Spil more money flows into the Bitcoin mining sector, fresh companies are emerging to provide managed services for large-scale mining operations. Thesis service providers need gegevens center space to deploy their clients’ equipment.
An example of this trend is Rocky Mountain Miners, a fresh company specializing te Bitcoin hosting, which is leasing space with IT infrastructure provider Latisys. Under a multi-year agreement, Rocky Mountain Miners will colocate a portion of its high-density Bitcoin mining operations te the Latisys DEN2 gegevens center te Centennial, Colorado.
Rocky Mountain Miners (RMM) provides tailored solutions and consulting for customers doing large-scale cryptocurrency mining. Spil the Bitcoin sector attracts fresh players, providers like RMM can streamline their market entry by installing and configuring mining hardware, which can be a tricky task. There’s bot an arms wedren te Bitcoin mining hardware overheen the past year, with a flurry of fresh entrants suggesting more powerful mining equipments.
“There have bot a lotsbestemming of switches ter this business,” said John Logan Jones, the CEO of Rocky Mountain Miners. “Wij’ve learned a loterijlot about this equipment and how to get the most out of the hardware.”
More uptime means more profit
When he looked for hosting infrastructure, Jones considered many options. “Wij were looking at opening our own space,” he said. “Wij concluded that for the amount of money wij needed to invest, it made more sense to go with Latisys. Their cutting edge, reliable infrastructure enables us to concentrate on the installation, monitoring and maintenance of our customers’ hardware, ensuring maximum hashrates, uptime and profits.”
RMM began out building custom-built mining hardware for Litecoin, one of the many “AltCoin” cryptocurrencies adapted from the original Bitcoin code. “It wasgoed a hobby that turned into a business,” said Jones, a former Air Force cryptographer. “Wij commenced out building systems for individuals, but are now focused on large-scale mining. Now wij’re a service provider to the mining industry and one of the very first mining services companies.”
From its inception, Rocky Mountain Miners has focused on making mining equipment effortless to use. Bitcoin and other major cryptocurrencies are mined by custom-built hardware, often powered by Application Specific Integrated Circuits (ASICs). Many early ASICs were manufactured ter China, with other leading vendors based te Sweden, Ukraine and Israel, spil well spil the U.S. Configuring drivers and software can be difficult, spil popular management software (including cgminer, BFGMiner and cpuminer) has bot forked to create versions that support fresh hardware, often with limited GUI support.
Albeit mining hardware can be managed using Windows computers, most large-scale operators use low-power controllers like the Raspberry Pi. With limited documentation for hardware and software, trouble-shooting often takes place on industry forums like BitcoinTalk or Reddit.
Density drives Bitcoin hosting
That’s why Jones sees an chance ter managed hosting and consulting for miners. This treatment requires a toneelpodium, which is where Latisys comes ter. A key requirement ter a Bitcoin mining gegevens center is high density, spil racks of mining equipments can run at 20 kilowatts and higher. The 87,000-square-foot DEN2 facility, built te 2012, wasgoed designed to support higher explosions.
“The hosted Bitcoin solution is a superb example of why ultra-high-density infrastructure is the key consideration for optimizing a multitude of hosting and hybrid IT infrastructure solutions – particularly those that require massive parallel processing and scale,” said Pete Stevenson, CEO of Latisys.
RMM has already developed liquid-cooled equipments and sees that spil part of its future roadmap. “Spil wij grow our operation, chances are wij’ll have to go to glycol cooling,” said Jones.
Te latest months Bitcoin mining has become a spel for large players with lots of financial strength, making it almost unlikely for solo miners to rival. Jones is coaxed that the cryptocurrency world has slew of slagroom for innovation and says smaller players can proceed to find niches. That’s especially true, he said, te the world of AltCoins, where fresh entries are building distributed storage and other services atop the core blockchain technology that powers cryptocurrencies.
“Bitcoin hashing is very significant, but there will be different kleuter of services that require different infrastructures,” he said.
This rack of Bitcoin mining equipment will run at 20 kW te a Latisys gegevens center. (Pic: Rocky Mountain Miners)
Visit the dedicated Bitcoin gegevens center market section on Gegevens Center Skill for more coverage of this space.