Once I talked about to a journalist that we had been chartering 747’s to hurry up the supply of our miners — I didn’t assume it was an enormous deal.

However as quickly as I discussed this reality, it shortly grew to become the main target of the story which then unfold throughout dozens of media retailers together with Enterprise Insider, Quartz, and plenty of extra.

For us, chartering these planes was simply a part of us doing our job — mining crypto with the very best effectivity attainable. We didn’t assume it was an enormous deal as a result of for us, it was an apparent transfer. If delivery by sea took weeks and a aircraft took 12 hours, the apparent alternative was to ship by aircraft.

That’s as a result of in crypto mining, each second counts.

 

The Largest Lesson Realized Over Six Years of Mining Crypto 

No alt text provided for this image

 

We’ve been mining now since 2013. My first miner was arrange in my school dorm room. Right this moment, we’ve got 12 knowledge facilities throughout six international locations. Our crypto mining operations are unfold throughout three divisions — cloud mining which makes up roughly 20% of our enterprise, managed farms for institutional purchasers, and self-mining farms that mine and maintain our personal crypto. Once we began constructing our large-scale farms, there was no playbook and no how-to information. It was all trial and error.

 

However very early on, it grew to become clear what mattered most: time. Each minute a miner is down or each week a miner sits in a cargo ship, it prices cash and most significantly, alternative. That is an important side of crypto mining. Mining requires far more than low price electrical energy and computing {hardware}. It requires experience and deep understanding of the best way to maximize each second the miners are working.  As we scaled our mining farms, it shortly grew to become clear that the non-purpose constructed software program for managing knowledge facilities was not going to work. So we started growing our personal software program to handle our farms.

 

For the previous six years, we’ve invested tens of millions of {dollars} and have had dozens of builders and engineers collectively spend hundreds of hours engaged on perfecting our crypto mining farm administration software program. This software program has been the spine of Genesis Mining and has performed a key position in offering us a aggressive edge as we’ve scaled all divisions of our enterprise throughout the globe.

 

No alt text provided for this image

 

Introducing Hexa

Right this moment, we’re excited to announce Hexa, our enterprise-grade crypto mining farm administration software program. This software program combines every thing we’ve discovered over our six years of constructing, managing, and scaling crypto mining farms. The inner software program we’ve developed for inside use will now be out there to others. Our new all-in-one software program supplies large-scale crypto miners with the next:

 

Fast Deployment: Hexa is designed to make the deployment of large-scale farms as fast and painless as attainable. It mechanically detects all machines and provides them to the system. This lets you mirror the real-world as carefully as attainable and handle your upkeep personnel and reduce your operational prices.

 

Farm Configuration: With Hexa, miners are mechanically configured as quickly as they arrive on-line, guaranteeing that mining begins immediately. With out this characteristic you’ll first deploy the miners bodily and in a second stage configure mining swimming pools.This protects money and time by automating as a lot as attainable. Hexa is constructed to help Internet hosting Operations together with superior buyer and configuration administration. It’s firmware agnostic, guaranteeing you don’t get caught in “Vendor Lock” or forcing you to make use of any particular firmware. It additionally helps any firmware and miner sort on-demand with the intention to experiment with what brings you probably the most effectivity.

 

Actual-Time Monitoring: Hexa allows you to maintain a pulse in your operational knowledge in real-time. You’ll be able to examine on the standing of any miner or use heatmaps to make knowledgeable selections about your upkeep course of. Sensible notifications provide you with a warning when there is a matter. It additionally features a flagging characteristic which permits upkeep personnel to shortly determine and repair the crucial points.

 

Superior Reporting: Hexa has its personal devoted block explorer so you’ll be able to know precisely how a lot is being generated. It retains historic logs of each miner so you’ll be able to see real-time data and likewise analyze efficiency over time. For instance, you should utilize this characteristic to see how the day/evening cycle or winter/summer season temperatures have an effect on your operation’s efficiency. It’s also possible to simply create detailed reviews of your OPEX and CAPEX that permit you to make key selections to cut back your general prices.

Hexa represents every thing we want existed as we’ve constructed our mining operations through the years. To search out out extra about Hexa, click on HERE.

 

Powering the Way forward for Crypto Mining 

The launch of Hexa is thrilling for us as a result of it represents one other step in direction of our mission: deliver as many individuals as attainable into the crypto mining ecosystem.

We all know how exhausting and complex crypto mining is and our perception is that by making this software program extra accessible to the rising ecosystem of crypto miners, we create a extra stage taking part in discipline that may encourage extra miners to enter.

In the identical manner Tesla infamously made their patents out there to rivals with Elon Musk’s All Our Patent Are Belong To You publish, we really feel the identical. By making our expertise extra accessible to different crypto miners — in the long term, all of us profit from seeing the crypto ecosystem develop.


Article initially printed on LinkedIn, 29th June, 2020



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here