Cryptocurrency Mining Colocation
Cryptocurrency Mining Colocation for Professionals
The mining of cryptocurrency such as LiteCoin, BitCoin, and Ethereum, can certainly be an interesting opportunity to gain financially these days. The previous generation raved about retirement and this generation is all over earning and investing on cryptocurrencies.
The investment you put into the mining rig can only be fruitful if you maintain certain conditions and atmosphere that would help best to mine any of these cryptocurrency. Mining Colocation can ensure that this condition is met with the most efficiency. It allows you to create multiple cryptocurrency at quantities that you require.
When building a mining rig, you would have to take into account its level of performance, the space needed, electricity it would consume, and the cooling process. While not all these criteria affect every cryptocurrency you intend to mine, you would need to consider them all when investing on a mining rig that is to handle multiple digital currencies.
In order to balance out all operating costs and maintenance expenses, and still ensure that you profit from this investment, you will need to handle mining machine care and servicing, and also ensure that the environment the machine is around is optimal for cryptocurrency mining.
Mining colocation services should be compared before you pick the one right for you. You would need to find someone that would optimize all the mining costs you incur. It would help to use those that bill you for the real power you need to consume, and with the capability to provide individualized solutions to mining the different cryptocurrency. It would also work best when maintained at a temperature of 22 degrees, and if the company offers good deals like free installation and have years of experience.
Mining With Graphic Cards or GPU Mining
Mining by Graphic Cards is very famous because it is versatile enough to mine almost every cryptocurrency out there. The most popular digital currencies that can be made by this mode of mining are Zcash, Ethereum, and SiaCoin.
Mining rigs that require the graphic cards tend to require more space, so individual components can be kept in open frames that allow for better air circulation. This ensures that the machinery stays cool and doesn’t overheat. While these solutions with graphic cards are creative on the eyes, one tends to need about 6 graphic cards to connect to one motherboard. This does make them bulky.
Mining with KNC Titan Miner
These miners were exclusively used for cryptocurrency mining. While KNC Antminers are out of commission today, they used to be operated to mine two kinds of currencies when they were in use. SHA256 Algorithm was frequently used to mine BitCoin and the SCRYPT algorithm was often used to mine LiteCoin. This type of mining equipment tended to be left open with no cover, so their individual parts could be easily accessed without much dismantling being needed.
Cryptocurrency Mining with Antminer Mining
This type of cryptocurrency mining uses special ASIC chips to mine the coins. This is certainly considered professional and industrial. These devices are known for their superior performance and easy use. They certainly provide excellent results that are accepted in the industry.
However, this mode of mining doesn’t work universally on all currencies. Each cryptocurrency needs to have a specific Antminer model to be mined with. Different models are equipped with specific algorithms that cater to that exact type of cryptocurrency.
For instance, the Antminer D3 can only be used to create DigitalCash and SyncCoin with the include X11 algorithm. The Antminer S9 or T9 can only mine currencies like BitCoing and BitCoin cash,that use the SHA256 algorithm. The Antminer L3+ works with currencies that use the SCRYPT algorithm like LiteCoin, 42 Coin, Dogecoin, Syscoin, or Einsteinium. Therefore, you would need different Antminer units to mine different cryptocurrencies.