How are large Bitcoin mining operations built?

GigaHash Miner ICO

GigaHashMiner.io is an Iceland based new generation bitcoin mining firm .The company own and operates most energy efficient state of the art mining farm in Iceland. GigaHash offers ERC20 based tokenized cloud contracts named as GHS. Each GHS token will be backed by 1 GH/s of mining power. Tokens will be tradable in external exchanges as well as pays daily dividend based on mining profitability
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Whats the best way to find a talented person to manage a large bitcoin mining operation? /r/BitcoinMining

Whats the best way to find a talented person to manage a large bitcoin mining operation? /BitcoinMining submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

BURST giveaway! Own some of the first proof-of-capacity coin!

As we all know, there are many cryptocurrencies out there. It's difficult to find the ones which offer something interesting, useful, or game changing. Well, I think I found one, and I want to personally promote it.
Burstcoin is the first proof-of-capacity (POC) coin. What is POC? Basically, it uses hard drive space as mining power. You write chunks of data called "plots" to your drive which are then used during mining. This consumes much less power than proof-of-work coins like Bitcoin or Litecoin. You can probably think of a plot like a lottery ticket; the more tickets you have, the better your chances to win. Burstcoin's infrastructure (e.g. wallet, network, etc.) is based on NXT, the #6 cryptocurrency by market cap ( http://coinmarketcap.com/ ). This gives it many useful features like a built-in asset exchange, simple messaging, named accounts, and many others. Burstcoin was not pre-mined (unlike NXT, which was fully pre-mined).
Who am I? I work in the cryptocurrency space; I'm currently working at a large Bitcoin mining operation, and I'm a day trader of cryptos. I like the ideas of cryptocurrencies and the possibilities of the blockchain. I'm a Bitcoin proponent. I believe that there can be multiple successful cryptocurrencies. And I've been intrigued enough by Burstcoin that I'm starting a hosted mining service for it: http://burst.farm
If you're new to Burstcoin, be one of the first 100 people to reply to this post and I'll send you 100 BURST. If you need a free wallet access portal, go to https://burst.farm:8125 (unlike coins like Bitcoin, this does not host your funds; the passphrase is just a key into the BURST blockchain and you can access your funds from any access portal, on your machine or elsewhere). I'm currently using a self-signed certificate, so you can just accept the error; this will secure your connection to the server. Enter a passphrase or let it generate one for you (and SAVE IT! This is the only way to get into your BURST wallet). Or you can use one of the two exchanges listed below. Paste your new BURST-XXXX-XXXX-XXXX-XXXXX address in your reply here. Then, to fully activate your account, spend 1 BURST (the easiest way is to set your account name, which costs 1 BURST).
Welcome to Burst!
burst.farm Official (for messaging, assets, etc.)- BURST-QU5F-86S5-L8BP-CMNNK
Links:
(Edit: formatting links, added exchanges and IRC channel, explained self-signed certificate)
submitted by sestertius753 to CryptoCurrency [link] [comments]

Someone please proofread what I have written below, so it can be posted on r/environment and other such subreddits.

