MINING FARMS

What are Mining Farms?

Mining farms are the big farms where myriad number of computers(miners) mine cryptocurrencies and generate new transactions in the crypto world.

Some of the largest mining farms I came to know about are-

1. Whinstone US- It was north America’s largest bitcoin mining farm based in Rockdale, Taxes. It was founded in 2000. It has 750mw power capacity but currently is using 300mw of energy. In May 2021 this company is being acquired by riot blockchain, a US company. Its CEO is Jason les. Currently its hash rate is 3 hashes/sec and uses 91mw of energy. It’s like riot is the holding company and Whinstone us is the subsidiary company.

2. Enigma mine- It is a largest Ethereum mine which now has started mining more cryptocurrencies like Zcash, dash, Monero, etc. it works with the help of genesis mining- a cloud mining company. A cloud mining company provide cloud mining services in which cryptos are mined using rented cloud computing power and without installing hardware and software. Enigma mine generates more than 43 hashes/sec. it also generates 1.800 BTC/day.

3. Bit river- It was founded in 2017 by Igor Runets in Russia. its headquarters are in Zug, Switzerland. This location was chosen because of very cold temperature and low electricity prices. It is the main criteria for choosing mining hubs. It produces 20btc/day. Hash rate is 38hashes/sec. Power consumption is 4500mw.