Why Iceland is Perfect for Crypto Mining

[@littlexel]

'I'm Jake and this 'was' Beme.'

[@p_a_t_h6237]

Little Xel beme, Michael here

[@Reg4real]

hey it's fired jack, WOW

[@j0nk0movies]

Made me laugh why to hard then it should hahah

[@aarontkachuk]

ITS ALL KACEYS FAULT

[@valpek80]

Who is KACEYS?

[@interwebtubes]

Beme =Logan Paul suicide videos , They can’t be trusted!!, Run people run !!; The cancer is beme !!

[@SeanReitmeyer]

BEST VIDEO YOU GUYS HAVE PUT OUT YET!!

[@p_a_t_h6237]

there are all of our graphic cards lol

[@andrewlastundecided937]

This is why everything is out of stock smh

[@p_a_t_h6237]

marcos .gonzalez this is why the graphic cards are overpriced everywhere

[@AyushmanAdhikary]

iv got 6 gtx 1080s :D

[@p_a_t_h6237]

prithuadhikary u know what? FU

[@AyushmanAdhikary]

pat:h sorry forgot to write TI :P.. look man I just saw that coming.. besides here in India, One can live out of the income from a mining rig alone and too like a king..

[@athatcher85]

Finally!!!!! a video on Beme worth watching!

[@simstash9889]

Agreed

[@aarontkachuk]

Planting Freedom - athatcher85 notice how quality content appeared AFTER Casey left. Coincidence? I THINK NOT.

[@excelenciatrader1768]

and free

[@imranvp]

Finally someone said it.

[@JackCoyne]

One of my favorite videos to work on! It was so cool to learn about crypto mining and renewable energy production in Iceland.

[@JayKimDotNet]

Undisclosed location, we just showed using a wide drone shot pinpointing its location.

[@afrobunny]

Yeah, it is so undisclosed that it is literally marked on Google Maps. www.google.is/maps/@63.9629109,-22.5343497,1012m/data=!3m1!1e3?hl=en

[@igod8054]

maybe its for insurance reasons to not film a detailed video on how to get there. iceland is super small, people living there probably know where it is

[@fickalinga]

We know where it is. Not like it's hidden

[@MikeIvanchyshyn]

Lol.... apparently it was robbed in December/January. Whoooops😅Here's the article (in Icelandic): bit.ly/2BJLA1z

[@teuton8363]

if you want to protect such a facility, you would put it in a bunker in a mountain, like here: qz.com/1103310/photos-the-secret-swiss-mountain-bunker-where-millionaires-stash-their-bitcoins/

[@technicality]

2:47 Now with all that in *mine*

[@arseniosargyropoulos8495]

Join now NEW ICO by telegram gram-ico. info (remove space)

[@nissinmami]

This is the best Bitcoin Mining Rig package you can get now sites.google.com/site/SupremeMiningRig

[@tabthereturn3180]

Technicality

[@ahreuwu]

GLASSMANSK TV yeah, I think twice

[@TheShipMunksTV]

5:22 MINEBLOWING

[@joeypore]

Legit wondering how much they spend to make videos like this. Plane tickets, helicopter flight, accommodations, food, etc....

[@kaysha]

Such a great documentary

[@tomer_glick]

yea, real secret... type: "genesis mining farm, Iceland" to google maps.

[@MrJMO78]

Tomer Glick Great. You've just blown their cover. I hope you're happy with yourself. 😂

[@tonnydelavega2465]

They are neighbour with the ex US airforce base 1 km to the south of viking world not so far from Keyflavik airport but shuuuuuut it's a secret 😂😂😂 10 big farm just near the first where everything began...this mine plant is skyrocketing better than Columbia

[@MMLCommentaries]

Literally every package from Beme is better than any news package from any other outlet. These transitions are gold.

[@FerdinandZebua]

Oh wow, Jake is still with Beme News! Nice. ...oh wait, Jack too?

[@site_alpha_Liberty_Cat]

Check out Jacks channel.

