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Dec 2, 2013

The secret Hong Kong facility that uses boiling goo to mine Bitcoins

Posted by in categories: bitcoin, economics, engineering

By Rich McCormick on

http://cdn1.sbnation.com/entry_photo_images/9508155/bitcoin9_large_verge_medium_landscape.jpg

A single bitcoin is now worth over $1,000, but the process of mining for the digital currency — in which people devote computing power to facilitate global Bitcoin transactions and secure the currency’s network — is growing increasingly expensive. Serious miners have started to build dedicated facilities for the sole purpose of Bitcoin mining. Journalist Xiaogang Cao visited one such center in Hong Kong, the “secret mining facility” of ASICMINER, reportedly located in a Kwai Chung industrial building.

The mine is the size of a shipping container, and filled with 1-meter-high glass tanks in which banks of blades are immersed in roiling liquid. Each tank can hold 92 blades; the blades themselves are kept at a temperature of 37 degrees Celsius or below by “open bath immersion” technology. Open bath immersion cools computer components by submersing them in liquid with a particularly low boiling point. The heat the components generate mining for coins boils the liquid, causing it to turn gaseous, rise up to a condenser at the top of the tank, and fall once again, removing heat from the components in the process. The ASICMINER open bath immersion system was reportedly built by Hong Kong-based company Allied Control, and operates at a Power Usage Effectiveness of 1.02, which “would make it one of the most efficient designs in the world.”

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  • Ainoa on December 4, 2013 10:35 pm

    Lol, only in China I guess! I switched to cloud-mining because I couldn’t keep up with hardware. I payed just 0.07 BTC per 1 GH/s and it mines instantly for you. I can also sell it back anytime I want because they treat GH/s like tradable stocks in real time… awesome. These guys get the point. check it out: https://cex.io/r/1/serial77/0/