Head Topics

Bitcoin miners look to coolant tanks to make computers work faster

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

South Africa Headlines News

Bitcoin mining operations are made up of thousands of computers stacked on shelves in warehouses surrounded by huge fans

Immersion-cooled miners can run faster without overheating. Picture: BLOOMBERG.

The immersed equipment runs faster without overheating. In a business where every nanosecond of advantage counts, every major miner is piloting the technology right now, according to Nishant Sharma, founder of mining consultant BlocksBridge. The trend illustrates the lengths crypto-mining companies will go to gain advantage over their competitors. Their fortunes rise and fall on being the first to solve complex calculations that underpin the bitcoin system, spurring a virtual arms race for the fastest machines.

. Electricity can account for about 80% of a miner’s operating cost, according to Tyler Page, the CEO of Cipher Mining Technologies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Icasa issues temporary spectrum licences to six companiesIcasa has awarded temporary spectrum licences to six companies to continue delivering faster connectivity to customers. Why the cloak and dagger and such lengthy delays?
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Icasa issues temporary spectrum licences to six companiesIcasa has awarded temporary spectrum licences to six companies to continue delivering faster connectivity to customers.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Canadian gold miner B2Gold considers buying assets in ZimbabweCEO Clive Johnson says the Vancouver-based company has held talks in Zimbabwe on acquiring gold assets and may enter joint ventures
Source: BDliveSA - 🏆 12. / 63 Read more »

IMF warns El Salvador against using bitcoin as official currencyEl Salvador, which has used the US dollar for two decades, became the first country in the world in September to legalise bitcoin as legal tender.
Source: eNCA - 🏆 49. / 51 Read more »

Crypto goes on special for Black FridayIf you bought Bitcoin with the money that you would have spent on a new iPhone 8 in 2017, you’d be able to buy 92 new iPhone 13s today.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Bitcoin hits all-time high — but it’s not too late or expensive to investSPONSORED | Should you get in on the bitcoin action? Fred Razak, chief trading strategist at CMTrading_FX, answers some FAQs about the cryptocurrency.
Source: TimesLIVE - 🏆 28. / 59 Read more »