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In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China.
This is the infrastructure that keeps the digital currency’s decentralized network up and running, and its operators are profiting big time.
The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.
Read more on Motherboard - http://bit.ly/Chinese-Bitcoin-Mine
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One of my greatest fears today is what cryptocurrency is doing to this generation of business people. When ever i go online to read the news on cryptocurrency (i follow some in particular), i notice a lot of jargons being said and to crown it all, the news always ends with the acronym 'Hold On For Dear Life' which in my own opinion isn't a bad idea but holding on its own as done with stocks has its guiding principles which of course, nobody follows with crypto. People are not willing to find mentors, or learn the hard way but somehow believe buying and accumulating an asset as unstable, unpredictable and speculative as bitcoin will someday make them millionaires. One that particularly drives me nuts is a particular Wilson going about all channels and flooding them with 20,000 xrp will be life changing in 5 years. The truth is that holding onto 20,000 xrp or 50 btc in 5 years time may altogether wreck you emotionally because nobody can boast and say what the future holds for cryptocurrencies. What you should do is make use of an opportunity that presents itself while still in its useful state. Trading with the right combo of expertise, tools and advice is what will change your life not in 5 years time but perhaps in 5 weeks time if you know just what to do. Today, bitcoin is struggling with shifting supports and resistance in and around the $4,000 region and this is currently bitcoin at its most predictable state and position to realize great profit in trading. This is quite risky for newbies and intermediates so i would recommend an expert like Mr Mark Hall whose signals and trade strategies today are some of the greatest and most accurate in the crypto space. All you need to do is find such a person and seek his opinion and guidance on how you can get good and consistent profit trading bitcoins and you would ultimately see reasons in your results why hodling is such a risky move to make. *You can mail Mr Mark Hall on [email protected]*
Not bad even in a 2019 down BTC market, 25 BTC per day is around $87,000 which pays the monthly electric bill ($80K) in a single day. Even If only half the month (15 days is profit) that's still $1.3 million per month from one of the six locations, $7.8 million a month total, $94 million a year total.
You can make as much as 10% of your daily investment...For example; An investment of $1000 or $5000 will make a monthly net profit of $3000 and $20,000 respectively. The more you invest the more your profit income. 100% tested and verified?cantact [email protected]
+Eric Terry We had the same experience but i didn't give up because i know winners don't quite. All you needed to do now is contact robert walker. He's one of the best and most reliable bitcoin trader i have ever known.
You're absolutely right, i was also affected when i started bitcoin trading new. I thought bitcoin is something i could master in a month but i loss a lot of money trading on bitcoin. Live is difficult, making money on the internet is very hard. I gave up on bitcoin.
I tried to use make-believe money Bitcoin to get a hooker to give me a blowjob. She agreed and gave me a make-believe blowjob. Her tip was very generous, I gave her three magic beans worth one thousand dollars each.
Bitcoin is currently at $3,200. They mine 20 -25 a day. That is barely paying their $80,000 electricity bill. My bet it that this Project has closed shop already or is shutting down as i post this. Don't do cryptocurrencies, kids. It's a bad idea.
i still can believe that there are still trustworthy and reliable persons out there ....As a single mother with 4 kids, I started trading with Robert walker in 2017, my children are in the best schools and I have gotten my personal home .. all from the profit made from transacting with Robert walker. he is a wounder full trader, contact him at [email protected]?
The last 2 months, I have made over $60,000 from Bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought *2Btc last year which quickly rose in the bull run but eventually lost most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Mark Hall first of, he asked to know my trade experience. He then gave me a quick insight on what to look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system, trading has become easy and profitable and I just want to spread the word and thereby help as many that are in my previous unfortunate situation. For all questions, you can reach by **Mail ([email protected] com)
I dont think this would be profitable for me now but if the tools were available, I would think that storing the servers in one of those frezzing rooms where meat its Hanging can be better than using Fans.
In making money off crypto, there are some popular notions some of which are correct and some, highly erroneous most especially the strategy of hodling. Holding your coins in itself may not be a bad idea but the emotions behind it lately is wrong and extremely dangerous because cryptocurrencies at this stage is highly speculative, unpredictable and generally a very new concept so as a smart investor, you have to find a way to gain on your coins by day trading and making the best off it. In day trading, you a betting an asset against the other in a pair and your prediction makes profit or loses. Predictions in financial trading are not guesses in the actual sense but intelligent, researched and well back up statement of the future action. With the right set of strategy, signals and experience, you can make predictions of as high as 98% accuracy. This is not as difficult as it seems if you understand the market very well, not being emotional and know the perfect entry point and exit point. People. There are far more experienced people who can guide you so you dont lose your funds but my strongest advice is never to trade using a Robot and also not to allow an account manager trade for you. The reason is simple and it is security. You dont want to lose your coins to a bad Bot or fraudulent Account Manager. You can easily know the ropes around crypto trading by following the signals and strategies of an expert trader because with his indications to buy and sell, and you placing your trades, you will get a better and quick understanding of the markets. Someone i would highly recommend for you especially beginners is Mr Sebastain Field. There is so much you will learn from him as you work with him. He has raised a lot from beginner to expert traders with hundreds of thousand of dollars in profit to show for it. His contact details is ( *( sebastainfield @ gmail com )* )
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So this guy's driving a Mercedes on his way to show us his mining site, but his "relatively high paid" employees, sleep in a shit hole while they are at work. I bet their "relatively high" salary isn't that high, once you start digging into it.
It's a shame all the number crunching and problem solving done by miners couldn't be put to a better use, mapping DNA or something instead of doing random problems. I know that's not how it works, but it would be cool if it could be a happy side effect somehow.
what to become filthy rich mining bitcoins? come to Venezuela, here we dont even pay electricity, its fucking free and everything is cheap as fuck so you'll be saving like 40% of the money you make, now that's ALOT
Grubby bastards, no class just dirty money launderers treating staff like slaves, the obvious dark side of Cryptocurrencies.
Now add in mafia, yakuza and other gangs and we have a filthy, greedy world coming down the track faster than ever before
Here is a summery to show you the scale of how much money they are currently making: If that mine was stilling generating 4050 bitcoins a month today, They would have been making $340,200,000,00 every year (before expenses). 4050 x $7000 x 12 Think about how much they would have been making at bitcoins peak price ($19,783,00). And imagine that they have SIX of these mining rigs! (Which he states at: 02:09) 4050 x 6=24300. 24300 x $7000 x 12 = $2,041,200,000,00 every year.
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