Bitcoin Mining Farm

This section describes what is Bitcoin mining farm.

If one Bitcoin miner is not fast enough, can we build a mining farm with thousands of miners attached to work together? The answer is yes.

Here is an example of The Largest Bitcoin Mining Farm in Russia. It runs 3,000 Antminer S9 together to get a performance of 42,000 TH/s. It will take about 2 days to mine a new Bitcoin block:

8 ZH / (42,000 TH /second)
= 8,000,000,000 TH / (42,000 TH /second)
= 190,476 seconds
= 3,175 minutes
= 52 hours
= 2 days

A single mining farm is still too slow. Nobody wants to wait for 2 days to confirm a Bitcoin transaction.

Below is a picture of a Bitcoin Mining Farm in Russia:

Bitcoin Mining Farm in Russia
Bitcoin Mining Farm in Russia

Last update: 2018.

Table of Contents

 About This Book

 Introduction of Bitcoin

 Bitcoin Blockchain

 Bitcoin Wallet

 Bitcoin Core

 Bitcoin Transaction

 Bitcoin-Qt - Bitcoin Core GUI

Bitcoin Mining

 What Is Bitcoin Mining

 Computation Effort of Bitcoin Mining

 Bitcoin Mining Machine - "Miner"

Bitcoin Mining Farm

 Bitcoin Mining Pool

 Is Bitcoin Mining Profitable

 Bitcoin Consensus Rules

 Bitcoin Block Data Structure

 Bitcoin Transaction Data Structure

 blockexplorer.com API

 Copay - Bitcoin Wallet

 References

 PDF Printing Version