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Bitcoin Cloud The Almighty Buck

The Bitcoin Death Star: KnC Plans 10 Megawatt Data Center In Sweden 250

Posted by timothy
from the you'll-heat-up-the-whole-place dept.
1sockchuck writes "Bitcoin hardware vendor KnC Miner has begun construction on a 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."
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The Bitcoin Death Star: KnC Plans 10 Megawatt Data Center In Sweden

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  • by i kan reed (749298) on Thursday February 06, 2014 @12:49PM (#46174989) Homepage Journal

    than whoever planned slashdot beta.

  • by AmiMoJo (196126) * <mojoNO@SPAMworld3.net> on Thursday February 06, 2014 @12:51PM (#46175015) Homepage

    Why not just keep the Bitcoins they mine?

    Why not just keep Slashdot Classic? Fuck beta.

  • by east coast (590680) on Thursday February 06, 2014 @12:51PM (#46175017)
    The Beta will mark an end to some of the most informative and most insightful users from their daily input on Slashdot. Many have voiced disgust but Dice has decided to be tight lipped and head strong in the face of civil disruption.

    If you want a progressive and forward thinking Slashdot you must voice your opinion on the matter now. Dice is moving to what will certainly be a call for exodus.

    Why would Dice buy Slashdot only to destroy it?
    • by Viol8 (599362) on Thursday February 06, 2014 @12:56PM (#46175073)

      Seems to me its a simply case of some web devs justifying their jobs. It doesn't matter if its better or worse - its different and that means they can show some pointy haired managers just how much work they've done and get a pat on the back and potentially prevent their jobs being outsourced to a body shop in Bombangalore for another year or 2.

      • Re: (Score:3, Insightful)

        by TWiTfan (2887093)

        And if people don't like it, and stubbornly keep choosing the classic interface--no problem. Just FORCE it on them!

    • by sinij (911942) on Thursday February 06, 2014 @12:57PM (#46175085) Journal
      I don't understand anyone would think "Beta" is anything other than a disaster, but someone please post where we all going to move to.
      • An excellent question. This could be the foot-in-the-door some motivated young webdevs are looking for. I'm open to new sites that are willing to take on the feel of the Slashdot community without any of the mind numbingly stupid looks of beta.

        I hope these people who are interested in taking up the reigns and perhaps becoming a voice for the science and tech enthusiasts will step forward with URLs and ideas that are being waylaid by Dice.

        This is an opportunity that is looking for a taker. The time is now.
      • someone please post where we all going to move to.

        Check out AltSlashdot [altslashdot.org].

        • by Wookact (2804191)
          It is not up and running yet, and the email address is not working as of 30 minutes ago.
    • by TheNastyInThePasty (2382648) on Thursday February 06, 2014 @12:58PM (#46175101)

      Slashdot is officially being actively destroyed because it doesn't make enough advertising revenue anymore [twst.com]

      From the report:

      Slashdot Media was acquired to provide content and services that are important to technology professionals in their everyday work lives and to leverage that reach into the global technology community benefiting user engagement on the Dice.com site. The expected benefits have started to be realized at Dice.com. However, advertising revenue has declined over the past year and there is no improvement expected in the future financial performance of Slashdot Media's underlying advertising business. Therefore, $7.2 million of intangible assets and $6.3 million of goodwill related to Slashdot Media were reduced to zero.

      • Try to pick advertisers who make products people reading Slashdot actually care about for a change.

        • by Ngarrang (1023425)

          Are you proposing that tampon ads inappropriate? The Ladies of Slashdot might find themselves wanting a new brand, you insensitive clod.

      • by JWW (79176) on Thursday February 06, 2014 @01:14PM (#46175287)

        You know, I wouldn't fuss if they removed the disable ads checkbox in my classic mode. I'd live with it.

        But the beta site is garbage.

        • The disable ads checkbox doesn't cost nearly so much money as the horde of site visitors running adblock... which given that many of us are technically inclined, is most of us.

          • by bmxeroh (1694004)
            What if we offered Dice to click the ads for them if we get to keep classic? I'd be ok turning off adblock once a week and clicking through a couple of ads for a few minutes.
        • I left the ads on to help support ./, even though I can turn it off.

