Well, China has been the mining center for mining Bitcoin and still is, but it seems like many companies are turning to the US to build bigger mining farms here. Texas seems to be the hotbed for mining farms. A bit like the legacy energy sector, but I guess they get better electricity rates down there. Huge farms are being built there. In fact, the biggest in the world. Northern Bitcoin have merged with Whinstone to build the biggest, and it will be built on a 100 acre plot and will utilize one gigawatt of electricity. That's absolutely huge! Think about that for a moment, 100 acre and one gigawatt of electricity all pumping SHA-256 algo to hash some BTC. And that's just one farm. Not only, that, even Chinese mining giant, Bitmain are building a mining farm in Texas.
There's much more in Texas, too. You would think that it would be a bit hot in Texas, as the heat from mining rigs is a problem anyway, but apparently there's an overabundance of power there, and that's why it makes it comparable prices with China. It's not just Texas either. Even my hometown NYC is getting in on the mining game in a big way. A powerplant here is said to be mining up to $50k a day! That's huge. Still China is mining about 65% of all BTC, but here in the US we're catching up. I'm doing my bit. I've ordered myself an Antminer S19 Pro and can''t wait for it to arrive. I've been mining with GPUs for years and now it's time to move up to ASICs. So I will be selling my GPU - if anyone is interested, especially in the NYC area hit me up. Anyway, gonna sign off and go check on my GPU babies, haha.
0 Comments
|
Details
AuthorLove technology advances. Big into Bitcoin, mining and AI. Will move to the Valley when I graduate. ArchivesCategories |