Finding your new crypto-mining location, quickly.
The United States has now become the second biggest hub for crypto mining. Whether you're an investor, broker, or someone seeking general knowledge on how to find a location for your crypto mining space, hopefully this blog can save you hours and hours of competitive searching.
Location, Location, Location...
You're going to need a broker who's familiar with the major crypto hubs. Determine the most important aspects to your location, whether thats energy costs, maximum energy consumption, how quickly you need to set up shop, and how long you'll be leasing the space to.
Let's break it down so you know the lingo fundamentals.
Nodes: A node is a computer that connects to a cryptic network by supporting the network, relaying transactions, and validating/hosting a copy of the blockchain.
Time stamping: Cryptocurrencies are constantly using timestamps to prove transaction validity, thus removing the need for a third-party.
Some miners pool their resources and share processing power over a network to split the reward equally. A "share" is awarded to members of the mining pool who present a valid partial proof-of-work.
A brief Snapshot
It's not news that crypto mining was halted by the Chinese Government, which resulted in a flourish of miners to Canada. One company is operating data centers for mining operations at Canadian oil and gas field sites, due to low gas prices. In 2018, Quebec proposed an allocation of 500 MW to the provincial government for crypto mining. On the contrary, upstate New York put an 18-month memorandum on all cryptocurrency mining in an effort to preserve natural resources.
Finding your Space
We've compiled some of the best locations for crypto mining in the United States. Send our team, Shenker by SERHANT. an email at jade@SERHANT.com for any questions or assistance.