        • by AmiMoJo (196126) *

          Unfortunately it will never be enough. They want to make a lot of money, to become the new Gawker or whatever shit it is they are trying to clone. Just having a good, solid site isn't enough.

        • by Yebyen (59663)

          Hold on a second, you still have the disable ads checkbox?

          My karma is still 'Excellent' but I don't have the checkbox anymore. What am I doing wrong?

      • by TWiTfan (2887093)

        If Dice would stop chasing off users with one stupid fucking move after another, maybe more advertisers would come. Slashdot used to have a userbase where 1,000+ comments on a story was pretty common, and even big sites could be "Slashdotted." When's the last time you saw THAT?

        Here's a hint, it was before Taco sold to Dice.

        • and even big sites could be "Slashdotted." When's the last time you saw THAT?

          Here's a hint, it was before Taco sold to Dice.

          To be fair, the state of site hosting has changed a lot in the past few years. Even the reddit front page, which drives a ton more traffic than this site ever did, very rarely brings down a site anymore.

      • by 2phar (137027)
        Thanks for re-posting. Funny how when I posted it gradually reaching +5 Informative over an hour, and then suddenly went to 0 Offtopic.
      • by aaarrrgggh (9205)

        So, can we have a user's buyout of /. then? I'll pledge $20 for first year operating costs.

    • by JWW (79176) on Thursday February 06, 2014 @01:08PM (#46175227)

      I have been reading/commenting at /. since 1998.

      I have a 5 digit userid (of course the beta won't display that anymore).

      I'm gone if the beta is forced on me.

      • by wakaranai (87059)

        Ditto

      • by Ralph Wiggam (22354) on Thursday February 06, 2014 @01:31PM (#46175495) Homepage

        Beta is taking away my OG userid? This aggression will not stand, man.

      • by Valdrax (32670)

        I have a 5 digit userid (of course the beta won't display that anymore).

        I didn't even notice that. Geez, it's like they really are just trying to kick all the old users in the teeth with this design.

        • by Yebyen (59663) on Thursday February 06, 2014 @02:10PM (#46175949) Homepage

          Try using it for a while. You can't link directly to comments, you can't click a username to visit somebody's profile, it seems to delete whole posts (for me at least) whenever that person tries to thoroughly exercise Unicode, instead of just deleting the Unicode characters like Classic. It has really got nothing at all positive over Slashdot Classic in my opinion. It should be clear what the users want, since every single article is crapflooded with comments about "FUCK BETA" and they are actually getting modded up.

    • by TWiTfan (2887093) on Thursday February 06, 2014 @01:13PM (#46175281)

      One of the biggest annoyances I found in the beta is the way it handles comments in the User section. Right now, in classic, I can do a quick check of all my posts and see all the replies and mods to said posts in one nice table. In the beta, I can only see them one comment at a time (and have to click on each one to see if there were any replies or mods). Not to sound like a narcissist, but I do like to keep track of replies to my posts. And the shitty beta makes it almost impossible to do that.

      But on the upside, I get to see all my Slashdot "Trophies" on the left!! Woo hoo!!

      Seriously, trophies???? Wtf??

    • by dciman (106457)

      While my user ID isn't terribly low. I would stop reading and contributing to /. if the "beta" goes through. It's terrible.

    • by TWiTfan (2887093)

      It's a real shame. In it's heyday, Slashdot was a pretty fucking amazing place to be.

  • by denzacar (181829) on Thursday February 06, 2014 @12:54PM (#46175047) Journal

    Don't be too proud of this technological terror you've constructed. The ability to mine Bitcoin is insignificant next to the power of the Fuck Beta.

  • by aardvarkjoe (156801) on Thursday February 06, 2014 @12:55PM (#46175055)

    If the "new site" had been designed by competent programmers, then it would have been a trivial matter to swap between the "new" and "old" interfaces. Apparently it is not. They must have hired the contractors that couldn't get a job working on healthcare.gov.

    Continue to turn the comments threads into a trash heap to drive people away. And don't forget to turn on your ad blocker. Do what you can to get their attention until they publicly acknowledge that this is a mistake -- because they're not going to pay attention otherwise.

  • Boycott (Score:5, Informative)

    by Anonymous Coward on Thursday February 06, 2014 @12:55PM (#46175061)

    Please post this to new articles if it hasn't been posted yet.

