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Pattaya: Bitcoin miner pays with his life after ignoring brother's plea not to repair faulty equipment himself


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4 hours ago, ezzra said:

Died while mining bitcoins, coal miners die, gold and other precious metals die and now Bitcoin miners die, as it was said in Ecclesiastes 1:9   What has been will be again, what has been done will be done again; there is nothing new under the sun...

Are you sure? I thought that was a Sting album

 

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7 hours ago, worgeordie said:

You must switch electricity off at the mains, before

you start fiddling about with it, RIP

regards Worgeordie

But for the unwary be aware that aircon  generally doesn't go through the normal breaker or ECB, with electric the rule is " if you dont need to touch it, dont"

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On 7/22/2021 at 10:00 AM, Mr Meeseeks said:

Those are not Bitcoin mining rigs.

 

They will be mining some proof of work crypto but not Bitcoin. Need specialised kit to mine Bitcoin these days due to the hash rate required. 

Can some nice person explain in simple terms how a machine can mine bitcoins? I thought that bitcoins were a virtual currency. It doesn't make sense to an old prospector like me.

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3 minutes ago, peterpaintpot said:

Can some nice person explain in simple terms how a machine can mine bitcoins? I thought that bitcoins were a virtual currency. It doesn't make sense to an old prospector like me.

Don't let curiosity  draw you in..... mind numbing stuff.

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21 hours ago, peterpaintpot said:

Can some nice person explain in simple terms how a machine can mine bitcoins? I thought that bitcoins were a virtual currency. It doesn't make sense to an old prospector like me.

The "explain it to me like I'm a five-year-old" answer is that the bitcoin  miners are similar to auditors of the electronic crypto currency system.  They electronically track all the transactions to make sure that nobody cheats and spends their invisible money more than once, and that one "coin" is not electronically counterfeited. They are paid randomly for their "work" in bitcoin. In fact, new bitcoins are only ever created in this way. 

 

It's called "mining" because they have to filter through terabytes of data to find a correct "solution" in the form of complex equations, much like a gold miner digging through tons of rock to find a speck of gold.

 

Forget the technology side of it - imagine they are working in a Charles Dickens period counting house, poring over the ledgers to make sure everything balances and everything is accounted for.

Edited by Gsxrnz
Clarity
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14 hours ago, Gsxrnz said:

The "explain it to me like I'm a five-year-old" answer is that the bitcoin  miners are similar to auditors of the electronic crypto currency system.  They electronically track all the transactions to make sure that nobody cheats and spends their invisible money more than once, and that one "coin" is not electronically counterfeited. They are paid randomly for their "work" in bitcoin. In fact, new bitcoins are only ever created in this way. 

 

It's called "mining" because they have to filter through terabytes of data to find a correct "solution" in the form of complex equations, much like a gold miner digging through tons of rock to find a speck of gold.

 

Forget the technology side of it - imagine they are working in a Charles Dickens period counting house, poring over the ledgers to make sure everything balances and everything is accounted for.

Bah Humbug Mr Cratchit

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On 7/24/2021 at 11:43 AM, peterpaintpot said:

Can some nice person explain in simple terms how a machine can mine bitcoins? I thought that bitcoins were a virtual currency. It doesn't make sense to an old prospector like me.

 

The Bitcoin mining machine is today's equivalent of the pick, shovel, and pan.  Just add electricity, and you mine a virtual currency.  

 

This guy died trying to fix the machine, but many have died trying to steal electricity, attempting to bypass the meter.  

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