With the rise in the cost of cryptocurrencies, a lot of money came into this business, which contributed to the emergence of industrial-scale mining centers. Huge mining farms are being built in places with cheap electricity, clean and cold air.
Let's take a closer look at how this business works and which country mines the most bitcoins.
To build highly profitable industrial mining farms, a number of conditions must be met:
- availability of modern equipment that will be cost-effective for at least 1-2 years. During this period, it is necessary to cover the costs of purchasing it, arranging the data center and other operating costs and get the calculated percentage of profit;
- access to cheap, uninterrupted electricity to reduce overhead costs and keep equipment running 24/7;
- absence of strong pollution in the ambient air to reduce the cost of its filtration;
- cold climate to reduce cooling costs;
- cheap and skilled manpower / engineers to maintain smooth operation and repair emerging breakdowns.
All these conditions exist in China, where large production capacity, which produce the latest ASICs, there are areas with cheap electricity and clean air, and there is also a surplus of labor. In this regard, the world's largest mining centers are located exactly there, in the province. Liaoning(for example, a mining company HaoBTC).
The concentration of computing power in the hands of Chinese entrepreneurs has reached such a high level that at the official level in China, statements are being made to ban the mining industry. This is done in order to move this business outside of China and avoid accusations of concentrating capacities and controlling the most profitable cryptocurrencies with a 51% attack.
During the rapid growth of cryptocurrencies in 2017, huge mining farms were built in other countries with cheap electricity, for example, in the USA, Iceland ( Genesis mining), Russia, Switzerland (farm in locality Linthal) and others.
As a rule, the creation of a large mining farm is not advertised, but its presence can be established by indirect indications associated with the emergence of a new powerful pool or a sharp increase in the capacity of existing pools.
The principle of operation of giant bitcoin farms is very simple: a control center for a network of "mines" is created, each of which contains hundreds of computing devices, farms on video cards or ASICs. Often, such farms provide cloud mining services and lease their power, as well as provide operation of large mining pools and receive a small percentage of income from the work of other, small mining farms.
The largest mining farm in Russia
According to information available in the media, the largest mining farm in Russia is Bitbaza, located in the city Divnogorsk, Krasnoyarsk region, in the industrial park Marvelous... With a high degree of probability, it can be argued that there are other large mining farms in the Russian Federation, but for a number of reasons related to the unwillingness to attract the attention of criminals and controllers, they hide their existence.
Full development of a mining company BitBaza provides for an investment of about 3 billion rubles, installation of equipment with consumption 10 mW with further build-up to 120 mW. Such a farm is currently expected to generate over a thousand bitcoins per month.
Costs and profits of giant farms
Setting up a mining farm is quite a costly affair. The most expensive are the computational components - ASICs or powerful video cards. The cost of one modern ASIC or rig with six powerful video cards is several thousand dollars.
In 2018, a lot of high-performance ASICs appeared, due to which the previously profitable coins that were mined on video cards ceased to bring profit. In this regard, the upgrade of equipment on large mining farms is currently carried out through the disposal of failed or unprofitable ASICs and the sale in the secondary market or disposal of components from farms on video cards.
The lion's share of the costs of operating large mining farms is made up of electricity costs. With a serious scale of this business, daily electricity consumption is tens of megawatts, and monthly payments reach tens of thousands of dollars.
Released mid-2016 Antminer S9, which consumes about 1.3 kW, currently gives a net profit of two dollars a day, at an electricity cost of about 6 cents per kilowatt. A farm of 3,000 such devices (a typical mine of large mining companies in China) has a computing power of 34,500 terahashes and consumes more than 3.9 MW per day. She makes 550 bitcoins per month and only requires payment of about $ 7,500 per month for electricity bills. If you do not take into account the costs of paying for the cost of equipment, labor, security, taxes, maintenance of utilities, cooling systems, ventilation, fire extinguishing and rent, then such a farm brings in income of 160-180 thousand dollars per month, despite the fact that this ASIC is already obsolete.
- Huge mining enterprises have several of these mines, which are constantly being upgraded. One of these farms exists in Russia, its location is not advertised, but information about its work has repeatedly appeared in Russian and foreign media.
