One of the best ways to earn money from crypto is by becoming a crypto miner. Successfully mining Bitcoin yields 6.25 BTC as a reward, and whether that's shared by a mining pool or a single individual gets it, it's a whole lot of money.
For modern crypto miners, crypto mining containers are the go-to solutions for efficient mining. A bitcoin mining container is a typical container that has been redesigned to suit crypto mining. It represents a place where mining equipment is placed for streamlined crypto mining operations.
Do You Need A Container?
Having a container mining setup can be cool, easier to work with, mobile, and efficient. But do you really need a crypto mining container before you can mine comfortably? One thing you should note about owning crypto mining rigs is that they take up a lot of space.
But if you have a large free space in your house, it's easy to set up your mining rig in that space. Alternatively, you can use any outbuilding around your house to create your mining space. Wiring the space with electricity and the internet is much cheaper than getting bitcoin mining containers.
Who Are Containers For?
If you're a solo miner, it's likely more cost-effective to set up your rig in your house. But if you're ambitious and want to build a mining farm, then you should consider getting a bitcoin container. Such large-scale mining will be more flexible, less stressful, and more secure if done in a container.
Crypto containers are closed environments and are more suitable for individuals with no outbuildings or large enough free space in their house. Because of the energy demand of mining crypto coins, it's advisable to situate the container near a renewable energy site for reduced power consumption.
Benefits of crypto containers
There are tons of benefits to owning a bitcoin mining shipping container.
- First, there are different container sizes. Whether you need a small mining container for solo mining or a larger one for large-scale mining, you can find the ideal one for you.
- Access to a fully enclosed, insulated, and flexible space. Each container is a closed environment with limited exposure to the outside world. It's fully insulated, so even in cold weather conditions, it's always warm inside.
- Modern safety technology for wiring
There are electrical fittings to ensure power is available to get the rig running. And the connections are made in such a way that electrical mishaps are a slight possibility.
- A state-of-the-art ventilation system to keep the computers cool.
One of the consequences of setting up a mining rig is having to deal with the constant heat generated. To escape the heated environment and protect the integrity of your equipment, your crypto mining container comes with an advanced ventilation system to keep your computers cool.
- A filtration system is also integrated to keep dust to a minimum, and you can mine any coin in the container.
What kind of containers are there?
There are two types of containers: traditional mining farms and portable containers for mining cryptocurrency.
Traditional Mining Farm
A traditional mining farm is like a data center, as it shares similar architecture and operational guidelines. In a traditional mining farm, power is brought into the building and distributed to the equipment. In addition, there's also a similar air distribution system as seen in data centers.
Unlike data centers, most traditional mining farms are located in places with low security, and the cooling system is less effective. A better alternative is an Asic container miner. You can find out bitcoin mining container price across the various producers.
Portable container for mining cryptocurrency
You might be wondering what "portable" meant for a crypto container. It simply means that the crypto mining shipping container is mobile and properly fitted for use. Each container is retrofitted to support the many crypto mining rigs within it. To get a better idea of how it looks, think of a data center on wheels, except that in this case, the servers are crypto mining rigs.
These mobile bitcoin mining containers contain other components like fans and cooling systems that keep the machines from overheating. These components are needed as miners run 24/7 and produce intense heat that can damage the equipment and cause mining failure.
Electrical components are also pre-installed in the container. The wiring is set to connect the mining rigs with the power source and prevent any potential threats, such as power outages or surges. Outages can stop the miners from working, and power surges can negatively affect the operation of the machines, and even damage them, rendering them unusable.
A stable internet connection is also included to ensure that miners can connect to the blockchain and perform hash operations. Another main part of using the container is the generator. The industrial-grade generator maintains a steady supply of electricity regardless of power outages and is powerful enough to run for a long period of time.
What are the advantages of mobile mining containers?
Traditional data centers are located at fixed locations. The buildings these servers are housed in are built with foundation-based structures and cannot be moved at all. However, you can move an asic container mining away from the original location. Oftentimes, crypto miners move their trailers to mine bitcoin in places with cheaper energy costs while continuing their crypto mining activity. This flexibility helps miners save money and keep operations running.
Mining rigs have high energy requirements, and this can send your electric bills through the roof! Most traditional crypto mining setups are in a local area and are fully situated such that they cannot be moved easily to another location. On the other hand, a portable mining rig is easy to move around and more cost efficient. This is because you can leverage a decentralized energy grid running off wellhead gas. Using this method to mine crypto will help you maximize profits as you save on electricity costs.
Many believe that mobile miners are more efficient than traditional miners. Depending on which side you're on, this point is hotly debated.
Mobile cryptocurrency mining involves tapping energy from stranded gas as opposed to using power that's generated from carbon sources that release methane gas into the atmosphere. Flaring the gas that comes with venting converts methane to carbon dioxide. However, it does not convert everything.
A mobile mining cryptocurrency container is considered a greener option because, when using stranded gas, it burns up all the methane and turns the emissions into carbon dioxide. While this is better than other toxic options, some people believe the best option is a method that doesn't produce any emissions at all.
How much does a container for mining cryptocurrencies cost?
If you're considering purchasing a mining shipping container, your final choice will depend on the specifications, size, producer, and required transport to get it to where it needs to be. The price of mining containers differs when you factor in all these variables.
Prices range from below $12,500 for a 20-foot option to as high as $375,000 for a 40-foot immersion cooling shipping container crypto mining structure.
The average cost is in the range of about $1,500 to $2000 per foot of container, which means that most of the 20-foot containers are priced at about $30,000 to $40,000 while 40-foot container options are priced at about $60,000 to $80,000.
These prices do not include transport and setup costs, so you have to factor that into your budget. However, if you prefer to mine without having to deal with the rigors of having a mining setup, then you should consider hosting with bitcoin.