What is a mining farm?

The difficulty of mining is constantly increasing. This forces miners to increase their computing power –combine devices into cryptocurrency farms, the power of which is tens of times higher than that of a home computer.

Mining farm – This is a collection of computer resources concentrated in one place to solve complex mathematical problems in the mining of cryptocurrencies.

Cryptocurrency mining includes two functions: Adding transactions to the blockchain (protection and verification) and mining of a new currency. Each time a cryptocurrency transaction is performed, the miner is responsible for ensuring the authenticity of the information and updating the block chain. The mining process itself is a competition with other miners to solve complex mathematical problems with cryptographic hash functions.

To be competitive, specialized miner hardware must have high power. Mining farms can provide this power. 

Today there are different types of mining farms: 

CPU farms (central processing unit) –a classic mining method in which currency is mined using ordinary computer processors. Now it has lost its relevance due to low efficiency. 

GPU farms (graphics processing unit) – a method in which several video cards are connected to one motherboard. The hashrate of such a farm depends on the computing power of the video cards.

FPGA Farms (Field Programmable Gate Array)equipment supporting programmable matrices. Such farms are very energy intensive and low in popularity. They are not easy to set up and are not very effective.

ASIC farms – the best option forToday. They combine devices with specialized integrated circuits configured to mine a specific currency. The level of energy efficiency and computing power of ASICs is significantly superior to home computers, and the result and profitability are determined by the number and power of ASICs.