    On February 5, 2014, Slashdot announced through a javascript popup that they are starting to "move in to" the new Slashdot Beta design.

    Slashdot Beta is a trend-following attempt to give Slashdot a fresh look, an approach that has led to less space for text and an abandonment of the traditional Slashdot look. Much worse than that, Slashdot Beta fundamentally breaks the classic Slashdot discussion and moderation system.

    If you haven't seen Slashdot Beta already, open this [slashdot.org] in a new tab. After seeing that, click here [slashdot.org] to return to classic Slashdot.

    We should boycott stories and only discuss the abomination that is Slashdot Beta until Dice abandons the project.
    We should boycott slashdot entirely during the week of Feb 10 to Feb 17 as part of the wider slashcott [slashdot.org]

    Moderators - only spend mod points on comments that discuss Beta
    Commentors - only discuss Beta http://slashdot.org/recent [slashdot.org] - Vote up the Fuck Beta stories

    Keep this up for a few days and we may finally get the PHBs attention.

    Discussion of Beta: http://slashdot.org/firehose.pl?op=view&id=56395415 [slashdot.org]
    Discussion of where to go if Beta goes live: http://slashdot.org/firehose.pl?op=view&type=submission&id=3321441 [slashdot.org]
    Alternative Slashdot: altslashdot.org [altslashdot.org] (thanks Okian Warrior (537106))

    • by mrvan (973822)

      Slashdot Beta fundamentally breaks the classic Slashdot discussion and moderation system

      Warning: stupid question ahead!

      Okay I've seen beta and browsed for about 5 minutes. I seems to me like a fairly trivial redesign from something that is ugly (but feels like home) to something that is just plain ugly. Below the articles are the familiar comments with mod points in a tree structure that most of the time doesn't make a lot of sense, and a way to filter on comment quality (moderation). I don't see how this is so difficult from the current system, so I probably missed something somewhere.

    • I will be joining in the Slashcott from Feb 10-Feb 17. This is ridiculous.

  • I am Slashdot (Score:5, Informative)

    by OzPeter (195038) on Thursday February 06, 2014 @12:57PM (#46175087)

    I submit stories. I read stories. I add comments. I moderate comments. I am the reason that there is ad revenue.

    I am Slashdot.

    • by dmbasso (1052166) on Thursday February 06, 2014 @01:16PM (#46175315)

      I submit stories. I read stories. I add comments. I moderate comments. I am the reason that there is ad revenue. I am uglier than an ass-hole stabbing. I went full retard, and never recovered.

      I am Slashdot beta.

      FTFY. :)

      • by OzPeter (195038) on Thursday February 06, 2014 @02:01PM (#46175843)

        I submit stories. I read stories. I add comments. I moderate comments. I am the reason that there is ad revenue. I am uglier than an ass-hole stabbing. I went full retard, and never recovered.

        I am Slashdot beta.

        FTFY. :)

        OMG I have a stalker!

        • by dmbasso (1052166)

          Nah, sorry to bring you down, but you're not worth stalking. But you've been posting the same thing in the last 3 stories, and every time I read can't help but make the association "you're slashdot" -> "you're this monster being imposed on us". Nothing personal though.

          Btw, "I am [X]" is too cliché for my taste.

    • I'm Slashdot!

    • I was slashdot. Homepage for 15+ years. But if this beta shit goes through, no longer. I suggest we register http://colonslash.org/ [colonslash.org] and start over. Maybe I can get a lower UID this time!

  • I would be interested in reading the summary buuuuuuuuut... Fuck you Beta. Hard. With fiberglass insulation for lube.
  • What are the ways this community can keep alive the classic Slashdot...if not today, tomorrow some sort of 'improvement' will be forced up on the site and it will be too late.
    What about a new website following open source ideals? Or what about a fund to buy Slashdot from Dice? Or bribe the managers and PHBs so that they keep the classic version alive?
    There should be a way out.
  • My First post (Score:5, Informative)

    by cageybee (704704) on Thursday February 06, 2014 @01:12PM (#46175265)
    I've been a lurker for a long time, probably a couple of years before registering for an account, and have never posted a thing (I have moderated over the years) I'm going to break that tradition now for: Beta is awful, please please keep access to Classic. I cannot read Beta on any device other than my home PC. If I can't read your site, I will not be coming back. Please do not completely break Slashdot
    • by David_W (35680)

      I hate OT posting, but I'm going to do it anyway this time... I'm sorta with you there, in that I just added a signature to my account for the first time ever, just to decry the state of Beta. I'm disappointed that none of the complaints we've registered over the last few months have been addressed at all.