[@DanielLee-rr2qj]

probably filmed before the whole collapse happening.

[@cold-and-wet]

I came here to say: your script, timing and delivery is perfect.

[@TheRainydayvideo]

Good to see the platform live on!

[@cedrikmartin4853]

TheRainydayvideo oh the irony

[@DarkArtGuitars]

This is my favorite video on this channel so far!

[@DavidCusack]

Interesting. I wonder if they could trap that warm air and recycle that as well.

[@mitcHELLOworld]

David Cusack lol.. for what

[@wej0w]

maybe turn the heat into energy.

[@zaminhuseynov9201]

use that heat for boiling water, and rotate generators that makes energy back

[@christiansullivan3002]

I don't think it's enough heat to worry about, you may be able to get a little out of it but for the business there isn't enough return on what it would take to use that heat

[@mikkirefur]

yes there are some looks into how it can be directed to flow inside greenhouses.

[@gainesinlife]

This by far is the best Beme Video so far. Keep it up!!

[@eracerJoe]

Great video Jake! I wanted to add onto the China mining ban, although many people with money in Cryptocurrencies might think this is a bad thing, I think it will ultimately be a good thing. China already has a pollution problem with the bad air quality, and smog from factories that burn toxic chemicals. So much so that they even are making building-sized structures in the larger 1st teir cities to help reduce the smog. When the ban or regulations for mining hits, this should help the environment over there since there will be less coal burned to create the electricity for miners. There are a few things that will likely happen to the crypto market once this ban occurs; 1. The main miners in China won't be online which will in part result in HIGH FEEs for Bitcoin, since the transactions will be backed up without enough people to help confirm them. (As similarly seen with the recent fee spike with the full blocks full of unconfirmed transactions from this recent Bitcoin Bull run.) 2. As a result of this there will be even more FUD (Fear, uncertainty, and doubt) in the market (as seen in the China cryptocurrency exchange ban from this past late summer, where the price of BTC went from about 7k down to 3k) regardless, the market rebounded to ATH's nearing 20k per BTC in late 2017. 3. Regardless of if the price falls again from the ~$8k it is right now if it might be a result of the China cryptocurrency mining ban, Chinese miners are already in the works with moving their business to the nearby country, Russia with their cold weather and low electricity cost. Also Bitmain which makes Bitcoin mining ASIC’s in China won’t be banned from creating more miners to subsequently sell to the miners, so if the price does “crash” by another 50% more or less, I’ll keep up with putting money from my bi-weekly paycheck and my businesses into Bitcoin at it’s current levels, and double down to put even more in if it falls lower. (For reference I use coinbase to buy bitcoin in smaller increments like $100 at a time: www.coinbase.com/join/576c8bb86bd4be00760008f9 is my referral link which will give both of us $10 upon buying your 1st $100 worth of Bitcoin, think of it as 10% extra with your purchase!) Now about Genesis mining: I am both a gamer and a speculative investor in both cryptocurrencies and Genesis Mining so I understand both sides. There is a big issue with these large scale crypto mining operations where they are buying up pallets of gaming graphics cards that PC gamers such as myself would have loved to buy if the prices were not gouged or out of stock. GPUs such as the Saphire Nitro RX 480’s as seen in the video: kzbin.info/www/bejne/apPJdnZ-ndR1eLMm16s (those exact models look to be AMD RX 470 or 480’s which are the most energy efficient and profitable cards) which generate about $4/day more or less at peak mining profitability, USED TO COST $200 BRAND NEW. NOW they are on the market such as on eBay and Amazon for prices upwards of EXCEEDING $500, even USED! These prices are being gouged by people buying them new at retail stores, snagging up all inventory and either putting the GPUs in their mining rigs, or reselling them for absurd prices online. Additionally, these inflated prices trickle down to the lower end graphics cards which then ultimately affects anyone who wants to get into PC gaming or try to upgrade their graphics card, but then can’t due to ridiculous prices. So Genesis mining and other large-scale mining companies are contributing to this graphics card shortage. But this past July I did either a stupid or a great investment of putting about $2k (via my debit card) into a Genesis mining contract. This was a 2 year contract and at the time, DASH (@500ms/ps) was one of the most popular and fastest selling contracts, so I impulse bought it. By the end of the summer I had my 1st deposit of about $550 worth of DASH, and another $400 by October 2017, and another $900 by December all in all it was a decent accidental investment overall, and the conract pays a miniscule $0.65 a day with this terrible profitability, but my total holdings of DASH is about $3500 at current prices, if I sold today, but that’s solely because some of these early payouts from around June/July have 4x’ed in price. So a TLDR: You would most likely make more buying and HODLing one of the coins with a big growth potential rather than mining it yourself, or mining with a 3rd party contractor like Genesis Mining. But if anyone is interested in throwing money towards a cloud mining contract, they can use my Genesis Mining affiliate code: Nn3Q2F when you sign up at www.genesis-mining.com/signup I’ll probably get around to making a video about all this stuff since I think I might have a little bit of input to share, with being in the crypto sphere for around 2 years, as well as building mining rigs and buying/trading cryptocurrencies. Please let me know guys if you're interested!

