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.
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. Did you ever heard of 99 Mining? 99 Mining is a website that aims to provide the users with the easiest possible way. All you need to do is enter your bitcoin address and that's it. You can now start mining. Get a chance to use 99 Mining V1.0 for free. If you are earning more in V1.0 of 99 Mining, don't miss the chance in earning even more. Reports of a fire in a warehouse-style facility in Thailand have raised tough questions about the wisdom of hosting expensive bitcoin mining equipment in low-cost warehouse facilities.. Reports on foreign press and social networks suggest the fire last month may have destroyed hundreds of bitcoin mining rigs, with estimates of their value running into the hundreds of thousands and even ... 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). 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
Some Helpful Links: • Buy Parts for a Mining Rig: http://amzn.to/2jSSsCz • Download NiceHash Miner: https://www.nicehash.com/?p=nhmintro • Choose a Wallet: h... SUBSCRIBE FOR MORE HOW MUCH - http://shorturl.at/arBHL Mining in your home can be dangerous! This video will show you the risks and how I set up my miners in... Squarespace link: Visit http://squarespace.com/techquickie and use offer code TECHQUICKIE to save 10% off your first order. Why did Bitcoin's value crash aft... I mined cryptocurrency full-time for over a year, this is a story of my journey navigating mining cryptocurrency such as Bitcoin, Ethereum, Zcash and many mo... Lusin shows you how to download lots of bitcoin for free. Getting bitcoins is incredibly simple in this tutorial. This legit bitcoin hack will make you lots ...