Here is the title.
Bitcoin requires a tremendous amount of electricity to be maintain, but there are much more environmentally-friendly, alternative cryptocurrencies. Please demand that merchants accept the environmentally friendly alternatives.
Executive Summary:
Large Bitcoin mining operations are now being constructed in places where they unnecessarily squander the least expensive, renewable hydro-electric and geothermal-electric resources. There are very environmentally-friendly, readily-available, alternative cryptocurrencies such as Blackcoin and NXT that do not pose a threat to these precious renewable resources.
The environmentally unfriendly coins that require a lot of electricity to mine are called Proof of Work (PoW) coins. The environmentally friendly alternatives like Blackcoin and NXT are called Proof of Stake (PoS) coins.
The price spike in bitcoin last fall has led to an arms race to adopt electricity-gobbling, specialized mining equipment in the pursuit of corporate mining profits. They were not required to maintain Bitcoin prior to their invention. Specialized mining equipment for a second class of coins, which are similar to Litecoin, another PoW coin, is about to start shipping. This will lead to another large surge in unnecessary corporate mining operations and greatly increase the electrical demand in the race for corporate mining profits.
You can read the long report below.to find out more about the issue, and you can visit blackcoin and NXT at the links below to find out more about our coins. If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
Electrical requirement to mine PoW coins:
The Bitcoin, Litecoin, and Dogecoin ledger are maintained by miners who compete against each other to see who can first find the next page for their blockchains. Only the miner that wins the race for each ledger page gets paid in coins.
As a result of this competition and the late 2013 price spike, Bitcoin mining corporate startups are popping up in central Washington State as documented in the first link below to take advantage of the inexpensive, renewable hydro-electricity and in Iceland as documented in the second link below to take advantage of the renewable hydro and geothermal resources. If bitcoin continue to expand, it will unnecessarily eat up more and more of these valuable renewable resources
Link to Washington State Bitcoin mining article
http://www.spokesman.com/stories/2014/ap26/northwests-cheap-power-drawing-bitcoin-miners/
Link to Iceland Bitcoin mining article
http://dealbook.nytimes.com/2013/12/23/morning-agenda-the-bitcoin-mines-of-iceland/?_php=true&_type=blogs&_r=0
The next surge in electricity requirement is about to happen:
The mining hardware manufacturers are about to start shipping specialized mining equipment that can only mine the Litecoin and Dogecoin type of PoW coins as documented in the two links below. This new front in the mining arms race will gobble up much more precious renewable electricity in the competitive pursuit of corporate mining profits than is currently required to update the ledgers of these coins.
http://www.cryptocoinsnews.com/news/innosilicon-a2-terminator-scrypt-asics-first-28nm-chips-litecoin-dogecoin-mining/2014/04/30
https://coinreport.net/zeusminer-pre-orders-scrypt-asic-miners/
http://www.coindesk.com/mining-roundup-multipools-doge-amazon-ec2-11ghs-usb-sticks/
This specialized equipment is prostituting the original bitcoin promise
The tremendously profitable mining of crypto coins that are competitively produced is unnecessarily prostituting the original concept of their inventor, Satoshi Nakamoto. He envisioned bitcoins as being mined on standard personal computers while preforming other useful tasks. Instead, special computer hardware is being manufactured costing upwards to $10,000 apiece which can perform only one task. These individual units are being racked up in warehouses now.
This specialized equipment was not required for Bitcoin prior to its invention and is not required currently for Litecoin and Dogecoin. However, it is coming anyway producing an unnecessary arm race in the pursuit of corporate profits.
These specialized dev ices are energy inefficient in a second ways.
These specialized devices generate so much heat that they require elaborate energy-intensive cooling system for large operation. One of the most elaborate of these cooling systems is documented in the link below for a Hong Cong corporate mining operation that emerges the energy-wasting equipment in boiling goo to keep it cool. Thus, not only does it take electricity to run the equipment for these large operations, but more to keep it all cool.
http://www.theverge.com/2013/12/2/5165428/bitcoin-mine-in-hong-kong-uses-jelly-to-keep-cool
PoS coins are the environmentally friendly alternative.
In contrast, the ledger pages of coins like Blackcoin and NXT are generated by stakeholders who cooperate to perform the task which are being done on standard multitasking computers. Many of these computers would be running anyway as originally envisioned by the inventor of the blockchain.
If you have heard enough and just want to do something quick and simple to support our efforts, visit blackcoin and NXT, click on our subscriber button to show your support, and then watch us take on Bitcoin. While you visit the two subreddits, you can judge for yourself which one you think will succeed.
Hopefully, some respected environmentalist will start campaigns to get merchants that already accept Bitcoin and Litecoin to start accepting the environmentally friendly alternatives.
http://www.reddit.com/blackcoin
http://us.reddit.com/NXT/
submitted by RJSchex to blackcoin [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

submitted by everychairisequal to worldnews [link] [comments]

It's estimated that renewable energy powers around 74 percent of Bitcoin mining operations. If this is accurate, it would mean that blockchain as an industry is more renewables-driven than almost every other large-scale industry in the world.

It's estimated that renewable energy powers around 74 percent of Bitcoin mining operations. If this is accurate, it would mean that blockchain as an industry is more renewables-driven than almost every other large-scale industry in the world. submitted by vegasbooty to Cryptoandme [link] [comments]

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch - The Merkle Hash

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch - The Merkle Hash submitted by Omega_Alfa to u/Omega_Alfa [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by HenryK81 to ethtrader [link] [comments]

At what price does bitcoin mining become not profitable for large mining operations?

submitted by Throwaway8080808080 to BitcoinMining [link] [comments]

12-18 23:03 - 'Large mining operations, with massive hardware rigs running on cheap electricity, have the hashing power to get to the finish line first if left unchallenged. So, this means they get the lion's share.' (cryptodetail.com) by /u/ExpertSpell2 removed from /r/Bitcoin within 179-189min

Large mining operations, with massive hardware rigs running on cheap electricity, have the hashing power to get to the finish line first if left unchallenged. So, this means they get the lion's share.
Go1dfish undelete link
unreddit undelete link
Author: ExpertSpell2
submitted by removalbot to removalbot [link] [comments]

