quote: Really interesting article I saw about how bitcoins could easily be a world currency. Cool stuff.
The article you read was probably fake news based on a real article in the Wall Street Journal last week about how the big investment banks are moving to the same technology used by bitcoin to track and secure transactions.
deeprig9 Georgia Fan Athens Member since Sep 2012 18795 posts Online
re: Anyone here browse the deep web?Posted by deeprig9 on 1/10/17 at 5:55 pm to deeprig9
Two years ago I toured a data center near Douglasville GA (not google) that had about 3000 sq feet of 9' racks of bitcoin data mining servers that did nothing but mine the deep web for bitcoins. The hardware itself was in the millions for purchase price, and with each individual rack putting out the equivalent of 200 hair dryers of heat, it was easily $100k a month in electricity to power them.
All of the server hardware had been stripped of any vendor ID so you couldn't tell if it was dell, hp, ibm, etc. It was like they all had madmax faceplates.
That's when I realized there must be something to this bitcoin thing.
You don't spend $10,mil on hardware, all the expertise and labor and code monkeys to set it all up, and $100k a month in electricity if there isn't something there. Or, maybe you do. But it piqued my interest.