4 ms·
Envion said it would use the money collected from investors to build mobile rigs, filled with computers designed to “mine” or digitally create new Bitcoin. The
by adwhit 8y ago
Envion said it would use the money collected from investors to build mobile rigs, filled with computers designed to “mine” or digitally create new Bitcoin. The rigs could be moved between sources of renewable electricity, which would power the mining computers
Good project?? Sounds absolutely pie-in-the-sky. Another ridiculous idea that raised an insane amount of money from extremely naive investors. In other words, just another ICO.
- Maybestring 8y agoIt would be a great idea, had only cryptocurrency been invented before powerlines.
- EnFinlay 8y agoPowerlines are far from lossless, so there is still an advantage to being close to the power source. https://en.wikipedia.org/wiki/Electric_power_transmission#Losses https://en.wikipedia.org/wiki/Electric_power_transmission#Lo...
- Maybestring 8y agoHauling trailers around isn't lossless either.
- tgtweak 8y agoIt was extremely naive, they had a budget of $1000 for delivery and connection. The first container shots were empty, and the dashboard showing earnings was mock data. Anywhere these are outside in the winter they will ingest snow with those fans. Lots of red flags everywhere and yet still extremely successful.