Immersion Cooling Gets Attention From Miners Wanting to Squeeze More Power Out of Equipment
Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternativ...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternative will become mainstream in the future, as leading companies are already taking advantage and retrofitting these cooling devices to existing mining operations.
Immersion Cooling Getting Attention From MinersMiners are experimenting with an alternative and lesser employed method for maintaining their equipment, called immersion cooling. This cooling process involves submerging already existing mining machines into tanks with a liquid substance that allows heat to be dissipated faster from the mining rigs. This has advantages over air cooling: diminished maintenance times due to less dirt clogging the machines, and better performance.
This process in which miners configure these machines to work over their default specs is known as overclocking, and one of the main concerns about doing it is that it generates more heat, which serves to shorten the life of the equipment in the long run. However, with the new method, this downside is mitigated. Nishant Sharma, founder of Blocksbridge, a mining consulting company, declared:
It looks like a fish tank with machines inside it. Sooner or later, all big miners will be doing large-scale immersion mining.
Big Mining Companies Already Stepping Into the WaterWhile this new cooling method is still far from being mainstream, some big companies are already planning to introduce it to large-scale mining operations. This is the case with Riot Blockchain, a Nasdaq-listed Bitcoin mining company with a valuation of more than $4 billion, that announced in October its next mining operation in Texas will dedicate 200MW (half of its available power) to mining operations that feature immersion cooling.
The firm stated:
Immersion-cooling technology has never been previously deployed in Bitcoin mining at this scale, to the Company’s knowledge.
46,000 ASIC miners will be positioned in two buildings designed to integrate tanks for cooling the rigs. This recent trend has already started to affect other markets. The demand for the coolant liquid that is used for these applications has grown enormously. David Sundin, co-founder and chief scientist at Texas company Engineered Fluids, stated:
Our business has increased 500% in the last six or seven months. It’s just gone through the roof.
What do you think about the rising popularity of immersion cooling for mining operations? Tell us in the comments section below.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Bitcoin’s $84K rally isn’t saving miners as difficulty signals already flash caution
Bitcoin’s post-retarget relief for miners was real, but narrow. Using a BTC price of $84,751, the completed difficulty increase an...
A Bitcoin Lightning flaw could send a node’s entire balance straight to miners
A flaw in Bitcoin Lightning software Eclair could let malicious peers wipe out a node’s local channel balance through fees. ACINQ...
EU staking review threatens crypto yields and network security could pay the price
Some of the most consequential financial rules begin with surprisingly little text. For example, on page 36 of the European Commis...
Central Bank of Russia says crypto market could begin legal operations by year-end
Russia's crypto market legalization could enhance financial innovation but may face regulatory challenges impacting global crypto...
Will proposed faster block times really fix Ethereum’s biggest market losses?
Ethereum developers are weighing Ethereum Quick Slots for Hegotá, a proposed faster block rhythm that would reduce waiting without...
Venezuelan delegation led by interim president Rodriguez discusses energy, debt, and mining in US
The US-Venezuela talks could reshape global energy and mineral supply chains, impacting geopolitical alliances and economic depend...