Hello everyone, I am Cuihua, the editor of POWPOWER. POWPOWER has been focusing on the mining neighborhood for 4 years. I am the official distributor of IPollo and have established long-term partnerships with Bitmain, Avalon, Jas miner, inno, Whatsminer and Goldshell.
Bitcoin farms, i.e. places where cryptocurrencies are mined on a large scale.
Bitcoin farm prices can range from $1,000 to tens of millions of dollars. Therefore, the more equipment you buy, the cheaper a product will be. This means that returns will be much faster. On average, a dedicated ASIC-miner costs around $2000-4000, and returns vary from 3 to 12 months, depending on many factors.
The largest of these are as follows:
Dalian Mining Farm – located in Dalian, China. It is one of the largest Bitcoin mining centers in China. The computing power of the entire server farm is 360,000 TH. This enables you to mine 750 bitcoins per month
Bitfury – It is the oldest cryptocurrency farm established in 2011. It is based in Amsterdam and its founder Valety Vavilov is passionate about cryptocurrencies and actively involved in the implementation of blockchain technology in the financial system.
Genesis Mining – The company has been operating since 2013 and is primarily focused on the rental of computing power. This means that Genesis allows users to purchase computing power lease contracts, allowing them to mine altcoins in the cloud. This makes the beginning of mining cryptocurrencies affordable for everyone. The company was originally based in Chinacz and Bosnia, but has now moved to Iceland and Canada.
Bitman/Antpool – The farm was launched in 2013 by Jihan Wu and Micree Zhan. After 2017, due to the downturn in the cryptocurrency market, there was a lot of information that the company was having financial problems, but the company was still operating and did not appear to be underperforming. In addition, Bitman also produces one of the most popular cryptocurrency miners – AntMiner. Despite reports that mining cryptocurrencies is less profitable, the company made $4 billion in 2017.
GigaWatt – is a farm established by Dave Carlson in Washington in 2012. Over the years, thanks to Carlson’s consistent efforts, the company started out as MegaBigPower and has grown to become the largest bitcoin mining farm in the United States. GigaWatt has also started selling its own mining equipment.