Crypto is the hottest talking point among people, regardless of how rich or poor they may be. Most people see it as a potential alternative currency for the future.
Given that some top influencers have shown their interest in cryptocurrency, it’s understandable why it’s an exciting issue globally. It’s quite a fresh market, so more people continue to join the bandwagon with an uncertain yet promising future.
Even when it attracts a global audience, cryptocurrency mining works on an unmanned, automated system featuring sophisticated computing. Since it uses powerful computing for mining, it needs an uninterrupted power supply. Now, it’s easy to understand why backup generators are essential for crypto mining.
With continuous growth in the crypto industry, the need for generators will also increase substantially. So, in this post, we will explore the essentials of buying and setting up a backup generator for crypto mining.
A Word on Crypto Mining
Crypto mining involves an array of computers which are called miners. These computers keep the blockchain data in check, and it’s a tedious process requiring powerful computing. Given that mining needs continuous power, it’s not everyone’s cup of tea.
On the other hand, China is the leading crypto-mining country for Bitcoin because it produces cheap electricity.
Some cryptocurrencies require lesser computing power, so they are easy on electricity too. So, if you’re mining in the US, they can be the ideal choice.
Crypto Mining Equipment
Crypto mining equipment features a set of sophisticated devices that run all day throughout the year. So, this equipment has a hash per second per watt power rating where each unit consumes considerable power, releasing heat along the way.
To keep the systems cool, the equipment requires cooling units, just like in the data centers. These computers generally belong to one of the following types:
The Need of Generators for Crypto Mining
It’s pretty simple to understand why backup generators are essential for crypto mining. Just like in data centers, you cannot afford a glitch in the power supply. So, it’s necessary to plan for the right generator option given the power requirements, location, and operating time.
Why is Clean Energy Not Enough for Crypto Mining
You might be wondering why not use solar and wind energy for this purpose. While the idea has weightage, we cannot rely on natural resources because:
- Solar energy fails during cloudy and rainy weather.
- Wind energy requires a constant wind pressure to drive enough power for the crypto equipment.
Ultimately, a backup generator will be inevitable for a smooth crypto-mining experience. With regular maintenance, generators can be a more reliable source because they are not weather dependent and can work readily with automatic switching.
Benefits of Backup Generators for Crypto Mining
Backup generators can provide critical support for crypto mining. Here are a few benefits:
- Generators reduce the need for grid support
- They can switch ON automatically, ensuring uninterrupted supply
- They can work with a variety of fuels, making them a feasible option for any location
Points to Consider While Selecting a Generator for Crypto Mining
When choosing a generator for crypto mining, keep in mind the following parameters to make the best choice.
Calculate Your Power Needs
The primary equipment for crypto mining involves GPUs. They are the main predators that will eke considerable power during an uninterrupted operation. Along with the GPUs, the cooling equipment, lights, and internet devices are the other power-consuming units at a typical crypto mine.
So, your journey should start with a comprehensive analysis of power requirements. Typically, GPUs need a 1000 Watt power supply for efficient performance. Since there will be many of them working together, you can quickly figure out the power needs.
Similarly, consider lights, cooling fans or air conditioning, and additional power outlets for emergency needs.
Knowing the power requirements will also affect the generator size, so it’s better to opt for professional power analysis services.
Generators come with multiple fuel options. So, depending on your location, you will pick the fuel type accordingly. Generally, Gasoline and Diesel generators are more common because these fuels are available abundantly in most places.
On the other hand, there are Natural Gas and Hybrid fuel options too. A Hybrid generator can be a great choice because you can then avoid fuel scarcity problems as well.
Generators for crypto mining have an additional job at hand as compared to generators elsewhere. Because crypto mining requires a non-stop operation, you cannot afford a second’s worth of delay. Therefore, the generator must be quick to switch ON and stay available for long-hour operations.
Even though you will need an additional ATS panel for continuous supply, having a long-running generator will be essential for your crypto farm.
Place of Installation
Crypto equipment needs a place with considerable ventilation, which means that the area where you install the equipment becomes very crucial. Even though installing cooling equipment will help, providing natural ventilation will keep the machines cooler and reduce the workload on the electrical coolers.
Eventually, it will also help in reducing power consumption. So, your generator site also becomes essential. If you install it in an airy place, it can cool off more quickly without bearing a hefty workload.
The Emergency Backup Mechanism
The essential elements of an emergency backup system will involve the following:
- A standby generator
- Uninterrupted Power Supply (UPS)
- Automatic Transfer Switch (ATS Panel)
In case of a power breakdown, here is how the emergency response will work:
- The generator turns on when the grid supply cuts off. It prepares to accept the load, which can take a few seconds.
- Meanwhile, the crypto mine derives power from the UPS, and the ATS waits to transfer the load.
- When the generator is ready, the ATS transfers the bag to the generator.
- As grid supply resumes, the ATS will transfer the load back to the grip relieving the generator of its duty, and the UPS battery will start charging once again.
For a crypto farm, a backup generator is essential equipment and needs careful consideration for long-term performance. Understandably, there is a hefty investment involved, which means you will need intense homework before shortlisting the right equipment.