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    Bitfarms: Sustainable Bitcoin Mining Energy Power Farms?

    Since the beginning of human civilization, technology has changed the way how we connect to people. Recently Internet changed the way we communicate and receive information, then social media changed the way we connect and now blockchain is changing all the paradigms of the world. Bitfarms has arrived to become the leading company in this new transformation.

    What Is Bitfarms?

    Bitfarms owns and operates blockchain farms that powers the global decentralized financial economy. The farms provide computing power to cryptocurrency networks like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash earning fees from each network for securing and processing transaction 24/7. They manage and design infrastructures which makes it possible to process transactions more efficiently and securely. By using green and sustainable power sources, they consume less than half of the energy than any other farm in the world.

    Their founders have been involved in cryptocurrency since 2009 and have invested in or operated blockchain farms around the world. Leveraging on this experience, they have learned to operate a successful crypto farming operation, the factors to focus on and what to avoid.

    Bitfarms has an integrated center for remote and human operations, which empowers a decentralized financial company at a global level.

    Over the last three years, they have developed a proprietary business model that has enabled their team to lock up substantial low cost clean power capacity and stable supply of computing chips from leading manufacturers.

    Bitfarms Sustainable Bitcoin Mining Energy Power Farms Advantages

    Own Farms:

    They own and operate all of the farms associated with them in what is a vertically integrated operation where they design, construct and operate the facilities. Their team of 50 employees and third party contractors help run the facilities.

    Experienced Founders:

    Their founders have unique technical experience in designing, building, operating and scaling server farms and data centers having founded one of the largest independent hosting companies in Canada.

    Partnership:

    They have a strong reciprocal relationship with Bitmain and Antminer which is the largest ASIC chip manufacturer in the world and operate of the cryptocurrency mining pool.

    Power Usage:

    They have become one of the largest consumers of power from Quebec Hydroelectric and have negotiated substantial discounts on long term clean power contracts.

    Clean Energy:

    They use clean energy especially from Hydroelectric sources. This drastically reduces the carbon footprint.

    Independent Power Sources:

    Owning an electrical contracting company allows them to manage 24/7 shift and ambitious work schedules. Under no circumstances will the mining operations stop.

    Efficient Geolocation:

    Location of farming sites are strategically placed to minimize the transport costs of the raw materials and have access to cheap sustainable power.

    Diverse Portfolio:

    With a trust in cryptocurrency and a philosophy that believes that the cryptocurrency prices will continue to rise, the focus on holding the surplus coins as long-term investment with prudent diversification of their portfolio into precious metals and investment properties.

    Bitfarms Conclusion

    Bitfarms already has the largest crypto mining operation in North America and one of the largest professional operations in the world. They are the first public company which is dedicated to cryptomining, offering the possibility to add public or private investors. The company’s stock has skyrocketed to over 1800% in the last year due to the increase in demand of cryptocurrencies and mining operations in general.

    You can find more about the company on their website bitfarms.io/

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    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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