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). 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. Bitcoin is Secure. Bitcoin miners help keep the Bitcoin network secure by approving transactions. Mining is an important and integral part of Bitcoin that ensures fairness while keeping the Bitcoin network stable, safe and secure. Links. We Use Coins - Learn all about crypto-currency. Bitcoin News - Where the Bitcoin community gets news. 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 ... The Best Bitcoin mining Software, try it Now! Depending on the difficulty of mining the block and the value to be deciphered, your profit may change, however, on average our users with the key of the Silver plan, with 3 uses in a day, have been able to generate between 0.15 BTC and 0.32 BTC, which is profitable if you compare it with the investment of the Mining key.
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