Bitcoin Mining Impacts Data Centers Substantially

The Impact of Bitcoin Mining on Data Centers

It took almost a decade of mining, but the financial community finally accepted the Bitcoin transaction protocol. Investors recognized it as more than a financial instrument. They see how a fundamental blockchain can streamline operations. Applications for crypto technologies are being explored by industries as far-reaching as supply chains, healthcare, and government voting practices. Broad applications allow bitcoin to flourish in places like the United States; even amidst proposed regulatory constraints.

Bitcoin is here. People are being paid in bitcoin and consumers can use it to purchase goods. It has its own ATMs. Bitcoin is being looked into in places where fiat currencies are devalued, not just by residents, but also by governing agencies like Zimbabwe and India. Bitcoin is more than a backup currency. Economic powerhouse countries like Japan have already legalized bitcoin and look to make it a dominant part of the financial system.

People are becoming more aware of cryptocurrencies. Mining, once represented by coal miners, has worked its way back into everyday vocabulary as tech talk. Demand for data mining equipment continues to rise. Some claim that, one day, mining bitcoins will take up more than 1% of the world’s power. This emphasizes how much of a crucial role data centers and graphics cards play in the success of bitcoin.

Mining cryptocurrencies require solving complex mathematical problems. Cooling is one of the biggest issues in maintaining a large data center of these specialty miners. ASICMiner is specialty hardware capable of these algorithmic computations. It uses 3M’s Novec liquid to innovate a cooling solution.

The importance that companies, like Green Revolution Cooling, lead and innovate mining operations cannot be over emphasized. Power consumption is expected to grow as more people become aware of cryptocurrencies. Already being compared to supercomputer operations, data (mining) centers require 1 to 5 megawatts of power. Some liquid technologies claim to cool 92 blades with a single tank.

Bitcoin operations can become massive. The technology needed to operate its data centers exist, but bitcoin challenges hardware innovation. These are exciting times for the tech industry and the world.