldn't they make more money by mining? If they make more money by selling or renting, then wouldn't that mean that mining is silly?
- Raynet --> .
They say that the people who always do the best out of a gold rush are the guys selling the shovels. Even if you're a die-hard bitcoin supporter, you need to accept that there is some risk to it. Selling a computer has no such risk. Kinda like staying with /. with the beta looming has a risk to it, where simply moving to a different site has no such risk.
Is 1563649 a prime number?
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.
"When information is power, privacy is freedom" - Jah-Wren Ryel
How about how much Visa burn as energy to secure its network?
I dunno. Ask the nerds doing security how active they are, and then check their candy bar and Mt.Dew consumption.
How many buildings? Employee who burned fuel every day to go to work? That's energy too... and the result is the same, they both securing their network.
Yes, but the energy costs of printing real money is fairly low, and non-constant.
The energy costs of PRODUCING Bitcoins (which is what the GP you were responding to, wrongly I might add) is incredible.
More comparable to what YOU are talking about are the costs of maintaining a Bitcoin "market". Which is a whole different set of power expenditures.
Chas - The one, the only.
THANK GOD!!!
Ummm .... I think he was referring to the fact that the people who made the most money during the California gold rush were the people who sold picks/shovels/mules to the prospectors.
The same thing is going on here - it's far more profitable to sell the ASICs to miners than it is to plug them in and use them.
No sig today...
How about how much Visa burn as energy to secure its network?
Per transaction handled? Far, far, far less than the Bitcoin network.
Economies of scale at play.
If visa had 1/100th of the users, they still would have most of the costs and energy expenditure related - since their main energy expenditure is not the computing power.
Bitcoin is still small - just wait until it grows a bit more, since the energy expenditure per transaction expands by the hashing over and nothing else. It will eventually level off.
Besides, this point is moot.
The operational differences in bitcoin as a value totally exceeds the expenditure in energy consumption.
Unless you happen to be one of those who likes their money depreciating, arbitrary limitations, someone snooping on your payments and very high transaction costs
Pulsed Media Seedboxes
Anyone throwing a huge amount of money at ASIC mining doesn't know where the profitability is in cryptocurrency. The place to earn your money is in the first few weeks of any new coin, even more so if they offer a hashing algorithm that is resistant to ASICs or GPUs. It's savvy technicians getting pools up for the launch of new coins that should be doing well, not bloated companies who mindlessly throw more SHA-256 hash at bitcoin.