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Behind The Scenes Of Bitcoin Mining | CNBC

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CNBC's Michelle Caruso-Cabrera discusses her trip to a bitcoin mining warehouse in Washington. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Behind The Scenes Of Bitcoin Mining | CNBC
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Text Comments (66)
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Nun Ya (6 months ago)
I can't wait until all of these idiots lose everything they have with this Bitcoin fad.
Amelie Plays (7 months ago)
are you mining Phoenixcoin , thanks
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The Punisher (9 months ago)
We should build a Nuclear Powered bitcoin miner
cubeoner11 (9 months ago)
Pffffff this is pathetic CNBC.... You have no clue, as always!!! Embarassing but nothing new....
Hemi Power (9 months ago)
Four-fifths of all the bitcoins that will ever exist have already been mined.Every 210,000 blocks, the reward for mining a block is halved. The network started at 50 bitcoins per block, and on November 28, 2012, this figure halved for the first time to 25 bitcoins. Based on current trajectory, with 1,800 bitcoins created per day, BitcoinBlockHalf predicts the next halving will arrive on June 6, 2020, around two and a half years from now. With the halving system, it is believed that the last bitcoin won’t be mined until the year 2140. There’s trouble ahead for bitcoin and all cryptocurrencies because of being used to evade taxes or finance criminal organizations. Many countries are planning to ban the exchanges or bring them under legislative control. Time will tell. You will really have to weigh the costs now before you go mining.
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ADITYA OSHO (9 months ago)
This is making machines more powerful then ever .......Hope very soon we would see Neo fighting with agents ...
Omnia India (9 months ago)
दोस्तों इस समय आप बहुत सी criptocurrency के नाम सुन रहे हैं । और इन्मे से सबसे ज़्यादा क़ीमत bitcoin की है । आज एक Bitcoin की क़ीमत 10 लाख रुपये से ज़्यादा हैं । इतनी अधिक क़ीमत होने के कारण bitcoin ख़रीदना बहुत मुश्किल हैं । लेकिन मैं आपको एक ऐसा तरीक़ा बता रहा हूँ जिससे आप bitcoin आसानी से प्राप्त कर सकते हैं । यह तरीक़ा हैं cloud mining का, आप bitcoin की cloud mining के द्वारा bitcoin कमा सकते हैं हाँ दोस्तों बिलकुल सही सुना cloud mining के द्वारा । वैसे तो mining करना बहुत मुश्किल हैं लेकिन एक company हैं जिसने mining को बहुत आसन बना दिया हैं। उस Company का नाम हैं OMNIA दोस्तों OMNIA भिन्न भिन्न coin की mining करता हैं और इनके contract भी देता हैं। आप Omnia के साथ मिलकर cloud mining बड़ी ही आसानी से शुरू कर सकते हैं OMNIA आपको mining का lifetime contract प्रदान करता हैं। lifetime मतलब जब तक mining में फ़ायदा होगा तब तक आपके पास लाभ आता रहेगा और यह समय अवधि लगभग 5 साल होंगी। सबसे बढ़ी बात यह हैं कि OMNIA हर वर्ग के लोगों के लिए भिन्न भिन्न Pakage प्रदान करता हैं। इस से आप अपने budget के अनुसार mining contract ले सकते हैं। दोस्तों OMNIA के packages कुछ इस प्रकार हैं 149$×75=11175 549$×75=41175 1049$×75=78675 3049$×75=228675 8549$×75=641175 15049×75=1128675 25049×75=1878675 दोस्तों इन सभी packages में आपको अलग अलग Hash Power मिल जाती है जिससे आपको हर महीने लगभग 10% से 15% की रिटर्न मिलती है वो भी BITCOIN में जो आपके Zebpay अकाउंट में सीधे जमा हो जाते है। इसके अलावा :- *Direct 10% * Binary 10% * sponser matching Level income- 4,% 3%,2%,1% * Award/ rewards * Weaker leg bonus * Rank bonus और भी बहुत कुछ। आप आज से ही bitcoin की mining start कर सकते है नीचे दिए गए link पर click करके अपने आप को अभी Register करे https://my.omnia-tech.eu/afl/ref/94607/94607/LEFT/add/new-ref और अधिक जानकारी के लिए सम्पर्क करे 9818750520
Rebecca Myers (9 months ago)
I can;t go down to the local feed store and buy food for my animals, or pay for vet bills with it or buy a car or fencing for my sheep or purchase more sheep or buy a bigger place to live to farm more sheep. But I can use my sheep as trading stock to get what I need to continue raising sheep. So in a sense, my sheep are more valuable than bitcoin. lol. I love my sheep. Farming is where it's at folks. Without a farmer, you don't eat. But you have a lot of bitcoins. lol.
