How Are Bit-Miners Addressing Power and Cooling Needs?

PORTLAND, OR – Bitcoin mining and its underlying technology, blockchain, are more than just in vogue at the moment. Some may say we are entering the era of blockchain. However, that doesn’t mean that everyone in the industry understands what it takes to turn a profit from blockchain, or that every market is suitable for it. Portland, and the surrounding Pacific Northwest, for example, have their own set of unique market fundamentals, so CapRE’s Second Annual Greater Portland Data Center Summit included a panel discussion titled Blockchain, Cryptocurrency and Bitcoin: What Are They and How Do They Impact Data Center Design & Construction?  To kick off the series of questions, Terrence Thurber, CEO, OregonMines, was asked to provide some insider analysis based on his perspective as the sole bit-miner on the panel. Asked the moderator, how are you addressing your cooling and power needs? “From a power perspective, we work pretty closely with our current primary power and utility districts to put a calendar toward what we want to do from a growth perspective,” replied Thurber. “We came in with a plan, we had a size disconnect. We were originally rated with three megawatts, and we go for it. We built out after the fact for future power. We look everywhere. I would say that…that’s all in an effort to find readily available cheap power.” Thurber then ventured that every data center operator on his panel is looking for the…