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Bitcoin Cloud The Almighty Buck

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

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 ) * <mojo@world3.nBLUEet minus berry> on Thursday February 06, 2014 @12:51PM (#46175015) Homepage Journal

    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?
  • Re:Pfft (Score:5, Insightful)

    by cheesybagel ( 670288 ) on Thursday February 06, 2014 @01:02PM (#46175151)

    If money is the tool of the Devil then Bitcoin is even worse. Exponentially wasting electricity and semiconducts to generate a unique numeric key. Great!

  • Re:Pfft (Score:1, Insightful)

    by fredprado ( 2569351 ) on Thursday February 06, 2014 @01:06PM (#46175193)
    That describes practically every data transaction we do involving money in this world, and it is still much better than printing paper and transferring it by truck, train or plane between one place and the other.
  • 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 TWiTfan ( 2887093 ) on Thursday February 06, 2014 @01:15PM (#46175309)

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

  • 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?

  • Re:Pfft (Score:5, Insightful)

    by ShanghaiBill ( 739463 ) on Thursday February 06, 2014 @01:30PM (#46175475)

    Exponentially wasting electricity and semiconducts to generate a unique numeric key.

    It is far better than the damage done by gold mining, which can result in erosion and mercury contamination. But even the environmental damage done by gold mining is better than Slashdot Beta.

  • 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 niado ( 1650369 ) on Thursday February 06, 2014 @01:34PM (#46175527)
    Just like in a physical gold-rush - sometimes it is better to just sell shovels.
  • by TWiTfan ( 2887093 ) on Thursday February 06, 2014 @01:36PM (#46175559)

    Actually, IIRC, when Dice bought Slashdot, that's pretty much exactly what they said. They gave the usual, BS "We promise we won't change anything guys," spill. Of course, 5 minutes after saying that, they started fucking with stuff. Some of the most embarrassing were those paid sponsor videos they started trying to pass off as regular submissions. You would think that they would have known better than to try to bullshit such an intelligent userbase with some retard-obvious shit like that.

  • by KermodeBear ( 738243 ) on Thursday February 06, 2014 @01:48PM (#46175689) Homepage

    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 inherent value, but because someone is willing to offer you other things for it.

  • 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?

Our business in life is not to succeed but to continue to fail in high spirits. -- Robert Louis Stevenson