Bitcoin, the revolutionary and contentious cryptocurrency has seen its ups and downs over the years. What was initially dismissed as a “crazy idea” and a “fad” has now established its place in the market as a credible financial instrument. What’s more, even long time skeptics, financial instruments, have started to embrace the cryptocurrency.
And while this wide-scale adoption is great for the currency as a whole, it has brought with it a new range of challenges for miners. Bitcoin mining, by design, has gotten tougher over time, individuals running background apps on PCs have given way to savvy entrepreneurs with VC funding, setting up Hyperscale, multi-megawatt, facilities dedicated to mining bitcoin.
Having helped build some of the largest, most efficient bitcoin mining facilities (over 10MW), wanted to outline some key learnings in the form of this step by step guide on how to start a bitcoin mining business/ operation.