4 factors to consider when choosing an industrial-scale Bitcoin mining location
BTC mining is an exciting and fast-scaling industry to be a part of. Just make sure that you set your roots down in the right place. Large-scale miners are the dominant players in Bitcoin (BTC) mining — we should know because we are one. Having scaled up from a set of mining rigs in my dorm room, our team at Genesis Digital Assets has grown to over twenty industrial-scale mining farms across the globe in just eight years. Every quarter, we continue to scale and build more.You may think that because mining happens digitally, you can plant a farm anywhere in the world. And while you can mine....
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Genesis Mining has launched a new web interface that will enable digital currency miners to gain greater control of their bitcoin and altcoin mining operations. Initially built for internal use, Genesis Hive is currently being offered to large-scale miners at a rate that varies based on the number of mining units connected to the service each month. The new software is also expected to be made available to medium and small-sized firms at a later, to-be-determined date. CEO and co-founder Marco Streng indicated that the project aims to reduce the rising complexities associated with....
The face of industrial-scale bitcoin mining is changing with every passing month, having already pushed far beyond the bounds once envisioned, perhaps, by the hobby miners of four years ago. The landscape is much different now. Many large-scale mines are shifting from warehouse set-ups to data centers better equipped to deliver the massive power and cooling resources necessary to compete in a steadily accelerating industry. CoinDesk spoke with executives from some of the biggest hardware companies in the mining space. During those discussions a picture emerged of an industry undergoing a....
The profile of the average bitcoin miner has changed dramatically over the course of the currency's short history. Once the pursuit of hobbyists with powerful CPUs (and later GPUs), mining is now a highly competitive business performed on an industrial scale. But what is life like inside one of these power guzzling giants? Blogger Bitsmith found out first-hand on a trip to a one of the world's biggest facilities at a mystery location in China. Check out the scenes he witnessed in the gallery below: As more mining firms pile in, bitcoin's network difficulty is soaring higher and higher.....
Genesis Mining, one of the largest bitcoin mining companies around, recently updated its web interface to give bitcoin miners better control over their digital currencies. The company is now offering Genesis Hive, which was previously intended for internal use, to large-scale bitcoin miners. The price at which this service is offered depends on the number of mining units connected to the service each month. This service is also expected to be made available to smaller scale bitcoin miners later on. Bitcoin Miners Operations. "While this has improved efficiency it has also lead to new....
The location has 36 MW currently available and can scale up to 86 MW and the company purchased an additional 3,400 Antminers adding 340 PH/s to its hash rate.