Some traditional data center providers will benefit, but this transition also has the potential to enrich a new generation of entrepreneurs emerging from within the bitcoin community.
Tips for Building Your Own Bitcoin Mining Machine
Rich Miller Jan 21, This custom piping system supports a liquid immersion cooling system powering a Bitcoin mining data center in Hong Kong. It’s one example of custom infrastructure emerging to support the global bitcoin network. Allied Control This is the first of a two-part series on the boom in Bitcoin computing infrastructure, and what it means for the data center industry.
Emmanuel Abiodun once mined for Bitcoins on a desktop computer in his home. He’s now running powerful computers in server space in Iceland, where the machines are cheap to power and cool. Later this year, Abiodun expects to have an empire of 4, bitcoin mining rigs spread across two continents, eventually filling nearly 5 megawatts of data center space. After getting started in garages and server closets, bitcoin mining is moving into data centers and the cloud. Over the past year, the computing power supporting the bitcoin network has soared, creating a powerful global network backed bypetaflops per second of computing power, roughly times the combined power of the all the supercomputers in the Top list.
Practitioners of Bitcoin mining – the term for using data-crunching computers to earn newly-issued virtually currency – are adopting more powerful hardware, pooling their efforts and seeking to slash their power bills. An Opportunity for the Data Center Industry? Large mining operations are beginning to follow the example of their forerunners in hyperscale computing, shifting compute capacity to remote areas with cheap power, including Iceland and central Washington.
But the bitcoin network may develop along several tracks, and not all of them involve traditional data centers.
Some entrepreneurs in the bitcoin community are developing custom facilities to house high-density hardware, ranging from makeshift server farms in warehouses in the Pacific Northwest to futuristic racks of sleek, liquid-cooled immersion rigs in Hong Kong.
One thing is certain: Bitcoin infrastructure will need to become more energy efficiency. Recent estimates from Blockchain. At its heart is a huge distributed computing network that verifies each transaction.