As we were talking in the previous post, today we will go over a few important things in the Crypto Mining World. What mining means, how it’s done and some of the few things you would need to build one ( even though we recommend buying a new one already built by professionals ).
So let’s get started with what really mining means? Bitcoin and all other crypto currency mining, is the process of creating new digital “coins” or part of a “coin”, done by verifying the transactions in the Bitcoin or Ethereum networks. This offers you, the miner, a part or a percentage of that transaction, being an incentive for those who process the transactions on the decentralized network. All the transactions are encrypted with strong equations to protect the crypto currency from even being stolen, making them the most secure form of currency in the entire history. Because of the complex nature of the equations, the mining devices have to solve mathematical problems, in other terms “hashing”.
Getting now to the most important part, having a container and turn it into a mining container, makes it more valuable, since it is not bound to any location, you can move it at your convenience, make it off grid and independent as much as possible. Creating a mobile data center, strong enough to withstand weather, be versatile and in the same time, offer the best solution for a decentralized network like the Blockchain. Now if you want to start investing in this, it would be the next thing after Bitcoin and stock market, because on the short term doesn’t look like anything crazy but, if you look in the future 10-20 years from now, one of your pods could be worth 5 figures make you even more, if we’re to embrace that crypto currency is the future. So you should think about either buying one or making one. Since not everyone is tech savvy, buying would be more convenient. Do the call around, see what different manufacturers offer and be prepared to compare all their offers. The best manufacturers are hard to get, because they are most of the time busy making the mining containers but if you are patient enough, you can get in the queue, and they would even come and install the unit and all systems included for you.
To design the right datacenter in one of these pods, it takes lots of knowledge and patience. A crypto mining rig is essentially a computer with quite a bit of hash power. It has a motherboard, RAM memory and storage, not quite as a regular PC but close to one. Now think about how many of these rigs you can fit in one container, with enough power supply, cooling system and hardware to make them all work in the same time, to increase it’s power. Most of the time the mining equipment, tends to run at pretty high temperatures, so you need to design a good airflow as well as the power efficiency. You need to add a router and of course internet connection, which implies some of the best firewalls and network security that you could find.
To buy a new Cryptocurrency Mining Shipping Container you would need to pull out of your pocket at least $30,000.00 and this is just the starting price. With a lot of other options and extras you can add, it can go up to $55,000.00 easy, if you include another air filter for the cooling system, LAN Setup, Intelligent PDU’s, Video Surveillance, Access Control System, and of course Intelligent Temperature monitoring.
So with all these said, it can either be a game changer in your life if you buy one and start mining, or it can be a game changer if you make one for yourself and help the decentralized blockchain for the future transactions or it can be a really good startup idea, so you can start making pods for others, and earn money that way. Either way , cryptocurrency is the future, we hope to see the day we don’t be needing fiat currency anymore and every person will have a wallet full of cryptocurrency that can earn and use them for the benefit of the entire human kind.