[@sprocket-YT]

eracerJoe China mine's farms are already prepared & moving to Iceland & the USA

[@matthines296]

Best video from Beme so far

[@AlexTer221]

Oh look it’s the gpu I’m trying to buy for a year already

[@sjokolademelk]

Norway is also pretty good, specially in the north, with all the energy from water and overall cold weather.

[@rodrigosantiago9204]

THE RICH GET RICHER BY SPENDING LIKE THE POOR AND INVESTING AND THE POOR GET POORER BY SPENDING LIKE THE RICH AND NOT INVESTING

[@inesjoao1001]

Natural, there’s a lot of math involved in Bitcoin trading, but this is often presented in forms of daunting technical charts, indicators, patterns.

[@joanamiguel244]

This is very correct. To the newbies, you should also note that this data is worthless without an existing understanding of data analysis, translation and interpretation, so a fundamental comprehension of these concepts is necessary in order to develop your own strategy and techniques.

[@anapedro7597]

Forex trading it's a trading platform were you invest with a minimum capital, you predict the outcome of foreign currency if they will either fall or increase, it's like you are placing a bet, but the good thing is that you are knowing the outcome before you predict, that's why profits returns are always on the high, but by doing this, you need an experienced account manager who can help you with the basics and trades for you.

[@ritaricardo7419]

Nothing interests me than talks about Bitcoin and how to make money trading bitcoin, you will understand when you have a good coach like expert Jackson Williams.

[@ritaricardo7419]

The reason people failed to succeed is because of discouragement from family and friends how do you know if something is real when you're yet to give a try?

[@juneinblack]

Another great Beme video with Jake. All the world needs.

[@stevennguyen1466]

Hasn’t Jake left beme?

[@th3ripp3r97]

Steven Nguyen this videos been in the works for weeks . Check Jacks channel.

[@alexs7836]

Why can't you use your head a little bit.. You think they make this video yesterday?

[@EmanuelRoro]

Didn't they shut you down ?

[@sambliz276]

CAUTION!!! Don't sell you btc I made 3.2btc

[@sambliz276]

@zilch zilch extraordinary is the word.Mike trading expertise has always proven very effective. The profits coming

[@sambliz276]

@zilch zilch feel free to contact Mr mike

[@PercyTienhooven]

Beautifully produced video. Thank you Beme team. Keep making them!

[@sgky2k]

And it's Linux there.... xD

[@RandomBruv65]

POV: you are trying to find a graphics card for a good price and this appears in your recommendations

[@adrianzsdl1963]

can someone explain me why mining isn't just waste of energy?

