When Bitcoin Mining Gets REALLY serious :)

Discussion in 'Frontpage news' started by Hilbert Hagedoorn, Jun 23, 2017.

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  1. Hilbert Hagedoorn

    Hilbert Hagedoorn Don Vito Corleone Staff Member

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    So a couple of photos just flew by from a company calledÂ*Rambox Technology. No clue as who they are or what they do, but they are based in Hong Kong and apparently are a bit serious about cryptocurre...

    When Bitcoin Mining Gets REALLY serious :)
     
    Hilbert Hagedoorn, Jun 23, 2017
    #1
  2. redrumy3

    redrumy3 Master Guru

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    Hmm I wonder how much is the electric bill lol.
     
    redrumy3, Jun 23, 2017
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  3. TheGrey

    TheGrey Guest

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    16x 6-card rigs, assuming 1070s since AMD gpus are getting shafted by the DAG epochs at around 110w would put it at 10.5 kW. Price of electricity in the US is around 0.121 $/kWh, which would put monthly bill at 914$ a month. That said, they would make 450$ a day today.

    In a month, that is a different story, since with etherum, you would RoI in about 7 months, but it won't be minable by then. ZCash with current difficulty change would be unprofitable in about 6 months without RoI, and after all the insane amount of hashrate from etherum moves to other altcoins, like zencash or ETC or whatever else, the difficulty spike will only keep solars very slightly profitable.
     
    TheGrey, Jun 23, 2017
    #3
  4. Ricepudding

    Ricepudding Master Guru

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    Well this explains where all the graphics cards went :D
     
    Ricepudding, Jun 23, 2017
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  5. tunaphish6

    tunaphish6 Member Guru

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    "Endless fields, Neo....."
     
    tunaphish6, Jun 23, 2017
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  6. Elfa-X

    Elfa-X Member Guru

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    Hashtag this is why video cards cost so much right now.
     
    Elfa-X, Jun 23, 2017
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  7. Lane

    Lane Guest

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    I guess this one should belong here too ( Thanks babel 17 from Beyond3D)
    https://www.facebook.com/tech4gamers/videos/915414541933067/

    12000 GPU's... now that is what i call serious.
     
    Last edited: Jun 23, 2017
    Lane, Jun 23, 2017
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  8. Silva

    Silva Ancient Guru

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    I'm dying to see the bubble burst and the second hand market flood with dirt cheap GPU's.
    It's unfair, actually needing a GPU and having none because people buy them in the dozens for sitting there, mining...
     
    Silva, Jun 23, 2017
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  9. chronek

    chronek Guest

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    chronek, Jun 23, 2017
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  10. WhiteLightning

    WhiteLightning Don Illuminati Staff Member

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    If only it could run Crysis
     
    WhiteLightning, Jun 23, 2017
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  11. k3vst3r

    k3vst3r Ancient Guru

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    That's mere drop in the ocean. Guy in Iceland has 2 very large warehouses with thousands of racks of GPU's. 10,000+ GPU's....1 million euros electric bill a month.

    halfway through short video shows you the guy https://youtu.be/SJgWqbZBn6I
     
    k3vst3r, Jun 23, 2017
    #11
  12. airbud7

    airbud7 Guest

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    Wow, Just Wow!
     
    airbud7, Jun 23, 2017
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  13. airbud7

    airbud7 Guest

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    Cool video Bro^
     
    airbud7, Jun 23, 2017
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  14. Prince Valiant

    Prince Valiant Master Guru

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    Today on Animal Planet, the GPUgobbler in its native environment.


    Does this stuff even get used for anything useful (like F@H) or is it all pointless speculation?
     
    Prince Valiant, Jun 23, 2017
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  15. vbetts

    vbetts Don Vincenzo Staff Member

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    THIS IS WHY WE CAN'T HAVE NICE THINGS!

    Mining makes me angry if you can't tell.
     
    vbetts, Jun 23, 2017
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  16. D3M1G0D

    D3M1G0D Guest

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    It's still possible to get a RX 580 for a reasonable price. Set auto-notify on Newegg for a product, and when you get the email then immediately click on the link and put it in your cart. There should only be a 15 minute window so you need to be quick, but it can be done.
     
    D3M1G0D, Jun 23, 2017
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  17. ivymike10mt

    ivymike10mt Guest

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    Now I know why GTX 1080Ti price in poland, jump-up from 800$ to 1000 USD.

    Month ago it was alot GPU's in stores here.
    Now shops getting empty.
     
    Last edited: Jun 23, 2017
    ivymike10mt, Jun 23, 2017
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  18. zer0_c0ol

    zer0_c0ol Ancient Guru

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    12 thousand amd cards hard @ mining
     
    zer0_c0ol, Jun 23, 2017
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  19. CK the Greek

    CK the Greek Maha Guru

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    You do realize that all this..will eventually bring only bad things to everyone...do you?
     
    CK the Greek, Jun 23, 2017
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  20. airbud7

    airbud7 Guest

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    Nope

    [​IMG]

    Lol
     
    airbud7, Jun 23, 2017
    #20
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