Hacker News Comments on
Inside a Secret Chinese Bitcoin Mine
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HN Theater has aggregated all Hacker News stories and comments that mention Motherboard's video "Inside a Secret Chinese Bitcoin Mine".
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Hacker News Stories and Comments
All the comments and stories posted to Hacker News that reference this video.
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⬐ ogdoadSetups like this completely invalidate any individual effort.⬐ mkempeWhy completely? is there room for marginal profits at the individual level?
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Jul 12, 2017
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teknologist on
Photos: Life inside of China’s massive and remote Bitcoin mines
Vice produced a video called "Life Inside a Chinese Bitcoin Mine" which complements these photos with a bit of an eerie audio/visual experience.The noise of these machines is incredibly loud and annoying even in the edited video and the people running these things essentially live in squalor.
https://video.vice.com/en_us/video/life-inside-a-chinese-bit...
Non-Flash: https://www.youtube.com/watch?v=K8kua5B5K3I
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Jun 02, 2017
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askmike on
Bitcoin mining companies face shutdown in southwest China
https://www.youtube.com/watch?v=K8kua5B5K3I
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Mar 17, 2017
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Animats on
Bitcoin, blockchains, and national security
No, they're not outside of China. Locating a Bitcoin farm in China allows paying for power, equipment, and staff in yuan, while generating revenue in dollars or euros, legally.Northeast China mine: [1] Another China mine: [2] Mine in Kangding: [3] BW Pool and Antpool, in Inner Mongolia: [4] OxBTC farm (possibly in Ordos): [5]
[1] https://www.youtube.com/watch?v=K8kua5B5K3I [2] https://www.youtube.com/watch?v=k3-7X80DXzY [3] http://www.afr.com/technology/lisa-kangding-story-20160706-g... [4] https://bitcointalk.org/index.php?topic=969823.0 [5] https://www.facebook.com/oxbitcoin/videos/921660704629104/
⬐ TaekThe mining is in China but the nodes are outside of China. Then they have multiple means of talking to the nodes from the mining farms.⬐ NoneNone⬐ andirkI think I get it. So 1) the computing power happens on hardware in China, but then 2) the message can, if need be, relay the message of, say, a new mined block to non-internet points that are able to escape The Great Firewall, then 3) outside of China it connects those messages to the internet. Is that right?
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Feb 09, 2017
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brilliantcode on
Two of China's Biggest Exchanges Stop Bitcoin Withdrawals
Won't guys like this https://www.youtube.com/watch?v=K8kua5B5K3I get affected? If all they can do is mine but not cash out, what happens to the network transaction speed and the overall difficulty?
⬐ h1dHow is cashing out got anything to do with processing speed?
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⬐ nodesocketHonestly this upsets me. They are wasting power without any regard to energy, the entire place is a massive electrical fire just waiting to happen, and the workers are like slaves. Did you see the "resting" bed, it was filthy. Not to mention, all the wasted computer parts and power supplies they just throw away. It is any wonder why China's air quality is so poor. This is a zero sum game for them, but the quality of life in China is so poor it is sustainable.