Best bitcoin mining hardware
A common question we have been asked is “Why should I host my server in the data center, not in my home or office?”. Short answer: scalability.
While maintaining mining servers in a residential or small business environment is initially cost-effective, as mining operations expand, savings are rapidly reduced. When Bitcoin mining operations start, many costs are often overlooked. While almost everyone is immediately aware of the cost of electricity involved in this work, the hidden costs will soon increase. These include:
Electrical infrastructure costs: The code provided by a typical new structure allows for a power consumption of 38,400 watts. This is 34 Antminer S1 or 20 Cointerra Terraminers. This power figure offsets the power required to actually live or work at the location, and it offsets the cost of cooling. It also costs money to install a power outlet of approximately 20 x 20 amps.
Cooling infrastructure costs: If mechanical cooling is required, the miners use about 40% of the space they use. This results in only 23,040 watts of actual mining power and also adds 40% of the net electricity cost for this operation. The national average is $0.12 per kWh, which brings the total cost to $0.16 per kWh, which involves cooling costs. In addition, a net consumption of 23 kW will require approximately 6.5 gallons of cooling. The comfort cooling capacity of most large houses is about 6 tons, which means a total of 12 tons of cooling is required. It takes money to install this extra air conditioner.
How to start bitcoin mining
Long-term opportunity costs: As the difficulty of Bitcoin increases, the cost of installing a 20 x 20 amp plug and a 6 ton extra air conditioner must be considered to provide a good long-term investment.
When it comes to encrypting currencies and digging coins, the old adage “Time is money” is more real than ever. This is at the forefront of the thinking process when deciding how to proceed with this process. Be sure to choose a data center that understands the value of uptime!
Finally, the real data center not only has backup batteries, but also auxiliary power sources such as generators. They will also have network redundancy. These are two other things that prove to be valuable to your experience.
Eliminate power consumption, power consumption, and concerns about equipment downtime. Configure your device and start earning your coins!