TL:DR: The Bitcoin mining fire in Thailand actually happened last month and everyone got it wrong. Journalism needs better standard. The author who wrote the CoinDesk article is alleged made up character by CoinDesk with no Internet history before CoinDesk was founded.
Bitcoin mining fires in Kocaeli - April 16, 2018 A fire broke out in Kocaeli where Bitcoin was used for mining purposes. ... Omer E., crypto money Bitcoin mining, making Bitcoin production devices, began to burn with the effect of overheating. The flames soon grew and left the whole workplace. The fire on the ground, where the shops were adjoining, damaged two shops beside them. ... No injuries in the fire, only material damage. Police teams began investigating the incident, allegedly from crypto-money mining devices, where the fire was too hot and not enough cooling was installed.
Do bitcoin mining in Siberia they said. Subsidized by corrupt politicians they said. Prior to the wildfire in Siberia this July carbon emissions were rising and changing the climate. Fires have occurred in the Arctic region in summer, but the blazes in 2019 have been unlike any previously seen.
Bitcoin mining, house fire, potential millions lost
I was involved in Bitcoin back when it sold for about $2. I purchased a few graphics cards and had them mining for me. I would sell all the BTC I would make, but I had reserved 50 BTC in a paper wallet. I told myself I would not sell these until BTC hit $100,000 CAD. In late 2013 I put a preorder for the KNC bitcoin miner. Cost me aboiut $40,000 CAD total and I was averaging about 1 BTC a day. In 2015 I finally received my miners, and 1 month in it resulted in a house fire. It ends up KNC was pumping too much power through the cable, and the current was too high. They sent all owners a y cable splitter but by then it was too late. My house was burned to ashes, my miners were gone, and I was in a state of depression. Pictures attached below. https://imgur.com/a/Sb7Bj I turned to drugs, ketamine to be exact, and went on a super bad spiral. I sold my bitcoins to support my drug habit. I had no social life, intense stomach pains, urinated blood, and almost lost my bladder. I finally quit and have been clean now for almost a year. However the BTC price has now come back to haunt me. If you are a Canadian on Local Bitcoins you may have heard of me, jamal01, probably the only seller around from my day as the rest are all rich. I'm obviously not going to turn to ketamine again, but I wanted to share my sad story with the world. I need a crash so I can buyback in and feel better about life... Not looking for sympathy or anything like that. Just want to share my story really. Thanks for reading.
Bitcoin mining is done by private computers. The role of miners is to secure the network and process each Bitcoin . Miners do this by solving a calculation problem that allows them to assemble the transaction blocks (hence bitcoin's famous blockchain). List of Best Bitcoin Cloud Mining Sites (updated as of 25 January 2020) When investing in bitcoins, one needs to consider finding reliable websites to mine bitcoins in the cloud and generate cryptocurrencies periodically and safely.The problem with this type of investment is making a decision and betting on a site where cryptocurrencies won’t be in danger of disappearing overnight. Mining for Bitcoin is like mining for gold—you put in the work and you get your reward. But instead of back-breaking labor, you earn the currency with your time and computer processing power. “Miners”, as they are called, essentially upkeep and help secure Bitcoin’s decentralized accounting system. A fire at a major bitcoin mining farm in China has destroyed millions of dollars worth of equipment, according to reports. The incident took place on Monday at a data centre operated by ... A photo of the facility before the fire. BitcoinTalk. In any case, the fire highlights the possible pitfalls for any Bitcoin mining startup. Bitcoin mining's appeal is its relative simplicity ...
Is Crypto Mining Still Profitable in 2020? - YouTube
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