Quite interesting. What's to stop the bitcoin pool from consolidating into a few key players as difficulty to mine progresses? There's no way that the miners are spending >250k/mo and pushing bitcoins back into the system. Wouldn't this hypothetically consolidate wealth in the hands of those with enough capital to create monstrous factories like this?
I wonder about the effects of such establishments on the Bitcoin ecosystem as a whole. In theory, they're supposed to strengthen the network by providing more hashing power. But what worries me is the onset of mega-pools composed of such factories that will gain >51% of the network's computational power effectively gaining a monopoly on Bitcoin.
The cables snaking everywhere and the old hardware piles give me flashbacks to Serial Experiments Lain.
All they're missing is some chrome and neon, and we're living the cyberpunk dream.
I wonder how much effort they've put into optimisation? Small gains (1-2% rather than order of magnitudes) for these guys obviously mean a lot more than for any bedroom operation.
What is their internet connection, fiber? Surely they must have a special contract or multiple providers.
Think how good we are at destroying the envirorment for nothing!
Is there any estimate of how much income this particular mine can produce, compared the the capital outlay and the ongoing costs?