{"id":9210,"date":"2013-12-02T22:15:35","date_gmt":"2013-12-03T06:15:35","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/?p=9210"},"modified":"2017-06-04T12:12:50","modified_gmt":"2017-06-04T19:12:50","slug":"the-secret-hong-kong-facility-that-uses-boiling-goo-to-mine-bitcoins","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2013\/12\/the-secret-hong-kong-facility-that-uses-boiling-goo-to-mine-bitcoins","title":{"rendered":"The secret Hong Kong facility that uses boiling goo to mine Bitcoins"},"content":{"rendered":"

By Rich McCormick<\/a> on

<\/p>\n

A single bitcoin<\/a> is now worth over $1,000<\/a>, but the process of mining for the digital currency<\/a> \u2014 in which people devote computing power to facilitate global Bitcoin transactions and secure the currency\u2019s network \u2014 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<\/a> in Hong Kong, the \u201csecret mining facility\u201d of ASICMINER, reportedly located<\/a> in a Kwai Chung industrial building.<\/p>\n

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 \u201copen bath immersion\u201d 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<\/a>, and operates at a Power Usage Effectiveness of 1.02, which \u201cwould make it one of the most efficient designs in the world.\u201d<\/p>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Rich McCormick on December 2, 2013 A single bitcoin is now worth over $1,000, but the process of mining for the digital currency \u2014 in which people devote computing power to facilitate global Bitcoin transactions and secure the currency\u2019s network \u2014 is growing increasingly expensive. Serious miners have started to build dedicated facilities for [\u2026]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,39,38],"tags":[],"class_list":["post-9210","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-economics","category-engineering"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=9210"}],"version-history":[{"count":2,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9210\/revisions"}],"predecessor-version":[{"id":65109,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9210\/revisions\/65109"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=9210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=9210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=9210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}