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Bitcoin mining company BitFury’s new acquisition could help prevent servers from overheating when computing the large and complex mathematical equations necessary for mining Bitcoins.
The company just acquired the Hong-Kong based Allied Control, which specializes in immersion cooling systems for data centers.
Unearthing Bitcoin takes a lot of processing power and as coins become more scarce, miners need to solve more complicated equations to get a block of coins. To help ease potential overheating, cooling systems are key. That’s why other mining companies have invested big in air conditioning systems. But immersion cooling stands to be more efficient.
“We are very excited about Allied Control and its founders joining our team. This acquisition will enable us to substantially increase energy efficiency of our data centers and speed up deployment of our new ASIC chip allowing to lower overall capital expenditure,” says BitFury CEO Valery Vavilov.
Immersion cooling is when electronic components are kept in a bath of highly heat conductive liquids. Heat transferred to the liquid causes it to boil when it reaches 120 degrees Fahrenheit then release steam into the air. BitFury says that this cooling process is “4000 times more efficient at removing heat from chips than air.”
If BitFury shows success with this method, it could push the rest of the mining industry to adopt similar technology.
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