Derrick Ivery (2 months ago)
talk to them about btc and show them the advantages. you never know, you might be the one that introduces them to crypto and might even start accepting btc and other crypto currencies
007thematrix007 (5 months ago)
Rebecca Myers (9 months ago)
North Central Washington. USA we are expecting lambs any day. Super excited.
Monte Mahler (9 months ago)
I'm trying to get a bmw m3, but I need some more money. I am very grateful for anyone who wants to donate to my bitcoin wallet. My bitcoin wallet address is 1MZiZnH113FeCC3EFtVGUQQ7KgVssFGRBz Thank you to anyone who can help me out, even if it is just 5 dollars.
D Rock (9 months ago)
Talk about the ultimate battle between old money and new money. They’re laugh and new to it. Reminds me of reporters trying to grasp the concept of the Internet long ago. This cyber currency is taking on the ultimate cartel. The Federal Reserve
F M (9 months ago)
This guy is not mining gold. He is mining somebody's else money.
Best Forex Strategy 2018 Assar Pro Forex Scalper (9 months ago)
I seriously don't trust bitcoin.
Jack Napier (9 months ago)
I only trust Vertcoin.org
Best Forex Strategy 2018 Assar Pro Forex Scalper (9 months ago)
lmao. that's cool. i'll see you in the bahamas with my forex profits.
tone (9 months ago)
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The Modern Investor (9 months ago)
If he manages to mine 50 BTC a day, at the current value he'll be mining $250,000,000 a year. .....meaning, when Bitcoin does hit $150,000 a coin, this man will have essentially made 2.5 billion dollars a year.
Jorge B. (9 months ago)
lul bit coin is gonna drop so hard
Games2014 (9 months ago)
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englishsteel2347 (9 months ago)
Bitcoin won't hit 150,000.
F M (9 months ago)
What if after one year bitcoin price go down to $.01 per bitcoin?
kassandra ardon (9 months ago)
Bitcoin is cool but to complicated for me tbh. I swear I’m not a scam or anything like that but i can help you make 5 bucks. Just gottah get the cash app using my code. PVBQWPL cash.me/app/PVBQWPL It has to be the link with my code on it so you can make the $5. The app is basically just a new way to send money to your friends. Like a western union. The reason why I’m putting this here is because if you get the 5 for signing up i do to 😄 then you get your code and invite your friends and make 5 for each friend that joins with your code! I think that’s pretty cool haha.
Collins Stone's (9 months ago)
Do you have bitcoin?do you know you can mine 0.5btc in five days or 1.8btc in three weeks if you want to do so then Mr Collins Batts mining system would work best for you contact him through collinsbatts5@gmail.com. it's working for me.
Mukul Thakur (9 months ago)
Lol the reporter was asking if a day goes by when he doesn't mine any bitcoin? He definitely is not doing solo mining and must've been contributing hash to a pool where you get paid for the percentage of hash contributed to the reward generated by the pool.
Alex DE (9 months ago)
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Maya Solds (9 months ago)
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ferdinand gonzalez (9 months ago)
Sounds like it's great for the environment.
Kermit the Frog (9 months ago)
I know as much about his trucks, as he knows about bitcoin and the environment :)
Fillmore Hillmore (9 months ago)
So your fabricating a story based around no facts? Or do you know ferdinand drives a truck, doesnt own solar and still uses coal?
Kermit the Frog (9 months ago)
hes talking about the environment and probably drives a f350 and doesnt own solar and pays electricity to a company still using cole....
Games2014 (9 months ago)
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Fillmore Hillmore (9 months ago)
What do trucks have to do with the topic? Trucks transfer hard goods. For the transfer of currency, bitcoin is not at all efficient.
Brian Baros (9 months ago)
Have him Send me a Few S9 ANTMINERS.. Now We see where they are all GOING..
Blake Boege (9 months ago)
1.21 gigawatts? Great Scott!
Russell Lee (9 months ago)
mining bitcoin ??? worst investment of all time !