Bitcoin mining farm construction

Crypto mining farms need to be built in a spot that is sparsely populated, non-natural disasters, and close to the power substation.

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Mining farms in China are usually located in Sichuan, a province suffer a lot from floods. Areas where the government has a relatively tolerant policy on crypto mining should be given priority for building the crypto mining farms. Areas where the electricity charges is low should be given priority for building the crypto mining farms. The cost of power is a major part of crypto mining industry.

Chinese crypto miners even make a round trip south-north to pursue cheap electricity charges every year. The cost of miners is made up of the cost of miners as well as power supply systems. For example, The cost of the Antminer S17 including power supply system is 8,, Chinese yuan. Maintenance cost is mainly from the cost of hiring maintenance engineers.

Two maintenance engineers are necessary for a seat crypto mining farm. In China, wages of maintenance engineers are paid at 8, yuan per month at least.

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The power transformer is another large expense. The main revenue of trust mining farms comes from electricity charges. The trust mining farms resell electricity with higher charges to the miners to earn the difference. Generally speaking, the floating range of electricity charges is about 0. However, compared with building a private mining farm, trusting the miners to a public mining farm can save huge costs for miners.

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Many of these steps were laid out by the man in the video who was explaining the phases of construction of a bitcoin farm. After it was revealed that this enormous bitcoin farm existed in Rafsanjan, several Iranian media outlets reported that there was another Chinese bitcoin farm in Jolfa in northwestern Iran. However, there is no digital trace of this company.

But the address on these documents proves that the farm does exist in the region. There is no information about the size of the farm or how much energy it consumes. During this investigation, the France 24 Observers team discovered that another bitcoin farm called Mana Pardazesh Asia is also operating in Maku in northwestern Iran.

This official licensing document, registered in December , lists the names of the investors, who are all Chinese citizens. And, it turns out that a Chinese company built a power plant in the same area during the same period. There was no additional information about this new farm, except the name of an Iranian citizen who was listed as an associate of these two farms in the northwest: Mahmoud Nosrati. Our team also identified a Turkish company in the business.

This company has a website in Farsi and even wrote their name and logo on the roof of their bitcoin farm in the industrial Semnan zone. According to official records, this bitcoin farm was created in April and consumes around 18 megawatts of electricity, which is the amount typically consumed by 3, households. He recently tried to start a bitcoin farm in Iran. He says that only Chinese investors or Iranian investors with close links to the government get permission to build these farms in Iran.

The first time that I heard about Chinese bitcoin investors in Iran when there was a wave of power outages in January Before that, we had the idea that the only people who had bitcoin farms were Iranian investors who had close links with the government, who were actually commercial partners with the government or who were military. For example, I know of one farm running near Shiraz. They have their own power plant! It would be impossible for a regular person to have a bitcoin farm. You could try to register your licence, of course, but even if it is accepted then it is illegal to import the machines used to farm cryptocurrency.

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So only people who have the police, customs officers and even the Guardians of the Revolution in their pockets can import these machines on the black market and run their firm legally. I tried to get a license for months but was never able to get it. So, like many other people, I decided to run an illegal operation. They consume a lot of energy and produce limited results. In order to keep them hidden, they have to be small.

The farms that consume the most energy belong to people who have connections to people in high places and get subsidized energy. According to Tavanir, at least 1, illegal bitcoin farms were dismantled in Iran in Tavanir also promised a reward of 20 million tomans [ euros] for anyone who would provide information on these installations.

According to some experts , Iran is the third largest producer of bitcoins in the world. Some experts believe that Iran is using bitcoin as an alternative to the dollar and a way to circumnavigate economic sanctions imposed by the United States. The content you requested does not exist or is not available anymore.

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