The relevance of the mining business in the Russian Federation
In Russia, the profitability of the payback of a mining business is not as great as in China due to an increase in the price of equipment associated with transport and customs costs. But thanks to the presence of areas where the temperature is low all year round and the availability of cheap electricity, the mining business in the Russian Federation is still profitable, especially when used, which give serious income (tens of dollars a day) in the first months of its appearance. .
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The development of bitcoin has become a real breakthrough in the economy, thanks to the rapid growth of the electronic unit rate. Decentralized currency has no governing body and is not regulated by the state, which makes it unstable according to international financial experts. However, the current state of affairs suggests the opposite: an increase in the rate beats all established records, and the user is becoming more and more interested in ways to get BTC every day. This situation contributed to the development of the largest mining farm in the world, which we will consider in this material.
The Bitcoin mining principle is based on complex computational processes involving unique software and related hardware. Each user at home can organize a "mining farm" that will steadily produce cryptocurrency. Powerful specifications and cheap electricity are basic requirements for a successful project that can provide an alternative way of earning money. It is impossible to obtain super-profit from several computing devices - the developer has foreseen all possible outcomes and imposed appropriate restrictions on the operation of the system.
The largest mining farms of ordinary users do not fit into whole garage rooms and apartments. But imagine what will happen if a full-fledged company is interested in this issue and implements this issue on an industrial scale?
Largest bitcoin farm
Chinese companies have always shown a special interest in technical and software innovations and did not disregard BTC. Cheap labor, the ability to organize the production of cheap electricity, low rent and affordable technical components were used by the engineers of the Sichuan province to create a real "workshop" for bitcoin mining.
A large project uses a unique ventilation system and adheres to established safety standards, which minimizes the number of breakdowns and the cost of rebuilding components. Cryptocurrency mining is carried out around the clock, and its process is continuously monitored by 6 qualified engineers performing various duties. The continuous process provides for the simultaneous work and accommodation of employees in dedicated rooms.
The mining technology has not changed since the inception of bitcoin, which makes the developed system relevant and efficient.
How much brings
Determining the average income of the largest mining farm in the world is difficult. The profit depends both on external factors and on the bitcoin rate in the market. At one time, the level of net income was in the region of $ 3 million per month, which is an outstanding indicator. Is it worth organizing such projects on your own? If you analyze in advance the cost of rent, maintenance, electricity and other factors and still be able to make a profit, the costs may be justified.
Now the big players in the world of crypto mining are no longer enthusiasts with powerful PCs and home farms. In 2019, we are already talking about the largest data centers. Quite understandably, many users are interested in how much the largest mining farm in the world and in Russia brings. The profitability of mining is influenced by enough a wide range of factors, one of which is, of course, the exchange value of the production object.
Whether building on their own or purchasing, every fan of digital money invests in an industry that is currently valued in billions of USD. At the same time, the most real IT giants are in key positions.
The world's largest mining farms
As a rule, data on the location of large data centers specializing in the production of the most popular and expensive virtual coins. This is primarily due to high cost operated equipment. In theory, such complexes can be found anywhere. Moreover, the construction of such giant farms is possible under the following conditions:
- Availability of modern and most powerful equipment, the operation of which will be profitable for at least 1-2 years.
- Access to uninterrupted power supplies and favorable tariffs. It's about minimizing overhead and keeping your farm running smoothly.
- Cold climate to reduce equipment cooling costs.
- Availability of qualified specialists.
Almost all of these conditions have been created on the territory of the "Celestial Empire". Based on this, large data centers specializing in mining are located there. These are areas with cheap electricity and clean air.
To date in the top the largest and most powerful mining farms include:
- Bitmain Ordos (Mongolia).
- Giga Watt and Bcause LLC (Washington and Virginia, USA).
- Hut 8 Mining Corp (Canada).
- Bitfury Mines (Georgia).
- Genesis Mining Enigma (Iceland).
Naturally, this list is constantly expanding, and the leaders of the rating have new competitors. An example is Armenia, which claims to be the largest mining farm in the world. This project was initiated by Multi Group in tandem with Omnia Tech. It should be noted that the volume of investments amounted to USD 50 million.
