When dealing with mining cryptocurrency, there is a vast array of server systems and network components all working together to solve complex computational math problems. These customized, high-powered servers solve math problems via a 64-digit hexadecimal number called a hash. The mining rigs used in crypto mining produce an output efficiency known as a hash rate and are measured by hashes per second. Like data centers, these cryptocurrency mining facilities require consistent, reliable power, and lots of it.
An emergency or backup diesel generator can provide power and is not weather-dependent on something like solar or wind power. When power is lost, in what is considered a building with critical power requirements, emergency power takes over. Mining rigs are made of complex computers that are running 24 hours a day, 7 days a week, 365 days a year. With computers running around the clock, the chance of a power outage derailing the mining process is high. Emergency diesel generators provide that much-needed safety net that crypto mining needs. Many crypto mining operations are even enlisting fleets of standby diesel generators to protect uptime.
Hashrates are then categorized by quantity starting with kilos, megas, gigas, teras, petas, and exas, when defined are:
With your systems making this many calculations per second, it means that mining for cryptocurrency requires massive amounts of power and custom-made, sophisticated mining rigs. There’s another catch when it comes to mining cryptocurrency, such as bitcoin. The difficulty level of the calculations required are adjusted every 2016 blocks, which equates to roughly 2 weeks with the end goal of keeping mining rates constant. While this means that you may need to compete with other miners to find the right solution first, this also means that you may need to constantly upgrade or scale your mining operations, thus increasing the required amount of energy.
While there are many premade solutions that are available off the shelf, many more advanced mining rigs are complex computers that run 24 hours a day, 7 days a week, 365 days a year.
Each mining unit also consumes a large amount of power. While meeting power needs may be one thing, there are other considerations to keep in mind.
Contact the generator experts at United Tech Power today to learn more about how we can diesel power your crypto mining operations.