The world of Bitcoin mining is in a bit of an odd state right now, which can be partially attributed to the lower Bitcoin price. On top of that, the mining difficulty is going up again, which means existing hardware will earn you less BTC per day. If this trend keeps up, we will need to come up with additional ASIC hardware, or find a way to make current mining hardware more efficient. Making ASIC chip cooling more energy efficient would be one way to go.
BitFury – Bitcoin Infrastructure Provider
Most of our readers have an understanding of how the Bitcoin ecosystem works, and which companies are better known than others. BitFury is a name nearly everyone has heard of by now, as they are one of the leading Bitcoin infrastructure providers. Plus, they also process blockchain transactions to help secure the Bitcoin network.
That being said, BitFury is best known for their Bitcoin ASIC mining hardware, which has lead to the company focusing part of their efforts on constructing and managing datacenters for Bitcoin mining operations. Some of our readers may even know that BitFury was recently involved in the buildup of a new data center in Georgia – the country, not the state – which only took 30 days from start to finish.
Due to the expansion of BitFury’s services and products, the company has been able to establish offices all around the world. Not just in Georgia, but also in Amsterdam, Iceland and San Francisco. After all, BitFury states on their website that “the entire Bitcoin ecosystem is our client.” And the company also provides hosting services for other Bitcoin-related companies.
Earlier this year, BitFury acquired Allied Control, a company specializing in immersion cooling systems for data center applications. It goes without saying that one of the leaders in data center solutions could really benefit from proper immersion cooling of all of their hardware. This will, in turn, also help out any other companies BitFury has partnered with or provides services to.
One of the main advantages of immersion cooling comes in the form of removing the need for fan or water cooling systems. While these solutions are significantly cheaper, they are also more prone to malfunction, breakdowns and hardware maintenance. Plus, two-phase immersion thermal management will help meet the power density and energy efficient needs of high performance computing, such as Bitcoin mining.
Immersion Cooling – The Future for Bitcoin Mining?
There are quite a few drawbacks to Bitcoin mining, assuming you plan to do it from the comfort of your own home. There are electricity costs to take into account, which make mining unprofitable for many individuals around the world. Unless you have access to self-generated power, or a cheaper rate in countries such as Georgia, you will be out of luck.
On top of that, there is also the heat generation associated with running Bitcoin mining hardware. These computer chips run at very high temperatures, and without proper air circulation, you will not be able to keep them cool enough. Immersion cooling could play a key role in this area over the next few years, assuming it becomes affordable for individual users.
Allied Control’s cooling solution requires far less energy and consumes less water compared to other cooling methods available right now. And when we talk about their two-phase immersion cooling option, it will be up to 4,000 times more efficient for dissipating heat from chips, when compared to regular air-based cooling.
Source: BitFury Blog
Images courtesy of BitFury and Allied Control