Cloud Mining is the technique of bitcoin mining using a remote datacenter with shared processing power. This type of cloud mining permits customers to mine bitcoins or various cryptocurrencies with out managing the hardware. The mining rigs are housed and maintained in a facility owned by mining company and the customer merely needs to register and purchase mining contracts.
Miners access new bitcoins by fixing complicated math issues, a job that requires the usage of energy-intensive computers. To produce the power needed, Greenidge Era transformed a former coal plant on the shore of Seneca Lake to a gas-fired plant in 2017. It began mining at the plant last yr, generating 44 megawatts of electricity, zencart payment gateway integration largely to produce its operation, with the surplus bought to the grid.
This research used the services of the Canadian Astronomy Data Centre, operated by the National Analysis Council of Canada with the help of the Canadian House Agency. Funding for CANFAR was provided by CANARIE through the Network Enabled Platforms Supporting Digital Organisations program. The writer thanks D. Schade, A. Grey and M. Hack for their contributions to this work.