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Inside BitFury's 20 Megawatt Bitcoin Mine
1sockchuck (826398) writes Bitcoin hardware vendor BitFury has opened a 20-megawatt data center to expand its cloud mining operations. The hashing center in the Republic of Georgia is filled with long rows of racks packed with specialized Bitcoin mining rigs powered by ASICs. It's the latest example of the Bitcoin industry's development of high-density, low-budget mining facilities optimized for rapid changes in hardware and economics. It also illustrates how ASIC makers are now expanding their focus from retail sales to their in-house operations as Bitcoin mining becomes industrialized.
Good thing you're not solving real problems. What. A. Fucking. Waste.
As far as I can judge, and please correct me if I am wrong, running a bitcoin mining farm isn't really something that ties up a lot of your time. I might be a bit naive, but... isn't it just "flip the switch and, well, wait"?
If it's not so, the next question is probably moot, but if it is: Why would anyone SELL bitcoin mining rigs instead of simply building them and getting rich themselves? To me the whole deal smells a bit like those crystal ball experts who tell you next weeks lottery numbers... why, if it works, don't they play themselves and get rich themselves?
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Modded down for telling the truth. These guys are wasting a small town's worth of power to do worthless calculations.
Play Command HQ online
Considering that bitcoin isn't big enough, nor has it been around long enough to bail out, using the bank bailouts as a comparison is a specious justification.
Just because a new system is different than a bad system, does not logically imply that it is a better system by default.