Bitcoin mining firms are actively experimenting with immersion cooling, a type of cooling that allows them to extract more hashpower from current miners. According to industry insiders, this cooling option will become more common in the future, since major corporations are already reaping the benefits and installing these cooling systems to current mining operations.
Miners are experimenting with immersion cooling, an alternate and less often used technique of preserving their equipment. This cooling procedure is burying current mining equipment in tanks filled with a liquid material that helps heat to be drained from the mining rigs more quickly. This offers several advantages over air cooling, including reduced maintenance times owing to less debris clogging the machinery and improved performance.
Overclocking is the method by which miners modify these computers to perform above their normal specs, and one of the primary worries about doing so is that it creates more heat, which serves to decrease the equipment’s life in the long term. This disadvantage, however, is minimized by the new technique. Nishant Sharma, the founder of Blocksbridge, a mining consultancy firm, stated:
It looks like a fish tank with machines inside it. Sooner or later, all big miners will be doing large-scale immersion mining.
While this novel cooling system is still in its early stages, several huge corporations are already preparing to implement it in large-scale mining operations. This is the case with Riot Blockchain, a Nasdaq-listed Bitcoin mining business with a valuation of more than $4 billion, which revealed in October that its next mining facility in Texas will dedicate 200MW (half of its available power) to immersion cooling mining operations.
According to the company:
Immersion-cooling technology has never been previously deployed in Bitcoin mining at this scale, to the Company’s knowledge.
46,000 ASIC miners will be housed in two buildings that will have tanks for cooling the machines. This current tendency is already affecting other markets. The demand for the cooling liquid utilized in these applications has skyrocketed. According to David Sundin, co-founder and chief scientist at Texas-based Engineered Fluids:
Our business has increased 500% in the last six or seven months. It’s just gone through the roof.