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Very misleading title. It's grossing $1.5M per month. You still need to subtract operating costs, which will be substantial in a bitcoin mine. I'm sure power/la

Very misleading title. It's grossing $1.5M per month. You still need to subtract operating costs, which will be substantial in a bitcoin mine. I'm sure power/land/cooling/etc is cheaper in rural China than many other places in the world, but there's no way it's free.

wgx 12y ago
$80,000 per month electricity bill is mentioned in the video. Sheesh.
- ShannonSofield 12y ago
  $80K per site. They are running six sites = $480K
Cthulhu_ 12y ago
Not to mention they should've just mentioned 4000 BTC/month, instead of matching it with an USD price. Bitcoin is a currency, its USD value is highly volatile.
- BillinghamJ 12y ago
  But also that changes as the difficulty factor increases.
downandout 12y ago
Let's not forget the likely multi-million dollar hardware investment as well. They have 3,000 ASIC miners (although investing in mining equipment that can be used for mining multiple currencies is far better imo than simply buying Bitcoins).
unreal37 12y ago
It's what they were making per month in October 2014. How is that misleading? Their costs don't appear to be that substantial if you watch the video.
sctb 12y ago
Thanks, we updated the title to be less misleading. The article states, "... generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million".
giarc 12y ago
It's not really misleading since they say "grossing" 1.5M per month.
- andrewchambers 12y ago
  They changed the title, it used to say "making".
  - aptwebapps 12y ago
    I propose a convention of quoting the existing title when complaining about it so that later readers know what you are talking about. Maybe a similar one for complaints about the other comments, too, although that's harder. Need snapshots, really.
    - lmm 12y ago
      What we need is a moderator action log like that on lobste.rs, or even a simple (edited) indicator on article titles. At the moment the titles magically change under our feet with no visibility, and everyone gets confused.
      - giarc 12y ago
        I agree with you. Even a simple asterisk like reddit has with edited comments would at least indicate that it's been changed. Perhaps a hover over the title shows the last known title?

wgx 12y ago

$80,000 per month electricity bill is mentioned in the video. Sheesh.

ShannonSofield 12y ago
$80K per site. They are running six sites = $480K

Cthulhu_ 12y ago

Not to mention they should've just mentioned 4000 BTC/month, instead of matching it with an USD price. Bitcoin is a currency, its USD value is highly volatile.

BillinghamJ 12y ago
But also that changes as the difficulty factor increases.

downandout 12y ago

Let's not forget the likely multi-million dollar hardware investment as well. They have 3,000 ASIC miners (although investing in mining equipment that can be used for mining multiple currencies is far better imo than simply buying Bitcoins).

unreal37 12y ago

It's what they were making per month in October 2014. How is that misleading? Their costs don't appear to be that substantial if you watch the video.

sctb 12y ago

Thanks, we updated the title to be less misleading. The article states, "... generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million".

giarc 12y ago

It's not really misleading since they say "grossing" 1.5M per month.

andrewchambers 12y ago
They changed the title, it used to say "making".
- aptwebapps 12y ago
  I propose a convention of quoting the existing title when complaining about it so that later readers know what you are talking about. Maybe a similar one for complaints about the other comments, too, although that's harder. Need snapshots, really.
  - lmm 12y ago
    What we need is a moderator action log like that on lobste.rs, or even a simple (edited) indicator on article titles. At the moment the titles magically change under our feet with no visibility, and everyone gets confused.
    - giarc 12y ago
      I agree with you. Even a simple asterisk like reddit has with edited comments would at least indicate that it's been changed. Perhaps a hover over the title shows the last known title?