James RichardsBefore I start, Cryptocurrency mining is the process where specialized computers, validate blockchain transactions for a specific crypto coin and, in turn, receive a mining reward for their computational effort. Or you can simply just say that it’s the process by which new coins are entered into circulation. With adequate resources and powerful computing power, Birizon can give investors what Investopedia calls pennies from heaven, almost all crypto mining rigs are air-cooled, just like an old VW bug or boring beige computer.
Modern cars and gaming PCs have gone liquid-cooled, and for good reason, it’s cheaper and more reliable to cool with liquid than with air. Even Tesla batteries are liquid-cooled. Crypto mining is routinely criticized for being environmentally unfriendly, Bitcoin mining consumes 0.5% of all electricity used globally—that’s more than the entire population of Finland’s 5.5 million people. so we partnered with HIVE Blockchain Technologies to develop the best mining rig that uses different types of hydro cooling systems to minimize our risks.
Birizion runs a mix of commercially available mining machines that are ASIC and GPU which uses liquid cooling, a mix of both water block and immersion. This gives us increased efficiency and results, we dynamically select the coin/algorithm to mine based upon current profitability calculations. Our ASIC miner uses about 72 terawatts of power and hopefully, we will keep making upgrades as technology advances and mining difficulty decreases. ASICs (Application-Specific Integrated Circuits) can reliably run cool, maintaining a narrower and more predictable temperature range extends their longevity, while running higher sustained loads for greater efficiency. This consumes less overall power for a given hash rate and increases the overall profitability of operations. All these facilities are very expensive, Birizon makes these facilities available for quick and efficient cryptocurrency mining.
Birizon will like to answer a big question Is Cryptocurrency Mining Legal?
The legality of crypto mining depends entirely on your geographic location. The concept of Blockchain technology can threaten the dominance of fiat currencies and government control over the financial markets. For this reason, it makes Bitcoin completely illegal in certain places however cryptocurrency ownership and mining are legal in more countries than not. That’s why we strived so hard to make mining equipment available for our investors to take advantage of, So nothing to worry about Birizon is there for our investors and will always put our investors first.
