About: Inside a Bitcoin mine that earns $70K a day
This guy is obviously trying to sell his mining operation to some bigger whale, otherwise you wouldn't "share your secret sauce". He knows his days are numbered in this business.
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What's interesting to me, as someone who knows very little about Bitcoin, is that it SEEMS to me that one of the overriding principles people want to 'get into' Bitcoin is to 'make (Bitcoin) money'. In other words, the driving force is - just like 'real' (old fashioned) money (and apart from wanting to be separate from the banking system is) GREED. In other words, the underlying driving force is still the same for both systems because the MENTALITY of the people creating, buying and selling Bitcoin has not evolved to a place where values have significantly changed, ie, people and welfare come first. If the number of coins minable is FINITE, which it is, and those finite coins are finally mined in around 2040, what happens then? People will still be 'fighting' over Bitcoin, it will still be 'some have, and others don't have'. From a standpoint of wanting to make the world a better place, I don't understand this. It doesn't seem to work.
You idiots on the comment thread, yes the price went down but those who stayed in the network got more of the shares mined. Just saying
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What model of gpu are used for this mine and how much each costs?
Some one tell me what are those puzzles that are being solved by these machines ? What does it mean ? These puzzles are being created by the mining pools ? I dont get it ! Please explain.
Imagine if they did this with a photovoltaic system.
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if you got companies doing this just imagine what the government is doing
can it run crysis?
Wow each miner only producing .00388 but the win comes in the number of miners... you'd hate life with one or two miners lol
All the comments about he is bankrupt, look at the price now dummies.
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What a waste better to use that power to take Co2 out of the air but there's not money in that whole 💰 system sucks
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