The cold calls the world's most powerful Bitcoin mining farms

[starwill 456]

Some of the largest Bitcoin mining farms on the market have been installed in cities with a cold and dry climate. Companies are looking for areas where mining equipment can be refrigerated, without additional electricity costs.

In the World Mining Conference 2019, which culminated on October 10, about 22 farms competed to proclaim the most popular among miners. The award was won by the Canadian company DMG, which is located in the province of British Columbia.

Beyond the awards, each of these farms left an interesting record of their activities, cooling system and geographic location. Thanks to this information it is possible to identify a trend in the Bitcoin mining industry. Farms not only take into account the low prices of electricity to locate their equipment in a region, but also the temperatures of that area.

Kazakhstan, Russia, Iceland and Canada are four of the countries with the highest concentration of mining farms with Bitmain equipment, according to conference data. Although the predilection for cold countries and with good electricity rates has already been noticed by Garrick Hileman and Michel Rauchs, from the University of Cambridge, who published a study in 2018. Cities such as Siberia, Quebec and Reykjavik are in demand among miners, along with several areas of China.

[Aceventura 208]

Well, Bitcoin mining isn’t easy; like mining for gold, it requires a lot of patience and resources. But if you want to try your hand at it, countries with cold and dry weather provide a better opportunity than others. 

[Crypto123 0]

Yes, this is a good strategy on the ground, searching for cities with a cold climate to do mining is an innovative idea, because this will drastically reduce the increasing electricity consumption and the problems caused by the use of electricity in mining as well as the great heat caused by mining devices.

[Brushless4500KV 4214]

There are many things that can be done to maximize the efficiency of mining farms. You can design advanced heat sinks to dissipate heat from electronic parts or build some exclusive vents to direct airflow directly to the mining hardware to cool them down. Miners can use solar power systems to reduce electricity consumption in areas that benefit from direct sunlight. Another sources of energy to produce cheap electricity is water current and wind. If miners can use these sources properly, they can save lots of money in electricity bills. It is a great opportunity for cold countries to rent or sell their lands for mining farm applications. I think Canada and Russia are the best options among others because in those countries temperature easily reaches below zero in winters.

 

[Crypto123 0]

On 12/26/2019 at 10:26 PM, Brushless4500KV said:

There are many things that can be done to maximize the efficiency of mining farms. You can design advanced heat sinks to dissipate heat from electronic parts or build some exclusive vents to direct airflow directly to the mining hardware to cool them down. Miners can use solar power systems to reduce electricity consumption in areas that benefit from direct sunlight. Another sources of energy to produce cheap electricity is water current and wind. If miners can use these sources properly, they can save lots of money in electricity bills. It is a great opportunity for cold countries to rent or sell their lands for mining farm applications. I think Canada and Russia are the best options among others because in those countries temperature easily reaches below zero in winters.

 

Actually these are very good ideas that can be used to cool mining devices, but I think it remains the best thrombus to use alternative energy by sun, wind or mining in cold areas. But I prefer clean energy because it will be very cheap as well as environmentally friendly.

[magd 5231]

This is very cool Colombia contains Bitcoin mining farms, I really did not expect it to be there and the climate effect this is talking about my friend how much it saves per year If you have information please answer me It's great to know these things

[bliznec 22268]

The most common country for mining are those countries that have very long winters. This is the country of Siberia, where almost winter is constantly happening. 

[magd 5231]

It's really cool to think about these things because low-temperature areas provide a lot of equipment and cool costs for mining tools, does that mean it is very difficult to use mining in areas near the equator

[BTC Future 3946]

Cold conditions are important, but mostly mining activities are centralized in countries where they can find cheap electricity. China offers extremely low power through their dams and miners are striking really good deals with the power companies. The climate won't matter much since the electricity is close to zero, they are able to cool the places with low cost as well.

[joemcgwa 3227]

On 10/20/2019 at 8:12 PM, starwill said:

Some of the largest Bitcoin mining farms on the market have been installed in cities with a cold and dry climate. Companies are looking for areas where mining equipment can be refrigerated, without additional electricity costs.

In the World Mining Conference 2019, which culminated on October 10, about 22 farms competed to proclaim the most popular among miners. The award was won by the Canadian company DMG, which is located in the province of British Columbia.

Beyond the awards, each of these farms left an interesting record of their activities, cooling system and geographic location. Thanks to this information it is possible to identify a trend in the Bitcoin mining industry. Farms not only take into account the low prices of electricity to locate their equipment in a region, but also the temperatures of that area.

Kazakhstan, Russia, Iceland and Canada are four of the countries with the highest concentration of mining farms with Bitmain equipment, according to conference data. Although the predilection for cold countries and with good electricity rates has already been noticed by Garrick Hileman and Michel Rauchs, from the University of Cambridge, who published a study in 2018. Cities such as Siberia, Quebec and Reykjavik are in demand among miners, along with several areas of China.

I couldn't know if there have others largest mining rigs than genesis mining. so now I understand that genesis mining is largest among cloud mining.