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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."

16 of 250 comments (clear)

  1. Re:Pfft by Anonymous Coward · · Score: 5, Funny

    They need that much power to render the Slashdot Beta javascript.

  2. Why not just keep it? by AmiMoJo · · Score: 5, Insightful

    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
    1. Re:Why not just keep it? by Joce640k · · Score: 5, Funny

      Because mining the Bitcoin miners is more profitable.

      --
      No sig today...
    2. Re:Why not just keep it? by niado · · Score: 5, Insightful

      Just like in a physical gold-rush - sometimes it is better to just sell shovels.

  3. Ah, but will it Fuck Beta? by denzacar · · Score: 5, Funny

    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
    1. Re:Ah, but will it Fuck Beta? by DaTrueDave · · Score: 5, Informative

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

  4. Nobetanobetanobetanobeta... by aardvarkjoe · · Score: 5, Interesting

    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?
  5. Boycott by Anonymous Coward · · Score: 5, Informative

    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))

  6. I am Slashdot by OzPeter · · Score: 5, Informative

    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?
  7. Re:Pfft by cheesybagel · · Score: 5, Insightful

    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!

  8. My First post by cageybee · · Score: 5, Informative

    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

  9. About the proposed boycott by knarf · · Score: 5, Insightful

    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
  10. Re:Pfft by ShanghaiBill · · Score: 5, Insightful

    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.

  11. Re:Now even bitcoin miners have better planning by tburkhol · · Score: 5, Informative

    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.

  12. Re:Slashdot death rattle by Yebyen · · Score: 5, Informative

    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.

    --
    Restating the obvious since nineteen aught five.
  13. Slashdot Beta doesn't copy titles? by GameboyRMH · · Score: 5, Informative

    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