The Bitcoin Death Star: KnC planning/building 10 MW Datacenter in Sweden

[Vitalius]

Post at /.

 

 

1sockchuck writes

 

"Bitcoin hardware vendor KnC Miner has begun construction on 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."

Holy crap. Dats a lot of hash rate. 

... Hmm. I don't see the value in paying to mine currency. I mean, why don't they just keep the coins they mine? Really? 

I understand it's a more constant stream of cash, having people pay you to mine for them. But still. It just doesn't seem logical. 

Note: If you go to slashdot and it looks weird, make sure you aren't at beta.slashdot.org. They are trying out a new format. It's terrible.

[Ryan Leech]

They are going to need their own power plant

[Mitrailleuse]

They are going to need their own power plant

Or an infinity stone like a tesseract

[_ASSASSIN_]

Post at /.

 

Holy crap. Dats a lot of hash rate. 

... Hmm. I don't see the value in paying to mine currency. I mean, why don't they just keep the coins they mine? Really? 

I understand it's a more constant stream of cash, having people pay you to mine for them. But still. It just doesn't seem logical. 

it makes complete sense, you aren't using a currency that is unstable and unreliable as to people valuing it's worth, they get to stick with a REAL currency they can use for whatever

[Erik4boss]

Good. Sweden needs more electrical companies.

[xXxYOLOxSWAGxXx_420BlazeIt]

They are going to need their own power plant

Or an infinity stone like a tesseract

Most (all decently sized) datacenters have their own substations.

[Mitrailleuse]

Most (all decently sized) datacenters have their own substations.

I prefer to have the tesseract

[BernardoSLR]

Why? ...

[carolkarine]

Post at /.

Holy crap. Dats a lot of hash rate.

... Hmm. I don't see the value in paying to mine currency. I mean, why don't they just keep the coins they mine? Really?

I understand it's a more constant stream of cash, having people pay you to mine for them. But still. It just doesn't seem logical.

Note: If you go to slashdot and it looks weird, make sure you aren't at beta.slashdot.org. They are trying out a new format. It's terrible.

The thing is, it's for people whose asic miners were delayed. That way they aren't missing out on the hashing power they would have had.

[KakaoDj]

Does not say anything about hash rate, just effect...