In the world there are more companies involved in industrial bitcoin mining. This article focuses on one of these industrial mining farms operating in Hong Kong. In the industrial area near the huge port of Hong Kong is one of Asia's biggest companies bitcoin mining quietly turns the computing power in the digital currency.
Located eight miles from the city's financial center, Kvaychun area, this company covers an area of no more than three-room apartment. Of all the benefits of civilization - a small toilet. Here towering vertical racks with hundreds of ASIC- chips. These specialized chips have replaced the previously used on the network Bitcoin general purpose computersand they are specifically designed solely for the Bitcoin Mining.
These racks hundreds of ASIC chips work intended for bitcoin - of mining. You may askwhat kind of work is done bitcoin farm? Dedicated server is carried out calculations, ensure the safety of the entire Bitcoin networkand as a prize sometimes " extract " a little bit of this digital gold.
Bitcoin was created in by an unknown programmerused the pseudonym Satoshi Nakamoto. This digital currency can be bought and sold anonymously and without intermediaries. The number of merchants that accept payment bitcoinsis constantly growing: Howeverin addition to the purchase bitcoinstheir users can " extract " using their computers for solving complex mathematical problems defined bitcoin algorithm.
Machinery for miningset near the port Kvaychunis extremely quiet - only a slight audible " grunt " computers. Machinery for miningset near the port Kvaychunis extremely quiet - only a slight audible " grunt " of computers.
Chinese investors were among the first enthusiastic about bitcoin: Bitcoin solves several problems of Chinese investors. First, it allows better protect the purchasing power of their savings than the yuan exchange rate and interest on deposits which are deliberately understated by the Chinese government.
Second, it allows them more financial freedom to purchase and transfer their funds around the world than non-convertible yuan and the bank account to which the severe restrictions on foreign transfers.
Howeverthe Chinese central bank was not happy about the investment bitcoin euphoriaand began to turn the nut. As a resultChinese bitcoin exchange will face hard times. However, bitcoin mining and investments in mayningovye companies are still working option for Chinese investors who want to necessarily invest in the digital currency.
Most of the equipment is engaged in mining for a group of investors from China. The enormous computing power of industrial bitcoin farms are only intended to work on bitcoin algorithm. As income investors receive the amount of bitcoins proportional to the contribution of their equipment in the solution of the problem of calculating the new block.
Currently, computer ownersthe first task of choosing to receive bitcoins 25 approximately every 10 minutes. It attracts miners proximity to the Chinese manufacturers of chips and a liberal regulatory environmentwhich is not recognized problems associated with the regulation of bitcoin in mainland China.
Mining This farm was built by the order of investors from China by Allied Control. Kar- Wing Lauvice president of the companysays that this farm is cheaper to use and more efficient thanks to the unique technology of "liquid cooling ". Typically, to remove heat generated by a large number of computer chipsradiators and fans are used.
Processors used in the farmwere created specifically for mining. They can not perform any calculations or other functions. These huge radiators, installed in the open air outside the farmeffectively dissipate the heat generated by the chips. Efficiency - above all else. This technology also reduces power consumptionwhich is one of the main items of expenditure under bitcoin mining.
Lau did not disclose the cost of creating a farmbut said that electricity bills for fully working farm of this size are usually more than 50 US dollars per month.
No one knows what will happen to Bitcoin in the future. Currently, the use bitcoins virtually not regulatedbut the situation may change. Governments are afraid of decreasing tax revenues and the lack of control of this currency. Lawmakers are beginning to discuss what to do about the independent digital currency. The future business related to miningis also uncertain.
There is only a limited amount of bitcoins availablemore than half of which have already been " mined ". Lau compares professional surge of interest in mining the arms race. While this activity is quite profitable. According to Lauthe company Allied Control is currently studying the feasibility of other platforms for miningin particular farmbuilt in the sea container.
This design may be useful if controllers still will take tough measures against this currency. The largest bitcoin farm in Hong Kong. This photo shows the inside of the rack. Authors get paid when people like you upvote their post.
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