jm + mining + currency   2

Inside a Chinese Bitcoin Mine
The mining operation resides on an old, repurposed factory floor, and contains 2500 machines hashing away at 230 Gh/s, each. (That’s 230 billion calculations per second, per unit). [...] The operators told me that the power bill of this specific operation is in excess of ¥400,000 per month [..] about $60,000 USD.
currency  china  economics  bitcoin  power  environment  green  mining  datacenters 
august 2014 by jm
Digging for cryptocurrency: The newbie’s guide to mining altcoins
Mining Arscoins, dogecoins and litecoins -- CPU/GPU mining apps and how to run 'em
currency  bitcoin  altcoins  dogecoin  crypto  mining  ars-technica 
march 2014 by jm

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