Cryptocurrency Mining For Dummies by Peter Kent & Tyler Bain

Author:Peter Kent & Tyler Bain
Language: eng
Format: epub, azw3
ISBN: 9781119579427
Publisher: Wiley
Published: 2019-11-14T00:00:00+00:00

Upsides

Either way — build it yourself, use a colocation service, or work with a mining-service company — these types of bulk commercial deployments allow you to install vast amounts of cryptocurrency mining equipment. The latter two have the advantage of making it easy to get set up quickly. They may already be equipped with bulk access to the power grid and adequate internal electrical infrastructure to service your mining hardware needs. In the case of colocation centers and mining-service companies, they’ll also have powerful air-conditioning equipment to cool your valuable cryptocurrency mining equipment. (Some warehouse situations may, too.) They have lightning-fast Internet connectivity as well, allowing for lower latency mining and giving you a slight edge. In other words, some of these locations can provide the entire package, everything required to hit the ground mining in a timely fashion; and in the cryptocurrency space, time is coin.

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