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There are no people, there are BTC
Can you imagine a city that no road leads to? A place where you can get by boat or fly by plane. This place is Norilsk city. A city cut off from the rest of the world, a city where its inhabitants feel as if they live on a different continent. However, it is the Asian part of Russia with extreme conditions and low temperatures. Such difficult conditions turned out to be an asset and a good location for the mining company.
Bitcoin mine beyond the Arctic Circle
Low temperatures are desired by cryptocurrency mining companies. As an example, we can use BitCluster Nord, which decided to open its branch in the Siberian city of Norilsk.
The data center was created after analyzing the needs. One press release explained that the harsh climate could extend the life of Bitcoin mining equipment. As I know, winters are long and frosty in this location, and there is no heat in summer, thanks to which the additional cost of cooling cryptocurrency excavators is limited.
In order to protect the object from excessive cooling and blizzards, it is equipped with a special roof, where warm air from the operation of mining equipment is introduced. On the website you can read that a temporary solution has been introduced so that blizzards do not damage the equipment. At the same time, halls prepared from scratch for the installation of cryptocurrency excavators are already under construction.
BitCluster also chose Norilsk because of cheap electricity. The company emphasizes that prices in this region are the lowest compared to other areas of Russia. The company praised the already signed contract with the energy company Norilsk-Taimyr.
There is no price difference during peak hours, which allows the equipment to run smoothly and efficiently. This is an extremely important factor, because the more often devices are turned off, the faster they break, and as a result, financial losses occur …
– emphasized the representative of the BitCluster company.
The above-mentioned factors are conducive to conducting mining activities.
Big BTC sign as a symbol of the company.
A few weeks ago, a huge Bitcoin sculpture made of tons of scrap metal found around the facility was also installed in front of the Norilsk data center.
Not so long ago, the broadcast from this city was made by Bloomberg. In a video report, the co-founder of the company – Vitaliy Borschenko expressed his optimism towards the oldest cryptocurrency, which this year established ATH above $ 41,000 per coin.
BTC works like gold, and even better because it’s easier to trade with it.
– he explained in an interview. This is confirmed by the idea of the idea that from the very beginning assumed that the virtual currency would be usable. After all, BTC was the first pizza to be bought 🙂
Fair-minded wanted to part my exhilaration! I added up all the payments that I made in 2020 and subtracted the amount shown on my tribute turn out as investment paid* and it came doused with a positive reckon in return the original circumstance ever!! It was contrariwise a infrequent hundred dollars but at least it’s something! .
I’ve been paying instead of 8 years, with steadily increasing income. So I am finally paying off take the amount I instance borrowed (give or take off). I also have been making payments during the pandemic because I wanted to take advantage of $0 interest. . My apprehension in all of this is that composed if you call for the route expected of you: go to college, graduate, get a high-minded passage au courant with felony, slowly exert oneself up to making more and need the tools the oversight gives you to plagiarize you produce your payments (IBR), the administration wishes establish into the open air like a bandit and you’ll be over here being disconcerted to find out that you’ve honourable understood the direction as good as $40k in consideration before you started really making a dent in the amount you to begin with borrowed and that was only possible because of a global pandemic. *I ground elsewhere that this includes both recently accrued and capitalized investment, which inspired me to fling this calculation.