      Here's what's still wrong with Beta that particularly vexes me:
      - Contrast is awful. Too much gray everywhere.
      - Sidebar takes up way too much space, particularly when it is carried through in the comme

    • Re: (Score:3, Interesting)

      by Nightbrood (6060)

      Like you, I signed up for my account and then was happy to lurk for years... After this beta stuff popped up I decided I should voice my opinion. If Beta is the direction they intend to go then I do not intend to follow.

      As another poster has stated, we submit the news, we comment on the news, we moderate the comments. We are the community and we are the product that DICE has been selling to advertisers. DICE should pay attention because without the community they do not have a product. At this point, they c

  • In that it continues showing off the problems of the beta site. Thanks for the reminder! DOWN WITH THE BETA.
  • by knarf (34928) on Thursday February 06, 2014 @01:20PM (#46175359) Homepage

    I've seen many calls for a boycott, and such a thing might be in order to get the powers that be to understand that the future of /. is rather bleak without actively participating users.

    One thing is missing from these boycott calls: a means of communication before, during and after the proposed boycott. Without such a means of communication nobody will know whether the boycott is successful or not. At the most they'll head for /. - thereby negating the effect of the proposed boycott - to see whether it is as empty as intended.

    If anyone has a suggestion for a good place to discuss and connect during the boycott, please speak up. Understand that many /.-ers are wary of all the social boondoggery which infests the web so don't come with suggestions like 'facebook' or 'twitter'. A newsgroup would work, as would another discussion forum. That newsgroup should have a web interface, preferably one which does not require you to login using a Google/Yahoo/Microsoft/Facebook/Twitter/other-big-data-vacuum account.

    Any suggestions?

  • by gnasher719 (869701) on Thursday February 06, 2014 @01:37PM (#46175561)
    This is really totally stupid. So they are wasting 10,000 kilowatt of electrical power on some artificial "currency".
    • Re: (Score:2, Insightful)

      by KermodeBear (738243)

      What about the currency is artificial? It is no more artificial than the US Dollar. One is just generated using an algorithm while the other is generated by updating a row in some bank's database or by literal printing of dollars.

      Neither has an intrinsic value. The numbers in your bank account right now have no intrinsic value. They only have value because people will accept your numbers in exchange for their goods and services. Things like BitCoin are no different. It has value not because it has an inhere

  • ... of those bitcoins will it cost to fuck beta?
  • I don't understand the business model of renting hashing out to people. Either its profitable so you effectively lose money by renting it out, or its not profitable so noone in their right minds would rent it off you!

    • by mark_reh (2015546)

      When people offer money for something, someone somewhere will figure out a way to deliver what they want. The guys who are building the data center are smart and are doing so with real money. They need a return in real money, not play money (bitcoin). I'll bet all my bitcoins that they don't accept bitcoin as payment. Like the guy said in Scarface, "never get high on your own supply". They are selling to people who fantasize about getting rich on bitcoins. There are plenty of such people around, many

  • by raynet (51803) on Thursday February 06, 2014 @03:42PM (#46177071) Homepage

    This one puzzles me somewhat. If one can make money by mining with ASIC rigs, why would anyone sell or rent them, wouldn't they make more money by mining? If they make more money by selling or renting, then wouldn't that mean that mining is silly?

  • by Kris_J (10111) * on Friday February 07, 2014 @03:27AM (#46183593) Journal
    Anyone throwing a huge amount of money at ASIC mining doesn't know where the profitability is in cryptocurrency. The place to earn your money is in the first few weeks of any new coin, even more so if they offer a hashing algorithm that is resistant to ASICs or GPUs. It's savvy technicians getting pools up for the launch of new coins that should be doing well, not bloated companies who mindlessly throw more SHA-256 hash at bitcoin.

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