The cooling of submerged mining machines is something that has had its presence since 2015. The large companies in the sector will expand the mining of BTC with immersion procedures.
Cooling Bitcoin (BTC) miners by immersion in the liquid coolant is a proposal constantly resonating with the industry. The BlocksBridge consulting firm highlighted last week that it is an activity that intends to increase the profitability and speed of the machines, which keep the network alive.
According to Nishant Sharma, a BTC miner submerged in a tank with coolant could run faster and without risking overheating. During an interview with the Bloomberg agency, Sharma highlighted that each mining company is testing the technology. All large companies in the sector will be producing BTC with immersion on a large scale soon.
The businessman indicated that submerged mining could bring advantages to those who assume it over their competitors. In his opinion, the activity proposes to solve one of the complex calculations that sustain the Bitcoin system, promoting virtual features for the fastest machines.
The Path Towards Immersion-Cooled Mining has Experienced a Big Demand
David, a co-founder and chief scientist for the Texas Engineered Fluids company, said they are at the limit of their ability to cool electronic devices with air. Their business has grown 500% in the last six to seven months.
According to Bloomberg, Riot Blockchain, one of the most relevant miners in the North American country, reported in October that it was already creating the first large-scale dip-cooled Bitcoin mining farm within facilities in Texas.
Riot Blockchain, also one of the few Bitcoin-linked companies listed on the New York Stock Exchange, reported that it would place 46,000 mining machines that need about 200 megawatts of electricity in coolant. In August, the Royal Dutch Shell Plc firm presented a new immersion cooling fluid, which could help boost mining activities.
According to Tyler Page, the CEO of Cipher Mining Technologies Inc., Bitcoin mining operations consist of thousands of computers stacked on shelves surrounded by large electric fans.
For this reason, and in the face of constant criticism of the mining industry for its supposed environmental impact, immersion cooling gains increasing popularity. Although it will not reduce energy consumption, it is feasible that immersion cooling would make the company even more profitable.
Submerged Mining is an old Story
Mining Bitcoin and other cryptocurrencies by applying immersion cooling is not a new deal. In fact, since 2015, is the subject of various investigations and studies. At that time, the Green Revolution Cooling Company launched an immersion cooling technology for mining machines.
The difference is that there was talk of oil to cool the miners back then. According to that company, it was about offering an extremely flexible infrastructure, fast to implement, and easy to scale.
Oil immersion cooling differs from any other form of precision and liquid cooling. It got designed to provide easy scaling, high-density industrial cooling with minimal upfront infrastructure and the power requirements we traditionally employ.
By: Jenson Nuñez
