News

Biggest Bitcoin Farm is Being Built in Kazakhstan

Biggest Bitcoin Farm is Being Built in Kazakhstan

Mining facility operator Enegix will be building one of the biggest Bitcoin (BTC) mining farms in the world in Kazakhstan, according to a CoinDesk report published on August 21.

  • Enegix will open a 180 megawatt data center for mining pools in September 2020
  • The farm will be located in the city of Ekibastuz and can accommodate up to 50,000 mining rigs
  • If only top of the line mining hardware were used for the full setup i.e. Bitmain's AntMiner S19 series or MicroBT’s WhatsMiner M30, that would give the farm about 4% of Bitcoin’s hashrate
  • Construction has cost $23 million, but will benefit the local economy, including by hiring up to 160 people in various roles
  • Kazakhstan has been implementing crypto-friendly regulations in a bid to attract investment and businesses
  • The country is ranked 4th in terms of hashrate distribution with 6.17% of the network, according to the University of Cambridge

How do you rate this article?

35



News
News

Official Publish0x Crypto News Channel

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?