Backup Power for Cryptocurrency Mining Firms
Cryptocurrencies are not dependent on a system that is followed by printed currencies like Dollars, Rupees etc. It is a completely digital system and works much like electronic bank transfers. But there is a difference, cryptocurrency is transferred between peers without any middleman like a bank.
Bitcoin is the first cryptocurrency in the world and the most valued one. It is backed by thousands of computers known as miners. The miners are high powered computers, these computers solve complex mathematical problems to mine bitcoins. They work continuously 365 days a year without stopping. These computers need an uninterrupted power supply throughout the year. The backup power system is the same as used by other industries like Data Centres.
Many crypto mining firms use Solar or Wind energy to generate electricity for their machines. But these are dependent on weather conditions. A backup generator on the other hand is not dependent on weather and they are highly reliable.
Diesel is the most common fuel to run the generators. However, nowadays Natural Gas is a popular and cost-effective option as fuel. If connected with a piped gas supply, the Natural Gas Generators will have an unlimited supply of fuel with no headache of refuelling.
Diesel of Natural Gas generators will need some level of maintenance. If periodic maintenance is done, they will run without any problem for a very long time.
