Mapping out Bitcoin mining immersion technology

Bitcoin mining is an energy-intensive process that generates a significant amount of heat–the main other output from the process besides Bitcoin.

Many innovative solutions have been developed to try and capture this ‘waste heat’ over the years, such as for farming or residential heating. Still, most people dispose of the heat through either air or immersion cooling systems. In this article, we will delve into why this technology is starting to be the choice for many of the listed miners in North America.

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Today we are joined by Anthony Power to discuss his May mining update, “Ranking ‘mid-tier’ Bitcoin miners, by the numbers”, the effect of Ordinals on rewards and the continued importance of balance sheet management.

We are down south in Miami for Bitcoin 2023. Today we are joined by Taylor Monnig, VP of Mining Technology at CleanSpark. We discuss the history and current trends in immersion mining, oil vs hydro, overclocking and how to decide if immersion is right for a specific location.

The impact of Inscriptions on the Bitcoin blockchain can be readily seen by the depth of the mempool, filled with a large volume of +10 s/vByte transaction requests. 

Source: Mempool.Space

*As of May 31.