The farm is focused on the production of BTC and ETH. The equipment itself is located in the room, as well as a business center. According to the authors of the project, it will claim the status of one of the largest terminals in the world. At the same time, in the future, in accordance with the announced plans, the number of devices will be increased to 120 thousand units.
The largest mining farm in Russia
Considering the main factors, the largest mining farms in the world are located in China, Mongolia and the USA. However, the popularization of the cryptocurrency industry, as well as steady growth, even taking into account the record drop in the rates of top coins, stimulate the development of the industry. And in this case, Russia is no exception.
In accordance with current statistics and according to data published in a number of media outlets, Bitbaza is the largest mining farm in the Russian Federation. This data center operates in the Divny industrial park (Divnogorsk, Krasnoyarsk Territory). According to available data, it is planned to invest up to 3 billion rubles in the development of the project and increase the capacity to 120 MW.
Naturally, this is not the only large complex. However, these companies are trying to not draw attention to oneself... It should be noted that in Russia the situation with equipment payback and the profitability of the entire process is much worse than in China and a number of other countries. The most attractive may be regions with cheap electricity and cold climate.
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With the advent of mining farms in the world, many successful startups have emerged. Now it is one of the most promising businesses. This method has gained immense popularity, and today many people know how to earn bitcoins correctly. They get information about the course and know about the secrets. For them, cryptocurrency is constantly profitable.
It is very interesting to see people who have achieved great success in this type of business. Let's see how many mining farms exist and how successful they are.
Naturally, in order to improve your business, you need to have competition. That is why the market starts pushing people to new ideas and increased opportunities. Exactly the same rules are active in mining. The work of the giants in this area can be overwhelming and thrilling. They do a tremendous amount of work, and their technique is impressively powerful.
A secret mining farm located in Washington DC.
Dave Carlson was able to organize the largest production, which produces a huge amount of bitcoins. The man had been a successful entrepreneur for over a decade and was well versed in software. When he was overtaken by financial problems, he learned about mining and tried to do this type of business. His first farm was set up in the basement of a house. It took him only a year to turn the basement farm into a business that could bring in millions. The firm was named MegaBigpower. If earlier the enterprise could be located in a small basement, now it has several huge storage facilities. Their location is hidden and unknown.
The question is, how did you find out about the existence of the farm, if nothing is known about its location. As it turned out, Carlson independently invited reporters to his property and showed the full power of his farm. He truly believes he has the largest and most imposing farm in the entire United States. Perhaps this is true. Because its processors are capable of delivering power in petahashes. In other words, it is a quadramillion of processes performed in one second of time. That kind of power is fantastic. In one month, the owner of a Washington farm is able to mine 12,500 bitcoins. And this, in turn, is an income of millions.
It is very interesting how much it took to create such a farm, but Carlson refused to answer this question.
Mining farm - Genesis Mining.
Previously, Genesis Mining was headquartered in China and Bosnia. But now its center has moved to Iceland. It is the country with the cheapest electricity and the best internet. And these are all the elements that are necessary to earn bitcoins. Moreover, with such opportunities, you can save money.
Cloud mining is called the heart of the company. In other words, you can earn bitcoins without expensive equipment. Most recently, the company was able to install video surveillance that works in online transmission mode. Now the development of the farm can be viewed from anywhere in the world.
Mining farm - Allied Control.
First of all, this company was created for investors from China. It was the quietest mining farm. The company's cryptocurrency is now being mined thanks to the brand new BitFury chips. The company differs from other farms with its unique cooling system, which goes through two stages through immersion in liquid. This innovation in the field of mining allowed the company to grow into the largest and most successful mining farm within Hong Kong.
Mining farm - BitFury.
Two centers have been operating from BitFury for several years. All of them are located in Tbilisi. First of all, the country attracted investors due to its favorable climate and economical prices for electricity consumption.
Mining farm - Linthal.
Rudolph opened the now popular Alpereum company in 2016. It is now the largest farm in Switzerland. The guy started mining cryptocurrency back in the 90s, but then no one treated this with significance, but now Rudolph has his own large-scale farm that extracts a huge amount of cryptocurrency.