Analysis of Large-Scale Bitcoin Mining Operations

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Large Chinese Bitcoin Mining Operation

Large Chinese Bitcoin Mining Operation submitted by kris33 to cablefail [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by jreddit83 to Bitcoin [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by HenryK81 to CryptoCurrency [link] [comments]

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch submitted by CryptoCoinCache to CryptoCurrencies [link] [comments]

@CBCNews: The large power bill for a bitcoin mining operation in Medicine Hat is a financial boost for city, but critics are concerned about the project's emissions. https://t.co/Sy7m5cVvvK @KyleBakx

@CBCNews: The large power bill for a bitcoin mining operation in Medicine Hat is a financial boost for city, but critics are concerned about the project's emissions. https://t.co/Sy7m5cVvvK @KyleBakx submitted by -en- to newsbotbot [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by gjsteele71 to Crypto_Currency_News [link] [comments]

A large bitcoin mining facility in Thailand went up in flames this week, destroying the five-megawatt operation and disrupting the crypto-currency’s entire network.

A large bitcoin mining facility in Thailand went up in flames this week, destroying the five-megawatt operation and disrupting the crypto-currency’s entire network. submitted by suspiciousmonkey to technology [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by everychairisequal to JoeRogan [link] [comments]

Anyone know about this Nui company out of Colorado? There are pushing a new mining operation called Mintage and claiming its tied to antpool, slush pool and Genesis mining. They are guaranteeing large returns. Bigger than Genesis and it just seems ultra fishy. Any input? /r/Bitcoin

Anyone know about this Nui company out of Colorado? There are pushing a new mining operation called Mintage and claiming its tied to antpool, slush pool and Genesis mining. They are guaranteeing large returns. Bigger than Genesis and it just seems ultra fishy. Any input? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Russia Prepares for Large-Scale Bitcoin Mining Operation Following Minery Launch

submitted by sokeaman to bitcoins [link] [comments]

At what price does bitcoin mining become not profitable for large mining operations? /r/BitcoinMining

At what price does bitcoin mining become not profitable for large mining operations? /BitcoinMining submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

North Korea Commences Large Scale Bitcoin Mining Operation

North Korea Commences Large Scale Bitcoin Mining Operation submitted by AOALikeACat to NorthKoreaNews [link] [comments]

Bitfarms - Largest Mining Operation / Farm in North America Inside a Bitcoin mine that earns $70K a day - YouTube Mining Bitcoins in Iceland Focus on Europe - YouTube Bitcoin Mining- First Payout  EpicReviewGuys CC - YouTube Inside of a HUGE BITCOIN mining FARM ! - YouTube

Operating a Bitcoin mining facility can be profitable, but you need to treat it like a business. I operate a small Bitcoin mining facility, and there is a lot more that goes into it than just plugging in the equipment and letting it run. It’s easy to set up a single Bitcoin mining device and run it. Scaling to something that can make a ... This project is still in phase one as phase two is planned to up the power of the mining operation to 38.5 MW of power. Bitfury is rumored to be tasked with building all of the new facilities required for the expansion of this mega-mine. Once completed, this mine will be the largest Bitcoin mining operation in North America. Information recently surfaced that someone in North Korea has started mining bitcoin in a large scale operation, According to Recorded Future. Analysis of Large-Scale. Bitcoin Mining Operations (or how Bitcoin miners make $845 Million a Year) Introduction of the Modular . 1.2MW Bitcoin Mining Container . For inexpensive, efficient and rapid cluster deployment. This unbelievable mining facility is so large that it employs 50 around the clock employees to monitor the rigs and ensure all is going well. Good luck competing with your Intel I5 against this giant. Giga Watt – Washington. The Washington state-based Giga Watt mining facility is among the largest in North America. This super mine exerts a ridicules 30 MW hashrate and incorporates just over ...

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Bitfarms - Largest Mining Operation / Farm in North America

Bitcoin is skyrocketing right now ! We had a look behind the scenes of bitcoin mining and a bitcoin miner Farm. join the event here: https://www.miningconf.o... Visit our third new bitcoin cash mining facility. Start mining cryptocurrencies from as little as $25 up to $500: ... A look inside America's largest Bitcoin mining operation - Duration: 1:38 ... After two months of Bitcoin mining with our Bitmain Antminer- http://bit.ly/AntMiner we finally get our first payout. But re-doing the math I can see where w... RHY has become the world's most resource-intensive and largest blockchain mine. Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next MINING BITCOIN ... What do you think? is bitcoin really going to cause an end to the Banking Business? It is mentioned that the cost of mining 1 BTC is 4500$ in China. Do you t...

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