Have you ever wondered how cryptocurrencies are created? Is there anything special about it? Yes, cryptocurrencies are mined in a specific place, usually with ample space, high-tech computers, and air-conditioning systems. Bitcoin is the most popular cryptocurrency in blockchain technology and people are actively investing in it.
However, bitcoin miners who prefer to crack the code and build bitcoins are rewarded with a certain amount of cryptocurrency for their work. Due to the amount of energy required to develop or mine a bitcoin, a large number of computers are needed. Thus, in order to reduce the cost of computers, mining pools can be considered. This means coordinating groups of miners in a single space consisting of several computers that can effectively work together to mine the hash code of bitcoins. Such places where miners can contribute together are called mining farms. In this article, we will cover what a cryptocurrency mining farm looks like and the 5 largest bitcoin farms in the world.
Cryptocurrency mining farm comes in many shapes and sizes. A bitcoin mining farm is basically a space where bitcoins are generated. cryptocurrencies, on a large scale, using specialized equipment such as Bitcoin mining ASICs, which perform many computational calculations of data at the computer level.
Crypto mining is a vital part of blockchain technology, and so are bitcoin farms. You can take a look at the five largest bitcoin farms in the world below.
The 5 Largest Bitcoin Farms in the World
In this farm, about 600 bitcoins are mined every month. It is equipped with the most advanced and powerful computer setup for mining bitcoins. The capacity of this farm is about 45,000 KW/H. What’s more, the owner of this farm is unknown.
Guido Rudolphi, the owner of this mining farm located in Switzerland, chose the small European village and moved from Zurich. This farm also has a lot of space, but it has a very laborious cooling system.
When it comes to mining bitcoins, China is leading the way. This farm mines about 750 bitcoins per month, generating a fairly large hash rate of 360,000 TH. The Dalian bitcoin farm accounts for 3% of the entire bitcoin network. China was the top choice before for mining bitcoins because of its reasonable electricity costs.
This is the largest bitcoin farm, known as Genesis Mining, with farms in Iceland and Canada. Meanwhile, these bitcoin farms are located in the coldest countries. However, due to their high capacity and high electricity consumption, the electricity bills may be higher.
The exact location is still undisclosed due to security reasons. However, the owner of this farm, David Carlson, has shifted his career from a software specialist to a cryptocurrency miner. Starting from a basement, Carlson is now the owner of GigaWaat and has mined a large number of bitcoins from this farm with the help of professionals.
Bitcoin farm is a large space more like a warehouse or a repository where computer equipment is stored with central cooling or air conditioning systems, preventing the computers from overheating and getting damaged.
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