Four major pain points that mining farm mining needs to breakthrough?

Four major pain points that mining farm mining needs to break through?

Mining farms are one of the signs of the industrialization of Bitcoin mining activities. Since ASIC miners became the mainstream, personal mining has gradually declined, large-scale mining has become a trend, and mining farms have become the mainstream channel for individuals to join mining activities.

Although mining farms embody the advantages of centralized hash rate mining, they also face many challenges.

1. Electricity cost

Electricity is the main cost of mining in mining farms. Many mining farms consume megawatt-hours of electricity for one hour of operation. The annual electricity bill costs hundreds of millions of dollars, including other operation and maintenance costs. As a result, miners with a high hash rate and low energy efficiency ratio make up an increasing proportion of the hash rate configuration of mining farms.

2. Miner failure and the long operation and maintenance cycle 

Among them, the more common ones are the failure of the hash board, the damage to the fan and the power supply, etc. Taking the failure of the hash board as an example, the current temperature of the miner is too high, the flux solder paste will melt, and the heat sink will fall, causing the miner to short-circuit; Another example is that the miners encounter bumps in the logistics process and impact the internal structure, which may damage the performance and service life of the miner. On the other hand, the maintenance cycle of miners is generally long, and the loss of hash rate during this empty window also increases the sunk cost of mining farms. ZEUM MINING's official website provides you with many miners' hash board repair guides, and you are welcome to use them for reference.

3. Delivery delay in the miner supply chain

Affected by the halving, many mainstream miners in the market have reached the shutdown price, and the most typical one is the Antminer S9. 

4. Unforeseen circumstances such as severe weather and geological disasters

For example, electricity bills are relatively low during the annual flood season, so miners will migrate miners to save on costs. However, in severe floods, the mining farms deployed in these areas may experience power outages or even water and gas cuts. Therefore, higher requirements are placed on mine management and construction.

The content and pictures of this article are from the Internet, compiled and edited by ZEUS MINING.