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For the generation of new Bitcoins, they must be mined by the network nodes. However, the mining process involves a lot of computational power and a lot of energy expenditure, making it very expensive.
To solve this problem and continue to move the ecosystem, companies and entrepreneurs enthusiastic about the cryptocurrency universe decided to create their own mining farms.
Follow the second part of our compilation of the main mining pools in the world.
Swiss mining farm
Founded in 2016 in Linthal, Switzerland, it is managed by Guido Rudolphi who has already managed a mining farm in Zurich, which has not remained active for a long time due to high energy costs. However, after years of searching, Rudolphi decided to establish a new farm in Linthal, which is currently considered the largest in Switzerland.
Russia also stands out among one of the countries with the largest Bitcoin mining areas in the world. The mining farm located near Moscow has the mining power of approximately 600 BTC per month, according to information from the Cointelegraph. The cryptocurrency is mined by 3,000 ASIC (Application-Specific Integrated Circuit) Antminer S9 miners and spending on electricity exceeding $ 120,000 a month.
Bitfury, was founded in 2011 by Valery Vavilov and has offices in Washington, London, Amsterdam, Tokyo, Hong Kong, Seoul, Dubai, Moscow and also operates in datacenters in Iceland, Georgia, Canada, and Norway.
This private farm that extracts about 3.5% of all blocks is one of the main names in the world of cryptocurrencies and acts with great emphasis on implementing blockchain technology in management and finance systems.
Bitmain / Antpool
Antpool was founded in 2013 by Micree Zhan and Jihan Wu – who was the first to translate the Bitcoin whitepaper into Chinese – and is managed by Bitmain Technologies Ltd. With offices in the USA, China, the Netherlands, Switzerland, and Israel this farm is responsible for mining about 11% of all blocks. It is considered one of the largest private mining farms in the world and is also one of the richest. In addition to mining, AntPool also produces ASIC devices.
F2Pool (originally known as DiscusFish) is a mining farm founded in 2013 in China that mines Bitcoin and Ethereum (25% of the network’s hash power). In addition, this company is the second-largest individual EOS holding company in the globe.
F2Pool has also launched a pool of AION networks enabling private and public sectors to use the blockchain network to perform critical functions. F2Pool has offices in the USA, Canada, Singapore, Russia and other countries around the world and is considered one of the pioneers in crypto mining.
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