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The city of Denton TX recently signed a huge deal to allow a mining company (Core Scientific) to set up a large GPU mining facility directly next to their power
by frakt0x90 4y ago
The city of Denton TX recently signed a huge deal to allow a mining company (Core Scientific) to set up a large GPU mining facility directly next to their powerplant to make up for lost revenues during the winter storms. I'm wondering what's going to happen there. It seems like they mostly mine BTC but this can't help their bottom line.
- moomin 4y agoI don’t think you can mine BTC with GPUs? Might be unaffected.
- ThrowawayTestr 4y agoYou sure it's GPU mining? Their website only mentions ASIC mining.
- deleted 4y ago[deleted]
- fluidcruft 4y agoI don't think GPU mining of bitcoin has been profitable for quite some time. ASICs obliterated GPUs in $/hash.
- latchkey 4y agoIt'll be BTC mining and if they do anything with GPUs it'll be for other workloads than mining (likely rendering/ai/ml), which is a very competitive market and not much money there either.
- banana_giraffe 4y agoCore Scientific is mining Bitcoin (they mention how many Bitcoin in their filing where they update on the status of the Denton location [1] ). No doubt all of their work is done on ASICs, not GPUs. 1 https://www.sec.gov/Archives/edgar/data/1839341/000119312522067245/d279212dex991.htm https://www.sec.gov/Archives/edgar/data/1839341/000119312522...