A common question we are asked all the time, is "Why
would I host my server at a data center, and not at my house, or my
office?". The Short Answer: Scalability.
While it is initially cost effective to keep mining servers
in a residential or small commercial setting, the saving's quickly diminish as
the mining operation scales up. There are many costs that are often ignored
when a Bitcoin Mining operation starts up. While nearly everybody is immediately
aware of the electrical costs involved in the endeavor, hidden costs quickly
add up. These include:
Electrical Infrastructure Costs: Typical new construction
provides for a code allowable wattage consumption of 38,400 watts. This is 34
Antminer S1's or 20 CointerraTerraminers. This power figure negates electricity
needed to actually live or work at the location, and it negates cooling costs.
Installing approximately 20 x 20amp electrical outlets also costs money.
Cooling Infrastructure Costs: It will take approximately 40%
of the electrical consumption used by a miner to cool the space it is in, if
mechanical cooling is necessary. This leaves only 23,040 watts available for
actual mining power, and it also adds 40% to the cost of the net electricity
used for the operation. With the national average of $0.12 per KWh, that brings
the total to $0.16 per Kwh with cooling costs involved. Also, a net consumption
of 23 Kw will require about 6.5 additional tons of cooling. Most large houses
have about 6 tons for comfort cooling, this will mean a total of 12 tons of
cooling necessary. Installing this additional air conditioner costs money.Visit
https://www.bitcoin-cloudmining.com/
Long Term opportunity costs: With the increasing Bitcoin
Difficulty, one must take into account whether the costs of installing 20 x
20amp plugs, and 6 additional tons of air conditioner will make a good long
term investment.
When it comes to crypto currency and mining for coins, the
old adage of "time is money" holds true more than ever. This needs to
be in the forefront of your thought process when deciding how you will go about
this process. Make sure you choose a data center that will understand how
valuable your uptime is!
In the end, a true data center will have not only battery
backup, but a secondary power source, such as a generator. They'll also have
network redundancy. These are 2 more things that will prove to be valuable to
your experience.
Save yourself the worries of power consumption, electrical
consumption and the fear of downtime for your equipment. Colocate your
equipment and start earning your coins!
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