Re:It looks like Intel is developing Bitcoin mining chips
by mrb on Wednesday May 13, 2015 @02:34PM
(#9541023)
"it's impossible to profitably mine bitcoins without screwing someone else in the process"
That is not true. Most mining is done professionally in data centers these days, by companies that all pay for their own electricity without screwing anyone:
And so on. They certainly seem to be making a profit; it is much easier to do so nowadays (~5% monthly increases of the difficulty level) compared to last year (30-40% monthly increases).
That is not true. Most mining is done professionally in data centers these days, by companies that all pay for their own electricity without screwing anyone:
This is KnC's facility: http://www.datacenterknowledge.com/archives/2014/07/10/massi...
This is MegaBigPower: http://www.kplu.org/post/central-wash-home-nations-biggest-b...
21 Inc has a 26 megawatt facility: http://www.coindesk.com/21-intel-bitcoin-mining-strategy/
And so on. They certainly seem to be making a profit; it is much easier to do so nowadays (~5% monthly increases of the difficulty level) compared to last year (30-40% monthly increases).