[@samonfin3551]

Because someone is making money out of it

[@PentaYOOO]

Because you're not wasting it, if you're gaining something from it

[@Belzughast]

It really depends who you are going to ask. Is mining gold not a huge waste of energy? Well technically yes, and most miners will tell you they barely operate. I personally think cryptos are not scalable at the moment. Bitcoin itself is an 10 years old technology which makes 35% of the market. Furthermore, it's one of a couple of currencies that can be traded back for fiat money. Big changes are coming.

[@adrianzsdl1963]

I used to support BOINC projects (seti@home) where i know why contribute my compute power consumption but mining is for me more like buying 10000$ skin in cs go. God why I'm not smart enough to understand blockchain!

[@adrianzsdl1963]

I think we're not on the same page with being environment friendly ;)

[@michaelovitch]

green energy wich is "literally coming from the ground " yes,like all of them we are massively using....

[@bhuvanchandra2848]

Those gpus why 😫😫. I feel really sad 😔 😔 😔.

[@sophyx9]

Bhuvan Chandra yeah those RX 480/580s

[@joescad]

Bhuvan Chandra I don't understandthis concept. That's like saying you feel sad when you see cloud servers.

[@vukhuathuy2866]

Golden Baws this is different, these corporations literally bought all the gpu supplies, making their price inflate by a bunch. Like $200 before, now it’s $500

[@bhuvanchandra2848]

Golden Baws bro I feel sad when see gpus not being used for gaming.

[@SpektrikMusic]

Bhuvan Chandra there are more uses for GPU than gaming. Work stations for example uses GPU for 3d modelling, rendering and simulation.

[@Genesismining_official]

Thanks for stopping by guys!

[@rust_belt_city_enjoyer]

I found out where all the GTX 1060s are going, more accurately, have gone.

[@Alobster1]

Well not to this guy :P he is using rx 580's.

[@rust_belt_city_enjoyer]

I was planning on updating my 970 last year, but that was when GPU prices were getting really bad, so I figured my 970 serves me well enough.

[@TylerJacobs3]

Very impressive how good your videos are especially with how young this channel is. Dope video!

[@ehrix4468]

I hate miners.

[@adeleetherton2665]

I have read, watched and studied Bitcoin and am still in a fog... LOL... Nice job Beme!! Glad to see you!

[@AkaSubway]

I hate miners who use graphics cards

[@DejanMac]

what u want them to use.. lol

[@audi1ification]

AISC dumbass

[@h33p]

when you mine ether you don't have much choice. Though, you should clarify what you mean. Miners are never bad, it's the large scale ones (like genesis mining) that are bad.

[@airbornemike380]

Great to see beme alive and kicking. Great to see jake hosting. You are by far the best presenter. Keep it up guys. Beme is awesome.

[@nine5792]

A bit late to the bitcoin bubble...

[@dmanm85]

Lol, well you're a fool because Genesis' mine was one of the first industrial bit mines. They've been around since the beginning. Maybe you shouldn't talk out your ass.

[@lobotomite3248]

Derek M he wasn't talking about the beginning of mining...he was clearly talking about potential.

[@scrogvikverkrona4493]

is this suppose to be pun intended?

[@stevensong8784]

Iceland. You never cease to amaze me.

[@jordan.newsom]

Broo! I have so much to learn about cryptocurrency but this was a very welcome leg up! Thanks Jake + Jack! (top notch editing btw!)

[@BrandonSears]

Best one yet guys!

[@chinchilla_irl]

Wow what a great video. Seriously well done.

[@jsking306]

Great report, as usual. Thanks...

[@practicalcryptoadvice5918]

Another great video! Good job!

[@dawidnoel2393]

This was fun to watch. MORE of Jake, please!

[@luispalminha]

Now that's a great piece to watch! #keepitup

[@richardknight5661]

This was a good one Jake

[@ryankanefitzgerald]

Kinda feels like this one finally hit a good stride. You guys should Keep Jake.

[@brentthomasaustin]

Great video. Love Jake in this

[@nicomarroquin1998]

This kind of content is what I subscribed for

[@asif-al-azizpritom2892]

HEY! BEME IS ALIVE!!!!

