The miner is the “money printing machine,” which continuously digs out various cryptocurrencies. These “money printing machines” must be concentrated in the mining farms. Many miners only have Mining equipments but no mining farms, so they need to be hosted in the mining farms.I will tell you the disadvantages of some miners hosting in the mining farm.
1. False report power consumption
Some unscrupulous mines have provided the convenience of falsely reporting power consumption, taking the opportunity to overstate 5% or more to charge users more electricity bills. For example, the actual power consumption of the Antminer L7 is 3425W, but some mining farms use 3500W or 3600W to calculate the power consumption.
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2. Theft and diversion
Some mining farms use power outages and other reasons to steal users’ hash rates for mining.
In addition, some mining farms may exchange a bad thing for a good thing, such as a hash board, power supply, or even complete miners. If you are a new miner, you can avoid this situation in some ways. First, before or after hosting to the mining farm, obtain the SN code of the miner (Antminer and Whatsminer called SN code and Avalon called DAN code), which is equivalent to the miner’s ID. The SN marked on the shell of the new miner is consistent with the SN of the hash board. After getting the miner’s SN can prevent the miner from being replaced.
3. Operation and maintenance capabilities
Operation and maintenance capabilities mainly reflect risk prevention, exception handling and response time.
For example, in the prevention of mining machine poisoning, high-quality mines will have a set of scientific methods and do a good job of network isolation. In this way, even if some mining machines are poisoned, with network isolation, most mining machines can be protected from being affected. The stronger the abnormal handling capability and the shorter the corresponding time, the shorter the time for the “money printing machine” to resume operation.
How to avoid these disadvantages?
1. Regulatory risks and operating risks in a mining farm
The mining farm managed the first pit. After the mining farm managed the miner, the miner was gone. How to avoid this kind of pit? It’s not complicated. When choosing a mining farm, that needs to choose has a long operating time, a good reputation, and is operated in a company. A more worry-free solution is finding a joint mining provider with a good reputation and long operating time to provide professional services in the mining process, including miner purchase, custody, operation and maintenance, and residual value processing.
2. The safety and convenience of the mining farm
When a miner chooses a mining farm, its location also needs to be paid attention to, mainly from the two dimensions of safety and convenience. Miners should try to avoid mining farms with natural disasters such as floods and landslides.
In addition, the choice of mining farms should also take into account the convenience of transportation. If it involves maintenance, loading and unloading, relocation, etc., it will affect the coinage work of the miner.
3. Electricity price and stability
Electricity costs account for the bulk of the cost of mining. Therefore, the stability of electricity has a decisive influence on the stability of the mining farm. Therefore, when choosing a mining farm, it is necessary to examine its managed electricity price and the stability of electricity.
How to avoid the pits mentioned above?
First, don’t be greedy for cheap. Second, look for a large-scale mining farm with extended operating hours, a good reputation, and lock in the custody electricity price by signing a formal agreement with it.
Regarding the stability of electricity, the stability of thermal power mining farms is better than that of hydropower mining farms. Still, the average price of thermal power is more expensive. Therefore, if there are no electric mining farm resources in the park, choose a mining farm backed by a giant hydropower station, which will have better stability.
4. Infrastructure and stability of the mining farm
The infrastructure of the mining farm includes site selection, plant, power supply system, network, temperature control, etc. Here we mainly introduce the network and temperature control.
As far as the network is concerned, the mining farm will generally choose two network operators to backup each other; on the other hand, the stability of the network is highly related to the distance between the mining farm and the network node. Generally speaking, the more remote the place, the worse the network.
High temperature is also one of the critical factors affecting the stable operation of the miner. It not only affects the power consumption of the miner, but also affects the regular operation and service life of the miner. High-quality mining farms have relatively complete cooling facilities: water curtains, hot and cold isolation panels, negative pressure fans, etc..