Bitcoin Price Hit Record High by Year 2021

Have you heard the news? In case you’ve been living under a proverbial or even literal rock in the most recent times, we’ll share it with you. In the last 2 months, Bitcoin has seen growth to record highs. In November, it was reported that Bitcoin hit an all-time high of just under US$20,000. This was the highest value it had recorded since 2017. But if Bitcoin owners weren’t already smiling, then they definitely would have loved their Christmas gift. It’s now being reported that on Christmas day, Bitcoin surpassed its US$20,000 peak to reach a new record high of US$24,661. Yes, you read that correctly, US$24,661, almost US$25,000. “Merry Bitmas” to them!

It’s no secret that with Bitcoin reaching record levels, bitcoin mining will continue to explode and see massive growth. More and more companies will be looking to create mining facilities. Over the years, Bitcoin mining has quickly cemented its position as a lucrative business, with the global mining industry generating $5.4 billion in revenue in 2019. Bitcoins are mined or created by people around the world who try to solve the same mathematical puzzle using computers. About every 10 minutes, someone solves a puzzle and is rewarded with some Bitcoins. Once the puzzle is solved, a new puzzle is generated, and the whole process starts again. Bitcoin mining takes place in what is referred to as Bitcoin mining farms. A mining farm is a location, usually a large space, housing several computers dedicated to mining one or more cryptocurrencies. Bitcoin mining centers are essentially hardware data centers dedicated solely to mining Bitcoins. In case you plan to join the Bitcoin mining industry you need to think about what you will need.

Computers and hardware used for cryptocurrency mining consume a lot of energy. Air conditioning or proper ventilation is needed to prevent them from overheating. It is important to understand that cryptocurrency miners are responsible for releasing a significant amount of heat. In a building full of miners, the air must be changed every 10 seconds. Therefore, industrial exhaust fans should be positioned near each of the miners. While you may not need to have an air conditioning unit inside of your mining facility, you need to consider how you’re going to deal with the high heat output, especially as you start to add more and more mining hardware. With so many commercial exhaust fans on the market, you want to ensure that you choose the best investment for your business.

At Minxin Industrial, we work with operators to help solve their complex ventilation problems. We can help you meet these cooling requirements by creating bitcoin mining ventilation solutions that maintain steady airflow, temperature, and humidity within your bitcoin mining farm. We design quality exhaust fans, air coolers, and conditioning systems specific to your location and ventilation needs that will maintain the cooling requirements of your farm while also protecting your valuable equipment.

Minxin Industrial delivers the world’s top organizations the ventilation exhaust fans and cooling system they need. We can’t wait to work with you as you become a part of the booming Bitcoin mining industry. Check out our solutions at  exhaustfanchina.com/bitcoin-mining-farm-ventilation/