[@MrKolcid]

3:20 The Laundromat Café if anyone was wondering, best food in reykjavik

[@hauty100]

the production quality was amazing

[@alacritythief]

Happy to see you're still making videos, Beme! Also, feel sad 😢 for Jack.

[@dylansvm]

Love the "News-Vlog" like format of the video, keep it up

[@theexploringphotographer]

I was really enjoying Beme's videos. I hope they continue in a similar format but oh well, we'll have to wait and see.

[@Joe1237627]

This is 🔥 Jack and Jake!! Don’t stop.. Just don’t 🛑

[@frankie3089]

I really enjoyed this piece. Nice work guys

[@daveSoupy]

Man I miss Beme and their videos like this.

[@TheCalebEffect]

This is a pretty great video, good work

[@Isaac.Rochester]

5:22 The size of our new facilities are "mine" blowing

[@SpencerBerke]

Song at 4 mins pls?

[@werethless12]

2:46 Which is exactly why newer coins have moved or are moving onto PoS, takes less power to have a network with PoS than PoW.

[@FrancisW]

this was a good video, well put together too!

[@heyim_sai]

Awesome video guys!

[@saahish2339]

This was a very good video. Keep that quality content coming through and you guys will be the next big thing on KZbin.

[@nikitalazarenko353]

Amazing guys! Keep balling!!!

[@ZackScriven]

This was a great episode

[@ertiebassy3612]

excellent Jake and Jack!!

[@esgee3829]

2:43 ok wait a minute, why does cryptomining need to run on renewable energy? not that i think it's bad, why the video seems to assume renewable energy is necessary. i get that it could be cheaper (subject mentions that). what am i missing?

[@christiansullivan3002]

Es Gee with the amount of energy being used it's both cheaper and environmentally friendly. You don't need to, it's just more efficient

[@nicolasdavies4129]

This video was amazing to watch, great story telling and editing! keep it up guys!

[@tecke11]

These people are also the reason I can't afford a high end damn graphics card anymore. Thanks bitcoin

[@stephenh2827]

Great video! Skeptical at first that it was just another crypto video but the variety and different topics discussed in video made it really interesting

[@coutinhobros]

Are they still going to be making videos ?

[@Cropeck]

It took me less than a minute to find that "secret location" on Google Maps. I assumed it will be between the Blue Lagoon (which is a geothermal power plant) and the only international airport in Iceland. And there it is, right next to the airport. You can follow a power line that goes straight from the power plant to the facility.

[@claydog6422]

Beme is still in business ????

[@aditawks]

Awesome Video Jake and Jack

[@malibu_kenz]

Jake! You're the best!

[@vermilliontoaster3063]

How does Jake and team edit this?! It's amazing!

[@MajokiMusic]

This is such a good video!

[@nab-rk4ob]

Excellent video.

[@meeeee129]

One of my favorite episodes

[@nehtomal]

GREAT vidéo. Loved it.

[@TylerPatterson1295]

At least Jack got a trip to Iceland before he got fired.

[@CaptainDugog]

Didn't beme get shut down?

[@REDnWHITEnGREY]

Thevsauce guys probably have the best videography style on the internet when it comes to news and presenting this sort of information.

[@Mokarney]

While everyone is mining gold during the gold rush, the people that made most money was the ones selling axes and pants to miners. Same thing here with Marco.

[@oliverk2712]

Jake ! O no there were 2 Jake's , which means Jake^2 ! Hell yeah this video was Dope!

[@jwrm22]

Wasting electricity is less of a problem if it's renewable?

[@ChristopherShawnPike]

Awesome...Thanks

[@RoverViolinist]

Best beme video

[@adrienpiette6746]

I always want to go to Iceland. So beautiful. Also a pretty wicked metal scene.

[@Smith6265]

So what’s the difference from copying money and copying bitcoin?

[@gurpinderjohal337]

Wow beme well done

[@benstrachan3418]

Great video!

[@benzmansl65amg]

Great stuff!

[@nadavk]

Good job! Well done!