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, "The Largest Bitcoin Mining Farm in Russia" described at https://www.youtube.com/watch?v=SXzHCiUyEVg. 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

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

 Bitcoin Blockchain APIs

 Copay - Bitcoin Wallet

 Archived Tutorials

 References

 Full Version in PDF/EPUB