Today we can find large bitcoin mining farms all over the world, which caused the price of graphics cards to skyrocket. Therefore, today a strong investment is needed to enter the bitcoin mining market. Instead, at the beginning, all that was needed was a PC connected to the network to be able to mine bitcoins. All this that we are talking about is what is popularly known as proof of work (PoW), and what it does is that by performing complex mathematical operations and solving them you can get bitcoins as a reward.
We must also bear in mind that bitcoin mining requires a lot of energy, the energy cost is very high since many machines connected 24 hours a day to
the network are needed to be able to get a few bitcoins.
Another thing to keep in mind when you have to choose a location for your mining farm is the climate issue, because if we put it in a place where the temperature is very low, we need less cooling power for our machines.
Could you tell me which is the largest or one of the largest bitcoin farms on the planet and where it is located? And, what is its annual production of bitcoins approximately?
We must also bear in mind that bitcoin mining requires a lot of energy, the energy cost is very high since many machines connected 24 hours a day to
the network are needed to be able to get a few bitcoins.
Another thing to keep in mind when you have to choose a location for your mining farm is the climate issue, because if we put it in a place where the temperature is very low, we need less cooling power for our machines.
Could you tell me which is the largest or one of the largest bitcoin farms on the planet and where it is located? And, what is its annual production of bitcoins approximately?
