Cryptocurrency Mining:

First, the graphics cards on mining rigs operate 24 hours a day. That may not sound like much, but a computer running a graphics card consumes a heck of a lot more energy than if that computer was just surfing the internet. A mining rig with three GPUs can devour at least 1,000 watts of power when it’s running – that’s the equivalent of running a medium-size window air-conditioning unit. Next, most crypto mining businesses can have hundreds or even thousands of rigs operating in a single location. For example, one such crypto-mining operation in Kazakhstan is setup to run 50,000 mining rigs. And then there is the heat. Not only do the mining rigs gobble up power, they also generate quite a lot of heat while they are in operation. The more rigs operation, the hotter the facility gets. So if you don’t want your mining rigs to melt, you need cooling, and a lot of it. Since mining rigs require a sizeable amount of power, electricity cost is a major factor when crypto-miners determine whether mining can be a profitable venture. This drives those miners to constantly be looking for access to electricity at a low price. As energy innovators for nearly 30 years, we at Onsite Utility Services have put together an ingenious way for companies, institutions and facilities with under-used or idle energy-generating assets to capitalize on this growing and urgent crypto-mining electricity demand.